Demolition Permits Filed for 686 Lexington Avenue in Midtown East

686 Lexington Avenue in Midtown East686 Lexington Avenue via Google Maps

Full demolition permits have been filed for 686 Lexington Avenue and 126 East 57th Street in Midtown East. According to the filings, the two abuting sites are owned by MRR Development, a partnership between Rotem Rosen, Anand Mahindra, and Zahi Hagag. Under the MRR 1326 LLC, the firm also owns the vacant land on the northwest corner of East 56th Street and Lexington Avenue. 126 East 57th Street is a five-story mixed-use building built in 1920 on a 1,665-square-foot lot with six residential units and two commercial units on the ground floor and 686 Lexington Avenue is a five-story office building built in 1922 on a 3,000-square-foot lot.

Plans have yet to be confirmed for the 175,000-square-foot site made up of 13 parcels with frontage on Lexington Avenue and both East 56th and East 57th Streets. There is speculation that ODA Architecture will be responsible for designs with some renderings revealed on architect Eran Chen’s Instagram earlier this year. According to those images, the specs for the development calls for 140,000 to 142,000 square feet of residential condominium space, approximately 5,000 square feet of commercial space, likely in the form of ground-floor retail, and 5,000 to 6,000 square feet of outdoor space. With a floor count of 27 to 31 floors, the building would rise 345 feet high.

ODA renderings of 139 East 56th Street

Renderings of 139 East 56th Street via ODA Architecture

The site is two blocks south of the 59 Street-Lexington Avenue subway station, serviced by the N, R, and W trains and four blocks north of the Lexington Avenue-53rd Street station, serviced by the E and M trains.

Ancora Engineering is listed as the applicant of record.

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12 Comments on "Demolition Permits Filed for 686 Lexington Avenue in Midtown East"

  1. Those renderings…
    😠

  2. I believe the 4,5 and 6 trains also stop at 59th and Lex. (sigh)

  3. I dubb thee…
    “The White Cliffs of Lex!”

  4. Another Failing Rotem Rosen project. He very consistent failure. Zina Sapir money was used for project. Mahindra want out.

    continued failing career in the real estate industry

    Rotem Rosen was forced to leave the employ of his then employer, Africa Israel USA, where he departed under suspicious circumstances. In 2009, after a brief stint at HFZ Capital, Rosen was terminated from there as well.

  5. The Renderings are just for show.LOCATION IS A JOKE ON LEX. $1,000 BET IT WILL NEVER START.

  6. The only one that’s tolerable, although a poor design, is rendering no. 3 on the right.

  7. glenn stancroff | August 1, 2020 at 1:44 pm | Reply

    Aren’t we talking about the northwest corner of Lexington and East 56?

  8. It’s ridiculous that the corner lot has been empty for 7 years.

  9. Can we just leave this an empty lot?

  10. They have the opportunity to build something great, but those renderings look like I created them in Microsoft paint last night.

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