Though it appears that demolition preparations have been put on hold for Tower Fifth, a proposed 1,556-foot-tall office skyscraper by Macklowe Properties, a new batch of renderings offers greater detail on the structure, which would become New York City’s tallest by roof height. Gensler is speculated to be the designer of the supertall project, which is located along East 51st Street between Madison Avenue and Fifth Avenue, directly to the north of St. Patrick’s Cathedral.
The residential conversion and retail addition at One Wall Street continues to take shape in the Financial District. Designed by SLCE Architects and developed by Macklowe Properties, the projected $1.5 billion undertaking is the largest office-to-condominium conversion in New York City history. In addition to the creation of 566 residential units with sales handled and marketed by CORE, the project will also add a 44,000-square-foot Whole Foods Market and a Life Time fitness center to the lower levels of the building.
Demolition preparations appear to have begun for Tower Fifth, a proposed 1,556-foot-tall office skyscraper by Macklowe Properties. Located along East 51st Street between Madison Avenue and Fifth Avenue, and directly to the north of St. Patrick’s Cathedral, the 96-story supertall would be the tallest structure by roof height in the city, eclipsing Extell‘s Central Park Tower by six feet. YIMBY last reported that the project team had successfully negotiated a $192 million refinancing package from Fortress Investment Group. The $1 billion development is planned to span two plots of land, 5 East 51st Street and 12 East 52nd Street.
Macklowe Properties recently negotiated a refinancing package to the tune of $192 million for Harry Macklowe’s three Midtown parcels. Two of the lots, 5 East 51st Street and 12 East 52nd Street, could be the home of Tower Fifth, a 1,556-foot-tall office tower and New York City’s future tallest building by roof height. The refinancing from Fortress Investment Group also includes the 17 East 47th Street site and a new $50 million mortgage replacing a $124 million loan.
In the midst of the largest office-to-condo conversion in New York City history at One Wall Street, its famous Red Room is undergoing a 16-month-long renovation. Designed in 1931 by renowned muralist Hildreth Meière, the former banking hall’s walls and ceilings are lined with 8,911 square feet of oxblood, orange, and gold glass tile mosaic, some of which has become damaged over the years. The Red Room will likely serve as retail space when the building reopens, which is expected to be in 2021. Macklowe Properties is the developer of the $1.5 billion Financial District conversion and expansion. CORE is handling sales and marketing of the planned 566 housing units in the rest of the Ralph Walker-designed skyscraper. SLCE Architects is serving as the architect of record.