Midtown

550 West 29th Street

Permits Approved for 550 West 29th Street, West Chelsea Mixed-Use Project

Earlier this year, developer and architect Cary Tamarkin filed applications for a 12-story, 32-unit mixed-use building at 550 West 29th Street, in West Chelsea. Now, a tipster has informed YIMBY that the project is making significant strides, and building permits have been granted. Highline Development Group is the property owner, and CORE will eventually be handling sales. According to filings with the DOB, the building will measure 55,368 square feet, and will include a 5,065 square-foot retail component on the ground floor. Above, residences will average 1,572 square feet apiece. Demolition of the site’s former occupant was completed over the summer.

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514 Eleventh Avenue

Silverstein Puts Development Site At 514 Eleventh Avenue On The Market, Midtown West

Over the summer, Silverstein Properties began demolishing the low-rise commercial building at 520 West 41st Street/514 Eleventh Avenue, in Midtown West, to make way for a 1,400-unit mixed-use development. Now, the developer has tasked CBRE to market and sell the property, which could potentially be worth close to $500 million, according to Crain’s. The project is currently being processed through ULURP, as a rezoning is required, and Silverstein eventually agreed to allot 375,000 square feet for affordable housing. YIMBY revealed the original proposal in July of 2014.

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143 East 60th Street

Developer Acquires Assemblage At 143 East 60th Street, Plans Residential Tower With Retail, Midtown East

Back in June, Kuafu Properties was in contract to purchase the assemblage spanning 143-161 East 60th Street, on the northern edge of Midtown East, and now the Chinese developer has closed on the acquisition, according to Commercial Observer. The site has a nearly 20,000 square-foot footprint, and roughly 280,000 square feet of development potential. Kuafu plans to build a luxury residential tower with a large retail base, although the existing six low-rise buildings must first be demolished.

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15 Hudson Yards

Foundation Work Underway At 70-Story, 365-Unit 15 Hudson Yards Tower

Back in July, YIMBY provided you a construction update on 15 Hudson Yards, Related Companies’ 70-story, 960,000 square-foot mixed-use tower planned at Hudson Yards, in Midtown West. Foundation work is now well underway, and rebar as well as the first steel columns can been seen protruding from concrete. The building will include 365 residential units, which will be a mix of rentals and condominiums. The Culture Shed will extend horizontally east from the tower’s base. Diller Scofidio + Renfro and the Rockwell Group are designing, and completion is slated for 2018.

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