Progress on the steel superstructure is moving quickly on the first of the Diller Scofidio + Renfro-designed pair of buildings on Columbia University’s new Manhattanville campus. These will be formally named the Henry R. Kravis Building and the Ronald O. Perelman Center for Business Innovation, and construction can easily seen from the nearby 125th Street subway station. The project will yield over 450,000 square feet of classrooms, faculty offices, lounge areas, and double-height spaces that will overlook outdoor green spaces.
The first floor slabs for a new Margaritavile Resort at 560 Seventh Avenue are beginning to rise above the crowded tourist-congested streets and sidewalks of Times Square. The 29-story building will sit at the intersection of Seventh Avenue and West 40th Street. Coming to the property will be a three-story restaurant, an outdoor swimming pool with plentiful seating and beach-themed motifs, and a rooftop bar called the LandShark Bar & Grill. Sharif El-Gamal of Soho Properties is developing the site along with MHP Real Estate Services. The cost to build is expected to be around $300 million.
Leasing is beginning this week for The Enclave, aka 675 Monmouth Street, an upcoming six-story rental property on the border of Jersey City and Hoboken. BNE Real Estate Group, Hoboken Brownstone Company, and McKinney Properties are the three developers while The Marketing Directors is in charge of leasing and marketing for the property’s 260 residences.
Amidst the ongoing evolution of the Manhattan skyline, one of the most notable recent changes has been the completion of the Midtown East rezoning, which has already resulted in the rise of One Vanderbilt. Now, with 270 Park Avenue and other projects already on the development boards, Vornado and Rudin Management’s plans for 350 Park Avenue have been fully revealed, depicting yet another supertall that would rise almost 1,500 feet to its pinnacle. While the architect has not been confirmed, YIMBY is strongly suspicious that the design is by Foster + Partners, the firm responsible for the nearly-complete 425 Park Avenue.
The condominium conversion and redevelopment of the landmarked Broad Exchange Building, aka 25 Broad Street, has officially wrapped, with sales now launching. The structure was designed by Clinton & Russell, and was once the largest office building in the Financial District and all of Manhattan, formerly serving as the headquarters of investment bank and stock brokerage firm Paine Webber. It was designated as a landmark in 2000. A total of 307 units will be created and be divided between 168 one-bedrooms, 135 two-bedrooms, and four penthouses. Prices will start from under $1 million and range from about $950 per square foot on the ground floor to $2,150 per square foot for the top floors, with LCOR serving as the site’s developer.