Silverstein

514 Eleventh Avenue

Silverstein Puts Development Site At 514 Eleventh Avenue On The Market, Midtown West

6:00 am on October 20, 2015 By Reid Wilson

Over the summer, Silverstein Properties began demolishing the low-rise commercial building at 520 West 41st Street/514 Eleventh Avenue, in Midtown West, to make way for a 1,400-unit mixed-use development. Now, the developer has tasked CBRE to market and sell the property, which could potentially be worth close to $500 million, according to Crain’s. The project is currently being processed through ULURP, as a rezoning is required, and Silverstein eventually agreed to allot 375,000 square feet for affordable housing. YIMBY revealed the original proposal in July of 2014.

Demolition of old Mercedes dealership

Demolition Update: 520 West 41st Street, Silverstein’s Future West Side Supertall

8:00 am on August 26, 2015 By Nikolai Fedak

The old Mercedes dealership at 520 West 41st Street and Eleventh Avenue is meeting a quick demise, paving the way for Silverstein Properties to begin preparation work for their future mixed-use development. While the project must still pass through ULURP, YIMBY revealed preliminary renderings last June, showing a 1,400-unit tower rising above a significant retail podium. Now we have a few overhead shots of demolition progress taken from the nearly-completed Skye, just a few hundred feet to the northwest.

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1 West End Avenue

42-Story, 362-Unit Mixed-Use Tower Rising At 1 West End Avenue, Lincoln Square

6:30 am on August 14, 2015 By Reid Wilson

Late last year, YIMBY revealed renderings of Silverstein Properties’ and Elad Group’s 42-story, 362-unit mixed-use building being developed at 1 West End Avenue, in Lincoln Square, and now the building is four stories above street level, courtesy of Tectonic, per Curbed. The building will feature retail space on the ground floor and a portion of the basement level, followed by 116 below-market rate apartments on the second through seventh floors. Up top, there will be 246 condominiums, with the first renderings surfacing for those back in June.

Two World Trade Center, image from Silverstein Properties

Three World Trade Center Gets Height Cut, Will Stand 1,079 Feet Tall

8:00 am on August 12, 2015 By Nikolai Fedak

Last week, YIMBY posted an update on construction at 175 Greenwich Street, aka Three World Trade Center, as the tower reached its halfway point, having risen 41/80 stories. Now we have new information that the building has in fact seen a height reduction from the previous version, dropping from 1,168 feet down to 1,079 feet, and we also have two new renderings of the podium.

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520 West 41st Street

Demolition Begins At 520 West 41st Street, Site Of 106-Story Mixed-Use Tower, Midtown West

6:00 am on July 16, 2015 By Reid Wilson

Earlier this year, Silverstein Properties paid roughy $100 million for a car dealership at 520 West 41st Street, aka 514 Eleventh Avenue, in Midtown West. Last summer, YIMBY revealed plans for an 106-story, 1,400-unit mixed-use tower at the site (currently traversing ULURP). Although the proposed 1.685 million square-foot building has yet to be approved, Curbed reports demolition of the existing low-rise commercial building has begun.

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