With the soon-to-be 777-foot-tall 45 East 22nd Street now climbing quickly into the Flatiron District’s skyline, YIMBY sat down with developer Bruce Eichner to discuss the building’s progress, the surrounding neighborhood’s rapid evolution, as well as what else might be on the horizon for Continuum. YIMBY in bold.
Back in April of 2014, YIMBY reported on the first new building applications for the development site at 55 West 17th Street. And now, we have the first renderings for the project, which is being designed by Morris Adjmi Architects, and developed by Toll Brothers City Living.
In October 2014, YIMBY reported on permits filed for a 16-story, 16-unit condominium building at 10 West 17th Street, in the Flatiron District, and then the LPC approved the plans the following December. Now Bhatia Development and Sherwood Equities have landed $48 million in financing from CIT, according to Commercial Observer. An existing three-story building must first be demolished, but construction is expected to begun early in 2016 for a mid-2017 completion. Beyer Blinder Belle is designing.
The new condominium project under construction at 45 East 22nd Street is already making significant headway, and YIMBY posted an update of the tower’s progress only a few weeks ago. But a tipster has sent along a photo of new signage that has just gone up along the construction fencing, and we also have a fresh rendering of what the 777-foot tall building will look like, viewed with its neighbors along Madison Square Park.
Friedland Properties has landed a $182 million mortgage to finance their planned 14-story, 239-unit mixed-use building at 7 West 21st Street, a vacant, thru-block property in the Flatiron District. A number of units will be affordable, and 8,210 square feet of retail is planned on the ground floor. Morris Adjmi Architects is designing, and the project was approved by the LPC in 2013.