Full demolition permits have been filed for 409 Park Avenue in Midtown, Manhattan. According to the filing, the site is owned by GDSNY under the Clover Park Development LLC. It currently houses a 4,300-square-foot, two-story commercial building used by Stefano Ricci, an Italian menswear boutique. The 23-foot-tall structure was built in 1910.
GDSNY also owns 417 Park Avenue, the 8,725-square-foot lot to the left and filed demolition permits for the site last July. GDSNY and Klövern AB of Sweden paid $184 million for all the units of the co-op building at 417 Park Avenue. Located at the intersection of East 55th Street and Park Avenue, the adjacent lots are within the perimeters of the Midtown East Rezoning. The regulations allow for office buildings with a floor-area ratio of 25, or nearly 220,000 square feet. No future plans have yet been announced.
409 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.
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What a shame. Two beautiful old buildings no doubt replaced by another glass box.
Oh boy. This is undoubtedly the recipe for a big project.
I wonder why the city is continuing to allow more office space when there are so many vacancies in those areas already. Wouldn’t it make more sense to put a hold on allowing more office space to be built until they know what affects the pandemic will have on people who are now working from home.
I think any company that is banking on business to return to normal and think everyone will return to an office that was working in one before the pandemic are fooling themselves and their investors.
Far to many companies have learned over the last year plus that many people are far more productive when working from home. And that’s with the kids in the house. With kids going back to the classroom by fall for many companies it’s a no Brainerd to keep employees working from home.
Think of all the overhead they will save and can give back to investors.
beautiful old stone buildings going to be demolished for another glass box with office space no one needs!!
What a shame. We are losing all of the great architecture and history of NYC being demolished before our eyes
The finding of this Court:
You are Obsolete!