Riese Organization

604 Fifth Avenue Wraps Up Renovation Work in Midtown, Manhattan

Renovation work is complete on 604 Fifth Avenue, a six-story commercial building in Midtown, Manhattan. Designed by William Van Alen, architect of the Chrysler Building, the 65-foot-tall structure opened as the Childs Building in 1924 and most recently housed an 18,000-square-foot TGI Fridays. Japanese confectioner Minamoto Kitchoan purchased the property from The Riese Organization for $45 million in April 2021 for its new flagship store. Andrew Pettit Architect was the designer and Cross Management Corp. was the general contractor for the interior and exterior renovation project, which is located between East 48th and 49th Streets.

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677 Lexington Avenue

Development Site At 677-685 Lexington Avenue Hits The Market, Midtown East

Meringoff Properties and the Riese Organization are placing the low-rise commercial properties spanning 677-685 Lexington Avenue on the market, according to The Wall Street Journal. The assemblage, in Midtown East at East 56th Street, boasts roughly 115,000 square feet, and is primed for a residential or hotel development. Eastern Consolidated is marketing the properties, which include a two-story corner building and five-story commercial structure, whose leases expire shortly.


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