Construction Update: 547 10th Avenue

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Excavation is in full swing at Extell’s 547 10th Avenue, which will soon stand 52 stories and hold 600 units. Much of the surrounding neighborhood’s revitalization has been centered along 42nd Street, which is where the largest new developments have risen; 547 10th Avenue is located south of the main corridor, and will help enhance a block that is still dominated by entrance ramps to the Lincoln Tunnel.

Work began earlier this year, and on-site signage indicates the tower should be complete in June of 2016. The architect is SLCE, and the new building looks similar to many of its neighborhood companions; it will be a large and simple box of mass-market rentals. Not every project in New York needs to have a starchitect attached, especially if the goal is a final product that comes close to ‘affordable’; while the amount of residential space currently under construction is far from satiating demand, more developments like 547 10th Avenue are necessary if the continued rise in prices is to be tempered.

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