111 West 57th Street Officially Surpasses Halfway Point in Rise to 1,428′ Pinnacle

111 West 57th Street Officially Surpasses Halfway Point in Rise to 1,428′ Pinnacle

Under construction 53w53 (left) and 111 West 57th Street (right) from across Sheep Meadow, image by Andrew Campbell NelsonUnder construction 53w53 (left) and 111 West 57th Street (right) from across Sheep Meadow, image by Andrew Campbell Nelson

With each new day that passes, the view of Midtown from southern Central Park is looking more like the renderings from several years ago. Today, we have a look at 111 West 57th Street, which is on its way to becoming the third-tallest skyscraper in New York City, surpassed only by One World Trade Center and Central Park Tower. It’s been three and a half months since YIMBY last reported on the soon-to-be supertall’s progress from Midtown. In that time, the tower has seen an incredible growth spurt and is now officially over halfway to its eventual 1,428-foot peak.

111 West 57th Street

111 West 57th Street, rendering by Hayes Davidson and SHoP Architects

At over 700 feet up, the structure has now surpassed many of its historic neighbors. The terracotta, bronze, and glass facade is not yet noticeable from Central Park, though a small portion of the terracotta is visible on the building’s west side.

Looking at the tower from across Sheep’s Meadow, it matches the prominence of 53 West 53rd Street, a supertall development next to MoMA. It is rather incredible that a nearly topped-out 1,050-foot-tall tower positioned just six blocks away from Central Park can make such an unremarkable impact on the skyline.

This is a testament to the density of Midtown, but the lack of height is also due to the controversial decision to cut 200 feet from 53W53’s height in 2007.

111 West 57th Street from Central Park, image by Andrew Campbell Nelson111 West 57th Street from Central Park, image by Andrew Campbell Nelson

SHoP Architects is responsible for designing the tower. They took some of the lessons learned from the materials and proportions of historic New York City skyscrapers when shaping and designing the building.

111 West 57th Street, rendering by SHoP Architects

The firm used intelligent design when considering the shape of the terracotta and its relationship with the sun to create a sweeping play on shadow and light. This effect is beginning to be noticeable, though it isn’t fully apparent quite yet. At the tower’s base is the historic Steinway Building, which includes a fully preserved rotunda space from the piano company’s showroom.

111 West 57th Street

111 West 57th Street, image from JDS Development / Property Markets Group

The building will also be notable once complete for being the most slender skyscraper in the world, with a slenderness ratio of 24:1. For reference, the 1,396-foot tall 432 Park Avenue clocks in with a 15:1 ratio.

Central Park South skyline from across Sheep Meadow, image by Andrew Campbell Nelson

Central Park South skyline from across Sheep Meadow, image by Andrew Campbell Nelson

JDS Development and Property Market Group are developing the slender skyscraper. The 82-story supertall will yield roughly 400,000 square feet, and create 60 new condominiums. The least expensive units start at $15.5 million, with the most expensive selling for $59 million on the top floor, which includes uninterrupted views of Midtown and Central Park.

The total projected sellout for the tower is $1.45 billion, or in City Government terms, approximately one-tenth of the MTA’s operating budget.

111 West 57th Street, image by Andrew Campbell Nelson

111 West 57th Street, image by Andrew Campbell Nelson

The estimated completion date has not been announced. At the current pace of construction, early to late 2020 does appear likely.

Tick tock: Developers under the gun to sell 35 condos at Clock Tower building by August

City will have option to take property back if condos don’t sell

March 06, 2018 05:15PM

Isaac Tshuva and the Tribeca Clock Tower building

Condos at the Tribeca Clock Tower building are finally ready to hit the market — and they need to sell fast.

The Elad Group, which spearheaded the condo conversion at 108 Leonard Street, has to sell 35 units by August, according to Curbed. Additionally, if they do not finish the project within five years of the sale, the city can take the property back.

The Tribeca building was previously a criminal court, and the effort to turn it into a condo project was announced five years ago. There are a total of 150 apartments at the project that have between one and four bedrooms and will go for between roughly $1.5 million to more than $20 million. Douglas Elliman will handle sales and marketing.

Amenities at the building include a gym, a pool, a screening room and a rooftop lounge.

A judge ruled last year that the clock tower part of the project could not be part of the penthouse, but Elad is still going ahead with the rest of the development. The Peebles Corporation had sued Elad for $125 million over the project last winter, saying that the company cheated it out of its ability to sell its stake, but they settled the dispute last year in an agreement that lets Peebles keep its minority stake.