Excavation work is beginning at 249 East 50th Street in Midtown East for a ground-up, 151-foot-tall residential project standing 15 stories high. The site is located between Second Avenue and Third Avenue, and was once home to three townhouses and a ground-floor French restaurant called Lutèce. In 2016 YIMBY last reported that China-based developer Tun Kyaw is behind the property and previously purchased the land for $17 million. Isaac Stern will be the designer of the new structure.
Amidst the ongoing evolution of the Manhattan skyline, one of the most notable recent changes has been the completion of the Midtown East rezoning, which has already resulted in the rise of One Vanderbilt. Now, with 270 Park Avenue and other projects already on the development boards, Vornado and Rudin Management’s plans for 350 Park Avenue have been fully revealed, depicting yet another supertall that would rise almost 1,500 feet to its pinnacle. While the architect has not been confirmed, YIMBY is strongly suspicious that the design is by Foster + Partners, the firm responsible for the nearly-complete 425 Park Avenue.
Commercial developer Marx Realty has returned with the first completed images of its newly branded office tower at 10 Grand Central. The $45 million project entails a redesign and repositioning of the building’s lobby away from its original 44th Street location to provide more immediate access to Grand Central Terminal.
Ceruzzi Properties has officially launched sales at The Centrale, a new 71-story condominium building designed by Pelli Clarke Pelli with executive architects SLCE. Located at 138 East 50th Street, the structure towers 800 feet above Midtown East, Manhattan and contains 124 residential units.
Construction has topped out at 315 East 46th Street in the Midtown East neighborhood of Turtle Bay. The site was once planned as 25-story condominium tower, but the project was scrapped due to financial issues during the early years of the Great Recession. Now, nearly ten years later, the property is heading toward completion as the nine-story home of the consulate of the United Arab Emirates. The reinforced concrete structure is being designed by Skidmore Owings & Merrill and developed by Fisher Brothers. Plaza Construction is building the 145-foot tall tower and will soon begin to install the curtain wall.