Work is nearing completion on the new public plaza adjacent to 550 Madison Avenue, a landmarked 37-story commercial skyscraper in Midtown East. Developed by The Olayan Group and RXR Realty, the 684-foot-tall postmodern building is undergoing a 21,000-square-foot indoor-outdoor renovation, which includes a triple-height steel-framed glass canopy designed by Snøhetta and a revamped lobby designed by Gensler. AECOM Tishman is serving as the general contractor for the project, which is located between East 55th and 56th Streets and is aiming for LEED Platinum and WELL Gold certifications.
Developers and elected officials recently celebrated the commencement of construction for Valley National Bank’s new headquarters in Morristown, New Jersey. From SJP Properties and Scotto Properties, the new office building will accommodate more than 660 employees and is expected to debut in spring 2023.
The new Brooklyn Heights Public Library at 286 Cadman Plaza West is now complete and open to the public. Located on the border of Brooklyn Heights and Downtown Brooklyn, the 26,000-square-foot library is the second-largest branch of the Brooklyn Public Library System, after the Central Library Headquarters.
New renderings from Great Point Studios, a film and television studio investment company, are the first to reveal a new production studio in Newark, New Jersey. The production studio will replace Seth Boyden Terrace, a partially abandoned 12-building housing complex formerly operated by the New Jersey Housing Authority located between Weequahic Park and Newark Airport.
Anchorage Digital and Life Science REIT are the first new tenants to join 470 Park Avenue South following a $15 million renovation of the Midtown commercial building. SJP Properties and PGIM Real Estate, the building’s current owners, retained Gensler and MKDA to complete the modernization project, which was unveiled in February.