Office

118-124 Tenth Avenue Awaits Construction Activity in Chelsea, Manhattan

8:00 am on November 24, 2023 By Michael Young and Matt Pruznick

Rounding out our Turkey Week rundown of stalled and on-hold projects in New York City is 118-124 Tenth Avenue, a planned ten-story commercial building in Chelsea, Manhattan. Initially developed by Real Estate Equities Corporation (REEC), which acquired the adjacent properties at 118 and 124 Tenth Avenue for $21 million in 2017, the project was expected to yield 100,000 square feet of office and ground-floor retail space. REEC completed demolition of the former low-rise occupants of the parcel, but progress stalled shortly thereafter. Signs posted on site indicate that GDSNY has taken over as developer and the building’s scope has been expanded to 155,000 square feet. The signs also list Triton Construction as the general contractor for the project, which is located along Tenth Avenue between West 17th and West 18th Streets, across from the High Line.

Sustainable Lighting Upgrades Announced for One World Trade Center in Financial District, Manhattan

7:30 am on November 23, 2023 By Max Gillespie

Governor Kathy Hochul has announced significant energy-efficient lighting upgrades for One World Trade Center, marking an important step in New York’s commitment to sustainability and energy conservation.

JPMorgan Celebrates the Topping Out of its Supertall Headquarters at 270 Park Avenue in Midtown East, Manhattan

8:00 am on November 21, 2023 By Michael Young and Matt Pruznick

Construction has structurally topped out on 270 Park Avenue, JPMorgan Chase‘s 1,388-foot supertall headquarters in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and is the tallest project currently underway in New York. AECOM Tishman is the general contractor for the property, which spans a full city block bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

David Adjaye’s Affirmation Tower Remains on Hold at 418 Eleventh Avenue in Hudson Yards, Manhattan

7:30 am on November 21, 2023 By Michael Young and Matt Pruznick

The third entry in our Turkey Week rundown of stalled and on-hold construction projects in New York City is Affirmation Tower, a 1,663-foot mixed-use supertall at 418 Eleventh Avenue, just north of Related Companies‘ first phase of Hudson Yards. Designed by Sir David Adjaye of Adjaye Associates and developed in collaboration between Cheryl McKissack Daniel of McKissack & McKissack, The Peebles Corporation, Exact Capital Group, and the Witkoff Group, the 2-million-square-foot structure would easily wrest the title of tallest building in New York by roof height from Extell’s Central Park Tower, surpassing its parapet by more than 100 feet. The development’s 1.2-acre plot, dubbed “Site K,” was also the site selected for the long-stale Hudson Spire proposal, and is bound by West 36th Street to the north, West 35th Street to the south, Eleventh Avenue to the east, and Hudson Boulevard to the west.

Three Hudson Boulevard Remains Stalled in Hudson Yards, Manhattan

7:30 am on November 20, 2023 By Michael Young and Matt Pruznick

Continuing our Turkey Week rundown of on-hold projects in New York City is Three Hudson Boulevard, a planned 56-story office skyscraper in the Hudson Yards district. Designed by FXCollaborative and developed by Boston Properties and The Moinian Group, the $3 billion project was planned to rise 940 feet tall and yield 1.86 million square feet of office space, but has been stalled since early 2020. The property occupies a full city block bound by West 35th Street to the north, West 34th Street to the south, Bella Abzug Park to the east, and Eleventh Avenue to the west.

Lever House Completes $100 Million Renovation At 390 Park Avenue In Midtown East, Manhattan

8:00 am on November 19, 2023 By Michael Young

Renovation work has concluded on Lever House, a landmarked 21-story International Style office tower at 390 Park Avenue in Midtown East. Designed by Skidmore, Owings & Merrill and developed by WatermanClark, Brookfield Properties, Higgins Quasebarth & Partners, Integrated Conservation Resources, and Integrated Conservation Contracting, the project involved an overhaul of the ground-floor pedestrian plaza, main lobby, and ventilation and sustainability systems of the 307-foot-tall, 71-year-old structure, as well as the construction of new amenity spaces. Marmol Radziner was the interior designer and Pavarini McGovern was the general contractor for the property, which is located along Park Avenue between East 53rd and 54th Streets.

Commercial Conversion Underway at 240 Broadway in South Williamsburg, Brooklyn

7:30 am on November 13, 2023 By Michael Young and Matt Pruznick

Construction is progressing on 240 Broadway, a five-story commercial conversion project in South Williamsburg, Brooklyn. Designed by Mancini Duffy and developed by ZB Capital Group, which acquired the property for $20.1 million, the project involves the renovation of the 36,254-square-foot 19th century cast iron building’s façade and conversion of its 24 loft units into three stories of coworking space and a two-story restaurant and rooftop bar operated by Freehold Brooklyn. Spring Rock, LLC is the general contractor for the property, which is located on an interior lot between Roebling and Havemeyer Streets, directly across from the elevated Marcy Avenue subway station servicing the J, M, and Z trains.

35-01 36th Avenue Nears Completion in Astoria, Queens

8:00 am on November 5, 2023 By Michael Young and Matt Pruznick

Work is nearing completion on 35-01 36th Avenue, a nine-story mixed-use building in Astoria, Queens. Designed by NDKazalas Architecture and developed by Stellar Management, the 140-foot-tall structure is expected to yield 57,049 square feet with 33,624 square feet of office space and 9,928 square feet for a ground-floor community facility. SMQ OZB 1LLC is listed as the owner and Armteck Construction Group is the general contractor for the property, which is located at the corner of 36th Avenue and 35th Street.

Work Resumes on 550 Tenth Avenue After Crane Collapse in Hell’s Kitchen, Manhattan

8:00 am on October 27, 2023 By Michael Young and Matt Pruznick

Construction resumes on 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen, Manhattan. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the rising 520-foot-tall structure will yield 430,000 square feet and 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.

Exterior of 555 Greenwich, courtesy of BerlinRosen

555 Greenwich Office Tower Opens in Hudson Square, Manhattan

7:30 am on October 26, 2023 By Max Gillespie

Hudson Square Properties, a collaboration between Trinity Church Wall Street, Norges Bank Investment Management, and Hines, is celebrating the opening of 555 Greenwich, a 16-story, 270,000-square-foot office tower in Hudson Square. The project, designed by COOKFOX, integrates with the adjacent 345 Hudson Street, forming a full-block campus.

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