51-Story Luxury Residential Tower at 281 Fifth Avenue to Break Ground by 2016

281 5th AvenuePre-demolition 281 5th Avenue, image via Google Maps

Lend Lease has purchased a stake at Victor Group’s planned residential development at 281 5th Avenue, in Midtown South, according to Crain’s Business. First brought to you by YIMBY last December, a 51-story, 140-unit mixed-use tower — to span 250,000 square feet and stand 750 feet — is planned for the 30th Street site. Although the size of Lend Lease’s stake is unknown, the project will total $400 million, and ground breaking is expected this year. Multiple existing low-rise structure must first be demolished, and the final design has not yet been revealed.

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1 Comment on "51-Story Luxury Residential Tower at 281 Fifth Avenue to Break Ground by 2016"

  1. 109 Madison St NYC
    Sold for $8 mil

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