Solow files plans for 57th Street mixed-use tower

Developer paid $120M for the site back in 2012

TRD NEW YORK /
Apr.April 20, 2018 11:30 AM

12 West 57th Street and Sheldon Solow (Credit: Getty Images)

After several years of assembling sites and wrangling with tenants in court, Solow Realty and Development has filed plans for a 52-story mixed-use skyscraper on West 57th Street.

The tower, which will rise at 10-12 West 57th Street, is expected to feature 80 residential units and 180,396 square feet for commercial use, New York YIMBY reports. The property is one of several that Solow has purchased on 57th Street since 2011.

Solow paid $120 million for the site in 2012, beating out Gary Barnett for the 12-story property. Last year, Metropolitan Fine Arts and Antiques, which occupies the ground floor of 10 West 57th Street, filed a lawsuit against Solow, accusing the developer of harassing the company in an attempt to vacate the building. The case is ongoing.

Previous reports indicated that Solow planned a 54-story condo and hotel tower for the site. Skidmore Owings & Merrill has been tapped to design the project.

Earlier this month, the New York Times reported that Sheldon Solow’s son, Stefan Soloviev, is taking a larger role in the family business. [NY YIMBY]Kathryn Brenzel


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