Supertall

YIMBY’s 2021 Construction Report Shows 30,036 New Residential Unit Filings in New York City

YIMBY’s 2020 New Building Report, covering 2019’s numbers, showed a substantial increase in applications, with 2019’s total filings reaching 36,467. This year, the numbers have dropped somewhat, with 2020’s submitted residential units totaling 30,036. While this was a decrease, it was still substantially above the 2018 total of only 20,393 new units filed, indicating that in spite of the profound headwinds beginning in March of last year that are now seemingly abating, permitting activity remained fairly vigorous. The full report covering 1,774 new buildings and over 57 million square feet of new floor space is available in Excel format upon purchase of YIMBY’s Building Wire subscription.

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Central Park Tower aka 217 West 57th Street Set for 2021 Completion in Midtown, Manhattan

Taking the top spot in our construction countdown for the third year is the Central Park Tower, the tallest building by roof height in the Western Hemisphere and the tallest residential skyscraper in the world. Designed by Adrian Smith + Gordon Gill and developed by Extell, the 1,550-foot supertall stands nearly complete at 217 West 57th Street on Billionaires’ Row in Midtown. Developers are expecting a $4 billion sellout for its 179 residences, which are being marketed by Corcoran Sunshine.

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111 West 57th Street’s Façade Continues to Wrap Up in Midtown

Exterior work is getting closer to completion on 111 West 57th Street, a 1,428-foot-tall residential supertall on Billionaires’ Row and number two on our countdown of the tallest projects under construction in the city. Designed by SHoP Architects and developed by   JDS DevelopmentProperty Markets Group, and Spruce Capital Partners, the 60-unit Midtown skyscraper stands as the world’s most slender structure with a height-to-width ratio of 24:1.

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270 Park Avenue’s Demolition Passes Halfway Mark in Midtown East

Demolition is progressing rapidly at 270 Park Avenue, the site of JP Morgan Chase‘s new 1,425-foot-tall headquarters in Midtown East and number three on our end-of-year countdown. The firm is demolishing its former 707-foot-tall, 52-story tower to make way for the massive supertall, which will yield 2.5 million square feet of office space. The full-block parcel is located between Park and Madison Avenues and East 47th and 48th Streets.

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