For most of 2026, the Skyscraper Museum in Lower Manhattan has hosted The Invention of Park Avenue, an exhibition that traces the history and evolution of Park Avenue in the years since the avenue originally known as Fourth Avenue was widened to accommodate steam locomotives in the 19th century. Today's now-familiar medians were constructed and landscaped to disguise ventilation openings, and inspired the Park Avenue name.
Steam locomotives were banned in Manhattan in 1903, but Park Avenue has evolved significantly since then. Following Grand Central Terminal's completion, a new "Terminal City" of hotels, apartment buildings, and office buildings took shape on Park Avenue and linked to Grand Central by underground passageway; the postwar decades ushered in an office building boom; and a new era of supertalls has risen in more recent years.
In this article:
Midtown East skyline in 1932 with the newly opened Waldorf=Astoria Hotel centered (Photo credit: The Wurts Brothers)
A series of lectures about Park Avenue's past, present, and future took place earlier this summer, and a curator's tour of the exhibit will take place on Friday, September 4 at 3:00 p.m. The Invention of Park Avenue will run through the end of September 2026.
Possible redesign for Park Avenue (Starr Whitehouse Landscape Architects and Planners)
Park Avenue redesign with bike lanes (Starr Whitehouse Landscape Architects and Planners)
However, the evolution of Park Avenue may practically be playing out in real time. This spring, New York City officials unveiled plans to turn 11 blocks of Park Avenue from East 46th to 57th Streets into a more pedestrian-friendly stretch with expanded sidewalks, new trees and benches, and the removal of a lane of car traffic. It is located above the Grand Central Terminal train shed, where re-decking has recently begun. Anyone who works in Midtown East has likely seen this on the way to and from work, but this weekend's Summer Streets, when Park Avenue will be closed to car traffic from 7:00 a.m. to 3:00 p.m. on Saturday, August 15, will allow for a more leisurely atmosphere and a different perspective.
The plans for Park Avenue play out at a time of transformation for Midtown East. The early 2020s were a somewhat subdued time for this neighborhood between pandemic-induced office closures and long-deferred return-to-work dates. However, the area has seen not so much stirrings as rumblings of life in recent years. A recent report from Colliers found that New York's office leasing activity in July 2026 exceeded both the five-year and ten-year monthly averages, and that companies leased about 1.5 million square feet of office space in Midtown, up nearly 81 percent from the previous month.
New and future corporate office towers planned in Midtown East
While several of the area's Class B and Class C office towers are being converted to residential use (examples may be seen here), a new class of soaring office towers with panoramic views, state-of-the-art infrastructure, and enviable amenities is rising alongside such landmarks as the Chrysler Building, the MetLife Building, the Seagram Building, and the General Motors building. Further details on these may be found below.
The new office towers aim to draw workers from all five boroughs, not to mention the greater tri-state area, but the convenience of being able to walk to work cannot be overlooked. Additionally, landmarked religious institutions, fine dining restaurants, and high-end department stores like Saks Fifth Avenue, Bergdorf Goodman, and Bloomingdale’s have long made Midtown East attractive to tourists and locals alike. Moreover, between home decor stores lining Third Avenue and gourmet grocery stores like Whole Foods and Trader Joe's, locals have come to embrace it as a residential destination.
Developers recognized the convenience of Midtown East as well, and a new crop of condominiums with high-end interiors and well-curated amenities has sprung up. We take a look at the most architecturally impressive, state-of-the-art condos in the neighborhood, defined here as East 42nd to 59th Street from the east side of Fifth Avenue to Third Avenue.
