Savanna Fund

Central Park South, New Developments

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.

More details ahead

Architecture, Chelsea, New Developments, Starchitecture

Savanna Fund, Morris Adjmi, 540 West 26th Street, West Chelsea, Morris Adjmi, NYC Development, Galleries New York

Construction has kicked off on a sleek, nine-story commercial and gallery building in the heart of West Chelsea’s gallery district. It’s being developed by Savanna Fund, the Manhattes Group, and the Silvermintz family. Located just half a block from the High Line, the 145,000- square-foot, 159-foot-tall project at 540 West 26th Street replaces a parking lot and a two-story commercial building once home to the Lehmann Maupin Gallery.

The building’s straitlaced design, penned by Morris Adjmi Architects, is massed in two tiers and adorned with a repeating grid of factory-sash, floor-to-ceiling windows. Adjmi’s site notes that the facade’s “bead-blasted aluminum frame” is a nod to the district’s robust industrial character. Furthermore, the interiors will be detailed with blackened steel, finished concrete, and salvaged wood. The lower level will house gallery spaces, while the floors above will provide full-floor commercial offices with generous floor-to-ceiling heights. The setback of the upper two floors allow for a spacious landscaped terrace with views of the Hudson River.

More on the project right this way

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