Articles by Michael Young

PENN 2’s Renovations Continue at 2 Penn Plaza in Midtown, Manhattan

8:00 am on August 5, 2022 By Michael Young

Renovation work is progressing on PENN 2, a 31-story commercial building at Two Penn Plaza in Midtown, Manhattan. Designed by MdeAS Architects and developed by Vornado Realty Trust, the project involves the full re-cladding and interior modernization of the 412-foot-tall, 1.61-million-square-foot mid-century office building, and is part of the ten-skyscraper Penn District revitalization plan. Turner Construction Company is the general contractor for the property, which is located along Seventh Avenue between West 31st and 33rd Streets, directly adjacent to Penn Station and Madison Square Garden.

New Renderings Released for ODA’s 126 East 57th Street Tower in Midtown East, Manhattan

8:00 am on August 4, 2022 By Michael Young

New renderings have been released for 126 East 57th Street, a 28-story residential tower on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the 346-foot-tall tower will yield 147 condominiums spread across 170,000 square feet with interiors by Gabellini Sheppard, as well as 5,000 square feet of retail space. WSP USA is the engineer, and Plaza Buildings is the general contractor for the property, which is located at the corner of East 56th Street and Lexington Avenue.

Foundation Work Underway for 262 Fifth Avenue Supertall in NoMad, Manhattan

8:00 am on August 3, 2022 By Michael Young

Foundation work is continuing at 262 Fifth Avenue, the site of a 60-story residential supertall in NoMad, Manhattan. Designed by Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project LLC, the 1,043-foot-tall skyscraper will yield 41 residential units spread across 139,168 square feet, as well as 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management is the general contractor for the property, which is located at the corner of Fifth Avenue and West 29th Street.

Ritz-Carlton Hotel Opens to Guests at 25 West 28th Street, in NoMad, Manhattan

8:00 am on August 2, 2022 By Michael Young

The Ritz-Carlton Hotel and Residences at 25 West 28th Street recently celebrated its grand opening in NoMad. Designed by Rafael Vinoly and developed by Marriott, Ritz Carlton Hotels, and Flag Luxury Group, the 50-story, 500-foot-tall reinforced concrete skyscraper yields 250 guest rooms and 19 suites spread across 150,000 square feet, as well as 16 one- and two-bedroom penthouse residences on the upper levels that owners and their guests can stay in for up to 120 nights per year. Lendlease served the general contractor for the Midtown, Manhattan project, which is alternatively addressed as 1185 Broadway Street and is located at the corner of Broadway and West 28th Street. The Erin Boisson Aries team at Douglas Elliman is handling the sales of the penthouses. Other design teams for the Ritz-Carlton include SUSURUSS, Rockwell Group, and Barcelona-based studio Lázaro Rosa-Viola.

Aloft Hotel’s Façade Nears Completion at 50 Trinity Place in Financial District, Manhattan

7:30 am on August 2, 2022 By Michael Young

Exterior work is nearing completion on 50 Trinity Place, a 28-story Aloft Hotel in the Financial District. Designed by Peter Poon Architects and developed by FIT Investment Corporation, the 77,310-square-foot tower will yield 173 guest rooms. Cauldwell Wingate is serving as the general contractor for the project, which is located at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

Disney Headquarters’ Terracotta Façade Progresses at Four Hudson Square in Hudson Square, Manhattan

8:00 am on August 1, 2022 By Michael Young

Exterior work is continuing on The Walt Disney Company’s new 22-story headquarters at Four Hudson Square in Hudson Square, Manhattan. Designed by Skidmore, Owings & Merrill and developed by Silverstein Properties, the 338-foot-tall structure will yield 1.2 million square feet of office space, film and production studios, and ground-floor retail. Lendlease is the general contractor for the property, which is alternatively addressed as 137 Varick Street and occupies a full-block parcel bound by Vandam Street to the north, Spring Street to the south, Varick Street to the east, and Hudson Street to the west.

124 East 86th Street Condominium Tower Rises on Manhattan’s Upper East Side

7:30 am on August 1, 2022 By Michael Young

Construction is rising on 124 East 86th Street, a 20-story residential building on Manhattan’s Upper East Side. Designed by Igor Zaslavskiy of Zproekt Architects and developed by Rybak Development under the 126 East 86th Street Development LLC, the 210-foot-tall structure will yield 76,414 square feet, with 32 condominium units spread across 62,370 square feet and 1,519 square feet of commercial space. Rybak is also serving as the general contractor for the property, which is located on a narrow rectangular plot between Lexington and Park Avenues.

456 Greenwich Street Completes Construction in Tribeca, Manhattan

8:00 am on July 31, 2022 By Michael Young

Construction is complete on 456 Greenwich Street, an eight-story hotel building in Tribeca. Designed by Stephen B. Jacobs Group and developed by Caspi Development, the 94,000-square-foot structure yields 96 Art Deco-inspired guest rooms with interiors by Martin Brudnizki Design Studio. Groupe Lucien Barrière of the Hôtel Barrière Le Fouquet’s Paris is the operator of the property, which is bound by Greenwich Street to the east, Desbrosses Street to the south, and Washington Street to the west.

1162 Broadway Tops Out in NoMad, Manhattan

7:30 am on July 31, 2022 By Michael Young

Construction has topped out on 1162 Broadway, a 13-story commercial building in NoMad. Designed by Morris Adjmi Architects and developed by 1162 Broadway LLC, 185-foot-tall structure will yield Class A office within the Madison Square North Historic District. The project has undergone several changes since permits were first filed by Aini Assets for a 14-story, 52-room hotel in December 2013. The latest plans were approved by the Landmarks Preservation Commission (LPC) in the late spring of 2020, followed by groundbreaking in 2021. On Star Management is the general contractor for the property, which is located between West 27th and West 28th Streets.

One Wall Street’s New Retail Spaces Near Completion in Financial District, Manhattan

8:00 am on July 30, 2022 By Michael Young

Work is nearing completion on One Wall Street, a 564-foot-tall Art Deco skyscraper in the Financial District. Designed by SLCE Architects and developed by Macklowe Properties, the $1.5 billion venture is the largest office-to-residential conversion in New York City history and will yield 566 condominiums as well as a 44,000-square-foot Whole Foods Market and a four-floor, 75,000-square-foot Life Time fitness center on the lower levels. The project also involved the construction of a multi-story expansion above the mid-century annex to the 91-year-old structure. Compass Development Marketing Group is handling sales and marketing with a gallery located within the famous Red Room. JT Magen is the general contractor for the property, which is bound by Broadway to the west, Wall Street to the north, Exchange Place to the south, and New Street to the east.

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Articles by Michael Young

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