Construction has resumed on a 65-story mixed-use tower at 50 West Street in Manhattan. Located at the northeast corner of West and Ward Streets near the Brooklyn-Battery Tunnel portal, the 500,000-square-foot tower will consist of approximately 180 residential condominium units, as well as street-level retail space and a pedestrian plaza.
Construction initially took place at the site from 2007 to 2008, but was suspended due to financial issues. This summer, Times Equities, owner of the site since 1983, announced it had secured $398 million in financing for the project’s completion.
Work restarted in October 2013 with caisson installation and foundation work planned through June 2014, according to project managers. Erection of the 725-foot-tall superstructure is expected to follow from spring 2014 through approximately March 2015, with completion slated for summer 2016.
Designed by renowned architect Helmut Jahn, the building is being developed by Time Equities, with construction management by Hunter Roberts. A LEED Gold rating is planned, thanks to sustainable and high-performance building systems and features.