Office

New Renderings Show Tishman Speyer’s Residential Towers and Office Complex Under Development in Long Island City

8:00 am on September 20, 2016 By Reid Wilson

As three residential skyscrapers begin their ascent skyward at 28-10 Jackson Avenue, in Long Island City, renderings for them have finally surfaced per the Wall Street Journal. The towers will stand 43, 45, and 53 stories, respectively, and will together encompass an enormous 1,687,776 square feet. There will be 1,900 residential units and 13,807 square feet of ground-floor retail space. In addition to a slew of amenities, the complex will sport a private 2.5-acre park in the center. Goldstein, Hill, & West Architects is behind the design. Tishman Speyer and H&R Real Estate Investment Trust are the developers.

Nine-Story, 142,500-Square-Foot Commercial Building Rises Above Street Level at 540 West 26th Street, West Chelsea

6:30 am on September 20, 2016 By Reid Wilson

Construction is up to the third floor on the nine-story, 142,554-square-foot mixed-use commercial building at 540 West 26th Street, in West Chelsea. The latest photos can be seen on the YIMBY Forums. The most recent building permits indicate the project will eventually measure 142,554 square feet and rise 135 feet above street level. The developers have already pre-leased 85,421 square feet across portions of the ground through fifth floors to Avenues: The World School, a private school. The sixth through ninth floors will contain office space and the ground floor will feature an art gallery space. The real estate fund Savanna and the Silvermintz family are developing the building, while Morris Adjmi Architects is designing it. Completion is expected in 2017.

Reveal for Swiss Institute’s New Two-Story, 7,500-Square-Foot Headquarters at 130 Second Avenue, East Village

2:00 pm on September 19, 2016 By Reid Wilson

In September of 2015, Stellar Management acquired, for $12 million, the two-story, 7,500-square-foot commercial building at 130 Second Avenue. That’s located on the corner of St. Marks Place in the East Village. It has now been revealed that Stellar will renovate the existing building, formerly occupied by a Chase bank branch. It will become the headquarters of the currently TriBeCa-based non-profit art organization Swiss Institute, Curbed NY reported. Besides upgraded office space, new elements will include event spaces, a library, a bookstore, and a rooftop terrace. Selldorf Architects is designing the renovation and completion is expected in 2017.

61-63 Crosby Street, existing and proposed

Landmarks Approves Renovations for Commercial Conversion of 61-63 Crosby Street, SoHo

3:00 pm on September 13, 2016 By Evan Bindelglass

A pair of over century-old combined buildings in SoHo are on their way back to commercial use. Last Tuesday, the Landmarks Preservation Commission approved a proposal for 61-63 Crosby Street.

New Details Revealed of Planned 500,000-Square-Foot Office Tower at 420 Albee Square, Downtown Brooklyn

11:00 am on September 13, 2016 By Reid Wilson

YIMBY revealed preliminary renderings of a planned office building at 420 Albee Square, in Downtown Brooklyn, when the New York City Economic Development Corporation announced the project back in November of 2015. Now, new details are emerging. Dubbed One Willoughby Square, it will measure roughly 500,000 square feet. Kohn Pedersen Fox is responsible for the design, although the final vision is still to be determined, the Wall Street Journal reported. It’s unclear how many floors there will be or how high the building will rise since new building applications have yet to be filed. The developers, JEMB Realty and Forest City Ratner Companies, are currently seeking an anchor tenant. Construction is expected to begin in 2017. The 22,840-square-foot site is currently vacant.

Renovation, Expansion Planned for Eight-Story, 423,000-Square-Foot Office Building at 441 Ninth Avenue, Hudson Yards District

11:00 am on September 7, 2016 By Reid Wilson

The eight-story, 423,000-square-foot office building at 441 Ninth Avenue — located between West 34th and 35th streets in the Hudson Yards District — is slated to be renovated and vertically expanded by 150,000 square feet. Portions of the ground floor could also be converted into retail space, The Real Deal reported. The plans haven’t been filed with the Buildings Department yet. The Cove Property Group and hedge fund Baupost Group are the developers. The duo recently acquired the property for $330 million. The structure was originally built as a warehouse in 1953 and later converted into an office property in the 1980s. The existing tenant is expected to vacate the property within one year.

730-Unit Mixed-Use Project Proposed at 2460 Second Avenue, East Harlem

6:30 am on September 1, 2016 By Reid Wilson

The New York City Economic Development Corporation (NYCEDC) has released preliminary plans, ahead of a presentation set to be given later in September, to develop a 1.1-million-square-foot mixed-use project at 2460 Second Avenue, in northern East Harlem. The city-owned property, currently a vacant 105,000-square-foot former bus depot, was the site of a church and a slave burial ground during the 17th century, Commercial Observer reported. The redevelopment would include a 15,000-square-foot living memorial and cultural center in honor those who were buried there. The rest of the project could include 730 rental apartments, half of which would rent at below-market rates. In addition, the plan calls for 315,000 square feet of commercial space, including retail and offices, and 30,000 square feet for community facilities. It would be accommodated by a 300-car parking garage and 18,000 square feet of outdoor space. Since the site is city-owned, the project must be approved through the Uniform Land Use Review Procedure (ULURP). Completion is tentatively set for 2022. The block-encompassing site is located between East 126th and 127th streets.

3 World Trade Center and 4 World Trade Center (left to right). Photo by Tectonic via YIMBY Forums

Glass Nears Halfway Mark at 3 World Trade Center, Financial District

4:30 pm on August 31, 2016 By Evan Bindelglass

The 15th anniversary of the 9/11 terrorist attacks is less than two weeks away, and there is new and noticeable progress that has been made on the construction of the World Trade Center.

44 West 37th Street in October 2014, image via Google Maps

Permits Filed: 44 West 37th Street, 15-Story Office Building

3:30 pm on August 31, 2016 By Rebecca Baird-Remba

Last week, sources told The Real Deal that developer Sioni Group was planning a 15-story office building at 44 West 37th Street in the Garment District. Now, those plans have materialized at the Department of Buildings.

Office Conversion Planned at Vacant Four-Story, 6,680-Square-Foot Building, 184 Fourth Avenue, Gowanus

1:00 pm on August 31, 2016 By Reid Wilson

The dilapidating and vacant four-story, 6,680-square-foot industrial building at 184 Fourth Avenue, located on the corner of Degraw Street in northern Gowanus, is set to be converted into office space, DNAinfo reported. Brooklyn-based property owner Henry Azcue is leading the conversion. The ground and cellar levels will host a single-car garage and storage space, while office space will fill the second through fourth floors. Scott Schnall’s Brooklyn-based architecture firm is the architect of record. Though work on the conversion has yet to begin, the exterior benefits from a previous clean up.

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