Following last year’s purchase of 685 Fifth Avenue, developer Michael Shvo has announced a partnership with Mandarin Oriental Hotel Group to manage a collection of condominiums within the property. Rounding out the development team for the project is Turkish investment group Bilgili Holding and investment management firm Deutsche Finance.
A highly anticipated LPC hearing for the renovation and exterior alteration at the New York Public Library’s Stephen A. Schwarzman Building at 476 Fifth Avenue will take place later today. Earlier this month, the Landmarks Committee of Community Board 5 met to discuss proposed changes to the library that would introduce new outdoor areas.
In a surprise announcement, real estate investment firm RFR is in pursuit of a new anchor tenant to fill 300,000 square feet of Class-A office space at 345 Park Avenue South. The available space amounts to almost the entirety of the property, including a new private rooftop terrace.
Oxford Properties Group has unveiled a luminous revamp of an interior public plaza within Manhattan’s Olympic Tower. Originally constructed in 1974 by Skidmore, Owings and Merrill (SOM), the plaza was reimagined by MdeAS Architects who oversaw the $30 million overhaul.
The Grand Hyatt New York next to Grand Central Terminal may soon be replaced. Developers TF Cornerstone and MSD Partners, L.P. recently announced their plans to redevelop the site in East Midtown, at 42nd Street and Lexington Avenue. The new mixed-use project would take the place of the existing building, adding 2 million square feet of retail and prime class A office space. In addition, the proposal also includes a new (but smaller) Grand Hyatt hotel.