Demolition preparations appear to have begun for Tower Fifth, a proposed 1,556-foot-tall office skyscraper by Macklowe Properties. Located along East 51st Street between Madison Avenue and Fifth Avenue, and directly to the north of St. Patrick’s Cathedral, the 96-story supertall would be the tallest structure by roof height in the city, eclipsing Extell‘s Central Park Tower by six feet. YIMBY last reported that the project team had successfully negotiated a $192 million refinancing package from Fortress Investment Group. The $1 billion development is planned to span two plots of land, 5 East 51st Street and 12 East 52nd Street.
Tectonic recently stopped by the site, where it appears as though all the buildings slated for demolition are vacant and preparing to be gutted. The three low-rise buildings’ doors are boarded up and their storefronts sit closed and empty. A shipping container and metal carts to haul away debris and scraps sit along the curb on East 51st Street.
Tower Fifth would become the third-tallest office tower in New York by floor count, surpassed only by the 102 stories of Empire State Building and the 104 floors of One World Trade Center. The main rendering shown above was released early last year and depicts the potential height and form of the structure against the Midtown skyline. Whether or not this is the final iteration, a tower of this scope will dramatically alter the Midtown skyline between the Empire State Building and Billionaires’ Row.
An expected start or completion date for Tower Fifth have not been announced.