The first floor slabs for a new Margaritavile Resort at 560 Seventh Avenue are beginning to rise above the crowded tourist-congested streets and sidewalks of Times Square. The 29-story building will sit at the intersection of Seventh Avenue and West 40th Street. Coming to the property will be a three-story restaurant, an outdoor swimming pool with plentiful seating and beach-themed motifs, and a rooftop bar called the LandShark Bar & Grill. Sharif El-Gamal of Soho Properties is developing the site along with MHP Real Estate Services. The cost to build is expected to be around $300 million.
Construction at 111 West 57th Street has reached a major milestone. The reinforced concrete superstructure for the second tallest building in New York City by roof height and the world’s most slender residential building is now topped out. The future 1,428-foot tall tower is being designed by SHoP Architects and developed by JDS Development, Property Markets Group and Spruce Capital Partners. Douglas Elliman is handling sales and marketing for the 46 condominiums.
New renderings have been released for the upcoming 37-story condominium tower 611 West 56th Street, aka 823 Eleventh Avenue. The first project in the United States for Portuguese architect Alvaro Size, the white limestone-clad structure will rise 440 feet tall and contain 80 units. The rectangular site is located at the corner of West 56th Street and Eleventh Avenue and is being developed by Sumaida + Khurana and LENY.
Construction at 500 West 25th Street is now topped out and the installation of glass panels in the curtain wall is almost complete. GF55 Partners is the architect of record for the ten-story building while GDS Development is the developer. The site is located next to the High Line at the corner of West 25th Street and Tenth Avenue.
Ceruzzi Properties has officially launched sales at The Centrale, a new 71-story condominium building designed by Pelli Clarke Pelli with executive architects SLCE. Located at 138 East 50th Street, the structure towers 800 feet above Midtown East, Manhattan and contains 124 residential units.