World-Wide Group’s 57th Street project will rise 715 feet, will house larger units

Amid One57, 432 Park Avenue and 225 West 57th Street, yet another luxury apartment tower — one that has been slated to go up on the thoroughfare there since 2009  Will Rise On 57th Street, the New York Observer reported.

World-Wide Group’s long-planned tower at 250 East 57th Street, the mixed-use development that stalled in the recession, is no longer of indeterminate height, the Observer said. Records filed with the city show the building, at Second Avenue, will rise to the originally-planned 57 stories — some 715 feet.

The tower will now feature 270 units — not 320 units, as originally planned. That adjustment was made in an effort to meet the ever-larger demand for space among high-end buyers, the paper noted. [NYO] –Guelda Voien