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by By Kaylee Hultgren | October 07, 2009

New York City-based developer The Related Cos. announced last week it will resume construction on a 1.2 million-square-foot mixed-use development in Midtown Manhattan, which had been put on hold when it faced financing issues late last year. Features of the project include a 59-story tower spanning an entire city block, at West 42nd Street between 10th and Dyer avenues. The tower will include a hotel, apartments and several theaters for nonprofit groups, to be designed by Frank Gehry. Work on the tower will begin shortly, and the project will open sometime in 2011.