Construction Update

1,046-Key Hilton Readies for Grand Opening at 150 West 48th Street in Times Square, Manhattan

8:00 am on July 2, 2023 By Michael Young and Matt Pruznick

Construction is wrapping up on 150 West 48th Street, a 38-story triple-brand Hilton hotel tower in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 418-foot-tall, 320,000-square-foot structure will yield 1,046 hotel rooms across the Hampton Inn, Home 2 Suites, and Motto Hotel, Hilton’s newest brand of micro-hotels. McSam Hotel Group purchased the Midtown site for $140 million from Rockefeller Group in early 2019 and received a $250 million loan before construction broke ground the following year. Omnibuild was the general contractor for the project, which is located by the corner of West 48th Street and Seventh Avenue.

Excavation Underway for Holiday Inn Express at 4729 Third Avenue in Belmont, The Bronx

7:30 am on July 2, 2023 By Michael Young and Matt Pruznick

Excavation is underway at 4279 Third Avenue, the site of a nine-story Holiday Inn Express by InterContinental Hotels in the Belmont section of The Bronx. Designed by Michael Kang Architect and developed by Neelam Chadha, the 172-foot-tall structure will span 43,789 square feet and yield 86 guest rooms. Supreme Builders Corp. is the general contractor and 2918 Arnow Real Estate Group is the owner of the 6,229-square-foot property, which is bound by Third Avenue to the east, Park Avenue to the west, and East 188th Street to the south.

Arloparc’s Exterior Progresses at 126 East 86th Street on Manhattan’s Upper East Side

8:00 am on July 1, 2023 By Michael Young and Matt Pruznick

Exterior work is progressing on Arloparc, a 20-story residential building at 126 East 86th Street on Manhattan’s Upper East Side. Designed by Zproekt Architects and developed by Rybak Development and BK Developers, the 79,842-square-foot structure will yield 28 condominium units designed by STUDIO20MIGLIA, as well as 2,700 square feet of commercial space. Rybak is also serving as the general contractor, Molly Elizabeth is the interior designer, and Corcoran New Development is handling sales and marketing for the property, which is located on a narrow rectangular plot between Lexington and Park Avenues.

1 Park Row Nears Halfway Mark in Financial District, Manhattan

8:00 am on June 29, 2023 By Michael Young

Construction is nearing the halfway mark at 1 Park Row, a 23-story mixed-use building in the Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will yield 103,000 square feet with 58 condominium units in one- to three-bedroom layouts, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street.

130 William Street Completes Construction in Financial District, Manhattan

8:00 am on June 28, 2023 By Michael Young

Construction has reached completion on 130 William Street, a 66-story residential skyscraper in Manhattan’s Financial District. Designed by Sir David Adjaye of Adjaye Associates and developed by Lightstone, the 800-foot-tall structure yields 242 condominium units marketed by Corcoran Sunshine Marketing Group, with layouts ranging from studios to four-bedroom, full-floor penthouses. Hill West Architects served as architect of record for the property, which is bound by William, Fulton, and Gold Streets. CBRE is in charge of marketing the two retail spaces.

TSX Broadway’s Tempo by Hilton Prepares For Late-Summer Opening at 1568 Broadway in Times Square, Manhattan

8:00 am on June 27, 2023 By Michael Young

Construction on TSX Broadway, a 47-story hotel tower at 1568 Broadway in Times Square, reached a milestone as crews turned on TSX Entertainment’s 18,000-square-foot podium LED display. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 550,000-square-foot structure will yield 661 hotel rooms operated by Tempo by Hilton, as well as 100,000 square feet of retail space on the lower levels and Times Square’s only cantilevering outdoor performance stage. Positioned above the new retail space is the historic Palace Theater, which was renovated by PBDW Architects and lifted 30 feet above street level in early 2022. Pavarini McGovern is the general contractor for the property, which is located at the corner of Seventh Avenue and West 47th Street.

27 Park Place’s Renovation Nears Completion in Tribeca, Manhattan

7:30 am on June 27, 2023 By Michael Young and Matt Pruznick

Renovation work is nearing completion on 27 Park Place, a five-story commercial building in Tribeca. Designed by Michael Schmitt Architect PC, the project involves a full interior and exterior refurbishment following a six-alarm fire that heavily damaged the structure in 2017. Empire State Development is the general contractor for the property, which is bound by Murray Street to the north, Park Place to the south, and Church Street to the west.

Rendering of Six Garfield - Courtesy of V1

Six Garfield Nears Completion at 6 Garfield Place in Park Slope, Brooklyn

7:30 am on June 26, 2023 By Michael Young and Matt Pruznick

Construction is wrapping up on Six Garfield, a 12-story condominium building at 6 Garfield Place in Park Slope, Brooklyn. Designed by DXA Studio and developed by New Empire Real Estate, the structure will yield 33 units in one- to four-bedroom layouts, as well as a suite of amenities. The Aguayo Team at Brown Harris Stevens Development Marketing is leading sales and marketing and New Empire Building is the general contractor for the property, which is located at the corner of Fourth Avenue and Garfield Place.

The Elisa’s Stone Façade Takes Shape at 251 West 14th Street in Chelsea, Manhattan

8:00 am on June 25, 2023 By Michael Young

Exterior work is progressing on The Elisa, an 11-story residential building at 251 West 14th Street in Chelsea. Designed by Isay Weinfeld Architects, the structure will yield 25 condominium units in one- to three-bedroom layouts with sales and marketing by Bianca D’Alessio, Christian Haag, and Mia Calabrese of Nest Seekers and SERHANT, with prices ranging from $1.45 million to $5 million. There will also be a four-bedroom penthouse that has yet to hit the market. Pizzarotti is the general contractor for the property, which is located on an interior lot between Seventh and Eighth Avenues, near the intersection of the West Village and the Meatpacking District.

1305-1307 Third Avenue Reaches Street Level on Manhattan’s Upper East Side

7:30 am on June 25, 2023 By Michael Young

Construction has reached street level at 1305-1307 Third Avenue, the site of an upcoming 18-story, 214-foot-tall residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Beyer Blinder Belle and developed by EJS Development under the 1303 Third LLC, the corner property is expected to yield 38 units and span 97,569 square feet. Triton Construction Industry is the general contractor for the project, which is located at the intersection of Third Avenue and East 75th Street. The developer purchased the 8,178-square-foot site for $32.5 million in March 2021.

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