A look at the latest crop of top towers rising in NYC

After nearly half a decade of COVID stagnation, morale will be boosted as fresh, high-tech developments that will reshape NYC’s skyline are closer to reality.They’re adding sorely needed housing and new trophy commercial office space.“The sense of stability by having a new president helps the market and it helps that the next president, Donald Trump, is in real estate,” said Adelaide Polsinelli, a commercial broker with Compass.

“It has infused a lot of confidence in what’s to come in 2025.”Look out for 942-new apartments to be built within 5 Times Square — many of which will have a bird’s-eye view of the Ball Drop Building and the tourist-filled Bow Tie.It’s a complex project being undertaken by architect Dan Shannon’s firm MdeAS, which is also converting buildings like the landmarked 140 W.57th St. It will transform from boutique offices into condominiums for the Feil Organization — something considered since Feil bought it in 2016.“It is a major financial investment to convert in this market,” said Shannon.

“We’ve probably looked at easily 15 and I don’t think there is an owner that hasn’t looked.Some pencil out, and some don’t.”Once artist studios before becoming offices, construction on the project near Carnegie Hall will start during the first quarter of this year with sales to begin in the second half of 2026.“We are looking forward to delivering 47 new residential units along the famed Billionaires’ Row corridor,” said Brian Feil.

“As the need for housing continues to rise, we are confident residential is the best use for this building.” In another potential conversion, embattled developer Charles Cohen wants to create 172 units within the 27 upper floors at 623 Fifth Ave., which rises above and is connected to Saks Fifth Avenue.Cohen’s family-owned firm is also planning to demolish a squat, nine-story office building at 3-15 E.

54th St.and likely rebuild as condominiums.Over at 830 Thi...

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Publisher: New York Post

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