Savanna Fund

Long-Awaited Office Tower at 106 West 56th Street Finally Tops Out, in Midtown

Construction at 106 West 56th Street has recently topped out at 27 stories. The Perkins Eastman-designed office building stands 403 feet tall and is being developed by private equity firm Savanna Fund, along with Hong Kong-based developer Atom Assets. The steel superstructure and its gentle setbacks should soon see the first glass curtain wall panels installed in the coming weeks. The site is located just one block south of 57th Street, aka Billionaires’ Row.

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106 West 56th Street’s Setbacks Begin Taking Shape, in Midtown

Construction at 106 West 56th Street is ascending quickly. The multiple setbacks of the building’s northern elevation are beginning to take shape as the steel climbs toward its 403-foot planned height. The 27-story office tower is being designed by Perkins Eastman and developed by private equity firm Savanna Fund, along with Hong Kong-based developer Atom Assets. The site is located between Sixth Avenue and Seventh Avenue, just one block south of 57th Street, aka Billionaires’ Row. The closest subway is the F train at the 57 Street station on Sixth Avenue, while the N, Q, R, and W trains are to the west on Seventh Avenue and West 57th Street.

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540 West 26th Street

Excavation Imminent At 540 West 26th Street, Nine-Story Commercial Building In West Chelsea

In August of 2014, YIMBY revealed renderings of Savanna Fund’s planned nine-story, 166,525 square-foot commercial building at 540 West 26th Street, in West Chelsea, and now the developer has secured $115 million in construction financing from Deutsche Bank, according to Commercial Observer. The building is expected to include a variety of tenants, and Avenues: The World School has already committed to leasing 85,421 square feet. Demolition of the old two-story building is complete, and excavation is expected to begin in October, with completion slated for 2017. Morris Adjmi Architects is designing.


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