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Rendering of One Madison Avenue Expansion. Designed by Kohn Pedersen Fox

One Madison Avenue’s Vertical Expansion Set to Begin in Flatiron District, Manhattan

A construction crane is now in position and ready for vertical progress on One Madison Avenue, a 27-story office tower expansion in Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the gut renovation of an existing eight-story building and structural addition above its roof level, bringing the structure up to 1.4 million square feet of Class A office space. The National Pension Service of Korea and Hines are also part of the development team and recently acquired $1.25 billion in construction financing for the property, which occupies a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South. The project team is aiming for both WELL and LEED Gold certification.

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Rendering of One Madison Avenue Expansion. Designed by Kohn Pedersen Fox

IBM Confirmed as Anchor Tenant for One Madison Avenue in Flatiron District, Manhattan

IBM will consolidate its New York City offices and relocate to One Madison Avenue, a commercial office tower renovation and expansion currently underway in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green Realty Corp, the project involves the construction of a 530,000-square-foot addition atop the original eight-story building, for a total of 1.4 million square feet of Class A office space.

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540 Fulton Street, designed by Marvel Architects

Work Continues on The Paxton’s Façade at 540 Fulton Street in Downtown Brooklyn

Façade work is continuing 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 structure will yield 330,000 square feet with 327 residential units, 71,844 square feet of commercial space, and 22,054 square feet of retail housed in the multi-story podium. YIMBY last reported that M.N.S. is handling sales and marketing for the homes, which are expected to range from studios to three-bedroom layouts. The property is located at the intersection of Flatbush Avenue and Fulton Street.

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141 Willoughby Street’s Façade Closes in on Roof Parapet in Downtown Brooklyn

Façade installation is nearing the roof parapet of 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 400,000-square-foot structure will yield a mix of Class A offices and lower-level retail space, and is expected to achieve LEED certification. Gilbane Building Company and Savcon are the general contractors, Thornton Tomasetti is the structural engineer, and AKF Group LLC is the MEP engineer of the property, which rises from a trapezoidal plot bound by Willoughby Street to the south, Gold Street to the west, and Flatbush Avenue Extension to the east.

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