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Construction Update, Midtown East, New Developments

Tower Fifth, Gensler, Macklowe Properties

Rendering courtesy of Gensler

Just one month after closing on 5 East 51st Street, a six-floor rental across the street from St. Patrick’s Cathedral, developer Harry Macklowe has filed demolition permits with the city, as CityRealty reported. This move brings Macklowe one step closer to realizing his vision for Tower Fifth, a 1,556-foot office tower that, if approved, will become the second-tallest building in the Western Hemisphere, surpassing Macklowe’s own 432 Park Avenue and coming in just short of One World Trade Center. (Tower Fifth’s roofline would actually be 216 feet above One World Trade Center’s but since its mast brings the building’s official height to 1,776 feet it would retain the title of the city’s tallest building.)

More details

Midtown East, New Developments

Chrysler Building, Art Deco NYC

Photo via Max Pixel

“I see the building as a Sleeping Beauty: It needs to be woken up and revitalized,” developer Aby Rosen told the Post about his plans for the Chrysler Building. His firm RFR Realty, in partnership with Signa Holding, bought the landmark for $150 million last month . His plans include restoring the 1930s Art Deco interiors by way of a series of restaurants that will take inspiration from Chrysler’s original Cloud Club, as well as adding a ‘”fashionable food hall” (of course) and retail spaces. The biggest news, though, is that he also wants to incorporate a new observation deck, joining the ranks of 30 Hudson Yards, One Vanderbilt, and Chrysler’s one-time rival the Empire State Building.

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Art, Events

stephen mallon, sea train, artificial reef, events, photography

Air Break, 2008. Photo by Stephen Mallon.

By now you may have seen Stephen Mallon’s mind-bending photo series showing thousands of decommissioned NYC subway cars being tossed into the Atlantic Ocean. The MTA initiative was undertaken more than 10 years ago with the goal of creating artificial reefs that would support sea life along the eastern seabed. The amazing photo series, briefly on view at NYU’s Kimmel Galleries, documented the train cars being heaved into the briny deep from Delaware to South Carolina over three years. Now, a new exhibit, “Sea Train: Subway Reef Photos by Stephen Mallon,” opening March 20th at the New York Transit Museum’s Grand Central Gallery, features 19 large-format photographs that capture the iconic subway cars, dropped like toy trains from hulking barges as they’re being deployed as sea-life-sustaining artificial reefs,

More amazing photos and their story, this way

Midtown East, Upper East Side

east river park, east river promenade, east river greenway, nyc parks

Image: Wikimedia commons.

NYC Parks has announced that Mayor Bill de Blasio has allocated $75 million in additional funding for ongoing East River Esplanade reconstruction projects underway from East Midtown through East Harlem. The new funding has been allocated to three distinct esplanade projects: East Harlem from 114th to East 117th Streets, the Upper East Side from East 90th to East 94th Streets and Midtown East from East 62nd to East 63rd Streets.

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Midtown East, New Developments

Image via Flickr

In response to pushback, JPMorgan Chase will be redesigning its planned 1,400-foot office tower at 270 Park Avenue with additional open public space, as Crain’s first reported. Under the East Midtown rezoning, new developments are required to provide 10,000 square feet of public space, but because two-thirds of the site sits above the Grand Central Terminal train shed, architects for the project argued they could only come up with 7,000 square feet. This notion was challenged by members of Manhattan Community Board 5 and elected officials. JPMorgan has now agreed to submit new designs increasing the size of the public space to 10,000 square feet and making it an open-air area instead of enclosed as it was in the initial design proposal.

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Midtown East, New Developments

Grand Hyatt, midtown east rezoning, TF cornerstone, midtown east, donald trump, grand hyatt, new developments, grand central terminal,

Image: Jennifer Rotner via Flickr.

Developer TF Cornerstone and investment firm MSD Partners have announced plans to purchase and tear down the Grand Hyatt building adjacent to Grand Central Terminal, the Wall Street Journal reports. The hotel brand will eventually return to the site in a form different from the smoked glass-clad building that was Donald Trump’s first major Manhattan development. In its place will rise a mixed-use project that includes 2 million square feet of high-octane office space. The planned development is one of four new towers in the works as a result of a 2017 Midtown East rezoning aimed at encouraging new office buildings as well as infrastructure improvements in the east side business district.

The times they are a-changin’ in East Midtown

Celebrities, Cool Listings, Midtown East

465 Park Ave, Ritz Tower, Neil Simon

A group of apartments in Midtown owned by late Broadway playwright Neil Simon are on the market, the Wall Street Journal reported on Wednesday. The three apartments are in the Ritz Tower, an Emery Roth-designed 42-story building in Midtown East and range in price from $1.5 million to $2.8 million. Simon, a Pulitzer Prize-winning writer who was best known for plays like “The Odd Couple,” died at age 91 last August.

Take a look around

Architecture, Midtown East, New Developments

Tower Fifth, Gensler, Macklowe Properties

Tower Fifth rendering by TMRW courtesy Gensler

The developers behind the distinct supertall at 432 Park Avenue want to take a second shot at altering New York City’s skyline. Harry Macklowe submitted a preliminary application to the city’s planning department for a 1,551-foot-tall skyscraper between 51st and 52nd Streets in Midtown across from St. Patrick’s Cathedral, the New York Times reported. If the city approves the project, Tower Fifth, the name given to the proposed tower by Macklowe Properties, would become the second-tallest building in the Western Hemisphere.

See inside the proposed supertall

Midtown East, New Developments

The existing 270 Park Avenue, MikePScott via Flickr

Demolition permits were filed Tuesday for the JPMorgan Chase HQ at 270 Park Avenue, CityRealty reports. The building will be the tallest planned demolition in history. The filing is a significant step for the bank on the way to replacing the 1.5-million-square-foot Modernist tower previously known as the Union Carbide Building with a 2.5-million-square-foot skyscraper, to be designed by British Pritzker Prize winner Norman Foster/Foster + Partners architectural firm.

Down with the old, up with the new

Celebrities, Cool Listings

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

Less than a year after dropping $15.3 million on a trophy pad at 432 Park Avenue, J-Rod (J.Lo + A-Rod) has decided to put the sprawling, apartment back on the market. First spotted by the Post, the place is now asking $17.5 million. The news comes just five months after the couple put their considerably smaller apartment at 15 Central Park West on the rental market for $11,500 a month. Why are they selling so soon? Though three bedrooms and 4,000 square feet sounds large to most, a source told the Post that “They love the building, but when their kids are all together, it’s too small. They need something bigger for the family.”

On to bigger and better

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