Developers are transforming a formerly brutalist building at 592 Fifth Avenue, on the corner of East 48th Street in Midtown Manhattan, and today YIMBY has the first look at its impending appearance. Formerly occupied by Bank of America, the structure is being refurbished for renewed commercial-retail use, with speculation that Puma could become an anchor tenant.
Yshihara Mckee Architects is responsible for the design, with Tishman leading development.
According to The Real Deal, Singaporean lender United Overseas Bank owns the 11-story building. 22,000 square feet of retail space could come of the site. The ground floor will yield 6,000 square feet, with 7,850 square feet on the lower level, 2,000 square feet on the mezzanine, and 6,300 square feet on the second level.
The development is in the prime retail corridor for Fifth Avenue, just six blocks from Bryant Park, eight blocks from Grand Central, and five blocks from the MoMA.
City Realty revealed that this latest update is the third design for the structure, always keeping up with the trends. Carrere & Hastings designed the original structure in the Beaux Arts style, and Hausman & Rosenberg redesigned the facade in the mid-century.
Crown Retail Service is leading the leasing for four retail levels.