5055 Broadway Update 10/17/24

Superstructure Rises at 5055 Broadway

General contractor, 

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, has already formed 8 floors of the concrete superstructure for an 11-story, residential development, going up at 5055 Broadway in Manhattan's Inwood neighborhood.

 

Photo Credits: Mitch Perle // Timber Equities

Developed by 

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, the building is set to contain
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luxury rental apartments (including 15 affordable housing units), offered in one and two-bedroom configurations. Tenant amenities are to include a fitness center, a lounge room, a rooftop with a lounge, and BBQ stations. Plans also call for
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square feet of ground-floor retail space.

Designed by 

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, the structure will stand
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feet tall and total
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square feet. Work is ultimately anticipated to complete by the fall of 2025.

A couple of months back,

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secured a $21 million loan for the project. Issued by Bank Hapoalim, this influx of capital is being used to fund construction costs.

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