Views of the new Midtown East skyline from Selene (Brown Harris Stevens)
Recently launched condo developments in Midtown East
Developed by Navigation Capital Group | Design by Ismael Leyva Architects
37 stories | 191 condo units
Completed in 2024
Monogram New York (Brown Harris Stevens)
New construction condominium Monogram New York pays homage to the nearby Chrysler Building and other Art Deco design with its distinctive crown. Apartments feature interiors by Neri&Hu, floor-to-ceiling windows, kitchens with integrated Gaggenau appliances, and baths with spa-like detailing. On-site LIV concierge service caters to residents' needs, and the amenity package includes a skylit fitness center, a library lounge, and a 37th-floor Sphere Club with a reading room, a dining room with catering kitchen, and outdoor terraces.
Monogram New York, #20B (Brown Harris Stevens Development Marketing LLC)
Developed by SHVO | Design by Marin Architects (conversion)
30 stories | 65 condo units
Converted in 2023
On the southeast corner of Fifth Avenue and East 53rd Street, the former Gucci headquarters is now associated with other luxury brands. Jewelry brand David Yurman leased all three floors of retail space in July 2026, and the uppermost levels are home to Mandarin Oriental's first standalone residences in the United States. Described as a luxury hotel without the guests, residents of these fully furnished, beautifully appointed apartments enjoy access to Mandarin Oriental's signature concierge service, a fitness center with yoga studio, a spa circuit with steam room and sauna, a rooftop terrace with an outdoor pool, and Boulud Prive, a residents-only restaurant by Daniel Boulud with in-home dining service.
Mandarin Oriental Residences Fifth Avenue, #19C
$3,500,000
Midtown East | Condominium | 1 Bedroom, 1.5 Baths | 886 ft2
Mandarin Oriental Residences Fifth Avenue, #19C (Serhant)
Developed by MRR Development | Design by ODA
28 stories | 147 condo units
Completed in 2026
Malabar Residences (Nest Seekers LLC)
A certificate of occupancy was recently issued for Malabar Residences, a new condominium at the eastern end of Billionaires' Row. Not only does its pixelated-looking facade set it apart in the local streetscape, but it creates several unique floor plans and naturally allows for private outdoor space in several apartments. It is in a central location near Central Park, Bloomingdale's, fine dining, and designer shopping, but five floors of amenities cater to residents' needs under one roof. These include a fitness center, a sports court with basketball hoop, an indoor lap pool and hot tub, lounges with terrace access on the fourth and thirteenth floors, and a rooftop terrace.
Malabar Residences, #1704 (Nest Seekers LLC)
Developed by RYBAK Development | Design by S20M and Zproekt Architecture
21 stories | 31 condo units
Completion estimated for 2026
660 Lexington Avenue (Douglas Elliman)
Move-ins are expected to begin soon at 660 Lexington Avenue, a tasteful limestone doorman building located a short distance from Malabar Residences (see above). It is in a bustling section of Midtown, but triple-pane windows block out street noise while allowing abundant light. Apartments also feature interiors by Paris Forino Design, kitchens with integrated Miele appliances, and primary suites with large closets and five-fixture baths. Select apartments have private outdoor space, and all residents have access to amenities like a fitness center, a spa with sauna, steam room, and cold plunge, and an amenity loggia with fireplace.
660 Lexington Avenue, #PHD (Douglas Elliman Real Estate)
Top 10 Midtown East Condo Buildings
Developed by Donald Trump | Design by Swanke Hayden Connell
58 stories | 238 condo units
Completed in 1983
"Big, bold, brassy and beautiful" - Carter Horsley
Trump Tower (The trees on the cascade of terraces were removed a few years back)
Whether or not you agree with Donald Trump's politics, the cachet of one of the world’s most famous addresses is undeniable. A prime location at Fifth Avenue and East 56th Street, crisp modern design by architect Der Scutt of Swanke Hayden Connell, and proximity to Central Park, and Fifth Avenue shopping at your doorstep, have ensured enduring value for this iconic black-glass building.
