NEW YORK | 574 5th Ave (Extell) | 567 FT | 32 FLOORS

[Busy Bee]

As long as the finishes are top of class I am perfectly fine with either.

[JMKeynes]

Originally Posted by Busy Bee

As long as the finishes are top of class I am perfectly fine with either.

It appears that the finishes of both will be very high-end, but I like this condo’s thinner appearance.



Both versions could use a few more setbacks, but this is particularly true with respect to the office tower IMO.

[rgarri4]

Are there any higher res renderings of the full tower? Or is this it for now?

[chris08876]

I haven't seen any higher res. I'd imagine with some AI upscaling though, the present renderings could look a lot better.

700x1200 pixels. Scale that up to say 4k.

But as this moves through the motions, high resolution and fresh renderings will arise.

[NYguy]

Once approvals officially begins, we should get some better looks at it. But I’m also perfectly fine with either version. This will be a high quality addition, and not just another blue box.

[Crawford]

I'd take Extell's narrative over that of the NY Post. They're entertaining, but rarely right.

[Busy Bee]

Originally Posted by Crawford

I'd take Extell's narrative over that of the NY Post. They're entertaining, but rarely right.

That's one way of putting it.

[JMKeynes]

Originally Posted by Crawford

I'd take Extell's narrative over that of the NY Post. They're entertaining, but rarely right.

That’s true.

[NYguy]

Spotted from above...


lensepix

[NYguy]

Some activity going on on site, in addition to the continued demolition. Obviously no construction activity, as this hasn't begun the official approvals process yet.

[chris08876]

Credit: Oppix56

[chris08876]

Credit: Oppix56

[NYguy]

JUNE 25, 2022

[chris08876]

Demolition, Excavation Continue For Extell’s Potential Supertall At 570 Fifth Avenue In Midtown, Manhattan

Demolition is progressing at 570 Fifth Avenue, the site of a potential supertall skyscraper in Midtown, Manhattan. Developed by Extell, the tower could reach an architectural height of 1,100 feet tall with 78 stories in a 1,462,174-square-foot mixed-use hotel and residential scheme. As an office tower, the building would stand 860 feet tall with 47 stories and 1,543,759 square feet. 46/47 Owner LLC is the owner and ALBA Services is the general contractor for the property, which is located at the corner of West 46th Street and Fifth Avenue.

At the time of our last update in early March, demolition work was just beginning on the two old structures at 2-8 West 47th Street and 10 West 47th Street. Since then, several floors have been removed from both, and scaffolding and an additional exterior elevator have been added to aid in their razing.

Excavators have piled a large amount of dirt along the border of Fifth Avenue, while more machinery has arrived on site.

It was reported that foundation work is expected to last roughly 12 months, followed by superstructure and exterior construction taking 28 months with a three-month overlap with the initial below-grade work, and then interior work, also lasting 28 months with an overlap of 11 months with the previous stage in construction.

570 Fifth Avenue’s completion is estimated for around the end of 2027 to early 2028, based on the schedule above.

===================
NYY

[JMKeynes]

These designs are decent, but I hope that they're not final. A crown would be nice. I think that Extell's condo on 66th St looks much better.

[NYguy]

JULY 9, 2022

[NYguy]

AUGUST 27, 2022

[NYguy]

Hard to say if Extell will land a tenant, or go the residential way. But there will be a lack of new building space available, with the newest towers filling up.


https://therealdeal.com/2022/09/02/m...-of-covid-era/

Companies still want a piece of Manhattan.

Some 3.4 million square feet of office space was leased in August, the most since January 2020, when the first Covid cases began to pop up in New York City, according to a Colliers’ report.

Notably, space in Midtown is steadily getting harder to find. More space was newly leased than became available in Manhattan’s central business district decreased for the sixth straight month, as was the case for Manhattan as a whole.

“If demand continues at the same rate, Midtown is on pace to nearly match 2019 leasing volumes of 15 million square feet,” said Franklin Wallach, director of research at Colliers.

[NYguy]

September 16, 2022

[NYguy]

OCTOBER 8, 2022