Demolition preparations appear to have begun for Tower Fifth, a proposed 1,556-foot-tall office skyscraper by Macklowe Properties. Located along East 51st Street between Madison Avenue and Fifth Avenue, and directly to the north of St. Patrick’s Cathedral, the 96-story supertall would be the tallest structure by roof height in the city, eclipsing Extell‘s Central Park Tower by six feet. YIMBY last reported that the project team had successfully negotiated a $192 million refinancing package from Fortress Investment Group. The $1 billion development is planned to span two plots of land, 5 East 51st Street and 12 East 52nd Street.
Demolition has begun for JP Morgan Chase‘s 52-story former headquarters at 270 Park Avenue, which was once known as the Union Carbide Building. The financial titan is razing the 707-foot-tall mid-century skyscraper to make way for a massive 1,425-foot-tall, 2.5-million-square-foot supertall that will be among the tallest structures in New York City.
Perhaps the most exciting skyscraper project proposed for New York last year is 350 Park Avenue, a nearly 1,500-foot-tall skyscraper from Vornado Realty Trust and Rudin Management. After YIMBY broke the news on Vornado’s expected 2027 completion date for the tower back in February, we stopped by the site to check on the status of its current occupant. Located between East 51st and East 52nd Streets, a total of two edifices would need to be demolished to make way for the development.
Glass paneling is steadily enclosing the tiered crown of Kohn Pedersen Fox’s One Vanderbilt as the supertall inches closer to completion. Developed by SL Green, the 77-story, 1,401-foot-tall commercial office tower is by far the largest construction project underway in Midtown East and is among the most prominent new additions to the New York skyline.
Construction is finally about to go vertical at 9 DeKalb Avenue, the first supertall skyscraper in the outer boroughs. Designed by SHoP Architects and developed by JDS, the Downtown Brooklyn residential tower is planned to stand 1,066 feet above the neighborhood.