Plans for a thirteen-story mixed-use building were first floated in 2016 at 501 Third Avenue, on the 34th Street border between Kips Bay and Murray Hill. While the site has since sat idle, this appears to be changing up. Demolition permits have now been filed for two buildings, at 499 Third Avenue and 501 Third Avenue. Xin Xu of China Overseas Land & Investments Co filed the documents.
New building permits were filed under Extell in July 2016, proposing at 13-story 57,900 square foot structure with residential and commercial space. The building was to be designed by DJ Associates Architect.