Construction Update

Pace University’s 15 Beekman Street Nears Completion in Financial District, Manhattan

7:30 am on May 15, 2023 By Michael Young

Construction is nearing completion on 15 Beekman Street, a 27-story campus expansion for Pace University in the Financial District. Designed by Manish Chadha of Ismael Leyva Architects and developed by SL Green Realty, the 338-foot-tall tower will yield 213,084 square feet with classrooms, dorm rooms, a dining facility, library, and learning center. New Line Structures & Development is the general contractor for the property, which is alternately addressed as 126-132 Nassau Street and located at the corner of Beekman and Nassau Streets.

250 East 83rd Street Passes the Halfway Mark on Manhattan’s Upper East Side

8:00 am on May 14, 2023 By Michael Young and Matt Pruznick

Construction has passed the halfway mark on 250 East 83rd Street, a 31-story residential building in the Yorkville section of Manhattan’s Upper East Side. Designed by SLCE Architects and developed by The Torkian Group, the 370-foot-tall structure will yield 128 residential units with interiors by Lemay_id, as well as ground-floor retail space. Cauldwell Wingate Company is the general contractor for the property, which is located at the corner of Second Avenue and East 83rd Street.

36 West 38th Street Rises Above Street Level in Midtown, Manhattan

7:30 am on May 14, 2023 By Michael Young and Matt Pruznick

Construction has reached street level on 36 West 38th Street, a 20-story hotel in Midtown, Manhattan. Designed by Gene Kaufman and developed by Onboard Hospitality LLC, which purchased the property for $19 million in a bankruptcy auction from Gemini Real Estate in 2017, the structure will stand 205 feet tall and yield an undisclosed number of hotel rooms. Omnibuild Construction is the general contractor for the project, which is located between Fifth and Sixth Avenues, just south of Bryant Park.

Rendering of The Italic at 26-32 Jackson Avenue in Long Island City, Queens

Developers Secure $350M Loan for The Italic at 26-32 Jackson Avenue in Long Island City, Queens

7:00 am on May 14, 2023 By Sebastian Morris

American Lions, a joint venture between Fetner Properties and the NY Lions Group, has secured $350 million in construction financing to complete a 49-story residential skyscraper at 26-32 Jackson Avenue in Long Island City, Queens. Designed by SLCE Architects, the project will comprise 283,000 square feet of residential space and 10,000 square feet of retail space.

1 Park Row Rises Above Street Level in Financial District, Manhattan

8:00 am on May 13, 2023 By Michael Young and Matt Pruznick

Construction is rising above street level on 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.

One Madison Avenue’s Façade Nears Completion in Flatiron District, Manhattan

8:00 am on May 12, 2023 By Michael Young and Matt Pruznick

Exterior work is nearing completion on One Madison Avenue, a 27-story commercial building in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the National Pension Service of Korea, and Hines, the project involves the gut renovation of an existing eight-story structure and the construction of a 19-story addition above its parapet, and will yield 1.4 million square feet of office space and ground-floor retail. NYC Constructors is building the expansion and AECOM Tishman is the construction manager for the property, which occupies a full block at the southeast corner of Madison Square Park between Madison Avenue, Park Avenue South, East 23rd Street, and East 24th Street.

262 Fifth Avenue Quickly Rises Over NoMad, Manhattan

8:00 am on May 11, 2023 By Michael Young and Matt Pruznick

Construction is quickly taking shape on 262 Fifth Avenue, a 54-story residential skyscraper in NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 860-foot-tall structure will yield 41 condominium units. GEA Consulting Engineers are the MEP engineer of record, and CM & Associates Construction Management is the general contractor for the property, which is located at the southwest corner of Fifth Avenue and West 29th Street.

KPF’s 520 Fifth Avenue Supertall Continues its Ascent in Midtown, Manhattan

8:00 am on May 10, 2023 By Michael Young and Matt Pruznick

Construction is rising on 520 Fifth Avenue, a 76-story residential supertall in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 1,000-foot-tall skyscraper will yield 507,608 square feet with 98 residential units, as well as commercial space on the lower floors and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

Rendering of 12 West 57th Street by Skidmore, Owings & Merrill

Final Demolition Underway For SOM’s 12 West 57th Street in Midtown, Manhattan

8:00 am on May 9, 2023 By Michael Young and Matt Pruznick

Demolition is underway on the final two buildings at 12 West 57th Street, the site of a 672-foot-tall residential skyscraper in Midtown, Manhattan. Designed by Skidmore, Owings & Merrill and developed by Solow Management Corp., the tower will rise along Billionaires’ Row between Fifth and Sixth Avenues and West 56th and 57th Streets.

Self Storage Facility Nears Completion at 41-47 East 21st Street in Flatiron District, Manhattan

7:30 am on May 9, 2023 By Michael Young and Matt Pruznick

Construction is nearing completion on a Cube Smart self storage facility at 41-47 East 21st Street in the Flatiron District. Developed by Mequity Companies, which purchased the property from The Zucker Organization for $32.3 million in March 2019, the project involves the conversion of a four-story, 50,000-square-foot parking garage into a storage facility. Equity E. 21st Owner LLC is the owner and Park East Construction is the general contractor for the property, which is located Fifth Avenue and Park Avenue.

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Construction Update

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