Extell Plans a 13-Story Building at 501 Third Avenue

499 and 501 Third Avenue in June 2016. image via Google Maps499 and 501 Third Avenue in June 2016. image via Google Maps

Extell Development has filed plans for a 13-story, mixed-use development at 501 Third Avenue, at the corner of 34th Street on the border between Kips Bay and Murray Hill.

The Gary Barnett-led firm hopes to build 32 apartments and 5,600 square feet of retail there, around the corner from the approach to the Queens Midtown Tunnel. Those 32 apartments would be spread across 52,335 square feet of residential space, for an average unit of 1,635 square feet. Condos seem likely, given the size of the units and the prime location. Grand Central Terminal is a 15-minute walk away, and the 33rd Street stop on the 6 train is only two blocks from the site.

Apartments would begin on the second floor, with three units, followed by two units on each of the third through 12th floors and a full-floor penthouse on the 13th story. The building would have a typical list of amenities, including a pool, gym, and tenant storage in the cellar, along with a lounge and recreation center on the ground floor and a roof deck on the top floor.

The project would replace a pair of pre-war apartment buildings at 499 and 501 Third Avenue. The three- and six-story buildings house three restaurants on their ground floors – La Giara, Cinema34, and Blockheads. Employees at the first two businesses told DNAinfo last month that they were shutting their doors.

Extell purchased both buildings for $16 million in December and filed demolition plans in April.

Financial District-based DJ Associates Architect applied for the permits.

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TFC Horizon

1 Comment on "Extell Plans a 13-Story Building at 501 Third Avenue"

  1. A connection of progress that seems strong, link on plan and build structure as well.

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