Midtown East


Rendering of new entryways at 545 Madison Avenue - Marx Realty; Studios Architecture

Marx Realty Announces $24 Million Renovation of 545 Madison Avenue in Midtown

Marx Realty has announced an extensive renovation project at 545 Madison Avenue to modernize the Midtown office building. The scope of work includes an overhaul of the lobby, creation of pre-built tenant suites on the third and 14th floors, and the construction of 5,000 square feet of new amenity spaces. According to representatives from the company, total construction costs for the project hover around $24 million and represent the growing demand for offices with hospitality-oriented amenities.

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The Chrysler Building. Photo by Michael Young

LPC to Review Proposal for an Observation Deck at the Chrysler Building

Proposals to construct a new observation deck on the upper floors of the Chrysler Building have arrived for review by the Landmarks Preservation Commission. As promised by Aby Rosen, co-founder of RFR Holding and part-owner of the Midtown East icon, these plans comprise just one phase of his vision to invigorate interior spaces of the landmark at 405 Lexington Avenue with new restaurants, a food hall, and retail spaces.

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232 East 54th Street’s Curtain Wall Takes Shape, in Midtown East

Exterior work is progressing on 232 East 54th Street, a topped-out 420-foot-tall residential tower in Midtown East. Designed by Ismael Leyva Architects, the 40-story structure is located between Second and Third Avenues near a number of notable buildings such as the Lipstick Building at 885 Third Avenue and the 915-foot-tall Citigroup Center, aka 610 Lexington Avenue. YIMBY last reported that Elk Investors was listed as the exclusive developer of the building, though ownership may have fully transferred to Mossanen Group and an LLC known as East 54th St. Properties.

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