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
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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
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