Articles by Michael Young

Disney Headquarters Tops Out at 4 Hudson Square in Hudson Square, Manhattan

7:30 am on April 13, 2022 By Michael Young

Construction has topped out on Four Hudson Square, The Walt Disney Company’s new 22-story headquarters in Hudson Square. Designed by Skidmore, Owings & Merrill and developed by Silverstein Properties, the 338-foot-tall building will yield 1.2 million square feet of offices, film and production studios, and ground-floor retail space. Lendlease is the contractor for the property, which is alternatively addressed as 137 Varick Street and occupies a full-block parcel bound by Varick Street to the east, Spring Street to the south, Hudson Street to the west, and Vandam Street to the north.

Below-Grade Work Ramps Up for Tribeca Rebel at 65 Franklin Street in Tribeca, Manhattan

8:00 am on April 12, 2022 By Michael Young

Below-grade work is continuing at 65 Franklin Street, the site of Tribeca Rebel, a 19-story residential building in Tribeca. Designed by CetraRuddy Architecture and developed by HAP Investment Developers, which secured $94 million in construction financing from G4 Capital Partners, the 210-foot-tall structure will yield 101,000 square feet with 40 condominiums and around 2,500 square feet of ground-floor retail space. Nest Seekers Development Marketing is in charge of sales and marketing with pricing ranging from $2 million to $20 million. Noble Construction Group is the general contractor for the property, which is located at the corner of Broadway and Franklin Street.

Waldorf Astoria Renovation and Partial Residential Conversion Progresses in Midtown East, Manhattan

8:00 am on April 11, 2022 By Michael Young

Work continues to progress on the renovation and partial residential conversion of the Waldorf Astoria at 305 Park Avenue in Midtown East. Developed by Andrew Miller of Dajia US, the project is dubbed “The Towers of the Waldorf Astoria” and will yield 375 residences designed by Skidmore Owings & Merrill and Jean-Louis Deniot that range from studios to sprawling penthouses, as well as an extensive amenity offering. Douglas Elliman Development Marketing is handling sales and marketing of the units, Suffolk Construction Corporation is the general contractor, Pierre-Yves Rochon is in charge of the revamped hotel interiors, and Simon de Pury is the residential art curator for the 625-foot-tall Art Deco landmark, which occupies a full city block bound by Park Avenue to the west, East 49th Street to the south, East 50th Street to the north, and Lexington Avenue to the east.

7 West 57th Street Completes Construction on Billionaires’ Row in Midtown, Manhattan

7:30 am on April 11, 2022 By Michael Young

Construction is complete on 7 West 57th Street, a 20-story residential building on Billionaires’ Row in Midtown, Manhattan. Designed by Hill West Architects and developed by The Soloviev Group, the 237-foot-tall structure yields 15 full-floor two-bedroom condominiums with marketing and sales led by Corcoran Sunshine Marketing Group. There are two model residences designed by Calvin Tsao at the property, which is located between Fifth and Sixth Avenues directly to the east of the 50-story SOM-designed 9 West 57th Street.

799 Broadway Completes Construction in Greenwich Village, Manhattan

8:00 am on April 10, 2022 By Michael Young

Construction is complete on 799 Broadway, a 12-story commercial building in Greenwich Village. Designed by Perkins + Will and developed by Columbia Property Trust, the 182-foot-tall structure yields 180,000 square feet of office space marketed by JLL. Consigli Construction Co. served as the general contractor for the project, which is located at the intersection of Broadway and East 11th Street.

Pace University Tower’s Foundations Take Shape at 15 Beekman Street in Financial District, Manhattan

7:30 am on April 10, 2022 By Michael Young

Below-grade work is continuing at 15 Beekman Street, the site of a 27-story academic center and dormitory for Pace University in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall structure will yield 213,084 square feet of classrooms, dorm rooms, a dining facility, a library, and a learning center. The building will also have a cellar, sub-cellar, and a 20-foot-long rear yard. New Line Structures & Development LLC is the general contractor for the property, which is located at the corner of Beekman and Nassau Streets and is alternatively addressed as 126-132 Nassau Street.

Pilings and Excavation Continue at 625 Fulton Street in Downtown Brooklyn

8:00 am on April 9, 2022 By Michael Young

Below-grade work is continuing to progress at 625 Fulton Street, the site of a planned 35-story tower in Downtown Brooklyn. Designed by Fischer Rasmussen Whitefield Architects and developed by Rabsky Group, which closed on $450 million in construction financing from Madison Realty Capital, the building will yield 1,098 units, 26,000 square feet of retail space, and a parking garage for up to 250 vehicles. The project has gone through numerous design iterations since its conception, including work by Skidmore Owings & Merrill, and is located on a plot bound by Fulton Street to the south, Hudson Avenue to the west, Rockwell Place to the east, and the 34-story 80 DeKalb Avenue to the north.

Closings Underway for SHoP Architects’ 111 West 57th Street in Midtown, Manhattan

8:00 am on April 8, 2022 By Michael Young

Closings have begun for the 46 condominium units within the main tower of 111 West 57th Street, a 1,428-foot residential supertall in Midtown. Designed by SHoP Architects and developed by JDS Development, Property Markets Group, and Spruce Capital Partners, the 84-story edifice stands as the world’s most slender building. Studio Sofield is the interior designer and The Corcoran Group is leading sales and marketing for the residences, which also include 14 homes within the restored Steinway Hall building in the podium. WSP is the structural engineer, RWDI consulted with the design of the 800-ton tuned mass damper, Jaros, Baum & Bolles is the MEP engineer, R&R Scaffolding Ltd. provided the building maintenance unit (BMU) sitting atop the crown, and BuroHappold Engineering is the façade consultant for the project, which is located between Sixth and Seventh Avenues on Billionaires’ Row.

Demolition Begins for Rolex Headquarters at 665 Fifth Avenue in Midtown, Manhattan

8:00 am on April 7, 2022 By Michael Young

Demolition has begun on 665 Fifth Avenue, where Rolex is replacing its former 12-story International Style headquarters with a modern 21-story tower in Midtown. Designed by David Chipperfield Architects and developed by Rolex Realty Company LLC, the new building will feature office space and retail frontage. Howard I. Shapiro & Associates filed permits last summer for the project, which is located on an 11,050-square-foot parcel at the intersection of Fifth Avenue and East 53rd Street.

The XI Prepares to Resume Construction at 76 Eleventh Avenue in Chelsea, Manhattan

8:00 am on April 6, 2022 By Michael Young

Construction is set to resume on The XI, with a revised completion date of “Winter 2024” posted for the stalled two-tower mixed-use project at 76 Eleventh Avenue in Chelsea. Designed by Bjarke Ingels Group and developed by 76 Eleventh Avenue Property Owner LLC, the twisting 26- and 36-story structures have stood topped out and unfinished since late 2019, when reports of trouble began to surface about the former developer, HFZ Capital Group. In late 2021, Steve Witkoff purchased the property in a foreclosure sale for $900 million and partnered with Access Industries and Monroe Capital, and it now appears that the project is back on track, with an updated board at the property listing Suffolk Construction Corporation as the new general contractor, replacing Omnibuild. The full-block site is located adjacent to the High Line and is bound by Tenth Avenue to the east, West Street to the west, West 17th Street to the south, and West 18th Street to the north.

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Articles by Michael Young

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