The Chrysler Building is now for sale as the owners, the Abu Dhabi Government Fund and Tishman Speyer, have hired CBRE to market the building. The Abu Dhabi Government Fund acquired 90% of the building in 2008 and Tishman Speyer has spent over $100 million on improvements since they acquired the tower in 1997.
Following Amazon’s announcement of opening their HQ2 in New York’s Long Island City neighborhood, Google has announced a $1 billion investment initiative to expand their Manhattan campus into Google Hudson Square as well as expand their workforce by 7,000.
425 Park Avenue, designed by Norman Foster’s Foster + Partners, has officially topped out in Midtown East at 897’. The tower rises 41-stories and is being developed by L&L Holding Company, LLC. with Adamson Associates as the architect of record.
BIG Architects has revealed new renderings of the proposed rooftop addition to the 104-year-old Fifth Avenue Lord & Taylor building. WeWork purchased the building last year for $850 million and plans to make the property their new headquarters. Lord & Taylor will close after the 2018-19 holiday season sighting lack of profitability.
The Bromley Companies have proposed a three-story, vertical, office-space addition atop 122 Fifth Avenue. The addition was designed by Perkins Eastman Architects would bring the structure from 10-stories to 13-stories and will feature loft-style office space, landscaped terraces and a landscaped rooftop terrace.
The COOKFOX Architects-designed 1 South First has been revealed at 260 Kent Avenue in Williamsburg, Brooklyn, part of the Domino megaproject. The tower is being developed by Two Trees and is the second of four planned residential projects in the megaproject that is redeveloping the former Domino Sugar Refinery.
Vornado Realty Trust has revealed their plans to redevelop 260 Eleventh Avenue, a commercial project redesigned by British architect Richard Rogers. The building was originally built in 1911 and currently stands 235,000 SF, though it will be expanded during the renovation.
Largo Investments has revealed a new rendering of 71 North 7th Street in Williamsburg in partnership with JDS. The mixed-use commercial building is being designed by Jeffrey Cole Architects PC and will rise 50'.
Harrison North of Guyon, the GRO Architects-designed mixed-use tower, has been revealed as part of the Harrison Waterfront Redevelopment Plan. The tower will rise 20-stories and will feature office space, retail and a hotel competent.
Simon Baron Development has revealed their new project coming to 12 Franklin Street in Greenpoint, Brooklyn. The 7-story project is being designed by FXCollaborative and will feature 134,000 SF of Class-A office space along with 23,000 SF of manufacturing and ground floor retail.
Oestreicher Properties Inc., Marx Realty and Midwood Investment & Development have announced that several prominent firms, including Silver Rock Capital, SK Capital, and Impala Asset Management, have signed leases for office space totaling more than 31,000 SF at 430 Park Avenue in the first half of 2018.
Midwood Investment & Development has announced that BESTSELLER Wholesale U.S., a subsidiary of the international, family-owned fashion company BESTSELLER, has signed a lease for the fourth floor of 96 Spring Street, which is now fully leased.
Silverstein Properties has officially celebrated the grand opening of the Rogers Stirk Harbour + Partners-designed 3 World Trade Center, the fourth tower of five planned to open in the World Trade Center at 175 Greenwich Street.
WeWork continues to rapidly expand in the Chelsea neighborhood. The $20 billion coworking giant signed a 100,000-square-foot lease at 214 West 29th Street with landlord Walter & Samuels. It will occupy floors two through eight at the 17-story office building between Seventh and Eighth Avenue.
Investment advisor Kepos Capital LP has signed a lease relocating its headquarters to 11 Times Square, a state-of-the-art, LEED-Gold-Certified commercial tower owned by SJP Properties in partnership with PGIM and Norges Bank.
The Landmarks Preservation Commission approved the renovations to transform the historic Henry Fernbach-designed cast-iron building originally built in 1871, into office and retail use complete with a penthouse.
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.
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.
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.
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.
Since Sony left 550 Madison over a year ago, the Philip Johnson-designed, iconic postmodern office tower has sat mostly vacant. First there was the failed plans by the Chetrit Group to convert the buildings in a condo tower, followed by the $1.4 billion sale of the property to Olayan America in May 2016.
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.
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.