Permits have been filed for a 21-story residential building at 14-16 Fifth Avenue in Greenwich Village, Manhattan. Located between East 8th Street and East 9th Street, the lot is one block north of Washington Square Park and a short walk to the 8th Street subway station, serviced by the R and W trains. Madison Realty Capital is listed as the owner behind the applications, purchasing the mixed-use property in 2015 from City Urban Realty for $27.5 million.
14 Fifth Avenue
The blocks of Greenwich Village are perhaps the most difficult spot for new development in all of New York City, but according to a tipster, that hasn’t gotten in the way of Madison Realty Capital’s plans to put a new tower at 14 Fifth Avenue, between West 8th and West 9th Streets. Plans have been created for the site by Robert A.M. Stern Architects, and while they have yet to receive approval from the Landmarks Preservation Commission, the new building would be both prominent, and attractive.