https://therealdeal.com/new-york/2025/08...ers-800-fifth-avenue-with-jpmorgan-loan/
Based upon this article, I assume that the tower won’t be much taller than the Sherry Netherland or The Pierre, but I suspect that it will be ineffably spectacular!
Quote:
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He plans to tear down the existing building and replace it with a new tower, according to a source familiar with the project. Naftali’s new development consultants at Compass had calculated that he could sell condo units in a new building on the site for $11,000 per square foot, The Promote previously reported.
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This piece of junk can’t come down fast enough.
Homes.com