Witkoff

215 Chrystie Street

28-Story Hotel, Residential Tower Tops Out At 215 Chrystie Street, Lower East Side

6:00 am on March 1, 2016 By Reid Wilson

In November, the 28-story, mixed-use building under development at 215 Chrystie Street, on the Lower East Side, was at the 16th floor, and now Bowery Boogie reports the tower has topped out. The 245,264-square-foot structure stands 314 feet above the street level and will include hotel and residential portions. The building’s lower portion will sport a 370-key Public Hotel, with retail and restaurant space located on the ground floor. The upper portion will feature 11 condominium units, each averaging a spacious 3,035 square feet. Ian Schrager and Witkoff are the developers with Herzog & de Meuron as the design architect and Handel Architects is the architect of record. Completion is expected later this year.

The Phantom Of Times Square: A Century Of Radical Change At 701 Seventh Avenue

4:15 pm on February 12, 2016 By Vitali Ogorodnikov

The year 2015 marked the near-complete demolition of Times Square’s second oldest structure. The Columbia Amusement Co. Building, which opened at Times Square’s northeast corner on West 47th Street in January 1910. 701 7th Avenue was known by a variety of names during its century-long life span. Like the slightly older yet much more famous One Times Square at the opposite end of the square, the building engaged in the neighborhood’s classic disappearing act, where giant billboards seen by millions made their renovation-scarred hosts all but invisible. But behind the ads, standing on a 16,000-square-foot lot, was a building with a history as dramatic and diverse as that of the famous square on which it stood.

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36 Central Park South

Developers Shelve Plans For Residential Tower At 36 Central Park South, Midtown

6:00 am on January 29, 2016 By Reid Wilson

Over the summer, YIMBY brought you new renderings and details on the planned 88-unit luxury residential tower at 36 Central Park South, dubbed 1 Park Lane, which would replace the 46-story, 628-key Park Lane Hotel. The project was in the pre-development stages and advertised in the EB-5 program, but its developers, Witkoff and Macklowe Properties, are shelving plans for now, Bloomberg Business reports. Due to uncertainty in EB-5’s congressional reform, a slowdown in the Chinese economy, and an over-saturation in the ultra-luxury residential market, the Park Lane will remain as a hotel for the foreseeable future. Its operations and management are in the process of being repositioned, and Witkoff is in talks to refinance debt on the property.

215 Chrystie Street

28-Story Hotel & Residential Tower Getting Glassy At 215 Chrystie Street, Lower East Side

6:30 am on November 10, 2015 By Reid Wilson

This past summer, construction kicked off on the 28-story, 370-key mixed-use building planned at 215 Chrystie Street, on the Lower East Side. Now, the project has risen to 16 floors and is beginning to emerge on the skyline, Bowery Boogie reports. Glass installation is also well underway, with the exteriors of floors two through six nearly completed. The upper portion of the tower will give way to 11 condominiums. Ian Schrager and Witkoff are developing, while Herzog & de Meuron is the design architect. Completion is expected in 2016.

701 Seventh Avenue

Excavation Wraps Up At 701 Seventh Avenue, Site Of 39-Story, 452-Key Marriott Edition Hotel

3:00 pm on October 29, 2015 By Reid Wilson

Back in October of 2012, YIMBY broke news of plans for a significant hotel and retail tower at 701 Seventh Avenue, in Times Square, and now that excavation is nearly complete, foundation work is imminent on the 39-story, 452-key Marriott Edition, according to the New York Post. Dubbed 20 Times Square, the building will measure just under 270,000 square feet and will include 76,000 square feet of retail space. The retail base will also feature an 18,000 square-foot LED sign. Steven Witkoff, Ian Schrager, Winthrop Realty Trust, and Maefield Development are the developers, while PBDW Architects is designing. Completion is expected in 2017.

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