Construction Update: 50 West Street
While new towers like 56 Leonard and 30 Park Place are quickly changing the northern edge of the Lower Manhattan skyline, new residential development further south has been relatively sparse. 50 West Street is finally changing that, and the tower is now rising above ground level, per the latest photos by Tectonic.
Formwork is already up to the building’s third floor, and it will eventually total 64 stories, standing 783 feet tall. That’s a decent bit below its neighbors to the north, but compared to surrounding buildings, 50 West Street will still have a fair bit of heft. Until 125 Greenwich Street rises, it will be the tallest skyscraper on the West Side south of the World Trade Center.
Time Equities is developing the site, and the project had been stalled since the last recession, though everything now appears on track. Helmut Jahn and Thomas Juul-Hansen are designing, and sales began earlier this year, with prices ranging all the way to $18.63 million for a three-bedroom unit on the 59th floor.
Next door, an exterior refurbishment and re-cladding is also underway at Moinian’s 90 Washington Street. The completion of both projects will greatly improve the block, but the Battery Parking Garage — which dominates the cityscape just to the south — remains an unsightly hulking mass that is detrimental to walkability, hopefully beckoning eventual demolition and redevelopment.
In the meantime, 50 West Street is rising quickly, and completion is expected by 2016.
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