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Old Posted Dec 7, 2016, 9:34 PM
PeterQM PeterQM is offline
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Join Date: Oct 2014
Location: Brooklyn, NYC
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SHVO Files Permits for Crown Building Conversion; Will Be Topped by Five-Level Penthouse with Central Park Views
December 7, 2016
Quote:
Yesterday, construction applications were filed to convert the iconic Crown Building at 730 Fifth Avenue between West 56th and 57th Streets in Midtown. As the preeminent pre-war gem of the highly coveted Plaza District, the upper floors of the 390,000-square-foot commercial tower were acquired by Michael Shvo and Russian billionaire Vladislav Doronin of Aman Resorts for $500 million in 2015. The duo purchased the building from Jeff Sutton’s Wharton Properties and General Growth Properties, who had reportedly paid $1.775 billion for the entire building earlier that year.






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