Trump Tower, #47A (Douglas Elliman Real Estate)
Developed by RFR Holding | Design by Kohn Pedersen Fox
45 stories | 76 condo units
Completed in 2005
"This short block between Madison and Park Avenues has four distinctive towers and this is the most exquisite of the lot" - Carter Horsley
Park Avenue Place
Park Avenue Place looks a little like a high-tech, stainless-steel aircraft carrier, minus its superstructure, standing on one end, which is to say that it is very elegant and has a precise feel.
As such, it is a good neighbor to Heron Tower, the slightly smaller tower just to its east that is a pleasant, conservative, pin-stripe office building that lends a calming effect to an otherwise "wild" block.
Park Avenue Place, #12D (Classic Marketing LLC)
Developed by Macklowe Group | Design by CetraRuddy
35 stories | 67 condo units
Completed in 2018
"A modest but crisp modern tower" - Carter Horsley
200 East 59th Street
The 35-story sliver at the corner 200 East 59th Street sits at the junction of Midtown East, Billionaires’ Row, and Lenox Hill, some of the city’s most rarified residential destinations. Small floorplates make for exclusive living, with just two units per typical floor. Glass-railed balconies feature in every apartment. Sheer, floor-to-ceiling windows lend ample sunlight. Ceiling heights gradually rise toward the upper floors, which open onto Central Park views.
200 East 59th Street, #PH34
$14,500,000
Midtown East | Condominium | 2 Bedrooms, 3.5 Baths | 3,826 ft2
200 East 59th Street, #PH34 (The Agency Brokerage)
Sponsor: Vanke US | Design by Foster + Partners
63 stories | 93 condo units
Completed in 2017
Selene (CityRealty)
Selene (Credit: Williams New York)
Located just off Park Avenue and next door to the iconic Seagram Building, Selene brings a shimmering design with stainless steel bays and faceted glass walls by Foster + Partners to Midtown East. The 94 bespoke residences feature spectacular day-to-night vistas and clean lines so as not to detract from the views; they also boast high, ribbed concrete ceilings, custom kitchens, and serene baths.. Residents enjoy direct elevator access to Le Jardinier, a Michelin-starred restaurant, as well as amenities like a sunlit 60-foot lap pool, a state-of-the art wellness center, and Atlas Club & Library.
Selene, #58A (Corcoran Group)
Developed by Aristotle Onassis | Design by Skidmore Owings & Merrill
52 stories | 226 condo units
Completed in 1978
"This slick glass tower has spectacular views and is steps away from Rockefeller Center, Saks Fifth Avenue and St. Patrick’s Cathedral" - Carter Horsley
Olympic Tower
In 1975, magnate Aristotle Onassis erected the 51-story Olympic Tower across from St. Patrick’s Cathedral and the Rockefeller Center, attracting high society elites and ushering a new era in New York’s luxury living. The somber skyscraper helped crystalize high-rise modernism into a lifestyle statement that persists in spiritual descendants from Trump Tower to 432 Park Avenue.
Olympic Tower, #45G (Douglas Elliman Real Estate)
Developed by World Wide Group and Rose Associates | Design by Skidmore Owings & Merrill
65 stories | 95 condo units
Completed in 2017
"A subtle and elegant high-rise design" - Carter Horsley
252 East 57th Street (Credit: Albert Vecerka of esto)
The esteemed firm of Skidmore, Owings, and Merrill, a pioneer of Modernist architecture, brings its signature minimalistm to this apartment building near the east end of Billionaires’ Row. The 65-story tower is a jewel box of high-quality, green-tinted glass, accented with a pair of subtle, concave niches. An impressive amenity package cements 252 East 57th as one of prime residential destinations in Midtown East.
