Architecture

115 East 55th Street Completes Construction in Midtown East, Manhattan

7:30 am on July 19, 2022 By Michael Young

Construction is complete on 115 East 55th Street, an 18-story residential building in Midtown East. Designed by SLCE Architects for Zeckendorf Development, the 185-foot-tall structure yields 71,961 square feet and 58 units. CM & Associates Construction Management served as the general contractor for the Midtown property, which is located on a relatively small plot between Lexington and Park Avenues, directly to the east of Norman Foster‘s 425 Park Avenue.

YIMBY’s 2022 Q2 Report Reveals Sustained Filing Volume from April Through June in New York City

8:00 am on July 18, 2022 By Vitali Ogorodnikov

Figures for new construction permit filings for New York City for the second quarter of 2022 are in, and YIMBY’s latest analysis reveals that a number of positive trends emergent in the year’s first quarter have continued at a sustained pace. During the period spanning April, May, and June, the Department of Buildings registered permit filings for a combined total of around 13.1 million square feet, which, among other uses, includes 9,997 residential and hotel rooms. Although the square footage of the average filing is slightly smaller compared to the first quarter, the 857 new permits filed in the second quarter almost exactly match the total of 862 filings in the previous quarter, with both figures substantially exceeding quarterly averages from the previous year. Below we share a detailed analysis of the aggregated permit data. The full data set on which we based our research is available with a subscription to YIMBY’s Building Wire service.

Demolition Nears Ground Level at 123 West 57th Street in Midtown, Manhattan

7:00 am on July 18, 2022 By Michael Young

Demolition is moving along rapidly at 123 West 57th Street, the site of a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Alchemy Properties and ABR Partners closed a $120 million deal to purchase the Midtown property from Calvary Baptist Church. ABR Partners’ equity partner, Cain International, had brought on Security Benefit Life as the new lender for the project, which will yield 185,000 square feet of office space and is estimated to cost $350 million. The property is located on a plot bound by West 57th Street to the south, West 58th Street to the north, Sixth Avenue to the east, and Seventh Avenue to the west.

Exterior Work Wraps on NYU’s Expansion at 181 Mercer Street in Greenwich Village, Manhattan

8:00 am on July 17, 2022 By Michael Young

Construction is nearing completion on 181 Mercer Street, NYU‘s expansion in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the three-tower structure will yield 735,000 square feet and is expected to achieve LEED gold certification. Turner Construction Company is the general contractor for the property, which occupies a full block between Houston, Mercer, and Bleecker Streets and I.M. Pei’s University Village complex. The project is the culmination of more than a decade of planning and underwent numerous design changes before ground broke in 2018.

Demolition Underway at 405 Park Avenue in Midtown East, Manhattan

7:30 am on July 17, 2022 By Michael Young

Demolition work is ramping up at 405 Park Avenue, the site of a potential skyscraper in Midtown East, Manhattan. Original plans from several years ago called for a renovation that would have added several floors to the existing 17-story structure, but full demolition permits were filed in January 2021. MRP Realty is the owner and Titan Industrial SVC Corp. is serving as the demolition contractor for the property, which is located at the corner of Park Avenue and East 54th Street.

Excavation Underway for 360 Bowery Office Tower in NoHo, Manhattan

8:00 am on July 16, 2022 By Michael Young

Excavation and foundation work are in full swing at 360 Bowery, the site of a 22-story commercial building in Noho, Manhattan. Designed by Morris Adjmi Architects and developed by AECOM-Canyon Partners under the ACEF-CBSKI 360 Bowery LLC, the 275-foot-tall structure will yield 112,617 square feet with 72,151 square feet of office space, 26,637 square feet of community facility space, and a cellar. SK Development of CBSK Ironstate are the owners and CM & Associates is the general contractor for the property, which is located at the corner of Bowery and East 4th Street.

50 West 66th Street site, image by Extell

Construction Resumes on Extell’s 50 West 66th Street Skyscraper on Manhattan’s Upper West Side

8:00 am on July 15, 2022 By Michael Young

Construction has resumed on 50 West 66th Street, a 69-story, 775-foot-tall residential skyscraper on Manhattan’s Upper West Side. Designed by Snøhetta and developed by Extell Development Company, the tower will yield 127 condominium units and claim the title of the tallest building north of 59th Street. YIMBY last reported that global investment entity Tennor Holding B.V. will help complete the edifice, which is being built on a plot located between Central Park West to the east, the intersection of Broadway and Columbus Avenue to the west, West 65th Street to the south, and West 66th Street to the north.

425 Grand Concourse Completes Construction in Mott Haven, The Bronx

8:00 am on July 14, 2022 By Michael Young

Construction is complete on 425 Grand Concourse, a 26-story mixed-use building in Mott Haven, The Bronx and one of the largest Passive House structures in the city. Designed by Dattner Architects and developed by Trinity Financial and MBD Community Housing Corporation, the 310,000-square-foot project yields 277 residential units, with 248 units for residents earning 30 to 130 percent of the area median income, as well as a supermarket, a community health center, a cultural center, and a 30,000-square-foot educational facility for CUNY’s Hostos Community College. Monadnock Construction served as the general contractor for the development, which is located between Grand Concourse to the east, East 144th Street to the south, Walton Avenue to the west, and Evelina Antonetty Playground and Hostos Community College to the immediate north.

Excavation, Foundations Underway at 1 Park Row in Financial District, Manhattan

8:00 am on July 13, 2022 By Michael Young

Demolition is complete and below-grade work has commenced at 1 Park Row, site of a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Los Angeles-based Parkview Financial last summer, the 103,000-square-foot structure will yield 58 condominiums in one-, two-, and three-bedroom configurations, along with 19,000 square feet of commercial office and retail space on the lower levels. MJM Associates Construction is the general contractor and 1 Park Row Development LLC is the owner of the property, which sits at the intersection of Park Row and Ann Street. Ancora Engineering is in charge of the support of excavation (S.O.E.) and foundations.

Excavation Continues for Kohn Pedersen Fox’s 520 Fifth Avenue Supertall in Midtown, Manhattan

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

Excavation continues at 520 Fifth Avenue, the site of a 76-story mixed-use supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox for Rabina, which took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the slender 995-foot-tall skyscraper will yield 507,608 square feet with 98 residential units, commercial space, and four cellar levels. Suffolk Construction is the general contractor for the property, which is located at the corner of Fifth Avenue and West 43rd Street.

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