About a third of the proposal would be condos, but about a third of it would also be retail, a significant development for Fifth Avenue. Nordstrom, if you had only waited.
It's noteworthy that the earliest this thing could likely get built is 2025 - eight years from now. By then, the towers rising now, and even some that have yet to begin will have been built. This would be among the new product, possibly along with a built 80 South Street, maybe Gary Barnett's own Fifth and Eighth Avenue towers.
As simply a rebuilding project, it will be an amazing sight to see.
