hmmm not sure I trust Extell to put up anything iconic. They're self competing pretty hard at the moment with One 57, Central Park Tower, One manhattan square and 138 Willoughby in Brooklyn.

Extell is the one developer you can count on putting up something as tall as possible, or as what makes sense for the site. Of any of the developers, if anyone is going to stretch it, its Extell. Of course, that doesn't mean it will be a supertall tower. The site is what it is.

https://commercialobserver.com/2024/...ooked-so-good/

By The Editors
October 20, 2024




From the earlier article...


https://commercialobserver.com/2024/...adison-avenue/

https://therealdeal.com/new-york/202...-avenue-tower/

Extell plans 37-story Madison Avenue tower
Gary Barnett will demolish office building to erect 193K sf of residential


NOV 20, 2024

I’d like to see a classic stone tower. BBB designed the Kent for Extell.

https://www.beyerblinderbelle.com/pr...=residential-1

Gary must be excited.


https://therealdeal.com/new-york/202...sells-for-79m/

Zeckendorfs’ final penthouse at 520 Park Avenue sells for $79M
Duplex traded in all-cash deal, marking NYC’s fourth-priciest deal in 2024

I agree, I’m really curious about Soloviev. I really hope that he does not squander what’s presently the most magnificent residential site under development in NY.

https://www.pincusco.com/wp-content/...ct-via-DOB.jpg
https://www.pincusco.com/extell-file...ught-for-159m/

The shape is utterly lame. Hopefully, it’s not a glass box. Extell lately doesn’t aim high.

Another article on the development, but paywalled:

https://www.uppereastsite.com/mega-d...-retail-space/

Mega-Developer Plans 55-Story-Tall UES Luxury Tower with Hotel & Retail Space
by Upper East Site Staff

The mega-developer behind some of Manhattan's priciest projects plans to construct a massive 55-story-tall tower featuring a mix of luxury apartments, hotel rooms and retail space on an Upper East Side lot already hosting a high-rise building.

I can't read it.

Is it still possible to cancel the plans to build a 37-storey building here? Even if it gets an interesting façade, it will be in the shadow of a supertall. I still hope that a skyscraper at least 700 feet high will be built here.

They can build according to the allowable square footage (FAR).

Fine, and what does FAR mean in general? What does it mean?
Are there already activities on site?

FAR = Floor Area Ratio, which means you can build to the size of the lot multiple times, depending on the FAR. That means if your lot is 10,000 sf, and your FAR is 15, you can build to 150,000 sf (10,000 x 15). Current residential FAR in the city (minus the new Midtown South districts) is 12. Which is why most of these residential developments include some type of commercial space at varying sizes. (Hotel, retail, etc.)

How it works out for this proposal:



https://a4.pbase.com/o12/06/102706/1...0mn6oa.nb1.jpg




https://a4.pbase.com/o12/06/102706/1...3SUVUs.nb2.jpg

Old construction pic

https://digitalcollections.nypl.org/...f-58d385a7b928

https://encrypted-tbn0.gstatic.com/i...deAuw8btWNyA&s

I found this on Yimby
https://655madisonave.com/mobile/floorplans.shtml

If I read the information correctly, the new building could be around 500 feet high.

https://us1.discourse-cdn.com/flex01...88367124b.jpeg

On YIMBY (JC_Heights): https://forum.newyorkyimby.com/t/new...loors/23652/26

I walked by here yesterday. Scaffolding is going up.