Excavation Begins at 141 East 47th Street in Midtown East

141 East 47th Street. Designed by Ismael Leyva Architects

Excavation is underway at 141 East 47th Street, the site of a 35-story residential tower in Midtown East. The 183,310-square-foot project is designed by Ismael Leyva Architects and developed by Silverback Development. The latter was brought on by Hopson Development Holdings, which purchased the parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Located between Park Avenue and Lexington Avenue, the development is set to yield 200 units and cost $250 million.

YIMBY last reported on the building in late November 2018, when the site still sat vacant and overgrown. At the time, the fate of the original building, which was to stand 49 stories and contain 122 units, was uncertain. Now, photos show machinery busily unearthing the site and gradually descending below street level. Four buildings had to be demolished to make way for the new structure.

141 East 47th Street. Photo by Michael Young

141 East 47th Street. Photo by Michael Young

A new updated rendering was also spotted on the construction fence. The design features a darker color palette and series of setbacks culminating in a multifaceted crown reminiscent of the Art Deco styling. Though it likely won’t reach skyscraper status, 141 East 47th Street will nevertheless complement the neighborhood with classic styling and add vertical density to the cityscape.

141 East 47th Street. Photo by Michael Young

Previous rendering of 131 East 47th Street, southeast perspective. Credit: SLCE Architects

Previous rendering of 131 East 47th Street, northeast perspective. Credit: SLCE Architects

131-141 East 47th Street

An older design of 131-141 East 47th Street, image from New Empire Real Estate

The property will contain homes ranging from studios to two-bedroom units, averaging $1.5 million apiece. It will also yield 5,000 square feet of ground-floor retail space.

141 East 47th Street is now slated to be completed in 2022.

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TFC Horizon

10 Comments on "Excavation Begins at 141 East 47th Street in Midtown East"

  1. David in Bushwick | December 22, 2020 at 8:15 am | Reply

    Well, the newest design is definitely the best. It’s kind of surprising these types of projects are still happening.

    • Yes, revised design is beautiful and classic..big improvement.

    • I agree, the third design is the best, and shows more refinement than the previous designs.

      Just wondering what’s with the trend of cantilevered buildings?
      Looks like they are upside down!

      *I wish could time travel back to see NYC in the 1920’s to 1940’s, when the skyline was at it’s best… without all the 1960’s glass boxes, generic “Kaufman’s”, staritect “experiments” (ie. Chelsea), and “BladeRunner” towers for the 1%’ers, ruining it now! ☹

  2. Well, I’m very interested to see how this turns out. The new design looks pretty sleek.

    • PS: I encourage you all to click the blue 141 East 47th Street link at the top and then scroll down until see you the first article about this building. Pretty ugly design, right? Or at least I think so. ?

  3. Just what we need more apartment buildings which no can afford to live in

  4. So glad to see this revised design!

  5. Get the location correct it’s between Lexington Ave and Third Ave not Park and Third. One of the old buildings was my business for over 20 years.

  6. I relocated to the Berkshires several years ago and haven’t been to Manhattan since. Looking at these images makes me veery glad I haven’t been back. You guys are welcome to enjoy them either visually or intimately, but I also yearn for the architecture prior to the late 60’s when a building looked like a building and the sky was somewhat visible.

  7. Great looking project
    Not sure about the timing on thi,s but can’t wait to see it’s progression

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