Midtown

Facebook is looking to expand its New York City footprint once again. The social media company is in talks to lease about 700,000 square feet at the former James A. Farley Post Office, a city landmark in Midtown currently being converted into a mixed-use building. If the deal is inked, Facebook would become one of the largest corporate tenants in the city with 3 million square feet of office space leased, as first reported by the Wall Street Journal.
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Real Estate Trends

Target announces new Times Square store, its 10th Manhattan location

Rendering courtesy of Target

December 5, 2019

Target announces new Times Square store, its 10th Manhattan location

New York City is getting another Target. The retailer announced on Thursday plans to open a small-format store in Times Square, its 10th store in Manhattan. The 33,000-square-foot location will be located at a five-level retail complex on 42nd Street between 7th and 8th Avenues. The property, owned and managed by Tishman Realty, is currently undergoing a $60 million renovation. The 42nd Street shop is expected to open in 2022.
The Target takeover continues

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Everything you need to know about this year’s Rockefeller Center tree lighting

Image by Michael Vadon via Wikimedia Commons

December 4, 2019

Everything you need to know about this year’s Rockefeller Center tree lighting

The 2019 Rockefeller Center Christmas tree has been in place for nearly a month, and it's almost ready to get lit. The 87th annual tree lighting ceremony will take place later tonight, with tens of thousands of spectators expected for the festivities and millions more tuning in on television. The event is free to the public on a first-come, first-served basis, so read on for everything you need to know if you plan on getting a spot (or if you'd rather watch from your couch!).
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Events & Things To Do

Empire State Building opens 80th-floor observatory, completing $165M redevelopment

Photo by Evan Joseph for Empire State Realty Trust

December 2, 2019

Empire State Building opens 80th-floor observatory, completing $165M redevelopment

With the opening of the 80th-floor observatory last week, the $165 million, four-year redevelopment of the Empire State Building is now complete. In partnership with the city's tourism agency, NYC & Company, Empire State Realty Trust created an interactive, visitor-focused experience, which includes personalized digital itineraries, the building's classic viewfinders, film, original artwork, and more. The Trust unveiled the 102nd-floor observatory to the public in October, with the second-floor museum opening earlier in the summer.
See it here

Architecture And Design

Netflix reaches deal to keep Midtown’s Paris Theatre open for special events and screenings

Photo courtesy of Netflix, by Marion Curtis

November 26, 2019

Netflix reaches deal to keep Midtown’s Paris Theatre open for special events and screenings

In a press release yesterday, Netflix announced that it reached a lease agreement to preserve Midtown's iconic Paris Theatre and keep it open for "special events, screenings, and theatrical releases of its films." Last month, Netflix premiered its new movie "Marriage Story" in the Paris, and with talks of the 58th Street site potentially getting redeveloped, many hoped the company would find a longer-term residency in the 71-year-old theater, which was NYC’s last single-screen movie house.
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NYC to close streets around Rockefeller Center to cars during holiday season

Photo by Javier Guiterrez Acedo on Flickr

November 22, 2019

NYC to close streets around Rockefeller Center to cars during holiday season

The city will expand pedestrian space around Rockefeller Center and Radio City Music Hall during the holiday season, Mayor Bill de Blasio announced on Friday. Starting Nov. 29, 49th and 50th Streets, as well as Fifth and Sixth Avenues, will be partially closed to cars to alleviate congestion caused by the roughly 800,000 people who visit the Christmas Tree every day during the season. The expansion marks the first time the city has created a defined pedestrian space for the area.
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Rendering of the new shop, courtesy of David Korins

November 13, 2019

Midtown’s Drama Book Shop gets a new location and a 2020 opening date

Midtown's 100-year-old Drama Book Shop has a new home and an opening date after being revived by Lin-Manuel Miranda and three “Hamilton” collaborators, the New York Times reports. Earlier this year, the garment district mainstay was forced to close due to rising rents. With investment help from the Mayor's Office of Media and Entertainment, Miranda's team bought the store from owner Rozanne Seelen and packed up the storefront at 250 West 40th Street, where it had been located since 2001. Since then, they've found a new location just one block south at 266 West 39th Street, which is expected to open in March.
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Penthouse inside 111 West 57th Street’s landmarked Steinway Building hits the market for $21M

