One Vanderbilt is officially the latest skyscraper in New York City to claim supertall status. Located at 41 East 42nd Street in Midtown East, the imminently 1,401-foot tall office building already soars above Grand Central Station, and new steel columns continue to sprout along the perimeter and core, having now punctured the 1,000-foot mark. Designed by Kohn Pedersen Fox, the upcoming 58-story tower is being developed by SL Green and will span 1.75 million square feet.
Dubbed “The Dime,” 277 South Fifth Street will be a new 264-foot tall residential tower in Williamsburg, Brooklyn. The reinforced concrete building is close to topping off behind the Dime Savings Bank landmark. The project sits on a 50,000 square foot site, almost an acre in size, and will span just over 350,000 square feet.
The Georgetown Company has announced a new $410 million financing package for their recently completed office building at 787 Eleventh Avenue. According to the company, the investment from Societe Generale (SocGen) replaces a $350 million construction loan from the Blackstone Group, Goldman Sachs, and ICBC.
YIMBY has word that Tishman Speyer has finalized lease agreements for all 1.2 million square feet of its recently completed office development known as “The JACX,” in Long Island City. While the property has not officially debuted, the building’s list of tenants includes Macy’s, Inc., New York-Presbyterian, Bloomingdale’s, WeWork, and a primary care practice operated by Weill Cornell Medicine.
Led by Rogers Stirk Harbours + Partners, the UK-based design team has proposed a large development project in the West Historic Chelsea District. Consisting of three adjoining construction sites, the firm is seeking to create a new eleven-story building at 550 West 27th Street, as well as an expanded upper section on top of 260 Eleventh Avenue and an exterior renovation of 549 West 26th Street. The proposal is now under review by the Landmark Preservation Committee as of January 10, 2019.