New York City is full of amazing stories of transformation. Many neighborhoods are dramatically different from the way they were 100 years ago. That’s certainly true of Midtown East, the area around Grand Central Terminal, and it is on the cusp of a new era of transformation. Various city agencies are managing that transformation, which included a rezoning plan abandoned in 2013. It also includes preservation. That’s where the Landmarks Preservation Commission comes into play.
Hines and Welltower Inc. are planning a 15-story senior-housing facility at 139 East 56th Street, located at the corner of Lexington Avenue in Midtown East. The duo recently acquired the site, which is currently occupied by a two-story, 7,000-square-foot commercial building, for an undisclosed amount, according to Bloomberg. The planned structure would feature assisted-living units and memory car services, although the number of units plan is not currently known. The existing building will be demolished, although a TGI Fridays restaurant must first vacant the premises.
Manhattan-based developer Gary Vinbaytel, doing business as an anonymous LLC, has filed applications for a six-story, five-unit residential building at 245 East 53rd Street, in Midtown East. The structure will measure 12,484 square, which means the residential units should average a spacious 1,995 square feet apiece, indicative of condominiums. The first unit will span part of the cellar level and the ground and second floors, followed by a full-floor apartments on floors three through five. The sixth floor and an upper penthouse level will contain the final unit. Roman Sorokko’s Little Neck, Queens-based Versatile Engineering is the applicant of record. The 25-foot-wide, 2,510-square-foot lot is vacant.
One of New York City’s most magnificent public spaces will be getting some upgrades. On Tuesday, the Landmarks Preservation Commission approved changes to the atrium of the Ford Foundation Building at 320 East 43rd Street.
We’ve been telling you about plans for a 49-story, 122-unit residential tower at 131 East 47th Street, between Lexington and Third avenues in Midtown East, since mid-2015. Last month, those plans were officially filed with the Department of Buildings. Now, we have a new look at the project.
Park Avenue is about to get its first new office tower in decades as the 1957 office tower at 425 Park Avenue (catty corner to Rafael Viñoly’s 1,396-foot-tall 432 Park Avenue), once the pinnacle of modernity, is being reinvented for the 21st century via a partial demolition and a dramatic, 893-foot-tall restructuring by developer L&L Holdings and architects at Foster + Partners.