A charming piece of prewar history gave its life for yet another monolithic glass residential box. Owner VS 125 LLC is making headway on its 72 story skyscraper, as construction has moved past the fourth floor and construction crews prepare work on the 5th floor. Only 67 stories to go!
45 Broad Street
Construction at this soon to be 1000+ foot supertall residential skyscraper is making progress clearing debris in preparation for foundation work. But there doesn’t seem to be much information regarding affordability. Owned by Madison 45 Broad LLC, New York City Department of Finance (DOF) records do not show any 421-a tax abatement for this property that would convey rent stabilized status, while ACRIS records do not indicate any affordability regulatory agreement with HPD. But I’m sure the views are spectacular!
432 Park Avenue’s reign as the tallest building (by roof height) will soon be at an end. The 1,396 foot high structure contains 86 stories of pure luxury, with 0% affordability. The building stands as a testament to the seismic shift in construction in New York, with luxury condos now standing as the symbol of the Big Apple. Perhaps the same may have been said about the Empire State Building, but at least anyone can visit its pinnacle.