The slender spire under development by JDS Development Group and Property Markets Group at 111 W. 57th St. will tower 1,421 feet, according to city records. That will make it about 25 feet taller than 432 Park, the spire topped out late last year, and the tallest residential building in the Western Hemisphere.
Reports of the SHoP Architects-designed tower’s height have varied since the developers first unveiled plans in 2013. Initially it looked like the building would top out in the neighborhood of 1,350 feet—well short of 432 Park Ave.’s 1,397-foot height. But documents in the city Department of Building’s database show that 111 W. 57th will be taller than originally thought.
The developers began pouring the foundation for their property, which wraps around the historic Steinway Hall, late last year. They received their final permits from the city this week, which was reported by blog New York Yimby [Yes in My Backyard] Wednesday. The developers are now in the final stages of securing a $500 million construction loan.
The tower has been closely watched by the city’s construction community, as JDS and Property Markets Group could possibly use an open shop on the job—an unprecedented feat for a residential tower of that height.