Michael Shvo

685 Fifth Avenue. Rendering via Marin Architects

685 Fifth Avenue Prepares For Residential Conversion and Addition in Midtown

Scaffolding and black netting shrouds nearly all of 685 Fifth Avenue in preparation for a 100,000-square-foot office-to-condominium conversion. The project will also add ten floors atop the existing 20-story structure, which sits at the corner of Fifth Avenue and 53rd Street. Developed by Michael Shvo’s SHVO in partnership with BLG Holdings and Deutsche Financial, the finished building will stand 350 feet tall and contain 69 condominiums managed by Mandarin Oriental Hotel Group. Marin is the architect of record and designer for the $135 million project with March & White handling the interior designs. Brookfield Properties is in charge of marketing the Fifth Avenue retail space, which is still home to the Coach, Stuart Weitzman, and Tag Heuer flagship stores.

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Rendering of Aman New York at the Crown Building

Historic Crown Building’s Transformation Into Aman New York Revealed in New Renderings

OKO Group has released renderings of its partial conversion of the Crown Building at the corner of Fifth Avenue and 57th Street, which is well underway with lofted scaffolding and a hoist structure fully operational above street level. As announced earlier this year, the property will debut as Aman New York, featuring residences and a hotel spanning the building’s fourth through 24th floors.

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685 Fifth Avenue. Rendering via Marin Architects

685 Fifth Avenue’s Mandarin Oriental Conversion and Expansion Now Underway, in Midtown

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.

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