BD Hotels has officially opened Pod Times Square, Pod Hotels new flagship location in Times Square at the intersection of 42nd Street and Ninth Avenue (January 2018). The hotel features 665 micro-hotel rooms in addition to 45 Pod Pads, which are rental apartments available for short and long term leasing.
Permits have been filed for the expansion of the Studio Museum of Harlem. The museum will add a 6-story International Center for Contemporary Artists of African Descent next door to their existing building. The new ultra-modern structure will be designed by Adjaye Associates, led by Sir David Adjaye.
Caspi Development, Mactaggart Family & Partners, and Barone Management have finally broken ground on the long delayed 456 Greenwich Street hotel development in TriBeCa. The hotel will rise 8-stories, 110', and was designed by Stephen B. Jacobs with interiors by Martin Brudnizki.
The Foster + Partners 425 Park Avenue has begun its vertical rise as construction teams have completed restructuring the base floors of the site's original structure. When completed, 425 Park Avenue will rise 41-stories, 893', and is being developed by L&L Holding Company.
Steiner NYC has filed plans to expand its 15-acre Brooklyn Navy Yards Campus with the addition of a new 9-story building at 399 Sands Street. The building, which is being designed by Dattner Architects and will feature 412,030 SF to total development.
Construction has officially topped out on the TWA Hotel At JFK International Airport, one year after groundbreaking on December 15, 2016. The hotel breathes new life into the adjacent iconic, 1962 Eero Saarinen-designed TWA Flight Center, which will become the hotel's lobby and will feature an museum/ exhibition space open to the public.
Tishman Speyer's BIG-designed, 64-story office tower is just about ready to go vertical in Hudson yards. Located at 66 Hudson Boulevard, demotion and excavation work has been completed and the supertall is ready to begin foundation work.
European retail giant Unibail-Rodamco has reportedly agreed to take over Westfield Corp., another retail giant, for $15.7 billion. The move consolidates two of world’s largest mall operators after Westfield's shares fell 9% amid a decline in retail. Westfield Corp. operates the Westfield World Trade Center located in the Oculus at the WTC Transportation Hub
Related Companies has announced that the London-based hospitality firm Rhubarb will take over operations for the public spaces at 30 Hudson Yards. The supertall tower will have a slew of amenities spread over 10,000 SF open to the public including restaurants and retail.
Tan Architects have revealed their new renderings for 147-12 Roosevelt Avenue in Murray Hill, Queens. Permits have already been filed for the 4-story mixed-use building which is being developed by Ling Feng International. The building will feature 12,450 SF of total developed space with 3,290 SF of medical space on the first floor.
There has been an uber-shake-up at Trump Soho, the famous hotel-condo that opened in 2007 as the Trump Group and owner CIM Group have parted ways. The 46-story, 391-unit property was first developed by a partnership between Bayrock Group and Sapir Organization, who entered into a licensing deal with The Trump Group to brand and manage the property.
New York-based design and development firm Flank is looking to the past to build the workplaces of the future. Flank has broken ground on 320 Wythe and 360 Wythe in Williamsburg, Brooklyn, two new boutique office and retail buildings which will be the first timber structures built in New York City in over a century.
Drama is beginning to heat up at the Waldorf Astoria, which Anbang purchased in 2015 for $1.95 billion. Anbang had planned to convert the legendary hotel from 1,413 hotel rooms to both 840 hotel rooms with 409 condominiums overseen by Skidmore, Owings, & Merrill (SOM) with construction led by Aecom Tishman.
The Cove Property Group and the hedge fund Baupost Group have revealed the first renderings for 441 Ninth Avenue in Hudson Yards. The new building will be a renovation of the existing 8-story structure built in 1962 with the addition of a 17-story framed glass upper section.
DNA Development is upping the retail game in Midtown as they have broken ground and are completing foundation work for their new "Jewel Box," a modern-lux retail project adjacent to Rockefeller Center and Fifth Avenue. The stand alone retail project is designed by Ennead Architects and provides a flagship retail opportunity located directly between Rockefeller Center and 5th Avenue
Construction is cruising at SL Green's One Vanderbilt, their new supertall office-tower adjacent to Grand Central Station in Midtown. Construction at One Vanderbilt progressing smoothly as the steel superstructure has gone vertical after breaking ground in October 2016. One Vanderbilt will rise 1,401', 58 floors, and was designed by Kohn Pedersen Fox (KPF).
Hudson Yards' 3 Hudson Boulevard has broken ground today (November 3, 2017) after the planned tower lost its future supertall designation. A recent height reduction brought the future office tower's height to 940' and 53 floors, down from 1,050' and 66 floors.
The landmark Lord & Taylor Building on Fifth Avenue is set to become the new WeWork Headquarters. In a deal valued at $850 million, Lord & Taylor's parent company, Hudson's Bay Company, will sell the iconic building to the 7 year old, co-working office space venture, as pressure on retail continues in the ever changing retail marketplace.
Morris Adjmi Architects has released new renderings of their design for 419 Broadway in SoHo, which is being developed by United American Land, LLC. The proposal is up for review by the Landmarks Preservation Commission.
Highgate, led by Mahmood Khimji, is buying the Gansevoort Park Avenue NYC in NoMaD a deal worth nearly $200 million. The deal equates to around $800,000 per key for the upscale hotel located at 420 Park Avenue South
International Center of Photography will relocate to Essex Crossing's 242 Broome Street in 2019. The museum is under contract to purchase two commercial condo units and consolidate the ICP Museum and the ICP School into a single, two building, 40,000 SF space.
Could another shake-up becoming to the New York hospitality industry? Earlier this summer rumors began to surface that Standard International, the hospitality firm founded by hotelier Andre Balazs, which originally bought out The Standard, High Line from other investors in 2014 for $400 million, is in late-stage talks to unload the asset.
A trendy new commercial building developed by Fernando Magalhaes and designed by Bluarch Architecture has been revealed at 40-17 28th Avenue in Astoria. The project will rise 3 stories, 49', and will feature 37,443 SF of total development with 7,113 SF of restaurant space and 7,131 SF of community space.
Barry Sternlicht’s Starwood Capital Group is investing $250M to acquire a 30% steak in YOTEL, a chain of affordable "pod" style hotels in New York City, Boston, Paris Charles de Gaulle Airport, London Heathrow, London Gatwick, Amsterdam Schiphol; with San Francisco and Singapore opening this year (2017).
Amazon announced Thursday (September 21) that it has signed a 15-year lease at 5 Manhattan West for their Manhattan headquarters for Amazon Advertising. The lease covers 360,000 SF at Brookfield Property Partners’ 5 Manhattan West and will serve as part of Amazon's commitment to bring 2,000 new jobs to New York City over the next 3 years.