Posted Jul 6, 2017, 7:15 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,718
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NEW YORK | 316 Fifth Ave | 535 FT | 40 FLOORS
https://therealdeal.com/2017/07/06/cottonwood-planning-a-40-story-condo-tower-on-fifth-avenue/
Cottonwood planning a 40-story condo tower on Fifth Avenue
27-unit project would be part of developer's luxury brand Echelon
By Will Parker
July 06, 2017
Quote:
Developer Cottonwood Management wants to bring 27 expansive luxury condominium units to a new 40-story tower one block south of the Empire State Building, according to plans filed Thursday with the city’s Department of Buildings.
The project is the second in a luxury lifestyle brand Cottonwood has less than subtly dubbed “Echelon,” which includes a 733-unit project already underway in Boston.
The New York development, slated for 316 Fifth Avenue, would replace the 113-year-old Kaskel & Kaskel Building at the corner of 32nd Street. Plans call for what will be a slim, 535-foot tower that will hold just 59,240 square feet of space. Retail space is scheduled for the ground floor and two units on the higher floors will be two-level apartments. Amenities include terrace space, a gym and a reading room.
Cottonwood purchased the development site for $19.3 million in 2016.
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