Algin hopes to build 50-story tower at Roseland Ballroom site

Algin Management is looking to build a 50-plus-story building at the site of the Roseland Ballroom in Midtown, and has tapped Cetra/Ruddy to design the 450,000-square-foot mixed-use tower.

Algin will tear down the full-block Roseland, located at 239 West 52nd Street, and is looking to purchase some 58,000 square feet of air rights from the Majestic Theatre at 245 West 44th Street, the New York Post reported. Algin is also looking to scoop up about 4,000 square feet of air rights from the Broadhurst Theatre at 235 West 44th Street, according to the newspaper.

The Roseland, which has been a staple of the city’s music scene for decades, will have its final hurrah in March, with a series of performances by Lady Gaga, according to the Post. [NYP, 3rd item] – Hiten Samtani