Retail

Excavation Progressing for Disney’s Headquarters at Four Hudson Square, in Hudson Square

Excavation is progressing for Disney’s 1.2 million-square-foot headquarters at 137 Varick Street in Hudson Square. Alternately addressed as Four Hudson Square, the site will give rise to a 22-story, 320-foot-tall superstructure designed by Skidmore, Owings & Merrill and developed in partnership with Silverstein Properties. Disney purchased the full-block parcel from Trinity Church Real Estate for $650 million, and Skanska completed demolition of the four structures on the site during the summer. Lendlease is in charge of constructing the new building.

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Exterior Work on Margaritaville Resort Nears Completion at 560 Seventh Avenue in Times Square

Façade installation is progressing on the 234-room Margaritaville Resort at 560 Seventh Avenue in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the 375-foot-tall tower is now almost fully enclosed in its glass window wall, with just the upper-most floors remaining. The 29-story structure is located at the corner of Seventh Avenue and West 40th Street, one avenue to the east of the Port Authority Bus Terminal. The project is expected to cost around $300 million.

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Construction Wraps on 44 Union Square’s Renovation and Expansion in Union Square

Construction is complete on the expansion and restoration of the former Tammany Hall headquarters at 44 Union Square. The multi-story addition and interior renovations were designed by BKSK Architects and developed by Reading International (RDI) with Edifice Real Estate Partners as the owner’s representative. The project features a prominent geometric space-frame dome atop the 90-year-old structure. CNY Group was in charge of construction for the Union Square site, which sits at the corner of East 17th Street and Park Avenue South. Reading International purchased the historic edifice 18 years ago and received a $57.5 million loan secured by Bank OZK and Fisher Brothers from Lionheart Strategic Management, LLC, an affiliate of Fisher Brothers.

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