Saturday, July 12, 2014

NYC's Largest Apartment Building - 106 Stories

The developer behind the city's tallest tower, 1 World Trade Center, has proposed building the city's largest residential tower near the entrance to the Lincoln Tunnel at 520 West 41st Street. The building proposed by developer Larry Silverstein will boast more floors than any other building in the city standing at 106 stories compared to the city's tallest tower, 1 World Trade, which stands at 104 stories.
Silverstein’s glass-draped tower would have 1.14 million square feet of residential space housing 1,400 apartments with 280 affordable units, as well as 175,000 square feet of office space, and 300,000 square feet of retail on the lower floors.

At 1,100 feet tall, the tower will be more than 300 less than the 1,479-foot Nordstrom Tower, set to rise at 225 West 57th Street, as well the residential towers at 432 Park Avenue and 111 West 57th Street, which are planning to rise 1,397 and 1,350 feet.
Silverstein Properties has already developed two large residential projects on the West Side with more than 2,000 units combined in Silver Towers, the twin-towered rental buildings at 600 West 42nd Street, and the 41-story tower at 1 River Place.

The development firm just completed the 72-story 4 World Trade Center, and the retail base of 3 World Trade Center and 2 World Trade Center to street level.

The new buildings are just part of a tidal wave of residential construction getting underway on Manhattan's Far West Side.

Brookfield Properties has changed plans for its Manhattan West project at Ninth Avenue and 33rd Street and is adding as many as 900 residential units to a formerly entirely office project.

Nearby, The Atelier II -a 61-story condominium at 605 West 42nd Street, is under construction right around the corner, and Extell Development's 52-story rental at 547 Tenth Avenue is in the works.

The project is also down the block from the 62-story MiMA tower, which means things are getting crowded by the river -- all residential byproducts of the Hudson Yards mega-project.

But the 520 West 41st development would require zoning changes.

Current zoning only allows for about half of the residential space Silverstein wants to include at 520 West 41st Street. The building is located within the Hudson Yard Special District, where rules stipulate that buildings should primarily provide commercial space.

The developer is arguing that this particular plot has more in common with the residential blocks just north in Hell’s Kitchen, in part because the Lincoln Tunnel outbound approach cuts it off from the rest of Hudson Yards.

Construction is tentatively scheduled to begin in 2017, with completion expected by 2020.

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