FLATIRON—There's a teaser website up for the Bow Building at 242 Fifth Avenue, a vacant 150-year old building headed for conversion to four condominium units. According to the site, the units will be two- and three-bedrooms, all with outdoor space, and previous reports indicated that they will be priced between $3.5 million and $7 million. [CurbedWire Inbox; previously]
MIDTOWN SOUTH—Alfa Development has announced that it is beginning a $12 million renovation of the now-landmarked Hotel Grand Union at 34 East 32nd Street. There will be changes to the public spaces, guest rooms and back-of-house systems, and the hotel is expected to reopen in early fall. [CurbedWire; previously]