Back in 1974, developer Sheldon Solow built a 50-story office tower at 9 West 57th Street that featured a dramatic, sloping facade clad in dark glass. Now he plans to knock down a little office building next door at 7 West 57th Street, to make way for a 19-story residential building.
Last year, Michael Shvo and Russian billionaire Vladislav Doronin agreed to pay $500 million for 20 floors of the Crown Building at 730 Fifth Avenue, on the corner of 57th Street. Now Shvo has filed plans to convert most of the 26-story office building into condominiums and a hotel.
YIMBY’s last update on One57 — the 73-story mixed-use tower, with 92 condominiums perched above a 210-key Park Hyatt Hotel, at 157 West 57th Street, in Midtown — was back in August of 2014. At the time, the removal of sidewalk shedding was underway, which signaled that construction had been completed. One last element, however, wasn’t revealed until earlier this week: the structure’s LED crown that faces Central Park. The western half was turned on, as seen in a photo posted to the YIMBY Forums. Renderings have long suggested an illuminated crown on the 1,005-foot-tall tower, which was designed by Paris-based Atelier Christian de Portzamparc. Extell Development Company developed One57. Per a count done in the spring, 38 condos remained unsold.
Centered just below Central Park’s southern edge, super-slender supertall 111 West 57th Street will probably be iconic before it is even finished. Of course, that won’t be for a couple of years. However, some visible progress is being made at the construction site in Midtown.