Street view of 341-347 Madison Avenue; Map data © 2020 Google
The Metropolitan Transportation Authority and New York City reached an agreement to redevelop the agency’s former headquarters in Midtown as part of a revenue-generating plan, officials announced on Thursday. The redevelopment of the site at 341-347 Madison Avenue is expected to create more than $1 billion for the cash-strapped agency’s capital program. The deal, delayed due to a prior dispute between city and state officials, comes nearly a decade after the MTA first announced plans to sell or lease its three-building complex.
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Rendering by Noë & Associates/The Boundary
Residential condo sales have launched at the newly-imagined Waldorf Astoria, which has been closed for renovations since 2017. The launch, complete with a new website offering a sneak peek inside the iconic building, comes at a time when ultra-luxe apartments have become a tougher sell in a market loaded with competition and unsold units, as The Real Deal reports. The residential portion of the building sits above the renovated hotel, with 375 condos and 50,000 square feet of amenities including private bars, a 25-meter pool and a fitness center.
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Image credit: Noe & Associates/The Boundary
The Waldorf Astoria is still closed for a major renovation, but it appears on track to becoming more luxurious than ever. The latest rendering to be released (which we spotted over on The Post) shows the skylit pool that will be available to residents of the recently branded Towers of the Waldorf Astoria, where 375 condos will be sold for the first time in the history of the storied property.
Aerial rendering of Vanderbilt Plaza courtesy of SL Green
A car-free public space will open this summer between Grand Central Terminal and Midtown’s newest, tallest office building, One Vanderbilt. Renderings released this week, which were first spotted by the New York Post, show a new plaza on a strip of Vanderbilt Avenue between East 42nd Street to East 43rd Street, situated at the southern end of the iconic terminal. The open space, dubbed “Vanderbilt Plaza,” is part of SL Green’s commitment to invest $220 million in transit improvements in exchange for zoning changes agreed to by the city in 2014.
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View from the catwalk, photo via Wikimedia Commons
Grand Central Terminal’s upcoming 107th anniversary isn’t the round number typical of big celebrations, but nevertheless, the NYC icon is marking the occasion with a “major treat” that will appeal to all architecture and history buffs. The catwalk above the Main Concourse—normally closed off to the public—will be opened up for one day only on Sunday, February 2. To take advantage of the rare bird’s eye perspective, you’ll have to register for one of three showings that will take place that day. If this piques your interest, you’ll want to hurry: only 45 spots are available and registration ends at 5 p.m. today.
Photos of Bergamo’s by Rachel Vanni
Busy but relatively dry Midtown East got a new cocktail bar last week with Bergamo’s at 26 Vanderbilt Avenue. Located on the ground floor of the Company building—a tech incubator designed by SHoP Architects—the sprawling 8,530-square-foot lounge was inspired by old New York glamour and features a vaulted ceiling with custom tiles that nod to the historic Guastavino vaults at nearby Grand Central Terminal.
Listing images by Bernadett Pava; courtesy of Compass
This Midtown East condo ticks all the (right) boxes: it’s located in a Rosario Candela-designed building at 135 East 54th Street, comes with an expansive roof terrace bigger than most people’s apartments, and is only a short walk away from the Museum of Modern Art and Central Park. The approximately 1,200-square-foot, two-bedroom is now on the market seeking $1.895 million.
Listing images by Evan Joseph; courtesy of Compass
This Sutton Place duplex co-op is a corner unit on the 37th of 47 floors so it boasts sweeping views of the Midtown skyline and East River in every room. The five-bedroom, five-and-a-half bathroom residence spans over 6,300 square feet in the Emery Roth-designed tower at 425 East 58th Street, also known as The Sovereign. It’s now on the market for $7,995,000, with a minimum 50 percent down payment required.
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Photo of One Vanderbilt on December 11, 2019 © 6sqft
After attending a presentation by One Vanderbilt‘s developer SL Green, the Post was able to share some juicy new details on the office building’s observation deck, which will be the second-highest outdoor deck in the city and is being designed by Snøhetta. Now known as The Summit at One Vanderbilt, the 59th-floor deck will have “two step-out, glass floor ledges that overhang Madison Avenue.” Also on this floor will be food and beverage options, and on the floor below will be an “‘infinity room’ with 40-foot-high ceilings.” The building is set to open in August 2020, while the Summit will begin welcoming guests (who will pay $35 for the experience) at the end of 2021.
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Photo courtesy of Lord & Taylor
After closing its iconic Fifth Avenue flagship at the start of 2019, department store Lord & Taylor will be popping up again as a Manhattan shopping address, sources told Bloomberg. The department store brand, which was sold by former owner Hudson’s Bay to clothing rental company Le Tote for $100 million in cash in August, is reportedly opening a 2,400-square-foot shop for just two weeks in mid-December. The pop-up shop will be located on Wooster Street in Soho–a neighborhood whose current streetscape boasts as many empty storefronts and seasonal pop-ups as high-end designer fashion shops.
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