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.
YIMBY stopped by 202 East 23rd Street in Kips Bay, the future site of a 14-story mixed-use building from Hill West Architects and SMA Equities. Recent photos from Tectonic show the state of progress at the lot, which is located at the southern corner of Third Avenue and East 23rd Street. Two vacant three-story buildings sit boarded up, awaiting the start of demolition.
Excavation is underway at 359 Second Avenue in Gramercy, site of a 13-story mixed-use residential building from Issac & Stern Architects and Silverback Development. Located on the corner of East 21st Street and Second Avenue, the structure will stand 145 feet tall and yield 97,193 square feet.
Permits have been filed for an eight-story residential building at 351 East 10th Street in Manhattan’s East Village. Located between Avenue B and Avenue C, the through lot is a short walk to the First Avenue subway station, serviced by the L train. John Scobie of Center Development Corporation is listed as the owner behind the applications.