Demolition has concluded at 417 Park Avenue, the site of a 220,000-square-foot office tower in Midtown East. Developed by GDS Development (GDSNY) and Klövern AB, which paid $184 million for the property, the building will rise from the corner of Park Avenue and East 55th Street with a floor area ratio of 25 under Midtown East Rezoning regulations.
Construction is nearing completion on NYU‘s campus expansion at 181 Mercer Street in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the 735,000-square-foot complex consists of three towers rising from a full-block podium between Houston, Mercer, and Bleecker Streets and I.M. Pei’s University Village complex. The project is the culmination of over a decade of proposals, planning, and building that dates back to the mid 2000s. Turner Construction Company is the general contractor for the development, which is aiming for LEED gold certification.
Work continues to wrap up on 425 Park Avenue, a 47-story commercial skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 897-foot-tall structure will yield 667,000 square feet of office space and a ground-floor restaurant run by world-renowned Chef Daniel Humm, proprietor of the three Michelin-starred Eleven Madison Park.
SJP Properties and Scotto Properties have revealed the first new renderings of Valley National Bank’s new headquarters in Morristown, New Jersey. Located along Speedwell Avenue near Cattano Avenue, the building will replace several vacant commercial properties where demolition has already begun.
Construction is complete on the steel and glass garden canopy at 550 Madison Avenue, a 684-foot-tall landmarked skyscraper in Midtown East. The triple-height framework is designed by Snøhetta with AECOM Tishman as the general contractor, and is part of a 21,000-square-foot indoor-outdoor renovation of the 38-year-old postmodern office building by The Olayan Group and RXR Realty, along with a revamped lobby designed by Gensler that was completed late last year. The developers are aiming to achieve LEED Platinum and WELL Gold certifications for the building, which is located between East 55th and 56th Streets.
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