Could Billionaires’ Row be set for another skinny tower?

Savanna plans to demolish nine-story building at 106 West 56th Street

New York /
Jan.January 29, 2016 06:10 PM

Could another slender skyscraper soon be coming to Billionaires’ Row?

Savanna plans to demolish a nine-story, 36,000-square-foot building at 106 West 56th Street, an area with one of the highest floor-to-area ratios in the city.

The private equity and asset management firm filed permits with the Department of Buildings for the site demolition on Wednesday.

Since the 5,000-square-foot lot lies in an area with a FAR of 15, Savanna can build an 80,000 square foot tower as of right, according to 6sqft, which first spotted the permits. (The C6-6 zoning that covers the site allows for a floor-to-area ratio of 15 for a commercial building and 10 for residential, with bonuses available for A Public Plaza and through inclusionary housing.)

Savanna has been busy of late developing a nine-story, Morris Adjmi-designed commercial building at 540 West 26th Street and a mixed-use tower at 141 Willoughby Street in Downtown Brooklyn, where it’s been pushing for a rezoning.

Savanna, which landed number five on TRD‘s April 2015 ranking of top deal-making private equity firms, sold Twitter’s Chelsea headquarters to New York REIT for $335 million. Savanna head Chris Schlank sat down with The Real Deal for a Closing interview in 2014.  [6sqft]Dusica Sue Malesevic


Related Articles

arrow_forward_ios
Dov Hertz (Photo by Studio Scrivo)
The Closing: Dov Hertz
The Closing: Dov Hertz
432 Park Avenue (Getty)
432 Park tenants plagued by creaks, leaks and design flaws
432 Park tenants plagued by creaks, leaks and design flaws
(Engel & Völkers Market Center, 432 Park)
Sugimoto-curated 79th floor at 432 Park quietly hits market
Sugimoto-curated 79th floor at 432 Park quietly hits market
Extell CEO Gary Barnett pictured with One57. (Extell, One57)
One57 condo sells at record 51% loss
One57 condo sells at record 51% loss
Savanna's Christopher Schlank and Nicholas Bienstock with 1825 Park Avenue (Savanna; Google Maps)
Savanna looks to sell Harlem office building for $75M
Savanna looks to sell Harlem office building for $75M
JDS Development’s Michael Stern with 111 West 57th Street and Central Park Bike Tours (JDS, Google Maps)
JDS Development gets a turn as bike shop’s legal target
JDS Development gets a turn as bike shop’s legal target
111 W 57th, Central Park Tower, and 432 Park (JDS Development, Central Park Tower, 432 Park)
“Anything is believable”: Artist fools brokers to access city’s priciest condos
“Anything is believable”: Artist fools brokers to access city’s priciest condos
JDS Development's Michael Stern and 111 West 57th Street (JDS)
JDS sues 111 West 57th contractor, insurer over shoddy work and “blunderbuss requests”
JDS sues 111 West 57th contractor, insurer over shoddy work and “blunderbuss requests”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...