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The company is negotiating a lease in 1 World Trade Center to take over about 200,000 square feet in the building, a source close to the deal told CNNMoney.
WeWork recently became the second-largest renter of office space in the borough, according to a Cushman & Wakefield report earlier this month. WeWork trails just about 74,000 square feet behind JPMorgan's New York tenancy. If the deal goes through, WeWork would surpass the bank.
— money.cnn.com
According to Crain's New York Business, WeWork is close to finalizing the lease with 1 World Trade Center. The co-working space company has grown tremendously in the past 8 years it has been operating with offices now in over 20 countries around the world. For more backstory on WeWork's... View full entry
The city grid, which once served to organize the development of private real estate by providing access to land parcels, now has a more pressing role to play in making cities livable. Our reimagining of the grid starts from the premise that how we use public rights of way no longer meets the city’s needs, so we should transform the streets radically, dedicating them to pedestrians. — citylab.com
Jonathan Cohn and Yunyue Chen propose a new pedestrian plan for Manhattan's grid grouping blocks into larger neighborhoods and organizing streets into either thoroughfares or local streets. Cohn leads the transportation and public infrastructure studio of Perkins Eastman, while Chen received... View full entry
"Property of the Hess Estate Which Has Never Been Dedicated For Public Purposes", reads a small mosaic in Manhattan's West Village. A peculiar sight, artist Chaz Hutton recently recounted in a fascinating twitter thread how this small piece of New York Real Estate, also known as the Triangle of... View full entry
Speculations for the topping out of the 73-story 30 Hudson Yards have been swirling for the last couple months, and now the fateful day has finally arrived. [....] YIMBY received confirmation that the tallest building of the Hudson Yards mega-development has finally reached its pinnacle, with an American flag rising above the building’s parapet. — New York YIMBY
Visualization of the Hudson Yards development with the KPF-designed supertall 30 Hudson Yards tower in the foreground. Image: KPF.Now only 50 Hudson Yards remains to be finished from the phase one batch of Hudson Yards towers. "Phase two will see the construction of several new retail... View full entry
Lower Manhattan could be the first to test out an innovative system that is being proposed as a way to protect cities from rising sea levels and future storms. Called “Humanhattan 2050,” a visionary idea from Bjarke Ingels Group (BIG) that’s on view in the 2018 Venice Architecture Biennale, the project not only proposes new infrastructure to safeguard the waterfront for the next hundred years, it will also make these spaces more accessible and enjoyable. — Observer
Image via @BIGstertweets/Twitter.Avid Archinect readers will remember the "Humanhattan 2050" scheme from its initial iteration, BIG's 2014 Rebuild by Design competition-winning proposal "The BIG U" in response to the most devastating storm ever to hit New York, Hurricane Sandy, and the need for... View full entry
Progress on the second highest tower in the Hudson Yards mega-development has reached a milestone. 35 Hudson Yards has officially topped out at 1,009 feet. Now that it has reached that height, it is the ninth tallest structure in New York City and 19th tallest in the United States. Related Companies and Oxford Properties Group are responsible for the development. Next door, 30 Hudson Yards is tantalizingly close to topping out, but the milestone has not yet officially occurred. — New York YIMBY
Rendering of what the completed 35 Hudson Yards will look like. Image courtesy of Related-Oxford. View full entry
In 2016, a Manhattan crane collapse in Tribeca killed one person, seriously injured two others and left another with minor injuries. Workers were trying to secure the crane against winds by lowering the boom when the crane collapsed to the ground. The accident was caused by a series of operator... View full entry
Last December, plans were unfurled for 130 William, a reverential new skyscraper to jostle amongst the spired giants of lower Manhattan.
[...] we can note that the project has achieved two small construction milestones in its journey against the sky: crews have reached street level and standing upright is a red kangaroo crane that will bring the rectangular tower to its full 66-floor, nearly 800-foot-tall summit.
— CityRealty
Rendering courtesy of Lightstone.Fully revealed only a few weeks ago, the Lightstone-developed, Adjaye Associates-designed 800-foot luxury condo tower is already making construction progress with its crane fully installed and prepared to stack 66 floors wrapped in a hand-cast concrete facade with... View full entry
Fifteen Hudson Yards, designed by Diller Scofidio + Renfro in collaboration with Rockwell Group, has now topped out and stands over 900 feet tall. This is the first tower within the 28-acre NYC site with for-sale residencies. Sales for the 285 condominiums have now surpassed 50%, with the... View full entry
The world-renowned architecture, interiors and planning firm FXFOWLE Architects will now go by the name FXCollaborative. Originally founded 40 years ago as Fox & Fowle, the firm is rebranding with a new logo and a new location. In less than four years the firm will move from their long... View full entry
What seemed inevitable for quite some time now, has finally come to pass; Uber has overtaken yellow cabs in average daily ridership figures, the New York Times reports. This past July, Uber witnessed an average of 289,000 rides per day, whereas yellow cabs only managed 277,000. — Curbed New York
More than half of Uber's rides start outside of Manhattan. Yellow and green cabs are not as accessible in Brooklyn, Queens, the Bronx, and Staten Island and users prefer Uber and other ride-share apps. The company capitalized on this market by offering borough-specific promotions and moved its... View full entry
According to The Real Deal, via the Downtown Alliance, the center of the New York architecture world is heading south, with over 100 architecture and engineering firms concentrated in Lower Manhattan. Nearly half of them moved there in the last decade or so, while others—like SOM and... View full entry
The effort to convert the old Penn Central rail yard on the Far West Side of Manhattan into high-rises has bumped along since being proposed in the mid-1970s by a developer named Donald J. Trump.
What was proposed for the area often rankled neighbors, who found the buildings to be too tall, too close together and too pricey. But, after welcoming its first residents in the late 1990s, the controversial mega-project is entering its homestretch.
— The New York Times
The site includes buildings by architects like Richard Meier and the soon-too-be-completed Three Waterline Square by Rafael Viñoly. While Donald Trump is no longer the landlord, his name still appears on façades. View full entry
The Manhattan Waterfront Greenway is a 32-mile ring of parkland that surrounds Manhattan—or almost all of it, that is. Between 41st and 61st Streets along the East River lies a “glaring gap”, as The New York Times calls it. Mayor Bill de Blasio has announced that the city will spend $... View full entry
Walk through the towering door now, and Midtown falls away. The transition is not abrupt; a visitor is met first with a bank of wooden cupboards, easing newcomers off the street and into the vastness of the house itself. Then, space. The main room provides an unimpeded vista through 100 feet of natural-lit openness, a glass wall, a courtyard and pond, and a small separate structure beyond. The effect — of muted light, of air, of cleanness — is moving. — The New York Times
Fresh from her daily column at The Paris Review, Sadie Stein visits a Philip Johnson-designed apartment/artistic showcase in midtown Manhattan known as the "Rockfeller Guest House."Combining a rich historical narrative with some evocatively observed design, this piece is, as befits its author, a... View full entry