Restoration work on the Equitable Building, aka 120 Broadway, is complete. The historic 104-year-old Beaux Arts skyscraper underwent a two-year, $50 million renovation and recently celebrated the opening of the Bankers Club. The 20,000-square foot space is located on the 40th floor of the 1.9 million-square-foot commercial office building and features an 8,000-square-foot indoor lounge, a cafe, a food hall, and a large, newly built outdoor landscaped rooftop deck for tenants. Beyer Blinder Belle is the design team, while Silverstein Properties is responsible for financing the Financial District project.
Construction is close to topping out at Second Farms, a new 15-story affordable housing development at 1932 Bryant Avenue in the West Farms neighborhood of The Bronx. With ardent support from local officials and community members, the project is part of a major redevelopment plan from the Archdiocese of New York City to modernize and reinvigorate West Farms, including the creation of up to 2,000 affordable and low-income housing properties.
Work on Virgin Hotel‘s reflective glass curtain wall is making quick progress at 1225 Broadway in NoMad. Designed by Stantec, the 476-foot-tall superstructure topped out in February, and over the past months the envelope has climbed closer to the building’s pinnacle. The tower will feature 300,000 square feet of newly built space, of which most will be occupied by its 460 hotel rooms. The lower podium floors will contain 90,000 square feet of retail. Lam Group is the developer of the property, and Sir Richard Branson of Virgin Group will be in charge of managing the hotel.
Developers recently celebrated the commencement of construction at 36 Jones Street in central Jersey City. Located just south of the Journal Square’s major transportation plaza, the five-story building will eventually contain ten apartments, amenity space, and approximately 900 square feet of ground floor retail.
The Westchester County Industrial Development Agency (IDA) recently approved Toll Brothers‘ $32 million acquisition of development rights and financial incentives for The Collection, a mixed-use development on the eastern edge of downtown White Plains.