New Developer Acquires Site of Planned 18-Story, 41-Unit Residential Project, 134 West 58th Street, Midtown

134 West 58th Street in April 2014, photo by Christopher Bride for PropertyShark134 West 58th Street in April 2014, photo by Christopher Bride for PropertyShark

S.W. Management has acquired, for $61.5 million, the 15-story, 121-unit residential building at 134 West 58th Street, in Midtown, Commercial Observer reported. The developer purchased the property from Extell Development, who previously filed applications at the site for a new 18-story, 41-unit residential building, as YIMBY reported late last year. It’s not known if the new owner will follow through with those plans. Building permits were granted in April to develop a 60,324-square-foot project. The residential units would have averaged 1,283 square feet apiece and amenities would have included storage for 21 bikes, private residential storage, a ‘recreation room” on the ground floor, and a rooftop recreational area. Issac & Stern Architects was the architect of record. Demolition permits haven’t been filed for the existing apartment building.

Subscribe to the YIMBY newsletter for weekly updates on New York’s top projects

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews

TFC Horizon
.

7 Comments on "New Developer Acquires Site of Planned 18-Story, 41-Unit Residential Project, 134 West 58th Street, Midtown"

  1. I presume the existing building is a residential rental building?

  2. gayle goodman | August 10, 2016 at 8:30 pm |

    This is a beautiful prewar building! It would be terrible to demolish it and put up something new. It’s gorgeous.

  3. Glad Extell’s terrible plan seems dead for now. Evicting hundreds of tenants for a few dozen condos is disgusting.

  4. Point to a “recreation room” for example karaoke, movies or dance on the floor. (I plan in my imagines)

  5. I agree with you Gayle they seem to be doing that with a lot of the buildings destroying beauty that have been around for a long time. The city should stop thoses developers for destroying well structure buildings and putting up cheap ones ( referring to the material that is being used).

  6. Horrible if this beautiful building gets demolished. Shouldn’t this be landmarked in some way? I agree with Gayle!

  7. Silas Kvilhaug | August 21, 2016 at 1:25 am |

    They’ve bought another prime property in Red Hook — one that apparently is included in their plan to develop a massive waterfront office complex.

Comments are closed.