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  #1  
Old Posted Sep 24, 2016, 3:51 PM
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Smile NEW YORK | 262 Fifth Ave | 1,000 FT | 54 FLOORS

Permits Filed For 54-Story, 928-Foot Condo Building At 262 Fifth Avenue



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In February, Israeli-Russian billionaire Boris Kuzinez closed on the final piece of a three-property development site on Fifth Avenue in Midtown South for $59 million. Now, he’s filed plans for a 54-story condo building there, at 262 Fifth Avenue, on the corner of 29th Street.

The building applications call for a 928-foot-tall, mixed-use development. It would certainly be among the tallest new buildings in the neighborhood, but it wouldn’t beat out the Empire State Building, which has a spire reaching 1,454 feet into the air. 262 Fifth would have just 41 condos divided across 139,168 square feet of residential space. Typical units in the building would clock in at a luxurious 3,400 square feet.

We’re not sure how those large condos will sell here, because the high-end luxury market is already beginning to soften in Manhattan. Maybe the developer will end up chopping up the units to sell them, like Macklowe and CIM were forced to at the supertall 432 Park Avenue.

The first two floors would have 10,850 square feet of retail, followed by a floor of mechanicals, and a pool, gym, and shared terrace on the fourth floor. Then there would be a duplex, topped by 16 stories of full-floor apartments, four more duplexes, and then six full-floor penthouses. The building would also have a shared roof deck and a 14-car garage in the cellar.

Kuzinez isn’t listed on the permit. Yoram Barel of Five Points JV, L.P., is listed as the owner’s representative, SLCE Architects applied for the permits.

The full assemblage of sites at 260, 262, and 264 Fifth Avenue ended up costing Kuzinez $101.8 million. He then spent an additional $5.8 million on air rights from the other properties on the block, as reported by The Real Deal. Demolition plans have been filed so far for the five-story, mixed-use building at 264 Fifth and the five-story commercial building next door at 262. However, the 12-story office building at 268 does not have demo permits on file yet.
========================
NYY
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  #2  
Old Posted Sep 24, 2016, 3:59 PM
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Quote:
1 Location Information (Filed At)
House No(s): 262 Street Name: FIFTH AVENUE
Borough: Manhattan Block: 830 Lot: 44
BIN: 1015733 CB No: 105
Work on Floor(s): SUB,CEL,ROF 001 thru 054 Apt/Condo No(s): Zip Code: 10001



13 Building Characteristics

Primary structural system: Masonry Concrete (CIP) Concrete (Precast) Wood
Steel (Structural) Steel (Cold-Formed) Steel (Encased in Concrete)

Proposed
Structural Occupancy Category: II - OTHER THAN I, III OR IV
Seismic Design Category: CATEGORY B
2014/2008 Code Designations?
Occupancy Classification: R-2 - RESIDENTIAL: APARTMENT HOUSES Yes No
Construction Classification: I-A: 3 HOUR PROTECTED - NON-COMBUST Yes No
Multiple Dwelling Classification: HAEA
Building Height (ft.): 928
Building Stories: 54
=============================
http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01
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  #3  
Old Posted Sep 24, 2016, 7:03 PM
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Good news. Another potential supertall or near-supertall for 5th Avenue, depending on whether there's a crown. This makes about a half-dozen sites along 5th where similar towers are planned.

At 930 ft.+ this will likely have a nice skyline impact, even with all the nearby towers going up. Lower Fifth Ave., in some ways, is hotter than Upper Fifth Ave. these days.
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  #4  
Old Posted Sep 26, 2016, 2:37 AM
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Proximity to the King...a tower roughly the height of BofA, minus the spire. I hope it's not an all glass tower.











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Old Posted Sep 26, 2016, 11:50 PM
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This will have some company.

262 Fifth Ave (this tower) : 928 ft




281 5th Avenue (near by proposal - site prep/excavation ) : 705 ft



8 West 30th: 796 ft - demo/site prep

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  #6  
Old Posted Sep 27, 2016, 1:15 AM
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The days of the lonely ESB are going fast.
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Old Posted Sep 27, 2016, 9:12 PM
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Quote:
Originally Posted by NYguy View Post
The days of the lonely ESB are going fast.


Awesome... there's another pretty good size lot on 28th st and Broadway NW corner one block away from 262 5th Ave. Used to be a parking garage and a row of one story storefronts.. wholesaler's just a few years ago.

It's all been torn down.. ready to build.. anyone hear anything on this spot.. it's def. big enough for another good size tower.
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Old Posted Oct 4, 2016, 9:54 PM
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I think this could be massive. IF they use the air rights from nearby parcels as seen in your map diagram nyguy.

