Midtown Mercedes dealership will be replaced by a 723-foot condo

It’s been nearly two years since Silverstein Properties scrapped plans to bring a 1,100-foot tower to Midtown with 1,400 apartments. Earlier this year, news emerged that Silverstein might be planning two smaller buildings at the site, and now at least one of them seems to be moving forward.

The Real Deal first reported that the developer has filed plans for a 57-story building at 520 West 41st Street. Plans reveal that CetraRuddy will in fact be designing this new residential building with 499 apartments.

If approved, this building will rise 723 feet and feature 63,000 square feet of commercial space, in addition to the apartments. This commercial portion will take up the first five floors of the building, according to YIMBY. There are also plans for a large outdoor space on the fourth floor, which will act as an accompaniment to the expansion of Hudson Boulevard and Park, according to YIMBY.

The project first came about after Silverstein purchased this onetime Mercedes-Benz dealership site for $115 million. That dealership has since been demolished to make way for the incoming development.

Though Silverstein hasn’t yet elaborated on plans for this site, it seems like the residential tower will be followed by construction on an office tower in the future, something the developer had hinted at this past January. The office tower would be larger than the residential building. A date of completion on either of the projects is not yet known.

• Larry Silverstein downsizes condo plans on Far West Side [TRD]
• Permits Filed For Silverstein’s Massive Site At 520 West 41st Street [YIMBY]
• Silverstein Scraps Plans for 1,100-Foot-Tall Midtown Tower [Curbed]