I really hope that these sites are combined. It would be a crime not to.
Mr. Gorbachev…
STC 28Jan
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A good site for a Supertall
It’s actually not, this site is less than half the size of the neighboring 425 Park Ave lot, which itself is only 860’. Even both sites combined (405+417) have a smaller lot area than 425.
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As I recall though, 425 was built before the rezoning took effect.
That may be, but it was still built as if the MER had already been in effect with a +/- 25 FAR. This is because the building used part of the original 425 PA to avoid decreasing it’s FAR had it been demolished completely.
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It’s a bargain compared to the entirely vacant 405-417 Park Ave. blockfront between East 54th and 55th streets being marketed by Newmark — with pricing around $500 million — for a potential tower of 700,000 square feet
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Hopefully Extell can get the whole block.
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There are 3 landmarked sites on the block that cant be demolished. So even if any developer got all the remaining sites on the block they would have to work around the 3 landmarked lots.
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I see.
And there’s chatter that Gary (as he does) isn’t content w/ just those sites for his assemblage: he’s also making a play for Parkoff-owned 110 E 55th St. and maybe even the 54th St. home of secretive private club the Brook.
https://www.thepromote.com/p/inside-sf-s-hotel-heist-of-the-year-barnett-megadeal-chatter