The city has unveiled its plan to revitalize and encourage more office development in Midtown East, following on the heels of a rezoning along Vanderbilt Avenue that paved the way for a 67-story office tower at One Vanderbilt.
In December of 2015, YIMBY reported on the topping out of the 17-story, 278-unit residential building underway at 550 Vanderbilt Avenue, in Prospect Heights. Now, the structure, which is one of 17 buildings within the Pacific Park mega-development, is having its façade and windows installed, Brownstoner reports. The structure encompasses 359,625 square feet. It includes a 4,731-square-foot ground-floor retail component, and its residential units, which are condominiums, should average 1,173 square feet apiece. The units will come in studio to four-bedroom configurations. Amenities include a library, a lounge with outdoor terraces, a private dining room, a fitness center, a children’s playroom, a landscaped roof deck, an interior communal garden, and an underground parking garage. A partnership between Forest City Ratner Companies and Greenland USA are developing, while COOKFOX Architects is designing. Completion is expected later this year.
Park Avenue is about to get its first new office tower in decades as the 1957 office tower at 425 Park Avenue (catty corner to Rafael Viñoly’s 1,396-foot-tall 432 Park Avenue), once the pinnacle of modernity, is being reinvented for the 21st century via a partial demolition and a dramatic, 893-foot-tall restructuring by developer L&L Holdings and architects at Foster + Partners.
It’s been 12 long years since the Pacific Park megaproject was first announced as Atlantic Yards, and the Prospect Heights development hit a major milestone yesterday with the topping out of 550 Vanderbilt Avenue, a 17-story condo building. PR reps for the project sent along shots of the concrete shell that’s risen at the corner of Dean Street, taken by photographer Max Touhey.
Nearly a year ago, YIMBY revealed renderings of the 17-story, 275-unit condominium building planned at 550 Vanderbilt Avenue, in Prospect Heights, and this past summer we posted interior images of the building’s lobby and common areas. Construction is now well underway, and the structure is currently five stories tall, per the latest from Tectonic. A partnership between Greenland Group and Forest City Ratner is developing the building, which is one of many in their Pacific Park development. COOKFOX is designing, and completion is expected in 2017.