252 East 57th Street, #52A
$5,400,000 (-10%)
Midtown East | Condominium | 3 Bedrooms, 3.5 Baths | 2,624 ft2
252 East 57th Street, #52A (Coleman Real Estate Group)
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Developed by Ceruzzi Properties | Design by Pelli Clarke Pelli
64 stories | 124 condo units
Completed in 2020
"Attractive, slender, 803-foot-high, mid-block condominium" - Carter Horsley
The Centrale
The Centrale introduces Billionaires’ Row-style living into central Midtown. The slender skyscraper rises high above the broad office slabs in the Park Avenue corridor, and offers unobstructed 360-degree panoramas from the upper floors. The design aesthetic combines mid-century modernism with Art Deco, both hallmarks of Midtown East, while tall-ceiled apartments sport a palette of refined finishes and high-end fixtures.
The Centrale, #30A (Douglas Elliman Real Estate)
Developed by Vornado Realty Trust | Design by Cesar Pelli & Associates
55 stories | 105 condo units
Completed in 2003
"In the hustle and bustle of this busy neighborhood, the overall elegance of this very clean-cut, high-tech complex is unexpected" - Carter Horsley
One Beacon Court
The 806-foot-tall One Beacon Court ranked among the city’s tallest buildings, apartment or otherwise, upon its 2004 completion. Years later, the mixed-use complex remains among East Midtown’s premier addresses thanks to its mid-block porte cochere, across-the-street adjacency to Bloomingdale’s, in-building shopping and subway access, and Central Park views from the upper floors. Notable residents have included Jack Welch, Steve Cohen, Brian Williams, and Beyonce.
One Beacon Court, #PH54E (Brown Harris Stevens Residential Sales LLC)
Developed by Macklowe Group | Design by Rafael Vinoly Architects
96 stories | 104 condo units
Completed in 2015
"It’s not a razzle-dazzle, convoluted supertall, but an awesome sheer tower of rather majestic simplicity" - Carter Horsley
432 Park Avenue
When it thrust into the Midtown skyline in 2015, 432 Park Avenue became an undeniable symbol of ultra-luxurious living, to supporters as well as detractors of opulent lifestyles and untold riches. Today, the 1,397-foot tower is no longer the tallest even on the street where it stands, yet the now-globally-famous address still reigns supreme in scale and luxury alike over any contender in Midtown East. Amenities like a fitness center, indoor lap pool, and residents-only restaurant by Michelin-starred chef Shaun Hergatt create an attractive community within the building.
432 Park Avenue, #64 (Douglas Elliman Real Estate)
Developed by Dajia Insurance Group | Design by Schutze & Weaver
52 stories | 375 condo units
Converted in 2019
"One of the world's iconic Art Deco skyscrapers" - Carter Horsley
High-class connotations of the Waldorf Astoria name long predate the 1931 completion of the Park Avenue skyscraper, let alone the conversion of the upper floors into condominiums. All residences come with Concierge Closets that allow for discreet deliveries, and the option to buy curated furnishings in two color declinations from B&B Italia. Though the secret underground train that once connected directly to President Franklin Delano Roosevelt’s suite is no longer in service, residents retain access to the legendary building’s landmark interiors and world-renowned services, not to mention a residents-only amenity suite.
Waldorf Astoria Residences New York, #2429
$12,500,000
Midtown East | Condominium | 3 Bedrooms, 3.5 Baths | 3,855 ft2
Waldorf Astoria Residences New York, #2429 (Douglas Elliman Real Estate)
New Midtown East offices and towers
One Vanderbilt
Developed by SL Green | Design by Kohn Pedersen Fox
77 stories | 1,700,000 square feet
Opened in Q3 2020
One Vanderbilt (SL Green)
Just across from Grand Central Terminal, One Vanderbilt has transformed the Midtown East skyline with its soaring height, wedge-shaped void, tapered point tower, and glass curtain walls with rippling terra cotta. Sustainable construction materials, a state-of-the-art rainwater management system, and advanced heating and cooling systems were instrumental in its LEED Gold certification, and features like touchless entry and state-of-the-art ventilation systems were planned well before the pandemic.
