In June of 2015, YIMBY reported that the Landmarks Preservation Commission – after several contentious sessions – approved redevelopment plans for the 12-story, five-unit residential building at 807 Park Avenue, between East 74th and 75th streets, on the Upper East Side. The 18,972-square-foot project includes rebuilding the existing structure but keeping intact the remnant of the original building’s façade on floors two through five. The current building consists of a 12-story, three-unit rental property, although the site is now being placed on the market for north of $30 million by its owner, Aion Partners, the New York Post reports. The approved redevelopment plans, designed by PBDW Architects and Higgins Quasebarth & Partners, include a triplex unit across the ground through third floors, three duplex units across the next six floors, and a triplex unit on the 10th through 13th floors.
The year 2015 marked the near-complete demolition of Times Square’s second oldest structure. The Columbia Amusement Co. Building, which opened at Times Square’s northeast corner on West 47th Street in January 1910. 701 7th Avenue was known by a variety of names during its century-long life span. Like the slightly older yet much more famous One Times Square at the opposite end of the square, the building engaged in the neighborhood’s classic disappearing act, where giant billboards seen by millions made their renovation-scarred hosts all but invisible. But behind the ads, standing on a 16,000-square-foot lot, was a building with a history as dramatic and diverse as that of the famous square on which it stood.
When two developers decided to build 10 stories of condos on top of an occupied, rent-stabilized apartment building at 711 West End Avenue on the Upper West Side, tenants were predictably upset. To appease the renters, many of whom have lived there for decades, the landlords plan to renovate and add new amenities to the seven-story brick building between 94th and 95th Streets.
Last month, the leasehold interest of the 45-story, 468-key DoubleTree Suites hotel (by Hilton New York City – Times Square) was purchased for $540 million by Indianapolis-based Maefield Development, according to The Real Deal. The mixed-use building at 1568 Broadway, between West 46th and 47th Streets in Times Square, currently contains ground-floor retail space and the Palace Theatre, which was designated an interior landmark in 1987. Last November, YIMBY brought you news of the proposed retail and lobby expansions, and the restoration (and raising) of the Palace theater for entertainment purposes. The building is set to receive a significant overhaul, which includes the hotel portion as well as the installation of a new, state-of-the-art LED screen.
A Broadway landmark is about to reach new heights, literally. The Palace Theater, located at 1564 Broadway, a city-designated interior landmark, will be lifted 29 feet from its current position, accommodating 10,000 square feet of new lobby and back of house space, plus additional retail below the theater.