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


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