To live in Manhattan is the ultimate dream for anyone that thinks of New York City and aspires to make it in the Big Apple. It's also no secret that the New York City real estate market is among the most competitive in the country and the entire world. Construction is endless and new towers continue to rise in neighborhoods across the five boroughs, including some that have never seen a skyscraper get constructed. Below are five examples of projects that are sure to make a stunning and bold presence in New York.
1) 570 Washington Street
Located on the southern border of the West Village and running against Hudson Square, 570 Washington Street is going to be a massive two-tower residential project designed by COOKFOX Architects with SLCE Architects as the architect of record. It is being developed by Zeckendorf Development, Atlas Capital, and The Baupost Group as a $1.25 billion complex, which will consist of 29- and 36-story towers rising 400 and 450 feet, respectively, and will yield an undisclosed number of condominium units and commercial space. ACI VI Clarkson LLC is the owner and AECOM Tishman is the general contractor for the property, which occupies a 1.3-acre block bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west. The developers successfully acquired the plot for $340 million in early 2022 and have projected a $1 billion sellout on the homes.
The main rendering shows a striking sculptural design incorporating numerous stepped setbacks topped with terraces across both towers. The façade is composed of square floor-to-ceiling windows, and the upper stories feature significantly taller ceiling heights, most likely to house expansive penthouse units. The western elevations incorporate several cantilevering balconies, and pocketed terraces line portions of the southern tower faces. The buildings culminate in matching mechanical bulkheads adorned with columns and recessed rectangular imprints.
Completion is slated for December 2026.
2) 14 Fifth Avenue
Located in Greenwich Village is what will soon be a new 19-story residential tower at 14 Fifth Avenue. Designed by Robert A.M. Stern Architects and Hill West Architects and developed by Madison Realty Capital, which purchased the 5,255-square-foot plot for $27.5 million in 2015, the 241-foot-tall structure will yield 20 condominiums.
The upper floors will incorporate numerous staggered setbacks culminating in an offset mechanical bulkhead. The façade still retains some of the initial design elements such as the use of balconies and large stone slabs covering the first four floors.
14 Fifth Avenue’s completion date is set for winter 2024.
3) 3ELEVEN
With move-ins having already commenced last fall, exterior work is just wrapping up at 3ELEVEN, a new 60-story residential skyscraper at 601 West 29th Street along the border of West Chelsea and Hudson Yards. Designed by FXCollaborative and developed by Douglaston Development, the 695-foot-tall structure is also known as Tower A alongside the shorter 606 West 30th Street and will yield 935 units, with 235 designated for affordable housing, as well as 15,000 square feet of retail space on the podium floors.
Residential amenities are spread over 60,000 square feet and include multiple resident lounges, coworking spaces, a fitness center with adjacent studios, an outdoor swimming pool, multiple roof decks, a children’s playroom, music studios, indoor and outdoor dog runs, and an on-site parking garage with bike storage. Residents also have access to Throw Me A Bone, a full-service pet care business offering veterinary, grooming, walking, and boarding services.
Finishing touches, including the pouring of new sidewalks at the corner of Eleventh Avenue and West 29th Street and along the long southern elevation, should be completed in the coming weeks.
4) 609 Second Avenue
Construction is underway on 609 Second Avenue, an 18-story residential building in Kips Bay, Manhattan. Designed by Fischer + Makooi Architects and developed by The Horizon Group, the 212-foot-tall structure will span 74,528 square feet and yield 65 condominium units in studio to three-bedroom layouts with sales led by Ariel Tirosh and Team at Douglas Elliman. Britt Realty is the general contractor for the project, which is located between East 33rd and 34th Streets, just south of Murray Hill.
The main rendering shows a distinctive design featuring numerous cascading setbacks with rounded corners and an abundance of landscaping. The façade, which was designed in collaboration with ODA, is composed of horizontal bands of black brick with earth-toned paneling framing a grid of large windows. The main entrance is located at the northern end of the property along Second Avenue beneath a canopy, leading to a landscaped courtyard with a water feature.
The building will contain four to five units per level up to the 14th floor, and penthouses units will each span an entire floor from 15 to 18 and come with private outdoor terraces or balconies. Residential amenities include a 24-hour concierge and attended lobby, a lounge, a fitness center with a yoga room, a half-court basketball court, and a rooftop sundeck with designated cooking and dining areas.
Completion is expected sometime next year.
5) 25 Water Street
Located in the Financial District of Lower Manhattan is one of the city's upcoming office-to-residential conversions at 25 Water Street. Newmark has arranged a $535.8 million loan to support the 22-story transformation project. The joint venture behind the project includes GFP Real Estate, Metro Loft Management, and Rockwood Capital. Led by architect CetraRuddy, the redevelopment will create nearly 1.1 million square feet of residential area and a collection of amenities. At this scale, 25 Water Street is also the second-largest commercial-to-residential conversion project in Manhattan following the recently completed One Wall Street just eight blocks north.
There will be 1,300 rental units ranging from studios up to four-bedroom floor plans with ceiling spans as high as 12 feet. Health and wellness amenities will include a basketball court, a steam room and sauna, indoor and outdoor pools, and sports simulators. Tenants will also have access to a rooftop lounge that leads to a landscaped outdoor terrace, coworking spaces, and entertainment spaces for intimate gatherings and larger events.
The existing building at 25 Water Street, formerly known as 4 New York Plaza, was constructed in 1969 by architects Carson Lundin & Shaw. Today, JPMorgan is the building’s anchor tenant with a lease originally set to expire January 2025. A completion date for the conversion has yet to be announced.
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