NEW YORK | 3 East 54th Street | FT | FLOORS

ChiND · #1 Posted **May 16, 2024, 1:24 PM**

I have always wondered when this PRIME spot would be redeveloped. It appears from ACRIS that Cohen also owns the adjacent parking garage located at 13 E 54th St.

As per Property Shark, the office building has about 290k sf, and it’s unclear how much buildable space the garage has. Clearly, though, a reasonably tall condo or hotel could rise here.
https://www.crainsnewyork.com/real-e...wn-office-site

ChiND · #2 Posted **May 17, 2024, 3:35 AM**

It looks the like adjacent garage is coming down too!

https://a810-dobnow.nyc.gov/publish/Index.html#!/search

Crawford · #3 Posted **May 17, 2024, 4:22 AM**

Nice. Given the location, the replacement tower should be very high quality.

I could see a major residential/hotel tower here, maybe even a supertall.

ChiND · #4 Posted **May 17, 2024, 1:26 PM**

I agree, Crawford.

I wonder how many buildable square feet the garage adds to the 290k of the office building.

This should definitely be at least 800’ and maybe more.

mrnyc · #5 Posted **May 17, 2024, 2:31 PM**

good news. i mean talk about a building nobody will miss. yeesh.

ChiND · #6 Posted **May 17, 2024, 3:43 PM**

Quote:

Originally Posted by mrnyc

good news. i mean talk about a building nobody will miss. yeesh.

I agree. The garage next door too. This is such a super-prime area. A 5-star hotel and condos would do great here.

ChiND · #7 Posted **May 28, 2024, 12:51 PM**

I’d love to see something like this (but taller) rise here. Same with 405-417 Park, 347 Madison, and 415 Madison.

https://www.newyorkyimby.com/2024/05...east-side.html

Crawford · #8 Posted **May 28, 2024, 1:11 PM**

Yes, that would be very nice. Let's hope we get something of similar quality.

ChiND · #9 Posted **May 28, 2024, 1:23 PM**

Definitely. A RAMSA there would be in very high demand.