YIMBY can now bring you news that foundation work is underway at 200 East 59th Street, at the corner of Third Avenue on the northern edge of Midtown East, courtesy of photos posted to the YIMBY Forums by Vertical_Gotham. It’s the site of a 35-story, 67-unit mixed-use building being developed by Macklowe Properties, which YIMBY recently revealed a full rendering for last week. As reported earlier, the 490-foot-tall tower will measure 109,581 square feet, of which 14,861 square feet will be utilized for retail space on the cellar through second floors. The apartments above, which will be condominiums, should average 1,490 square feet apiece. Amenities include storage for 36 bikes, a lounge, a terrace on the third floor, and a fitness center. CetraRuddy is behind the architecture. Completion is expected in late 2017.
At the intersection of the Upper East Side and Midtown East, there has been a surge of new development, starting with the newly-iconic 432 Park Avenue, by Macklowe Properties. And now we have the first full rendering of the same developer’s plans for 200 East 59th Street, designed by CetraRuddy, thanks to the YIMBY Forums, where EB-5 materials for the project have surfaced. YIMBY previously revealed the first renderings of the building back in November, but this image is the first to show the whole tower, which will feature wraparound terraces on every floor.
Demolition has progressed significantly on the cluster of pre-war commercial buildings on the block bound by East 42nd and 43rd streets and Madison and Vanderbilt avenues, directly west of Grand Central Terminal in Midtown East. The existing structures are only a few more months from being removed, as seen in the photos by ILNY posted to the YIMBY Forums. In their place will rise a 67-story, 1,514-foot-tall office tower called One Vanderbilt, being developed by SL Green Realty Corporation and designed by Kohn Pedersen Fox. The tower will encompass 1,732,955 square feet of space, of which 1,295,140 square feet is designated as commercial.
The Wall Street Journal has revealed the design for a new luxury senior living facility coming to the northeast corner of 56th Street and Lexington Avenue, spanning 677-681 Lexington Avenue. Hines and Welltower are the developers, and paid $115 million for the assemblage, which will host a new 15-story building designed by SLCE Architects.
New York City is full of amazing stories of transformation. Many neighborhoods are dramatically different from the way they were 100 years ago. That’s certainly true of Midtown East, the area around Grand Central Terminal, and it is on the cusp of a new era of transformation. Various city agencies are managing that transformation, which included a rezoning plan abandoned in 2013. It also includes preservation. That’s where the Landmarks Preservation Commission comes into play.