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Excavation Begins for 1 St. Mark’s Place in East Village, Manhattan

8:00 am on November 5, 2022 By Michael Young

Excavation has begun at 1 St. Mark’s Place, the site of a nine-story commercial building in the East Village. Designed by Morris Adjmi Architects and developed by Real Estate Equities Corporation, the structure will yield 53,000 square feet of office space and approximately 7,700 square feet of ground-floor retail space. The Rinaldi Group of New York is the general contractor, SDG Engineering PC is the structural engineer, and ICOR Associates is the MEPS engineer for the property, which is alternately addressed as both 3 St. Mark’s Place and 23-25 Third Avenue and is located at the corner of St. Mark’s Place and Third Avenue.

Rendering of 1520 First Avenue in Upper East Side, Manhattan - Extell Development

Extell Lands $425M Loan for 30-Story Tower at 1520 First Avenue on Manhattan’s Upper East Side

7:00 am on October 31, 2022 By Sebastian Morris

Extell Development Company has closed on $425 million construction loan to complete a mixed-use high-rise at 1520 First Avenue on Manhattan’s Upper East Side. The 30-story building will include a mix of medical and commercial office space with frontage along East 80th and East 81st Streets.

425 Park Avenue. Rendering by Dbox, courtesy of Foster + Partners

425 Park Avenue Celebrates Grand Opening in Midtown East, Manhattan

8:00 am on October 28, 2022 By Michael Young

YIMBY attended the official opening ceremony of 425 Park Avenue, a 47-story commercial skyscraper in Midtown East and the first new full-block building to be built along Park Avenue’s Plaza District in nearly half a century. Designed by Norman Foster of Foster + Partners and developed by L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 897-foot-tall structure yields 667,000 square feet of column-free Class A office space with design flexibility and panoramic views up and down Park Avenue. Adamson Associates Architects was the architect of record, WSP was the structural and MEP engineer, R&R Scaffolding provided the BMU, and Tishman Construction was the construction manager for the project, which is located between East 55th and East 56th Streets.

540 Fulton Street, designed by Marvel Architects

The Paxton’s Façade Nears Completion at 540 Fulton Street in Downtown Brooklyn

8:00 am on October 27, 2022 By Michael Young

Exterior work is nearing completion on The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall tower will yield 330,000 square feet with 327 residential units in studio to three-bedroom layouts, 137,075 square feet of commercial space, and 33,000 square feet of retail space in the multi-story podium. M.N.S. is handling sales and marketing for the residential component of the property, which is located by the intersection of Flatbush Avenue and Fulton Street.

50 Hudson Yards Celebrates Grand Opening in Hudson Yards, Manhattan

8:00 am on October 26, 2022 By Michael Young

Last Wednesday, developers Related Companies, Mitsui Fudosan America, and Oxford Properties celebrated the grand opening of 50 Hudson Yards, a 78-story supertall commercial skyscraper in Hudson Yards. Designed by Foster + Partners, the 1,011-foot-tall structure is the largest building by volume in the first phase of the Hudson Yards complex and the fourth-largest in the city overall, yielding 2.9 million feet of office space. ArcelorMittal provided the steel components, R&R Scaffolding provided the BMU equipment, Langan Engineering is the civil and environmental engineer, and WSP is the structural and MEP engineer for the $3.8 billion project, which occupies a full block bound by West 34th Street to the north, West 33rd Street to the south, Tenth Avenue to the east, and Hudson Boulevard to the west.

141 Willoughby Street Wraps Up Construction in Downtown Brooklyn

8:00 am on October 24, 2022 By Michael Young

Construction is nearing completion on 141 Willoughby Street, a 24-story commercial building in Downtown Brooklyn. Designed by Fogarty Finger with SLCE as the executive architect and developed by Savanna Real Estate, the structure will yield 400,000 square feet of Class A offices and lower-level retail space. Gilbane Building Company and Savcon are the general contractors, Thornton Tomasetti is the structural engineer, and AKF Group is the MEP engineer for the property, which stands on a trapezoidal plot bound by Willoughby Street to the south, Flatbush Avenue Extension to the east, and Gold Street to the west.

Curtain Wall Installation Begins on FIT’s New Academic Building at 220 West 28th Street in Chelsea, Manhattan

8:00 am on October 21, 2022 By Michael Young

Façade installation has begun on Fashion Institute of Technology‘s New Academic Building, a ten-story structure at 220 West 28th Street in Chelsea, Manhattan. Designed by SHoP Architects, the 110,000-square-foot facility is planned to achieve LEED Gold certification and will feature new classrooms, administrative offices, review and exhibition spaces, and a student quad illuminated by skylights. EE Cruz & Company did the foundations and Forte Construction Corp. is serving as the general contractor for the property, which is located between Seventh and Eighth Avenues.

Rendering of Valley National Bank in Morristown - Gensler; SJP Properties

Valley National Bank Headquarters Tops Out in Morristown, New Jersey

7:00 am on October 18, 2022 By Sebastian Morris

Construction has officially topped out on Valley National Bank’s new headquarters in Morristown, New Jersey. Designed by Gensler and developed in collaboration by SJP Properties and Scotto Properties, the building is located along Speedwell Avenue near Cattano Avenue and replaces several vacant commercial properties.

Demolition Underway for Film Studio at 22-09 Queens Plaza North in Long Island City, Queens

7:30 am on October 17, 2022 By Michael Young

Demolition is progressing at 22-09 Queens Plaza North, the site of a three-story industrial building in Long Island City, Queens. Developed by Criterion Group, which paid nearly $80 million for the site in 2019, the 65-foot-tall structure will yield 170,000 square feet of film studio and office space. The property occupies a full-block parcel bound by 41st Avenue to the northeast, 22nd Street to the northwest, 23rd Street to the southeast, and Queens Plaza North to the southwest. Construction was last estimated to cost $25.5 million.

Excavation Progresses for 30-Story Office Tower at 125 West 57th Street in Midtown, Manhattan

8:00 am on October 16, 2022 By Michael Young

Excavation is progressing at 125 West 57th Street, the site of a 30-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy Properties and ABR Partners, the $350 million project will yield 185,000 square feet of offices and ground-floor space for the Calvary Baptist Church. Leading Builders Group is the general contractor for the property, which is located between Sixth and Seventh Avenues, near supertalls One57 and 111 West 57th Street.

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