$320.7M condo plan submitted in Midtown East

On September 23, a condominium plan was submitted for 191 residential units and one commercial unit at 131-141 East 47th Street in Midtown East with a sellout of $320.7 million. Hopson Development Holdings and Silverback Development are behind the project.

Plans for the project were originally disclosed in early 2015, with the property’s previous developer, New Empire Real Estate, planning a large tower at the site.

However, after years went by with little to no progress at the site, Hopson Development Holdings purchased the site for $115 million in December 2019. The developer then brought Silverback on, according to a press release from their website.

Yimby revealed updated renderings for the project following the change in developers.

The condo plan, CD210269, has a sellout price of $320,718,000 with the New York State Attorney General. Chaolun Zhu is listed as the managing director and F. Scott Shea is listed as general council.

According to the most recent plans in the virtual jobs folder attached to the original plans, the 35-story building will stand 435-feet tall.

The original Schedule A for the old plans showed the building will have several amenities, such as a kid’s room, lounge, recreational space, game lounge, and fitness room. It is unclear how much of that will change.