Renderings by Hayes Davidson and images by Peter Murdock; courtesy of Douglas Elliman

November 8, 2019

Penthouse inside 111 West 57th Street’s landmarked Steinway Building hits the market for $21M

Once home to the Steinway & Sons piano company, the landmarked building at 111 West 57th Street was acquired by developers JDS Development, Property Markets Group, and Spruce Capital Partners in 2013 for $217.5 million and has since become incorporated into SHoP Architects’ super-slender supertall tower rising next to it. Originally built in 1925, the Beaux-Arts building will house the lobby for the luxury tower and a small number of apartments, including this 5,200+ square-foot duplex penthouse that just listed for $21 million.
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This holiday season, you can book a toy-filled FAO Schwarz hotel suite for $3,000/night

Photo courtesy of Conrad New York Midtown

November 6, 2019

This holiday season, you can book a toy-filled FAO Schwarz hotel suite for $3,000/night

A new hotel in Midtown is offering the ultimate New York City holiday experience. Conrad New York Midtown has partnered with iconic toy store FAO Schwarz to bring a 1,800-square-foot one-bedroom suite full of toys, including 10-foot stuffed animals, train sets, and of course, the famous dance-on piano. The playful stay does not come cheap; the holiday suite package starts at $3,000 per night.
How to book

Events & Things To Do

Sales still in a slump at post-2016 Trump Tower

Photo by Krystal T via Flickr

November 4, 2019

Sales still in a slump at post-2016 Trump Tower

By Michelle Cohen

Living under the shadow of having President Trump as an occasional neighbor–and as a sign on the front of your building–doesn't do much for condo property values in midtown Manhattan, if commercial leasing and residential sales at Trump Tower are any indication. CityRealty reports that vacancies persist in the commercial podium of 721 Fifth Avenue, and residential condo sales in the mixed-use tower have yet to recover from recent stagnation: Almost one half of the units up for sale have cut their initial asking prices, and all but two of the 11 condos whose sales closed this year have sold at an often-considerable–more than 10 percent–discount.
More on the Trump slump

Real Estate Trends

All photos by Floto + Warner

November 1, 2019

Check out the cocktail bar at Nordstrom’s new Billionaires’ Row flagship

After much anticipation, Nordstrom opened its new NYC flagship last week. Located inside Billionaires' Row supertall Central Park Tower (the current world's tallest residential building), the seven-story department store offers such perks as stroller cleaning and shoe repairs and stocks "more than 10,000 handbags, 100,000 pairs of shoes, and 6,000 pairs of jeans," according to amNY. And in addition to all this retail excess, the store also has seven food and beverage options, including Broadway Bar, a cocktails and small plates restaurant on the third and fourth floors. Designed by Rafael de Cárdenas / Architecture at Large, Broadway Bar uses muted hues and subtly curved geometry to create a calm escape within the store. Ahead, get a better look at the space.
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De Blasio resists plan to pedestrianize Rockefeller Center during upcoming holiday season

Photo by Shinya Suzuki / Flickr

November 1, 2019

De Blasio resists plan to pedestrianize Rockefeller Center during upcoming holiday season

For years, residents and community leaders have called on the city to add pedestrian space near Rockefeller Center to make conditions safer for the hundreds of thousands of people who visit the area during the holiday season to see the tree and store windows. This week, the Department of Transportation privately issued a pilot plan to address the major crowds by increasing pedestrian space on Fifth Avenue between East 48th and East 51st Streets. But Mayor Bill de Blasio quashed the plan before it was officially released, claiming "it was not signed off on by City Hall."
Details here

See inside SHoP’s slender supertall at 111 West 57th Street

The living room of the 43rd-floor unit; Photo by Peter Murdock

October 29, 2019

See inside SHoP’s slender supertall at 111 West 57th Street

The skinny skyscraper perfectly positioned over Central Park has officially topped out at 1,428 feet, becoming the world's second tallest residential building. Designed by SHoP Architects, 111 West 57th Street's super-slender frame allows each of the 46 full-floor and duplex condos to feel like a penthouse. In addition to the Billionaires' Row tower reaching its pinnacle height at 91 stories, new images released Tuesday provide a first look inside the residences, with 360-degree views of Manhattan and bold interiors conceived by Studio Sofield.
See inside the supertall

