There is more drama at 111 West 57th Street, JDS and Property Markets Group's skinny SHoP Architects-designed supertall which is now rising on Billionaires' Row. Corcoran Sunshine Marketing Group, who was originally hired as the firm to lead pre-construction sales, has now sued the development team for breach of contract. Corcoran Sunshine Marketing Group is seeking $30 million in damages, alleging that PMG blocked Corcoran's attempts to market the property, never releasing listings publicly, cut sales teams, cancelled launch events and terminated PR and creative relationships. JDS and PMG terminated their agreement with Corcoran in May 2018 and have since pegged Douglas Elliman Development Marketing and a team led by Amy Williamson, who is formerly of Corcoran, to lead sales at the tower.
JDS and PMG have dealt with other lawsuits during the 111 West 57th Street's development including with the Greenwich, CT-based AmBase, one of the original investors in the project who sued the developers over a foreclosure proceeding that resulted from missed capital calls before being resolved in late 2017.
When complete 111 West 57th Street will rise 1,428' and will be among the tallest towers in the NYC and the most slender skyscraper in the world. The tower will feature 60 full floor and duplex apartments with 360-degree views and unparalleled views of Central Park, priced from $16 million. SHoP's design for the building form multiplies the set-back to present a feathered profile. The terra-cotta facades and bronze filigree aim to bring back the quality, materiality and details of historic New York towers, while taking advantage of the latest technology to push the limits of engineering and fabrication. Complete is expected for 2019.
