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.
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Silverstein Properties' Rogers Stirk Harbour + Partners-Designed 3 World Trade Center Officially Opens
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.
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Check Out The Newly Unveiled Rafael Viñoly-Designed Harlem River Yards Mega-Project & Soccer Stadium
There is a new $700 million mega-project coming to the South Bronx waterfront, Harlem River Yards. The project, headed by Related Companies in partnership with Somerset Companies and New York City Football Club, would bring New York City its first soccer specific stadium.
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252 East 57th Street Wins Urban Land Institute (ULI) Award For Excellence in Mixed-Use Development
World Wide Group and Rose Associates, the developers of 252 East 57th Street, the SOM-designed curved glass tower anchoring the eastern end of Manhattan’s 57th Street luxury residential corridor on Billionaires Row, has announced that the development has won the prestigious Urban Land Institute (ULI) Design Award for Excellence in Mixed-Use Development
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Time Out Announces Time Out Market New York To Open In Brooklyn's Dumbo
Time Out, the British-based company that is behind the Time Out series of magazines as well as the Time Out Market Lisbon and Time Out Market Miami, has announced that they will be opening a food hall on the Dumbo waterfront later this year.
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The Cast-Iron 165 Mercer Street Reveals Flank-Designed Office Space Conversion in SoHo
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.
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Steiner NYC Has Filed Plans To Expand Brooklyn Navy Yards With The Addition Of 399 Sands Street
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.
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Tishman Speyer's Bjarke Ingels Group-Designed Supertall 66 Hudson Boulevard Set To Go Vertical In Hudson Yards
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.
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European Retail Powerhouse Unibail-Rodamco To Take Over Westfield For $15.7 Billion
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
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320 Wythe
Flank Is Building Timber Buildings In Williamsburg, The First To Be Built In New York City In Over A Century
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.
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Check-Out DNA Development's New "Jewel Box" Retail Project Adjacent to Rockefeller Center & Fifth Avenue
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
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Hudson's Bay Company To Sell Landmark Fifth Avenue Lord & Taylor Building To WeWork
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.
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The International Center of Photography Will Relocate to Essex Crossing's 242 Broome Street
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.
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Neiman Marcus Downsizing Their Future Flagship Store in Related Companies' Hudson Yards
Neiman Marcus has announced that they are going to downsize their future flagship store at Related Companies' Hudson Yards. The retailer had originally planned on building out 250,000 SF as the anchor store for the 1 million SF complex. It now is reported that Neiman Marcus is looking at cutting out between 10,000 and 70,000 SF from their original plan. The retailer has reported 7 consecutive quarters of declining sales and has been struggling with matching online competition and decreased foot traffic in malls. Earlier this year it was reported that Related Companies and Neiman Marcus were discussing Related Companies taking an ownership stake in the retailer, which is owned by Private Equity firms Ares Management and Canada Pension Plan Investment Board. Neiman Marcus also owns Bergdorf Goodman. Hudson Yards is 70% leased and is expected to be completed in 2019.
The Studio C Architects-Designed 100 East Broadway Reveals New Office Condominiums
A new office development is coming to Chinatown in the form of 100 East Broadway, under development by Shing Wah Yeung of Yeung Real Estate. The office condominium project is designed by Studio C Architects and will rise 14 stories, 180', and feature 63,732 SF of usable space inside. The usable space breaks down to 58,830 SF of commercial space and 4,902 SF of community facility space. 100 East Broadway will feature ground floor retail along with restaurant space on the 2nd and 3rd floors and medical offices on the 4th. Floors 5-14 will consist of office condominiums.
DXA Studio's Mixed-Use 16 Berry Street in Williamsburg Unveiled
The design for the commercial development proposed at 16 Berry Street by Cayuga Capital Management has been unveiled. The 60,000 SF mixed-use structure is being designed by DXA Studio and will feature ground floor retail split between 7 storefronts. In total there will be 24,869 SF of commercial space, 4,495 SF of community space, a 7,000 SF roof deck and 107 parking spaces. 16 Berry Street is expected to be completed in 2019.
DXA Studio Design Unveiled for Mixed-Use, 115 Broadway in Williamsburg
115 Broadway in Williamsburg appears to be getting a contemporary, mixed-use designed by DXA Studio. The 4-story development will include 5,040 SF of commercial space including ground-floor and second floor retail, office space on the third floor, and community space on the fourth.
Construction Update: Genting Breaks Ground on Resorts World Hotel and Casino Expansion at Aqueduct Racetrack
Genting Group has broken ground on their 420,000 SF expansion to their Resorts World Casino New York City (July 2017). The five-star, 400-key resort is located at 110-00 Rockaway Boulevard in South Ozone Park in Queens. The project features the addition of new 10-story structure that houses 400 hotel rooms, retail, dining and entertainment including 1,000 new video lottery terminals. The expansion is expected to cost $400 million and will be completed in 2019.
Proposed Renovation for 50 Hudson Street by Theirry Despont Inches Closer to Approval
50 Hudson Street is inching closer to approval for the addition of a glass, two-story residential addition to the rooftop. The proposal must get final approval from the Landmarks Preservation Commission but was reportedly well received by local residents who embrace the proposed modern infusion while preserving the neighborhoods historic charm. The two story, 8706 SF addition is designed by Theirry Despont and will be constructed from glass brick. The new structure will feature 3 residential units, a rooftop terrace and a penthouse atrium. 50 Hudson Street, located at 540-544 Hudson Street, was originally built in 1925 and renovated in 2007. The building features 11,000 SF of usable space including ground floor retail and 2 floors of office space. No date for resubmission of plans for review have been announced.
