Construction loans follow construction. The vast majority of projects don’t receive a final loan until they’re well out of the ground.
This is a great project, BTW. Perfect for the location. Fifth needs more tall, skinny towers, especially south of 42nd, where there are a number amount of sites.
NYC isn’t Paris or Rome. It should never be a stagnant museum city. Already half of Manhattan is landmarked, the remainder should be fair game when there are development rights.
Just because it’s not Paris doesn’t mean it 1) doesn’t have beautiful historic districts that should be preserved and 2) doesn’t mean scale shouldn’t be considered. I don’t want a skyscraper in a Greenwich Village, nor do I ever want to see one south of the Flatiron on Fifth (as has been mentioned, this stretch is very special).
Most developers don’t have a problem with knocking down a gorgeous historical building to put up a soulless tower (like this one) if you let them. They’ve already done so countless times in this city. You shouldn’t just let them do it.
I can see where you are coming from because if NY always always thought that way then technically the Empire State Building should have never been built in the first place. Because realistically it was drastically out of place for its time. Same with the Eiffel tower.
And while I agree NY shouldn’t be a stagnant museum I do think there should be districts that are protected. To expand on your museum analogy many museums don’t just show the classics, many also include modern art. However these museums are carefully curated to give the user a more pleasant experience. That’s why you don’t see a Warhol in the renascence wing.
Also to further the museum analogy the problem is that todays “value engineering” has pretty much destroyed architecture as an art form. It’s almost like we are going into museums and replacing the art with a billboards.
Walking from Madison Square Park up 5th Ave the ESB is such a dramatic imposing sight. That view definitely needs to be protected. This image doesn’t do it justice. In person the ESB just has this massive presence. Everyone stops all along 5th to take pictures. I can’t imagine a skinny supertall directly in front. It will be awful.
I assume that this PoS is stalled. Hopefully, it will be redesigned.
NoMad’s First Planned Supertall At 262 Fifth Avenue Appears Stalled, In Midtown Manhattan
Situated at the southwestern corner of Fifth Avenue and West 29th Street is the site of a proposed 1,009-foot condominium tower, known as 262 Fifth Avenue. Renderings were first released in late 2017, showing the very skinny and slender residential building towering over NoMad and Midtown South. Composed of a mix of glass and aluminum walls, the supertall would certainly stand out on the skyline for its height and profile. After the DOB approved plans back in October of 2017, the site was quickly cleared of the previously extant low-rise buildings, however, activity has come to a grinding halt since then. Boris Kuzinez of Five Points Development is developing the tower, while the architect is Meganom, a Russian design firm from Moscow.
After demolition, the site sat relatively quiet for much of 2018 behind the ubiquitous green construction fence surrounding the property. It stands across the street to the south of Marble Collegiate Church and the planned site of Bjarke Ingels Group’s future office tower at 3 West 29th Street, aka “29th & 5th.” YIMBY last reported on that site several weeks ago, with the first signs of progress and site preparation already underway. Looking back to 262 Fifth Avenue, it is unclear if Meganom’s vision will start to rise this year, and current lack of progress points toward a situation that may never get of the ground.
With only 139,168 square feet of residential space, the footprint of 262 Fifth Avenue would be smaller than Rafael Vinoly’s 277 Fifth Avenue. The height of Vinoly’s tower, however, would easily be surpassed if this skyscraper is completed.
262 Fifth Avenue’s most striking design aspect is the alignment of the building looking up and down the thoroughfare. If built, the tower would easily be seen from Madison Square Park, Herald Square, and the observatory of the Empire State Building, only four blocks to the north. At street level, 10,850 square feet of retail space on the first two floors are proposed to face Fifth Avenue. Up above, a mere 41 residential units are planned, measuring nearly 3,000 square feet each.
The elevator cores would be situated on the western side of the footprint and face west towards the Hudson River. The cores would run up the entire height of the skyscraper, enclosed within a skin of reflective aluminum panels.
Credit:NYY
A late Christmas gift, the true Miracle Near 34th Street.
Cue the hallelujah chorus!
Never thought I’d be so happy to hear lack of progress in construction of a 1000 ft building.
slce architects updated their website with a bunch of more recent projects they’re on board with. This tower is included with an estimated completion date of 2022, indicating that it still is very much in the works.
I think it would actually look better without that gimicky looking crown. A very weird resolution at the top.
Are they going to build this? I’m still unclear of its current status
This building would make a great filler in the skyline
I might be in the minority in hoping this doesn’t get built.
No, I’m with you.
Me too.
This, Tower Fifth, and HFZ’s 29th St projects are TERRIBLE.
Me too. Just imagine what this will look like from Washington Square up 5th Ave. That beautiful view of the Empire State Building will be marred forever!
