Image via Flickr
In response to pushback, JPMorgan Chase will be redesigning its planned 1,400-foot office tower at 270 Park Avenue with additional open public space, as Crain’s first reported. Under the East Midtown rezoning, new developments are required to provide 10,000 square feet of public space, but because two-thirds of the site sits above the Grand Central Terminal train shed, architects for the project argued they could only come up with 7,000 square feet. This notion was challenged by members of Manhattan Community Board 5 and elected officials. JPMorgan has now agreed to submit new designs increasing the size of the public space to 10,000 square feet and making it an open-air area instead of enclosed as it was in the initial design proposal.
Get the details
Rendering by Hayes Davidson
The partners behind the Jean Nouvel-designed tower at 53 West 53rd Street (also known as the MoMA Tower) will be serving even more price chops to the ultra-luxury project in the midst of lackluster sales, though they disagree on how much that should be. As Crain’s reported, Hines, Goldman Sachs, and Singapore’s Pontiac Land Group recently underwent an arbitration process to settle the matter, with Hines seeking aggressive discounts. The 1,050-foot condo building has already received $167 million in price cuts since hitting the market almost four years ago with a projection of $2.14 billion in sales. About 15 percent of the 145 units at 53W53 are under contract currently, with closings set to begin in the spring, a spokeswoman for the project said.
Get the details
Skyline rendering with The Spiral via Tishman Speyer
The Hudson Yards mega-development on Manhattan’s far west side is fast becoming a collection of notable new skyscrapers; construction is underway on what may be the most recognizable of the bunch, the office tower known as The Spiral that will occupy full-block site at 66 Hudson Boulevard between West 34th and 35th Streets. Bjarke Ingels Group’s design features setbacks that wind their way up the building’s exterior, hosting landscaped terraces for tower-level floors along the way.
Many more renderings, this way
Rendering of 2 World Center via DBOX, courtesy of Bjarke Ingels Group
Silverstein Properties, Inc. chairman Larry Silverstein has said construction may begin on the final World Trade Center tower before a committed tenant signs a lease, Bloomberg reports. Following work on the building’s foundation, the developer was waiting to progress with further work until a lease was signed. But optimism about the economy and strong leasing progress at neighboring towers may mean the building might rise “on spec.” The 2.8 million-square-foot office tower, designed by Bjarke Ingels Group, will be the last of Silverstein’s four skyscrapers to occupy the site.
Find out more
Image: Jennifer Rotner via Flickr.
Developer TF Cornerstone and investment firm MSD Partners have announced plans to purchase and tear down the Grand Hyatt building adjacent to Grand Central Terminal, the Wall Street Journal reports. The hotel brand will eventually return to the site in a form different from the smoked glass-clad building that was Donald Trump’s first major Manhattan development. In its place will rise a mixed-use project that includes 2 million square feet of high-octane office space. The planned development is one of four new towers in the works as a result of a 2017 Midtown East rezoning aimed at encouraging new office buildings as well as infrastructure improvements in the east side business district.
The times they are a-changin’ in East Midtown
The installation of 1 South First’s (formerly known as 260 Kent Avenue) innovative exterior is officially underway, its molecular pattern now visible. Designed by COOKFOX Architects, the tower, part of the Domino Sugar project in Williamsburg, will feature concrete window panels made using 3D-printed molds. New photos from the Gate Precast Company reveal the start of the crystalline-inspired facade as the building’s construction is more than halfway complete (h/t CityRealty).
See the photos
Images (L to R): 685 First Avenue, Glassworks Bushwick, One Columbus Place, and 363 Bond Street
- One Columbus Place: Lincoln Square Rental Offers 1 Month Free; Net Prices from $4,194/Month [LINK]
- Glassworks Bushwick: Get to Know Brooklyn’s New Rental at 336 Himrod Street [LINK]
- 268 Metropolitan Avenue: New Rentals Launch in the Heart of Trendy Williamsburg [LINK]
- 685 First Avenue: An Inside Look at the Modern Rental Collection at 685 First Avenue [LINK]
- 123 Hope Street: Contemporary No Fee Rentals at 123 Hope Street in Williamsburg Leasing from $2,385/Month [LINK]
SEE MORE RENTAL NEWS AND OFFERS HERE
Progress images of 111 W57th Street; photo © Paul Clemence.
Even before reaching its final height of 1,428 feet tall, SHoP Architect’s Midtown supertall 111 West 57th Street, which surpassed 1,000 feet a few months ago, wowed us with views from the tower’s 64th, 72nd, and 73rd floors. Upon completion, the Billionaires’ Row tower will become the tallest residential building in the world, taking the title from 1,396-foot 432 Park Avenue, (until 1,500-foot Central Park Tower tops out). With a super slender frame (a ratio of 1:24), 111 West 57th Street is also set to become one of the skinniest skyscraper in the world. The new year brings new progress–and new photos showing the 86-story tower’s intricate terra cotta and bronze facade making its way skyward.
Terracotta and bronze: going up!
Images (L to R): One Flatbush, 420 Kent, 33 Bond Street, and The Mosaic.
- One Flatbush: New Rentals in the Heart of Downtown Brooklyn from $2,336/Month [LINK]
- 33 Bond Street: Downtown Brooklyn Luxury Rentals with Balconies and Incredible Views from $2,530/Month [LINK]
- The Mosaic: Bushwick Rentals Debut at 23 Menahan Street, No Fee 1 Bedrooms from $2,200/Month [LINK]
- 420 Kent Avenue: Take a Look Inside Williamsburg Waterfront Rentals, Now Ready for Move-Ins [LINK]
- The Landing at Brooklyn Bridge Park: Waterside Rentals Debut with 1 Month Free, Net Prices from $3,092/Month [LINK]
- 525 West 52nd Street: Luxury Amenities for Residents – and Your Pets Too [LINK]
- Hunters Landing: Newly Launched Long Island City Rentals with 3 Months Free, Net Prices from $2,222/Month [LINK]
SEE MORE RENTAL NEWS AND OFFERS HERE
Tower Fifth rendering by TMRW courtesy Gensler
The developers behind the distinct supertall at 432 Park Avenue want to take a second shot at altering New York City’s skyline. Harry Macklowe submitted a preliminary application to the city’s planning department for a 1,551-foot-tall skyscraper between 51st and 52nd Streets in Midtown across from St. Patrick’s Cathedral, the New York Times reported. If the city approves the project, Tower Fifth, the name given to the proposed tower by Macklowe Properties, would become the second-tallest building in the Western Hemisphere.
See inside the proposed supertall