Retail

Foundations Underway For Rolex Headquarters at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on December 11, 2023 By Michael Young and Matt Pruznick

At number 21 on our annual year-end construction countdown is the Rolex headquarters, a 469-foot-tall commercial building at 665 Fifth Avenue in Midtown, Manhattan. Designed by David Chipperfield Architects with Adamson Associates as the architect of record and developed by the Rolex Realty Company, the 28-story structure will yield 199,000 square feet of office and retail space for the world-famous watchmaker. Pavarini McGovern is the general contractor for the property, which is located at the corner of Fifth Avenue and East 53rd Street.

7 Platt Street’s Foundations Reach Street Level in Manhattan’s Financial District

8:00 am on December 9, 2023 By Michael Young and Matt Pruznick

At number 23 on our annual countdown of the tallest projects underway in New York is 7 Platt Street, a 464-foot-tall mixed-use building in the Financial District of Lower Manhattan. Designed by Hill West Architects with interiors by Fogarty Finger and developed by The Moinian Group, the 37-story structure will span 267,760 square feet and yield 250 rental apartments with an average scope of 680 square feet, as well as 43,740 square feet of retail space on the first five stories and 34 below-grade parking spaces. Titanium Construction is the general contractor for the property, which is alternately addressed as 110 John Street and located on an interior lot bound by John Street to the north and Platt Street to the south.

15 Hanover Place Nears Completion in Downtown Brooklyn

8:00 am on December 8, 2023 By Michael Young and Matt Pruznick

The 24th-tallest building on our year-end construction countdown is 15 Hanover Place, a 463-foot-tall residential tower nearing completion in Downtown Brooklyn. Designed by Fogarty Finger and developed by Lonicera Partners, the 34-story structure will span 295,000 square feet and yield 314 apartments, with 95 reserved for affordable housing, as well as 9,000 square feet of ground-floor retail space. Rabina is the co-developer and Noble Construction Group is the general contractor for the property, which was formerly addressed as 23 Hanover Place and is located at the corner of Livingston Street and Hanover Place.

30-Story Medical Office Tower Continues Ascent at 1522 First Avenue On Manhattan’s Upper East Side

8:00 am on December 6, 2023 By Michael Young and Matt Pruznick

The 26th-tallest building on our annual year-end construction countdown is 1522 First Avenue, a 30-story medical office building rising in the Yorkville section of Manhattan’s Upper East Side. Designed by Perkins Eastman and developed by Extell Development Company, the 449-foot-tall structure will yield 400,000 square feet of Class A office space and 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. Ancora Engineering is the engineer of record and Lendlease is the general contractor for the project, which is alternately addressed as 403 East 79th Street and located between East 79th and 80th Streets.

Foundations Progress For Two-Tower Development at 1 Java Street in Greenpoint, Brooklyn

8:00 am on December 5, 2023 By Michael Young and Matt Pruznick

At number 27 on our annual construction countdown is 1 Java Street, a two-tower residential development along the East River in Greenpoint, Brooklyn. Designed by Marvel Architects and developed and built by Lendlease, which secured a $360 million construction loan at the end of 2022, the project will yield 834 rental units across the two structures, the taller of which will stand 37 stories and 402 feet tall. Aware Super is the joint developer, INC Architecture & Design is the interior designer for the public areas, and Crème is the interior designer for the townhouse units at the complex, which is alternately addressed as 18 India Street and occupies a full block bound by India Street to the north, Java Street to the south, West Street to the east, and the India Street pier over the East River to the west.

Construction Reaches Street Level at 18 West 55th Street in Midtown, Manhattan

7:30 am on December 5, 2023 By Michael Young and Matt Pruznick

Foundations have reached street level at 18 West 55th Street, the site of a 26-story residential building in Midtown, Manhattan. Designed by Morris Adjmi Architects and developed and built by Skyline Developers under the 18 West 55th Street LLC, which purchased the property for $83 million in 2017, the 289-foot-tall structure will span 152,084 square feet and yield 97 rental units with an average scope of 1,319 square feet, as well as 6,380 square feet of ground-floor commercial space and a 10,343-square-foot cellar level. The development sits on a formerly vacant interior lot next to the Peninsula Hotel between Fifth and Sixth Avenues.

