Foundation work is now underway on the 52-story, 141-unit mixed-use tower under development at 281 Fifth Avenue, located on the corner of West 30th Street in NoMad. The construction progress can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the project will stand 728 feet in height and encompass 266,963 square feet.
There will be 7,927 square feet of retail space across the cellar, ground, and second floors. The residential units, condominiums, will be located across the 12th through 50th floors. On average, the apartments should measure 1,485 square feet apiece. The Victor Group and Lendlease Corporation are the developers. Rafael Viñoly’s architecture firm is behind the design. Completion is expected in 2018.
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