Eretz Group has acquired the 10-story, 170,000 square-foot office and retail building at 224 West 57th Street — across from Extell’s planned Nordstrom Tower, in Midtown — for $213.8 million. The building is landmarked, and after being acquired for $85 million in 2010, it underwent a $50 million renovation designed by Tirmizi Campbell. Per The Real Deal, the non-profit Open Society Foundations currently leases a majority of the building.
In January, Brownstoner reported that the new two-story Whole Foods building had topped out at 242 Bedford Avenue in Williamsburg, and now Gothamist has the latest with photos of façade installation. The 50,000 square-foot building appears to have received a redesign, which notably includes a cleaner and more modern glass envelope. Aurora Capital Associates and Midtown Equities is developing, and completion is opening is expected in Spring of 2016.
While Extell has avoided posting any information on-site or online for 217 West 57th Street, YIMBY has brought you two sets of plans for the building, with the most recently obtained versions (dated June of 2014) depicting a 1,795-foot pinnacle. We have now obtained an official rendering Extell is using for the project, dated from this March, confirming it will look almost identical to both versions previously revealed by YIMBY as well as the image of the tower created in-house at Smith + Gill.
Normandy Real Estate Partners and Princeton Holdings LLC have acquired the 160,000 square-foot low-rise industrial property at 333 Johnson Avenue in East Williamsburg for $26.75 million. The complex will be converted into a mixed-use commercial complex, featuring offices and retail. DNAinfo also reports the inclusion of a 40,000 square feet of outdoor space, and completion is expected in early 2016.
The Hudson Yards project has taken decades to get off the ground, but construction is well underway on the site’s first few buildings, with the superstructure for 10 Hudson Yards already making an impact on the skyline. While the Eastern railyards will be impressive in their own right, the Western railyards are a bit further down the development pipeline, but Related has created a new set of conceptual towers that illustrate their potential, posted in an update to the Hudson Yards website.