Office

One Penn Plaza as seen from the southwest. Photo by Evan Bindelglass.

One Penn Plaza, Two Penn Plaza To Get Major Renovations, Interconnection, Midtown

10:00 am on February 18, 2016 By Reid Wilson

Following the state’s plan to upgrade and expand Pennsylvania Station, Vornado Realty Trust has announced plans to renovate and interconnect 57-story One Penn Plaza and 29-story Two Penn Plaza, completed in 1972 and 1968 respectively, into a massive 4.2-million-square-foot office complex. The two buildings are located directly adjacent to and above Penn Station, in Midtown, between West 31st and 34th streets and Seventh and Eighth avenues. According to The Real Deal, the renovation project would improve desirability and tenant mobility and allow for new retail and amenity opportunities. Two Penn Plaza would get a new floor-to-ceiling glass façade and One Penn Plaza would receive “a more conventional upgrade.” Start and completion dates have not been disclosed, and a designer has not yet been revealed.

Reveal For 26-story, 90,000-Square-Foot Office Building At 106 West 56th Street, Midtown

6:00 am on February 18, 2016 By Reid Wilson

Earlier this week, news broke that Savanna and Hong Kong-based Atom Assets were planning a 26-story, 90,000 square-foot office building at 106 West 56th Street, in Midtown, and now Real Estate Weekly has a rendering of the project. As reported earlier, the new building will feature boutique office space geared towards smaller business tenants. The Perkins Eastman-designed project will feature multiple terraced setbacks and floor plates of varying sizes, ranging from 5,000 square feet on the lower levels to 2,000 square feet towards the top. The developers received an acquisition loan from United Overseas Bank to purchase the existing nine-story office building. Demolition will begin in early 2017 and completion is expected in 2019.

Four-Story, Four-Unit Mixed-Use Project Planned At 45-08 Junction Boulevard, Corona

2:00 pm on February 17, 2016 By Reid Wilson

Guo H Hu, doing business as an anonymous Queens-based LLC, has filed applications for a four-story, four-unit mixed-use building at 45-08 Junction Boulevard, in Corona, located six blocks south of the Junction Boulevard stop on the 7 train. The new structure will measure just 3,987 square feet in total and will include a small 449 square-foot doctor’s office on the ground floor. The residential units, three of which will have full-floor layouts, will average 750 square feet apiece. Flushing-based An Shen Ma is the architect of record. The site’s existing two-and-a-half-story wood-framed building must first be demolished.

Two-Story Expansion Filed For 464,000 Square-Foot Commercial Building At 787 Eleventh Avenue, Hell’s Kitchen

10:00 am on February 17, 2016 By Reid Wilson

Last July, Georgetown Company and Bill Ackman closed on the eight-story, 464,000 square-foot commercial building at 787 Eleventh Avenue, between West 54th and 55th streets in Hell’s Kitchen, for roughly $250 million. Now the property’s new owners have filed applications to expand the building by two stories or an additional 19,784 square feet. The roof will be raised by 60 feet (to 160 feet) and the latest filings indicate there will be 400,144 square feet of designated commercial space. The ground floor will contain retail space and automobile dealerships, floors two through five will contain automobile shops and services, and floors six through 10 will be office space. Per Curbed, Ackman’s Pershing Square Capital Management will be occupying the office space. Rafael Viñoly Architects is designing the project.

1.5-Million Square-Foot Office Building Could Be Built At 590 Atlantic Avenue, Downtown Brooklyn

6:00 am on February 17, 2016 By Reid Wilson

In September of 2015, the Empire State Development Corp. began the eminent domain process to acquire 590 Atlantic Avenue, located across from Atlantic Terminal and Barclays Center in Downtown Brooklyn, as part of the Pacific Park mega-development. A partnership between Forest City Ratner and Greenland Holdings would develop the property, currently home to two low-rise retail buildings. Right now, the site boasts 440,000 square feet of development rights, but the developers are proposing the idea to transfer 1.1 million square feet of air rights in order to build a 1.5-million-square-foot office building. According to Crain’s, the air rights transfer would have to be approved by a state review process via the Empire State Development Corp. The air rights transfer would preserve public plaza space.

26-Story, 90,000 Square-Foot Office Building Planned At 106 West 56th Street, Midtown

11:00 am on February 16, 2016 By Reid Wilson

Savanna and Hong Kong-based Atom Assets have acquired the nine-story, 36,000 square-foot building at 106 West 56th Street, in Midtown between Sixth and Seventh avenues, for an undisclosed amount. Crain’s reports the developers are planning to build a 26-story, 90,000 square-foot boutique office building. Zoning allows for the project to have up to 75,315 square feet of commercial space, and the building’s office floors will range from 5,000 to 2,000 square feet each. Perkins Eastman will be responsible for the design. The property’s current tenant has a year to vacate from the site, although demolition permits were already filed this past January to raze the building. Completion is tentatively expected in 2019.

Six-Story, 10-Unit Mixed-Use Building Filed At 2213 65th Street, Mapleton

3:00 pm on February 12, 2016 By Reid Wilson

Brooklyn-based David Ogorek has filed applications for a six-story, 10-unit mixed-use building at 2213 65th Street, in Mapleton, located a block from the Bay Parkway stop on the N train. The project will encompass 16,033 square feet and will include 2,000 square feet of commercial space on the ground floor for retail and offices. Residential units will begin on the second floor and should average a relatively spacious 1,000 square feet apiece. Manuel Pereiras’ Union City, New Jersey-based Pereiras Architects Ubiquitous is the architect of record. The 40-foot-wide site is currently home to a single-story restaurant.

50,000 Square-Foot ‘New Lab’ Office Building To Open This Summer at Brooklyn Navy Yard

6:00 am on February 12, 2016 By Reid Wilson

The city has announced it will open two business hubs totaling 100,000 square feet this summer as part of its UrbanTech NYC program, according to Crain’s. One of them will be a 50,000 square-foot building in the Brooklyn Navy Yard, dubbed New Lab. The facility, which is currently being renovated, will offer affordable commercial rents to companies in search of office and/or manufacturing space. The other 50,000 square-foot location is at Grand Central Terminal, and companies will have to apply and then be selected to lease space. Macro Sea is developing – and designing in-house – the Brooklyn Navy Yard’s facility, and the New York City Economic Development Corporation (NYCEDC) is behind the initiative.

Former Six-Story Factory At 109 South 5th Street To Be Converted Into Office Space, Williamsburg

3:00 pm on February 10, 2016 By Reid Wilson

Meadow Partners has filed applications to convert the former six-story, 65,000-square-foot factory at 109 South 5th Street, in western Williamsburg, into an office building. According to The Real Deal, there will be 60,700 square feet of commercial space. The interior of the structure will be gut-renovated and eventually marketed to small office tenants in the technology and media sectors. The old factory, called the Artisan and once used to manufacture garments, was picked up for $42 million last September. Robert Stephenson’s Great Neck-based MLDS Architects is the architect of record.

Daylight rendering of the skyline featuring 66 Hudson Boulevard. Credit: BIG/Tishman Speyer.

See More Renderings, Video of Supertall Bjarke Ingels-Designed ‘The Spiral’

8:00 am on February 9, 2016 By Evan Bindelglass

On Monday, we told you about a new standalone player coming to the table as construction continues at Hudson Yards and Manhattan West. Now, we have a better look at the 65-story supertall office building designed by Bjarke Ingels. Dubbed “The Spiral,” its address will be 66 Hudson Boulevard. That’s at the corner of Tenth Avenue and West 34^th Street, right across from the Hudson Park and the secondary entrance to the new 7 train terminus.

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