53 Broadway Finally Rising

It’s been a long, slow road for 53 Broadway but it looks like the residential development is finally on track. The site sold to the original developer in 2005 for $6.9 million, who got as far as filing plans and starting to dig the foundation in 2008. But it’s only been in recent days that development has started to poke its head over the construction fence in the wake of an acquisition of the property for $9.9 million in February. As far as we know, the seven-story building is still supposed to look like this.
Two Burg Lots Sell, Including Long-Stalled 53 B’way [Brownstoner] GMAP