Midtown East


Structural Framework Finished for 425 Park Avenue’s Parapet Fins, in Midtown East

YIMBY last checked in on the construction progress and installation of the structural frames for 425 Park Avenue‘s trident of parapet fins back in August. Now all three are in place above the flat roof of the 47-story, 897-foot-tall Midtown East structure. The office tower is designed by Norman Foster, head of Foster + Partners, and is being developed by L&L Holding Company LLCAdamson Associates is the architect of record.

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YIMBY Scopes Views From One Vanderbilt’s Steel Crown in Midtown East

YIMBY recently went on a hard-hat tour of Kohn Pedersen Fox’s One Vanderbilt. The topped-out 1,401-foot supertall is currently the tallest skyscraper in Midtown East and the third tallest in the city by architectural height, when measured to the tip of the 100-foot-tall spire. SL Green is the developer of the 77-story commercial office property, which is set to have a three-story indoor and outdoor observatory perched 1,020 feet above the busy Midtown streets. The crown will eventually be covered in a glass curtain wall that should most likely be lighter in appearance than the mixed terracotta and glass assembly that covers the rest of the structure.

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Tower Fifth, rendering by TMRW via Gensler / the NY Times

Macklowe Properties Lands $192 million Refinancing for Tower Fifth Supertall

Macklowe Properties recently negotiated a refinancing package to the tune of $192 million for Harry Macklowe’s three Midtown parcels. Two of the lots, 5 East 51st Street and 12 East 52nd Street, could be the home of Tower Fifth, a 1,556-foot-tall office tower and New York City’s future tallest building by roof height. The refinancing from Fortress Investment Group also includes the 17 East 47th Street site and a new $50 million mortgage replacing a $124 million loan.

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