Hotel

23-20 Jackson Avenue Completes Construction in Long Island City, Queens

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

Construction is complete on 23-20 Jackson Avenue, a nine-story mixed-use building in Long Island City, Queens. Designed by KSQ Architects and developed by The Vorea Group, the 85,851-square-foot structure yields retail space, offices, and a 72-room hotel operated by San Francisco-based hotelier Sonder Corp. King Contracting Group was in charge of assembling the red brick façade for the property, which is located at the intersection of Jackson Avenue and Pearson Street.

YIMBY Checks Out the Views From TSX Broadway at 1568 Broadway in Times Square, Manhattan

8:00 am on February 14, 2022 By Michael Young

YIMBY went on a tour of TSX Broadway, a 46-story hotel that topped out last week at 1568 Broadway in Times Square. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 470-foot-tall tower will yield 550,000 square feet with a 669-key hotel, retail space, restaurants, and a cantilevering outdoor performance stage that overlooks Times Square. The property is also home to the historic Palace Theatre, which will soon be raised by Urban Foundation and Engineering. PBDW Architects is restoring the interior of the theatre, and Pavarini McGovern is the general contractor for 1568 Broadway, which is located at the corner of Seventh Avenue and West 47th Street. The project is expected to cost around $2.5 billion.

Virgin Hotel’s Exterior Wraps Up at 1225 Broadway in NoMad, Manhattan

7:30 am on February 13, 2022 By Michael Young

Exterior work is finishing up on the Virgin Hotel, a 38-story tower at 1225 Broadway in NoMad. Designed by Stantec and developed by Lam Group, the 476-foot-tall, 300,000-square-foot structure will contain 460 hotel rooms managed by Sir Richard Branson of Virgin Group. Flintlock Construction Systems, LLC is the general contractor for the property, which is bound by Broadway, West 29th Street, and West 30th Street.

Final flag and beam rises above Manhattan at TSX Broadway (1568 Broadway) - L&L Holding Company

TSX Broadway Tops Out at 1568 Broadway in Times Square, Manhattan

7:30 am on February 10, 2022 By Sebastian Morris

Construction has officially topped out on TSX Broadway, a 46-story mixed-use hotel tower at 1568 Broadway in Times Square. Designed by Perkins Eastman and Mancini Duffy and developed by L&L Holding Company and Fortress Investment Group, the 470-foot-tall structure will yield 550,000 square feet with a 669-key hotel, retail space, restaurants, and an outdoor performance venue that overlooks Times Square. The building will also serve as the new home of the historic Palace Theatre, which is being raised 30 feet to make room for ground-floor retail space. The project is projected to cost $2.5 billion and debut early 2023.

456 Greenwich Street’s Brick Façade Installation Wraps Up in Tribeca, Manhattan

7:30 am on February 7, 2022 By Michael Young

Façade work is wrapping up on 456 Greenwich Street, an eight-story hotel building in Tribeca. Designed by Stephen B. Jacobs Group with Martin Brudnizki Design Studio as the interior designer, and developed by Caspi Development, the 94,000-square-foot structure will yield 96 Art Deco-inspired guest rooms operated by Groupe Lucien Barrière of the Hôtel Barrière Le Fouquet’s Paris. AECOM Tishman is the general contractor for the Lower Manhattan development, which is bound by Greenwich Street to the east, Desbrosses Street to the south, and Washington Street to the west.

GFI Completes $195M Refinancing of The Beekman Hotel at 123 Nassau Street in Financial District, Manhattan

7:00 am on February 6, 2022 By Sebastian Morris

An affiliate of GFI Capital Resources has secured $195 million in refinancing for The Beekman, a historic landmarked hotel in Manhattan’s Financial District. The deal included a $130 million senior loan with Bank OZK arranged by Newmark and a $65 million subordinate financing raised from bond investors on the Tel Aviv Stock Exchange.

46-Story Dual-Brand Marriott Opens at 140 West 28th Street in Chelsea, Manhattan

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

Construction is complete and occupancy has begun at 140 West 28th Street, a 46-story dual-brand Marriott Hotel tower in Chelsea. Designed by Gene Kaufman Architect and developed by Sam Chang of the McSam Hotel Group, the 470-foot-tall tower yields 173,000 square feet and 531 guest rooms split between a 284-room Springhill Suites and a 247-room Townplace Suites. Omnibuild served as the general contractor for the project, which is located between Sixth and Seventh Avenues in the Flower District of Midtown, Manhattan.

Façade Installation Wrapping Up for 1,046-Room Hilton Hotel at 150 West 48th Street in Times Square, Manhattan

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

Construction is wrapping up on 150 West 48th Street, a 38-story triple-brand Hilton hotel tower in Times Square. Designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, the 418-foot-tall, 320,000-square-foot structure will yield 1,046 hotel rooms across a Hampton Inn, a Home 2 Suites, and a Motto Hotel, Hilton’s newest brand of micro-hotels. McSam Hotel Group purchased the Midtown, Manhattan site from Rockefeller Group in early 2019 at a cost of $140 million and received a $250 million loan before construction broke ground in 2020. Omnibuild is in charge of erecting the tower, which is located by the corner of West 48th Street and Seventh Avenue.

Excavation for Extell’s 32 West 48th Street Underway in Midtown, Manhattan

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

Ancora Engineering was the engineer of record for the previous demolition and current excavation.

Aman New York at the Crown Building Readies for Spring Debut at 730 Fifth Avenue in Midtown, Manhattan

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

Work is getting close to completion on The Aman New York, a residential and hotel conversion and expansion of the 30-story Crown Building at 730 Fifth Avenue in Midtown. Designed by Jean-Michel Gathy and developed by OKO Group, the project involves the construction of a low-rise annex and the restoration and repurposing of the 101-year-old Warren and Wetmore-designed office tower into 83 guest rooms and 22 residences. Gilbane Building Company is serving as the general contractor for the development, which spans Fifth Avenue between West 56th and West 57th Streets, aka Billionaires’ Row.

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