$300M new west side office condo rising
A new office tower is planned for a block front property on the West Side Highway at 51st and 52nd Streets. A partnership led by Jack Guttman and Steve Schwartz is building the nine story 200,000 s/f tower at a cost of $300 million. Featuring waterfront views, it will be built as an office condominium, similar to the Chelsea Arts Tower.
“This is an outstanding midtown location and we found that many companies would rather invest in their own office space rather than be a tenant with constant rent increases,ˮ said Guttman. “The location and design are perfect for companies seeking full floor ownership.”