Midtown East

Soon to be largest deliberately demolished tower ever, 270 Park Avenue proposal faces backlash

270 Park Avenue via MikePScott’s Flickr

February 22, 2018

Soon to be largest deliberately demolished tower ever, 270 Park Avenue proposal faces backlash

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Plans to replace JPMorgan Chase's current headquarters at 270 Park Avenue with a much taller tower at the same site is facing opposition from architecture and preservation buffs, shortly after the proposal was announced. Not only will the project become the largest intentionally demolished building in history, as YIMBY reported, the landmark-worthy Union Carbide Building was also designed in 1960 by Natalie de Blois, a pioneer of American architecture and one of the few female senior designers at that time. As the first project under the Midtown East rezoning, JPMorgan Chase's existing 700-foot tall structure will be bulldozed to make way for a tower that will most likely be over 1,200 feet tall.
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New 70-story JPMorgan Chase tower will be the first project under Midtown East rezoning

A model of what the future 270 Park Ave building might look like via CityRealty

February 21, 2018

New 70-story JPMorgan Chase tower will be the first project under Midtown East rezoning

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Mayor Bill de Blasio and JPMorgan Chase announced on Wednesday plans to build a new 70-story world headquarters at the site of the bank's current offices at 270 Park Avenue, the first project under the East Midtown Rezoning plan. Approved by the City Council in August, the rezoning affects 78 blocks running from East 39th Street to East 57th Street and from Third Avenue to Madison Avenue. The updated zoning code is expected to clear the way for 6.5 million square feet of modern office space and allow for taller buildings. JPMorgan Chase's new building will have enough room for about 15,000 employees, compared to the old building's capacity of just 3,500 employees.
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Empire State Building looking for tenants to fill 50,000 square feet of retail space

Photo via Wikimedia

February 2, 2018

Empire State Building looking for tenants to fill 50,000 square feet of retail space

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The landlords of New York City's most iconic skyscraper are looking to fill 50,000 square feet of retail space by 2020, even as brick-and-mortar businesses in Manhattan have struggled to stay open. According to Bloomberg, owners of the Empire State Building are marketing the tower's ground-floor, concourse and second-floor real estate, as the building undergoes a retail renovation for the first time since opening in 1931. Plus, the tower's observatory entrance will be moved from Fifth Avenue to 34th Street.
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How the Manhattan neighborhood of Turtle Bay got its name

Turtle Bay and Blackwell’s Island around 1840 at the foot of what now is 49th Street, courtesy the Turtle Bay Association

January 26, 2018

How the Manhattan neighborhood of Turtle Bay got its name

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The Manhattan neighborhood of Turtle Bay, a stretch of Midtown East that holds everything from skyscrapers to brownstones, has a history dating back to 1639. Modern-day New Yorkers might envision the area got its name from "hundreds of turtles sunning themselves on the rocks along the East River between 45th and 48th Streets," as Ephemeral New York puts it. Back then, that's where an actual bay was once located in Colonial-era Manhattan, surrounded by meadows, hills and a stream that emptied at the foot of today’s 47th Street. Some historians do think actual turtles lent to the neighborhood name, as they were plentiful in Manhattan at the time and were commonly dined on. But another reading of history suggests otherwise.
The name may have been a mistake
$329K Tudor City studio packs a punch with charming prewar details
January 18, 2018

$329K Tudor City studio packs a punch with charming prewar details

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Tudor City, the Turtle Bay apartment complex built in the 1920s, is known for its tiny, affordably priced apartments. This one comes from 45 Tudor City Place, which holds a whopping 403 units over 25 stories. Despite the small space, there are charming interior details, like dark hardwood flooring and beamed ceilings, and the owner has added some extra touches to maximize space. It's now on the market asking $329,000 after selling in 2006 for $280,000.
Head inside
Sen. Jacob Javits’ former Sutton Place co-op sells for $4.4M
December 28, 2017

