The 57th Street Corridor

There's a lot of new development in Midtown Manhattan around West 57th Street. Soon, NYC's skyline will be joined by six new towers ranging from 900 to 1,500 feet. Almost as tall as the recently completed 1 World Trade Center tower in downtown Manhattan's Financial District. The companies developing the various tower(s) are The Extell Development Company for the One57 building and the Central Park Tower (Nordstrom Tower). This is predicted to be the tallest residential building in the western hemisphere. Additional development is being done by Vornado Realty Trust's unnamed building at 220 Central Park South, and JDS Development Group in conjunction with the Property Markets Group have a tower being built at 111 West 57 Street. Hines, Goldman Sachs, and the Pontiac Land Group have a 1,000 foot tower being built on 53 West 53rd Street with plans to connect it to the MOMA museum. These buildings will join the already built 432 Park Avenue building developed by the CIM Group and Macklowe Properties. According to the various plans, Empire State Living predicts these buildings to be the premier apartments offered in NYC well into the 2020s.

All of these buildings will feature a plethora of various amenities, with their floor plans offering between 2,000-10,000 feet. Prices range from $12million to $100million. Empire State Living expects these projects to be completed by 2019. 

Joseph Parks - Licensed Real Estate Salesperson