Demolition is underway at 123-141 West 57th Street, the site of a forthcoming 26-story, 185,000-square-foot office tower along Billionaires’ Row in Midtown, Manhattan. The site is located between Sixth and Seventh Avenues, surrounded by Christian de Portzamparc’s One57 and SHoP Architects‘ 111 West 57th Street. It was recently reported that Alchemy Properties and ABR Partners closed a $120 million deal to purchase the property, which was owned by Calvary Baptist Church and includes the adjacent 16-story, 153-foot-tall Salisbury Hotel. ABR Partner’s equity partner, Cain International, had brought on Security Benefit Life as the new lender. The total construction cost for the project is estimated to be roughly $350 million.
Permits have been filed for a 28-story residential building at 126 East 57th Street on Billionaires’ Row in Midtown East, Manhattan. Located between Park and Lexington Avenues, the lot is two blocks south of the 59 Street-Lexington Avenue subway station, serviced by the 4,5, 6, N, R, and W trains. MRR Development is listed as the owner behind the applications.
Full demolition permits have been filed for 35 West 57th Street in Midtown, Manhattan. Located between Fifth and Sixth Avenues along Billionaires’ Row, the 2,510-square-foot site is occupied by a five-story mixed-use building. Built in 1891, the mansion with Beaux Arts details was a wedding gift to the granddaughter of William Vanderbilt. The 65-foot-tall structure is currently owned by Solow Realty and Development.
Alchemy-ABR Investment Partners and Cain International are working in collaboration to complete a new 26-story office tower at 125 West 57th Street. Designed by FXCollaborative, the building will stand 420 feet above ground and comprise approximately 260,000 square feet.
OMA released a new preliminary rendering of 41-47 West 57th Street, which YIMBY reported on last week when it was heard that the planned mixed-use 1,100-foot-high supertall would rise along Billionaires’ Row over West 57th Street over the next several years. Crain’s reported that Sedesco will also offer to bring in a pair of new ADA-accessible elevators to the nearby 57th Street station on Sixth Avenue in exchange for an additional 52,000 square feet of space for the potential 443,100-square-foot Midtown, Manhattan project. 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. 41-47 West 57th Street is located between Fifth and Sixth Avenues and will include ground-floor frontage on both West 57th and 58th Streets.