Sen. Jacob Javits’ former Sutton Place co-op sells for $4.4M

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After first hitting the market in June for roughly $5.2 million, the former Sutton Place home of influential New York senator, Jacob Javits and his wife Marian, has found a buyer. Last listed for $4.35 million, the three-bedroom co-op at 322 East 57th Street was designed in 1933 by Joseph Urban, an architect known for his Art Deco style. According to the New York Post, Javits entertained socialites and political players, like Henry Kissinger, in his spacious 3,300 square foot duplex.
Check out the glass cube
Greta Garbo fans buy the actress’ longtime Sutton Place co-op for $2.5M over ask
December 27, 2017

Greta Garbo fans buy the actress’ longtime Sutton Place co-op for $2.5M over ask

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This sprawling three-bedroom at the exclusive Sutton Place co-op The Campanile may have a private location, incredible East River views, and old-world details such as wall-to-wall pine wood paneling, working fireplaces, and tons of built-ins, but it was its longtime resident who encited a bidding war. Mansion Global reports that Greta Garbo's longtime home (she lived there from 1954 until her death in 1990) has sold for $8.5 million, 43 percent higher than the $5.95 million it listed for back in March. The late actress' great-nephew Craig Reisfield said the buyers have “a reverence for my great aunt” and added that he anticipates them being "great stewards" of the home that's very much intact from Garbo's days.
See the high-end apartment here
Soho style arrives at this dreamy Turtle Bay loft asking $999K
December 13, 2017

Soho style arrives at this dreamy Turtle Bay loft asking $999K

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You wouldn't necessarily expect an artist loft up for sale in Turtle Bay, but here's one asking just a hair under $1 million at the Turtle Bay Towers condop complex. The open floorplan was renovated in the style of a Soho loft, according to the listing, but you get all the conveniences of being in East Midtown. After its renovation the space saw a big price jump in just a few years--it was asking $689,000 in 2012 before selling for $649,000.
Head inside
A six-story apartment with a townhouse feel asks $9.5M in Sutton Place
December 6, 2017

A six-story apartment with a townhouse feel asks $9.5M in Sutton Place

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It's not every day a six-story apartment hits the market in New York--and it feels like a bonafide townhouse within the new Sutton Place condo 441 East 57th Street. The four-bedroom pad, with a sprawling 5,550 square feet, has hit the market for $9.5 million. (After last selling in 2010 for $9.4 million, it's struggled on the market, asking everything between $13 and $9.499 million.) On top of tons of custom interior details, floor-to-ceiling glass doors open to a private 500-square-foot deck with all the outdoor perks.
Check it out
Construction halted at 800-foot Sutton Place tower after City Council approves rezoning

The original rendering of 3 Sutton Place by Foster + Partners

December 1, 2017

Construction halted at 800-foot Sutton Place tower after City Council approves rezoning

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Gamma Real Estate will stop work on Sutton 58, a proposed 800-foot-tall residential tower at 3 Sutton Place, after the New York City Council voted on Thursday to rezone 10 blocks on the Upper East Side. According to The Real Deal, the rezoning requires properties between 51st and 59th Streets east of First Avenue to follow ‘tower-on-a-base” rules, meaning 45 to 50 percent of the building must be built below 150 feet. This drastically changes the developer's plan for a soaring skyscraper and also caps the height of future buildings.
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City Planning gives the go ahead for controversial 800-foot Sutton Place tower

The original rendering of 3 Sutton Place by Foster + Partners

November 16, 2017

City Planning gives the go ahead for controversial 800-foot Sutton Place tower

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The City Planning Commission approved a resident-proposed plan to curb the development of supertall, skinny towers in Sutton Place on Wednesday, capping the height of future buildings. However, because of a clause inserted by the commission, projects already under construction will be grandfathered into the current zoning rules. This comes as good news for Gamma Real Estate, the developer currently constructing an 800-foot-tall residential tower, now called Sutton 58, at 3 Sutton Place. Gamma needs to finish the foundation planned for their luxury condominium tower before the city votes on the rezoning proposal, to be immune from new height restrictions (h/t Crain's).
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Waldorf Astoria will lose 1,000 hotel rooms in renovation

