Retail

131-141 East 47th Street’s Superstructure Climbs Above Midtown East, Manhattan

8:00 am on January 17, 2022 By Michael Young

Construction has reached the halfway point on 131-141 East 47th Street, a 34-story residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Silverback Development, the 500-foot-tall structure will yield 200 apartments ranging from studios to two-bedroom units as well as 5,000 square feet of ground-floor retail space with frontage along West 47th Street. Silverback was brought onto the project by Hopson Development Holdings, which purchased the rectangular parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Structure Tech New York and Cauldwell Wingate are in charge of building the project, which is located between Lexington and Third Avenues.

View of the construction at TSX Broadway

Historic Palace Theatre Begins 30-Foot Lift at 1568 Broadway in Times Square, Manhattan

7:00 am on January 17, 2022 By Sebastian Morris

Construction teams at TSX Broadway, a mixed-use hotel tower at 1568 Broadway in Times Square, have begun work on the lifting of the Palace Theatre. The historic venue is being hoisted 30 feet above street level to make way for ground-floor retail space.

Rendering of 258-278 8th Avenue - Courtesy of JJ Operating

Demolition Underway at 258-278 Eighth Avenue in Chelsea, Manhattan

8:00 am on January 16, 2022 By Michael Young

Demolition is ramping up at 258-278 Eighth Avenue, the site of a 12-story mixed-use building in Chelsea, Manhattan. Developed by Alchemy-ABR Investment Partners and Chelsea 23rd Realty Corporation, an LLC affiliated with JJ Operating, which acquired the 40,000-square-foot parcel in 2017, the new building will yield multiple levels of retail space and 190 rental apartments. Breeze is the general contractor and Square Mile Capital and Pacific Western Bank provided $183 million in construction financing for the project, which is located along Eighth Avenue between West 23rd and West 24th Streets. The architect is still unknown.

Updated renderings of Nova at 41-05 29th Street - Fogarty Finger

NOVA Condominium Tower Tops Out at 41-05 29th Street in Long Island City, Queens

7:00 am on January 16, 2022 By Sebastian Morris

Construction has topped out on NOVA, a 24-story condominium tower at 41-05 29th Street in Long Island City, Queens. Developed by SB Development Group, the building will yield 84 units and ground-for retail space. The homes will range from studios up to three-bedroom layouts, and each floor will support no more than five condos.

Park House Completes Construction at 500 West 22nd Street in Chelsea, Manhattan

8:00 am on January 13, 2022 By Michael Young

Construction is wrapping up on Park House, an eight-story residential building at 500 West 22nd Street in West Chelsea. Alternately addressed as 197 Tenth Avenue, the 33,662-square-foot structure is designed by Annabelle Selldorf of Selldorf Architects for Brantwood Capital and will yield ten residential units atop 1,959 square feet of ground-floor retail space, and a main lobby along West 22nd Street. Compass is handling sales and marketing for the homes, which range from one- to four-bedroom units and two duplex penthouses, with pricing from $2.65 million to $12 million. Foundations Group is the general contractor for the building, which is located at the intersection of Tenth Avenue and West 22nd Street, a short distance from the High Line.

Maverick Wraps Up Construction at 215 West 28th Street in Chelsea, Manhattan

8:00 am on January 12, 2022 By Michael Young

Work is wrapping up on Maverick, a 20-story two-building residential development at 215 West 28th Street in Chelsea. Designed by DXA Studio and developed by HAP Investments, the 250-foot-tall reinforced concrete structures yield a combined 162,834 square feet and 87 condominium units, as well as 20,000 square feet of ground-floor retail space. Douglas Elliman Development Marketing and Fredrik Eklund’s and John Gomes’ Eklund | Gomes team are responsible for sales and marketing for the residences, with Alex Lundqvist as the sales director in charge. The property is located between Seventh and Eighth Avenues across from the Fashion Institute of Technology campus, in a stretch of the street that has seen a tremendous amount of vertical transformation with new offices and homes being built in the vicinity.

Rendering of 2080 Boston Road at Lambert Houses - Courtesy of Dattner Architects

Phipps Houses Receives $188M Financial Package to Continue Construction at Lambert Houses in The Bronx

7:00 am on January 11, 2022 By Sebastian Morris

Phipps Houses has successfully closed on a $188 million financial package to complete the second phase of renovations at Lambert Houses. Located in the West Farms section of The Bronx, the affordable housing complex spans 12 acres of land near the Bronx Zoo.

241 West 28th Street’s Brick Façade Begins Installation in Chelsea, Manhattan

8:00 am on January 10, 2022 By Michael Young

Construction has topped out on 241 West 28th Street, a 22-story two-tower residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the 235-foot-tall, 400,000-square-foot development will yield 480 residential units with 30 percent reserved for low- and middle-income households. King Contracting Group is in charge of brickwork and Urban Atelier Group is the general contractor for the complex, which is located between Seventh and Eighth Avenues. MAG Partners acquired the Midtown, Manhattan property in December 2018 when it was still an open-surface parking lot and established a 99-year ground lease with Edison Properties.

Excavation Progresses at 308 West 43rd Street in Midtown, Manhattan

7:30 am on January 10, 2022 By Michael Young

Excavation is progressing at 308 West 43rd Street, the site of a two-building residential development in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot development will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space. Triton Construction is serving as the general contractor for the property, which is located between West 42nd and 43rd Streets and Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal.

Tiffany & Co. Flagship Expansion Progresses at 727 Fifth Avenue in Midtown, Manhattan

8:00 am on January 9, 2022 By Michael Young

Work is continuing to take shape on the expansion of the Tiffany & Co. flagship store at 727 Fifth Avenue in Midtown, Manhattan. Designed by OMA partners Shohei Shigematsu and Jake Forster, the scope involves a three-story steel-framed structural addition that rises above the original flat roof line of the world famous jewelry brand’s 72-year-old Art Moderne building. CallisonRTKL is the architect of record, Peter Marino Architects is handling the interior renovations, Mace is the owners rep, and Structure Tone is the general contractor for the project, which now stands 11 stories tall at the corner of Fifth Avenue and 57th Street.

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