One Vanderbilt took shape with the help of a public-private partnership with the MTA, one where SL Green committed to investing $220 million in transit improvements in the area. These included new street-level subway entrances, new staircases, and a new transit hall that connects Grand Central to a Long Island Rail Road station.
The offices on floors 10-73 offer expansive floor plates and floor-to-ceiling windows, and have attracted tenants like SL Green, TD Bank, TD Securities, private equity firm The Carlyle Group, and law firms Greenberg Traurig and McDermott Will & Schulte. Workers arrive to a grand attended lobby and enjoy access to a 30,000-square-foot amenity floor that includes an auditorium, a 30-seat board room, social spaces, and an outdoor terrace. They also enjoy direct access to Grand Central via an underground connection.
In addition to the offices and the transit improvements, this project also includes Vanderbilt Plaza, a 14,000-square-foot car-free pedestrian plaza, Le Pavillon, a restaurant by Daniel Boulud on the second floor, and Summit, an observation deck over 1,000 feet in the sky that has played host to immersive art experiences, special meal offerings, and Ascent, a glass-enclosed elevator on the exterior.
270 Park Avenue
Developed by JPMorgan Chase | Design by Foster + Partners
60 stories | 2,500,000 square feet
Opened in Q3 2025
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As New York City started to emerge from the pandemic, JPMorgan Chase was one of the biggest proponents of return-to-office policies. That is a far more appealing prospect in light of the firm's new headquarters, a soaring new tower with an eye-catching "fan column" design. It is underpinned by features like full renewable energy, triple-pane glazing and automatic solar shades, reused construction materials, advanced water storage and reuse systems, and smart technologies that predict and adjust to the building's needs. It was one of the first projects approved under the 2017 Midtown East rezoning, and was able to achieve its soaring height with the help of air rights from St. Patrick's Cathedral, St. Bartholomew's Church, and Central Synagogue. A ribbon-cutting ceremony took place in October 2025.
A triple-height "Exchange" serves as the hub of the tower, and there are eight expansive trading floors. An extensive amenity package includes a state-of-the-art health and wellness center with fitness areas and on-site medical services, full-service gastropub Morgan's, a food hall, a new curated art program in addition to the works of art the company already owns, and several outdoor terraces.
383 Madison Avenue
Developed by JPMorgan Chase | Design by Skidmore, Owings & Merrill with Foster + Partners and Gensler (renovation)
47 stories | 1,200,000 square feet
Completion estimated for 2027
Rendering of new JPMorgan Chase campus with 383 Madison Avenue on the right (JPMorgan Chase)
One block from JPMorgan Chase's new tower at 270 Park Avenue (see above), recladding is underway at 383 Madison Avenue, formerly known as the Bear Stearns Building. It served as JPMorgan Chase's temporary headquarters while 270 Park Avenue was under construction, and now serves JPMorgan Chase's investment banking division.
The granite facade is being replaced with a glassy facade that will allow for more light and better views. Additional improvements will include a redesigned lobby, improved office space, cutting edge technology, and a modernized food hall.
460 Park Avenue
Developed by Korea International Trade Association | Design by Skidmore, Owings & Merrill
22 stories | 350,000 square feet
Completion estimated for Q2 2028
Rendering of 460 Park Avenue (VMI)
In 1954, 460 Park Avenue was designed by Emery Roth & Sons as one of the city's first buildings with prefabricated aluminum facade panels. More than 70 years later, its design is on the cutting edge again as the Korea International Trade Association, which has owned the building since 1974, embarks on a modernization and renovation with the help of a 20-year tax incentive under the city's Manhattan Commercial Revitalization Program.
Amenity terrace rendering (VMI)
Renderings show a new glass curtain wall with floor-to-ceiling windows and upper-level setbacks that create amenity terraces. Tenants will arrive to a new double-height lobby and have access to new elevators, new office space with higher ceilings, and a multi-floor amenity suite with wellness spaces, flexible meeting and event spaces, lounge and dining areas, and an outdoor loggia. It will be underpinned by an all-electric power system, advanced air handling systems, and other infrastructure improvements to help it meet LEED Gold and WELL certifications.