Photo via Wiki Commons

November 13, 2017

Waldorf Astoria will lose 1,000 hotel rooms in renovation

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In the coming weeks, the renovation of the Waldorf Astoria Hotel will finally begin--a three-year process to convert much of the building to luxury condos. Hilton Worldwide Holdings, who had owned the landmark since 1972, agreed in 2014 to sell the 1,413-room hotel to Beijing-based financial and insurance company Anbang Insurance Group for $1.95 billion. Since then, the interior was landmarked, Skidmore, Owings & Merrill was tapped to design the project, and the building closed to begin work. Now the New York Post reports that post reno, the Waldorf will only hold 350 hotel rooms--a number that's "at the low end of recent estimates and much smaller than the number former Waldorf owner Hilton had expected," according to the paper.
It's caused some tension
Trump Tower prices slide since 2015 presidential campaign

Photo of Trump Tower via Krystal T’s Flickr

November 10, 2017

Trump Tower prices slide since 2015 presidential campaign

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Sales prices at the tony Midtown condo building at 721 Fifth Avenue have dropped sharply since Donald Trump began his presidential campaign, according to the Wall Street Journal. The median sale price and average price per square foot are down since 2015 and are now reaching the lows experienced during the last financial crisis. Brokers aren't exactly sure whether the "Trump effect" has caused the slump–including issues specific to the tower such as heightened security, protests, and a general antipathy toward all things Trump–or it's part of an overall softening of the luxury condo market.
Is it the Curse of Trump?
Robert A.M. Stern joins fight against Snøhetta’s plan to renovate Philip Johnson’s AT&T Building

Photo of the protest courtesy of Nathan Eddy

November 6, 2017

Robert A.M. Stern joins fight against Snøhetta’s plan to renovate Philip Johnson’s AT&T Building

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After Olayan America and Chelsfield revealed plans last week for a $300 million renovation of the building at 550 Madison Avenue, known as the AT&T Building, criticism quickly followed. Members of the architecture community, including New York architect Robert A.M. Stern, rallied together last Friday at the base of the Philip Johnson-designed skyscraper, to protest Snøhetta's proposal to replace the building's base with a scalloped glass front (h/t Dezeen). Protestors held signs that read "Hands off my Johnson," "Save the Stone," and "Save AT&T." Plus, a petition is currently being circulated on Change.org in an attempt to preserve Johnson's iconic AT&T Building by having the New York City Landmarks Preservation Commission officially designate it as a city landmark.
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One Vanderbilt’s outdoor observation deck may tie for highest in NYC
November 1, 2017

One Vanderbilt’s outdoor observation deck may tie for highest in NYC

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Nearly a year ago, developer SL Green confirmed that their 1,401-foot supertall One Vanderbilt, set to be the city's second tallest building behind One World Trade Center, would boast a 1,020-foot observation deck, which would have made it the third-highest indoor-outdoor observatory in the city after the forthcoming 1,100-foot deck at 30 Hudson Yards and the 1,050-foot deck at the Empire State Building (One World Observatory is at 1,250 feet, but it’s not outdoors). However, new details and diagrams uncovered by NY Yimby show that it may actually stand at 1,100 feet, tying for the city's highest.
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Snøhetta tapped as lead architect for $300M Sony Building restoration

Rendering of 550 Madison Avenue, via DBOX/ Snøhetta

October 30, 2017

Snøhetta tapped as lead architect for $300M Sony Building restoration

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Over the last few years, plans to refurbish the former headquarters of AT&T and Sony Building at 550 Madison Avenue have come and gone, including a proposal to convert the upper floors into luxury condos designed by Robert A.M. Stern. Now, with those plans long abandoned, Olayan America and Chelsfield revealed plans on Monday for a $300 million renovation of the tower, modernizing the lower levels of the building with high-quality amenities and a sprawling 21,000-square-foot public garden. With Snøhetta as lead architect, the renovation will be the first major project in East Midtown since its revitalization plan was approved earlier this year.
See the new design
The history of the United Nations in NYC

