Retail

Foundations Progress at 27-20 42nd Road, aka Project Athena, in Hunters Point, Queens

Foundation work is progressing at Project Athena LIC, at 27-20 42nd Road in the Hunter’s Point section of Long Island City, Queens. This will eventually give rise to a ground up eight-story mixed-use residential building designed by Ismael Leyva Architects. YIMBY last reported that the 99-foot-tall development will yield a total of 58,580 square feet, with 36,097 square feet designated for future residential space and 3,345 square feet for the commercial space. 51 residences are expected to be housed inside the edifice, which will most likely be rentals based on the average unit size of 707 square feet. The reinforced concrete-based structure will also come with a cellar and a 50-foot-long rear yard for occupants.


451 Tenth Avenue’s Terracotta Façade Installation Continues in Hudson Yards, Manhattan

Façade installation is continuing on 451 Tenth Avenue, a 45-story residential skyscraper in Hudson Yards. Designed by Handel Architects, developed and constructed by Related Companies, and co-developed with Spitzer Enterprises, the 587-foot-tall structure will also include a restaurant, an Equinox fitness center, and a senior living facility by Atria Senior Living called Coterie Hudson Yards. The market-rate rental units will have access to amenities such as a movie theater, an outdoor swimming pool, and terrace. March and White Design (MAWD) is serving as the interior designer for the senior homes at 451 Tenth Avenue, which rises from a 17,280-square-foot L-shaped plot at the corner of Tenth Avenue and West 35th Street. The property is a short walk to the 7 train at the 34th Street-Hudson Yards subway station, while a little further east are the A, C, E, 1, 2, and 3 and the NJ Transit and Amtrak trains beneath Pennsylvania Station.

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Construction on 550 Madison Avenue’s Garden Space Moves Along in Midtown East, Manhattan

Construction is complete on the steel and glass garden canopy at 550 Madison Avenue, a 684-foot-tall landmarked skyscraper in Midtown East. The triple-height framework is designed by Snøhetta with AECOM Tishman as the general contractor, and is part of a 21,000-square-foot indoor-outdoor renovation of the 38-year-old postmodern office building by The Olayan Group and RXR Realty, along with a revamped lobby designed by Gensler that was completed late last year. The developers are aiming to achieve LEED Platinum and WELL Gold certifications for the building, which is located between East 55th and 56th Streets.

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Rendering of 520 Fifth Avenue and the Midtown skyline

Rabina Closes on $540M Financing Package for 520 Fifth Avenue Supertall in Midtown, Manhattan

New York development firm Rabina has closed on a $540 million construction package to complete a new supertall tower at 520 Fifth Avenue. Designed by Kohn Pedersen Fox, the structure will top out at 1,000 feet and contain a collection of condominiums and associated amenity spaces, boutique office space, a ground-floor retail component, and public recreation space.

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