Hidrock files plans for new 31-story Midtown hotel

Hidrock Properties is planning a new 161-room hotel on a Midtown assemblage it acquired for $47 million, according to property records filed with the city Friday. Financial District-based Hidrock filed plans for a 116,000-square-foot, 31-story hotel at 12 East 48th Street. The family-led development firm, led by CEO Abraham Hidary, acquired the three commercial buildings[…]

Restoration Hardware contractor found guilty of manslaughter in worker’s death

Harco Construction was found guilty Friday of manslaughter, criminally negligent homicide and reckless endangerment in connection with the death last year of a worker at the Restoration Hardware site in the Meatpacking District. A New York State Supreme Court judge ruled that Harco is guilty on all but one of the counts it faced – one of four[…]

Manhattan monthly leasing activity fell below 2M sf for first time this year in May

Demand for Manhattan office space “lost some momentum” in May, according to Cushman & Wakefield’s latest office market report, which noted that monthly leasing activity in the borough fell below 2 million square feet for the first time this year. There were 1.8 million square feet of new Manhattan office leases signed last month, the[…]

Artificial intelligence developer takes 27K sf at 7 WTC

Artificial intelligence developer IPsoft took a 27,200-square-foot sub-sublease for office space at Silverstein Properties’ 7 World Trade Center in the Financial District. IPsoft has already moved into the space, which comprises of roughly two-thirds of the 32nd floor at 7 WTC. The company is subleasing the office from currency trading firm FXDD, which itself subleased nearly[…]

Landmarks approves HFZ’s changes to historic Gilsey House

Rendering of 8 West 30th Street in NoMad (credit: Safdie Architects) (inset: Ziel Feldman) The Landmarks Preservation Commission signed off on changes to the historic Gilsey House in NoMad that will enable Ziel Feldman’s HFZ Capital Group to build a 64-story, 796-foot-tall condominium tower at 8 West 30th Street. While Landmarks had previously approved other[…]