Earlier this year, Silverstein Properties paid roughy $100 million for a car dealership at 520 West 41st Street, aka 514 Eleventh Avenue, in Midtown West. Last summer, YIMBY revealed plans for an 106-story, 1,400-unit mixed-use tower at the site (currently traversing ULURP). Although the proposed 1.685 million square-foot building has yet to be approved, Curbed reports demolition of the existing low-rise commercial building has begun.
520 West 41st Street (foreground), photography by ILNY
The proposal calls for 300,000 square feet of retail and 175,000 square feet of corporate apartments in the building’s base. A tentative timeline estimates construction should begin in 2017 for a 2020 completion, pending administrative approval.
520 West 41st Street (foreground), photography by ILNY
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