Demolition begins at 123-141 West 57th Street for a 26-story office tower in Midtown, Manhattan
Demolition is underway at 123-141 West 57th Street, the site of a future 26-story, 185,000 square foot office tower along Billionaires’ Row in Midtown, Manhattan. The site is located between Sixth and Seventh Avenue, surrounded by One57 by Christian de Portzamparc and 111 West 57th Street by SHoP Architects. It was recently reported that Alchemy Properties and ABR Partners have reached a $120 million deal to buy the property, which was owned by Calvary Baptist Church and includes the adjacent 16-story, 153-foot-tall Salisbury Hotel. ABR Partner’s financial partner, Cain International, had approached Security Benefit Life as a new lender. The total construction cost of the project is estimated at approximately $350 million.
At this time, it appears that all south elevation windows facing West 57th Street have been removed and the interior gutting is well underway. A construction lift has been attached to the brick facade, and black netting and scaffolding cover the structure. Demolition is expected to progress throughout 2022 and we should likely see the lot come down to street level by the end of the year.
No renderings or architects have been released for the project, but we can assume that the upper floors of the structure would feature views of Central Park from above the row of pre-war buildings that make up Central Park South. A finalized architectural height is also unclear, though YIMBY estimates it to be no more than 300 feet tall. Calvary Baptist Church will own and occupy the lower portion of the building, which will include a new auditorium.
The new office building is expected to be completed in 2024.
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