The progress across Billionaire’s Row has been significant in recent months. Today, YIMBY has an update on Midtown’s new terracotta masterpiece, for which sales are starting, and the latest photographs show that construction has officially reached supertall heights. JDS Development and Property Markets Group are behind the project.
While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.
For the second day of 2018’s Skyline Week, YIMBY has photos from the top of 53 West 53rd Street, aka 53W53, which has been talked about for longer than any other skyscraper currently under construction in New York City. The supertall has been eleven years and a controversial 200-foot height reduction in the making. The tower will yield condominiums, galleries, and a restaurant, and its kinetic dark façade matches the vibrant energy of the Midtown streets below, with crisscrossing diagrid lines careening from the base up toward the spearheaded peak. The structure is on its way to a 1,050-foot pinnacle, which will handily pierce the surrounding plateau of 700 to 800-foot rooftops.
Central Park Tower is finally starting to stick out in Manhattan’s skyline. The building, located at 217 West 57th Street, has been obscured up until now by its immediate neighbor and the near-supertall tower, 220 Central Park South. Most significant to this update is CPT is finally reaching supertall status, i.e. 984 feet (300m) above ground. Extell Development Company and the Shanghai Municipal Investment Group are behind the project.
The development saga continues on a hotly contested segment of West 57th Street located just south of Central Park, between 5th and 6th Avenues. Solow Management Corp has filed fresh permits for 12 West 57th Street, revealing a new 52-story mixed-use skyscraper with a proposed height of 672 feet.