Office

1522 First Avenue’s Exterior Nears Completion on Manhattan’s Upper East Side

8:00 am on December 5, 2024 By Michael Young

The 27th-tallest building on our year-end construction countdown is 1522 First Avenue, a 30-story medical office building in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell, the 449-foot-tall structure will yield 400,000 square feet of Class A office space, as well as retail space on the ground floor and cellar levels. The Hospital for Special Surgery will serve as the anchor tenant, occupying 200,000 square feet across the first eight stories of the building. The property is alternately addressed as 403 East 79th Street and is located between East 79th and East 80th Streets.

Façade Work Continues on 125 West 57th Street in Midtown, Manhattan

8:00 am on December 4, 2024 By Michael Young and Matt Pruznick

At number 28 on our countdown of the tallest construction projects in New York is 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 420-foot-tall structure will span 260,000 square feet and yield 185,000 square feet of full-floor Class A office space, a dedicated amenities floor designed by Gensler, 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. The project is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc’s One57 and SHoP Architects’ 111 West 57th Street.

Photograph of 45 Main Street, courtesy of Two Trees Management

New Commercial Lease Signed At 45 Main Street In DUMBO, Brooklyn

6:30 am on November 27, 2024 By Max Gillespie

Constangy, Brooks, Smith & Prophete, LLP recently signed a new lease at 45 Main Street, a 12-story office building in DUMBO, Brooklyn. Managed by Two Trees, the property was constructed in 1912 and spans a full block bound by Water Street to the north, Front Street to the south, Washington Street to the east, and Main Street to the west. Office spaces are offered in flexible footprint and lease terms.

Rendering of 1345 Third Avenue, the Northwell Health Medical Pavilion

Façade Installation Continues on 1345 Third Avenue on Manhattan’s Upper East Side

7:30 am on November 26, 2024 By Michael Young and Matt Pruznick

Façade installation is continuing on the Victoria and Lloyd Goldman Health Care Pavilion, a 15-story medical facility for Lenox Hill Hospital at 1345 Third Avenue on Manhattan’s Upper East Side. Designed by Ennead Architects and developed by Northwell Health and The University Financing Foundation, the 215-foot-tall structure will yield 200,000 square feet of outpatient treatment space for specialized cancer care services, imaging and lab testing, cardiac care, neuroscience programs, a sleep study center, acute and chronic disease management, social work services, and more. The $450 million project is located in Lenox Hill between East 76th and 77th Street.

Rendering Revealed for 245 West 55th Street’s Expansion in Midtown, Manhattan

7:30 am on November 20, 2024 By Michael Young and Matt Pruznick

A new rendering has been revealed for 245 West 55th Street, an 18-story renovation and expansion in Midtown, Manhattan. Developed by New Jersey-based Mandelbaum & Mandelbaum under the 245 West 55th St LLC, the project involves the construction of six new stories above the roof parapet of the current 135-foot-tall mixed-use building, as well as the gut renovation of its 70,000 square feet of interiors and possible residential conversion of its commercial space. The site’s zoning also permits the structure’s renovation for boutique office use, though it is currently unclear which option the developer is pursuing. The property is located on an interior lot between Eighth Avenue and Broadway.

Photograph of 387 Park Avenue, via TF Cornerstone

Ten-Year Lease Extension Signed at 387 Park Avenue South In NoMad, Manhattan

6:30 am on November 20, 2024 By Max Gillespie

A new ten-year lease extension was recently signed by commerce media company Criteo at 387 Park Avenue South, a 13-story office building located in NoMad, Manhattan. Owned by TF Cornerstone, the building is currently at full occupancy.

Demolition Set to Begin at 156-166 Bowery in Nolita, Manhattan

7:30 am on November 17, 2024 By Michael Young and Matt Pruznick

Demolition preparations are underway at 156-166 Bowery, the site of a forthcoming seven-story commercial building in Nolita, Manhattan. Designed by Perkins + Will Architects and developed by Kinsman Property Group, a joint venture between Madison Group and State Building Group, the 85-foot-tall structure will yield 72,441 square feet of office space. The 15,000-square-foot property is currently occupied by seven vacant low-rise buildings by the corner of Bowery and Kenmare Street.

New Design Revealed For Stevens Institute Of Technology’s Davis Hall in Hoboken, New Jersey

8:00 am on November 7, 2024 By Michael Young and Matt Pruznick

New renderings have been revealed for the proposed design for Davis Hall, a 13-story educational and dormitory building for Stevens Institute of Technology in Hoboken, New Jersey. Designed by Davis Brody Bond, the 238,000-square-foot structure will replace the current four-story Davis Hall dormitory and will yield academic and research facilities along with student housing. The property is located along the eastern edge of the campus atop Castle Point at the confluence of Wittpenn Walk and Field House Road, adjacent to the 19- and 21-story University Center towers overlooking the Hudson River.

KPF’s 520 Fifth Avenue Supertall Tops Out Over Midtown, Manhattan

8:00 am on October 25, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 520 Fifth Avenue, an 88-story residential supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, the 1,002-foot-tall structure will span 415,000 square feet and yield 100 condominium units, a residents-only amenity floor on level 88, 25 boutique office floors, a private members-only club called Moss, and four cellar levels. The property is located at the corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

2440 Fulton Street Nears Completion in East New York, Brooklyn

8:00 am on October 19, 2024 By Michael Young and Matt Pruznick

Construction is wrapping up on 2440 Fulton Street, a five-story commercial building in East New York, Brooklyn. Designed by Marvel Designs and developed by The Leser Group along with the New York City Economic Development Corporation (NYEDC), the 400,000-square-foot structure will serve as the home of the New York City Department of Social Services’ (DSS) Human Resources Administration with Class A office space for more than 1,100 employees. The building will also offer 80,000 square feet of private-market commercial space, ground-floor retail space, and enclosed parking for 300 vehicles. The property was formerly occupied by a two-story school building that was demolished following the operating institutions’ relocation, and is bound by Fulton Street to the north, Herkimer Street to the south, and Van Sinderen Avenue to the east.

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