Full demolition permits have been filed for 417 Park Avenue in Midtown, Manhattan. According to the filing, the site is owned by GDS Development under the Clover Park Development LLC. It currently houses a 12-story residential building with 28 units. The 143-foot-tall structure was built in 1916 and has a basement, cellar, and penthouse.
Plans have not been revealed for the 8,725-square-foot lot at the corner of East 55th Street and Park Avenue. GDSNY and Klövern AB of Sweden paid $184 million for all the units of the co-op building, to be able to develop within the perimeters of the Midtown East Rezoning in the near future. The regulations allow for office buildings with a floor-area ratio of 25, or nearly 220,000 square feet.
417 Park Avenue is located four blocks from the Lexington Avenue-53rd Street subway station, serviced by the E, M, and 6 trains.
Ancora Engineering is listed as the applicant of record.