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Old April 8th, 2017, 09:12 PM   #1
MarshallKnight
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NEW YORK | 424 5th Avenue | 200m+ | 656ft+ | ? fl | Pro

Per the NY Post, Richard Baker is considering a luxury skyscraper addition above the flagship Lord & Taylor store at 424 Fifth Avenue.

Quote:
Lord & Taylor may build a skyscraper on top of its Fifth Avenue store

Talk about dressing up a dowdy old department store.


Lord & Taylor is weighing a plan to build a luxury tower on top of its 103-year-old flagship on Fifth Avenue, The Post has learned — even as it shells out a fortune on remodeling and expanding a half-dozen stores elsewhere.


The high-flying project could result in a steel-and-glass skyscraper that houses offices and residential units, while still preserving the original, 11-story department store and its business, according to sources.


Further details couldn’t immediately be learned, but real estate insiders note that nearby skyscrapers stretch as high as 60 stories or more.


Richard Baker — the savvy New York property tycoon behind the talks — declined to comment.


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