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Schwarzman Animal Medical Center’s Expansion Progresses at 510 East 62nd Street on Manhattan’s Upper East Side

Renovation and expansion work is underway on Schwarzman Animal Medical Center, a ten-story veterinary hospital at 510 East 62nd Street on Manhattan’s Upper East Side. Designed by Perkins + Will, the $70 million non-profit project was funded by the Langone and Tisch families, Annette de la Renta, and public campaigning, and will add 11,000 square feet to the existing 26,000-square-foot, 113-year-old structure. The property is bound by the FDR Drive to the east, East 61st Street to the south, York Avenue to the west, and East 62nd Street to the north.

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View of 45 East 53rd Street - Courtesy of Newmark

Joint Venture Secures $175M to Purchase and Renovate 45 East 53rd Street in Midtown, Manhattan

Newmark, a global real estate services company, has successfully arranged $175 million in capitalization to facilitate a major renovation of 45 East 53rd Street in Midtown, Manhattan. Located in the Plaza District, the building once operated as the New York headquarters for Santander Bank, but sold in April to ZG Capital and Rialto Capital Management.

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417 Park Avenue Readies for Excavation in Midtown East, Manhattan

Excavation is set to begin at 417 Park Avenue, site of a 220,000-square-foot office tower in Midtown East. The project is being developed by GDS Development (GDSNY) and Klövern AB, which acquired the property for $184 million and are also building on an adjacent plot to the south at 409 Park Avenue. The plot is located at the corner of Park Avenue and East 55th Street and will rise with a floor area ratio of 25 under the Midtown East Rezoning regulations.

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Lever House’s Podium Renovation Progresses at 390 Park Avenue in Midtown East, Manhattan

Renovation work is moving along on the lower floors of Lever House, a landmarked International Style commercial tower at 390 Park Avenue in Midtown East. Designed by Skidmore, Owings & Merrill and developed by WatermanClark, Brookfield Properties, Higgins Quasebarth & Partners, Integrated Conservation Resources, and Integrated Conservation Contracting, the $100 million project involves an overhaul of the public plaza, renovations to the main lobby, improvements to the ventilation and sustainability systems, and the addition of new amenity spaces. Pavarini McGovern is the general contractor for the property, which is located along Park Avenue between East 53rd and East 54th Streets.

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