Hotel

Grand Central Grand Hyatt

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

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.

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Brookfield’s $2 Billion Two Manhattan West Will Rise Without Anchor Tenant As One Manhattan West Nears Finish Line, in Midtown West

Brookfield is officially set to construct Two Manhattan West without an anchor tenant. The near-supertall tower will be the second-tallest skyscraper in the Manhattan West complex, comprising two million square feet of space, rising 935 feet to its rooftop, and enclosing 62 floors of office space, all at a cost of approximately $2 billion. Meanwhile, work on One Manhattan West is wrapping up, with the facade closing in on completion along the upper floors, while the construction crane is now coming down on the northern elevation.

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Times Square’s Hard Rock Hotel Gets Ready to Rise at 159 West 48th Street

Work is now progressing quickly for Times Square’s impending Hard Rock Hotel, situated between Sixth and Seventh Avenue at 159 West 48th Street. The 445-key inn is being designed by Berg + Moss Architects. The 225,000 square foot project is being developed by Extell, in partnership with Hard Rock International. The site was purchased by Extell eight years ago for $26 million, along with the necessary air rights that will allow the structure to rise 442 feet tall. The previously existing parking garage has since been demolished, and now work on the foundation is underway.

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145 West 47th Street Gets Off The Ground, Set to Become Another Times Square Hotel

Located between Sixth and Seventh Avenue in Times Square, 145 West 47th Street will soon yield a new 343-key hotel. Designed by Berg + Moss Architects, the hospitality project is well under way, and the first floor is now being formed and assembled. The building will stand 27 stories high when complete, and have a total square footage of around 141,500 square feet. The property was sold by Stahl Real Estate almost three years ago for $101.2 million dollars, and TriBeach Holdings is the new developer.

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