YIMBY checked in recently at 520 Fifth Avenue, the site of a planned 920-foot-tall skyscraper that takes the number 13 spot on our countdown of the tallest projects in progress in New York City. Located in Midtown at the corner of Fifth Avenue and West 43rd Street, the plot sits cleared for construction, which YIMBY expects will commence sometime in 2020. YIMBY last reported that Handel Architects is designing and Arthur Hooper of Ceruzzi Properties is developing the project in conjunction with SMI USA. Ceruzzi purchased the property in 2015 for $275 million from Thor Equities.
520 Fifth Avenue
Set to rise at the northern corner of Fifth Avenue and West 43rd Street, 520 Fifth Avenue is likely to be the first skyscraper along Fifth Avenue to top the 900-foot mark. The project will rise in the heart of Midtown, one street away from the eastern end of Bryant Park. The glass-enclosed tower will have 76 floors and stand 920 feet to its pinnacle. Handel Architects is the architect, and Arthur Hooper of Ceruzzi Properties will be developing in conjunction with SMI USA.
Back at the end of 2014, YIMBY reported on the first permits for Ceruzzi Properties’ new tower at 520 Fifth Avenue, on the corner of West 43rd Street. The building will rise 71 floors and 920 feet to its roof, with a design by Handel Architects that YIMBY can now reveal thanks to eagle-eyed Forum user YIM_Hudson.
In June, Ceruzzi Properties was reportedly in contract to purchase 520 Fifth Avenue, on East 43rd Street, and now the developer has closed on the $325 million site, according to Commercial Observer. Shanghai Municipal Investment’s U.S. arm is partnering with Ceruzzi, and the team is planning to follow through with applications filed back in 2014, which call for a 71-story mixed-use tower.
Last December, Thor Equities filed applications for a 71-story, nearly 353,600 square-foot mixed-use tower at 520 5th Avenue, in Midtown, and now Ceruzzi Properties has agreed to acquire the site for $325 million, according to Commercial Observer. The new owner plans to proceed with previous plans, which will feature three stories of retail, followed by 208 hotel rooms up to the 24th floor, and 145 residential units in the upper reaches of the tower.