Demolition permits have been filed for the 12-story commercial building that houses the flagship Rolex at 665 Fifth Avenue in Midtown, Manhattan. Owned by the Rolex Realty Company LLC, the 11,050-square-foot site will soon house the Rolex headquarters in a 25-story tower designed by David Chipperfield Architects.
Work is nearing completion on One Wall Street, the largest office-to-residential conversion project in New York City’s history. Developed by Macklowe Properties, the 21st century overhaul is expected to cost around $1.5 billion, transforming the 90-year-old, 564-foot-tall Art Deco skyscraper with a multi-story addition designed by SLCE Architects as well as a 44,000-square-foot Whole Foods Market and a Life Time fitness center on the lower levels. The Financial District property will yield 566 new units with sales handled and marketed by Compass.
Construction has topped out on 141 East Houston Street, a ten-story mixed-use office building on Manhattan’s Lower East Side. Designed by Roger Ferris + Partners and developed by East End Capital and K Property Group, the 68,000-square-foot structure will yield office space as well as retail on the ground floor and two cellar levels. The property is located between Forsyth Street to the west and Eldridge Street to the east on a plot that was formerly occupied by the Sunshine Cinema.
Excavation has begun at 27-19 Thomson Avenue, the site of a ten-story, 30-unit building in Long Island City, Queens. Designed by Thomson Development LLC with Warner Construction Services Inc. handling construction, the 28,051-square-foot property will yield 23,012 square feet of residential space and 5,039 square feet of lower-level retail. The 116-foot-tall structure will rise from a 3,600-square-foot plot bound by Thomson Avenue to the south and 44th Drive to the northeast that was purchased for $6.85 million in 2018. Demolition of the site’s former low-rise occupant concluded in early 2019.
Curtain wall installation is wrapping up on One Bell Slip, a 31-story residential tower in Greenpoint, Brooklyn. Designed by Handel Architects and developed by Brookfield Property Partners and Park Tower Group, the 369-foot-tall structure will yield 413 units spread across 292,029 square feet, as well as 992 square feet of commercial space on the lower floors. The project is located at the corner of Bell Slip and Commercial Street along the Newtown Creek and East River waterfront, and is part of the massive Greenpoint Landing riverfront development.
