Construction Update

Santiago Calatrava’s St. Nicholas Greek Orthodox Church Continues to Take Shape in the Financial District

Work is continuing on Santiago Calatrava‘s St. Nicholas Greek Orthodox Church in the Financial District. Located by the intersection of Greenwich Street and Liberty Street in the elevated Liberty Park, the structure will serve as the new home for the long-established church that was formerly located at 155 Cedar Street until it was destroyed on 9/11. Calatrava’s architectural concept for the church was inspired by Istanbul’s Hagia Sophia and Church of the Holy Savior of Chora. The Port Authority of New York and New Jersey is developing the project, which sits directly to the south of the original 16-acre World Trade Center complex.

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Times Square Theater’s Retail Conversion and Expansion Progresses at 215 West 42nd Street in Times Square, Manhattan

Work is progressing at 215 West 42nd Street, where the historic Times Square Theater is in the process of a retail conversion and expansion. Designed by Beyer Blinder Belle and developed by NYC Economic Development Corporation and Stillman Development International, the $100 million project calls for extensive interior renovations and a vertical extension that will double the structure’s height, bringing it to 138 feet tall and six stories above ground, as well as the addition of a cellar level. The property is located in the heart of Times Square between Seventh and Eighth Avenues, and will yield 52,521 square feet with 34,313 square feet designated for commercial space.

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450 Eleventh Avenue Continues Ascent in Hudson Yards

Construction is continuing to rise at 450 Eleventh Avenue, a 487-foot-tall, 531-room hotel from Starwood Hotels & Resorts Worldwide in Hudson Yards. Designed by DSM Design Group and developed by Marx Development Group, the 43-story tower is one of the newest additions to the booming Midtown West neighborhood surrounding Related Companies‘ first phase of Hudson Yards. The project site is located at the corner of West 37th Street, directly across from the Jacob K. Javits Center.

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Central Park Tower aka 217 West 57th Street Set for 2021 Completion in Midtown, Manhattan

Taking the top spot in our construction countdown for the third year is the Central Park Tower, the tallest building by roof height in the Western Hemisphere and the tallest residential skyscraper in the world. Designed by Adrian Smith + Gordon Gill and developed by Extell, the 1,550-foot supertall stands nearly complete at 217 West 57th Street on Billionaires’ Row in Midtown. Developers are expecting a $4 billion sellout for its 179 residences, which are being marketed by Corcoran Sunshine.

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