Permits for demolition and construction at 424 West 55th Street have been approved; the existing three-story theater is being removed to make way for seven stories of residences. The architect of record is Ariel Aufgang, and the developer is Arker Companies.
The site’s former occupant was nothing spectacular, and is already coming down; no renderings for the replacement structure have been posted, but it will have seventeen units in total.
While West 55th Street has been relatively quiet, the resumption of work at 400 West 57th Street, aka The Windermere, will likely set the tone for the neighborhood in the coming decade. The final vestiges of pre-Giuliani New York are being converted or redeveloped at a rapid pace, and a lack of remaining development rights in Hell’s Kitchen should push several stagnant sites towards verticality.
Split between 18,400 square feet, the seventeen units at 424 West 55th Street will be fairly standard for Manhattan, averaging slightly over 1,000 square feet. The Schedule A has additional details on the project’s configuration; the maximum number of residences per floor will be three.
On-site signage indicates a winter 2016 completion date.
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