Demolition is progressing on Rolex’s old 12-story International Style headquarters at 665 Fifth Avenue in Midtown to make way for a 25-story replacement. Designed by David Chipperfield Architects and developed by Rolex Realty Company, the new structure will feature a modern glass curtain wall and yield office and retail space for the iconic watchmaker. Titan Industrial SVC Corp. is the general contractor in charge of demolition at the property, which is located at the corner of Fifth Avenue and East 53rd Street.Read More
TF Cornerstone this week debuted Luminescence Market, the first grocery store to open within the Hunter’s Point South complex in Hunter’s Point, Queens. The store is located at the foot of 5203 Center Boulevard, a 52-story residential tower that overlooks the East River.
Demolition permits have been filed for a 32-foot-tall two-story building at 1484 First Avenue in the Lenox Hill enclave of the Upper East Side. The 13,600-square-foot property is owned by Menahem Chukroon, founder of Brooklyn North Capital.
The affordable housing lottery has launched for 33-19 103rd Street, a four-story residential building in Corona, Queens. Recently renovated, the structure yields four residences in 3,790 square feet. Available on NYC Housing Connect are two units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,429 to $215,150.
The final building on YIMBY’s Turkey Week rundown of stalled projects is 3 West 29th Street, a 34-story commercial skyscraper in NoMad. Originally designed by Bjarke Ingels Group and developed by HFZ Capital Group, the structure was planned to rise 551 feet tall and yield 600,000 square feet of office space, but work has failed to progress beyond the early stages of excavation. Pavarini McGovern is the general contractor for the property, which is located between Fifth and Sixth Avenues.