Number 24 on YIMBY’s countdown of the tallest projects underway in New York is 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 520-foot-tall structure will span 430,000 square feet and yield 453 units, with 137 for moderate and middle incomes, as well as 9,000 square feet of retail space, over 20,000 square feet of residential amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.
At the time of our last update in May, demolition was just getting underway on the former occupant of the site, which has been fully razed and cleared in the intervening months. Significant excavation progress has occurred since then, and work has begun on the new foundations along the southern and eastern edges of the property.
Numerous hollow steel pilings, stacks of concrete form work, thick cables, and mounds of dirt are waiting to be hauled away as a piling machine and excavator work on the site. Work will continue downward through the upcoming winter months, with the new superstructure likely emerging above street level by early spring.
Residential amenities will include an upper-level lounge and adjacent outdoor sky deck with views of the Empire State Building, Hudson Yards, and sunsets over the Hudson River. The multi-story podium will contain additional amenity space for social, leisure, and health and fitness activities.
The property is a short walk from a number of subway lines including the A, C, and E trains at the 42nd Street-Port Authority Bus Terminal Station, which offers a connection to the 42nd Street-Times Square Station servicing the 1, 2, 3, 7, N, Q, R, W, and Shuttle to Grand Central Station. Also nearby is the 7 train at the 34th Street-Hudson Yards Station.
550 Tenth Avenue is anticipated to be completed in June 2025, as noted on site.