Skyline-defining towers have proliferated across the Midtown and Lower Manhattan skylines since the start of the 2010s, with the new World Trade Center joined by clusters in Hudson Yards, and 57th Street. Now, as One Vanderbilt approaches the 1,000-foot mark, a new race is appearing on the horizon in Midtown East. First, JPMorgan announced plans for a 1,400-foot-plus behemoth at 270 Park Avenue. Today, renderings have been released for Harry Macklowe’s planned office tower at 5 East 51st Street, which the developer has dubbed “Tower Fifth”. The supertall would become the tallest building in New York City by roof height upon completion, soaring 1,551 feet above the streets down below.
This month, BLDG Management officially began leasing at The Summit, a new rental property the developer has coined “a diamond in the sky.” Located at 222 East 44th Street, the 43-story building arrives as the first ground-up, residential building in Manhattan from BLDG.
Located on a 32,365 square foot parcel along First Avenue between East 39th Street and East 40th Street, 685 First Avenue has officially launched leasing for its 408 units. With a 460-foot tall facade of pitch black glass facing the East River, the 43-story tower is one of the newest and tallest skyscrapers to be completed in Midtown’s Murray Hill. Sheldon Solow of Solow Building Company is the developer of the 800,000 square foot project, while Richard Meier & Partners Architects is the designer. Leasing and move-ins are now underway, with units marketed by Citi Habitats New Developments.
Full demolition permits have been filed for the two-story building at 1009 2nd Avenue, in Sutton Place, Manhattan. The site currently houses a 6,208 square foot office building built in 1964, with four units, and is located between East 53rd and East 54th Streets.
A new, 22-story Hyatt Centric Hotel has topped-out just a short walk from Bryant Park and Grand Central Terminal. Located at 16 East 39th Street, the hotel will include 162 short-stay rooms, a rear courtyard, along with restaurant and lounge areas positioned on both ground and rooftop levels. In total, the hotel will comprise 77,858 square feet.