New Developments

Image: Business Wire

October 28, 2019

Yayoi Kusama’s ‘Love Flies Up to the Sky’ balloon to join Macy’s Thanksgiving Day Parade

By Michelle Cohen

Work by Yayoi Kusama, the celebrated contemporary artist who gave us those famous polka-dot pumpkins and insanely popular Infinity Rooms, will be brightening the Macy's Thanksgiving Day Parade. The Japanese artist's creation, “Love Flies Up to the Sky,” will be part of the parade's Blue Sky Gallery, a series of balloons that reflect art from the world's best-known contemporary artists.
Inflatable art, this way

Events & Things To Do

All renderings courtesy of Gensler

October 22, 2019

New lobby renderings revealed for Phillip Johnson’s 550 Madison Avenue

It's been two years since developers unveiled their plans for a $300 million renovation of 550 Madison Avenue, helmed by architecture firm Snøhetta. Built in 1984 to the designs of Philip Johnson and John Burgee, the 647-foot building was the world’s first postmodern skyscraper. After several revisions, the renovation plans were approved by the LPC in February, and now, developer the Olayan Group has revealed the first renderings of the lobby. Most notably, the interior designs respect the 110-foot arched entryway and vaulted ceilings and add a window overlooking the proposed new public garden in the rear arcade.
More details ahead

Architecture And Design

Midtown’s Paris Theatre will temporarily reopen for a Netflix screening

Photo by Ajay Suresh on Flickr

October 21, 2019

Midtown’s Paris Theatre will temporarily reopen for a Netflix screening

In August, Midtown's 71-year-old Paris Theatre closed its doors when its lease with developer Sheldon Solow ended. The 581-seat theater was NYC's last single-screen movie house and was known for showing indie and foreign, especially French, films. But the iconic establishment on 58th Street will open its doors once more next month; Deadline reports that Netflix has worked out a deal with Solow to screen its upcoming movie "Marriage Story" in the Paris when it premiers on November 6th.
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City Living

Nordstrom’s 7-level flagship opens at Central Park Tower next week

Rendering courtesy of Nordstrom

October 18, 2019

Nordstrom’s 7-level flagship opens at Central Park Tower next week

Nordstrom's massive flagship store officially opens to the public next week, seven years after the company first announced its move to New York City. The department store sits in the base of the Central Park Tower, currently the tallest residential building in the world, and takes up seven floors. And while the tower no longer shares the company's name, the sheer size of the flagship, along with its unique glass facade, will still make the store stand out. To celebrate the store's opening on Oct. 24 at West 57th and Broadway, there will be grand opening festivities taking place with lots of free samples, complimentary food, and live entertainment.
Details here

New Developments

Brookfield unveils $400M redevelopment of 666 Fifth Avenue

Left: Photo by David Shankbone on Wikimedia; Right: Rendering by Hayes Davidson for Brookfield Properties

October 17, 2019

Brookfield unveils $400M redevelopment of 666 Fifth Avenue

Hoping to start a new chapter for the problem-plagued tower, Brookfield Asset Management has unveiled its plan to overhaul 666 Fifth Avenue. The 41-story Midtown office building will undergo a $400 million overhaul designed by Kohn Pedersen Fox Associates, including a new glass exterior, floor-to-ceiling windows, revamped rooftop spaces, and updated mechanical systems, as the Wall Street Journal first reported. And separating itself further from its past, the building's address will now be 660 Fifth Avenue.
New details this way

Architecture And Design

PHOTOS: See the views from the Empire State Building’s new 102nd-floor observatory

View looking north, with Central Park and the towers that dot Billionaires’ Row clearly visible; Photo courtesy of Empire State Realty Trust

October 11, 2019

PHOTOS: See the views from the Empire State Building’s new 102nd-floor observatory

After four years and $165 million, the revamp of New York City's first supertall is nearly complete, bringing a more contemporary and visitor-friendly experience to one of the world's most historic buildings. The Empire State Building's 102nd-floor observatory, which boasts 360-degree panoramic views at 1,250 feet above street level, officially opens to the public on Saturday, Oct. 12. Building owner Empire State Realty Trust redesigned the observatory to be less obstructive for guests, allowing more picture-perfect views and less time waiting.
All the way up

