Posted Feb 10, 2014, 8:13 PM
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Homo sapiens sapiens
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Join Date: May 2012
Location: 3rd planet from the Sun
Posts: 1,666
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New York YIMBY:
Revealed: 520 Fifth Avenue
BY: NIKOLAI FEDAK ON FEBRUARY 10TH 2014 AT 12:00 PM
520 Fifth Avenue — image via Thor
Quote:
Thor Equities’ demolition and redevelopment at 520 Fifth Avenue now has a rendering, via the developer’s page on the project. Additional information posted on TOWN broker Paul Macapagal’s website reveals the retail podium will be topped by hotels and residences, rising 39 stories in total, though whether that is the final figure remains to be seen. Delving into the DOB reveals Kaufman as the architect of record.
While no documents for the high-rise portion are on-file with the Department of Buildings, Macapagal’s site also describes the tower as a hotel/condominium mix, with 96 residences in total. The low-rise component will have approximately 60,000 square feet of space, spread over 6 floors.
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Ultimately, fault lies with the city, and archaic zoning. Demolition of the old buildings is nearly complete, and with the podium’s permits approved, construction is imminent.
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520 Fifth Avenue -- demolition underway
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