Midtown | 111 W. 57th St. - Steinway Tower | 438m | 1438ft | 95 fl | U/C - SkyscraperCity
 

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Old November 19th, 2015, 02:47 AM   #1
JohnFlint1985
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Midtown | 111 W. 57th St. - Steinway Tower | 438m | 1438ft | 95 fl | U/C

Supertall project

There are 2 unofficial names for this tower
"Steinway Tower" and "Stairway to Heaven"

This tower will probably will be the most thin tower of such a height in the world.







Previous design


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Old November 19th, 2015, 02:48 AM   #2
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Not a whole lot is going on there as of now - some work is done in the foundations.

Quote:
Originally Posted by ILNY View Post
Slowly, but work continues.







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Old November 28th, 2015, 06:27 PM   #3
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uptown (or the upper east side, in this case) is generally not considered anything south of 59th street.
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Old November 30th, 2015, 01:49 AM   #4
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Edited. This is my favorite tower U/C in New York. Too bad they're taking their sweet sweet time.
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Old January 1st, 2016, 06:25 AM   #5
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Taken Today - 12.31.15


A stroll through Midtown Manhattan on the last day of 2015!
by Corey Best, on Flickr
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Old March 13th, 2016, 04:32 AM   #6
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Updated renderings via Property Markets Group:





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Old March 14th, 2016, 11:16 AM   #7
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So 57th Street will just be a big lobby?
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Old May 19th, 2016, 05:34 PM   #8
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Quote:
Taken on May 16th by Brandon Nagle


...
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Old August 23rd, 2016, 10:25 PM   #9
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Originally Posted by towerpower123 View Post
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Old January 3rd, 2017, 05:41 PM   #10
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The Steinway Tower site at December 20, posted by ILNY at the global thread:
















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Old May 20th, 2017, 06:37 AM   #11
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starting to make itself known... man its skinny.


20170517_142759 by Matt Barnes, on Flickr

Last edited by Hudson11; May 25th, 2017 at 11:32 PM.
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Old July 23rd, 2017, 11:07 PM   #12
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progress photo by ILNY


111 West 57th Street by NyConstructionPhoto, on Flickr
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Old July 27th, 2017, 08:30 PM   #13
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It's from New York Post, but still...

http://nypost.com/2017/07/26/the-wor...-get-finished/

Quote:
The cost of building the world’s skinniest skyscraper has ballooned so enormously that the 111 W. 57th St. project is facing imminent foreclosure while it’s less than one-quarter complete.

The 82-story skyscraper has risen fewer than 20 stories and is $50 million over budget — “apparently attributable in part to egregious oversights like neglecting to budget for construction cranes,” according to a new lawsuit by a major investor.

Real estate investment corporation AmBase is suing the project sponsors Kevin Maloney and Michael Stern and lender Spruce Capital Partners to save its equity in the Steinway Tower overlooking Central Park.

“Over the past four years [AmBase] has invested over $70 million in the property. In two days, their investment may be wiped out,” the Manhattan Supreme Court suit says.

AmBase blames the costs overruns on Maloney and Stern.

“Apparently they omitted some very significant items in their budget including cranes, which are very expensive in New York and can run into the millions of dollars,” said AmBase’s attorney Stephen Meister.

The construction budget was $855 million in June 2015, according to court papers.

The owners– Maloney, Stern and AmBase– defaulted on a $25 million mezzanine loan payment to Spruce Capital Partners on June 30.

On Wednesday a judge blocked Spruce from taking ownership of the project in a strict foreclosure procedure pending a mid-August hearing on the dispute.

Spruce could still put 111 W. 57th St. up for a foreclosure auction, which would potentially allow AmBase to recoup some of its investment, Meister said.

A lawyer for Stern called the suit “baseless.” Maloney and the lender did not immediately return calls.

The suit is another to hit Billionaire’s Row.

In late June a second luxury condo at neighboring 157 W. 57th St., known as One57, was slated to be sold in a foreclosure auction. ​

But Stephen Sladkus, a Manhattan real estate attorney who is not involved in the project, predicted that the 111 W. 57th St. dispute and surrounding unit foreclosures “should have little to no bearing on Billionaire Row values.”

“In all likelihood this dispute will resolve and the skinniest skyscraper, as contemplated, will eventually rise,” Sladkus said.
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Old November 13th, 2017, 04:18 AM   #14
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this is moving forward. This gives you and idea how crazy skinny it will be.


_DSC1218.jpg by Michelle Bai, on Flickr
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Old November 13th, 2017, 04:51 AM   #15
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Quote:
Originally Posted by Hudson11 View Post
this is moving forward. This gives you and idea how crazy skinny it will be.


_DSC1218.jpg by Michelle Bai, on Flickr
Pathetic! Live in fantasyland, period. NY needs a lot more towers: severe shortages of housing, lots of ugly under utilized sites/small parking lots and to improve the look of the city.
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Old November 13th, 2017, 04:53 AM   #16
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They need not build something they can't finish or take something too big to chew on. Need to be realistic and build towers that look good and something they can afford to build. "Billionaire row" toasts!
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Old November 13th, 2017, 06:30 AM   #17
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Plenty of projects on parking lots too, like Essex Crossing.
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Old November 20th, 2017, 07:48 PM   #18
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Old March 25th, 2018, 02:48 AM   #19
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Old April 10th, 2018, 04:18 AM   #20
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