123 West 23rd Street

Developer Acquires Site of Planned 35-Story Residential-Hotel Project at 131 West 23rd Street, Chelsea

6:30 am on November 16, 2016 By Reid Wilson

JHG Holdings has acquired, for $50.4 million, the Parish of St. Vincent de Paul at 123 West 23rd Street and the four-story tenement buildings at 116-120 West 24th Street, in Chelsea. The developer also owns the four-story hotel at 131 West 23rd Street, The Real Deal reported. The assemblage’s footprint measures 17,968 square feet and plans are already on file for a 35-story residential-hotel project.

68 West 126th Street

11-Unit SRO Transformed Into Six-Story, Six-Unit Residential Building at 68 West 126th Street, Harlem

6:00 am on November 16, 2016 By Reid Wilson

Construction is wrapping up on an expansion project at 68 West 126th Street, in Harlem, as seen in a picture by Harlem+Bespoke. A formerly dilabidated four-story, 11-unit brownstone SRO building has been redeveloped into a six-story, six-unit residential structure, per the latest building permits. The building now has 5,578 square feet of residential space, which means the apartments should average 930 square feet apiece. Many of the units will occupy an entire floor, although it’s unknown if they will be rentals or condominiums. An anonymous Harlem-based LLC is the property owner and Barry Goldsmith’s Brooklyn-based firm is the architect of record.

Completion Nears for Hotel at 40-47 22nd Street in Northern Long Island City

3:00 pm on November 15, 2016 By Vitali Ogorodnikov

Completion is near for the 10-story, 74-room hotel under construction at 40-47 22nd Street, in northern Long Island City. The property will most likely operate under the Howard Johnson brand, which completed another 10-story hotel four blocks northwest at 38-61 12th Street in 2014. The project’s developer is Ratan Realty Three LLC, with Michael Kang serving as the architect.

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701 Seventh Avenue

42-Story, 452-Key EDITION Hotel Ascends at 701 Seventh Avenue, Times Square

1:00 pm on November 15, 2016 By Reid Wilson

Vertical construction is moving full steam ahead on the 42-story, 452-key EDITION hotel (by Marriott) under development at 701 Seventh Avenue. That’s on the corner of West 47th Street in the heart of Times Square. The progress can be seen thanks to a photo posted to the YIMBY Forums. The tower, dubbed 20 Times Square, will rise 517 feet above street level and will contain 269,769 square feet of commercial space, according to the latest building permits. Retail space will be located on two cellar levels and the ground through fourth floors. Actual hotel rooms will be located on the 14th through 40th floors.

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