Ken Griffin drops another $4M on Central Park South condos after record $240M penthouse purchase

Via Vornado Realty Trust and Robert A.M. Stern Architects

October 10, 2019

Ken Griffin drops another $4M on Central Park South condos after record $240M penthouse purchase

Billionaire Ken Griffin really likes 220 Central Park South. The hedge fund mogul picked up two more apartments at the Robert A.M. Stern-designed skyscraper last month, less than a year after he bought a record-breaking $240 million penthouse there. The New York Post first spotted the sales, which includes apartments 20H for $1.89 million and 20J for $2.06 million, bringing his total investments at the property to roughly $244 million.
And another one

Real Estate Trends

October 10, 2019

Jenny Holzer explores gun violence in a new public artwork at Rockefeller Center

Artist Jenny Holzer—known for her practice of displaying text in the public sphere—is partnering with Creative Time for the third time on a new public art project at Rockefeller Center. VIGIL is a series of light projections addressing gun violence in America through first-hand accounts, poems, and responses by Americans who have had to reckon with the everyday reality of gun violence. The words will be beamed across the iconic Midtown destination each night from October 10 to 12 beginning at 8 p.m.
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Events & Things To Do

26-story boutique office building planned on top of Calvary Baptist Church on Billionaires’ Row

Photo via Wikimedia

October 7, 2019

26-story boutique office building planned on top of Calvary Baptist Church on Billionaires’ Row

Developers are planning to build a massive office project on top of a Billionaires' Row church. The Real Deal reported on Monday that Alchemy and ABR Investment Partners have partnered to buy properties owned by Calvary Baptist Church at 123-141 West 57th Street. The proposed boutique office building would rise 26 stories atop church space and sit next to Extell Development's supertall, One57.
More here

New Developments

Winter festivities come early to NYC, with ice rinks and holiday markets opening this month

Photo by Shinya Suzuki on Flickr

October 4, 2019

Winter festivities come early to NYC, with ice rinks and holiday markets opening this month

Before it's even truly felt like fall, winter is coming to New York City. Ice skating rinks and holiday markets will open this month, giving an early taste of cold-weather activities. The Bank of America Winter Village at Bryant Park, which includes holiday vendors and 17,000-square-foot ice rink, officially opens on Oct. 31, letting you trade trick-or-treating for shopping and skating. The iconic skating rink at Rockefeller Center will open on Oct. 12 for the fall and winter season and Lasker Rink in Central Park will open sometime later this month.
Who's ready?

Events & Things To Do

How to get around NYC during this year’s United Nations General Assembly

Image via Flickr

September 20, 2019

How to get around NYC during this year’s United Nations General Assembly

The United Nations General Assembly already began on Sept. 17 but Midtown has yet to experience the traffic nightmare that will hit the neighborhood next week. With meetings taking place through Sept. 30, the city has designated weekdays between Sept. 23 and Sept. 30 as gridlock alert days. On top of UNGA, Climate Week events will add to the congestion. “Drivers should leave their cars at home next week if they can—and try walking, taking mass transit, or getting on a bicycle," Polly Trottenberg, commissioner of the Department of Transportation, said in a statement. Here's a handy guide to getting around the city during the busy week ahead, including street closures and traffic updates for those of you with nerves of steel.
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Apple’s Fifth Avenue flagship reopens with famed glass cube and new public plaza

Photo by Aaron Hargreaves for Foster + Partners

September 20, 2019

Apple’s Fifth Avenue flagship reopens with famed glass cube and new public plaza

Apple's famous Fifth Avenue flagship reopens Friday after more than two years of renovations. The glass cube has returned as an entrance to the store, set above the newly updated and locust tree-lined public plaza. As 6sqft previously reported, it cost $2 million to remove the cube in 2017 during the Midtown Manhattan store's expansion.
Take a step inside

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Robert A. M. Stern’s 220 Central Park South passes $1B in sales

Via Vornado Realty Trust and Robert A.M. Stern Architects

September 18, 2019

Robert A. M. Stern’s 220 Central Park South passes $1B in sales