Demolition Update: 45 East 22nd Street
Demolition is now complete at 45 East 22nd Street, paving the way for construction to begin on the future 64-story building; Bruce Eichner of Continuum is developing, and Kohn Pedersen Fox is the architect.
The 372,684 square-foot building will have 83 units, and while pricing has not been released, numbers will likely be astronomical, especially given Related’s results at One Madison. 45 East 22nd Street will stand 150 feet taller than One Madison, topping-out 777 feet above 22nd Street.
Financing for the site remains undisclosed, but given the ongoing demand for super-luxe residences, 45 East 22nd Street would seem well-positioned for imminent verticality. While 57th Street and Lower Manhattan have several similar proposals in the works or under construction, the area surrounding Madison Square Park is bare of comparisons outside of One Madison and Eichner’s tower, which would seem to brighten prospects.
The structures that formerly occupied the site came down one by one over the past few months, and shots during demolition — April above, June below — show how quickly removal occurred.
Per Curbed, completion of 45 East 22nd Street is slated for 2016; while the target seems slightly ambitious, it would also herald excavation beginning in the very near future.
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