At number one on our year-end countdown is Skidmore Owings & Merrill‘s mixed-use supertall at 175 Park Avenue in Midtown East, which earlier this month gained approval from the New York City Council. Developed by RXR Realty and TF Cornerstone, the 85-story tower has been reduced in height from 1,642 to 1,575 feet, still enough to surpass Central Park Tower for the title of tallest building in New York by roof height. 175 Park Avenue will eventually rise from the site of the Grand Hyatt hotel between the 108-year-old Beaux Arts Grand Central Terminal and the 91-year-old Art Deco Chrysler Building. The structure will yield 2.1 million square feet of Class A office space; 500 Hyatt hotel rooms on the upper floors spanning 453,000 square feet; 10,000 square feet of retail space on the ground, cellar, and second levels; and an elevated, 25,000-square-foot publicly accessible plaza space populated with artwork and views overlooking the surrounding Midtown streets.
The Howard Hughes Corporation has received necessary approvals to construct a new 26-story mixed use development at 250 Water Street in South Street Seaport, Manhattan. Designed by Skidmore, Owings & Merrill (SOM), the tower will comprise a mix of market-rate and affordable rental apartments, an office component, retail space, and community facilities.
Permits have been filed for an 18-story mixed-use building with affordable housing at 89 Maspeth Avenue in East Williamsburg, Brooklyn. Located between Olive Street and Bushwick Avenue, the lot is near the Graham Avenue subway station, serviced by the L train. Sarah Gilliland under the Maspeth Manager LLC is listed as the owner behind the applications.
Permits have been filed for a seven-story mixed-use building at 98-14 66th Avenue in Rego Park, Queens. Located between 99th Street and Queens Boulevard, the triangular lot is closest to the 67th Avenue subway station, serviced by the E, M, and R trains. RJ Capital Holdings is listed as the owner behind the applications.
Work is wrapping up on Central Park Tower, a 1,550-foot residential supertall in Midtown and number two on our year-end countdown. Addressed as 217 West 57th Street, the 131-story tower is designed by Adrian Smith + Gordon Gill and developed by Extell and stands as the tallest residential building in the world and the tallest structure in New York by roof height. The property yields 179 condominiums marketed by Corcoran Sunshine above a Nordstrom retail podium bound by West 57th and West 58th Streets and Broadway and Seventh Avenue.