Rendering of the new tower (L); The four-building assemblage at 426-432 East 58th Street (R)
First spotted by the eagle-eyes at SkyscraperPage, a New York Press article has given us our first look at a potential 900-foot skyscraper reportedly designed by Foster + Partners and developed by the Bauhouse Group. The New York City-based real estate development and investment firm had recently closed on the three-building $32 million rental portfolio in tony Sutton Place at 428-432 East 58th Street. In March, the firm acquired a fourth property at 426 East 58th Street.
According to the New York Press story, “A sales brochure put together by Cushman and Wakefield dubs the project as the ‘Sutton Place Development’… there are indications that Bauhouse is looking to offload the site to another developer, and that whoever winds up buying the lot could build even higher than 900 feet.” Bauhouse is expected to release further details and renderings to the community this spring.
Illustrations by CityRealty
As currently detailed, the tower will encompass 268,000 square feet and have 95 condominium units, which above the 50th floor will provide remarkable vistas of the city and the East River. Should the plans for the skyscraper be realized, the tower will be the first new high-rise in the neighborhood in decades. Furthermore, it will be the second-tallest residential building on the east side, behind only the 1,358-foot 432 Park Avenue. Construction permits for 432 East 58th Street have yet to be filed.
Stay up to date on 432 East 58th Street at CityRealty
Reporting contributed by Heather Cooper Vivares
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