A new rendering has been produced for the mixed-use project on the southwest corner of 57th Street and Second Avenue that will replace the low-rise High School of Art and Design and Public School 59.
A new school will occupy part of the new structure's 11-story base that will also include 166,000 square feet of retail space including a 47,00-square-foot Whole Foods store.
The top 59 floors of the project will have residential bases.
Skidmore, Owings & Merrill is the architect and the World Wide Group is the developer.
The glass-clad tower will have steeply-angled facades that will radically alter its appearance from different directions and will seem to have an extreme hour-glass pinched figure.
A $4.2 billion air rights agreement to build an educational, residential and retail complex at 250 East 57th Street in Manhattan has recently been closed, according to real estate and construction law firm Anderson Kill who directed the deal.
The project, which is a collaboration between the New York City Educational Construction Fund and the World Wide Group, includes a new 1,400-student high school that will replace the existing High School for Art and Design, a new 730-seat elementary school, the retail space and a 488,000 sq-ft, 320-unit residential tower.
World-Wide Group recently completed construction on a school on East 63rd Street, located at the converted Annex of the Manhattan Eye, Ear and Throat Hospital, which will house PS 59 during the construction phases. After PS 59 relocates to its newly renovated home on 57th Street, the 63rd Street site will continue to serve as a new neighborhood school.
"We're enthusiastic and honored to be working with the ECF to build new schools, new retail and new housing that will revitalize and energize this important intersection of the Upper East Side," said Julia Hodgson, director of development for The World-Wide Group.
About 20 percent of the 320 rental units will be affordable housing and the project will also utilize the Inclusionary Housing Program, according to developers World Wide Group, which will result in approximately 30 additional affordable units within Community Board #6 limits.
The Educational Construction Fund was created in 1966 and it best known for its mixed-use developments such as the office-building/Norman Thomas High School on the southeast corner of Park Avenue and 34th Street and the apartment building/Robert F. Kennedy School on 88th Street between Park and Lexington Avenues.
A new school will occupy part of the new structure's 11-story base that will also include 166,000 square feet of retail space including a 47,00-square-foot Whole Foods store.
The top 59 floors of the project will have residential bases.
Skidmore, Owings & Merrill is the architect and the World Wide Group is the developer.
The glass-clad tower will have steeply-angled facades that will radically alter its appearance from different directions and will seem to have an extreme hour-glass pinched figure.
A $4.2 billion air rights agreement to build an educational, residential and retail complex at 250 East 57th Street in Manhattan has recently been closed, according to real estate and construction law firm Anderson Kill who directed the deal.
The project, which is a collaboration between the New York City Educational Construction Fund and the World Wide Group, includes a new 1,400-student high school that will replace the existing High School for Art and Design, a new 730-seat elementary school, the retail space and a 488,000 sq-ft, 320-unit residential tower.
World-Wide Group recently completed construction on a school on East 63rd Street, located at the converted Annex of the Manhattan Eye, Ear and Throat Hospital, which will house PS 59 during the construction phases. After PS 59 relocates to its newly renovated home on 57th Street, the 63rd Street site will continue to serve as a new neighborhood school.
"We're enthusiastic and honored to be working with the ECF to build new schools, new retail and new housing that will revitalize and energize this important intersection of the Upper East Side," said Julia Hodgson, director of development for The World-Wide Group.
About 20 percent of the 320 rental units will be affordable housing and the project will also utilize the Inclusionary Housing Program, according to developers World Wide Group, which will result in approximately 30 additional affordable units within Community Board #6 limits.
The Educational Construction Fund was created in 1966 and it best known for its mixed-use developments such as the office-building/Norman Thomas High School on the southeast corner of Park Avenue and 34th Street and the apartment building/Robert F. Kennedy School on 88th Street between Park and Lexington Avenues.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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