Very bullish. Great news.

This pretty much wraps up what NYguy posted in the previous page of the thread. Now lets start digging!


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Construction Permits In Place For SHoP's 57th Street Tower
Monday, February 17, 2014, by Jessica Dailey

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:tup:

Wonderful! :happybirthday:

Can't wait to see this beauty rise :)

YAY!!! let's see this baby rise!!!

A 4-story penthouse. Whoa.

So the penthouse is over $100 million, not surprisingly.

I wonder how much over $100 million.

The penthouse will probably be bought by a group of buyers. As prices increase, it probably could be a worthwhile investment. Mabye a 20-30 mil profit if they sell it in a couple of decades. Yet again, it could be a billionaire who will wind up living here. Either way, with the report on the concept of Hudson Spire having residential units for its last floors, I would bet they are going to be way more expensive.

Final stamp of approval to begin, a memorable mark in New York City skyscraper history...



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be still my heart!

Very exciting times - this may very well rise in lock step with TV, 225w 57th and 220 CPS. It will be nice to see all these cranes on the skyline!

My guess is that by the time these start to emerge on the skyline, 432 Park will already have been topped out, is that fair to say?

How fast do you guys think the rate of construction will be on this one? same as 432 park, one floor a week~?

Indeed, all those towers should be rising at the same time since most if not all of this year will be dedicated to excavation and the vertical climb will happen next year. This is quite exciting to see all those supertalls and 2 or 3 of them masterpieces rising at the same time.

432Park should top out later this year and I do think Steinway will rise as fast if not faster cause correct me if I'm wrong but the completion date is only 2 years away, 2016, which is quite plausible considering the simplicity of the structure.

Each floor of 432 Park is 93.5 X 93.5 = 8,742 sq feet. And that's all the way up to 1,396 feet.

For 111 W 57th, the base of the tower is 79.25 X 58.75 = 4,656 sq feet. That's 53% of the square footage of each floor of 432 Park. And, of course, this tower tapers as it rises (starting at about the halfway point).

This tower will demand more detail work, though, in the installation of the terra cotta, bronze, and brass features.

The total square footage of 432 Park is 545K, and for 111 W 57th it is 316K.

Hard to say what all this means for the construction schedule of 111 W 57th, but I would imagine that even the lower half would proceed at a per-floor rate that's a bit faster than that of 432 Park.

^That's exciting. I'm hoping I'll be able to see some facade go up when I visit. :)

All we need now is Nordstrom and we got a trifecta of super talls rising. ;) Its crazy to realize that this is thinner then 432 park ave. :worship:

I don't know what the exact schedule is, but the reason they want to get started soon is because of the "unusually complex construction logistics and durations".

Agreed. Let's get this party started. :yes:

Very exciting stuff going in on in NYC the last few years, and the next few to come. :cheers:

If I had to rank in terms of excitement for me, this would be a close number 2 to Tower Verre's number 1.