Photo courtesy of the UN

October 24, 2017

The history of the United Nations in NYC

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Every year on October 24th, 193 countries celebrate United Nations Day, the international holiday commemorating the anniversary of the ratification of the 1945 UN Charter. Beginning in 1948, the holiday is part of a broader United Nations Week, which runs from October 20th to 26th. While the day is a global holiday, the UN and UN Day continue to be unique to New York City, home to the peacekeeping organization’s headquarters since 1952.
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Kushner Companies’ plan for extensive renovations at 666 Fifth Avenue rejected by Vornado

A previous rendering of 666 Fifth Avenue, courtesy of Kushner Companies/Zaha Hadid Architects

October 16, 2017

Kushner Companies’ plan for extensive renovations at 666 Fifth Avenue rejected by Vornado

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Instead of the 41-story Midtown tower becoming an 80-story office building with hotel rooms and luxury housing, 666 Fifth Avenue will now get a much more simple upgrade. According to Bloomberg, Vornado Realty Trust, the project’s partner alongside Kushner Companies, told brokers the property will remain an office building, with“mundane” renovations planned. As one of the most financially troubled developments for Kushner Cos., the Fifth Ave project has been losing money since its purchase was first coordinated by Jared Kushner, currently a senior advisor to President Donald Trump, in 2007.
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MTA will replace Grand Central Terminal’s old eateries with more ritzy ones

Grand Central Terminal, photo via NYC & Company

October 12, 2017

MTA will replace Grand Central Terminal’s old eateries with more ritzy ones

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At Grand Central Terminal, it’s in with the new, out with the old. The Metropolitan Transportation Authority said it will replace stores that have served the busy terminal’s commuters for over two decades--Junior’s, Two Boots Pizza, Grand Harvest Wines--with more upscale shops. As the New York Post reported, new stores include Art Bird & Whiskey Bar, run by Oprah Winfrey’s former personal chef, Art Smith, and Tartinery, an open-face sandwich vendor. The restaurant refashioning process is expected to run through 2018.
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Construction of Norman Foster’s ritzy One Hundred East 53rd Street tower is complete!

One Hundred East 53rd Street, photo via CityRealty

October 5, 2017

Construction of Norman Foster’s ritzy One Hundred East 53rd Street tower is complete!

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The Midtown East tower designed by Norman Foster's Foster + Partners is finally finished. As CityRealty reported, the glassy design of One Hundred East 53rd Street takes into account the bronze hues of its historic neighbor, the Seagram Building, with a counter curtain wall. The luxurious residential building continues to be a magnet for celebrities, including couples like George and Amal Clooney and Cindy Crawford and Rande Gerber. The amenities are also of star quality: a wellness center, library lounge, swimming pool and a restaurant from the French chef Joël Robuchon who has earned 34 Michelin stars.
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Beyoncé sells swanky Midtown apartment for $10M

Photo of Beyoncé via Wikimedia

September 28, 2017

Beyoncé sells swanky Midtown apartment for $10M

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It’s been a busy summer for superstar couple Beyoncé and Jay-Z. The twosome recently purchased an LA estate for $88 million in August and shortly after they bought a home on East Hampton’s Georgica Pond for nearly $26 million. Adding to their real estate hustle, Beyoncé just sold her apartment at 151 East 58th in Midtown East for $9.95 million, as the New York Post reported. The 44th-floor pad is located at One Beacon Court, the exclusive Manhattan skyscraper with a Pantheon-inspired elliptical court. Beyoncé’s former pad features three bedrooms, floor-to-ceiling windows and sweeping views of Central Park.
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Richard Meier’s first NYC skyscraper tops out, clad in black glass

Rendering courtesy of Richard Meier & Partners / Solow / BloomImages

September 19, 2017

Richard Meier’s first NYC skyscraper tops out, clad in black glass

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Along the East River just south of the United Nations, Pritzker Prize-winner Richard Meier’s 42-story, 460-foot-tall tower has officially topped out, CityRealty learned. Developed by Sheldon Solow’s East River Realty Development, the skyscraper at 685 First Avenue has an all-black, glassy facade to offer residents privacy and create a uniform appearance on the outside. Upon completion in 2018, the Turtle Bay residential tower will feature 556 rental and condominium apartments, with incredible panoramic waterfront views.
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Problems at 666 Fifth Avenue tower linked to Jared Kushner’s White House role

