Work is nearing full completion on 520 Fifth Avenue, an 88-story mixed-use supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, the 1,002-foot-tall structure spans 415,000 square feet and yields 100 condominium units and 25 floors of boutique office space. The project will also include ground-floor retail. The property is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.
Nearly all of the remaining terracotta panels have been installed on the podium levels of the skyscraper since our last update in late December, when work on the upper stories recently concluded following the removal of the construction hoist. Only one of the double-height arches at the base of the southern elevation has yet to be completed, along with the formation of new sidewalks outside the property. YIMBY expects all finishing touches to wrap up by the end of summer.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
The building features three separate entrances along East 43rd Street for the residential and office lobbies and the Moss private member’s club. The arched portals lead to a vaulted arcade above the entry doors.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
520 Fifth Avenue. Photo by Michael Young.
The below rendering previews the completed look of the entrances.
Rendering courtesy of Binyan Studios.
520 Fifth Avenue. Rendering courtesy of Binyan Studios
Units begin on the 42nd floor and range from one- to four-bedroom layouts with interiors by Charles & Co. Homes feature ceiling spans between 10 to 14 feet and are lined with wide-plank white oak floors. Kitchens come with brand-name appliances, ribbed walnut islands, white lacquer cabinetry, and luminous quartzite slab countertops and backsplashes. Baths are fitted with custom vanities with marble countertops, herringbone marble flooring, and polished nickel fixtures by Waterworks. The penthouse residences offer full-floor layouts with 360-degree views of the city. Corcoran Sunshine Marketing Group is managing sales and marketing.
The 88th floor houses The Penthouse 88, a residents-only amenity floor with a solarium, lounge, dining room, billiards table, library, game room, and panoramic views of the skyline.
The 25 office levels feature column-free layouts with ceiling spans of over 12 feet, arched 10-foot-square operable windows, dedicated tenant-controlled HVAC systems, and landscaped private terraces or loggias on most levels. Floor plates range from 6,800 to 12,300 square feet. JLL is handling leasing and marketing for the commercial space. Office tenants will also have access to 520 Fifth Avenue’s fitness, spa, dining, social spaces, and hospitality offerings.
As of last December, nearly 37,000 square feet of boutique office space was leased at 520 Fifth Avenue. New York-based private equity firm Ancient signed on for 8,682 square feet on the 14th floor, while global investment bank JAB will occupy 11,634 square feet on the 11th floor. A biotech hedge fund agreed to lease nearly 6,800 square feet on the 23rd floor, and Texas Capital signed a lease for 6,697 square feet for the 28th floor.
The nearest subways from the development are the B, D, F, M, and 7 trains at the 42nd Street–Bryant Park/Fifth Avenue station. The property is also in close proximity to the Grand Central–42nd Street station, served by the 4, 5, 6, 7, and Shuttle trains, as well as Metro-North and Long Island Rail Road trains at Grand Central Terminal and Grand Central Madison.
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