The blocks of NoMad and its immediate surrounds remain incredibly active in terms of new development, and the wave of construction sweeping Fifth Avenue is about to yield yet another skyscraper. Today, YIMBY has an exclusive first look at what’s in store for 316 Fifth Avenue, in Koreatown, where developer Cottonwood Management is planning a 539-foot-tall tower designed by Kohn Pedersen Fox.
Kohn Pedersen Fox
Speculations for the topping out of the 73-story 30 Hudson Yards have been swirling for the last couple months, and now the fateful day has finally arrived. Yesterday morning, YIMBY received confirmation that the tallest building of the Hudson Yards mega-development has finally reached its pinnacle, with an American flag rising above the building’s parapet. While some steel remains to be installed before the crown is fully complete, the significance of this is akin to the topping of the spire of a cathedral. In this case, it is a monument to the capitalistic ideals that fuel the contemporary American economy.
Right across from the iconic Grand Central terminal in Midtown, construction is moving along for the commercial supertall One Vanderbilt. Our last update in March showed that the building had reached two floors above the distinctive retail podium. We can report that the structure has more than doubled in height over the past three months, now standing 17 floors above street level. The building will eventually top off 1,401 feet above street level, and SL Green is developing.
Construction at Extell’s 138 Willoughby, aka Brooklyn Point, is moving along quickly, with concrete now at the tenth floor. Once opened, the skyscraper will complete the City Point mega-development in Downtown Brooklyn. The mixed-use multi-building expansion has already produced two residential towers and a 600,000 square foot retail space with a food market, grocery store, event space, and movie theater.
It’s been over five years since groundbreaking occurred for the Hudson Yards mega-development. Today, phase one appears all but complete, and is increasingly hard to miss on the overall Manhattan skyline. Stretching over 26 acres and costing $25 billion, the full site will become the largest planned development in the country’s history.