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.
Back in October of 2012, YIMBY broke news of plans for a significant hotel and retail tower at 701 Seventh Avenue, in Times Square, and now that excavation is nearly complete, foundation work is imminent on the 39-story, 452-key Marriott Edition, according to the New York Post. Dubbed 20 Times Square, the building will measure just under 270,000 square feet and will include 76,000 square feet of retail space. The retail base will also feature an 18,000 square-foot LED sign. Steven Witkoff, Ian Schrager, Winthrop Realty Trust, and Maefield Development are the developers, while PBDW Architects is designing. Completion is expected in 2017.
RGS Holdings has partnered with the property owner of 300 West 122nd Street, in Harlem, to develop a 12-story, 127-unit mixed-use building, according to Curbed. The site also includes the two-story building at 223 St. Nicholas Avenue, which will have to be demolished. The new building will measure roughly 161,300 square feet, and features 28,700 square feet of retail space on the ground floor. The units will be condominiums, and a slew of amenities are included. PBDW Architects is designing, and the project is expected to be complete in 2017.