514 Eleventh Avenue

514 Eleventh Avenue

Permits Filed for Silverstein’s Massive Site at 520 West 41st Street

The site of the old Mercedes dealership at 520 West 41st Street has seen several prospective designs covered by YIMBY over the years, including a pair of connected skyscrapers that generated a substantial amount of buzz. Now, permits have finally been filed with the Department of Buildings for the site’s residential tower, which will rise 57 floors and 723 feet to its rooftop.

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514 Eleventh Avenue

Silverstein Properties Considers Two-Towered Mixed-Use Project at 514 Eleventh Avenue, Midtown West

Silverstein Properties is now considering developing a two-towered mixed-use project 514 Eleventh Avenue, located on the block between West 40th and 41st streets in Midtown West. The latest plans, which the developer has not committed to at this time, would include a 600,000-square-foot residential condominium tower, followed by a separate one-million-square-foot commercial tower. These plans are consistent with current zoning laws and would not require a rezoning, Crain’s reported. CetraRuddy would be responsible for the design.


514 Eleventh Avenue

Silverstein Puts Development Site At 514 Eleventh Avenue On The Market, Midtown West

Over the summer, Silverstein Properties began demolishing the low-rise commercial building at 520 West 41st Street/514 Eleventh Avenue, in Midtown West, to make way for a 1,400-unit mixed-use development. Now, the developer has tasked CBRE to market and sell the property, which could potentially be worth close to $500 million, according to Crain’s. The project is currently being processed through ULURP, as a rezoning is required, and Silverstein eventually agreed to allot 375,000 square feet for affordable housing. YIMBY revealed the original proposal in July of 2014.


520 West 41st Street

Demolition Begins At 520 West 41st Street, Site Of 106-Story Mixed-Use Tower, Midtown West

Earlier this year, Silverstein Properties paid roughy $100 million for a car dealership at 520 West 41st Street, aka 514 Eleventh Avenue, in Midtown West. Last summer, YIMBY revealed plans for an 106-story, 1,400-unit mixed-use tower at the site (currently traversing ULURP). Although the proposed 1.685 million square-foot building has yet to be approved, Curbed reports demolition of the existing low-rise commercial building has begun.