Amazon has officially acquired the historic Lord & Taylor Building at 424 Fifth Avenue in Midtown, Manhattan. Although Amazon and WeWork, the building’s former owner, have not released any statements on the deal, the transaction is reportedly valued between $978 million and $1.15 billion.
Permits have been filed for a 32-story mixed-use building at 308 West 43rd Street in Midtown West, Manhattan. Located between Eighth Avenue and Ninth Avenue, the through lot is around the corner from the 42 Street-Port Authority subway station, serviced by the A, C, and E trains. Taconic Partners under the 311 West 42nd Street Associates is listed as the owner behind the applications.
Edge observation deck, the most anticipated public-facing component of the Hudson Yards megaproject, is finally open. Perched 1,131 feet above Tenth Avenue on the 100th floor of Kohn Pedersen Fox’s 30 Hudson Yards, Edge galvanizes the new mixed-use neighborhood with an attraction unlike any other in New York.
Developer Tishman Speyer and Debevoise & Plimpton LLP have finalized negotiations for a massive 530,000-square-foot office at 66 Hudson Boulevard, aka The Spiral. The global law firm expects to relocate its headquarters from 919 Third Avenue in the second half of 2022. With this latest transaction, Tishman Speyer has now successfully pre-leased 54 percent of the building.
YIMBY’s 2019 New Building Report, released this time last year, showed a major jump in applications from 2017 into 2018, with new residential units filed with the Department of Buildings rising from 20,393 to 34,039. YIMBY’s 2020 New Construction Report shows that citywide gains continued into 2019, with total units filed increasing to 36,467, a jump of 2,428 or 7.1%. The full report is available in spreadsheet format at the link for $199.