Demolition is complete at 570 Fifth Avenue, the site of a potential 1,101-foot mixed-use supertall in the Diamond District of Midtown, Manhattan. Developed by Extell, the project could either unfold as a 78-story, 1.4-million-square-foot hotel and condominium tower or as an 860-foot-tall, 47-story office skyscraper yielding more than 1.5 million square feet. ALBA Services was the demolition contractor for the property, which spans between West 46th and West 47th Streets.
415 Madison Avenue recently completed on-site demolition for an upcoming 40-story commercial skyscraper in Midtown East. Designed by Skidmore Owings & Merrill and owned by Rudin Management under the 415 Madison Avenue LLC, the 605-foot-tall replacement will yield a total of 343,100 square feet of new office space, a 350-square-foot ground-floor retail pavilion, and a 2,400-square-foot open-air public concourse. The ground-up project is being constructed in compliance with the East Midtown sub-district regulations, alongside the use of air rights that were previously purchased from the landmarked St. Bartholomew’s Church along Park Avenue. PAL Environmental Services served as the former general contractor but now AECOM Tishman is the new general contractor for the Midtown, Manhattan property, which is located at the corner of Madison Avenue and East 48th Street.
Exterior work nears completion on 555 Greenwich, a 16-story commercial building in Hudson Square. Designed by COOKFOX Architects and developed by Hudson Square Properties, a joint venture by Trinity Church Wall Street, Hines, and Norges Bank Investment Management, the 270,000-square-foot structure connects to the adjacent 345 Hudson Street via a horizontal overbuild to yield a combined 715,000 square feet of office space. Tishman Construction is the general contractor for the property, which is bound by King Street to the north, Charlton Street to the south, and Greenwich Street to the west.
Below-grade work is progressing at 25-01 Queens Plaza North, the site of a 26-story residential building in Long Island City, Queens. Designed by Handel Architects and developed by Grubb Properties, which purchased the property for $63 million in 2021, the 311-foot-tall structure will yield 417 units with 124 reserved for affordable housing, as well as 7,600 square feet of ground-floor retail space. 25-01 QPN Consigli Construction is the general contractor and King Contracting Group is responsible for brick and CMU installation at the project, which is located between Crescent and 27th Streets, directly adjacent to the elevated Queensboro Plaza station servicing the 7, N, and W trains.
Construction appears stalled at 255 West 34th Street, a 33-story hotel tower in Midtown, Manhattan, following a $481 million loan default by former developer The Chetrit Group late last year. Designed by Stonehill Taylor Architects, the 397-foot-tall structure was planned to yield 330 hotel rooms spread across 155,594 square feet. Flintlock Construction Services is the general contractor for the project, which is located between Seventh and Eighth Avenues on the southern edge of the Garment District.