Renderings are out for an 11-story timber office building proposed for the Riverfront Square development in Newark, New Jersey. The site is located next to New Jersey Transit’s Broad Street station, which is less than a twenty-minute commute to Midtown Manhattan. The project is part of a larger 11.8-acre mixed-use development, as well as Riverfront Park, designed by James Corner Field Operations. Lotus Equity Group will be responsible for the development.
Construction is moving along at One Vanderbilt in Midtown, with work on the lower floors now rising past the cantilever. Thanks to images by Tectonic, we can see the tower has reached its maximum width. It is now nearly the same height as Grand Central Terminal, which peaks at 130 feet. Several companies have recently signed on for space, with Greenberg Traurig announcing plans to move their center of New York Operations into the supertall, acquiring a fifteen-year lease for four continuous floors.
The lobby at 1345 Avenue of Americas has been renovated, and today, YIMBY has an exclusive first look inside the space. Skidmore, Owings & Merrill were commissioned by Fisher Brothers to redesign the interior. The owners wanted to replace the original white and tan marble with a brighter, more spacious lobby, and the photos indicate that the architects have accomplished exactly that.
The first commercial tower to open in Hudson Yards, 10 Hudson Yards, is still making headlines, having now achieved LEED-Platinum certification from the U.S. Green Building Council. This surpasses original expectations of a LEED-Gold Certificate. Developers Related Companies and Oxford Properties Group announced that this is the first commercial building in New York City to receive the award since the LEED v2009 rating system was established.
Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.