The Park Avenue corridor north of Grand Central is about to sprout yet another major new addition. 432 Park Avenue opened as the tallest residential tower in the country earlier this decade. 425 Park Avenue is currently under construction, and will soon become an 892-foot tall office building. And now, 270 Park is set for demolition and rebirth as a supertall, stretching to an eventual pinnacle 1,200 feet above street level.
Last week, YIMBY was taken on a tour of 175 Greenwich Street, aka 3 World Trade Center, visiting the rooftop, the terrace, and the lobby. The building, located in the heart of the Financial District, has made incredible progress, with the façade now complete save for windows connected to the exterior hoist. Interior work is also approaching the finish line.
Permits have been filed for a two-story commercial building at 1968 2nd Avenue, in East Harlem, Manhattan. The site is three blocks away from the 103rd Street Subway Station, serviced by the 4 and 6 trains. Five blocks to the south is the 96th Street Subway Station, serviced by the Q trains. An anonymous LLC is listed as responsible for the development.
Financing has been secured for a new eleven-story conversion at 25-11 49th Avenue, in Long Island City, Queens. The site was sold to Normandy Real Estate Partners and Keystone Equities in September 2016 for $39.1 million, at over $200 per buildable square foot. The rendering reveals their plan is to refurbish the existing two-story facility, build up eight stories along half the extant area, while using the other half of the roof for green space.
Earlier last week, YIMBY got the opportunity to see the mountainous Midtown neighborhood, the rising towers in Queens, and the Upper East Side from the penthouse of 252 East 57th Street. The full-floor apartment had two terraces on the Northwest and Southeast edges of the building, from which we were given an eye-to-eye look at several high-rises on the rise.