Here is where the block is at as we approach 2009, IF all these realtors survive the financial crunch:
Mid-December there were all kinds of emergency vehicles when the restaurant extension at 245 West 54th was accidentally penetrated during demolition next door. I hear that about ten buckets of cement were poured through the wall before they caught it, and the restaurant, and demolition, closed for 24 hours.
If you want to see what the 55th Street lobby is projected to look like, you'll find three sketches at
http://www.loopnet.com/property/1576...t-55th-Street/.
At the NW corner of 54th Street and Broadway, Harry Gross has cleared the building of tenants where he is set to construct a boutique hotel for Marriott. This is in spite of hotel construction being postponed citywide in the economic crunch, so one can safely assume the financing is solid, and he is probably waiting on the clearance of air rights.
This will leave the old buildings occupying 237 - 245 West 54th Street, owned by the Moinian Group (CHAI LLC), standing, until at least this recession is over.