A 24-story tower that will hold apartments and ground-floor shops is rising at the corner of Fifth and Olive streets, across the street from Pershing Square.
When completed in February 2019, it will hold 347 apartments, street-level stores and restaurants, and two levels of underground parking. Residents of the tower, developed by MacFarlane Partners, will have access to amenities including a rooftop terrace and a pool.
For now, the project’s concrete decks and vertical columns have been poured up to six stories, according to Suffolk Construction.
The project, the second piece of a long-awaited development called Park Fifth, began construction in March 2017.
The Ankrom Moisan Architects-designed Park Fifth project has another component on the same block, along Hill Street—a seven-story mixed-user that broke ground in August 2016. Together, both buildings in Park Fifth will bring 660 new apartments to Downtown.
Park Fifth was originally proposed in 2007 as a 76-story tower, but was delayed by the recession.