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

[NYguy]

There is a lot in motion with Extell. They haven't even publicly released renderings for the Torch, which is well under construction. The same happened with CPT. But we get the gist of what this building will look like.

[ChiND]

Originally Posted by NYguy

…But we get the gist of what this building will look like.

I agree. TK essentially said that. The question is whether they’ll add an extra setback or just elongate what’s been shown thus far. Alternatively, will they fatten what’s been shown thus far.

[NYguy]

https://nypost.com/2026/04/22/real-estate/a-look-inside-the-latest-crop-of-nyc-super-towers/

Inside the new ultra-towers set to transform the NYC skyline in the coming years


By Lois Weiss
April 22, 2026

....Another law firm, Simpson Thacher, is still negotiating its lease as the anchor for Gary Barnett’s upcoming 1.6 million-square-foot tower at 570 Fifth Ave. with Ikea as another investor and retail tenant, that will have room for another 350,000 square feet of companies on the top.

Asking rents for this KPF-designed tower are roughly $225 to $290 per foot.

[NYguy]

Massive lease…


https://commercialobserver.com/2026/06/simpson-thacher-finalizes-lease-extell-570-fifth-avenue/

Law Firm Simpson Thacher Finalizes 916K-SF Lease at Extell’s 570 Fifth Avenue
The new lease is more than 200,000 square feet larger than the law firm's original deal


BY AMANDA SCHIAVO
JUNE 1, 2026

Global law firm Simpson Thacher & Bartlett has finalized the largest Manhattan office deal signed in May.

The law firm, which specializes in corporate transactions and private equity, signed a 916,000-square-foot lease at Extell Development’s office development at 570 Fifth Avenue, according to a memorandum of lease filed in property records and a new Manhattan office report from Colliers.

The new lease is more than 200,000 square feet larger than the law firm’s original deal. In September, Simpson Thacher was in talks to lease roughly 700,000 square feet at the Midtown skyscraper, Commercial Observer reported. The details of the change in square footage were unclear, but the lease memorandum noted an “execution of lease” date of May 8.

This is why new office towers keep getting built in the city.

[ChiND]

I’m very curious as to the final design of this tower. I believe that the basic design will remain, but will there be more setbacks, or will it just rise up further? Will it also get fatter?

Someone posted this image from a Forbes Article in Post 412 on this thread.

It would be nice if this is the final design.

[TKD]

Originally Posted by ChiND

I’m very curious as to the final design of this tower. I believe that the basic design will remain, but will there be more setbacks, or will it just rise up further? Will it also get fatter?

Someone posted this image from a Forbes Article in Post 412 on this thread.

It would be nice if this is the final design.

That was way before the building got larger. Also way beyond zoning allowances for the streetwall height.

[ChiND]

Originally Posted by TKD

That was way before the building got larger.

You know this better than I do, but this shows it occupying the whole block and the adjacent site that was acquired to the west on 46th Street.

This seems much taller than the latest renderings than were shown (below), and it has a few more setbacks.

Anyway, I'm sure that you've seen the final version, so I'll take your work for it.

[TKD]

Originally Posted by ChiND

You know this better than I do, but this shows it occupying the whole block and the adjacent site that was acquired to the west on 46th Street.

This seems much taller than the latest renderings than were shown (below), and it has a few more setbacks.

Anyway, I'm sure that you've seen the final version, so I'll take your work for it.

You're not wrong that the render is showing a bigger building, but that is not representative of the recent enlargement of the building relative to the shorter tower, since it is a render from before the building got bigger. Essentially, it is a render to disregard (the Forbes article one).

[ChiND]

Originally Posted by TKD

You're not wrong that the render is showing a bigger building, but that is not representative of the recent enlargement of the building relative to the shorter tower, since it is a render from before the building got bigger. Essentially, it is a render to disregard (the Forbes article one).

Thanks. I know that you can't reveal any details, but do you at least know when the larger, final design will be publicly released?

[TKD]

Originally Posted by ChiND

Thanks. I know that you can't reveal any details, but do you at least know when the larger, final design will be publicly released?

I don't know anything about the redesign, but one could assume that decision would ultimately depend on when Extell wants to release a new render or not.

[ChiND]

Originally Posted by TKD

I don't know anything about the redesign, but one could assume that decision would ultimately depend on when Extell wants to release a new render or not.

Thanks

[giantSwan]

This needs to be double the height for what they destroyed

[NYguy]

https://www.bizjournals.com/newyork/news...n-thacher-nyc-offices-570-fifth-ave.html

Simpson Thacher signs Manhattan's largest office lease of 2026 so far


By Kevin Smith
Jun 1, 2026

Simpson Thacher & Bartlett has secured 916,000 square feet at 570 Fifth Ave., according to a Colliers report.

The law firm's lease is exceeded only by Bank of America's expansion in Midtown among Manhattan's largest office deals so far this year.

https://www.crainsnewyork.com/real-estat...rt-may-manhattan-office-market-20260601/

Massive law firm, Google deals put Manhattan office market on pace for best year since 2000


By Julianne Cuba
June 01, 2026

Manhattan’s long-suffering office market is on track to have its best year since 2000, thanks in part to two massive leases signed in May.

The law firm Simpson Thacher & Bartlett inked a 916,000-square-foot lease at 570 Fifth Ave. in Midtown, the second largest office lease of the year so far, while Google signed a 411,000-square-foot renewal for its space at 315 Hudson St. in Hudson Square, according to Colliers’ May report on the sector. These deals contributed to 4.2 million square feet in total leasing volume last month, representing a 17.3% increase from April and exceeding May’s 10-year monthly average of 2.8 million square feet by more than 50%, the report says.

Reports surfaced in the fall that Simpson Thacher would take about 700,000 square feet at landlord Extell Development’s 570 Fifth Ave. project, which will also include Manhattan’s first Ikea. It is unclear why the law firm ultimately opted for more space. Neither Simpson Thacher nor Extell responded to requests for comment by press time.