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.
Demolition has begun for JP Morgan Chase‘s 52-story former headquarters at 270 Park Avenue, which was once known as the Union Carbide Building. The financial titan is razing the 707-foot-tall mid-century skyscraper to make way for a massive 1,425-foot-tall, 2.5-million-square-foot supertall that will be among the tallest structures in New York City.
SLCE Architects has revealed a new rendering for 115 East 55th Street, a 185-foot-tall residential project underway in Midtown East. Developed by Zeckendorf Development, the 18-story project will rise directly adjacent to the eastern elevation of Norman Foster’s 425 Park Avenue.
Perhaps the most exciting skyscraper project proposed for New York last year is 350 Park Avenue, a nearly 1,500-foot-tall skyscraper from Vornado Realty Trust and Rudin Management. After YIMBY broke the news on Vornado’s expected 2027 completion date for the tower back in February, we stopped by the site to check on the status of its current occupant. Located between East 51st and East 52nd Streets, a total of two edifices would need to be demolished to make way for the development.
The triplet of flat rectangular fins atop the roof parapet of 425 Park Avenue are fully enclosed, while some of the last remaining office floors for the upper tiered section of the 47-story, 897-foot-tall Midtown East skyscraper, are close to being clad. The commercial office project is designed by Norman Foster, head of Foster + Partners, and is being developed by L&L Holding Company LLC. Adamson Associates is the architect of record.