Related Companies to build 1,200-foot skyscraper on Madison Avenue
By Steve Cuozzo
July 14, 2024
Quote:
Related Companies plans to build a supertall skyscraper on Madison Avenue rising to 1,200 feet, Related CEO Jeff Blau revealed to Realty Check.
The cloudbuster comprising luxury condos, stores and perhaps a hotel will rise at 625 Madison Ave., a property that includes next-door 39 E. 58th St., former home of restaurant Lavo.
Although Related’s desire for a new building was previously reported, its enormous scale was not known until now.
Related’s Madison Avenue skyscraper comes into focus
Tower at 625 Madison Avenue slated to reach 1.2K feet
JUL 15, 2024
Quote:
The developer’s plans at 625 Madison Avenue, which it picked up in December from SL Green for more than $600 million, will rise 1,200 feet, the New York Post reported.
The Real Deal previously reported the Manhattan high-rise will include retail, a hotel and condos, with luxury hotel and retail brands already in talks for the coming project.
Relate CEO Jeff Blau told the Post the property does not require zoning changes, but is facing “nine months of demolition ahead.”
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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.
I actually thought this would be somewhat taller. Hoping there's a crown to bring it a little higher, more around 1,400 ft., like 432 Park and 111 W.57 heights.
But even at 1,200 ft., this will be a major skyline presence. And given the ultra-prime location, likely a major architectural statement.
I'm also wondering if 650 Madison is next. That's another outdated tower, in the same neighborhood, where a developer has been emptying the office space of tenants, and where you could build a residential or residential-hotel supertall as-of-right.
I actually thought this would be somewhat taller. Hoping there's a crown to bring it a little higher, more around 1,400 ft., like 432 Park and 111 W.57 heights.
But even at 1,200 ft., this will be a major skyline presence. And given the ultra-prime location, likely a major architectural statement.
I'm also wondering if 650 Madison is next. That's another outdated tower, in the same neighborhood, where a developer has been emptying the office space of tenants, and where you could build a residential or residential-hotel supertall as-of-right.
650 will rise in time. I can't imagine anything but a 1000+ show stopper.
NYC will have 100 supertalls in my lifetime.
The march continues apace.
__________________
"Could I begin life again, knowing what I now know, and had money to invest, I would buy every foot of land on the Island of Manhattan." -John Jacob Astor
Don't know what firm is working on the design, but whatever rises here, together with 41 W. 57, will make the Billionaire's Row ensemble more interesting.
“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.
“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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