Midtown


Site Work Commences for Bjarke Ingels-Designed “29th & 5th” at 3 West 29th Street in NoMad, Manhattan

Known simply as “29th & 5th,” the site for BIG’s proposed NoMad skyscraper is located at 3 West 29th Street, several blocks south of the Empire State Building, in Midtown Manhattan. The future office tower will eventually rise 34 stories and 551 feet tall, making it stand out amongst the local vicinity. Covering 300,000 square feet, it incorporates a mix of a glass curtain wall on the eastern facade with staggered open terraces for workers to step out and see the views of the skyline. HFZ Capital Group is the developer of the upcoming project.

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Planned Skyscraper at 131-141 East 47th Street Appears Stalled, Likely Another Casualty Of Chinese Capital Outflow Restrictions in Midtown East, Manhattan

YIMBY’s recent reportage on a new wave of failed development sites has yet another likely addition. Renderings for the new look of 131-141 East 47th Street were revealed by YIMBY back in April of 2016, and since then, the site for the 49-story, 122-unit residential tower has been cleared of the previously extant structures. However, over two years post-demolition, work has appeared to come to a grinding halt, with no subsequent progress yet visible. The project is being developed by New Empire Real Estate, with SLCE Architects leading design, with the Chinese crackdown on capital outflows a likely explanation for the apparent pause in construction.

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118 East 59th Street Appears to Be Manhattan’s First Major Casualty of Chinese Capital Crackdown, in Midtown East

The last update YIMBY had for 118 East 59th Street was back in July of 2015, when the SCDA Architects-designed tower launched its promotional website and renderings. Now, the Midtown East site has been cleared of the previous buildings that once stood, and is a partially excavated open pit, replete with its own lake and new surrounding greenery. Permits were filed for the 470-foot, 38-story residential tower back in September 2014. SLCE Architects is the architect of record, while SCDA is designing both the exterior and the interiors of the 29 residential units that were expected to span around 2,400 square feet each. The developer of the project is Hong Kong-based Euro Properties, however, given the site’s current condition three years after groundbreaking was anticipated, current plans may be scuttled.

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