What E11even NYC Is
E11even NYC is a supertall residential and hotel tower proposed for 111 West 57th Street in Manhattan, designed to combine ultra-luxury residences, hotel units, and retail space in a single mixed-use structure. The project is being developed by a joint venture between real estate firm JDS Development Group and property company Property Markets Group, with architecture led by Studio Munge and structural engineering by WSP Cantor Seinuk. The building is planned to rise over 1,400 feet, making it one of the tallest residential towers in the Western Hemisphere if completed as proposed.
The development sits in Midtown Manhattan's Billionaires' Row corridor, an area known for ultra-high-value residential projects targeting global ultra-high-net-worth buyers. E11even NYC is positioned as a direct competitor to other supertall luxury towers in the area, such as 432 Park Avenue and One57, and is marketed with amenities including a private hotel component, rooftop amenities, and concierge services aimed at residents who want a hotel-style living experience in a single address.
Who Is Behind E11even NYC
The project is led by Michael Stern of JDS Development Group, a New York-based real estate developer known for high-rise residential projects in Manhattan and Miami, and Kevin Maloney of Property Markets Group, a firm that has co-developed several luxury towers in New York City and South Florida. The development team has a track record of delivering supertall residential buildings, including 111 West 57th Street's earlier phases and other luxury projects in the New York metropolitan area.
Financing for the project has involved a mix of equity and debt from institutional lenders and private investors, with the developers leveraging their experience in securing construction financing for large-scale luxury towers in a competitive market. The project's backers have sought to differentiate E11even NYC through a combination of design, height, and amenities, positioning it as a flagship development in the ultra-luxury segment of the New York real estate market.
Market Position and Current Status
E11even NYC is part of a broader trend of supertall luxury residential development in Manhattan, where developers have pursued record-breaking heights and pricing to attract global buyers, a dynamic described in recent coverage of the ultra-luxury real estate market by Forbes. The project's pricing has been reported to target the highest end of the New York residential market, with units priced in the tens of millions of dollars, reflecting the premium placed on height, views, and amenities in the Billionaires' Row segment.
The development has progressed through planning and approval stages, with construction timelines subject to market conditions and financing arrangements typical of large-scale luxury projects in New York City. E11even NYC's positioning as a mixed-use tower with residential and hotel components reflects a strategy to create a self-contained luxury environment, and its progress can be tracked through public filings and developer announcements, including updates shared on the JDS Development Group website.
Key Facts About E11even NYC
Location and Height
The tower is proposed for 111 West 57th Street in Midtown Manhattan, a site that has been the focus of several supertall projects. The planned height of over 1,400 feet places E11even NYC among the tallest residential towers in the United States.
Developer and Design Team
JDS Development Group and Property Markets Group are the primary developers, with Studio Munge handling architecture and WSP Cantor Seinuk providing structural engineering. The team has experience delivering complex supertall projects in New York City.
Market Context
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