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New Dining Tenants Announced for MetLife Building at 200 Park Avenue in Midtown East, Manhattan

7:30 am on May 28, 2022 By Sebastian Morris

This week Tishman Speyer and Irvine Company revealed the next phase of renovations and capital improvements at the historic MetLife Building, with new food and beverage options set to debut in 2023. Located at 200 Park Avenue in Midtown East, Manhattan, the building’s new dining options will include the iconic Capital Grille, organic and fair-trade café Jack’s Stir Brew Coffee, Black Seed Bagels, as well as a pop-up run by Talea Beer Co., a woman-owned brewery based in Brooklyn.

Demolition Underway for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

8:00 am on May 25, 2022 By Michael Young

Demolition has begun at 550 Tenth Avenue, the site of a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot structure will yield 453 units, with 316 market-rate and 137 moderate- and middle-income homes, as well as 9,000 square feet of retail space and over 20,000 square feet of amenities. The building will also house 26,764 square feet of administrative office space for Covenant House. Wells Fargo and US Bank provided a $212 million construction loan and Lionheart Strategic Management assisted with $35 million in mezzanine financing for the project, which is located along Tenth Avenue between West 40th and 41st Streets.

Excavation Underway for Journal Square Urby at 571-577 Pavonia Avenue in Jersey City, New Jersey

8:00 am on May 22, 2022 By Michael Young

Excavation has begun at 571-577 Pavonia Avenue, the site of Journal Square Urby, a 25-story residential tower in the Journal Square section of Jersey City. Designed by HLW Architects and Amsterdam-based studio Concrete and developed by Ironstate Development, Panepinto Properties, and Kimmel, the 265-foot-tall structure will yield 317 residential units, a 2,607-square-foot cafe on the ground level, and 1,349 square feet of office space. The property is alternately addressed as 532 Summit Avenue and is located at the corner of Pavonia and Summit Avenues, a short walk from the Journal Square PATH station.

PENN 2’s Cantilevering Expansion Takes Shape at Two Penn Plaza in Midtown, Manhattan

8:00 am on May 18, 2022 By Michael Young

Renovation work and construction continue on PENN 2, a 31-story commercial tower at Two Penn Plaza in Midtown. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the interior overhaul and re-cladding of the 412-foot-tall, 1.61 million-square-foot structure, as well as the construction of a multi-story cantilevering addition. PENN 2 is one component in the Penn District revitalization scheme that calls for the erection and redevelopment of several buildings surrounding Penn Station and Madison Square Garden. Turner Construction Company is the general contractor for the property, which is located along Seventh Avenue between West 31st and 33rd Streets.

Tenant lounge at 780 Third Avenue - Rendering courtesy of A+I

New Amenity Spaces Revealed for 780 Third Avenue in Midtown East, Manhattan

7:30 am on May 18, 2022 By Sebastian Morris

New renderings from Architecture Plus Information reveal lush amenity spaces and exterior enhancements at 780 Third Avenue, a 50-story office tower in Midtown East, Manhattan. Nuveen Real Estate, the current owner of the building, has invested roughly $40 million to create what it calls a “green oasis” for new and existing tenants.

470 Park Avenue South - Courtesy of SJP Properties

SJP Properties Reveals New Tenants at 470 Park Avenue South Following Large-Scale Renovation Project

7:00 am on May 17, 2022 By Sebastian Morris

Anchorage Digital and Life Science REIT are the first new tenants to join 470 Park Avenue South following a $15 million renovation of the Midtown commercial building. SJP Properties and PGIM Real Estate, the building’s current owners, retained Gensler and MKDA to complete the modernization project, which was unveiled in February.

The new exterior for Harborside. Designed by Elkus Manfredi Architects

Harborside 1-3 Completes Renovation in Jersey City, New Jersey

7:30 am on May 15, 2022 By Michael Young

Renovation work is complete on the three-building Harborside complex along the downtown Jersey City waterfront. Designed by Elkus Manfredi Architects and developed by Mack-Cali Realty Corporation and SJP Properties, the project involved the re-cladding and interior refurbishment of the commercial office structures, which occupy a long rectangular parcel bound by Harborside Place to the north, Hudson Street to the west, and Christopher Columbus Drive to the south. The overhaul was planned to cost around $75 million and achieve LEED Gold certification.

Daytime rendering of The Spiral - Courtesy of Tishman Speyer

NewYork-Presbyterian Inks Lease at 66 Hudson Boulevard in Hudson Yards, Manhattan

7:00 am on May 15, 2022 By Sebastian Morris

NewYork-Presbyterian is the latest tenant to ink a lease at the Spiral at 66 Hudson Boulevard in Hudson Yards. The hospital group’s Och Spine outpatient facility will occupy a 75,000-square-foot suite on the supertall’s second floor.

111 Wall Street’s Exterior Renovations Progress in Financial District, Manhattan

8:00 am on May 13, 2022 By Michael Young

Work is progressing on the $100 million renovation of 111 Wall Street, a 25-story commercial building in the Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, the project involves the replacement of the structure’s 1960s envelope with a modern glass curtain wall and a complete overhaul of the interiors, which will yield 1.5 million square feet of Class A office space, new infrastructure, an expanded lobby, and amenities designed by URBN Playground. Hunter Roberts Construction Group is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, Gouverneur Lane to the southwest, and South Street and the FDR Drive to the southeast.

15 Beekman Street Begins Ascent in the Financial District, Manhattan

7:30 am on May 8, 2022 By Michael Young

Construction is rising on 15 Beekman Street, Pace University’s new 27-story expansion in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall tower will yield 213,084 square feet with classrooms, dorm rooms, a dining facility, a library, and a learning center. New Line Structures & Development is the general contractor for the property, which is alternately addressed as 126-132 Nassau Street and is located at the corner of Beekman and Nassau Streets.

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