In the midst of the largest office-to-condo conversion in New York City history at One Wall Street, its famous Red Room is undergoing a 16-month-long renovation. Designed in 1931 by renowned muralist Hildreth Meière, the former banking hall’s walls and ceilings are lined with 8,911 square feet of oxblood, orange, and gold glass tile mosaic, some of which has become damaged over the years. The Red Room will likely serve as retail space when the building reopens, which is expected to be in 2021. Macklowe Properties is the developer of the $1.5 billion Financial District conversion and expansion. CORE is handling sales and marketing of the planned 566 housing units in the rest of the Ralph Walker-designed skyscraper. SLCE Architects is serving as the architect of record.
This week New York City’s Landmarks Preservation Commission granted approval to construct a new mixed-use office building at 3 St. Mark’s Place in the East Village, following repeated proposals from Real Estate Equities Corporation (REEC) and Morris Adjmi Architects. Located on the corner of Third Avenue and St. Mark’s Place, the development caused contention over its proposed alterations to an adjacent historic landmark at 4 Saint Mark’s Place known as Hamilton Holly House.
Work on the second phase of Journal Squared at 537 Summit Avenue in Jersey City is progressing rapidly. Construction workers are pouring the floor slabs for what will become a 72-story residential skyscraper. The structure is set to stand 759 feet and become the tallest of the proposed trio of towers, of which one is already completed next door. All three are being designed by HWKN/Hollwich Kushner and Handel Architects. Kushner Real Estate Development is the developer of the entire site, which sits adjacent to the Journal Square PATH train station on a hill overlooking New York City. The second phase will yield 700 units, 18,000 square feet of retail space, and a gross floor space of roughly 1,000,000 square feet.
Work has officially begun on The Huguenot, one of latest developments to begin construction as part of an initiative to transform and reinvigorate downtown New Rochelle. From developer CAC Realty Group, the property is located at 387 Huguenot Street and will eventually contain a mix of residential area, retail space, and a community-operated art gallery. The structure will top off at six stories and measure approximately 54,000 square feet.
Renderings have been released of a new mixed-use condominium building designed by Isaac & Stern Architects that is currently rising at 165 Lexington Avenue in Kips Bay, Manhattan. The 11-story building will comprise a modest 58,630 square feet.