The Margaritaville Resort at 560 Seventh Avenue in Times Square has climbed to the pinnacle. Work on the curtain wall has also moved along quickly and is nearing the upper floors of the reinforced concrete superstructure. Designed by Stonehill & Taylor Architects and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the nearly $300 million project will help fulfill the booming demand for hotel space as tourism to New York City and areas like Times Square continues to rise. The 29-story tower is located at the corner of Seventh avenue and West 40th Street and will contain 234 rooms.
Window installation is underway at 232 East 54th Street, a topped-out residential building in Midtown East. Designed by Ismael Leyva Architects, the extruded square-shaped, reinforced concrete structure rises 420 feet tall and features a simple grid of windows on all four sides. Elk Investors was listed as the exclusive developer of the building, though ownership may have fully transferred to Mossanen Group and an LLC known as East 54th St. Properties, as per YIMBY’s previous updates on the construction site.
The Taystee Lab Building at 450 West 126th Street recently topped out in West Harlem. The 11-story structure comprises 350,000 square feet and will eventually contain a mix of Class A office space and state-of-the-art lab facilities. The Janus Property Group is responsible for development of the building, while LendLease served as construction manager.
A developer known as 307 Kent Associates is in pursuit of zoning map amendments to facilitate the construction of a nine-story mixed-use building in Williamsburg, Brooklyn. Located at 307 Kent Avenue, the property is currently occupied by a long-running, multipurpose event space known as Villain.
Construction on One Boerum Place in Downtown Brooklyn is getting close to topping out. The 21-story mixed-use condominium building is rising from a narrow triangular-shaped parcel bound by Boerum Place, Red Hook Lane, and Fulton Street. The project is designed by SLCE Architects and is being developed by Avery Hall Investments, Allegra Holdings, and Aria Development Group, which acquired a $165 million construction loan from Jutland Finance. The total cost is expected to be around $250 million.