Commercial

2 World Trade Center. Rendering courtesy of Foster + Partners.

2 World Trade Center Officially Restarts Construction with Ceremonial Groundbreaking in Financial District, Manhattan

By Michael Young and Matt Pruznick

A groundbreaking ceremony was held yesterday to mark the official resumption of construction on 2 World Trade Center, a 55-story commercial supertall in Manhattan’s Financial District. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the 1,226-foot-tall skyscraper is the final component of the 16-acre World Trade Center complex and is slated to yield 2 million rentable square feet of office space. Port Authority of New York & New Jersey (PANYNJ) is the owner of the project site, which occupies a full block bounded by Vesey Street to the north, Fulton Street to the south, Church Street to the east, and Greenwich Street to the west.

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Permits Filed for 895 Reverend James A. Polite Avenue in Longwood, The Bronx

By Vanessa Londono

Permits have been filed for a seven-story mixed-use building at 895 Reverend James A. Polite Avenue in Longwood, The Bronx. Located at the intersection of East 163rd Street, Westchester Avenue, and Reverend James A. Polite Avenue, the lot is near the Intervale Avenue subway station, served by the 2 and 5 trains. Menacham Harfenes of MJH Construction Corp. is listed as the owner behind the applications.

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Rendering courtesy of DBOX.

Demolition Underway for 1,414-Foot Supertall at 350 Park Avenue in Midtown East, Manhattan

By Michael Young and Matt Pruznick

Demolition has begun at 350 Park Avenue, the site of a 1,414-foot supertall office skyscraper in Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the 64-story structure will yield 1.8 million square feet of Class A office space with a capacity of 6,000 employees. Griffin’s companies Citadel and Citadel Securities will serve as the anchor tenants, occupying at least 850,000 square feet. The 53,000-square-foot property is located between East 51st and 52nd Streets.

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43-42 43rd Street. Photo by Michael Young.

99-Unit Project Remains on Hold at 43-42 43rd Street in Sunnyside, Queens

By Michael Young and Matt Pruznick

Construction is on hold at 43-42 43rd Street, the site of an eight-story mixed-use residential building in Sunnyside, Queens. Designed by Gerald Caliendo Architects for John J. Ciafone of City View Construction Corp., the 79-foot-tall structure will span 73,762 square feet and yield 99 rental units with an average scope of 677 square feet. The project will also include 6,664 square feet of commercial space, two cellar levels, a 31-foot-long rear yard, and a 138-vehicle parking garage, according to permits filed in November 2021. The property is located at the northwest corner of 43rd Street and Roosevelt Avenue.

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70 Westchester Avenue.

70 Westchester Avenue Breaks Ground in White Plains, Westchester County

By Michael Young and Matt Pruznick

Construction is underway at 70 Westchester Avenue, the site of a ten-story mixed-use residential complex in White Plains, New York. Designed by Design Development and developed in a joint venture between Cord Meyer Development and Saber Real Estate North, the approximately 331,691-square-foot project will yield 203 units. The development will also include 9,600 square feet of ground-floor commercial space, and a 266-vehicle parking garage with EV chargers. The property is located between South Broadway and Bloomingdale Road, directly across from The Westchester shopping center.

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