Posted Jan 16, 2021, 1:11 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,914
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https://patch.com/new-york/midtown-n...venue-building
Permits Filed To Demolish 17-Story Park Avenue Building
The Midtown office building will reportedly be rebuilt into a taller tower after owners purchased air rights from St. Patrick's Cathedral.
Nick Garber
Jan 15, 2021
Quote:
Permits were filed with the city on Wednesday to demolish a 17-story office building on Park Avenue that is reportedly set to be rebuilt into a glassy tower.
The current building, at the corner of Park Avenue and East 54th Street, was purchased by MRP Realty and Deutsche Bank Asset Management in 2016, according to the Architect's Newspaper.
Two years later, the owners purchased the air rights of St. Patrick's Cathedral, allowing them to gut their building and raise the height by four stories, as well as install a new all-glass façade, according to the newspaper.
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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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