Progress is finally advancing on the Korean Cultural Center of NYC, at 122-126 East 32nd Street. Located in the Midtown neighborhood of Murray Hill, on East 32nd Street between Lexington and Park, construction began on June 28th with a panel of dignitaries who attended the groundbreaking event. The building will be designed by SAMOO Architecture PC, and is being developed by Young Park, of Level Group. The Consulate General of the Republic of Korea, NY, purchased the site for $15.8 million back in March 2008, which included nearly 4,500 square feet of air rights from the neighboring four-story building.
Progressing at breakneck speed since the demolition of the original extant commercial buildings in early 2016, One Vanderbilt‘s rise into the Midtown skyline has occurred at the quickest pace since the Roaring Twenties, when the Chrysler Building and Empire State Building were each completed within very short timeframes.
Renderings are out for a new look coming to 155 East 44th Street. The office building’s entrance and lobby will be redesigned to resemble a welcoming environment, along with the lounge, terrace, and modernized pre-war offices. The 35-story office building, designed by Ely Jacque Kahn, will be renamed 10 Grand Central, in recognition of being located within Midtown’s Grand Central Submarket area.
Earlier today, Gamma Real Estate secured approval from the Board of Standards and Appeals to continue with construction of the Foster + Partners designed residential tower that will rise over 800 feet above its surrounding context, at 3 Sutton Place. Located just south of the Ed Koch Queensboro Bridge on East 58th Street between Sutton Place South and 1st Avenue, and only a stone’s throw away from the East River, the project has continued to stir controversy and disapproval from local NIMBYs, who have been attacking the plans since renderings were revealed back in December 2015.
425 Park Avenue in Midtown East has been the focus of much interest, with good reason. Unlike the full demolition and larger replacement impending for the Union Carbide Building, the old pre re-zoning regulations forced 425 Park’s developers to maintain 25% of the extant structure in order to build to its exact original square footage. Now, steel and concrete for the Foster + Partners creation are finally rising above the old shell, and the project is slowly moving upwards and into the neighborhood skyline.