A proposed “boutique” office tower at 106 West 56th Street has begun excavation, where private equity firm Savanna Fund, along with Hong Kong based developer Atom Assets, plan to construct a 26-story tower. The site is located between 6th and 7th Avenues, just south of Billionaire’s Row.
With approximately 90,000 square feet of interiors space, Andrew Kurd of Savanna Fund said in a 2016 interview with The Real Deal that the building would be tailored for “high-net-worth individuals, small private-equity firms and family wealth-management offices that want to have new space and proximity to the Upper West Side and Central Park.”
The envelope uses multiple setbacks between three and ten feet wide as the tower steps away from street level to its flat roof parapet. The building will rise 403 feet on a 5,000 square foot lot, and is being designed by Perkins Eastman.
Completion is expected sometime in 2019.