Retail

Black Construction Netting Shrouds 1568 Broadway for Imminent Demolition in Times Square

Preparation for the demolition of 1568 Broadway is continuing to gear up as scaffolding and construction netting now shroud almost the entire 46-story Times Square tower. The 29-year old structure served as a DoubleTree hotel and will be replaced by a new hotel, with tenants yet to be announced. The proposed 550,000-square-foot development is called TSX Broadway and will preserve and lift the 106-year-old Palace Theatre three stories above the ground floor to make way for new retail space. The $2.5 billion project is being developed by L&L Holding CompanyMaefield Development, and Fortress Investment Group.

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1241 Broadway, rendering from GDSNY

GDSNY’s 1245 Broadway Completes Concrete Pouring And Begins Superstructure, in NoMad

GDSNY recently finished pouring the concrete foundation slab of 1245 Broadway, where a 22-story SOM-designed commercial office building is set to rise. The future 318-foot-tall, 200,000-square-foot NoMad project is being built by Triton Construction and co-developed by Sweden-based Klovern. CBRE is in charge of leasing both the office area and the ground-floor retail space.

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388-390 Greenwich Street’s Curtain Wall Makeover Nearly Complete in Tribeca

The installation of new glass curtain walls on the lower levels of 388 Greenwich Street and its annex at 390 Greenwich Street is almost complete. The taller, 39-story office building rises above the Tribeca waterfront across from Pier 25 and Pier 26. Skidmore, Owings & Merrill designed the 14-story-high glass envelope, while Gensler is leading the interior renovations in both structures.

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