126 East 57th Street Update 03/17/23

Excavation Underway at 126 East 57th Street

Excavation is well underway at the site of a 28-story, luxury tower project, set to rise at 126 East 57th Street in Midtown, Manhattan.

Developed by , the building will contain  residential condos, as well as 4,056 square feet of ground-floor retail space. Tenant amenities are to include a basketball court, a fitness center, and a rooftop swimming pool.

Designed by , the structure will stand feet tall and total square feet. The project site has been assembled as such that the tower will be constructed at 686 Lexington Avenue, with the main entrance, located around the corner at 126 East 57th Street.

General contractor, , first broke ground on the project this past summer, and construction is expected to take until at least 2024. In December, the team obtained a $170 million loan from Bank OZK, which is being used to fund all construction costs from the ground up.

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