A rendering of 666 Fifth Avenue, courtesy of Kushner Companies/Zaha Hadid Architects

September 14, 2017

Problems at 666 Fifth Avenue tower linked to Jared Kushner’s White House role

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In 2007, Kushner Companies purchased a 41-story tower in Midtown for $1.8 billion, which was the most expensive real estate deal ever in the U.S. at the time. The transaction of 666 Fifth Avenue, coordinated by Jared Kushner, now a senior advisor to President Donald Trump, was ill-timed, making the purchase just before the economic recession. As the Washington Post reported, the Fifth Avenue project is one of the most financially troubled for Kushner Cos., with one-fourth of office space empty, and its lease revenue not covering monthly interest payments. While Kushner has divested his stake in the property to avoid conflicts of interest, the property's value has dropped and foreign entities have withdrawn financial support. Currently, Kushner’s dealings are under investigation by special counsel Robert Mueller, as part of the broader investigation into Russian collusion with the Trump campaign.
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Shoe guru Steve Madden steps into a $12.2M Billionaires’ Row condo
September 8, 2017

Shoe guru Steve Madden steps into a $12.2M Billionaires’ Row condo

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Shoe brand honcho Steve Madden put his best foot forward and stepped into an impressive spread at 252 East 57th Street. The Journal reports that the company's founder and former CEO dropped $12.2 million on a five-bedroom condo at the 65-story Billionaires' Row tower designed by designed by Skidmore Owings & Merrill. Not only does his new home have a 38-foot-long living/dining area, balcony, and all the swanky fixtures and finishing one could hope for, but its 61st-floor location affords it incredible north, east, and west exposures with skyline, Central Park, and East River views.
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City Council unanimously approves Midtown East rezoning plan

Conceptual image depicting all of the proposed sites of the East Midtown rezoning fully built out, via CityRealty

August 10, 2017

City Council unanimously approves Midtown East rezoning plan

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After five years, the City Council approved a rezoning for Manhattan’s Midtown East on Wednesday, by a 42-0 vote. The proposal will rezone roughly 78 blocks, running from East 39th Street to East 57th Street and from Third Avenue to Madison Avenue, clearing the way for 6.5 million square feet of office space in the area. A new updated zoning code is expected to incentivize new, dense development, allowing Midtown to compete with other booming business districts in the borough like Hudson Yards and the Financial District. As the New York Times reported, this change which lets developers build to a higher floor area ratio could result in new supertall towers.
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Elizabeth Arden’s former Sutton Place townhouse hits the market for $16M
August 8, 2017

Elizabeth Arden’s former Sutton Place townhouse hits the market for $16M

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A single-family townhouse in affluent Sutton Place has hit the market for $16 million. The home, located at 4 Sutton Square, was built in 1921 for Henry Sprague, the inventor of the Sprague gas meter. Beauty entrepreneur Florence M. Lewis, better known professionally as Elizabeth Arden, and Michael Jeffries, president of Abercrombie & Fitch, have also called the exclusive, five-story pad home. Last year, the 4,000-square-foot, four bedroom home was on the market for $19.95 million.
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Clive Davis chops the price of his ritzy Midtown duplex to $6.996M
August 1, 2017

Clive Davis chops the price of his ritzy Midtown duplex to $6.996M

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Back in 2015, five-time Grammy Award-winning producer and Sony Music Entertainment's chief creative officer Clive Davis bought two units at 465 Park Avenue for $3.4 million, combining them to create a contemporary, art-filled duplex for an unknown family member. However, just a year later, "things changed" for this relative, and he listed the pad for $7.8 million. Despite the super-swanky design and ritzy decor, he's had a hard time unloading the home, and Mansion Global now reports that he's chopped the price by 10 percent to $6,995,000.
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