106 West 56th Street


Long-Awaited Office Tower at 106 West 56th Street Finally Tops Out, in Midtown

Construction at 106 West 56th Street has recently topped out at 27 stories. The Perkins Eastman-designed office building stands 403 feet tall and is being developed by private equity firm Savanna Fund, along with Hong Kong-based developer Atom Assets. The steel superstructure and its gentle setbacks should soon see the first glass curtain wall panels installed in the coming weeks. The site is located just one block south of 57th Street, aka Billionaires’ Row.

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106 West 56th Street’s Setbacks Begin Taking Shape, in Midtown

Construction at 106 West 56th Street is ascending quickly. The multiple setbacks of the building’s northern elevation are beginning to take shape as the steel climbs toward its 403-foot planned height. The 27-story office tower is being designed by Perkins Eastman and developed by private equity firm Savanna Fund, along with Hong Kong-based developer Atom Assets. The site is located between Sixth Avenue and Seventh Avenue, just one block south of 57th Street, aka Billionaires’ Row. The closest subway is the F train at the 57 Street station on Sixth Avenue, while the N, Q, R, and W trains are to the west on Seventh Avenue and West 57th Street.

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106 West 56th Street

Reveal For 26-story, 90,000-Square-Foot Office Building At 106 West 56th Street, Midtown

Earlier this week, news broke that Savanna and Hong Kong-based Atom Assets were planning a 26-story, 90,000 square-foot office building at 106 West 56th Street, in Midtown, and now Real Estate Weekly has a rendering of the project. As reported earlier, the new building will feature boutique office space geared towards smaller business tenants. The Perkins Eastman-designed project will feature multiple terraced setbacks and floor plates of varying sizes, ranging from 5,000 square feet on the lower levels to 2,000 square feet towards the top. The developers received an acquisition loan from United Overseas Bank to purchase the existing nine-story office building. Demolition will begin in early 2017 and completion is expected in 2019.


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