Google Streetview of 460 Park Avenue
625 Madison Avenue
Developed by Related Companies and Andrew Matthias | Design by Foster + Partners and Gensler
52 stories | 840,000 square feet
Completion estimated for Q3 2029
Rendering of 625 Madison Avenue (Related Companies)
The Postmodern office building formerly at 625 Madison Avenue, on the southeast corner of East 59th Street and Madison Avenue, was once the headquarters of tenants like snack manufacturer Nabisco, cosmetics company Revlon and developer Related Companies. Related bought the building from SL Green for $632.5 million in May 2024; in July 2025, Saudi Arabia's Public Investment Fund announced plans to take a two-thirds stake in the project, having already invested approximately $200 million into it. The project was originally intended to include retail space, a hotel, and high-end condos on the uppermost levels, but the team later switched gears and announced an office tower instead. Financial services firm General Atlantic is reportedly in negotiations to occupy the tower as an anchor tenant.
625 Madison Avenue from the southeast portion of Central Park (Related Companies) | https://www.related.com/our-company/properties/625-madison-avenue
Renderings depict a contemporary tower with curved glass corners, polished steel framing, integrated greenery, and segments of stacked, column-free office clusters. It will be underpinned with a carbon-neutral infrastructure and is set to offer several floors of upper-level amenities. Additionally, New York City hot spot The Polo Bar will move from its intimate wood-paneled townhouse to a larger space in the new tower with two years of free rent to sweeten the deal.
343 Madison Avenue
Developed by BXP | Design by Kohn Pedersen Fox
46 stories | 930,000 square feet
Completion estimated for 2029
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A crane has recently been erected for the new office tower taking shape at 343 Madison Avenue and set to slightly outstrip the MetLife Building's height. The project is targeting LEED Platinum and Well Core certifications with features like a fully electric design, a high-efficiency direct outside air system, and zero on-site combustion. Hospitality-focused amenities will include a lobby cafe, bike storage with cabanas and showers, and a double-height lounge and conference space on the 45th and 46th floors with biophilic terraces.
Completion is some years off, but Commercial Observer reports that the tower is already 50 percent pre-leased. Commercial insurance firm Starr signed as an anchor tenant in October 2025, and law firm McDermott Will & Schulte signed a lease for 150,000 square feet in April 2026.
346 Madison Avenue
Developed by SL Green and Mori Building | Design by Kohn Pedersen Fox
46 stories | 850,000 square feet
Completion estimated for 2031
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As of mid-August 2026, demolition is underway on 346 Madison Avenue, the former Brooks Brothers building on the corner of East 43rd Street. Once this is complete, work can begin on what the development team described as "the most highly amenitized new building in the city" to the New York Post. Said amenities will include a luxury wellness center, an indoor padel court, a 215-seat auditorium, nine floors with terraces and nine with loggias, and a lounge with an Epicerie Boulud fast-casual food spot. This project is still in very early stages; renderings have not yet been revealed, nor has an anchor tenant been announced.
175 Park Avenue
Developed by RXR Realty and TFCornerstone | Design by Skidmore Owings & Merrill
83 stories | 2,200,000 square feet
Completion estimated for 2032
Rendering of 175 Park Avenue (Skidmore Owings & Merrill)
Plans for a new tower at 175 Park Avenue, the longtime site of the Grand Hyatt hotel next to Grand Central Terminal, date back to 2019, and permits were officially filed in April 2026. Renderings show a glassy tower with a structural lattice and a series of setbacks that create outdoor terraces. Four different sizes of floors will be able to accommodate office tenants of all sizes, and column-free interiors will maximize both space and views.
