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.
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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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Related Companies Announces The London-Based Hospitality Firm Rhubarb To Operate Rooftop Public Space In 30 Hudson Yards
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.
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Tan Architects Reveals Their Design For 147-12 Roosevelt Avenue In Murray Hill, Queens
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.
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Shake-Up At Trump SoHo As The Trump Organization Announces CIM Buyout Of Famed Hotel-Condo
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.
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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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Hilton And Anbang At Odds Over Final Hotel Room Count At The Waldorf Astoria
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.
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Get A First Look at The Newly Revealed Rendering For Hudson Yards' 441 Ninth Avenue
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.
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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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Construction Update: Behind-The-Scenes at SL Green's, Grand Central Station Hugging Supertall One Vanderbilt
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).
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Hudson Yard's 3 Hudson Boulevard Loses Supertall Designation in Height Reduction, Breaks Ground
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.
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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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Check-Out The New Renderings The Morris Adjmi Architects-Designed 419 Broadway in SoHo
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.
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Construction Update: L&L Holding Company Tops Out The Kohn Pedersen Fox-Designed 390 Madison Avenue
L&L Holding Company has officially topped off their 32-Story redevelopment Of 390 Madison Avenue in Midtown East. The building has been expanded from 24 floors and 291' to now rise 32 floors and 373'.
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Highgate to Buy Gansevoort Park Avenue NYC In a Deal Worth Almost $200 Million
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
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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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Will There Finally Be An Ownership Shake-Up At The Standard, High Line Hotel?
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.
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Trendy New Bluarch Architecture-Designed Commercial Project Revealed in Astoria
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.
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Barry Sternlicht's Starwood Capital Group Acquires 30% Steak in YOTEL
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).
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