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 preparations have yet to begin at 339-345 East 33rd Street in Kips Bay, future site of a 23-story mixed-use building from GF55 Architects and Excel Development. Located between First and Second Avenues, the property would span 150,000 square feet and contain 173 residential units, as well as two levels of commercial space on the ground floor and cellar. Excel reportedly completed a large air rights deal in December to facilitate the development.
Renderings from Marin Architects’ design studio reveal a new seven-story rental development in the Morris Heights section of the West Bronx. Located at 1641 Undercliff Avenue, the development sits between West 175th and West 176th Streets, just a couple blocks west of a public esplanade along the Harlem River.
Permits have been filed for a 22-story mixed-use building at 33 Commercial Street in Greenpoint, Brooklyn. Located between 7 Bell Slip and the future Box Street Park as part of the Greenpoint Landing complex, the interior lot is closest to the Greenpoint Avenue subway station, serviced by the G train. Guy Morton, vice-president of construction at Park Tower Group is listed as the owner behind the applications.
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.