Work is underway to prepare 685 Fifth Avenue for a 100,000-square-foot office-to-condominium conversion. The first batch of scaffolding has been assembled on the northern profile of the address, and a green scaffold board runs along the top of the retail section. The 20-story building will eventually be a 30-story building, with ten additional floors to be built atop the current roof parapet. The residential component will comprise 69 condos, to be managed by Mandarin Oriental Hotel Group. SHVO is the property developer and has partnered with BLG Holdings and Deutsche Financial to spend $135 million on the expansion and conversion of the property, which will stand 350 feet tall and rise 30 stories when complete. Marin was the architect of record and the design architect, with March & White handling the interior design. Brookfield Properties is in charge of marketing the Fifth Avenue retail space.
Work to prepare 270 Park Avenue for its demolition is continuing in Midtown East. Since YIMBY’s last update in late July, more scaffolding and netting have been installed on the lower section of the Modernist-style skyscraper. JPMorgan Chase is the developer of the project to tear down the 1.5-million-square-foot, 52-story tower and replace it with a 57-story supertall designed by Foster + Partners Architects, with Adamson Associates as the architect of record.
30 East 31st Street’s exterior work is inching closer to completion, as installation of the light-colored panels in between the windows on the bottom of the northern elevation is now underway. Located in NoMad between Park Avenue South and Madison Avenue, the 479-foot-tall residential tower is topped-out at 40 stories, and the crossed beams at the top of the podium will soon be encased with the newly arrived panels. The 88,000-square-foot project is designed by Morris Adjmi Architects and developed by Ekstein Development and Pinnacle Real Estate. Douglas Elliman Development is marketing the building’s 42 units, which will be spread across 70,070 square feet for an average of 1,700 square feet apiece. Prices will range from $1.65 to $12 million.
On September 19, Covenant House broke ground on its first supportive housing development in 47 years. Located at 460 West 41st Street in Midtown West, the 80,000-square-foot facility is designed by FXCollaborative. According to permits filed last year, the structure will stand 164 feet tall and contain 80,290 square feet, with 53,053 square feet dedicated to community facility space. The building should also comprise 60 units averaging approximately 884 square feet.
On Monday, YIMBY reported that One Vanderbilt’s crown is now structurally finished. Only two days later, the rest of the spire is almost complete for the 1,401-foot high supertall, designed by Kohn Pedersen Fox and developed by SL Green. Remaining sections for the 100-foot-tall spire have arrived on site, and were spotted on the eastern side of the property along Vanderbilt Avenue, as the initial components were lifted into place and installed atop the tower yesterday afternoon. Full completion of the spire is likely later today.