Articles by Michael Young

TSX Broadway’s New Superstructure Begins Assembly at 1568 Broadway in Times Square, Manhattan

8:00 am on April 17, 2021 By Michael Young

Construction has begun on the new superstructure for 1568 Broadway, a 470-foot-tall hotel in Times Square. Designed by PBDW Architects, Mancini Duffy, and Perkins Eastman and developed by L&L Holding Company, Maefield Development, and Fortress Investment Group, the project involved the partial demolition of the former DoubleTree Suites by Hilton to make way for the new 550,000-square-foot tower, which will be dubbed TSX Broadway. The overhaul also includes the raising of Kirchoff & Rose’s 108-year-old Palace Theater by 30 feet to make room for ground-floor retail space. The site is located at the corner of Seventh Avenue and West 47th Street to the east of the red TKTS stairs, and is slated to cost $2.5 billion.

RIU Hotel’s Façade Gets Closer to Completion at 145 West 47th Street in Times Square, Manhattan

8:00 am on April 16, 2021 By Michael Young

Façade work is getting closer to completion on 145 West 47th Street, a 48-story RIU Hotel in Times Square. Designed by Berg + Moss Architects and developed by Tribeach Holdings, the 353,000-square-foot edifice is located between Sixth and Seventh Avenues and will yield a total of 630 guest rooms.

New Renderings Revealed for SOM’s 175 Park Avenue, aka Project Commodore, in Midtown East

8:00 am on April 15, 2021 By Michael Young

YIMBY spotted a new batch of renderings and diagrams that depict Skidmore Owings & Merrill‘s upcoming ground-up mixed-use supertall at 175 Park Avenue, aka Project Commodore. The 83-story Midtown East, Manhattan behemoth is slated to rise on the site of the Grand Hyatt between the 108-year old Beaux Arts style Grand Central Terminal and the 91-year-old Art Deco style Chrysler Building at the corner of East 42nd Street and Lexington Avenue. RXR Realty and TF Cornerstone are developing the massive structure, which also appears to have gotten a height reduction to 1,486 feet tall, as opposed to the 1,646-foot tall architectural height previously intended. Inside will be 500 Hyatt hotel rooms on the upper floors spanning 453,000 square feet; 10,000 square feet of retail space on the ground, cellar, and second levels; new elevated, publicly accessible plaza space overlooking the surrounding Midtown neighborhood; and 2.1 million square feet of Class A office space.

COOKFOX’s 378 West End Avenue Progressing, Sales Launch, On Manhattan’s Upper West Side

8:00 am on April 14, 2021 By Michael Young

Sales recently launched for 378 West End Avenue, and the brick exterior for COOKFOX’s topped out 18-story project is quickly rising. Alchemy Properties is developing the Upper West Side residential complex, which incorporates the adjacent restoration of a 1915 Palazzo-style building located at the corner of West End Avenue and West 78th Street, and sits to the north of the abutting Collegiate Church. Inside 378 West End Avenue will be 58 one- to six- bedroom residences, including a collection of penthouses with pricing upon request, pre-war proportions, high ceiling heights, and oversized windows. Prices for one-bedrooms start at $1,795,000, two-bedrooms for $3,525,000, three-bedrooms for $5,550,000, four-bedrooms for $6,995,000, and five-bedrooms for $9,895,000. Alchemy Properties and Compass are working together to market the condominiums.

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606 West 30th Prepares to Go Vertical in Hudson Yards, Manhattan

8:00 am on April 13, 2021 By Michael Young

Construction is about to go vertical on 606 West 30th Street, a 545-foot-tall residential skyscraper in Hudson Yards. Designed by Ismael Leyva Architects and developed by Lalezarian Properties, the 42-story building will yield 312,350 square feet, of which 192,780 will be dedicated to residential space and 14,240 for commercial use. The property is located between Eleventh Avenue and West Street near the border of West Chelsea.

New York Korea Center’s Façade Begins to Emerge at 122-126 East 32nd Street in Murray Hill, Manhattan

7:30 am on April 13, 2021 By Michael Young

Scaffolding is beginning to come down, revealing the exterior of the New York Korea Center, a seven-story building at 122-126 East 32nd Street in Murray Hill. Designed by Samoo Architects and Engineers (SAMOO) for Level Group, the Consulate General of the Republic of Korea, NY, purchased the property for $15.8 million in March 2008, including the use of nearly 4,500 square feet of air rights. Construction broke ground in June 2018 on the 120-foot-tall project, which is planned to yield a total of 36,500 square feet and is aiming for LEED Certification.

New Rendering Reveals 141 East 47th Street’s Art Deco-Inspired Details in Midtown East, Manhattan

8:00 am on April 12, 2021 By Michael Young

A new rendering has been revealed for 141 East 47th Street, a 35-story residential tower in Midtown East. Excavation is underway for the 183,310-square-foot project designed by Ismael Leyva Architects and developed by Silverback Development. The latter was brought on by Hopson Development Holdings, which previously purchased the parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. The property will contain a mix of studios through two-bedroom units averaging around $1.5 million apiece, as well as 5,000 square feet of ground-floor retail space.

517-523 West 29th Street’s Brick Façade Progresses in Chelsea, Manhattan

7:30 am on April 12, 2021 By Michael Young

Exterior work is progressing on 517 West 29th Street, a ten-story residential building in Chelsea. Developed by Churchill Real Estate Holdings and designed by Ben Hanson Architect with Rand Engineering and Architecture as the architect of record, the 135-foot-tall structure will yield 56,160 square feet with 60 condominium units and nine private outdoor parking spaces. The project site is located between Tenth and Eleventh Avenues near the High Line and Hudson Yards, on a plot that once housed a six-story brick building that Six Sigma purchased for $54.75 million.

Rendering of Union Square Tech Training Center at 124 East 14th Street

Zero Irving’s Glass Curtain Wall Progresses at 124 East 14th Street in Union Square, Manhattan

7:30 am on April 11, 2021 By Michael Young

Installation of the glass curtain wall is progressing on Zero Irving, a 21-story mixed-use building at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed by RAL Development, the building will yield 240,000 square feet of affordable and market-rate office space for technology firms and amenities for occupants. Financial partners Junius Real Estate Partners and Suffolk Construction are also helping to develop the property, which is located along East 14th Street between Broadway to the west and Third Avenue to the east.

Covenant House’s Brick Façade Nears Completion at 460 West 41st Street in Midtown West, Manhattan

7:00 am on April 11, 2021 By Michael Young

Façade work is nearing completion on 460 West 41st Street, a 164-foot-tall mixed-use building in Midtown West. Designed by FXCollaborative and developed by Covenant House, the structure will become the first supportive housing development by Covenant House in nearly 50 years, with help from for-profit entities Gotham Organization and Denham Wolf Real Estate Services. The 80,290-square-foot property is located between Eighth and Ninth Avenues and will yield 60 residential units averaging approximately 884 square feet, as well as a 53,053-square-foot community facility. The project is expected to cost $128 million.

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Articles by Michael Young

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