When it comes to building big, The Moinian Group is one of New York City’s most notable developers. With Sky now the largest residential building in the Five Boroughs, YIMBY sat down with the firm’s CEO, Joseph Moinian, to discuss their recent work, what’s coming next, and whether the cavern under 41st Street and 11th Avenue will ever yield a subway station, as was originally intended. YIMBY in bold.
With 175 Greenwich Street nearing its opening day and 200 Greenwich Street hopefully expected to begin construction within the next few years, most of the World Trade Center’s rebuilding is nearing completion. But one major hole in Downtown’s fabric still remains, at the site of the former Deutsche Bank Building. Plans for a pot-bellied skyscraper had been proposed around the time of the tower’s demolition, but in the years since, the plot had seemingly been forgotten, and is currently covered in asphalt. Today, YIMBY has a major update on the site, thanks to zombified plans from Chinese developer Dalian Wanda Group, which would yield a new residential and hotel supertall designed by Kohn Pedersen Fox.
The Park Avenue corridor north of Grand Central is about to sprout yet another major new addition. 432 Park Avenue opened as the tallest residential tower in the country earlier this decade. 425 Park Avenue is currently under construction, and will soon become an 892-foot tall office building. And now, 270 Park is set for demolition and rebirth as a supertall, stretching to an eventual pinnacle 1,200 feet above street level.
The world’s current tallest residential tower, 432 Park Avenue, has broken a record. Total sales of its condominiums have now surpassed $2 billion, and co-developers CIM Group and Macklowe Properties have made the announcement that their Midtown project has now achieved the all-time record for all of New York City. This news leaves the developers just $1.1 billion dollars shy of their expected total $3.1 billion sell-out.
Earlier last week, YIMBY got the opportunity to see the mountainous Midtown neighborhood, the rising towers in Queens, and the Upper East Side from the penthouse of 252 East 57th Street. The full-floor apartment had two terraces on the Northwest and Southeast edges of the building, from which we were given an eye-to-eye look at several high-rises on the rise.