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

[NYguy]

JANUARY 18, 2022

[Busy Bee]

Interesting that they don't seem to be planning on wrapping around 276 Fifth like those massing diagrams suggested.

[NYguy]

Originally Posted by Busy Bee

Interesting that they don't seem to be planning on wrapping around 276 Fifth like those massing diagrams suggested.

They are. It was discussed. But the corner building is for sure staying.



• Video Link

[Busy Bee]

^ What I mean is the tower itself appears to be rectangular, not the L-shape stretching to the streetwall of 47th St as shown in the massing diagram. Obviously the base of the tower is L-shaped and wrapping around 276. I know 276 is staying, thank goodness.

[MAC123]

Would prefer the residential, I think the design looks just slightly better, not by much but just slightly. (Also another supertall in the crown.)

[JMKeynes]

Originally Posted by MAC123

Would prefer the residential, I think the design looks just slightly better, not by much but just slightly. (Also another supertall in the crown.)

I agree. The residential has a slimmer profile, which I like.

[NYguy]

Those earlier screenshots are horrible, here's a better look...



1.



2.



3.



4.



5.



6.



7.



8.



9.



10.



11.



12.




The Fifth Avenue rendering appears to have contemplated building on the full block of 5th...


13.



14.



15.



16.

[NYguy]

Gary Barnett says he really sees the site as the location of a trophy office tower, and that's hard to disagree with. It' a prime location. They're backing it up with the option of the residential tower, which Extell also does well. It's exciting either way to get this new tower on 5th Avenue. The design itself looks to be a good one, and I love the vertical elements. Also, it's looking like Midtown east will be the home of the "golden" towers, unlike the blue towers of Hudson Yards.

[JMKeynes]

Either iteration is a huge improvement over this filthy crap. I celebrated when the disgusting souvenir shop in the mock-Tudor finally closed.

[Busy Bee]

I'll take either one. I'm not sure I have a preference, though I wish the base on the mixed use version matched the height of 276 Fifth.

[Manitopiaaa]

Both designs are very beautiful, though I'm partial to the supertall because it's, er, a supertall.

[MAC123]

Originally Posted by Manitopiaaa

Both designs are very beautiful, though I'm partial to the supertall because it's, er, a supertall.

lol, guilty as well. Though I do like the design as well. Not a masterpiece or anything groundbreaking, but it's handsome.
We'll have to see though. They're pushing for the office, and I don't see any reason why they wouldn't get it.

[BuildThemTaller]

So it appears the design is not final and there are two options with similar massing. Did I get that right?

[JMKeynes]

It's interesting (and not surprising) that Extell requires an anchor tenant to proceed. With all of the new buildings rising or planned (e.g., 343 Madison, 415 Madison, 417 Park, 123 W 57th, 3 Hudson, 175 Park, 2 WTC, etc.), there’s a lot of competition for tenants. Personally, I'd prefer the residential tower.

Also, I didn't watch the whole thing, but I heard repeated references to Rolex. Is Rolex also building improvements to the 5th Avenue subway station for its new project?

[NYguy]

When you listen to Barnett talk about this tower, it's clear he wants the office tower. But I don't doubt for a second that he'll switch it up if the leasing isn't going the way he thinks it should. They plan to break ground next year. Approvals should be in place by September. We aren't in official approvals yet, the last meeting was more informal. I think they'll begin next month.



JANUARY 7, 2022

[Busy Bee]

Yesh

[Raysiri]

Wait, so why Macklowe is holding on Tower Fifth and not getting a chance to build it anyway? Is it really approved by City Council or they just abandoned it?

[SkyHigher]

Homage to Rockefeller Center?

[Busy Bee]

Well I'll volunteer to doubt that. I don't see it likely that they pump a half billion into a top to bottom renovation just to tear it down in 20 or 30 years. I'd say 666, er 660 is still standing when we're all dead, for better or worse. Move on, there's plenty of potential in other sites.

[MAC123]

Originally Posted by Busy Bee

Well I'll volunteer to doubt that. I don't see it likely that they pump a half billion into a top to bottom renovation just to tear it down in 20 or 30 years. I'd say 666, er 660 is still standing when we're all dead, for better or worse. Move on, there's plenty of potential in other sites.

"20, 30, etc. " as in, it goes beyond that. It might be, it might not. 20 to 30 years is quite a bit of time, standards change, tenants needs change, the owners of the property change, etc. Lots of sites go untouched for stupid amounts of time and like you said there's already a lot of other potential sites so it definitely doesn't have the odds but it's a possibility.
Though if medical tech keeps advancing at the pace it is (among other things), who knows, it might not be.