The site of the old Mercedes dealership at 520 West 41st Street has seen several prospective designs covered by YIMBY over the years, including a pair of connected skyscrapers that generated a substantial amount of buzz. Now, permits have finally been filed with the Department of Buildings for the site’s residential tower, which will rise 57 floors and 723 feet to its rooftop.
520 West 41st Street
Silverstein Properties is now considering developing a two-towered mixed-use project 514 Eleventh Avenue, located on the block between West 40th and 41st streets in Midtown West. The latest plans, which the developer has not committed to at this time, would include a 600,000-square-foot residential condominium tower, followed by a separate one-million-square-foot commercial tower. These plans are consistent with current zoning laws and would not require a rezoning, Crain’s reported. CetraRuddy would be responsible for the design.
In 2015, New York’s landmarks law turned 50 years old. Events and discussion panels were held across the city throughout the year. The Museum of the City of New York held the commemorative Saving Place exhibit. As YIMBY reported, six individual landmarks and four historic districts were designated during this period. However, last year also saw its fair share of demolitions. Here, we look back at a small selection from the dozens of buildings that met the wrecking ball over the course of 2015. These eight structures range from architectural masterpieces to eyesores and span across a variety of decades, styles, and uses – as diverse as the Big Apple’s built environment itself.
Over the summer, Silverstein Properties began demolishing the low-rise commercial building at 520 West 41st Street/514 Eleventh Avenue, in Midtown West, to make way for a 1,400-unit mixed-use development. Now, the developer has tasked CBRE to market and sell the property, which could potentially be worth close to $500 million, according to Crain’s. The project is currently being processed through ULURP, as a rezoning is required, and Silverstein eventually agreed to allot 375,000 square feet for affordable housing. YIMBY revealed the original proposal in July of 2014.
The old Mercedes dealership at 520 West 41st Street and Eleventh Avenue is meeting a quick demise, paving the way for Silverstein Properties to begin preparation work for their future mixed-use development. While the project must still pass through ULURP, YIMBY revealed preliminary renderings last June, showing a 1,400-unit tower rising above a significant retail podium. Now we have a few overhead shots of demolition progress taken from the nearly-completed Skye, just a few hundred feet to the northwest.