Residential

685 Fifth Avenue. Rendering via Marin Architects

Mandarin Oriental Residences Fifth Avenue Progresses at 685 Fifth Avenue in Midtown, Manhattan

Construction is continuing on the Mandarin Oriental Residences Fifth Avenue, a 29-story residential conversion at 685 Fifth Avenue in Midtown, Manhattan. Designed by Marin Architects and developed by SHVO in partnership with Deutsche Finance, the $135 million project will convert 100,000 square feet of former office space into a condominium property managed by Mandarin Oriental Hotel Group, above Fifth Avenue retail frontage marketed by Brookfield Properties. The Rinaldi Group of New York, LLC is the general contractor of the project, which is located between East 53rd and East 54th Streets.

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131-141 East 47th Street’s Superstructure Climbs Above Midtown East, Manhattan

Construction has reached the halfway point on 131-141 East 47th Street, a 34-story residential skyscraper in Midtown East. Designed by Ismael Leyva Architects and developed by Silverback Development, the 500-foot-tall structure will yield 200 apartments ranging from studios to two-bedroom units as well as 5,000 square feet of ground-floor retail space with frontage along West 47th Street. Silverback was brought onto the project by Hopson Development Holdings, which purchased the rectangular parcel for $115 million in December 2019 from the original developers, New Empire Real Estate. Structure Tech New York and Cauldwell Wingate are in charge of building the project, which is located between Lexington and Third Avenues.

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