Construction of the concrete core appears to have topped out at 50 Hudson Yards, a 1,011-foot-tall commercial supertall in Hudson Yards and number eight on our countdown of the tallest buildings in progress in the New York metropolitan area. Designed by Norman Foster of Foster + Partners and developed by Related Companies with Oxford Properties, the 58-story skyscraper will yield 2.9 million square feet of office space, making it the largest building by volume in the first phase of the Hudson Yards master plan.
Construction is now fully complete on 220 Central Park South, a 950-foot-tall residential skyscraper in Midtown and number nine on our annual end-of-year countdown. The 67-story, $1.4 billion tower is designed by Robert A. M. Stern Architects and developed by Vornado Realty Trust, which is projecting a $3.4 billion sellout and has already closed on 118 condominium units. SLCE Architects is the executive architect and Thierry W. Despont is the interior designer of the homes, which span around 593,000 square feet. The site is nestled between Seventh Avenue and Columbus Circle.
Construction is rising steadily at Two Manhattan West, a 935-foot-tall commercial skyscraper in Midtown West and number ten on our countdown of the tallest projects under construction in New York. Designed by Skidmore Owings & Merrill and developed by Brookfield, the 58-story structure is rising directly to the south of the completed One Manhattan West, its 996-foot-tall fraternal twin. Two Manhattan West is rising at the corner of West 31st Street and Ninth Avenue and will feature the same architectural design like its northern sibling with yield 2 million square feet of office space at an expected cost of $2 billion.
Excavation is underway at 141 East 47th Street, the site of a 35-story residential tower in Midtown East. The 183,310-square-foot project is designed by Ismael Leyva Architects and developed by Silverback Development. The latter was brought on by Hopson Development Holdings, which purchased the parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Located between Park Avenue and Lexington Avenue, the development is set to yield 200 units and cost $250 million.
Last week, private equity real estate fund manager Red Stone Equity Partners celebrated the closing of financing for Balton Commons, a $19-million mixed-use development currently under construction at 267 West 126th Street in Harlem, Manhattan. Developed in partnership with Lemor Development Group and Apex Building Group, the seven-story building will have 4,500 square feet of tech incubator space managed by non-profit Silicon Harlem, 1,200 square feet of ground-floor commercial space, 1,350 square feet of community facility space, and 37 residential units dedicated to mixed-income affordable housing for residents between 30 and 90 percent of the area median income.