New York, N.Y. (December 12, 2022) – National Real Estate Advisors, LLC (National) and Taconic Partners, along with Triton Construction and hundreds of women and men from the building trades, celebrate 312 West 43rd Street’s topping out, the ceremonial marking of completing vertical construction.
The 367,000-square-foot, mixed-use development project is located at the vibrant confluence of Times Square and Hell’s Kitchen. Designed by Handel Architects, the 33-story building will contain 330 rental apartments accessed via a distinct 43rd Street entrance, and approximately 42,000 square feet of prominently positioned retail spread across two floors on West 42nd and West 43rd Streets.
“Our experience in this market, paired with the expertise and vision of the Taconic team, should create one of the highest-quality living options in the burgeoning Midtown West,” stated Jeffrey Kanne, president and CEO of National. “We are proud of the hundreds of jobs this project is creating within the community and would like to thank our experienced and steadfast labor partners for their dedication.”
The property will be further enhanced with over 28,000 square feet of indoor and outdoor wellness-centric tenant amenities, including a rooftop pool and landscaped outdoor space accessible by residents across multiple floors. The building has also been uniquely engineered to provide filtered outside air to all residences and common spaces. Situated amidst an abundance of restaurants, entertainment and retail offerings, the site is adjacent to 12 subway lines with direct access to Grand Central Terminal, Hudson Yards, The Port Authority and Penn Station.
“312 West 43rd Street was thoughtfully designed to bring its residents an unparalleled combination of bespoke homes, contemporary amenities and convenient proximity to commercial office centers and mass transportation hubs,” said Colleen Wenke, president and chief operating officer of Taconic Partners. “We’re excited to celebrate this topping out milestone alongside our partners, and are now one step closer to bringing one of the city’s most celebrated neighborhoods its next iconic residential and retail destination.”
Taconic and National leased the ground rights for 99 years from the respected 1199SIEU Health Care Workers Union for the redevelopment of the site, which is expected to be completed in Fall 2024.