Commercial

550 Madison Avenue’s Landscaped Public Plaza Nears Completion in Midtown East, Manhattan

8:00 am on July 20, 2022 By Michael Young

Work is nearing completion on the new public plaza adjacent to 550 Madison Avenue, a landmarked 37-story commercial skyscraper in Midtown East. Developed by The Olayan Group and RXR Realty, the 684-foot-tall postmodern building is undergoing a 21,000-square-foot indoor-outdoor renovation, which includes a triple-height steel-framed glass canopy designed by Snøhetta and a revamped lobby designed by Gensler. AECOM Tishman is serving as the general contractor for the project, which is located between East 55th and 56th Streets and is aiming for LEED Platinum and WELL Gold certifications.

Rendering of One Clinton Park (left) and Two Clinton Park (right) - Courtesy of RXR Realty

RXR Celebrates Completion of One Clinton Park in Downtown New Rochelle

7:30 am on July 20, 2022 By Sebastian Morris

Construction is now complete on One Clinton Park, a 28-story mixed-use tower at 55 Clinton Place in downtown New Rochelle. Designed by PS&S and MdeAS Architects and developed by RXR Realty, the structure yields 352 rental units in one- to three-bedroom floor plans as well as ground-floor retail space. All of the units come with smart home technology, washer and dryer, and access to a full suite of amenities.

New Renderings Revealed for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

8:00 am on July 19, 2022 By Michael Young

YIMBY has an exclusive set of new renderings for a 47-story residential skyscraper at 550 Tenth Avenue in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot tower will yield 453 units with 316 at market rate and 137 for moderate and middle incomes, as well as 9,000 square feet of retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. Demolition is complete and foundations are underway at the site, which is located along Tenth Avenue between West 40th and 41st Streets.

Permits Filed for 2719 Fulton Street in Cypress Hills, Brooklyn

6:30 am on July 19, 2022 By Vanessa Londono

Permits have been filed for a six-story mixed-use building at 2719 Fulton Street in Cypress Hills, Brooklyn. Located between Wyona Street and Bradford Street, the lot is three blocks west of the Van Siclen Avenue subway station, serviced by the J and Z trains. Sanjeev Kumor is listed as the owner behind the applications.

Demolition Nears Ground Level at 123 West 57th Street in Midtown, Manhattan

7:00 am on July 18, 2022 By Michael Young

Demolition is moving along rapidly at 123 West 57th Street, the site of a 26-story commercial building on Billionaires’ Row in Midtown, Manhattan. Alchemy Properties and ABR Partners closed a $120 million deal to purchase the Midtown property from Calvary Baptist Church. ABR Partners’ equity partner, Cain International, had brought on Security Benefit Life as the new lender for the project, which will yield 185,000 square feet of office space and is estimated to cost $350 million. The property is located on a plot bound by West 57th Street to the south, West 58th Street to the north, Sixth Avenue to the east, and Seventh Avenue to the west.

Street-level view of 509 West 38th Street - BKSK Architects

Manhattan Neighborhood Network Reveals New Media Facility at 509 West 38th Street in Midtown, Manhattan

6:30 am on July 18, 2022 By Sebastian Morris

The Manhattan Neighborhood Network has partnered with Kostow Greenwood Architects to complete a new media production facility and screening studio at 509 West 38th Street in Midtown, Manhattan. Located on the condominium building’s third and fourth floors, the new build-out will comprise 23,651 square feet and will serve as the network’s West Side headquarters.

Exterior Work Wraps on NYU’s Expansion at 181 Mercer Street in Greenwich Village, Manhattan

8:00 am on July 17, 2022 By Michael Young

Construction is nearing completion on 181 Mercer Street, NYU‘s expansion in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the three-tower structure will yield 735,000 square feet and is expected to achieve LEED gold certification. Turner Construction Company is the general contractor for the property, which occupies a full block between Houston, Mercer, and Bleecker Streets and I.M. Pei’s University Village complex. The project is the culmination of more than a decade of planning and underwent numerous design changes before ground broke in 2018.

Demolition Underway at 405 Park Avenue in Midtown East, Manhattan

7:30 am on July 17, 2022 By Michael Young

Demolition work is ramping up at 405 Park Avenue, the site of a potential skyscraper in Midtown East, Manhattan. Original plans from several years ago called for a renovation that would have added several floors to the existing 17-story structure, but full demolition permits were filed in January 2021. MRP Realty is the owner and Titan Industrial SVC Corp. is serving as the demolition contractor for the property, which is located at the corner of Park Avenue and East 54th Street.

Excavation Underway for 360 Bowery Office Tower in NoHo, Manhattan

8:00 am on July 16, 2022 By Michael Young

Excavation and foundation work are in full swing at 360 Bowery, the site of a 22-story commercial building in Noho, Manhattan. Designed by Morris Adjmi Architects and developed by AECOM-Canyon Partners under the ACEF-CBSKI 360 Bowery LLC, the 275-foot-tall structure will yield 112,617 square feet with 72,151 square feet of office space, 26,637 square feet of community facility space, and a cellar. SK Development of CBSK Ironstate are the owners and CM & Associates is the general contractor for the property, which is located at the corner of Bowery and East 4th Street.

Developer Secures $378M to Complete 90Ninety at 166-20 90th Avenue in Jamaica, Queens

7:30 am on July 16, 2022 By Sebastian Morris

BRP Companies has secured a $378 million financial package to complete 90Ninety, a new mixed-use community in Jamaica, Queens. Located at 166-20 90th Avenue, the property sits across the street from the Jamaica Bus Terminal and will eventually deliver 614 mixed-income rental units, 25,000 square feet of ground-floor retail, and a 5,000-square-foot community space.

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