Commercial

Aerial view of the Hunts Point Terminal Market (via Google Maps)

Final Phase of $1.7B Hunts Point Access Improvement Project Kicks Off in the South Bronx

7:30 am on January 4, 2023 By Sebastian Morris

New York governor Kathy Hochul has announced the third and final phase of the $1.7 billion Hunts Point Access Improvement Project is now underway in the South Bronx. Launched in 2019, the goal of the project is to provide improved access between the Hunts Point Peninsula and the Sheridan and Bruckner Expressways for automobiles and trucks traveling to and from wholesale commercial businesses located on the peninsula. The project will also address infrastructure deficiencies in the area.

111 Wall Street’s New Façade Approaches Halfway Mark in Financial District, Manhattan

8:00 am on January 3, 2023 By Michael Young

Renovation work is progressing on 111 Wall Street, a 25-story commercial building in Manhattan’s Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, the $100 million project involves the full replacement of the structure’s mid-century façade, gut renovation of its 1.5 million square feet of office space, and the construction of an expanded lobby and amenity spaces designed by URBN Playground. Hunter Roberts Construction Group is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, South Street and the FDR Drive to the southeast, and Gouverneur Lane to the southwest.

The Green House Wraps Up Construction at 10-25 Jackson Avenue in Long Island City, Queens

7:30 am on January 3, 2023 By Michael Young

Construction is complete on The Green House, a 12-story residential building at 10-25 Jackson Avenue in Long Island City, Queens. Designed by Studio V Architecture and developed by Charney Companies, the structure yields 46 rental apartments in studio to three-bedroom layouts, ground-floor retail space, and 40 on-site parking spots. AMC Builders was the general contractor for the project, which is bound by 50th Avenue to the north, Jackson Avenue to the southeast, and Vernon Boulevard to the west.

Rendering of 418 East 75th Street - ARC Architecture + Design Studio

Renderings Revealed for Mixed-Use Expansion at 418-420 East 75th Street in Lenox Hill, Manhattan

7:00 am on January 3, 2023 By Sebastian Morris

Renderings have been released for 418-420 East 75th Street, a six-story mixed-use building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by ARC Architecture + Design Studio and developed by Robert Michaeli of Brooklyn B Company Group, the project involves the expansion of a two-story building into a condominium and retail property. The plot is located between First and York Avenues.

Permits Filed for 257 Driggs Avenue in Greenpoint, Brooklyn

6:30 am on January 3, 2023 By Vanessa Londono

Permits have been filed to expand a one-story commercial structure into a three-story mixed-use building at 257 Driggs Avenue in Greenpoint, Brooklyn. Located at the intersection of Driggs Avenue and Eckford Street, the lot is in walking distance of the Nassau Avenue subway station, serviced by the G train. Isaac Rosenberg under the 254 Melrose LLC is listed as the owner behind the applications.

TSX Entertainment’s LED Screen Turns On at 1568 Broadway in Times Square, Manhattan

8:00 am on January 2, 2023 By Michael Young

Construction on TSX Broadway, a 47-story hotel tower at 1568 Broadway in Times Square, has reached a milestone as crews have turned on TSX Entertainment’s 18,000-square foot podium LED display. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 550,000-square-foot structure will yield 661 hotel rooms operated by Tempo of Hilton as well as 100,000 square feet of retail space on the lower levels and Times Square’s only cantilevering outdoor performance stage. Positioned above the new retail space is the historic Palace Theater, which was renovated by PBDW Architects and lifted 30 feet above street level in early 2022. The property is located at the corner of Seventh Avenue and West 47th Street.

PENN2’s Overhaul Continues at Two Penn Plaza in Midtown, Manhattan

8:00 am on January 1, 2023 By Michael Young

Work continues on the renovation of PENN2, a 31-story mid-century commercial building at Two Penn Plaza in Midtown, Manhattan. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves a full-scale overhaul of the 412-foot-tall structure’s 1.61 million square feet of office space, replacement of its façade with a modern glass curtain wall, and the construction of a multi-story cantilevering volume along Seventh Avenue. GMSLLP is the façade consultant and Turner Construction Company and Skanska are the contractors for the property, which is located between West 31st and West 33rd Streets and a central part of the Penn District revitalization that will transform the area surrounding Penn Station and Madison Square Garden.

32 West 48th Street’s Foundations Take Shape in Midtown, Manhattan

7:30 am on January 1, 2023 By Michael Young

Foundation work is progressing at 32 West 48th Street, the site of a 31-story hotel tower in Midtown, Manhattan’s Diamond District. Designed by SLCE Architects and developed by Extell, the 456-foot-tall structure will span 213,158 square feet with 534 hotel rooms. AECOM Tishman is the general contractor for the project, which is located between Fifth and Sixth Avenues, directly south of Rockefeller Center.

Permits Filed for 183 20th Street in South Slope, Brooklyn

6:30 am on January 1, 2023 By Vanessa Londono

Permits have been filed for a nine-story mixed-use building at 183 20th Street in South Slope, Brooklyn. Located between 4th Avenue and 5th Avenue, the lot is four blocks south of the Prospect Avenue subway station, serviced by the R train. John Russo under the 651 4th Avenue LLC is listed as the owner behind the applications.

270 Park Avenue Soars Past First Setback in Midtown East, Manhattan

8:00 am on December 31, 2022 By Michael Young

The tallest building on our year-end construction countdown is 270 Park Avenue, JPMorgan Chase‘s 1,388-foot supertall headquarters in Midtown East. Designed by Lord Norman Foster of Foster + Partners and developed by Tishman Speyer, the 70-story skyscraper will yield 2.5 million square feet of office space and accommodate 15,000 employees, and will become the tallest building in New York powered completely by hydroelectric energy. Adamsom Associates is the architect of record, Banker Steel provided the steelwork, NYC Constructors is the steel subcontractor, Mueser Rutledge Consulting Engineers (MRCE) designed the structural foundation elements, Severud Associates is the engineer of record, R&R Scaffolding Ltd. will provide the BMU, and AEOCOM Tishman is the general contractor for the property, which occupies a full city block bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

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