Developer Douglas Durst has announced plans for the construction of a mixed-use scheme in New York, US.

The firm is negotiating with Pelli Clarke Pelli Architects to design the glass façade of the 46,451m² building.

The 40-storeyed building is expected to cost $350m.

The building is slated to have 27,890m² of apartments with the remaining area dedicated to retail or hotel premises, according to the Wall Street Journal.