Wharton Properties

Exterior of 511 Fifth Avenue, courtesy of Aurora Capital/Wharton Properties

Developers Complete Renovation of 511 Fifth Avenue in Midtown, Manhattan

7:30 am on November 2, 2023 By Max Gillespie

Aurora Capital and Jeff Sutton’s Wharton Properties have completed the renovation of 511 Fifth Avenue, a historic 18-story Beaux Arts building located steps from Grand Central Terminal in the heart of Midtown, Manhattan. This extensive redevelopment aims to align the property with modern office space standards while preserving its historic essence. Ownership has enlisted JLL as the exclusive leasing agent for the property, which is located at the southeast corner of Fifth Avenue and East 43rd Street.

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1905 Third Avenue in East Harlem, Manhattan

Permits Filed for 1905 Third Avenue in East Harlem, Manhattan

7:00 am on January 18, 2020 By Vanessa Londono

Permits have been filed for a four-story commercial building at 1905 Third Avenue in East Harlem, Manhattan. Located at the intersection of 105th Street and Third Avenue, the lot is a couple blocks north of the 103rd Street subway station, serviced by the 6 train. Jeff Sutton is listed as the owner behind the applications. The commercial real estate developer is known for his many retail properties along the shopping corridors of Fifth Avenue, 34th Street, and Times Square.

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730 Fifth Avenue

Office-to-Luxury Hotel-Residential Conversion Planned at Crown Building in Midtown

10:00 am on June 2, 2016 By Reid Wilson

In early 2015, Wharton Properties and General Growth Properties (GGP) acquired, for $1.75 billion, the Crown Building – a 25-story, 385,600-square-foot multi-use commercial building – at 730 Fifth Avenue, located on the corner of West 57th Street in Midtown. Now, it’s been disclosed that developer Michael Shvo and Russian investor Vladislav Doronin are planning to acquire a large portion of the building for a mixed-use conversion project, the New York Post reported. The duo want to convert the upper floors of the current office building into an Aman hotel and 23 ultra-luxury condominium units. Wharton and GGP recently bought out the last remaining office tenant. The current owners plan to lease the remainder of the property that isn’t sold to Doronin and Shvo as retail. The retail space is currently being newly renovated and is expected to take up at least the first four above grade levels. Late last year, it was reported that Bulgari signed a 15-year lease on the ground floor.

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100 West 125th Street

Construction Wraps on Six-Story, 202,000-Square-Foot Retail Complex at 100 West 125th Street, Harlem

6:00 am on April 25, 2016 By Reid Wilson

In July of 2015, YIMBY brought you a construction update on the the six-story, 202,361-square-foot commercial-retail project being built at 100 West 125th Street, located on the corner of Malcolm X Boulevard, in Harlem. That October, the structure topped out, and now, the building’s façade appears to be nearly complete, according to Harlem+Bespoke. All six floors, plus the cellar level, will be utilized as retail space, and a number of retailers have already signed leases in the building. Notable tenants include Whole Foods Market, American Eagle, Nordstrom Rack, Burlington Coat Factory, Raymour & Flanigan, Olive Garden, and TD Bank. Wharton Properties, headed by Jeff Sutton, is the developer, while Staten Island-based Gambino + LaPorta Architecture is behind the design. Opening can probably be expected in the coming months.

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