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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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222 East 44th Street Nearing Completion As Outdoor Plaza Takes Shape in Turtle Bay, Manhattan

Progress at 222 East 44th Street , aka the Summit, is quickly wrapping up. The landscaped courtyard and main entrance are both underway, with the finishing touches of stone materials and accompanying landscaping steadily being installed. The all-glass structure rises 556 feet above the Midtown neighborhood of Turtle Bay, totaling 43 floors. Handel Architects designed the building while Escobar Design is handling the interiors. BLDG Management is the developer and Douglas Elliman is in charge of leasing and marketing for the 355,600 square foot tower.

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