Below-grade work is progressing at 241 West 28th Street, a 22-story, 479-unit residential project in Chelsea. Designed by COOKFOX for MAG Partners, Atalaya, Safanad, and Qualitas, the two-tower development recently acquired $173 million in construction financing arranged by Maverick Commercial Properties. MAG Partners acquired the Midtown, Manhattan property in December 2018 and established a 99-year ground lease with Edison Properties. 241 West 28th Street is located between Seventh and Eighth Avenues and will have 30 percent of residential units reserved for low- and middle-income households. Urban Atelier Group is the general contractor.
It looks like Billionaires’ Row is about to get another supertall in the near future. Plans for a mixed-use 1,100-foot-tall tower at 41-47 West 57th Street have been spotted according to the New York DOB, where the applicant, BOB 57, LLC., proposes a 63-story supertall with just under 443,100 square feet of newly built space. About 237,100 square feet will be devoted toward residential usage with 119 units, while nearly 205,100 square feet of commercial space will make room for a 158-room hotel and a 10,212-square-foot restaurant. The Midtown, Manhattan site is located between Fifth and Sixth Avenues and has frontage along both West 57th and West 58th Streets. This would be the tallest structure between SHoP Architects‘ 111 West 57th Street and Rafael Vinoly‘s 432 Park Avenue.
A new rendering has been released for 3 Sutton Place, a 847-foot-tall residential skyscraper under construction at 430 East 58th Street in Midtown East. Spotted on architect Thomas Juul-Hansen‘s Instagram page, the rendering shows the 62-story tower illuminated at night from the East River. The project is being developed by Gamma Real Estate with Stephen B. Jacobs Group as the executive architect and will yield 121 units. The property is located between Sutton Place and First Avenue, a short walk from the Sutton Place Park North esplanade that overlooks the East River, Roosevelt Island, Long Island City, and the Queensboro Bridge.
Construction is getting closer to completion on Madison House, an 805-foot-tall residential skyscraper at 126 Madison Avenue and the tallest structure in the Midtown district of NoMad. Alternately addressed as 15 East 30th Street, the slender 62-story tower is designed by Handel Architects and developed by Fosun Group and JD Carlisle and will yield 199 condominiums with sales and marketing led by Douglas Elliman Development Marketing, as well as 7,500 square feet of ground-floor retail space. The property is located along Madison Avenue between East 30th and 31st Streets.
Demolition is underway at 308 West 43rd Street, the site of a two-building residential project in Midtown, Manhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot development will rise directly to the north of Port Authority Bus Terminal and will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space.