as of now, there are no signs of this assemblage being combined with 405 Park Avenue
At two stories tall, the building at 407 Park Avenue stands out for being short.
The buildings on either side of it are six or seven times taller. One of them, a 14-story, 29-unit cooperative at 417 Park Avenue, was sold for $184 million last year to two real estate firms planning a larger project on the site.
The 2017 Midtown East rezoning allows for 32,000 square feet at the address, which the new owners can combine with the 220,000 permitted next door to do a sizable office project, according to the publication.
agreed on the legalese, this is for all intents and purposes a publicly recorded draft and nothing solid, and since its from 2020 that’s probably not a good sign. But it does mean that the two parties are at least discussing a deal. The full demolition permit for 405 is more interesting, that means a change in plans. That was only supposed to be a 4 story addition plus a new curtainwall.
Doesn’t look like this ones gonna be combined with the 405 Park Avenue lot as some had hoped for and was suggested in the last update for 405. Excavation has already started for this tower. According to the floor area mentioned in the article, this one should be around 2/3 the size of 415 Madison Ave.