Rendering of 625 Madison, courtesy of Related Companies.

Foundations Underway for 684-Foot Office Skyscraper at 625 Madison Avenue in Midtown, Manhattan

Foundation work has begun at 625 Madison Avenue, the site of a 34-story commercial skyscraper in the Plaza District of Midtown, Manhattan. Designed by Foster + Partners and Gensler and developed in a partnership between Related Companies and Andrew Mathias, the 684-foot-tall structure will yield 858,500 square feet of carbon-neutral office space. Both of these figures are a substantial departure from previous plans, which called for a 1,264-foot residential supertall. The property is located between East 58th and 59th Streets, between the Plaza District office core and Billionaires’ Row residential corridor.

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65 Franklin Street Rises Above Grade In Tribeca, Manhattan

Construction is rising on 65 Franklin Street, a 24-story residential building in Tribeca, Manhattan. Designed by COOKFOX Architects and developed by Sky Equity Group under the 65 Franklin LLC, the 293-foot-tall structure will span 235,000 square feet and yield 106 condominium units in one- to five-bedroom layouts. The project will also include 17,000 square feet of commercial space on the first two floors, a private porte-cochère entrance, and a 24-space parking garage in the cellar. The property is located at the southeast corner of Franklin Street and Broadway.

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Housing Lottery Launches for 2838-2840 Webb Avenue in Kingsbridge, The Bronx

The affordable housing lottery has launched for 2838-2840 Webb Avenue, two four-story residential buildings in Kingsbridge, The Bronx. Designed by Badaly Architects and developed by Eric Delafraz under the Webb Avenue 1 LLC, the structures yield 16 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $106,903 to $238,160.

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$200 Million Redevelopment Of 460 Park Avenue Begins In Midtown East, Manhattan

A $200 million redevelopment is underway at 460 Park Avenue, a 22-story office building in Midtown East, Manhattan. Designed by Skidmore, Owings & Merrill and developed by the Hahn Kook Center (U.S.A.), Inc., an affiliate of the Korea International Trade Association, the project will strip the mid-century structure to its original steel frame and rebuild it with new infrastructure, bringing a 350,000-square-foot block of office space to the Park Avenue market. The redevelopment will also include a double-height lobby, a multi-floor amenity suite, and a series of terraces and outdoor spaces. The property is located at the northwest corner of Park Avenue and East 57th Street.

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