Midtown

224 West 57th Street

10-Story Office Building Across From Nordstrom Tower Acquired for $213.8 Million

Eretz Group has acquired the 10-story, 170,000 square-foot office and retail building at 224 West 57th Street — across from Extell’s planned Nordstrom Tower, in Midtown — for $213.8 million. The building is landmarked, and after being acquired for $85 million in 2010, it underwent a $50 million renovation designed by Tirmizi Campbell. Per The Real Deal, the non-profit Open Society Foundations currently leases a majority of the building.

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53 West 53rd Street

MoMA Tower at 53 West 53rd Street Gets New Renderings, Construction Imminent

Bloomberg Business published new renderings of the 82-story, 1,050-foot, and 139-unit ultra-luxury residential tower at 53 West 53rd Street, in Midtown. Dubbed 53W53, the Jean Nouvel-designed supertall’s duplex penthouse is listed for $70 million, and Hines is developing. MoMA is taking multiple floors close to street level, and funding secured, the tower is expected to be finished in November of 2018; YIMBY captured excavation work beginning in March, and vertical construction is imminent.

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527 West 27th Street

Revealed: 527 West 27th Street, Isay Weinfeld’s Jardim, West Chelsea

Centaur Properties and Greyscale Development Group have acquired $115 million in construction funding to develop an 11-story, two-building residential and retail property with 36 units at 527 West 27th Street, in West Chelsea, per The Real Deal. YIMBY revealed diagrams in January, and Isay Weinfeld is designing the project, which is dubbed Jardim. Excavation has kicked-off, and completion is slated for the fall of 2016.

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117 West 21st Street

12-Story Luxury Residential Project Revealed At 117 West 21st Street, Chelsea

Curbed has the reveal for The Amirian Group’s planned 12-story, nine-unit residential building at 117 West 21st Street, in eastern Chelsea. The site is currently occupied by a four-story commercial structure, but the developer plans to expand upon the existing building rather than demolish it. GRADE Architecture is designing, and the developer acquired the site for $28.5 million in March.

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