Demolition is progressing rapidly 123 West 57th StreetThe site of a 26-story commercial building in a row of billionaires MidtownManhattan. Characteristics of alchemy ABR Partners has signed a $ 120 million deal to buy Midtown real estate from the Calvary Baptist Church. Cain International, an equity partner of ABR Partners, has introduced Security Benefit Life as a new lender for this project. This will provide 185,000 square feet of office space and is estimated to cost $ 350 million. The property is located on West 57 Street to the south, West 58 Street to the north, Six Avenue to the east and Seventh Avenue to the west.
Recent photos show the tremendous downward progress that has taken place since then. Our last update In March, the former 16-story, 153-foot-high Salisbury Hotel had just begun to be demolished. Currently, only a handful of floors are destroyed.The new tower will eventually rise during Christian de Portzamparc One57 When SHoP Architects‘ 111 West 57th Street..
Demolition progressed, exposing a huge row of steel trusses that spanned the length of the superstructure. This can be seen from across West 57th Street. The canopy of Salisbury Hotel still stands under the scaffolding on the sidewalk.
The following photo shows the work situation in late June. YIMBY predicts that the demolition will be completed by the end of summer and the plot will be cleared by the end of the year.
There is no official architectural rendering, final height, or architect published for the project yet. However, YIMBY finally reported that an auditorium will be set up in the building. Tenants in the upper half of 123 West 57th Street have views of Central Park to the north.
The completion date is also unknown.
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