Amazon has officially acquired the historic Lord & Taylor Building at 424 Fifth Avenue in Midtown, Manhattan. Although Amazon and WeWork, the building’s former owner, have not released any statements on the deal, the transaction is reportedly valued between $978 million and $1.15 billion.
Permits have been filed for a 32-story mixed-use building at 308 West 43rd Street in Midtown West, Manhattan. Located between Eighth Avenue and Ninth Avenue, the through lot is around the corner from the 42 Street-Port Authority subway station, serviced by the A, C, and E trains. Taconic Partners under the 311 West 42nd Street Associates is listed as the owner behind the applications.
Developer Tishman Speyer and Debevoise & Plimpton LLP have finalized negotiations for a massive 530,000-square-foot office at 66 Hudson Boulevard, aka The Spiral. The global law firm expects to relocate its headquarters from 919 Third Avenue in the second half of 2022. With this latest transaction, Tishman Speyer has now successfully pre-leased 54 percent of the building.
Work is ramping up at the site of Two Manhattan West, a forthcoming 935-foot-tall commercial skyscraper and number 12 on YIMBY’s countdown of the tallest projects underway in the city. The final component of the Manhattan West complex, the 58-story tower will join its nearly identical sibling One Manhattan West, though it will cap off with a slightly shorter parapet. Skidmore Owings & Merrill is the designer and Brookfield is the developer of the two-million-square-foot project.
McSam Hotel Group will break ground in January on a new Marriott Hotel property in Times Square. Located at 223 West 46th Street between Broadway and Eighth Avenue, the 200-key Marriott SpringHill is designed by Gene Kaufman Architects and replaces a former parking lot.