Construction is getting closer to completion on Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the slender 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. The property is located along Madison Avenue between East 30th and 31st Streets.
Demolition is underway at 308 West 43rd Street, the site of a two-building residential project in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot development will rise directly to the north of Port Authority Bus Terminal and will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space.
Construction on the ground-up Margaritaville Resort New York at 560 Seventh Avenue wraps up work in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the topped out 32-story, 375-foot-tall tower looks like it will open in the coming months and yield 234 guest rooms with island-inspired interior designs. The Midtown, Manhattan project is located at the corner of Seventh Avenue and West 40th Street and is expected to cost around $300 million. The McBride Company is handling the interiors.
Excavation and foundation work is underway at 1165 Madison Avenue, the site of a 13-story residential building on Manhattan’s Upper East Side. Designed by SLCE and developed by Naftali Group with Titanium Construction Services Inc. as the general contractor, the 210-foot-tall building will yield 67,680 square feet with 12 condominiums spread across 58,919 square feet and 3,749 square feet of commercial space. The property is located at the intersection of East 86th Street and Madison Avenue, a short walk from the 4, 5, and 6 trains at the 86th Street station.
Leasing has begun for The James, a new residential building at 87 Madison Avenue in Park Ridge, Bergen County New Jersey. Developed by Claremont Development and designed by Minno & Wasko, the five-story property yields 240 units ranging from studios to two-bedroom apartments.