Office

Foundations Underway For Rolex USA Headquarters at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on December 11, 2023 By Michael Young and Matt Pruznick

At number 21 on our annual year-end construction countdown is the Rolex USA headquarters, a 469-foot-tall commercial building at 665 Fifth Avenue in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 28-story structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. Pavarini McGovern is the general contractor for the property, which is located at the corner of Fifth Avenue and East 53rd Street.

Birds-eye rendering of Claremont Hall at 100 Claremont Avenue

RAMSA’s Claremont Hall Wraps Up Construction in Morningside Heights, Manhattan

8:00 am on December 10, 2023 By Michael Young and Matt Pruznick

The 22nd-tallest building on our annual year-end countdown is Claremont Hall, a 466-foot-tall mixed-use tower currently completing construction at 100 Claremont Avenue in Morningside Heights, Manhattan. Designed by Robert A.M. Stern Architects along with SLCE Architects and interior designer CetraRuddy Architects, and developed by Lendlease, Daiwa House Texas, and LMXD, the 41-story structure spans 354,000 square feet and yields 165 condominium units in one- to four-bedroom layouts, as well as classrooms, office space, and faculty housing for Union Theological Seminary. The project also involves renovations to the school’s Hastings Hall by Beyer Blinder Belle. Corcoran Sunshine Marketing Group is leading sales and marketing and Lendlease is the general contractor for the property, which is located by the corner of Claremont Avenue and West 122nd Street.

"Constellations" Exhibit, by Alan Schindler Photography

‘Constellations’ Art Installation Unveiled at 425 Park Avenue in Midtown, Manhattan

7:00 am on December 9, 2023 By Max Gillespie

L&L Holding Company, in collaboration with renowned artist Anthony James and SPACE2CURATE, have unveiled “Constellations,” a sculpture installation at 425 Park Avenue in Midtown East, Manhattan. Visible from Park Avenue and 55th Street, the work occupies a 5,000-square-foot glass-enclosed gallery at the southeast corner of the 897-foot-tall commercial skyscraper from Foster + Partners.

30-Story Medical Office Tower Continues Ascent at 1522 First Avenue On Manhattan’s Upper East Side

8:00 am on December 6, 2023 By Michael Young and Matt Pruznick

The 26th-tallest building on our annual year-end construction countdown is 1522 First Avenue, a 30-story medical office building rising in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell Development Company, the 449-foot-tall structure will yield 400,000 square feet of Class A office space and retail space on the ground floor and cellar levels. The Hospital for Special Surgery will serve as the anchor tenant, occupying 200,000 square feet across the first eight stories of the building. Ancora Engineering is the engineer of record and Lendlease is the general contractor for the project, which is alternately addressed as 403 East 79th Street and located between East 79th and 80th Streets.

Payoneer to Relocate Headquarters to 195 Broadway in Financial District, Manhattan

7:30 am on December 6, 2023 By Max Gillespie

Financial technology firm Payoneer has finalized a ten-year lease agreement to move its headquarters to 195 Broadway in Manhattan’s Financial District. The company will occupy a 42,000-square-foot space spanning the entire 27th floor of the historic 29-story Neoclassical building starting in spring of 2024. This relocation marks one of the more significant office relocations from Midtown to Lower Manhattan this year.

125 West 57th Street Continues to Ascend in Midtown, Manhattan

8:00 am on December 4, 2023 By Michael Young and Matt Pruznick

The 28th-tallest building on our annual year-end construction countdown is 125 West 57th Street, a 26-story commercial building currently rising along Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will yield 260,000 square feet with 185,000 square feet of Class A office space, 7,000 square feet of retail space, and an updated home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the land to the developers in 2017 for $150 million. Leading Builders Group is the general contractor for the property, which is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.

Rendering of 10th Avenue entrance, via Wells Fargo

Wells Fargo Announces Retail-to-Office Conversion in Hudson Yards, Manhattan

7:30 am on December 2, 2023 By Max Gillespie and Matt Pruznick

Wells Fargo has announced plans to consolidate most of its New York office presence across two buildings in Hudson Yards. Developed by Related Companies, the project involves the conversion of three stories of retail space in 20 Hudson Yards into 445,000 square feet of new office space, providing an easy link to the company’s existing nine-story footprint in the connecting 30 Hudson Yards supertall skyscraper. Wells Fargo reportedly purchased the former Neiman Marcus store, which closed in 2020, for $550 million and plans to open the new office in three years.

Evening rendering of Terminal Warehouse in West Chelsea - Credit COOKFOX

YIMBY Tours Terminal Warehouse At 261 Eleventh Avenue in West Chelsea, Manhattan

8:00 am on November 30, 2023 By Michael Young

YIMBY recently went on a tour of Terminal Warehouse at 261 Eleventh Avenue in West Chelsea, Manhattan. The original 132-year-old George Mallory-designed structure is being extensively renovated and now features a new six-story office pavilion designed by COOKFOX Architects and redeveloped by L&L Holding Company, Columbia Property Trust, and Cannon Hill Capital Partners. New Line Structures & Development is the general contractor for the 1.3-million square foot development, which will cost $2 billion-plus, stand 13 stories tall, and yield new Class A office suites, around 100,000 square feet of new outdoor green space including 29 private terraces and a central courtyard, ground-floor retail space, and multiple dining options. Cushman & Wakefield is the exclusive listing agent for both office and retail. Terminal Warehouse takes up a full city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and Hudson River to the west. Floor plates vary in size up to 160,000 square feet.

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Rendering of 295 Fifth Avenue with its new rooftop penthouse

Developers Announce 132,000-Square-Foot Lease Deal at 295 Fifth Avenue In Midtown South, Manhattan

7:30 am on November 30, 2023 By Max Gillespie

Tribeca Investment Group, PGIM Real Estate, and Meadow Partners have announced a lease agreement with global litigation firm Quinn Emanuel Urquhart & Sullivan, LLP for a 132,000-square-foot space at the fully renovated 295 Fifth Avenue in Midtown South, Manhattan. This relocation marks one of the largest relocations of 2023 in the surrounding area and reflects a trend of traditional industries filling the leasing gap left by technology firms in the neighborhood. CBRE helped facilitate the transaction on behalf of ownership and represented Quinn in the leasing agreement.

32 Avenue of the Americas surrounding area, via nyc.gov

LPC To Review Renovations to 32 Avenue Of The Americas in Tribeca, Manhattan

7:30 am on November 25, 2023 By Max Gillespie

On November 28, the Landmarks Preservation Commission will review a new proposal from Marvel Architects and Rudin Management for the renovation of 32 Avenue of the Americas in Tribeca. This 27-story Art Deco building, originally designed by Ralph Thomas Walker and built between 1912-1916 with expansions in 1930-1932, is an important piece of the history of development in Tribeca. Recognized as an Individual NYC Landmark and Interior Landmark since 1991, the building has undergone various approved renovations, including a storefront masterplan in 2013 and lobby and main building entries renovation in 2022.

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