A proposed plan for a new residential tower at 520 West 41st Street, New York City, shows that it will be the tallest residential building in the United States.
Renderings of the 106-storey, Manhattan West building were revealed earlier this month and if approved, the structure - about 1,100 feet tall - would go on to become the tallest residential building of America.
The development has been proposed by Larry Silverstein, CEO of Silverstein properties Inc - a major property development firm. He plans on building 1,400 residences on the sleek tower, 280 of which will be dedicated towards affordable housing. The proposal also provides for 175,000 square footage of corporate apartments space.
That's not all. The structure will also include 175,000 square feet of office space and 300,000 square feet of retail area. New York YIMBY has renderings of the building. Construction on the structure is slated to begin in 2017 and end by 2020.
But, the building has started facing problems even before it could start construction. According to The Real Deal, current zoning permits only allow half the residential space the building plans on including. The tower's location, the premise within the Hudson Yard Special District, demands all buildings to provide more commercial space than residential which is also a problem.
In his defense, Silverstein argues that the residential units he plans on adding to the building are just like any other units in the area. Also, "the Lincoln Tunnel outbound approach" secludes the building from the rest of Hudson Yards.
There is no word from the city officials yet and if the plan does go through, the building shall reign as the tallest residential structure of America. Currently, the One World Trade Center is the tallest structure of the country at 1776 feet (architectural height), which is however, inclusive of the "408 feet" mast on top of the building.
See the list of the tallest buildings in America here.
Meanwhile, Silverstein just received permission to start construction of 3 World Trade Center, after the Port Authority of New York and New Jersey voted to release $159 million of the insurance money that were held back since the 9/11 attacks.
Silverstein told Real Estate Weekly that the action "permits us to immediately jumpstart vertical construction, employ 3,000 construction workers and stay on target for an early 2018 completion."
"We remain confident that we will nail down a construction financing package that will allow us to complete the project and create an ideal environment for GroupM employees and other dynamic, creative companies who are making their home at the new World Trade Center," he added.
