Demolition permits were filed last week for 5 East 51st Street, part of the assemblage that could give rise to New York City’s future tallest building by roof height. The future 1,556-foot-tall and 96-story Tower Fifth, is located in Midtown East, between Fifth Avenue and Madison Avenue. Permits were previously filed for this lot in April, but later withdrawn. Filings for the remaining structures within the footprint have also been trickling in over the past few months, hopefully indicating that excavation for the prospective supertall is imminent.
Excavation work is beginning at 249 East 50th Street in Midtown East for a ground-up, 151-foot-tall residential project standing 15 stories high. The site is located between Second Avenue and Third Avenue, and was once home to three townhouses and a ground-floor French restaurant called Lutèce. In 2016 YIMBY last reported that China-based developer Tun Kyaw is behind the property and previously purchased the land for $17 million. Isaac Stern will be the designer of the new structure.
Amidst the ongoing evolution of the Manhattan skyline, one of the most notable recent changes has been the completion of the Midtown East rezoning, which has already resulted in the rise of One Vanderbilt. Now, with 270 Park Avenue and other projects already on the development boards, Vornado and Rudin Management’s plans for 350 Park Avenue have been fully revealed, depicting yet another supertall that would rise almost 1,500 feet to its pinnacle. While the architect has not been confirmed, YIMBY is strongly suspicious that the design is by Foster + Partners, the firm responsible for the nearly-complete 425 Park Avenue.
Commercial developer Marx Realty has returned with the first completed images of its newly branded office tower at 10 Grand Central. The $45 million project entails a redesign and repositioning of the building’s lobby away from its original 44th Street location to provide more immediate access to Grand Central Terminal.