Retail

One Wall Street’s Residential Conversion and Retail Addition Wraps Up in Financial District, Manhattan

8:00 am on November 16, 2021 By Michael Young

Work is wrapping up on One Wall Street, the largest office-to-residential conversion project in New York City’s history. Developed by Macklowe Properties, the 90-year-old, 564-foot-tall Art Deco building is undergoing a 21st century restoration and overhaul that will yield 566 new residential units, a 44,000-square-foot Whole Foods Market, and a four-floor 75,000-square-foot Life Time fitness center on the lower levels of the Financial District property. At the top of the mid-century annex is a multi-story addition that was designed by SLCE Architects. Compass Development Marketing Group is handling sales and marketing for the homes with the help of a sales gallery located within the Red Room on the ground floor. One Wall Street is bound by Broadway and Trinity Church to the west, Wall Street to the north, Exchange Place to the south, and New Street to the east. JT Magen is the general contractor for the complex project.

7 Dey Street Nears Completion in Financial District, Manhattan

8:00 am on November 15, 2021 By Michael Young

Construction is nearing completion on 7 Dey Street, a 34-story mixed-use tower in the Financial District. Formerly known as 185 Broadway, the 404-foot-tall structure is designed by FXCollaborative and developed by SL Green Realty and will yield 260,000 square feet and 209 rental units ranging from studios to three-bedroom layouts. Douglas Elliman Development Marketing is handling marketing and sales, and INC Architecture & Design is in charge of the interiors, which will come with three floors of amenities. Pavarini McGovern is the general contractor for the project, located at the corner of Broadway and Dey Street. The development was made possible thanks to un-utilized air rights SL Green purchased from the Metropolitan Transportation Authority (MTA).

540 Hudson Street Rises Above Street Level in Greenwich Village, Manhattan

7:30 am on November 15, 2021 By Michael Young

Construction on 540 Hudson Street is progressing as the seven-story, 63-foot-tall reinforced concrete superstructure begins to climb above the sidewalk scaffolding. William Gottlieb Real Estate is the developer and Titanium Construction Services is the general contractor of the Greenwich Village property, which is located at the corner of Hudson and Charles Streets. The residential and retail building is rising on what was once a vacant lot and before that a gas station and garage. The Landmarks Preservation Commission (LPC) approved the updated plans last December and BKSK Architects is adopting the original design that was first envisioned by Morris Adjmi Architects. The final result will be a 48,535-square-foot building with 6,000 square feet of retail space on the ground floor and cellar, and a total of 26 apartments.

Aerial rendering of 26 Van Reipen Avenue - NAMDAR Group; C3D Architecture

Namdar Group Closes on $96M Financing Package to Complete 26 Van Reipen Avenue in Jersey City

7:00 am on November 15, 2021 By Sebastian Morris

Namdar Group, a family-owned developer based in New York City, has closed on a $96 million financing package to complete a new high-rise residential building in Jersey City. The property is located at 26 Van Reipen Avenue and will eventually support a 27-story building with 235 rental apartments and ground-floor retail.

PENN 2’s Re-Cladding Underway at Two Penn Plaza in Midtown, Manhattan

8:00 am on November 12, 2021 By Michael Young

Work has begun on the re-cladding of PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown, Manhattan. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the replacement of the 53-year-old structure’s dark façade with a much lighter glass enclosure. The 412-foot-tall, 1.61-million-square-foot tower was originally designed by Charles Luckman Associates and stands along Seventh Avenue between West 31st and 33rd Streets, immediately to the east of Madison Square Garden. PENN 2 is one of several buildings in the Penn Station revitalization plan, which YIMBY covered in an article last week.

660 Fifth Avenue’s Re-cladding Continues in Midtown, Manhattan

8:00 am on November 10, 2021 By Michael Young

The new glass curtain wall continues to rise up the sides of 660 Fifth Avenue, a 39-story commercial building in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Brookfield Properties, the project involves interior renovations and the complete re-cladding of the 1957 office tower originally designed by Carson & Lundin. The 1.25 million-square-foot property is located along Fifth Avenue between West 52nd and 53rd Streets and was formerly addressed as 666 Fifth Avenue.

Aerial render of Queens Plaza Park looking west towards Manhattan, from The Durst Organization

Sven Completes Construction at 29-37 41st Avenue in Long Island City, Queens

8:00 am on November 8, 2021 By Michael Young

Construction is now complete on Sven, a 762-foot-tall skyscraper at 29-37 41st Avenue in Long Island City, Queens. Also known as Queens Plaza Park, the 67-story tower is designed by Handel Architects for The Durst Organization and will yield a total of 958 rental units with interiors designed by Selldorf Architects. Three hundred units are set aside as affordable housing. Hunter Roberts is the general contractor and Jaros, Baum & Bolles Engineering administered the mechanical systems for the project, which is bound by Northern Boulevard to the east, Queens Plaza North and Dutch Kills Green to the south, and 41st Avenue to the west.

125 West End Avenue’s New Façade Begins Installation on Manhattan’s Upper West Side

7:30 am on November 8, 2021 By Michael Young

Work is progressing on 125 West End Avenue, a conversion of an eight-story building into a 400,000-square-foot, state-of-the-art life sciences and research laboratory on Manhattan’s Upper West Side. Designed by Taconic Partners and Perkins+Will, the project involves interior renovations and the installation of a glass curtain wall. 125 West End Avenue was home to the Walt Disney/ABC broadcasting company since 1985, but had sat vacant since January. The structure was originally built as an automotive facility by Chrysler Motor Company and at one point was owned by the New York Times. Taconic and Nuveen Real Estate paid $230 million for the property in late 2019. CBRE is in charge of marketing and leasing the commercial office space, and JRM Construction Management, LLC is the general contractor for the project, which sits at the corner of West 66th Street and West End Avenue, a very short walk to Riverside Park South to the west.

The Benson Nears Completion at 1045 Madison Avenue in Carnegie Hill, Manhattan

8:00 am on November 7, 2021 By Michael Young

Construction is wrapping up on The Benson, an 18-story condominium building at 1045 Madison Avenue in the Carnegie Hill section of the Upper East Side. Designed by Peter Pennoyer and developed by The Naftali Group, the 210-foot-tall reinforced concrete structure will yield 16 residential units spread across 59,032 square feet, for an average of 3,700 square feet apiece, as well as 3,993 square feet of ground-floor retail space. The inventory of homes includes three penthouses, and the majority of the units feature full-floor layouts. Leeding Builders Group is the general contractor of the project, which is located between East 79th and East 80th Streets, a short walk from Central Park.

150 East 78th Street’s Brick and Limestone Exterior Wraps Up on Manhattan’s Upper East Side

8:00 am on November 6, 2021 By Michael Young

Exterior work is getting closer to completion on 150 East 78th Street, a 16-story residential building on Manhattan’s Upper East Side. Designed by Robert A. M. Stern Architects and developed by Midwood Investment & Development and EJS Group, the 205-foot-tall structure will yield 25 units in three- to five-bedroom layouts spread across 68,293 square feet as well as 3,739 square feet of ground-floor retail. Ismael Leyva Architects is the executive architect and residential layout designer for the project, which is located at the corner of East 78th Street and Lexington Avenue. Sales are underway and are being handled by Compass Development Marketing Group.

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