At number three on our December countdown of the tallest buildings underway in New York is 570 Fifth Avenue, a potential 1,101-foot supertall in Midtown, Manhattan. Developed by Extell, the skyscraper could rise 78 stories and span 1.4 million square feet with hotel and condominium components. Alternately, the plot could give rise to an 860-foot-tall, 47-story office tower yielding more than 1.5 million square feet. ALBA Services is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 46th Street.
Newmark has arranged a $535.8 million loan to support a 22-story office-to-residential conversion project at 25 Water Street in Manhattan’s Financial District. The joint venture behind the project includes GFP Real Estate, Metro Loft Management, and Rockwood Capital.
The affordable housing lottery has launched for 60 Fulton Street, a 23-story mixed-use building at 54-56 Fulton Street in Manhattan’s Financial District. Designed by Hill West Architects and developed by Parkland Group and Socius Development Group, the structure yields 120 residences. Available on NYC Housing Connect is a waiting list to fill four current and ongoing vacancies for the 30 affordable units allotted to residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,378 to $187,330.
Permits have been filed for a six-story mixed-use building at 195 East 163rd Street in Concourse, The Bronx. Located at the intersection of East 163rd Street and Sheridan Avenue, the corner lot is a short walk south of the 167th Street subway station, serviced by the B and D trains. Yoel Brody is listed as the owner behind the applications.
The fourth-tallest building on our year-end countdown is 41-47 West 57th Street, a proposed 1,100-foot mixed-use supertall along Billionaires’ Row in Midtown. Designed by OMA and developed by Sedesco, the 63-story skyscraper will yield 119 condominium units spread across 237,000 square feet, a 158-room hotel spanning 205,100 square feet on floors two through 20, and a 10,212-square-foot restaurant. The tower is set to rise from an interior plot between Fifth and Sixth Avenues with frontage along both West 57th and West 58th Streets.