Plans have been announced for an 18-story residential building at 335–339 Fifth Avenue in Midtown, Manhattan. Developed in a joint venture between Slate Property Group and Pi Capital Partners, the structure will span roughly 89,000 square feet and yield approximately 95 rental units. The project will also include ground-floor retail space. Twenty percent of the units are planned to be dedicated to affordable housing under New York’s 485-x tax abatement program. The property is located at the corner of Fifth Avenue and East 33rd Street, directly across from the Empire State Building.
Pi Capital Partners previously planned to construct a 21-story tower designed by Raymond Chan Architect PC at the site. The rendering below from 2021 depicts the building beginning with a diagrid-pleated podium with landscaped terraces atop the setbacks at the third and fourth stories, followed by a straightforward tower with a glass curtain wall.
No new renderings have been revealed for the current 18-story iteration, and it is unclear whether Raymond Chan Architect PC will still be leading the design.
335 Fifth Avenue. Developed by Pi Capital Partners.
Units at 335–339 Fifth Avenue will come in studio to two-bedroom layouts. There will also be a full suite of amenities. The property, currently a vacant lot, has been owned by the Pi family since 1997.
“As Manhattan’s housing shortage grows, Slate Property Group is leveraging decades of development expertise to deliver exceptional Class A multifamily residences,” said Martin Nussbaum, co-founder and principal of Slate Property Group. “Every aspect of this project, from architectural design to interior finishes, is being thoughtfully crafted to create a superior living experience. We look forward to owning and operating this property long-term with our outstanding partners at Pi Capital.”
The closest subways from the development site are the B, D, F, M, N, Q, R, and W trains at 34th Street–Herald Square station.
Construction is expected to begin in mid-to-late 2026.
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So what this article doesn’t mention is the exact street it’s located on when writing an article about real estate development. It’s good to put the location on the street number. This is the basics of writing an article.
It is 33rd street just so the readers know
I did some simple calculations of the lot size, planned square footage and floors and it comes out to be a streetwall to streetwall filling building, unlike the horrible earlier planned building shown in the rendering. So no matter who the architect will be at least it likely won’t be a incompetent abomination like they almost built a few years ago.
Thankfully! Why would you ever design something that leaves blank walls primed for graffiti?!
3rd Avenue facade of Hillrose28 has entered the chat
An absolute gem was torn down here. There’s no reason the new building couldn’t have a similar base to what was there. A glass box is not what this stretch of prewar buildings deserve. Let’s hope the architect and developer will do what’s right this time.
Was that Demarest? If so, wanton destruction
It was—worth a Google search—would have made a cool podium
Had the building at 335 Fifth Avenue NOT been altered multiple times, the Landmarks Commission would have prevailed in this preservation. Agreed, it was a beautiful building. When owners and tenants start to “touch up” exteriors all too often those band-aids diminish and destroy any possibility of preservation.