The Bryant: 16 West 40th Street

Standing 34-stories high, The Bryant is David Chipperfied's vision of an inventive collection of residences offering a high, contemporary living. These 1 to 4 bedroom residences overlook Bryant Park and are listed from $2.5MM. The 57 residences in offer range from luxurious 1 bedroom to triplex penthouses. The neighborhood houses premium centers such as Bloomingdale's, Chanel, and Blue Bottle Coffee as well as Fifth Avenue shopping.

The floor-to-ceiling windows offer breathtaking views of Manhattan while the warm-toned herringbone floors give the rooms a sense of warmth and comfort like no other. Kitchens and baths exhibit handpicked Italian marble and premium fittings. The exclusive amenities include a doorman, elevator, bike room, concierge, gym, cold storage, and a pet-friendly environment.

CITY REALTY ARTICLE

This handsome, 34-story mixed-use tower at 16 West 40th Street was erected in 2017 by the HFZ Capital Group of which Ziel Feldman is a principal. 

Mr. Feldman’s other Manhattan projects include several of the city’s most attractive pre-war residential buildings such as the Belnord at 225 West 86th Street, the Marquand at 11 East 68th Street, the Chatsworth at 340 West 72nd Street and the Astor at 235 West 75th Street.

The building, which is known as The Bryant, was designed by David Chipperfield Architects and was a long vacant site on one of the city’s most impressive blocks.

Mr. Chipperfield’s other projects include the lovely pancaked America’s Cup building in Valencia, Spain, for the 2007 yacht race, the Figge Art Museum in Davenport, Iowa, and the BBC Scotland building at Pacific Quay in Glasgow.

With Julian Harrap Architects, Mr. Chipperfield restored in 2009 the World War II ruins of the Egyptian Museum and the Museum of Pre- and Early History on Spree Island that was originally designed by Fredrick August Stueler to extend the Altes Museum designed by Stueler’s teacher, Karl Fredrich Schinkel on Museum Island in East Berlin.

Stonehill & Taylor are the architects of record for The Bryant.

It is across from 40th Street from an entrance to Bryant Park behind the New York Public Library.

It will have 57 condominium apartments on floors 16 through 34 and 215 hotel rooms on floors 2 through 15.

HFZ purchased the site in 2010 for about $46 million out of foreclosure and some of its partners in 2013 sold their stakes for $83 million, according to an article by Adam Pincus in the February 4, 2014 edition of therealdeal.com.

The article said that the project’s financing included a large amount of funds from foreign investors seeking permanent residency through a minimum investment of $500,000 through the U.S. Citizenship & Immigration Services’ EB-5 program and that HFZ received $52.5 million of the total project cost of $252.8 million through the EB-5 program.

“About $143 million of the remaining funding will come from bank financing,” the article continued, “while developers will put in $57.4 million in equity, according to a Florida company called the US Immigration Fund.”

The Starwood Capital Group had announced in 2007 that it intended to open a “1” Hotel in a tower planned for the site that had been designed by Morris Adjmi, but when that project collapsed the site was sold to the Feldman Group.

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