Jersey City Mayor Steven Fulop this week announced that all litigation between the city, Kushner Companies, and the Jersey City Redevelopment Agency has concluded. The agreement settles lawsuits brought by Kushner Companies beginning in 2018 regarding construction delays at 1 Journal Square, a forthcoming residential development in Jersey City.
Exterior work is getting closer to completion on the Virgin Hotel, a 476-foot-tall tower at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 38-story project will yield a total of 300,000 square feet with 460 hotel rooms. Sir Richard Branson of Virgin Group will be in charge of managing the property, which will be the first Virgin Hotel in New York City.
Work is progressing on the warm-colored masonry walls and windows of the 230-foot-tall, 24-story expansion at 250 Fifth Avenue in NoMad. Designed by Perkins Eastman, PBDW Architects, and Martin Brudnizki Design Studio and developed by Flaneur Hospitality, the project also includes the renovation of the adjacent 115-year-old bank building designed by McKim, Mead & White. The property will eventually debut as The Fifth Avenue Hotel.
Construction is nearing topping out at 7-9 East 30th Street, a 227-foot-tall residential building from SWA Architecture in NoMad. Developed by Castellan Real Estate Partners, the 23-story reinforced concrete structure will yield 41,992 square feet with 54 residences and 2,142 square feet of ground-level retail.
Exterior work is still wrapping up on Madison House, NoMad’s tallest residential skyscraper at 126 Madison Avenue. Alternately addressed as 15 East 30th Street, the 805-foot-tall, 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle. Douglas Elliman is handling sales and marketing of its 199 condominiums. The project also includes 7,500 square feet of ground-floor retail space.