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Much of the recent development in New York City has come in the form of towering skyscrapers, a building type that has historically defined the city. While the New York skyline is set to see some major changes in the coming years, a number of smaller-scale intensification projects like 525 West 52nd Street are filling in gaps in the urban fabric.
The project is now rising from a 30,124-square-foot site in Midtown Manhattan, located mid-block between 10th and 11th Avenues, with frontages on both 52nd and 53rd Streets. Work at the site has been fast progressing since the 2014 demolition of a five-storey structure occupying the site, and the new development has recently reached a height of 17 storeys.
Developed by Mitsui Fudosan America and Taconic Partners, the 450,000-square-foot, Handel Architects-designed luxury rental building includes a 12-storey brick-clad base structure that steps back to a series of terraced floors, reaching a total height of 24 storeys, as well as a smaller attached 14-storey volume.
Of the 392 residential units on offer within the development, 80 apartments will be set aside as affordable units in compliance with New York State’s 80/20 market-rate/affordable housing program. The remaining 312 apartments will be rented out as luxury units. The development's ground floor will feature retail frontages that add to the already vibrant pedestrian experience found in this part of Midtown Manhattan.
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