As construction begins to make headway on new residential towers at 15 East 30th Street and 277 Fifth Avenue, just to the south, an actual supertall is in the works at 262 Fifth Avenue. Applications for the site were filed back in September of 2016, before it got a slight height boost to 1,001 feet. Now, demolition is complete on the site’s old occupant.
262 Fifth Demo, photo by JC_Heights
Boris Kuzinez of Five Points Development is the developer, and as YIMBY previously reported, he acquired the three adjacent properties spanning 260, 262, and 264 Fifth Avenue for a total of $101.8 million, and then spent another $5.8 million on air rights available on the block. The 54-story building will have 139,168 square feet of residential space divided amongst 41 condominiums, and there will also be 10,850 square feet of retail on the first two floors.
262 + 264 Fifth Demo, photo by JC_Heights
While 264 Fifth Avenue and 262 Fifth have now been demolished, 260 Fifth Avenue will have their exteriors incorporated into the base of the new project, in a move similar to what’s being done at 111 West 57th Street.
Though the ultra-contemporary design for the tower portion has been met with some criticism, 262 Fifth Avenue will do a substantially better job of integrating into the surrounding fabric than projects like the Collegiate Church redevelopment, which resulted in the demolition of the very attractive Bancroft Bank Building on West 29th Street.
262 Fifth Avenue Model, image by Meganom
In any case, with demolition work now complete, excavation can begin. 262 Fifth Avenue’s developer has not yet announced a tentative completion date.
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Do you like pencil designed, loved? (Me like it very much or more)
From what direction is that model view from? Is the demolition photo at the corner of 28th Street or 29th Street?
Do you know that people around the world are reading your blog? And most of us don’t know how to measure skyscrapers’ high in feet. Could you pleased translate it to meters? I know it makes you feel different but don’t you think that is time to forget inches, gallons and feets. Kind regards
When in Rome…. ? When on an American site……
Sure, the US should probably have gone over to the metric system back when Carter proposed it in the early 1980s. But here we are. American exceptionalism — take the bad with the good?