Construction Update

111 Wall Street’s Renovation Underway in Financial District, Manhattan

Work is underway on the re-cladding and renovation of 111 Wall Street, a 25-story commercial building in the Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, LLC, the project will also refresh the roughly 1.5-million-square-foot structure’s Class A office space, overhaul the infrastructure, expand its lobby, and add amenities designed by URBN Playground. Hunter Roberts Construction Group, LLC is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, Gouverneur Lane to the southwest, and South Street and the FDR Drive to the southeast. 111 Wall Street’s 21st century makeover is expected to cost $100 million.

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351 Marin Boulevard Wraps Up Construction in Jersey City, New Jersey

Occupancy is set to begin this week at 351 Marin Boulevard, a 38-story rental property in Jersey City’s Powerhouse Arts District. Designed by Hollwich Kushner and HLW Architects and developed by Kushner Real Estate Group (KRE) in a joint venture with Northwestern Mutual, the 406-foot-tall property yields 507 apartments enclosed in a sleek envelope of glass and warm-colored brick. The property is located on a rectangular parcel bound by Marin Boulevard to the east, 1st Street to the north, Bay Street to the south, and low-rise buildings to the west. The Marketing Directors is the exclusive leasing agent for the studios and one- and two-bedroom homes. Units are priced at $2,650 on the low end, and grand opening incentives include two months free on a 14-month lease and three months free on a 26-month lease.

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TSX Broadway’s New Superstructure Nears Halfway Mark at 1568 Broadway in Times Square, Manhattan

Construction is nearing the halfway mark on TSX Broadway, a 46-story hotel at 1568 Broadway in the heart of Times Square. Designed by PBDW ArchitectsMancini Duffy, and Perkins Eastman and developed by L&L Holding CompanyMaefield Development, and Fortress Investment Group, the 470-foot-tall structure will yield 550,000 square feet at the corner of Seventh Avenue and West 47th Street. The project involved the nearly full demolition of the former DoubleTree Suites by Hilton and the full restoration and 30-foot lifting of Kirchoff & Rose’s 1,700-seat, 108-year-old Palace Theater. Pavarini McGovern is in charge of construction for the property, which will feature ten floors of retail space and is slated to cost around $2.5 billion with a capacity to serve 15 million annual visitors.

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86 Warren Street Finally Begins To Rise Above Street Level In Tribeca, Manhattan

Construction is rising on the Warren Street Hotel, an 11-story hotel building at 86 Warren Street in Tribeca. Designed by Stonehill & Taylor Architects and developed by Solil Management, the 135-foot-tall structure will yield 44,000 square feet with 70 guest rooms operated by Firmdale Hotels, a restaurant, a drawing room, an orangery, a bar, and a private event space. Pavarini McGovern, LLC is the general contractor, Kit Kemp is the interior designer, and Paul Taylor under the Warren Street Hotel LLC is the owner behind the previously filed permit applications for the project, which is located between Greenwich Street and West Broadway.

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113 West 24th Street Nears Completion In Chelsea, Manhattan

Construction is nearing completion on 113 West 24th Street, a 39-story Marriott hotel located in the Midtown, Manhattan district of Chelsea. Designed by Stonehill & Taylor Architects and developed by Lam Generation, the 420-foot-tall reinforced concrete tower was last reported to yield 360 guest rooms, each averaging around 380 square feet apiece. Flintlock Construction Services, LLC is the general contractor for the project, which is located between Sixth and Seventh Avenues.

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