Office

Tower Fifth, rendering by TMRW via Gensler / the NY Times

Macklowe Properties Lands $192 million Refinancing for Tower Fifth Supertall

Macklowe Properties recently negotiated a refinancing package to the tune of $192 million for Harry Macklowe’s three Midtown parcels. Two of the lots, 5 East 51st Street and 12 East 52nd Street, could be the home of Tower Fifth, a 1,556-foot-tall office tower and New York City’s future tallest building by roof height. The refinancing from Fortress Investment Group also includes the 17 East 47th Street site and a new $50 million mortgage replacing a $124 million loan.

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FXCollaborative Celebrates Topping Out of One Willoughby Square, the Tallest New Office Building in Downtown Brooklyn

YIMBY recently attended the topping-out ceremony and ribbon cutting of One Willoughby Square, aka 420 Albee Square, in Downtown Brooklyn. The 34-story, 495-foot-tall reinforced concrete skyscraper is the tallest new office building in Brooklyn and will contain 500,000 square feet of newly built Class A office space. FXCollaborative is the designer and JEMB Realty is the developer of the project. Gilbane Building Company is in charge of the construction.

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Klövern and GDS Development Break Ground on 28 & 7 Office Building, at 322-326 Seventh Avenue, in Chelsea

Klövern and GDS Development recently broke ground on a new Manhattan boutique office project in Chelsea, called 28 & 7. Skidmore Owings & Merrill is the designer of the 12-story, class A office structure, which is located at 322-326 Seventh Avenue and is one of three properties that the two developers are working together on in New York City. Klövern is aiming to bring a more Scandinavian-inspired approach to the office market with higher sustainability standards and a more “human-scaled” design approach.

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Rendering of he Morgan North Post Office roof deck - Tishman Speyer

Tishman Speyer to Develop 630,000-Square-Foot Office Space Atop the Morgan North Postal Facility in West Chelsea

Tishman Speyer and the United States Post Office have concluded negotiations to redevelop the upper floors of a historic postal facility into a dynamic office complex above West Chelsea. Known as the Morgan North Postal Facility, the building was originally completed in 1933 and encompasses an entire city block from Ninth to Tenth Avenue and 29th to 30th Streets.

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