A seven-story hotel on West 42nd Street between 10th and 11th avenues may bite the dust for a 39-story apartment building. The latest West Side megatower is planned for 507 West 42nd Street, a couple blocks north of the Lincoln Tunnel approach.
The 443-foot-tall building would hold 277,019 square feet of residential space and 4,328 square feet of retail, according to plans filed with the Department of Buildings today. There would be 350 apartments—10 per floor—and the average unit would clock in at a rental-sized 790 square feet.
As we’d expect from a luxury rental building, the development will have a slew of amenities, including a first-floor lounge with a kitchen, tenant storage, and backyard garden, plus a “sky lounge,” game room, shared terrace, and another lounge with a kitchen on the 38th floor.
BD Hotels, headed by Richard Born and Ira Drukier, is developing the project. The firm recently purchased a stake in the Hotel Chelsea, according to the The Real Deal. They also control 24 properties and several boutique hotels throughout Manhattan and Brooklyn, including the Ludlow off East Houston Street, the Bowery Hotel near Cooper Square, and the Jane Hotel in the West Village.
Handel Architects applied for the permits.
If these plans for 507 West 42nd Street become a reality, the tower will join the ranks of other large, glassy high rises on the Far West Side. Related Companies finished the 63-story MiMA rental tower down the block in 2012, and Kuafu Properties and Shanghai Construction Group recently announced plans to convert the top 13 floors to condos. At the corner of 42nd and 11th Avenue, Moinian Group is almost finished with Sky, a 60-story rental tower that’s one of the city’s largest residential buildings. And right across the street, the bland, twin facades of the Recession-era Silver Towers reach 60 stories into the air and hold 1,357 apartments.
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New permits of the project next one, so bite the dust and cut the old building for 39-story.