It’s been nearly two years since the beloved Subway Inn moved from its decades-long home. The bar was located across from Bloomingdale's near the corner 60th Street and Lexington Avenue and has since relocated to Second Avenue to make way for new “Billionaires’ Row” project. Now, in recent weeks, its former home and five adjacent buildings are being prepared for demolition.
Stretching between 143-155 East 60th Street, the site is slated to bring forth a $900M, 350,000-square foot mixed-use skyscraper developed by Sumi Properties Group. Over the past month, construction workers have been milling about the condemned buildings, having recently erected scaffolding and construction netting around them. Demolition permits for all the structures are already on file with the Department of Buildings.
Stretching between 143-155 East 60th Street, the site is slated to bring forth a $900M, 350,000-square foot mixed-use skyscraper developed by Sumi Properties Group. Over the past month, construction workers have been milling about the condemned buildings, having recently erected scaffolding and construction netting around them. Demolition permits for all the structures are already on file with the Department of Buildings.
143-155 East 60th is beeing prepped for demolition; 520 Park Avenue rises in the bacground; CItyRealty
CityRealty
In this article:
Enlarge Image
Enlarge Image
Enlarge Image
Enlarge Image
Enlarge Image
Enlarge Image
Specific plans for the forthcoming building have yet to be revealed. The site was previously owned by Kuafu Properties who had several architects draw up concepts for the site. Leaked renderings from Kohn Pedersen Fox and Archillier Architects both showed soaring supertall towers stacked with residential condos with Central Park views.
Last year, The Real Deal uncovered that the principals of Kuafu have split and former partner, Zengliang “Denis” Shan, is beginning his own venture named Sumi Properties and is taking the Subway Inn assemblage with him. This past spring, TRD reported that Sumi Properties had refinanced the development site with a new $100 million loan from Bank of the Ozarks
Tower concept reportedly produced by Kohn Pedersen Fox (KPF) via YIMBY
Related Articles
Future New York
Top 10 NYC condos with the best yoga amenities
Saturday, September 12, 2026
Future New York
As NYC students head back to school, see the city's most impressive school-to-residential conversions
Friday, September 11, 2026
Future New York
Beautiful NYC lofts for sale + 7 upcoming loft conversions, including Etage on the UWS
Thursday, September 10, 2026
New Jersey
Five luxury Jersey City rentals offering up to four months free rent
Thursday, September 10, 2026
Future New York
Tribeca lofts lead Manhattan's quietest contract week of 2026 as zombie skyscraper auctioned off
Wednesday, September 9, 2026
Future New York
Price Cuts: Debra Messing's Upper East Side co-op trimmed by $500K; The Westbury three-bed reduced by $3.25M
Tuesday, September 8, 2026
Future New York
Fire up the grill in these new developments with outdoor kitchens
Monday, September 7, 2026
Future New York
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
