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Tower Verre

53W53
53W53 Exterior Shot.jpg
53W53
General information
Status Under construction
Type Museum, Residential Condominiums
Location 53 West 53rd Street
New York City, New York, United States
Owner Hines, Pontiac Land Group,Goldman Sachs
Height
Antenna spire 1,050 ft (320 m)
Technical details
Floor count 82
Design and construction
Architect Jean Nouvel
Developer Hines, Pontiac Land Group,Goldman Sachs

53W53, also known as the MoMA Expansion Tower and 53 West 53rd Street, and formerly known as Tower Verre is a supertall skyscraper currently under construction by the real estate companies Hines, Pontiac Land Group and Goldman Sachs, located in Midtown Manhattan, New York City adjacent to The Museum of Modern Art. The building had been in development since 2006, and construction began in late 2014.

The building, designed by Jean Nouvel, initially was proposed to stand 1,250 feet (381 m) tall (the same height as the Empire State Building below its mast). The mid-block building had run into considerable opposition focusing on fears that it would cast a shadow over Central Park during the winter and that its mid-block location would create traffic problems. Financing had been a problem, until October 2013, when the Kwee brothers' Pontiac Land agreed to provide $200 million in equity, supported by an $860 million loan from a consortium of Asian banks.

The building bought air rights from the University Club of New York and St. Thomas Church. On September 9, 2009, the New York City Planning Commission said the building could be built if 200 feet (61 m) were clipped off the top. The City's decision not to approve Tower Verre as proposed was greeted with disappointment and derision by several prominent architecture critics. The 1,050-foot (320 m) version was approved by the City Council on October 28, 2009 in a 44-3 vote.

The building's skin would contain a faceted exterior that tapers to a set of crystalline peaks at the apex of the tower Due to this, the project is said to be one of the most exciting additions to New York's skyline in a generation. MoMA, which owned the building's 17,000-square-foot (1,600 m2) lot and completed a renovation in 2005, sold the lot to Hines for $125 million in 2007. In September 2014, the air rights were purchased from MOMA and the building became known as 53W53.


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