[JSsocal]

Not sure if this is a net gain. Losing 1.5m sf of office space in a more then decent building for ultra-luxury units isn't beneficial to the area, and it's not the best use of this parcel, (as we know its very hard to find big rectangular plots in midtown east).

This certainly feels like a vanity project, and one certainly can't help but point out the proximity to Kushner's father-in-law's tower 3 blocks away. This has all the trappings of a Trump tower 2.

That said the touted 'vertical mall' is very appropriate for 5th avenue (that could certainly be done to the existing structure), and 1,400 ft buildings are always exciting. If it is a zaha project it has the potential to be a very significant building.

This building sits on top of the 53rd street EM station, it's more then worthy of a boost in far and air rights to accommodate a residential addition on top.