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.
Next on YIMBY’s Turkey Week update of stalled projects is 125 Greenwich Street, an 88-story residential skyscraper in the Financial District. Designed by Rafael Vinoly and originally developed by Bizzi & Partners, Cindat, New Valley, the Carlton Group, and Shvo, the 912-foot-tall structure has lingered at near-completion since late 2019. The tower was planned to yield 273 condominium units with interiors by March & White and marketing led by Douglas Elliman. Plaza Construction is the general contractor for the property, which is located at the corner of Greenwich and Thames Streets, just downtown from the World Trade Center complex.
Construction appears stalled on 79 Eldridge Street, a 14-story hotel building on Manhattan’s Lower East Side. Designed by Ellipses Design and developed by DLC Development, Inc., the structure is planned to yield 48 rooms and a 1,243-square-foot common space. Triborough Construction Services is the general contractor for the property, which is located between Grand and Hester Streets.
Kicking off our annual Turkey Week rundown of notable stalled projects is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane along the border of Lower Manhattan’s Financial District and the South Street Seaport District. Designed by Hill West Architects and developed by Fortis Property Group, the 670-foot-tall tower has been on hold since sometime in late 2020, and its future remains uncertain. The 200,000-square-foot structure is planned to yield 80 units with interiors by Groves & Co. Ray Builders was the latest contractor for the property, which is located on a narrow rectangular site bound by South Street and Maiden Lane.
Construction is complete on The Anable, an eight-story residential building at 10-64 Jackson Avenue in Long Island City, Queens. Designed by Zproekt and developed by BK Developers, the structure yields 22 homes in one- to three-bedroom layouts including duplexes spanning over 1,400 square feet, as well as ground-floor retail space. Modern Spaces in charge of leasing and marketing for the property, which is bound by Jackson Avenue to the north and 50th Avenue to the south.