YIMBY last covered 417 Park Avenue back in July 2020, when demolition permits for the 14-story, 29-unit residential co-op building were fully filed. GDS Development (GDSNY) is the owner of the building that stands on an 8,725-square-foot site and was originally built in 1916 with two cellar levels and a penthouse atop the 143-foot-tall edifice. The Midtown East property is located at the corner of Park Avenue and East 55th Street and is directly south of Foster + Partner‘s topped-out and nearly complete 425 Park Avenue. GDSNY and Klövern AB previously paid $184 million to purchase all the units, and the demolition of the current structure will make way for an office tower with a floor area ratio of 25, or nearly 220,000 square feet under Midtown East Rezoning regulations.
Façade installation is nearing completion on 28 & 7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Klövern AB and GDSNY, the property is located at the corner of Seventh Avenue and West 28th Street and will yield 105,000 square feet of commercial space leased by CBRE. Triton Construction is the general contractor for the project.
Façade installation is nearing completion on 1245 Broadway, a 23-story office building in NoMad. Designed by Skidmore Owings & Merrill and developed by GDSNY and Sweden-based Klövern AB, the 318-foot-tall building will yield 200,000 square feet of commercial space with leasing managed by CBRE. StructureTech NY and Triton Construction are in charge of constructing the Midtown, Manhattan project, which stands at the corner of West 31st Street and Broadway.
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.
Façade work is shaping up on 1245 Broadway, a 23-story office building in NoMad. Designed by Skidmore Owings and Merrill and developed by GDSNY and Sweden-based Klovern, the 318-foot-tall building will yield 200,000 square feet of commercial space with with leasing managed by CBRE. StructureTech NY and Triton Construction are in charge of constructing the project, which stands at the corner of West 31st Street and Broadway.