By Howard Morrel & Leslie Hirsch
In our recent update on the transformation of 57th Street, we highlighted the ongoing demolition and redevelopment of Louis Vuitton’s flagship at 1 East 57th Street — a project redefining luxury retail on Fifth Avenue. Since then, new developments further west along the corridor underscore just how rapidly Billionaires’ Row continues to evolve.
Just west of Fifth Avenue, demolition is now nearing completion at 37–47 West 57th Street, clearing the way for one of the tallest new towers planned along the iconic stretch. The forthcoming 1,100-foot mixed-use supertall, designed by OMA and developed by Sedesco, is poised to become a major new addition to Midtown Manhattan’s skyline.
A New Phase for West 57th Street
The assemblage at 37–47 West 57th Street spans between Fifth and Sixth Avenues, with frontage on both West 57th and West 58th Streets. Demolition of the former 13-story structure at 37 West 57th Street has progressed steadily over the past several months, and only a handful of floors remain. The site is expected to be fully cleared to street level before the end of winter.
Sedesco acquired the property in early 2023 for $77.5 million, adding nearly 88,000 square feet to a project originally planned for the adjacent lots at 41–47 West 57th Street. The expanded scope allows for a dramatically taller and more ambitious tower than initially envisioned.
A Mixed-Use Supertall Takes Shape
When complete, the 63-story tower will rise approximately 1,100 feet and include:
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119 luxury condominium residences, averaging just under 2,000 square feet
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A 158-room hotel occupying floors two through 20
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A 10,000+ square-foot restaurant component
Renderings reveal a sharply tapered profile with a glass curtain wall along its Central Park–facing northern elevation, while the eastern façade introduces a more sculptural concrete expression punctuated by a dramatic triangular glass cutout. The design reflects OMA’s contemporary approach, contrasting yet complementing the classical and limestone-clad towers elsewhere along Billionaires’ Row.
Public Realm Improvements Along 57th Street
As part of the project’s approval, Sedesco received a 20 percent zoning bonus in exchange for significant public infrastructure upgrades. Most notably, construction is now underway on a new ADA-compliant elevator at the 57th Street subway station, served by the F train along Sixth Avenue.
The improvements will include a second elevator connecting the mezzanine to the platform, reconfigured turnstiles, new communications equipment, and nearly $10 million dedicated to long-term maintenance — enhancements that will directly benefit daily commuters and visitors to the area.
Billionaires’ Row Continues to Evolve
Together with the ongoing transformation at 1 East 57th Street, the progress at 37–47 West 57th Street reflects a broader trend reshaping the corridor: a blend of global luxury brands, ultra-high-end residences, hospitality, and meaningful public investment.
As demolition concludes and construction prepares to begin, West 57th Street is set to enter its next chapter — reinforcing the avenue’s status as one of the most dynamic and closely watched luxury development corridors in New York City.
We will continue to follow this project closely as it rises alongside the next generation of landmarks defining 57th Street.
Want to learn more? Let’s talk!
All the best,
Howard Morrel & Leslie Hirsch
Christie’s International Real Estate Group
(212) 956-4823
mha@christiesrealestategroup.com
