Earlier this week, news broke that Savanna and Hong Kong-based Atom Assets were planning a 26-story, 90,000 square-foot office building at 106 West 56th Street, in Midtown, and now Real Estate Weekly has a rendering of the project. As reported earlier, the new building will feature boutique office space geared towards smaller business tenants. The Perkins Eastman-designed project will feature multiple terraced setbacks and floor plates of varying sizes, ranging from 5,000 square feet on the lower levels to 2,000 square feet towards the top. The developers received an acquisition loan from United Overseas Bank to purchase the existing nine-story office building. Demolition will begin in early 2017 and completion is expected in 2019.
Savanna and Hong Kong-based Atom Assets have acquired the nine-story, 36,000 square-foot building at 106 West 56th Street, in Midtown between Sixth and Seventh avenues, for an undisclosed amount. Crain’s reports the developers are planning to build a 26-story, 90,000 square-foot boutique office building. Zoning allows for the project to have up to 75,315 square feet of commercial space, and the building’s office floors will range from 5,000 to 2,000 square feet each. Perkins Eastman will be responsible for the design. The property’s current tenant has a year to vacate from the site, although demolition permits were already filed this past January to raze the building. Completion is tentatively expected in 2019.
The year 2015 marked the near-complete demolition of Times Square’s second oldest structure. The Columbia Amusement Co. Building, which opened at Times Square’s northeast corner on West 47th Street in January 1910. 701 7th Avenue was known by a variety of names during its century-long life span. Like the slightly older yet much more famous One Times Square at the opposite end of the square, the building engaged in the neighborhood’s classic disappearing act, where giant billboards seen by millions made their renovation-scarred hosts all but invisible. But behind the ads, standing on a 16,000-square-foot lot, was a building with a history as dramatic and diverse as that of the famous square on which it stood.
Last week, YIMBY brought you a sneak peak of the glassy façade that will eventually be installed on Extell Development’s 95-story, 1,550-foot-tall condominium tower (officially Central Park Tower), currently under construction at 217 West 57th Street in Midtown. The supertall will boast Nordstrom’s first Manhattan flagship store, and now the Seattle Times has revealed official renderings of the building’s retail podium. The Seattle-based department store will span 363,000 square feet across eight stories (three below grade) in the development.
Back in October, the Landmarks Preservation Commission heard a proposal that would remake a good chunk of West 29th Street between Broadway and Fifth Avenue. It would include restoring two landmarks and construction of a 64-story mixed-use tower. The hearing in October was paused because of the late hour and lack of quorum, and when it resumed on Tuesday, it became clear that one aspect of it was the big stumbling block.