500-foot tall massing model depicted at the site. Image courtesy of CityRealty
New York City-based real estate private equity firm Savanna Fund has filed permits with the Department of Buildings to demolish a 12-story, 36,000-square-foot office building at 106 West 56th Street. No plans for the 5,000-square-foot lot have been announced, but its location along Billionaires’ Row and three blocks south of Central Park makes it well suited for another slender residential or hotel tower. The 50-foot by 100-foot lot is zoned at one of the city’s highest as-of-right densities and could therefore yield a building of roughly 80,000 square feet of zoning area without any development rights transfers. Above 350 feet in height, north facing spaces would have partial views of Central Park.