[RobertWalpole]

Extell has assembled a large group of properties at 562 Fifth Ave. A very significant tower could be in the works...

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Thor bought 562 and 564 Fifth Ave. I believe that it may be partnering with Extell, which, I believe, owns the adjacent building. The cigar store is now closed. I believe that the two (and perhaps, three) buildings closest to 47th St are not part of the site. Hopefully, something decent will rise here. It's not a top area, but it can become quite nice. I'd like to see a stone structure.

http://therealdeal.com/blog/2013/10/02/sitt-in-contract-to-buy-two-fifth-ave-buildings-for-105m/

Thor Equities proposal for 564 Fifth Ave:

 

[tim1807]

Great place for a tower. I mean this is in the middle of Midtown between 500 Fifth Ave and the GE Building and 383 Madison Avenue with very few high towers. That was why I think the International Gem Tower is such a great addition. I hope it's over 500 feet.

 

[RobertWalpole]

http://nypost.com/2014/02/04/action-in-the-air-on-46th-street/

I expect a lame glass box by Goldstein Hill & West.

 

[RobertWalpole]

http://therealdeal.com/blog/2014/02/05/sl-green-makes-146m-retail-play-on-fifth-avenue/

 

[RobertWalpole]

A tower on 47th next to Extell's assemblage just sold to an unidentified buyer. I would not be surprised if Barnett bought it. It's a nice building.

http://therealdeal.com/blog/2014/03/10/national-jewelry-exchange-building-trades-for-56m/

 

[LondoniumLex]

NEW YORK | 562 - 570 Fifth Ave | Pro

They're getting the buildings ready for demo.

Everything is this photo will be razed.

 

[Eric Offereins]

The building in the middle actually looks quite nice.

 

[Vertical_Gotham]

Who owns that assemblage??

 

[Tubeworm]

Who owns that assemblage??

SL Green owns a few of those low-rises, and Extell owns some air rights and a few more building(s). They are both eyeing at commercial development.

 

[kubachrick]

The building in the middle actually looks quite nice.

what nice about it ?

 

[ThatOneGuy]

It's a bit out of place... :lol:

 

[RegentHouse]

The whole block is out of place, but I find the Tudor-esque building quite charming. It would be a shame if the replacement is another 1960s box. If they acquire more adjacent buildings, I hope they don't demolish 576 Fifth Avenue, because that would be an atrocity.

 

[LondoniumLex]

Extell's building at W 47th St. is part of the assemblage, as is 574 5th, both of which are beautiful. A bunch of lousy buildings which Extell owns on W 46th also are part of the site. I suspect that this could be another 300m tower for NY.

 

[LondoniumLex]

Extell's building at W 47th St. is part of the assemblage, as is 574 5th, both of which are beautiful. A bunch of lousy buildings which Extell owns on W 46th also are part of the site. I suspect that this could be another 300m tower for NY.

Today

Here's the 47th St tower.

Here's the junk on 46th that is coming down.

 

[The Lion]

Very nice. Are we looking at residential, hotel, mixed use, or office here, Lex?

 

[LondoniumLex]

I assume hotel/condo. SL Green is developing the retail.

 

[The Lion]

Thanks! Sounds awesome. I'd live on 5th!

It's about time 30 Rock and Bear Stearns got some company in this area!

 

[LondoniumLex]

I wonder how tall this will be.

Today

 

[bodegavendetta]

This is a shame. Pretty attractive buildings, imo. They should be rehabbed.

 

[LondoniumLex]

The Tudor and the one next to it are horrible. This is the worst stretch of 5th,