In October, 6sqft reported that a 1,000+ foot condo tower could rise on the former site of beloved dive bar the Subway Inn (which, after 77 years, had to relocate to a site around the corner in August 2014). The news came nearly two years after the World Wide Group bought a six-parcel assemblage on 60th Street between Third and Lexington Avenues. Then, this past summer, World Wide enlisted Cushman & Wakefield to sell the property, “using renderings of a glassy supertall tower and talk of nearby Billionaires Row to sweeten the deal.” Kuafu Properties bought the 19,685-square-foot plot for $300 million in the fall, and now Yimby has uncovered renderings of a glassy, slender tower proposed for the site.
151 East 60th Street
It was almost two years ago that rumors starting circulating that beloved dive bar the Subway Inn would be forced out of its 77-year home in the wake of being purchased by the World Wide Group as one of six parcels on 60th Street between Third and Lexington Avenues. The bar did close in August 2014, but relocated to a new space around the corner on Second Avenue. This past summer, Cushman & Wakefield worked with World Wide to market/sell the assemblage, using renderings of a glassy supertall tower and talk of nearby Billionaires Row to sweeten the deal. Now, the Commerical Observer reports that Chinese developer Kuafu Properties bought the 19,685-square-foot plot for $300 million, getting one step closer to bringing the 1,000+ foot-tall condo to reality.