Commercial

Rendering of One Madison Avenue Expansion. Designed by Kohn Pedersen Fox

One Madison Avenue’s Vertical Expansion Set to Begin in Flatiron District, Manhattan

8:00 am on March 24, 2022 By Michael Young

A construction crane is now in position and ready for vertical progress on One Madison Avenue, a 27-story office tower expansion in Manhattan’s Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the project involves the gut renovation of an existing eight-story building and structural addition above its roof level, bringing the structure up to 1.4 million square feet of Class A office space. The National Pension Service of Korea and Hines are also part of the development team and recently acquired $1.25 billion in construction financing for the property, which occupies a full block bound by East 23rd and 24th Streets and Madison Avenue and Park Avenue South. The project team is aiming for both WELL and LEED Gold certification.

Rendering of 477 Main Street - Courtesy of Amir

Renderings Reveal Mixed-Use Rental Property at 477 Main Street in Hackensack, New Jersey

7:30 am on March 24, 2022 By Sebastian Morris

The first rendering has been revealed for a large mixed-used building at 477 Main Street in Hackensack, New Jersey. Designed by Jose Carballo Architectural Group, the structure will yield 130 rental units, 3,000 square feet of retail space, and a parking garage designed to accommodate 183 vehicles.

Permits Filed for 1259 St. Nicholas Avenue in Washington Heights, Manhattan

6:30 am on March 24, 2022 By Vanessa Londono

Permits have been filed for a five-story mixed-use building at 1259 St. Nicholas Avenue in Washington Heights, Manhattan. Located at the intersection of West 173rd Street and St. Nicholas Avenue, the corner lot is a short walk to the 175th Street subway station, serviced by the C train. Nancy Lin is listed as the owner behind the applications.

1841 Broadway Rises Quickly on Manhattan’s Upper West Side

8:00 am on March 23, 2022 By Michael Young

Construction is rising on 1841 Broadway, a 25-story residential building on Manhattan’s Upper West Side. Designed by INC Architecture & Design with SLCE Architects as the architect of record and developed by Global Holdings Management Group, the 281-foot-tall structure will yield 180,813 square feet with 173 market rate and affordable housing units as well as 11,741 square feet of retail space on the first two levels. Pavarini McGovern, LLC is the general contractor and DeSimone Consulting Engineers is the façade consultant for the property, which is located at the corner of Broadway and West 60th Street, just north of Columbus Circle and the southwest corner of Central Park.

IBM Confirmed as Anchor Tenant for One Madison Avenue in Flatiron District, Manhattan

7:30 am on March 23, 2022 By Sebastian Morris

IBM will consolidate its New York City offices and relocate to One Madison Avenue, a commercial office tower renovation and expansion currently underway in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green Realty Corp, the project involves the construction of a 530,000-square-foot addition atop the original eight-story building, for a total of 1.4 million square feet of Class A office space.

540 Fulton Street, designed by Marvel Architects

Work Continues on The Paxton’s Façade at 540 Fulton Street in Downtown Brooklyn

8:00 am on March 22, 2022 By Michael Young

Façade work is continuing on The Paxton, a 43-story mixed-use skyscraper at 540 Fulton Street in Downtown Brooklyn. Designed by Marvel Architects and developed by Jenel Management, the 511-foot-tall structure will yield 330,000 square feet with 327 residential units, 71,844 square feet of commercial space, and 22,054 square feet of retail housed in the multi-story podium. YIMBY last reported that M.N.S. is handling sales and marketing for the homes, which are expected to range from studios to three-bedroom layouts. The property is located at the intersection of Flatbush Avenue and Fulton Street.

Warren Street Hotel Tops Out at 86 Warren Street in Tribeca, Manhattan

7:30 am on March 22, 2022 By Michael Young

Construction has topped out the Warren Street Hotel, an 11-story building at 86 Warren Street in Tribeca. Designed by Stonehill Taylor and developed by Solil Management, the 135-foot-tall structure will yield 44,000 square feet and 70 guest rooms operated by Firmdale Hotels, as well as a restaurant, a drawing room, an orangery, a bar, and a private event space. Pavarini McGovern, LLC is the general contractor, Kit Kemp is the interior designer, and Paul Taylor under the Warren Street Hotel LLC is the owner behind the previously filed permit applications for the property, which is located between Greenwich Street and West Broadway.

Terrace of 295 Fifth Avenue in Midtown South

295 Fifth Avenue’s Two-Story Penthouse Addition Nears Completion in Midtown, Manhattan

7:00 am on March 22, 2022 By Sebastian Morris

Work is nearing completion on a two-story penthouse addition atop Manhattan’s historic Textile Building at 295 Fifth Avenue in Midtown South is nearly complete. Designed by Studios Architecture, the 34,000-square-foot penthouse will contain a mix of collaborative workspaces and several landscaped terraces.

Permits Filed for 232 Fourth Avenue in Gowanus, Brooklyn

6:30 am on March 22, 2022 By Vanessa Londono

Permits have been filed for a ten-story mixed-use building at 232 Fourth Avenue in Gowanus, Brooklyn. Located between Union and President Streets, the lot is steps from the Union Street subway station, serviced by the R train. DSSR Realty Corp. is listed as the owner behind the applications.

141 Willoughby Street’s Façade Closes in on Roof Parapet in Downtown Brooklyn

8:00 am on March 21, 2022 By Michael Young

Façade installation is nearing the roof parapet of 141 Willoughby Street, a 24-story commercial building in Downtown Brooklyn. Designed by Fogarty Finger with SLCE as the executive architect and developed by Savanna Real Estate, the 400,000-square-foot structure will yield a mix of Class A offices and lower-level retail space, and is expected to achieve LEED certification. Gilbane Building Company and Savcon are the general contractors, Thornton Tomasetti is the structural engineer, and AKF Group LLC is the MEP engineer of the property, which rises from a trapezoidal plot bound by Willoughby Street to the south, Gold Street to the west, and Flatbush Avenue Extension to the east.

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