Silverback breaks ground for new midtown condo

Silverback Development recently broke ground on its new project at 131 East 47th Street with a traditional Chinese Feng Shui ceremonial blessing led by Master Pun-Yin, the building’s Feng Shui consultant. 

Master Pun-Yin is a revered practitioner who has worked on many notable projects in New York City, including the revitalization of Times Square and Columbus Circle in the 1990’s.

Located between Lexington and Third Avenue, the building will feature 191 apartments as well as approximately 2,700 s/f of commercial space at its base. Once complete, the 455 ft. tower will offer a variety of floorplans. Additionally, the project will incorporate state-of-the-art technology such as touchless features, UV lighting, and air purification and filtration, among other post-COVID-19 technological innovations.

Silverback Development is partnering with Chinese developer Hopson Development Holdings to build the luxury condo on the vacant site. Ismael Leyva Architects has designed the tower .

Announcing the partnership earlier this year, Schuster said, “The market in midtown Manhattan will see continued demand as it is at the epicenter of corporate headquarters, national landmarks, renowned cultural institutions and Michelin-starred eateries, in addition to east side access which will change the landscape.

“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. It’s also a real testament to our abilities and our commitment to delivering best-in-class properties, even during this COVID pandemic.”

  • PICTURED TOP: Shaun Osher, of CORE Real Estate, Master Pun-Yin, and Josh Schuster of Silverback Development.

About Us

Silverback Development is a forward-thinking real estate developer, owner and investor with a reputation for establishing solid partnerships and transforming properties into successful income producing and profitable assets.


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