Construction Update

New York Korea Center of NYC Begins to Rise at 122-126 East 32nd Street in Murray Hill

The New York korea Center has finally begun to rise at 122-126 East 32nd Street in Murray Hill. The Midtown site, which is located between Lexington Avenue and Park Avenue South, had sat dormant since excavation was completed following the official groundbreaking ceremony in June 2018. The project is designed by Samoo Architects and Engineers (SAMOO) and developed by Level Group. The Consulate General of the Republic of Korea, NY, purchased the property for $15.8 million in March 2008, including the use of nearly 4,500 square feet of air rights.

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BKSK Architects’ 75 West Broadway Still Appears Stalled in Tribeca

Work has yet to begin at 75 West Broadway, aka 61 Warren Street, a ten-story, 120-foot-tall residential building in Tribeca. The property has sat relatively quiet since YIMBY checked in last summer. Located along West Broadway between Warren Street and Murray Street, the forthcoming project is designed by BKSK Architects and developed by Cape Advisors and Forum Absolute Capital Partners and is set to yield 55,000 square feet.

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Construction Wraps on Hudson Exchange West’s Second Tower, in Jersey City

Construction is complete on VYV South, a 432-unit residential building at 444 Warren Street in Jersey City. Designed by Perkins Eastman and developed by Brookfield Properties and G&S Investors, the structure is the second building to rise in the 18-acre Hudson Exchange West development following the completion of its sibling VYV at 474 Warren Street. Both edifices feature a curtain wall of dark gray brick and glass panels, and culminate in relatively flat parapets. The entire development will consist of 12 new towers with 5,400 units and 350,000 square feet of amenity, retail, and dining spaces.

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