NEW YORK | 520 5th Ave | 1,000 FT | 76 FLOORS

[NYguy]

Walked by the site earlier. Excavation walls are up, so I had to peek in to see what was going on. And it certainly looks like excavation will commence anytime now.

[NYguy]

http://www.businesswire.com/news/hom...ing-520-Avenue

Situated at the southwest corner of 43rd Street and Fifth Avenue, the development will comprise approximately 425,000 square feet featuring more than 33,000 square feet of irreplaceable Fifth Avenue retail. The remaining square footage will feature luxury condominiums and a five-star luxury hotel. 520 Fifth Avenue is a 10,625-square-foot site with 85 feet of prime frontage along Fifth Avenue that will provide dramatic skyline views once complete.

Ground breaking of the vertical development will begin in 2018.

"We were privileged to advise best-in-class sponsors Ceruzzi and SMI USA on this transaction,” Peck said. “We look forward to watching the project enhance the Manhattan skyline and applaud Mack for fantastic execution.”

[NYguy]

Back to a regular fence...

[chris08876]

Lou Ceruzzi, one of Manhattan’s most active luxury developers, dies at 64

Louis Ceruzzi, founder and president of Ceruzzi Properties and one of Manhattan’s most active luxury residential developers, died unexpectedly Thursday. He was 64.

In a statement, Ceruzzi Properties said that the firm’s management committee will continue running the firm going forward and that the company “intends on continuing all of its development projects and commitments without interruption.”

“We, along with the firm’s employees and partners, are shocked and saddened by this sudden news,” Ceruzzi Properties’ general counsel Art Hooper said. “Our thoughts are with Lou’s family during this difficult and trying time, and we will work tirelessly to uphold his legacy. It is with heavy hearts that we begin to perform ongoing management duties and ensure a seamless transition and continued success for Ceruzzi Properties.”

The circumstances of Ceruzzi’s death weren’t immediately known.

Ceruzzi started his career as a tax attorney in New Haven before switching to development in the 1980s. Over the following years he built a suburban retail empire in the northeast in part by building stores for big-box brands. In 1997, Ceruzzi partnered with Starwood Capital Group, forming Starwood Ceruzzi.

The developer got his start in Manhattan high-rise development in 2013, when he invested in two development sites.

======================
TRD

[chris08876]

Another tower set to rise in our glorious empire.


Credit: JC_Heights

[yankeesfan1000]

Activity on site seems imminent, permits have been filed, and rendering has been updated on the physical site.

[JMKeynes]

Hallelujah!

[jackster99]

Originally Posted by yankeesfan1000

Activity on site seems imminent, permits have been filed, and rendering has been updated on the physical site.

Excellent news, another 900+ footer added to the mix

[Zerton]

Those windows remind me of 750 7th Ave

[Submariner]

Meh.

[NYer34]

Meh is right.

I'm still enraged by the fact these jerk-o**s razed a beautiful Beaux-Arts gem here...

... and meanwhile, the 2-story, glass-and-aluminum choad of a building across the street at 510 Fifth Avenue, the Manufacturers Trust Building -- a 1960s POS worthless building that looks like every POS worthless building pre-fabbed over the last 50 years and was apparently the POS that started this POS trend -- is LANDMARKED!

NYC, City Hall, and your "Landmarks" Committee - go eff ya'selves.

[gramsjdg]

Originally Posted by NYer34

Meh is right.

... and meanwhile, the 2-story, glass-and-aluminum choad of a building

Oh man I'm dying. That one made my day

[chris08876]

On the DOB rendering on the construction fence, states 76 floors. Mixed used.

[chris08876]

[Crawford]

This building appears to have gained some height. Now 76 floors per the posted permits.

Probably a supertall now.

[JMKeynes]

Originally Posted by Crawford

This building appears to have gained some height. Now 76 floors per the posted permits.

Probably a supertall now.

Can you post the permits that you mentioned?

I looked at the DoB'website and couldn't find them.

[NYguy]

Yeah, 76 would push it up to or above supertall status.

[chris08876]

Just a rough proportions problem. Granted any sort of mechical and crown/roof elements may push it over the height of "X", but not by a lot.

71 floors = 920 ft
76 floors = x

x = 989 ft.

So yes, this is a super tall as 300m = 984 ft. Based on the floors remaining the same ceiling height. Factor in the height due to lobby and base (looks like more than your typical 12 ft ceiling height, and what looks like an architectural tapering at the roof, and I'd guesstimate this is 1,015 - 1035 ft with 76 floors.

Point being, another super tall!

[chris08876]

21323923-01-NB 04 04/10/2018 10/01/2018 T - ISSUED

NB, new building application filed per NY DOB as of 04/10/2018. Via BIN# 1034211.

[NYguy]

https://therealdeal.com/2018/06/06/e...fifth-sources/

Extell, Zeckendorf in talks to lead development of 520 Fifth

June 6, 2018

Ceruzzi Properties and SMI USA are on the hunt for a development partner at 520 Fifth Avenue.

A handful of developers are said to have been looking at the property, which is slated to be home to a roughly $500 million mixed-use development. The top contenders, according to sources, are Zeckendorf Development and Gary Barnett’s Extell Development — which is also partners with SMI on Central Park Tower.

Ceruzzi Properties and SMI — which co-own the ground lease on the Lipstick Building and are working on a luxury condominium tower at 138 East 50th Street — snagged 520 Fifth from Joe Sitt’s Thor Equities. The partners were reportedly planning to move ahead with Thor’s original concept for the site, which included a 71-story tower with a hotel and condominiums above a retail base.

Whether or not a new partner would make alterations to those plans is unclear. A source said Zeckendorf was considering a private hotel club concept.