Office

Render of 120 Park Avenue renovation, courtesy of BerlinRosen

120 Park Avenue Modernization Begins in Midtown, Manhattan

7:00 am on January 28, 2024 By Max Gillespie

Construction has begun on the first phase of the redevelopment of 120 Park Avenue, a 26-story commercial building in Midtown, Manhattan across from Grand Central Terminal. Designed by MdeAS Architects and developed by Global Holdings, the project involves renovations to the building’s façade and the construction of new double-height loggia terraces on the fifth and sixth floors of the Class A office building. Turner Construction is the general contractor for the property, which is located at the intersection of Park Avenue and 42nd Street.

Rendering of M Station complex, via M Station At Morristown

M Station West Tops Out In Morristown, New Jersey

7:00 am on January 22, 2024 By Max Gillespie

SJP Properties and Scotto Properties celebrated the topping out of M Station West, a seven-story commercial building in Morristown, New Jersey. Designed by Gensler, the structure will add 260,000 square feet to the M Station complex, joining the six-story, 120,000-square-foot M Station East, which was completed in July 2022. The developers are aiming for LEED certification.

FIT’s New Academic Building Nears Completion at 220 West 28th Street in Chelsea, Manhattan

8:00 am on January 21, 2024 By Michael Young and Matt Pruznick

Work is nearing completion on Fashion Institute of Technology‘s ten-story New Academic Building at 220 West 28th Street in Chelsea, Manhattan. Designed by SHoP Architects, the 110,000-square-foot structure is engineered to LEED Gold standards and will yield new classrooms, administrative offices, review and exhibition spaces, and a student quad illuminated by skylights. Forte Construction Corp. is the general contractor for the property, which stands on a shallow plot between Seventh and Eighth Avenues on the northernmost edge of the FIT campus.

Mulligan Security Expands Lease At 7 Penn Plaza In Chelsea, Manhattan

7:30 am on January 20, 2024 By Max Gillespie

National real estate investment firm The Feil Organization has announced that private security and fire safety contractor Mulligan Security has expanded its lease at 7 Penn Plaza in Chelsea, Manhattan. The company will extend its lease for 12 years and expand its footprint by 15,788 square feet, bringing its total occupancy to 24,788 square feet.

Avison Young Arranges Sale Of 803 Madison Avenue on Manhattan’s Upper East Side

7:30 am on January 19, 2024 By Max Gillespie

Avison Young has facilitated the sale of a vacant mixed-use building at 803 Madison Avenue on Manhattan‘s Upper East Side for $14.5 million. The property, previously occupied by lingerie brand LaPerla until 2021, was sold on behalf of the owner, Philip Sprayregen.

Construction Finishes At 300 Huntington Street in Gowanus, Brooklyn

8:00 am on January 17, 2024 By Michael Young

Construction is finished at 300 Huntington Street, a new six-story commercial building in Gowanus, Brooklyn. Designed by Dattner Architects and Bernheimer Architecture and developed and built by Monadnock Development as their new permanent headquarters. The 136,000-square-foot structure will yield 80,000 square feet of office space, 12,290 square feet of retail space, a 3,470-square-foot industrial workshop, 5,780 square feet of unspecified building service area, and a 15,490-square-foot rear yard dedicated to the anchor tenant. The property is the first and only new ground-up commercial office complex in the neighborhood and is bound by Huntington Street to the north, 9th Street to the south, the Gowanus Canal to the east, and Smith Street to the east. There is also a new waterfront esplanade spanning over 8,700 square feet which was designed by SCAPE Landscape Architecture.

200 Hudson Street, courtesy of BerlinRosen

David Yurman Expands Lease At 200 Hudson Street In Tribeca, Manhattan

7:30 am on January 13, 2024 By Max Gillespie

Hudson Square Properties has announced a lease renewal and expansion with David Yurman at 200 Hudson Street in Tribeca, Manhattan. The new lease expands David Yurman’s headquarters by over 25 percent, bringing its total footprint to 150,000 square feet. The jewelry firm has been headquartered at this location since 2002, enjoying exclusive amenities like a separate entrance, lobby, and dedicated elevators.

Two Penn Plaza, courtesy of Vornado Realty Trust

Cushman & Wakefield Appointed Leasing Agent For PENN 2 Office Tower In Midtown, Manhattan

7:00 am on January 9, 2024 By Max Gillespie

Vornado Realty Trust has announced a major step in the revitalization of its Penn District campus with the appointment of Cushman & Wakefield as the exclusive leasing agent for PENN 2, a 1.8-million-square-foot office tower undergoing renovations at Two Penn Plaza in Midtown, Manhattan. The partnership aims to position PENN 2 as a premier destination for leading companies in the heart of Manhattan’s Westside.

DoorDash Expands New York Presence with Lease at 200 Fifth Avenue In Flatiron, Manhattan

7:00 am on January 7, 2024 By Max Gillespie

In a major expansion of its New York operations, DoorDash has inked a lease for more than 115,000 square feet at 200 Fifth Avenue, a 13-story commercial building in Flatiron, Manhattan. The deal is an expansion of the 57,691 square feet that it currently occupies in the structure, which is located at the intersection of Fifth Avenue, Broadway, and 23rd Street along Madison Square Park.

125 West 57th Street’s Glass Façade Begins Installation in Midtown, Manhattan

8:00 am on January 1, 2024 By Michael Young and Matt Pruznick

Construction is rising on 125 West 57th Street, a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will span 260,000 square feet and yield 185,000 square feet of Class A office space, 7,000 square feet of retail space, and a new home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the property to the developers for $150 million in 2017. Leading Builders Group is the general contractor for the project, 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.

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