Retail

Margaritaville Resort Quickly Sprouts Above Street Level, in Times Square

7:30 am on June 29, 2019 By Michael Young

The upcoming 29-story Margaritaville Resort at 560 Seventh Avenue is rising above Times Square and has already reached its main setback. YIMBY last checked in on the project back in early May, when it had just begun to ascend above street level. Sharif El-Gamal of Soho Properties is developing the site along with MHP Real Estate Services, and Stonehill & Taylor Architects is the designer. There will be a three-story restaurant, an outdoor swimming pool with plentiful seating and beach-themed motifs, and a rooftop bar called the LandShark Bar & Grill. The projected price for the resort hotel is expected to be around $300 million.

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30 Journal Square

FAA Permits Submitted for 841-Foot-Tall Tower at 30 Journal Square, in Jersey City

7:30 am on June 28, 2019 By Michael Young

Permits have been submitted to the Federal Aviation Administration (FAA) for work on 30 Journal Square, a proposed 841-foot-tall mixed-use skyscraper in Jersey City. Located at the southern corner of Slip Avenue and Bergen Avenue, the project is being designed by Morris Adjmi Architects and developed by Kushner Companies, which acquired the site for $3.575 million in 2013. The permits filed are for work between December 2019 and December 2022, so activity at the site could begin by the end of the year.

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Extell’s Central Park Tower Approaches Topping Out, in Midtown

8:00 am on June 24, 2019 By Michael Young

New photographs of Central Park Tower, aka 217 West 57th Street, show the glass climbing even closer to the top of the tallest residential building in New York and the Western Hemisphere. The reinforced concrete structure will soon top out at 1,550 feet. The project is being designed by Adrian Smith + Gordon Gill and developed by Extell, which is expecting a project sellout of $4 billion. The Nordstrom retail component in the podium will open on October 24, 2019.

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YIMBY Reveals Interior Renovations of One Wall Street’s Red Room, in Financial District

8:00 am on June 23, 2019 By Michael Young

In the midst of the largest office-to-condo conversion in New York City history at One Wall Street, its famous Red Room is undergoing a 16-month-long renovation. Designed in 1931 by renowned muralist Hildreth Meière, the former banking hall’s walls and ceilings are lined with 8,911 square feet of oxblood, orange, and gold glass tile mosaic, some of which has become damaged over the years. The Red Room will likely serve as retail space when the building reopens, which is expected to be in 2021. Macklowe Properties is the developer of the $1.5 billion Financial District conversion and expansion. CORE is handling sales and marketing of the planned 566 housing units in the rest of the Ralph Walker-designed skyscraper. SLCE Architects is serving as the architect of record.

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