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Demolition, Excavation Continue For Extell’s Potential Supertall At 570 Fifth Avenue In Midtown, Manhattan

Demolition is progressing at 570 Fifth Avenue, the site of a potential supertall skyscraper in Midtown, Manhattan. Developed by Extell, the tower could reach an architectural height of 1,100 feet tall with 78 stories in a 1,462,174-square-foot mixed-use hotel and residential scheme. As an office tower, the building would stand 860 feet tall with 47 stories and 1,543,759 square feet. 46/47 Owner LLC is the owner and ALBA Services is the general contractor for the property, which is located at the corner of West 46th Street and Fifth Avenue.

At the time of our last update in early March, demolition work was just beginning on the two old structures at 2-8 West 47th Street and 10 West 47th Street. Since then, several floors have been removed from both, and scaffolding and an additional exterior elevator have been added to aid in their razing.

Excavators have piled a large amount of dirt along the border of Fifth Avenue, while more machinery has arrived on site.

It was reported that foundation work is expected to last roughly 12 months, followed by superstructure and exterior construction taking 28 months with a three-month overlap with the initial below-grade work, and then interior work, also lasting 28 months with an overlap of 11 months with the previous stage in construction.

570 Fifth Avenue’s completion is estimated for around the end of 2027 to early 2028, based on the schedule above.

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NYY