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Several local New York outlets have reported an update on the financial dispute between the Chrysler Building’s owner-operator RFR and The Cooper Union, which has held the land use rights to its lot since 1902. The Austrian-based developer purchased William Van Alen’s landmarked design for... View full entry
One of New York's top tourist draws, Rockefeller Center’s Top of the Rock experiential space, has opened a brand new attraction called Skylift. Standing 30 feet above the roof deck on the 70th floor, the platform offers panoramic views of the city from 900 feet and is illuminated by... View full entry
Is the Chrysler Building’s reputation enough for it to endure as an icon, or is it at risk of fading away from the skyline, as newer, taller and glitzier glass buildings surround it? — The New York Times
William Van Alen’s iconic masterpiece of the Art Deco style (which topped out just six days before the stock market crash of 1929) is now facing financial uncertainties after its pre-pandemic sale for just $150 million to an Austrian developer and New York-based CRE firm. The recent bankruptcy... View full entry
New York City's recently launched Office Conversion Accelerator Program has drawn interest from 64 building owners in Manhattan as planning officials mull changes to help speed up the process intended to deliver 20,000 new units of housing by 2033. The market for conversion in Lower... View full entry
Foster + Partners has updated its plans for the new 62-story supertall at 350 Park Avenue after receiving approvals from planning officials to deliver what will be their fifth recent high-rise design in Midtown Manhattan after 425 Park Avenue, 50 Hudson Yards, the forthcoming PENN 15 tower, and... View full entry
Plans for a four-tower scheme designed by BIG for the east side of Manhattan have been announced by developers Soloviev Group and Mohegan in advance of its commencement in Midtown. Their transformative Freedom Plaza project will be realized on a 6.7-acre plot near the United Nations complex... View full entry
Just three large office towers — of more than 500,000 square feet — are being built across New York City, with two expected to open in 2024 or 2025 and nothing else projected to go up for years. Normally, a handful of sites that size would be in various stages of construction, with at least one opening every year since 2018, according to JLL, a real estate services firm. — The New York Times
Due to an obvious confluence of interest rates, office vacancy records, and construction costs, the Times says Manhattan is “entering its most significant office construction drought since after the savings and loan crisis in the late 1980s and early ’90s.” Recent superlatives like BIG’s... View full entry
Skidmore, Owings & Merrill has announced the completion of a recent restoration project that’s meant to breathe new life into their historic Lever House design in Manhattan. The scope of their work entailed the creation of a new lobby, ground-level public plaza, installation of an entirely new... View full entry
BIG has shared photos to follow the firm’s completion of the new 2.8 million-square-foot The Spiral office tower in Midtown Manhattan. Located at the entrance to the High Line Park on 34th Street between 10th Avenue and Hudson Boulevard, the 66-story structure rises to a total height of... View full entry
New York City officials announced plans on Thursday to ease the conversion of office buildings to housing and to open manufacturing areas south of Times Square to new residential development, as part of a broader push to reinvent the struggling business district in Midtown Manhattan and address the city’s housing crisis. — The New York Times
The news comes after the revelation last week that a total of zero new housing starts were approved in Manhattan in the month of July. The Adams administration previously announced its desire to create 40,000 new residential units through the adaptive reuse of office buildings. The rezoned area... View full entry
A $36 million restoration of Eero Saarinen’s 1964 corporate headquarters for CBS in Manhattan has been announced by New York-based Harbor Group International, LLC (HGI) ahead of the project’s expected completion early this fall. The architect’s lone skyscraper design, an ominous 38-story... View full entry
Rex Heuermann, an architect who had lived most of his life in Nassau County and worked in Manhattan, was taken into custody in connection with at least some of the killings, said an official with knowledge of the case. — The New York Times
The 59-year-old was the owner of a Midtown Manhattan-based consultancy practice that offered “concept-driven designs at multiple scales from educational facilities, residential works, as well as mix use and office design, public works, and master planning,” according to its website. Heuermann... View full entry
A new proposal from HOK and Practice for Architecture and Urbanism (PAU) has been unveiled as the competition to design a more modern and accessible update to Penn Station continues just days after New York State Governor Kathy Hochul officially scaled back the project due to economic concerns and... View full entry
New York officials are calling on design firms, engineers and architects to draw up a plan for a new Penn Station design that keeps both commuters and the community in mind. [...]
In a dramatic about-face, the governor announced plans to redevelop Penn Station without touching the neighborhood surrounding it. With soaring glass ceilings and a broad marble concourse not unlike the Moynihan Train Hall directly adjacent to it.
— ABC 7
The scrapped 10-tower office component of the $7 billion plan was ultimately done in by the consequences of post-pandemic economics that have profoundly affected the commercial real estate market in Midtown and other parts of Manhattan. Gone also are the 1,800 housing units included in... View full entry
Ken Griffin’s empire will occupy more than half of the office space at a new Manhattan skyscraper at 350 Park Ave., which is expected to be completed in 2032. [...]
Citadel confirmed plans to construct a tower at 350 Park Ave., a 1.7 million-square-foot (158,000 square-meter) building that would replace three properties in that area. The firm has been working with developers Vornado Realty Trust and Rudin Management Co.
— Bloomberg
Citadel's fund is managed by billionaire philanthropist Kenneth Griffin, whose 2018 donation to West Palm Beach, Florida's Norton Museum of Art earned him a special named wing also designed by Foster + Partners' New York office. If approved, the new 1,350-foot supertall 350 Park Avenue tower... View full entry
