Construction Update

Work Remains Stalled on KPF-Designed Skyscraper at 3 West 29th Street in NoMad, Manhattan

At number five on our Turkey Week rundown of stalled and on-hold projects is 3 West 29th Street, a planned 34-story skyscraper in NoMad. Originally designed by Bjarke Ingels Group and developed by HFZ Capital Group, the 551-foot-tall structure, dubbed “29th & 5th,” was expected to yield 600,000 square feet of office space, but work shut down after HFZ defaulted on the project. Vanbarton Group purchased the development in the ensuing foreclosure sale and retained Kohn Pedersen Fox to redesign the building, but progress has yet to materialize. The through-block property is located between Fifth and Sixth Avenues adjacent to Marble Collegiate Church, and extends north to West 30th Street.

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540 West 21st Street Remains Stalled in Chelsea, Manhattan

The fourth entry on our Turkey Week rundown of stalled projects is 540 West 21st Street, a 20-story mixed-use building in Chelsea, Manhattan. Designed by Adamson Associates and originally developed by Casco Development Corp. under the 540 West 21st Street LLC, the 250-foot-tall structure was planned to yield 34 condominium units with an average scope of 3,370 square feet, as well as 43,510 square feet of commercial space. Suffolk Construction Company was the contractor for the project, which is located at the corner of West 21st Street and Eleventh Avenue, directly across from Hudson River Park.

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David Adjaye’s Affirmation Tower Remains on Hold at 418 Eleventh Avenue in Hudson Yards, Manhattan

The third entry in our Turkey Week rundown of stalled and on-hold construction projects in New York City is Affirmation Tower, a 1,663-foot mixed-use supertall at 418 Eleventh Avenue, just north of Related Companies‘ first phase of Hudson Yards. Designed by Sir David Adjaye of Adjaye Associates and developed in collaboration between Cheryl McKissack Daniel of McKissack & McKissack, The Peebles Corporation, Exact Capital Group, and the Witkoff Group, the 2-million-square-foot structure would easily wrest the title of tallest building in New York by roof height from Extell’s Central Park Tower, surpassing its parapet by more than 100 feet. The development’s 1.2-acre plot, dubbed “Site K,” was also the site selected for the long-stale Hudson Spire proposal, and is bound by West 36th Street to the north, West 35th Street to the south, Eleventh Avenue to the east, and Hudson Boulevard to the west.

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Seaport Residences Remains Indefinitely Stalled at 161 Maiden Lane in Financial District, Manhattan

Leading off our Turkey Week rundown of prominent stalled projects in New York City is Seaport Residences, a 60-story residential skyscraper at 161 Maiden Lane along the border of Lower Manhattan’s Financial District and the South Street Seaport District. Designed by Hill West Architects and developed by Fortis Property Group, the slender 670-foot-tall tower, originally dubbed One Seaport, was planned to span 200,000 square feet and yield 80 condominium units with interiors by Groves & Co. Ray Builders was the last general contractor to work on the beleaguered project, which stands on a narrow site bound by South Street and Maiden Lane, directly across from the FDR Drive and the East River.

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Three Hudson Boulevard Remains Stalled in Hudson Yards, Manhattan

Continuing our Turkey Week rundown of on-hold projects in New York City is Three Hudson Boulevard, a planned 56-story office skyscraper in the Hudson Yards district. Designed by FXCollaborative and developed by Boston Properties and The Moinian Group, the $3 billion project was planned to rise 940 feet tall and yield 1.86 million square feet of office space, but has been stalled since early 2020. The property occupies a full city block bound by West 35th Street to the north, West 34th Street to the south, Bella Abzug Park to the east, and Eleventh Avenue to the west.

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