The Virgin Hotel at 1225 Broadway in NoMad is steadily making its way toward completion. The glass curtain wall is closing in on the upper portions of the flat roof parapet, while more steel columns, beams, and metal decking for the podium section of the property have been inserted into place. There will be a total of about 300,000 square feet of newly built space, mostly being allocated towards the 460 hotel rooms. The podium will contain 90,000 square feet of retail. Lam Group is the developer of the property, and Sir Richard Branson of Virgin Group will be in charge of managing the address.
Permits have been filed for a three-story hotel at 4325 Park Avenue in Tremont, The Bronx. Located between East 179th Street and East 180th Street, the lot is near the Tremont Avenue subway station, serviced by the B and D trains. Matat Yuri under the 425 East 179th Street LLC is listed as the owner behind the applications.
Façade work is wrapping up on the Verizon Tech Executive Education Center and Graduate Hotel on Roosevelt Island. The 18-story structure is designed by Snohetta and includes an adjacent four-story wing. Graduate Hotels will be the hotel operator of the project, which will have 196 rooms and amenities such as event spaces, a rooftop bar, a restaurant, a cafe, and four 50- to 75-seat classrooms. Skidmore, Owings & Merrill is the master planner of the campus, while Hudson Companies, Related Companies, and Brookfield are developing the entire Cornell Tech satellite campus.
Excavation work for the foundations of 159 Broadway in Williamsburg, Brooklyn is nearing completion. Excavators have extracted a large amount of dirt from the property, which sits directly next to the 144-year-old landmarked Williamsburgh Savings Bank. The 26-story mixed-use residential project, which is designed by Stonehill & Taylor Architects and developed by Cornell Realty Management LLC, will yield 133,340 square feet and stand 277 feet tall.
Preparation for the demolition of 1568 Broadway is continuing to gear up as scaffolding and construction netting now shroud almost the entire 46-story Times Square tower. The 29-year old structure served as a DoubleTree hotel and will be replaced by a new hotel, with tenants yet to be announced. The proposed 550,000-square-foot development is called TSX Broadway and will preserve and lift the 106-year-old Palace Theatre three stories above the ground floor to make way for new retail space. The $2.5 billion project is being developed by L&L Holding Company, Maefield Development, and Fortress Investment Group.