Office

Reveal For 15-Story, 113-Unit Mixed-Use Building Planned At 87 Newkirk Street, Jersey City

2:00 pm on October 6, 2016 By Reid Wilson

A rendering has been revealed of the planned 15-story, 113-unit mixed-use building at 87 Newkirk Street, in the Journal Square section of Jersey City. The project will measure 129,500 square feet in total, featuring 5,000 square feet of ground-floor retail space, followed by 21,500 square feet of co-working space on the second and third floors. The residential units above will be rental apartments configured in studios and co-living suites with multiple bedrooms.

Developer Assembling Site For Mixed-Use Tower At 45-01 23rd Street, Long Island City

10:00 am on October 3, 2016 By Reid Wilson

SoHo-based Tavros Capital is currently in the process of assembling a site with significant development potential on the corner of 23rd Street and 45th Avenue, in the Court Square section of Long Island City. Over the summer, the development firm purchased the townhouses at 45-03 23rd Street and 45-07 – 45-09 23rd Street for $11.25 million, and has since entered into contract on two additional properties, while waiting for two more. Plans include a mixed-use building with retail, office, and residential components, The Real Deal reported. The site can accommodate up to 167,000 square feet of mixed-use development as-of-right, though an additional 83,000 square feet of air rights could be acquired. Tavros expects the assemblage to cost between $30 and $35 million once complete.

Renderings Revealed Of Pennsylvania Station-Farley Complex Transportation Project

7:30 am on September 28, 2016 By Reid Wilson

Earlier this year, Gov. Andrew Cuomo released a request for proposals (RFP) to upgrade, modernize, and expand Pennsylvania Station, located at Eighth Avenue and West 33rd Street under Madison Square Garden. The project will also incorporate the landmarked James A. Farley Post Office Building into the transportation complex. Now, renderings of the project have been revealed, per The New York Times, along with a timeline.

Piling Work Underway For Two-Towered, 310-Unit Mixed-Use Project At 76 Eleventh Avenue, Chelsea

8:00 am on September 27, 2016 By Reid Wilson

Piling work is now underway on the two-towered, 310-unit mixed-use complex under development at 76 Eleventh Avenue, located between West 17th and 18th streets in southern Chelsea. The site can be seen thanks to a photo posted to the YIMBY Forums. The project will consists of 25- and 35-story towers, rising 302 and 402 feet above street level, respectively. A common four-story base will feature 181,893 square feet of commercial space. It will include retail and office space, in addition to the residential amenities. The residential units, located in the towers, will be condominiums, averaging 2,258 square feet apiece. HFZ Capital Group is the developer. Bjarke Ingels Group is the design architect and Woods Bagot is the executive architect. Completion is expected in 2019.

65,000-Square-Foot Mixed-Use Commercial Building Planned At 23-20 Jackson Avenue, Long Island City

8:00 am on September 26, 2016 By Reid Wilson

The Vorea Group has signed a 99-year ground-lease, worth roughly $350 million, for the 10,000-square-foot development site at 23-20 Jackson Avenue, located on the corner of Pearson Street in the Court Square section of Long Island City. The developer plans to build a mixed-use commercial building measuring between 50,000 square feet and 65,000 square feet, according to the Wall Street Journal. The lower floors will contain 30,000 square feet of retail space while the upper floors will feature offices. The site, currently occupied by a single-story commercial building, can accommodate up to 50,000 square feet of leasable commercial square-footage. Neither demolition permits nor new building applications have been filed. Real Estate Weekly reported on the details of the lease.

Oscar Winner Can’t Stop Landmarks Approval for Office Conversion of Garage at 165 Mercer Street, SoHo

7:00 am on September 22, 2016 By Evan Bindelglass

A new era is about to dawn for a SoHo building. On Tuesday, amid testimony from an Academy Award winner, the Landmarks Preservation Commission approved changes that will assist the office conversion of the parking garage at 165 Mercer Street. That’s on the west side of the street between Prince and West Houston streets.

Façade Installation Underway at 19-Story, 57-Unit Mixed-Use Building, 210 East 39th Street, Murray Hill

2:00 pm on September 20, 2016 By Reid Wilson

Façade installation is underway on the topped-out 19-story, 57-unit mixed-use building under development at 210 East 39th Street, in Murray Hill. Photos showing this come courtesy of prolific construction chronicler Tectonic. The latest building permits indicate the structure encompasses 67,573 square feet and rises 185 feet above street level, not including the bulkhead. There will be 7,929 square feet of office space on the ground through third floors for a “philanthropic non-profit institution,” per the Schedule A. The residential units, rentals, should average 893 square feet apiece. Eighteen percent of them (10 units) will rent at below-market rates through the affordable housing lottery. CBSK Ironstate — comprised of SK Development, CB Developers, and Ironstate Development — is the developer. Rawlings Architects is the behind the architecture. Completion is expected in early 2017.

Ground Floor of 46-Story Hearst Tower Getting 107-Foot-Long Digital Display, 300 West 57th Street

2:00 pm on September 20, 2016 By Reid Wilson

Hearst Tower, the 46-story, 861,100-square-foot office tower located at 300 West 57th Street in Midtown, is about to get a flashy upgrade to its ground floor. Crews are now constructing what will be dubbed HearstLive, a digital, wrap-around media installation that will broadcast news and other information. It will become the building’s façade at street level, measuring 107 feet, five inches along Eighth Avenue and 57th Street. The exact content will be determined by a collection of Hearst’s brands and partners. Hearst Tower is an individual landmark, which means the Landmarks Preservation Commission would have had to approve any exterior alterations, but this latest addition appears to be located behind the existing glass. HearstLive will debut on September 27.

New Renderings Show Tishman Speyer’s Residential Towers and Office Complex Under Development in Long Island City

8:00 am on September 20, 2016 By Reid Wilson

As three residential skyscrapers begin their ascent skyward at 28-10 Jackson Avenue, in Long Island City, renderings for them have finally surfaced per the Wall Street Journal. The towers will stand 43, 45, and 53 stories, respectively, and will together encompass an enormous 1,687,776 square feet. There will be 1,900 residential units and 13,807 square feet of ground-floor retail space. In addition to a slew of amenities, the complex will sport a private 2.5-acre park in the center. Goldstein, Hill, & West Architects is behind the design. Tishman Speyer and H&R Real Estate Investment Trust are the developers.

Nine-Story, 142,500-Square-Foot Commercial Building Rises Above Street Level at 540 West 26th Street, West Chelsea

6:30 am on September 20, 2016 By Reid Wilson

Construction is up to the third floor on the nine-story, 142,554-square-foot mixed-use commercial building at 540 West 26th Street, in West Chelsea. The latest photos can be seen on the YIMBY Forums. The most recent building permits indicate the project will eventually measure 142,554 square feet and rise 135 feet above street level. The developers have already pre-leased 85,421 square feet across portions of the ground through fifth floors to Avenues: The World School, a private school. The sixth through ninth floors will contain office space and the ground floor will feature an art gallery space. The real estate fund Savanna and the Silvermintz family are developing the building, while Morris Adjmi Architects is designing it. Completion is expected in 2017.

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