Office

PENN 2’s Renovations Continue at 2 Penn Plaza in Midtown, Manhattan

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

Renovation work is progressing on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown, Manhattan. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the full re-cladding and interior modernization of the 412-foot-tall, 1.61-million-square-foot mid-century office building, and is part of the ten-skyscraper Penn District revitalization plan. Turner Construction Company is the general contractor for the property, which is located along Seventh Avenue between West 31st and 33rd Streets, directly adjacent to Penn Station and Madison Square Garden.

Disney Headquarters’ Terracotta Façade Progresses at Four Hudson Square in Hudson Square, Manhattan

8:00 am on August 1, 2022 By Michael Young

Exterior work is continuing on The Walt Disney Company’s new 22-story headquarters at Four Hudson Square in Hudson Square, Manhattan. Designed by Skidmore, Owings & Merrill and developed by Silverstein Properties, the 338-foot-tall structure will yield 1.2 million square feet of office space, film and production studios, and ground-floor retail. Lendlease is the general contractor for the property, which is alternatively addressed as 137 Varick Street and occupies a full-block parcel bound by Vandam Street to the north, Spring Street to the south, Varick Street to the east, and Hudson Street to the west.

Aerial view of 50 Main Street in White Plains - Courtesy of Ginsburg Development

City Square Completes Renovations at 50 Main Street in White Plains, New York

7:00 am on August 1, 2022 By Sebastian Morris

Ginsburg Development has unveiled more than 300,000 square feet of Class A office space at City Square, a sprawling mixed-use property at 50 Main Street in Downtown White Plains. In addition to office space, the property also features residential units, retail, restaurants, and a parking garage.

1162 Broadway Tops Out in NoMad, Manhattan

7:30 am on July 31, 2022 By Michael Young

Construction has topped out on 1162 Broadway, a 13-story commercial building in NoMad. Designed by Morris Adjmi Architects and developed by 1162 Broadway LLC, 185-foot-tall structure will yield Class A office within the Madison Square North Historic District. The project has undergone several changes since permits were first filed by Aini Assets for a 14-story, 52-room hotel in December 2013. The latest plans were approved by the Landmarks Preservation Commission (LPC) in the late spring of 2020, followed by groundbreaking in 2021. On Star Management is the general contractor for the property, which is located between West 27th and West 28th Streets.

Rendering of 1160 Flushing Avenue - S9 Architecture

Renderings Reveal Mixed-Use Commercial Project at 1160 Flushing Avenue in Bushwick, Brooklyn

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

The Department of City Planning is now reviewing proposals to construct a nine-story mixed-use development at 1160 Flushing Avenue in Bushwick, Brooklyn. Designed by S9 Architecture and developed by Totem Brooklyn, the property will comprise more than 238,000 square feet and include a mix of retail, office, and light industrial components.

Empire State Building. Courtesy of Empire State Realty Trust

New Tenant Amenities at The Empire State Building to Debut in 2023

7:30 am on July 29, 2022 By Sebastian Morris

The Empire State Building has joined the race to attract new commercial tenants who demand an amenitized building for the next generation of workers. In an announcement from Empire State Realty Trust, current owners of the iconic property, the building’s amenity offering will be expanded to include a town hall meeting space for up to 400 people, a basketball court, a lounge, food and bar service, and an additional lounge with two golf simulators.

Schwarzman Animal Medical Center’s Expansion Progresses at 510 East 62nd Street on Manhattan’s Upper East Side

7:30 am on July 25, 2022 By Michael Young

Renovation and expansion work is underway on Schwarzman Animal Medical Center, a ten-story veterinary hospital at 510 East 62nd Street on Manhattan’s Upper East Side. Designed by Perkins + Will, the $70 million non-profit project was funded by the Langone and Tisch families, Annette de la Renta, and public campaigning, and will add 11,000 square feet to the existing 26,000-square-foot, 113-year-old structure. The property is bound by the FDR Drive to the east, East 61st Street to the south, York Avenue to the west, and East 62nd Street to the north.

View of 45 East 53rd Street - Courtesy of Newmark

Joint Venture Secures $175M to Purchase and Renovate 45 East 53rd Street in Midtown, Manhattan

7:00 am on July 25, 2022 By Sebastian Morris

Newmark, a global real estate services company, has successfully arranged $175 million in capitalization to facilitate a major renovation of 45 East 53rd Street in Midtown, Manhattan. Located in the Plaza District, the building once operated as the New York headquarters for Santander Bank, but sold in April to ZG Capital and Rialto Capital Management.

417 Park Avenue Readies for Excavation in Midtown East, Manhattan

7:30 am on July 24, 2022 By Michael Young

Excavation is set to begin at 417 Park Avenue, site of a 220,000-square-foot office tower in Midtown East. The project is being developed by GDS Development (GDSNY) and Klövern AB, which acquired the property for $184 million and are also building on an adjacent plot to the south at 409 Park Avenue. The plot is located at the corner of Park Avenue and East 55th Street and will rise with a floor area ratio of 25 under the Midtown East Rezoning regulations.

Rendering of Union Square Tech Training Center at 124 East 14th Street

Laurel Road Joins ‘Zero Irving’ at 124 East 14th Street in Union Square, Manhattan

7:00 am on July 24, 2022 By Sebastian Morris

Laurel Road is the latest office tenant to join Zero Irving, a 21-story mixed-use tower at 124 East 14th Street near Union Square in Manhattan. The digital financial services company will occupy a 15,240-square-foot suite on the building’s 11th floor.

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