Excavation is underway at 141 East 47th Street, the site of a 35-story residential tower in Midtown East. The 183,310-square-foot project is designed by Ismael Leyva Architects and developed by Silverback Development. The latter was brought on by Hopson Development Holdings, which purchased the parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Located between Park Avenue and Lexington Avenue, the development is set to yield 200 units and cost $250 million.
The final exterior touches are underway on 12 East 48th Street, a 367-foot-tall hotel tower in Midtown East. Designed by Handel Architects and developed by Hidrock Realty, the property is set to house a 161-room, 125,000-square-foot Hilton Grand Vacation Hotel. DeSimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the building, which is located between Madison Avenue and Fifth Avenue.
Exterior work is progressing on 425 Park Avenue, an 897-foot-tall commercial skyscraper in Midtown East and number 12 on YIMBY’s construction countdown. Designed by Norman Foster of Foster + Partners and developed by L&L Holding Company LLC with Adamson Associates, the 47-story tower will yield 666,966 square feet of office space.
Exterior work is still wrapping up on Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue in NoMad and number 13 on our countdown of the tallest projects under construction in the city. Alternately addressed as 15 East 30th Street, the 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle. Douglas Elliman is handling sales and marketing of the 199 condominiums, which will all sit atop an additional 7,500 square feet of ground-floor retail space.
Façade installation is progressing on 3 Sutton Place, a 847-foot-tall residential skyscraper at 430 East 58th Street in Midtown East and number 15 on our countdown of the tallest construction projects underway in New York. Designed by Thomas Juul-Hansen and developed by Gamma Real Estate with Stephen B. Jacobs Group as the executive architect, the 62-story tower is located between Sutton Place South and First Avenue and will yield a total of 121 residential units. The site is a short distance away from the East River and the Sutton Place Park North esplanade.