Last fall, Chinese developer Cheerland Investments paid a whopping $129 million for the United Charities office building at 287 Park Avenue South, a nine-story Renaissance Revival structure built in 1892. An insider told the Wall Street Journal that it would be converted to condos, and earlier this week, permits were filed for a residential conversion that would add nine stories to the top.
An LLC has filed applications for a six-story, 11-unit residential building measuring 8,014 square feet at 323 East 53rd Street, in Midtown East. Technically the project would be an expansion of the existing four-story townhouse, but the new structure would have a total floor area greater than 100% of the existing building. Vail Associates is designing.
212 Fifth Avenue will see new life as a residential building. On Tuesday, the Landmarks Preservation Commission approved changes to the structure, which was originally constructed as an office building in 1913. The redevelopment of the building is being done by Building & Land Technology, Madison Equities and Thor Equities.
The Real Deal reports that law firm Skadden has signed a 20-year lease for 550,000 square feet at Brookfield Property Partners’ 1 Manhattan West, located at 401 9th Avenue, on the West Side. Construction will begin immediately on the 69-story, 2.1-million square-foot office tower, and opening is scheduled for 2019.
Back in September, YIMBY reported on the first permit filings for a new 10-story residential building at 514 West 24th Street, which Roman and Williams is designing. Now, we can reveal the first drawings and floorplans for the project, which is under development by JDS, and will soon rise next to the recently-completed 508 West 24th Street.
