Commercial

TF Cornerstone and MSD Partners to Redevelop Grand Hyatt in Midtown East

6:30 am on February 10, 2019 By Vanessa Londono

The Grand Hyatt New York next to Grand Central Terminal may soon be replaced. Developers TF Cornerstone and MSD Partners, L.P. recently announced their plans to redevelop the site in East Midtown, at 42nd Street and Lexington Avenue. The new mixed-use project would take the place of the existing building, adding 2 million square feet of retail and prime class A office space. In addition, the proposal also includes a new (but smaller) Grand Hyatt hotel.

Kohn Pedersen Fox’s 17-Story Addition at 441 Ninth Avenue Progresses Above Midtown

8:00 am on February 8, 2019 By Michael Young

Standing one block away from the Manhattan West complex is 441 Ninth Avenue. Located between 34th Street and 35th Street, the site sits among a hive of construction projects that have since sprouted in this section of Midtown. The mixed-use project will soon consist of a new 17-story addition above an existing eight-story 57-year-old building. There will be several retail spaces on the ground floor, as well as office and commercial space above. Cove Property and Baupost Group are the developers of the 700,000 square foot project, named “Hudson Commons.” Kohn Pedersen Fox is in charge of the design for the new extension.

Work Wraps for Rafael Vinoly’s Futuristic 61 Ninth Avenue, In The Meatpacking District

8:00 am on February 6, 2019 By Michael Young

Standing nine stories tall directly across from Chelsea Market, 61 Ninth Avenue sits in the heart of the Meatpacking District. Designed by Rafael Vinoly Architects, the new 170,000 square foot commercial structure rises 135 feet tall. Vornado Realty Trust and Aurora Capital are the developers of the project.

Renderings Revealed for Mixed-Use Development at 29-31 Leonard Street, in the Tribeca West Historic District

7:00 am on February 5, 2019 By Sebastian Morris

GE-T Architects have revealed proposals to renovate an existing, seven-story building at 29-31 Leonard Street, located within the Tribeca West Historic District. Silvera Properties reportedly purchased the property in 2018 for $24.5 million, and the submission will head to the City’s Landmarks Preservation Commission this week for review.

Morris Adjmi Architects Reveal New Mixed-Use Development Proposed for 38 West 8th Street, in Greenwich Village

7:00 am on February 4, 2019 By Sebastian Morris

Morris Adjmi Architects will soon appear before the city’s Landmarks Preservation Commission to propose a new mixed-use development in Greenwich Village, Manhattan. If approved, the existing one-story commercial building at 38 West 8th Street would be replaced by a six-story residential property with ground-floor retail and a small community facility.

277 South Fifth Street Closing In On Final Floors Above Williamsburg, Brooklyn

8:00 am on February 2, 2019 By Michael Young

Dubbed “The Dime,” 277 South Fifth Street will be a new 264-foot tall residential tower in Williamsburg, Brooklyn. The reinforced concrete building is close to topping off behind the Dime Savings Bank landmark. The project sits on a 50,000 square foot site, almost an acre in size, and will span just over 350,000 square feet.

Exclusive New Interior Renderings Revealed for 307 Grand Street, Williamsburg, Brooklyn

7:30 am on February 2, 2019 By Sebastian Morris

In an exclusive release, new renderings from architects STUDIOSC reveal elegant, residential interiors currently under construction at 307 Grand Street in Williamsburg, Brooklyn. Positioned on the busy corner of Grand Street and Havemeyer Street, the mixed-use building will also contain 3,130 square feet of dedicated commercial area.

Renderings Revealed for Fogarty Finger Architects’ 387 8th Street, in Jersey City

7:30 am on January 30, 2019 By Sebastian Morris

Forgarty Finger Architecture has unveiled official renderings of a new mixed-use residential building in Jersey City. The rising property is located at 387 8th Street, and sits squarely within the new Enos Jones Redevelopment Plan Area. Given the property’s location, developer RAFA Realty was required to seek special approvals from the Jersey City Redevelopment Agency (JCRA), which were granted in September 2018.

Rendering of 787 Eleventh Avenue by Rafael Viñoly. © Neoscape

The Georgetown Company Secures $410 Million in Financing for 787 Eleventh Avenue on Manhattan’s Far West Side

7:00 am on January 29, 2019 By Sebastian Morris

The Georgetown Company has announced a new $410 million financing package for their recently completed office building at 787 Eleventh Avenue. According to the company, the investment from Societe Generale (SocGen) replaces a $350 million construction loan from the Blackstone Group, Goldman Sachs, and ICBC.

171 Bowery in the Lower East Side, Manhattan

New Filings for 171 Bowery on the Lower East Side, Manhattan

6:30 am on January 29, 2019 By Vanessa Londono

Permits have been filed for a ten-story commercial building at 171 Bowery, on the Lower East Side of Manhattan. Located between Broome Street and Delancey Street, the interior lot is two blocks north of the Grand Street subway station, serviced by the B and D trains. Grant Shapolsky of Shapolsky Real Estate is listed as the owner behind the applications, under Prime Manhattan Development LLC.

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