Work continues to progress on the hotel and residential conversion of the 100-year-old Crown Building at 730 Fifth Avenue in Midtown into the Aman New York. 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 original 26-story structure, which was designed by Warren and Wetmore and served as the first home of the Museum of Modern Art. The property is located at the corner of Fifth Avenue and West 57th Street.
Permits have been filed for a ten-story mixed-use residential building at 25-10 42nd Road in Long Island City, Queens. Located at the intersection of Crescent Street and 42nd Road, the 82,365-square-foot lot is one block south of the Queensboro Plaza subway station, serviced by the 7, N, and W trains. The Queens Plaza station is also within walking distance, serviced by the E, M, and R trains. Mason Chen of Greenpoint Construction Corp. is listed as the owner behind the applications.
Times Square is now home to the newest edition of Margaritaville’s international lodging portfolio. The latest property, Margaritaville Resort Times Square, is located at 560 Seventh Avenue in Manhattan and officially opened its doors this summer.
Construction is topped out on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the property for $15 million in 2012, the 77,310-square-foot tower will yield 173 hotel rooms at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.
Exterior work is nearing completion 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 project will yield 85,851 square feet with retail space, offices, and a 72-room hotel operated by San Francisco-based hotelier Sonder Corp. The property is located at the intersection of Jackson Avenue and Pearson Street.