NEW YORK | 655 Madison Ave | 1,162 FT | 74 FLOORS

[jackster99]

So this is going to really ruin some of the park views from the ultra high end units in 520 park. Those owners are not going to be pleased.

[mrnyc]

Originally Posted by ChiND

Isn’t the new facade only about ten to twelve years old? (Not that that marginal investment would warrant saving a crappy, worthless office tower that occupies a hyper-prime spot in which an Uber-luxurious hotel/condo can rise.)

yep, it got a reno in 2008 —



Madison Avenue Building Gets New Look

Oct. 24, 2008


Interior construction has started at 655 Madison Avenue in New York City, architectural firm Montroy Andersen DeMarco announced. The 193,000-square-foot, 25-story office building at East 60th Street is undergoing a significant modernization program that will reposition it in the Plaza District marketplace.

The renovation of the building includes a new high-efficiency glass-and-granite exterior, a new lobby, new glass-walled elevator cabs, and new ceiling-mounted air-conditioning units, which yield more useable floor area for tenants. The building's life-safety systems have been upgraded to make the floors fully sprinklered. In addition, there will be new sidewalks on both Madison Avenue and 60th Street and improved prebuilt office space. A total of 75,000 square feet will be renovated.


more:
https://www.iands.design/industry-ne...-gets-new-look

[ChiND]

Originally Posted by mrnyc

yep, it got a reno in 2008 —



Madison Avenue Building Gets New Look

Oct. 24, 2008


Interior construction has started at 655 Madison Avenue in New York City, architectural firm Montroy Andersen DeMarco announced. The 193,000-square-foot, 25-story office building at East 60th Street is undergoing a significant modernization program that will reposition it in the Plaza District marketplace.

The renovation of the building includes a new high-efficiency glass-and-granite exterior, a new lobby, new glass-walled elevator cabs, and new ceiling-mounted air-conditioning units, which yield more useable floor area for tenants. The building's life-safety systems have been upgraded to make the floors fully sprinklered. In addition, there will be new sidewalks on both Madison Avenue and 60th Street and improved prebuilt office space. A total of 75,000 square feet will be renovated.


more:
https://www.iands.design/industry-ne...-gets-new-look

Thanks! That’s what I thought.

[NYguy]

https://nypost.com/2024/08/25/busine...tery-makeover/

NYC’s most fashionable shopping corridor is getting a mystery makeover





By Steve Cuozzo
Published Aug. 25, 2024

Uptown Madison Avenue, the city’s premier luxury shopping corridor, faces momentous change on the gilded blocks where East Midtown meets the Upper East Side.

Two large office retail buildings are being demolished for new, mixed-use projects about which little is known. Meanwhile, wealthy fashionistas and even wealthier real estate investors wonder what’s to become of the former Barneys building, which has been vacant for four years.

We first reported in July that Related Cos. will take down 625 Madison between East 58th and 59th streets for a mixed-use supertall tower that may rise to more than 1,200 feet. Related’s Jeff Blau told us it will take nine months to demolish the structure and an adjoining one for a skyscraper with luxury condos, stores and perhaps a hotel. Scaffolding now covers the entire property.

Now comes word via Crains that demo plans were also filed at 24-story 655 Madison between East 60th and 61st streets. The owners, a joint venture that includes Jamestown and Williams Equity, plan “a mixture of retail, hospitality and residential,” Williams co-principal Michael T. Cohen told the Commercial Observer earlier.

As at 625 Madison, retail tenants have moved out — most notably Marc Jacobs, which had the large south corner. Although a sign promises the designer is moving to a new Fifth Avenue location, no lease on Fifth has been announced. (As we reported, negotiations at 645 Fifth went nowhere.)

Adding to uncertainty about the future, the elegant but empty 10-story former Barneys at 660 Madison — across the avenue from 655 Madison — continues to baffle real estate insiders and, according to the Real Deal, to frustrate main owner Ben Ashkenazy’s investors.

Madison Avenue Business Improvement District president Matthew Bauer took an optimistic long view.

“What makes Madison Avenue distinct from other luxury retail destinations around the world is that the majority of the customer base is very local,” Bauer said.

“These new buildings will not only bring new shopping and hospitality venues to the district, they will bring residents who shall be clients for our stores, restaurants, spas, salons and galleries.”

He noted that since both the new 625 and 655 Madison “will likely now have a major residential component,” they will “follow the recent precedents of new construction on Madison with high-end retail on the lower floors, and luxury residential above.”

Demo plans have been filed to knock down 24-story building at 655 Madison Ave.

[NYguy]

Gary must be excited.


https://therealdeal.com/new-york/202...sells-for-79m/

Zeckendorfs’ final penthouse at 520 Park Avenue sells for $79M
Duplex traded in all-cash deal, marking NYC’s fourth-priciest deal in 2024

[ChiND]

Originally Posted by NYguy

Gary must be excited.


https://therealdeal.com/new-york/202...sells-for-79m/

Zeckendorfs’ final penthouse at 520 Park Avenue sells for $79M
Duplex traded in all-cash deal, marking NYC’s fourth-priciest deal in 2024

I agree, I’m really curious about Soloviev. I really hope that he does not squander what’s presently the most magnificent residential site under development in NY.

[NYguy]

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