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Old Posted Apr 4, 2017, 5:42 PM
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I don't really think those "lines of sight" laws like you find in London are appropriate for New York, but this tower kinda disrupts a famous view of the ESB from downtown.
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Old Posted Apr 4, 2017, 9:45 PM
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I don't really think those "lines of sight" laws like you find in London are appropriate for New York, but this tower kinda disrupts a famous view of the ESB from downtown.
That argument can be used for a number of towers, from a number of viewpoints.

However, this tower having the small footprint that it does, I'm not sure it would qualify as much. Depends on where you're viewing from. But Downtown in general, no.
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Old Posted Apr 12, 2017, 1:05 AM
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Credit: walpole
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  #12  
Old Posted Apr 13, 2017, 11:54 PM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #13  
Old Posted Apr 14, 2017, 2:17 AM
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Can get a good idea of the site looking at post #23 with the 2x5 floors and 12 floor structure (one that will be partial demo'd). Will be somewhat wide on the 5th Avenue side.
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Old Posted Apr 14, 2017, 12:19 AM
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Thanks for the info NYguy!

NOOOOO I don't want the 12-story building demolished. Well it says 'partially' so I desperately hope most of it's character and presence/scale are maintained! We can't keep killing these beautiful, big, pre-war, classical buildings (Remember the lovely Bancroft building, just an empty lot now). We desperately need to change our zoning so that developers can build tall withOUT having to amass so much land and so many properties. Not only does it ever-so-slightly kill the fine-grained urbanism (created by small lots) that makes NY so great, but also dwindles our heritage little by little (no matter how small). Anyway let's hope they are incorporating this beauty into their massive project a-la-Steinway.

Okay now that I got that off my chest! Holy Crap 1000ft!!!!
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hmmm....
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Old Posted Apr 14, 2017, 12:57 AM
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Sounds like a facadectomy. Which in this case I'd be perfectly OK with. It's no Bancroft, but it needs to be saved.
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Old Posted Apr 14, 2017, 1:16 AM
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Yeah, I'm not sure how much they would need to demolish of that building, maybe just a portion of a wall? Still need to see a render of whatever they have planned. I'd even settle for a model of the building. If it weren't for all of the other giants going up around the city, this would be HUGE news, not flying so secretly under the radar. It's huge for that area anyway.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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Old Posted May 15, 2017, 6:29 PM
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So crazy how 1000 feet is becoming the new New York normal.
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Old Posted May 15, 2017, 7:46 PM
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Its good 5th Avenue is ballooning with prospective towers. Will truely be a canyon in time due. I hope on the level of 57th Street. While I welcome new developments. I do want them to preserve the Avenue. Adding onto gems, but getting rid of the redundancies. Possibly developments the likes of 425 Park. One that aim to preserve the initial structure.
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Old Posted May 18, 2017, 10:36 PM
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Boris Kuzinez takes the Fifth

Quote:
Ostozhenka Street in downtown Moscow housed the headquarters of the Soviet secret police, inspired Mikhail Bulgakov’s epic “The Master and Margarita” and was home to the Institute of Red Professors, a factory of bolshevik academe. But less than a decade after the fall of the Soviet Union, Ostozhenka would begin its transition into Xanadu for oligarchs, Russia’s answer to Billionaires’ Row.

Boris Kuzinez was a big part of that. Projects like Copper House and Molochny Lane put the Ostozhenka neighborhood, and Kuzinez, on the world’s opulence map. Now, the Latvian-born Israeli national who oversaw the transformation of “The Golden Mile” wants to build what would be Manhattan’s tallest tower between Midtown and Downtown.

Kuzinez spent over $100 million putting together an assemblage at 260-264 Fifth Avenue in the Flatiron District. His new firm, Five Points Development, is planning a 928-foot-tall condominium with just 39 apartments, property records show – meaning units would average over 3,500 square feet a piece – mansions in the sky by New York standards.

But the developer will have to reckon with a market somewhat hostile to the kind of oligarch-friendly product he’s planning: sales velocity for ultra-luxury condos is far lower than it was when he assembled the site, and competitors coming to market are pivoting to more affordable product. Moreover, he is yet to secure a construction loan and observers question whether he will get this project over the line.

Kuzinez declined to comment for this story.
=====================
TRD
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  #20  
Old Posted Jun 2, 2017, 5:18 PM
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Quote:
Originally Posted by chris08876 View Post
Its good 5th Avenue is ballooning with prospective towers. Will truely be a canyon in time due. I hope on the level of 57th Street. While I welcome new developments. I do want them to preserve the Avenue. Adding onto gems, but getting rid of the redundancies. Possibly developments the likes of 425 Park. One that aim to preserve the initial structure.
Huh? 425 Park can only be considered a preservation in the most technical sense of the word. The finished product will look nothing like the original building. I don't see anything wrong with this in that case, but it doesn't seem to be a good example of preservation you say you're looking for.
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