Posted Nov 20, 2024, 7:30 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,199
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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
Quote:
The firm is proposing a 193,000-square-foot building at 655 Madison Avenue that will include 62 residential units and commercial space, according to property filings. Maxwell Pau of Beyer Blinder Belle is the architect. The existing 200,000-square-foot office building would be demolished.
Barnett, in a brief phone call, declined to comment except to say he plans to build “the usual stuff.” Barnett is known for developing luxury condominiums, such as Central Park Tower.
….. It is a block from the southeast corner of Central Park, offering Barnett a chance to build apartments with commanding views of the park. It’s a formula that Extell and others have employed to sell units for tens of millions of dollars.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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