L&L finishes $2M Flatiron rehab, gets permit for $4.9M Times Square rehab

L&L Holding Company completed a $2 million rehabilitation of a Flatiron building and was issued a permit for a $4.9 million Times Square rehab.

In the first, L&L on July 28, formally completed a $2 million rehab of an office building at 150 Fifth Avenue in Flatiron.

The plans, pre-filed on November 1, 2017, called for a rehab of all floors of the 110-foot tall, 11-story building. The time from pre-file to completion was two years and nine months.

The project is described in the filings as: means and methods for partial demolition as per plans filed herewith. Filed in conjunction with Alt 1, # 122700292. The initial cost as reported in the DOB filing for the work described in this permit application is $2 million.

The rehab was filed in conjunction with L&L’s $18.26 million enlargement plan for the building, pre-filed in July of 2016. Those plans have been permitted but not completed.

Direct link to Acris document.LINK

Direct link to DOB document.LINK

The day after marking their 2017 rehab as complete, L&L was given a permit for a $4.9 million project at their TSX Broadway joint venture development site at 1568 Broadway in Times Square.

The plans, pre-filed on February 3, 2017, called for the installation of a sprinkler/standpipe system in the 544-foot tall, 46-story, building.

The project is described in the filings as: filing herewith installation of sprinkler/standpipe system in conjunction with Alt 1 application #121191236. The initial cost as reported in the DOB filing for the work described in this permit application is $4,927,376.

The project was filed in conjunction with the $179.7 million redevelopment project at the site, which L&L is undertaking in partnership with Fortress Investment Group and the Nederlander Organization.

When completed, there will be a new 550,000-square-foot, 46-story tower with retail space and a 669-key luxury hotel occupying the property. The construction costs for the entire project are estimated to be around $2.5 billion.

Direct link to Acris document.LINK

Direct link to DOB document.LINK