NEW YORK | 655 Madison Ave | FT | FLOORS

[The New York Lion]

Amazing.

A 1,000' Stern tower here would sell like crazy.

We are getting closer and closer to 100 Manhattan supertalls.

[NYguy]

I don't think a supertall will rise on this site. If they get to 700 ft on this site alone, that would be good. It's not a very large site. Between 200-250k sf could give it a height somewhere around 520 Park Avenue. That one is about 780 ft. Though that building is built with a FAR of 8.


The numbers for total built and zoning space for 520 Park...

[ChiND]

I’d be happy with 700-800’ here.

[ChiND]

I read that this likely will be about 500’ and might have a scale similar to 200 E 83rd. I’d be happy with that.



Www.ramsa.com

[Crawford]

I hope it's a supertall, and a traditional-style design. It would be amazing to have three residential supertalls on this short stretch of Madison.

[ChiND]

https://therealdeal.com/new-york/202...strict-office/

Plaza District office slated for demolition
Williams Equities principal hinted 655 Madison’s retail, housing potential

[NYguy]

Originally Posted by Crawford

I hope it's a supertall, and a traditional-style design. It would be amazing to have three residential supertalls on this short stretch of Madison.

I'd be very surprised it a supertall got built on this site.

[NYguy]

https://nypost.com/2024/08/22/real-e...or-demolition/

A 1950’s tower on Madison Avenue in Manhattan is slated for demolition




By Mary K. Jacob
Aug. 22, 2024

Williams Equities is gearing up to demolish its 24-story office tower at 655 Madison Ave., according to a recent filing with the Department of Buildings, Crain’s reports.

The 310-foot-tall, 200,000-square-foot structure is expected to make way for something entirely new, though the exact plans remain under wraps.

Williams Equities, a near-century-old New York real-estate player, isn’t going at this alone. The firm is reportedly working with Jamestown to raze the building.

”We’ve emptied out a building in the Plaza District,” Cohen said. “SL Green had 625 Madison; ours is a stone’s throw away at 655 Madison. We’re going to see those buildings get torn down and replaced probably by a mixture of retail, hospitality and residential.”

Neither Williams nor Jamestown is coughing up more details, leaving the city to speculate about what could rise in place of the 1950s-era office tower, which was spruced up in 2005.

[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.)

[NYguy]

^ Don't know.



Since they are moving forward with demo here, this will most likely be built as-of-right. And it will be competing directly with Related's 625 Madison Avenue. This area of midtown will produce ultra-luxury towers, so I do wonder if they will try to achieve a tall tower simply because of the 625 project.



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There will be a lot of ongoing demo in the immediate area...

[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.

[NYguy]

Originally Posted by 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.

Tough. They should have got a unit in Central Park Tower. But it's more to it than just the views.

[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

[SkyHigher]

Originally Posted by ChiND

I’d be happy with 700-800’ here.

Originally Posted by ChiND

I read that this likely will be about 500’ and might have a scale similar to 200 E 83rd. I’d be happy with that.

What happened in the space of nearly two hours between those posts.

[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.

[Ahoi]

According to the latest information in the DOB, the demolition has been authorised.

Hopefully there will be another supertall here, two supertalls could be created at the same time.

[NYguy]

Site photos from DOB

[ChiND]

I can’t wait to see this come down!

[NYguy]

https://www.bloomberg.com/news/artic...wer-for-condos

Billionaires’ Row Developer Buys NYC Office Tower for Condos
-Extell’s price for 655 Madison Ave. is more than $200 million
-Elliott-backed Tyko Capital provides financing for the deal


By Natalie Wong
October 16, 2024

Extell Development, the company behind some of Manhattan’s most expensive condo skyscrapers, bought a Madison Avenue office property with plans to build luxury housing and retail at the site.

The developer purchased 655 Madison Ave. — between 60th and 61st streets — from Williams Equities for more than $200 million, according to people familiar with the deal. Tyko Capital, which is backed by Elliott Investment Management, is financing the acquisition, one of the people said, asking not to be named discussing a private matter.