Structural steel for the $3.2 billion tower has risen to the 48th floor and will continue going up at the rate of one floor per week, Coleman said. Soon, the facade will be following behind at the same rate, he said.

When the building is complete, it will stand tallest in the city.

Steven Carter, 58, a pedestrian manager who has been posted on Vesey Street near the site for the past two months, said Monday that the visible progress was encouraging.

“The way it’s going, it’s gonna look beautiful,” said Carter, a Queens resident. “It’s gonna look fabulous.”