June 19, 2020
Silverback Development is reportedly partnering with Hong Kong-based Hopson Development Holdings, to build a $250-million residential condominium tower in Midtown Manhattan. Located at 131 E. 47th St., the 200-unit tower, designed by Ismael Leyva Architects, will offer approximately 5,000 square feet of retail at its base.
“It is an honor to develop a project of this caliber and we are uniquely positioned with on-the-ground expertise to create an exceptional offering,” said Silverback managing principal Josh Schuster. “It’s also a real testament to our abilities and our commitment to delivering best-in-class properties, even during this COVID pandemic.”
Previous structures on the development site were demolished three years ago. Construction of the new tower is slated to begin midsummer, with completion expected in 2022. Silverback was tapped as the development partner for this project following an extensive, months-long RFP process
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