Construction Update

262 Fifth Avenue

Excavation Progresses for 262 Fifth Avenue Residential Supertall in NoMad, Manhattan

Excavation is continuing at 262 Fifth Avenue, the site of a proposed 1,043-foot residential supertall in NoMad and number eight on our year-end construction countdown. Designed by Russian-based firm Meganom with SLCE Architects as the executive architect and developed by Boris Kuzinez of Five Points Development under the Five Points 262 Project, LLC, the 60-story tower will yield 139,168 square feet of residential space divided into 41 residential units and 10,850 square feet of retail space on the first two floors. CM & Associates Construction Management, LLC is the general contractor for the property, which is located at the corner of Fifth Avenue and West 29th Street.

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The Spiral Nears Completion at 66 Hudson Boulevard in Hudson Yards, Manhattan

Curtain wall installation is wrapping up on The Spiral, a 1,041-foot commercial supertall at 66 Hudson Boulevard in Hudson Yards and number nine on our construction countdown. Designed by Bjarke Ingels Group and developed by Tishman Speyer, the 66-story structure will yield 2.85 million square feet of office space and is expected to cost nearly $3.7 billion. Turner Construction Company is the general contractor, Banker Steel provided the steel work, and Permasteelisa is serving as the contractor for the reflective floor-to-ceiling glass enclosure for the property, which takes up a full city block between Tenth and Eleventh Avenues and 34th and 35th Streets.

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50 Hudson Yards’ Façade Installation Wraps Up in Hudson Yards, Manhattan

Exterior work is nearing completion on 50 Hudson Yards, a 1,011-foot-tall commercial skyscraper in Hudson Yards and number ten on our year-end countdown. Designed by Foster + Partners and developed by Related Companies and Oxford Properties, the 58-story Midtown, Manhattan supertall is the largest office building in the complex by volume at 2.9 million square feet and occupies a full-block parcel bound by West 34th Street to the north, Tenth Avenue to the east, West 33rd Street to the south, and Hudson Boulevard to the west.

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Rendering of 41-47 West 57th Street by OMA

1,100-Foot Supertall at 41-47 West 57th Street Approved for Zoning Bonus in Midtown, Manhattan

At number 11 on our construction countdown is 41-47 West 57th Street, an 1,100-foot-tall mixed-use skyscraper on Billionaires’ Row in Midtown. Designed by OMA and developed by Sedesco, the 63-story, 443,000-square-foot tower will yield 119 residential units spread across 237,000 square feet, a 158-room hotel spanning 205,100 square feet on floors two through 20, and a 10,212-square-foot restaurant. The skyscraper will rise from a plot between Fifth and Sixth Avenues and will have frontage along both West 57th and West 58th Streets.

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Covenant House Completes Construction at 460 West 41st Street in Midtown West, Manhattan

Construction is complete on 460 West 41st Street, a 164-foot-tall mixed-use building in Midtown West. Designed by FXCollaborative and developed by Covenant House, the 80,290-square-foot structure is the first supportive housing development by the company in nearly 50 years and was made possible with help from Gotham Organization and Denham Wolf Real Estate Services. The site is located along the southern border of Hell’s Kitchen between Eighth and Ninth Avenues and West 40th and West 41st Streets, and is a short distance from the Port Authority Bus Terminal. The building will yield 60 residential units averaging approximately 884 square feet, as well as a 53,053-square-foot community facility. The project was last reported to cost $128 million.

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