Silverback plans $250 million condo tower in midtown Manhattan

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Silverback Development has unveiled plans to build a $250 million condo building in midtown Manhattan.

Located at 131 E. 47th St., the 200-unit building will rise 500 feet and will have 5,000 sq. ft. of ground-floor retail space.

Silverback will develop the project in partnership with Hong Kong-based Hopson Development Holdings, which acquired the building site from New Empire Real Estate Development late last year.

Construction is set to begin in August of this year, with completion expected in 2022. The project is designed by Ismael Leyva Architects.

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