Melio is the first company to join Zero Irving, Union Square’s vertical technology campus and small business incubator. The fintech firm’s new office space will occupy 25,000 square feet spread across the building’s 15th and 16th floors.
Demolition work is ramping up at 343 Madison Avenue, the site of a 1,050-foot commercial supertall in Midtown East and number seven on our end-of-year countdown. Designed by Kohn Pedersen Fox and developed by Boston Properties, the 55-story structure will rise from a 25,000-square-foot rectangular site between East 44th and 45th Streets that is currently occupied by a 15-story building that formerly housed the Metropolitan Transportation Authority headquarters. The new tower will yield 832,613 square feet of office space, 5,357 square feet of retail space, and 5,357 square feet of subterranean circulation paths to Grand Central Terminal and the future East Side Access project. Rezoning plans for 343 Madison Avenue were approved by the City Council in mid November.
Excavation is continuing at 262 Fifth Avenue, the site of a proposed 1,043-foot residential supertall in NoMad and number eight on our year-end construction countdown. Designed by Russian-based firm Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project, LLC, the 60-story tower will yield 139,168 square feet of residential space divided into 41 residential units and 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management, LLC is the general contractor for the property, which is located at the corner of Fifth Avenue and West 29th Street.
Curtain wall installation is wrapping up on The Spiral, a 1,041-foot commercial supertall at 66 Hudson Boulevard in Hudson Yards and number nine on our construction countdown. Designed by Bjarke Ingels Group and developed by Tishman Speyer, the 66-story structure will yield 2.85 million square feet of office space and is expected to cost nearly $3.7 billion. Turner Construction Company is the general contractor, Banker Steel provided the steel work, and Permasteelisa is serving as the contractor for the reflective floor-to-ceiling glass enclosure for the property, which takes up a full city block between Tenth and Eleventh Avenues and 34th and 35th Streets.
Cammeby’s International Group and Rybak Development have revealed the next phase of construction for Neptune/Sixth, an expanding mixed-use community in the heart of Coney Island. Located at 532 Neptune Avenue, this next phase will see the completion of three individual towers comprising a mix of apartments, amenities, ground-floor commercial space, community facilities, and 535 parking spaces.
