A partial residential conversion of the landmark McGraw-Hill Building at 330 W. 42nd Street has jumped on the fast track.
As my colleague Lois Weiss first reported, asset manager resolution real estate was Exploration of option in October 2022“We have overcome all obstacles,” said Resolution Managing Partner Gerard Nocera.
The conversion of floors 12 to 34, which is estimated to cost Nocera $100 million, is set to begin this summer.
The 224 apartments are expected to be completed in the second quarter of 2024.
Reconfiguration of the Art Deco masterpiece included the creation of a second lobby and entrance, and the reinstatement of the McGraw-Hill name above the residential entrance. Resolution is working with SLCE Architects on the apartment design.
no one reads me january 16 column What may come as a surprise is that Gov. Cathy Hochul has abandoned the state’s proposal for improvements to Penn Station, which is mostly tied to cash from office towers to be built by Vornado.
she will now “shift gears” and Pursue an “Alternate Plan” To pay for a new station.
But I noted in January that she made no mention of her pet plan for redeveloping Penn Field in her State of the Union address, even though it was a priority of her administration and that of her predecessor, Andrew Cuomo.