Macy’s is about to sell five stories of their nine-story building at 422 Fulton Street and the parking garage at 11 Hoyt Street (aka 217 Livingston Street) to Tishman Speyer for $170 million, according to Crain’s. Macy’s will consolidate commercial operations to 310,000 square feet, spanning the basement to the fourth floor, and Tishman will fund extensive renovations for those floor. As for the five upper floors Tishman is purchasing, those will be converted to office space and five more floors will be added up top. In the end, 10 stories of integrated office space is planned.
The Dupler Group is putting the land under a five-story office building at 222-226 East 46th Street, in Midtown East, on the market as a 99-year lease; the property is being valued at around $30 million. The site contains 72,000 square feet of development rights, and a developer could demolished the existing structure for a 33-story residential tower with as many as 96 rental units. Newmark Grubb Knight Frank is marketing the property, per The Real Deal.
Last week, YIMBY posted an update on construction at 175 Greenwich Street, aka Three World Trade Center, as the tower reached its halfway point, having risen 41/80 stories. Now we have new information that the building has in fact seen a height reduction from the previous version, dropping from 1,168 feet down to 1,079 feet, and we also have two new renderings of the podium.
The last time we checked on Silverstein’s 175 Greenwich Street (aka Three World Trade Center), work had resumed, and the core had just begun rising again. Now, five months later, the future supertall has just passed the halfway point in its rise. A project insider has sent along several photos, as well as a few snippets of information, including word that the structure is up to the 41st floor (out of 80 total).
Related’s redevelopment of the formerly open-air West Side railyards is now becoming very apparent on the skyline, thanks to the rapidly rising 10 Hudson Yards. The Kohn Pedersen Fox-designed tower is closing in on its pinnacle, and the latest photo sent in by reader Mike McLaughlin shows its newly prominent position on the horizon.