Retail

Construction Ramps Up on Terminal Warehouse Renovation at 261 Eleventh Avenue in West Chelsea, Manhattan

Construction is full swing on the Terminal Warehouse, a seven-story commercial conversion at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project will overhaul the 121-year-old warehouse structure and yield a mix of Class A office suites, retail space, and dining options. L&L and Normandy Real Estate Partners purchased the Terminal Warehouse in 2018 for $880 million, and CBRE helped to arrange construction funding from the Blackstone Real Estate Debt Strategies platform, Goldman Sachs, KKR, and Oaktree Capital Management. New Line Structures & Development is the general contractor for the property, which is bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Rendering of Logan Fountain - MHG Architects

Renderings Revealed for Logan Fountain Affordable Property at 265 Logan Street in Cypress Hills, Brooklyn

Renderings have been revealed for Logan Fountain, a 13-story affordable housing property at 265 Logan Street in Cypress Hills, Brooklyn. Designed by MHG Architects and developed in collaboration by The Hudson Companies, The Jericho Project, and HELP US, which recently closed on a $215 million financing package for construction, the 327,000-square-foot structure will yield 174 units and 7,677 square feet of ground-floor retail space. The property is bound by Atlantic Avenue to the north, Fountain Avenue to the east, and Logan Street to the west.

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Site plan and renderings of the new Midtown Bus Terminal and proposed mixed-use towers - Courtesy of Foster + Partners

Foster + Partners, Epstein Announced as Architectural Advisors for Port Authority’s Midtown Bus Terminal in Times Square, Manhattan

The Port Authority of New York and New Jersey has selected Foster + Partners and Epstein to help reimagine Manhattan’s 72-year-old Midtown Bus Terminal in Times Square. The replacement project will create a new terminal for New York City buses, dedicated spaces for intercity buses, staging areas, electric vehicle charging stations, outward-facing retail, and 3.5 acres of public green space.

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Rendering of 251-253 Fifth Avenue (View from Fifth Avenue looking north)

LPC Approves 20-Story Redevelopment at 251-253 Fifth Avenue in NoMad, Manhattan

The Landmarks Preservation Commission has approved a large-scale redevelopment project at 251-253 Fifth Avenue in NoMad, Manhattan. Led by TRA Studio Architecture, the project entails the demolition of a low-rise building at 253 Fifth Avenue, the construction of a new 20-story tower in its place, the restoration of a neighboring building at 251 Fifth Avenue, and the integration of both buildings into a singular structure.

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Curtain Wall Installation Begins on 606 West 30th Street in Hudson Yards, Manhattan

Curtain wall installation has begun on 606 West 30th Street, a 42-story residential skyscraper along the border of Hudson Yards and West Chelsea, Manhattan. Designed by Ismael Leyva Architects and developed by Lalezarian Properties, the 545-foot-tall structure will yield 312,350 square feet, with 192,780 square feet of residential space and 14,240 square feet of commercial space. The building is known as Tower B in a two-skyscraper development along with the adjacent 601 West 29th Street from FXCollaborative and Douglaston Development. Hudson 37 LLC is the general contractor for the property, which is located between Eleventh Avenue and West Street.

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