A proposed “boutique” office tower at 106 West 56th Street has begun excavation, where private equity firm Savanna Fund, along with Hong Kong based developer Atom Assets, plan to construct a 26-story tower. The site is located between 6th and 7th Avenues, just south of Billionaire’s Row.
The Foster + Parters design for 425 Park Avenue’s revamp is making major progress. The Midtown office building will be aesthetically divided into three sections, with proportions defined by the remains of the formerly extant structure, which comprise its lowest floors. Thanks to Tectonic, we can confirm that the new tower is now making the transition from its second section into the final, vertical rise. Construction has 22 floors left until topping-out, or just over half of the 41 total floors that will result.
Global media brand Discovery, Inc. will relocate its US headquarters to New York City’s 230 Park Avenue South. TF Cornerstone facilitated the deal and owns the building, with the headquarters taking over 360,000 square feet of Class A office space.
For the second time this week, we can report that a supertall in Manhattan is reaching its peak. One Manhattan West’s concrete superstructure has topped-out 995 feet above Midtown. Brookfield is behind Manhattan West, which will create six buildings and a large public plaza, producing a total seven million square feet of office, residential, and hotel space.
The prominence of the Hudson Yards district continues to grow, and today, Tishman Speyer has announced the official start of construction for The Spiral. The 1,031-foot tall building will be the fifth supertall added to the area. An event to mark the occasion will be held this afternoon, and will conclude with the planting of a 20-foot Alaskan Cedar tree to serve as Hudson Boulevard & Park’s annual Christmas tree.
