Retail

TSX Entertainment’s LED Screen Turns On at 1568 Broadway in Times Square, Manhattan

Construction on TSX Broadway, a 47-story hotel tower at 1568 Broadway in Times Square, has reached a milestone as crews have turned on TSX Entertainment’s 18,000-square foot podium LED display. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 550,000-square-foot structure will yield 661 hotel rooms operated by Tempo of Hilton as well as 100,000 square feet of retail space on the lower levels and Times Square’s only cantilevering outdoor performance stage. Positioned above the new retail space is the historic Palace Theater, which was renovated by PBDW Architects and lifted 30 feet above street level in early 2022. The property is located at the corner of Seventh Avenue and West 47th Street.

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Demolition Progresses for 1,200-Foot PENN15 at 15 Penn Plaza in Midtown, Manhattan

The second-tallest building on our year-end construction countdown is PENN 15, a 1,200-foot commercial supertall at 15 Penn Plaza in MidtownManhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the 56-story skyscraper will yield 2.7 million square feet of office space and stand as the centerpiece of the 7.4-million-square-foot Penn District master plan. Northstar Contracting Group is the demolition contractor for the property, which is located along Seventh Avenue between West 32nd and 33rd Streets.

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Demolition Concludes for Extell’s Potential Supertall at 570 Fifth Avenue in Midtown, Manhattan

At number three on our December countdown of the tallest buildings underway in New York is 570 Fifth Avenue, a potential 1,101-foot supertall in Midtown, Manhattan. Developed by Extell, the skyscraper could rise 78 stories and span 1.4 million square feet with hotel and condominium components. Alternately, the plot could give rise to an 860-foot-tall, 47-story office tower yielding more than 1.5 million square feet. ALBA Services is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 46th Street.

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Rendering of the Alafia campus along Fountain Avenue and Betts Creek

Renderings Reveal $1.2B Mixed-Use Alafia Campus in East New York, Brooklyn

Developers and New York State agencies have revealed renderings for Alafia, a 27-acre redevelopment project in East New York, Brooklyn. Located along Fountain Avenue near the Betts Creek waterfront, the $1.2 billion multi-phase campus will create 2,400 affordable apartments, a 15,000-square-foot outpatient medical clinic, retail space, multiple parking areas, and a mix of publicly accessible green space and recreational area.

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Excavation Underway for Supertall Hotel and Observation Tower at 740 Eighth Avenue in Midtown, Manhattan 

Leading off the top five in our year-end countdown of the tallest construction projects underway in New York is 740 Eighth Avenue, a planned 1,067-foot hotel and observation tower in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story supertall will span 776,000 square feet with 825 hotel rooms on the lower half and a public observatory with a drop ride attraction on the upper levels. The project will also feature retail space, two upper restaurant floors, and a pool deck. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling the excavation and foundations for the property, which is located between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

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