L&L Holdings and GreenOak Real Estate have landed a $556 million construction loan for their 47-story, 893-foot-tall office building planned at 425 Park Avenue, in Midtown East. The developers are expanding the existing 32-story building office building to accommodate 670,000 square feet of modern office space. Partial demolition begins this month, and the building is scheduled to open in 2018.
Ash Management has filed applications to renovate and expand the low-rise building assemblage spanning 947-955 Flatbush Avenue and 2-10 Snyder Avenue, in northern Flatbush, into a single three-story, 34,820 square-foot commercial building. The final structure will have retail space on the ground floor and offices above. Gabriel Gingishvili’s MGM Creations is designing.
A landmarked five-story, turn-of-the-century office building at 250 Fifth Avenue, on the corner of 28th Street in NoMad, may become a hotel and grow a 23-story tower behind it. Alteration applications were filed yesterday to expand the building to 23 stories, but the developer tells us that the single-story storefronts on 28th Street, behind the hotel, will support the new tower.
Next to Chelsea Market and across the street from Google’s block-long office building, Vornado Realty Trust has filed plans for a 10-story office and retail project at 61 9th Avenue, on the corner of West 15th Street in Chelsea.
The Moinian Group has released a video revealing the gardens and interiors of 3 Hudson Boulevard, the 1,050-foot-tall tower headed for Eleventh Avenue between 34th and 35th Streets. The 3-D animated video offers a new daytime look at the exterior, the partially built Hudson Boulevard Park and yet-to-open 7 train extension at the base of the tower, and the stark white lobby.
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