Construction Update

Planned Skyscraper at 131-141 East 47th Street Appears Stalled, Likely Another Casualty Of Chinese Capital Outflow Restrictions in Midtown East, Manhattan

YIMBY’s recent reportage on a new wave of failed development sites has yet another likely addition. Renderings for the new look of 131-141 East 47th Street were revealed by YIMBY back in April of 2016, and since then, the site for the 49-story, 122-unit residential tower has been cleared of the previously extant structures. However, over two years post-demolition, work has appeared to come to a grinding halt, with no subsequent progress yet visible. The project is being developed by New Empire Real Estate, with SLCE Architects leading design, with the Chinese crackdown on capital outflows a likely explanation for the apparent pause in construction.

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Demolition Complete for ODA’s Tree-Topped Skyscraper at 75 Nassau Street in The Financial District

When YIMBY last visited the site of ODA‘s planned tree-topped skyscraper at 75 Nassau Street, the remaining buildings were still being demolished. Now, the lots for the 40-story tower are completely empty and cleaned up. Five buildings had to be razed to make way for the future 498-foot tall, 312,000 square foot structure, which promises to make a unique imprint on the Lower Manhattan skyline. Lexin Capital is the developer of the project, which appears to be stalled at the moment, with no progress since demolition currently visible.

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45 Park Place Nears Halfway Mark On Way To 667-Foot Pinnacle in Lower Manhattan

It has been several months since YIMBY last checked on 45 Park Place, a soon-to-be 45-story, 667-foot residential tower rising in the blocks just below Tribeca. Now, the building is nearing the halfway mark. It is already surpassing adjacent structures that have hidden ongoing progress since the project began to vertically take off this year. The site is being developed by Sharif el-Gamal’s Soho Properties, and will have a substantial presence on the changing skyline by the end of the decade.

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Work Nears Completion for 110 University Place in Greenwich Village

William Macklowe’s 23-story mixed-use project in Greenwich Village is nearing completion. 110 University Place, aka 21 East 12th Street, is nearly finished, with construction with work on the lower two-story podium still underway. The project is a 52-unit tower designed by SLCE Architects. CNY Group is in charge of the construction, and 110 University Place contains just under 108,000 square feet of space.

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222 East 44th Street Nearing Completion As Outdoor Plaza Takes Shape in Turtle Bay, Manhattan

Progress at 222 East 44th Street , aka the Summit, is quickly wrapping up. The landscaped courtyard and main entrance are both underway, with the finishing touches of stone materials and accompanying landscaping steadily being installed. The all-glass structure rises 556 feet above the Midtown neighborhood of Turtle Bay, totaling 43 floors. Handel Architects designed the building while Escobar Design is handling the interiors. BLDG Management is the developer and Douglas Elliman is in charge of leasing and marketing for the 355,600 square foot tower.

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