[Eidolon]

Luxury Mega-Tower For Sutton Place



By Daniel Fitzsimmons
Published Apr 7, 2015

Plans have been drawn up for a luxury 900-foot condo tower in Sutton Place, which, if completed as planned, would rank as one of the tallest buildings in Manhattan.

The 268,000-square-foot tower will become the second-tallest on the Upper East Side, behind the in-progress 432 Park Avenue at 1,400 feet, and one of the tallest in the city.

Construction permits have not yet been filed for 426-432 East 58th Street, allowing the massive project to fly mostly under the radar until now. Councilmember Ben Kallos, whose district includes Sutton Place, was only made aware of the project last week, as were members of Community Board 6.

A sales brochure put together by Cushman and Wakefield dubs the project as the “Sutton Place Development,” and notes it is “an ultra-luxury, as of right, ground up, opportunity which will reach over 900 feet tall and feature unparalleled 360 degree views of Midtown, Downtown Brooklyn and Manhattan, Central Park and the East River.”

The 268,000 square feet of buildable space and air rights, which includes 58,000 square feet of inclusionary housing rights, have already been delivered. It’s unclear if the affordable housing will be offered on- or off-site, or how many units of affordable housing will be included. Representatives for The Bauhouse Group, which owns the site, declined to field questions about the Sutton Place Development, but a representative of the company provided a press release to Our Town that said the project will include about 95 units.