Construction is nearly complete for the 62-story mixed-use tower named “ARO” at 242 West 53rd Street, in Midtown, Manhattan. A plethora of transit options are located near the site. The A, B, C, D, E, F, N, Q, R, W, and 1 trains can all be found within seven blocks distance. Algin Management is responsible for the development.
The world’s current tallest residential tower, 432 Park Avenue, has broken a record. Total sales of its condominiums have now surpassed $2 billion, and co-developers CIM Group and Macklowe Properties have made the announcement that their Midtown project has now achieved the all-time record for all of New York City. This news leaves the developers just $1.1 billion dollars shy of their expected total $3.1 billion sell-out.
Construction is moving along at One Vanderbilt in Midtown, with work on the lower floors now rising past the cantilever. Thanks to images by Tectonic, we can see the tower has reached its maximum width. It is now nearly the same height as Grand Central Terminal, which peaks at 130 feet. Several companies have recently signed on for space, with Greenberg Traurig announcing plans to move their center of New York Operations into the supertall, acquiring a fifteen-year lease for four continuous floors.
Renderings are out for a complete redesign of 609 Fifth Avenue, a large retail space on one of the busiest street corners in the country, in Midtown Manhattan. The modern façade will bring floor-to-ceiling windows to the base of the limestone structure.
It was only back in October that YIMBY reported on 53 West 53rd Street’s surpassing its 50th floor. Now, the supertall residential tower designed by Jean Nouvel is just about to top-out, with an estimate that formwork should be complete by early March, as the last concrete is poured above the 1,000-foot mark for the iconic skyscraper.