As Mayor Bill de Blasio expresses his angst over Russian oligarchs buying up Big Apple real estate, swiftly moving forward is a new ultra-luxury condo tower developed and designed by Russian firms. Yesterday, the city's Department of Buildings found a proposed skyscraper being developed by Isreali-Russian billionaire Boris Kuzinez compliant with the city’s zoning laws.
Kuzinez, under the name Five Points Development, assembled the 3-building site at 262 Fifth Avenue over the past two years for a combined $101.8M, says The Real Deal. The parcel was recently cleared of two smaller structures and excavation work is imminent according to more recent application filings.
Kuzinez, under the name Five Points Development, assembled the 3-building site at 262 Fifth Avenue over the past two years for a combined $101.8M, says The Real Deal. The parcel was recently cleared of two smaller structures and excavation work is imminent according to more recent application filings.
R: 262 Fifth Avenue site under demolition to the lower left; R: Cleared site as of mid-October
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Captures from zoning diagram filed to NYC DOB
The customary ZD1 diagram is now on file giving us a plainer look at the skyscraper’s massing and configuration. At 47.5’ wide and 1,000’ tall, the tower will be one of the world’s most slender with a height-to-width ratio of 1:20. In comparison, 432 Park Avenue has a slender ratio of 1:15 and 111 West 57th Street, the world’s most slender, has a ratio of 1:24. Like 111 West 57th, the project will integrate an existing pre-war building into its base. It will fuse and then cantilever over a 12-story limestone office building at 260 Fifth Avenue.
Rendering by DBOX
Moscow-based Meganom is the tower’s designers and the local firm of SLCE are serving as the architects of records. Renderings and details released earlier this summer show a super-slender tower topped by a semi-enclosed roof deck. The building will rise 5 blocks south of the Empire State Building, and will temporarily become the tallest building in Manhattan between Midtown and the World Trade Center. The tower is the tallest of a dozen skyscrapers planned for NoMad, and they will obstruct some iconic views of the Empire State Building.
Building permits were first filed in August 2016 and show there will be just 41 apartments spread across its 54 floors. Most of the units will be floor-throughs and residents will enjoy tremendous ceiling heights and views across the city. The north and south elevations will have floor-to-ceiling windows, while the east and west sides will be mostly solid. Amenities will sit closer to the street and include a swimming pool, garage, and ground-floor retail.
262 Fifth Avenue in lower-left corner (CityRealty)
Google Earth aerial of Midtown's future skyline with 262 Fifth Avenue centered (CItyRealty)
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