Construction is complete on 460 West 41st Street, a 164-foot-tall mixed-use building in Midtown West. Designed by FXCollaborative and developed by Covenant House, the 80,290-square-foot structure is the first supportive housing development by the company in nearly 50 years and was made possible with help from Gotham Organization and Denham Wolf Real Estate Services. The site is located along the southern border of Hell’s Kitchen between Eighth and Ninth Avenues and West 40th and West 41st Streets, and is a short distance from the Port Authority Bus Terminal. The building will yield 60 residential units averaging approximately 884 square feet, as well as a 53,053-square-foot community facility. The project was last reported to cost $128 million.
At number 12 on our construction countdown is 520 Fifth Avenue, a proposed 995-foot-tall mixed-use skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina Properties, who took over as the lead developer in 2019 from Ceruzzi Properties and SMI USA, the 507,608-square-foot structure will yield 98 residential units, commercial space, and four cellar levels. Permit applications that were filed in the beginning of 2021 for the project, which is located at the corner of Fifth Avenue and West 43rd Street.
Construction is complete on The Graydon Chelsea, a 16-story residential building at 128 West 23rd Street in Chelsea. Designed by Kutnicki Bernstein Architects and developed by Valyrian Capital and Pan Brothers, the 40,230-square-foot structure yields 30 units averaging 1,200 square feet apiece, as well as retail space on the ground floor and cellar level. The property is located between Sixth and Seventh Avenues.
Construction has topped out on Two Manhattan West, a 935-foot-tall commercial skyscraper in Midtown West and number 13 on our year-end countdown. Designed by Skidmore Owings & Merrill and developed by Brookfield, the 58-story tower will yield 2 million square feet of office space directly to the south of its 996-foot-tall fraternal twin, One Manhattan West. AECOM Tishman is the general contractor for the project, which is aiming for LEED Gold Certification and is located at the corner of West 31st Street and Ninth Avenue.
The final touches are underway on 425 Park Avenue, an 897-foot-tall commercial skyscraper in Midtown East and number 14 on our year-end countdown. Designed by Norman Foster of Foster + Partners for L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 47-story building yields around 667,000 square of office space, as well as a ground-floor restaurant run by world-renowned Chef Daniel Humm, proprietor of the Three Michelin-starred Eleven Madison Park. Tishman Construction is the general contractor of the Midtown, Manhattan property, which is bound by Park Avenue to the west, East 55th Street to the south, and East 56th Street to the north. The structure is expected to achieve LEED Gold certification and debut as New York City’s first WELL-certified building.