RXR and TF Cornerstone have filed to demolish a Midtown Manhattan hotel to make way for a new supertall tower, The Real Deal reported in its weekly roundup of the city's top construction permits.
The filing is a demolition application, not a building permit — the record The Real Deal cites shows the two firms moving to clear a site, which is the step that precedes a new building application, not the step that gets a crane in the air. The Real Deal's report did not name the hotel, give an address, state a height, unit count or square footage, or name a general contractor.
RXR and TF Cornerstone are both major Manhattan developers with long track records on large-scale office and residential towers; a joint filing between the two signals a project with real capital behind it, but a demolition permit by itself commits nothing more than the teardown. New building applications, environmental review and site plan approval — all of which produce their own public filings — would need to follow before anyone could call this a tower under construction.
Midtown's office-to-residential conversion wave and the broader supertall construction pipeline have both been active this year, and a new ground-up tower taking a hotel site out of inventory would add to that count once (and if) the project clears city review.
What to do next
Site demolition contractors and excavation subs working Midtown should watch the NYC Department of Buildings portal for the specific address once it surfaces — The Real Deal's report did not include it, and a demolition filing at this stage means site clearing could be the first trade package out. GCs and structural steel suppliers have no package to chase yet; a supertall this early in the filing process is a lead to track, not a bid to prepare for.