111 West 57th Street Lands $725 Million In Financing

111 West 57th Street111 West 57th Street, rendering by Hayes Davidson and SHoP Architects

JDS and PMG’s 82-story, 60-unit condominium tower at 111 West 57th Street, in Midtown, has received a $725 million construction loan, thanks to AIG and Apollo Global Management. SHoP Architects is designing, and the supertall is now expected to stand 1,438 feet to its pinnacle. The existing Steinway building is being partially demolished, and foundation work is currently underway, with completion slated for 2018, according to Crain’s Business. In April, YIMBY brought you new renderings of the project.

111 West 57th Street, rendering by SHoP Architects

111 West 57th Street, rendering by SHoP Architects

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