125 West 57th Street Continues to Ascend in Midtown, Manhattan

8:00 am on December 4, 2023 By Michael Young and Matt Pruznick

The 28th-tallest building on our annual year-end construction countdown is 125 West 57th Street, a 26-story commercial building currently rising along Billionaires’ Row in Midtown, Manhattan. Designed by FXCollaborative and developed by Alchemy-ABR Investment Partners and Cain International, the 440-foot-tall structure will yield 260,000 square feet with 185,000 square feet of Class A office space, 7,000 square feet of retail space, and an updated home for the Calvary Baptist Church, which has operated on the site since 1883 and sold the land to the developers in 2017 for $150 million. Leading Builders Group is the general contractor for the property, which is located on an interior lot between Sixth and Seventh Avenues between Christian de Portzamparc‘s One57 and SHoP Architects‘ 111 West 57th Street.

25-01 Queens Plaza North Rises in Long Island City, Queens

7:30 am on December 4, 2023 By Michael Young and Matt Pruznick

Construction is rising on 25-01 Queens Plaza North, a 26-story residential building in Long Island City, Queens. Designed by Handel Architects and developed by Grubb Properties, which purchased the property for $63 million in 2021, the 311-foot-tall structure will yield 417 rental units with 124 reserved for affordable housing, as well as 7,600 square feet of ground-floor retail space. 25-01 QPN Consigli Construction is the general contractor and King Contracting Group will be responsible for installing nearly 12,5000 square feet of bricks and CMU blocks for the project, which is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station servicing the 7, N, and W trains.

Façade Installation Takes Shape on 2-20 and 2-21 Malt Drive in Hunters Point, Queens

8:00 am on December 3, 2023 By Michael Young and Matt Pruznick

At number 29 on our year-end countdown is 2-20 and 2-21 Malt Drive, a three-tower complex in the Hunters Point South master plan in Hunters Point, Queens. Designed by SLCE Architects and developed by TF Cornerstone, the development consists of a 34-story, 390-foot-tall structure with 575 units at 2-20 Malt Drive and a two-tower building at 2-21 Malt Dive with a 38-story, 440-foot-tall tower and a 25-story, 310-foot-tall sibling collectively housing 811 units. The project will span 1.43 million square feet and yield nearly 1,400 total units, with 30 percent designated for affordable housing, as well as around 25,000 square feet of retail space. Scape is the landscape architect and Bud North LLC and Bud South LLC are the general contractors for 2-21 and 2-20 Malt Drive, respectively, which will rise from a subdivided plot bound by 54th Avenue to the north, Newton Creek to the south, and 2nd Street to the west.

Evening rendering of Terminal Warehouse in West Chelsea - Credit COOKFOX

YIMBY Tours Terminal Warehouse At 261 Eleventh Avenue in West Chelsea, Manhattan

8:00 am on November 30, 2023 By Michael Young

YIMBY recently went on a tour of Terminal Warehouse at 261 Eleventh Avenue in West Chelsea, Manhattan. The original 132-year-old George Mallory-designed structure is being extensively renovated and now features a new six-story office pavilion designed by COOKFOX Architects and redeveloped by L&L Holding Company, Columbia Property Trust, and Cannon Hill Capital Partners. New Line Structures & Development is the general contractor for the 1.3-million square foot development, which will cost $2 billion-plus, stand 13 stories tall, and yield new Class A office suites, around 100,000 square feet of new outdoor green space including 29 private terraces and a central courtyard, ground-floor retail space, and multiple dining options. Cushman & Wakefield is the exclusive listing agent for both office and retail. Terminal Warehouse takes up a full city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and Hudson River to the west. Floor plates vary in size up to 160,000 square feet.

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