Construction has made significant progress on Moinian’s 605 West 42nd Street, which is now rising above its retail podium; as of the last update, from September, foundation work was just nearing completion, and Curbed posted photos of the building rising above ground level this past January. The site was stuck in limbo following the recession, but work resumed last year, and the project’s architect is Goldstein Hill & West.
With 1,174 units, 605 West 42nd Street will become one of the largest apartment buildings in New York City; the only comparable will be TF Cornerstone’s new development at 606 West 57th Street, which will have 1,189 units. Moinian’s building will have a major retail component, in addition to the residences above.
The previous recession-induced pause at 605 West 42nd Street was a major negative for the surrounding neighborhood; concrete pits are never pleasant, especially when they span an entire block. Though the building’s opening day is a ways off, its visible impact is already beneficial; the far side of 42nd Street is largely a hodge-podge of skyscrapers and forlorn remnants of Midtown West’s decaying past, and adding additional density will be crucial if the area is to become legitimately livable.
While base retail at 605 West 42nd Street will be a catalyst for vibrancy, the rise of nearby developments like Silverstein’s 514 Eleventh Avenue and Extell’s 547 Tenth Avenue will also be a significant positive, and the combination of new buildings will hopefully push the western edge of Midtown to critical mass — which will hopefully result in the eventual construction of the 7-line’s 42nd Street stop, as it is already sorely needed.
Completion of 605 West 42nd Street is expected at the end of 2015, and the tower will eventually stand 60 stories and 656 feet tall.
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