Published On: Tue, Feb 24th, 2015

Work Begins on Michael Shvo’s Giant Manhattan Residential Tower

The property will be the largest residential skyscraper in Manhattan

125 Greenwich Street,   image from Shvo-Bizzi & Partners-Vinoly

Not long ago, there were renderings of what is expected to be Michael Shvo’s huge glass skyscraper, and now the work begins, according to NYCurbed.com. The much-talked about 125 Greenwich Street property appears to be “tall, slim and a completely unembellished glass rectangle, ” according to Curbed.

The square glass tower, which is being developed in partnership with David Bizzi’s Bizzi & Partners, will reach 1, 356 feet in height over 77 stories and will have 128 units. That will make it downtown Manhattan’s tallest residential skyscraper, close in height to the One World Trade Center which measures 1, 776 feet. It will actually be only 12 feet below the height of 1WTC’s roof, but that building also has a tall antenna on top of it. The tower’s lower levels will be reserved for retail spaces.

Michael Shvo arrived from Arsuf, Israel to New York city with only $3, 000 to his name, and managed a fleet of taxis before his first big break in real estate. Since then Shvo real estate, with offices in New York, Dubai and London is known for its high-end posh buildings. When Shvo isn’t involved in real estate investments, he is a promoter of the arts. Famously, he purchased the Getty gas station in Chelsea and transformed it into a public art space.

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