The majority of the tower will be dedicated to office space, but a hotel will occupy the uppermost floors. The project will also provide 24,000 square feet of new public open space and a new skylit transit hall for Grand Central Terminal set to bring relocated subway turnstiles, improved circulation, and 10,000 square feet of new retail space.
350 Park Avenue
Developed by Vornado Realty Trust, Rudin, and Citadel | Design by Foster + Partners
64 stories | 1,800,000 square feet
Completion estimated for 2032
Rendering of 350 Park Avenue (DBOX for Foster + Partners)
In 2023, Vornado Realty Trust and Citadel CEO Ken Griffin announced plans to team up on a new office skyscraper to be anchored by Mr. Griffin's firm; the project was approved in September 2025. It will rise slightly taller than the JPMorgan Chase headquarters (see above), and renderings depict a soaring, glassy structure with landscaped terraces and a distinctive, stepped crown. The team bought $150 million in air rights from St. Patrick's Cathedral and St. Bartholomew's Church, and a massive contribution to the East Midtown Public Improvement Fund also helped them secure a floor ratio increase from 15 to 25.
Public plaza and office entrance
Upon completion, Citadel and Citadel Securities will occupy at least 850,000 square feet of Class A office space; the tower will also include nearly 23,000 square feet of retail space. The project will also deliver a new 12,500-square-foot public plaza with green space, seating, public art, and improved pedestrian flow.
In the weeks following the announcement of New York's pied-a-terre tax, Mr. Griffin expressed doubt about moving forward with the project. But demolition work is now underway.
45 East 45th Street
Developed by U.S. General Services Administration and Government of Pakistan | Designer TBA
Completion TBD
In February 2026, the U.S. General Services Administration (GSA) and the Government of Pakistan entered an agreement to renovate and redevelop the Roosevelt Hotel in Midtown East. The Architect's Newspaper found GSA's involvement unusual, noting that it primarily manages federal properties and leading one to wonder what this building could become - the future Trump Presidential Library? A gold-clad skyscraper as a shrine to the president? As it is located in the heart of the Midtown East rezoning, another supertall would not be impossible.
The Roosevelt Hotel opened in 1924 as part of Terminal City, and boasts a gilded ceiling in the lobby, a brass pendant clock, and marble floors. Bandleader Guy Lombardo first broadcast "Auld Lang Syne" from the Roosevelt Hotel Grill on New Year's Eve in 1929, and the hotel was featured in movies like The French Connection, Wall Street, and Maid in Manhattan. However, the hotel closed in October 2020 in the wake of the pandemic and briefly served as an emergency migrant intake center in 2023. There was a request to make it a New York City Landmark in 2021, but this did not come to pass.
1 East 57th Street
Developed by Louis Vuitton Moet Hennessey | Designer TBA
25 stories | 182,457 square feet
Completion TBD
1 East 57th Street (CityRealty)
On the northeast corner of Fifth Avenue and East 57th Street, what looks like a stack of monogrammed Louis Vuitton steamer trunks has emerged as a popular photo site in recent years. This is not a brand installation, but rather what The Wall Street Journal calls "the most fashionable scaffolding in the world." It conceals the demolition of the 20-story building that once served as the headquarters of Louis Vuitton Moet Hennessey (LVMH), and plans for a new tower were submitted shortly before New York Fashion Week began in September 2025.
It will be anchored by a 10-story Louis Vuitton flagship store billed as a "world-class experiential retail destination," offering an eighth-floor cafe with a terrace and Central Park views. The upper levels will be occupied by four floors of public exhibition space centered on the history of the Louis Vuitton brand, a luxury spa, showroom suites, restaurants, and a top-floor bar and garden. LVMH seeks a floor area bonus in exchange for improvements to the Lexington Avenue-59th Street subway stop that include an ADA-compliant elevator, but this is still under review by the Department of City Planning.
405-415 Park Avenue
Developed by Extell Development | Designer TBA
As much as 700,000 square feet
Completion TBD
Google Streetview of 415 Park Avenue
In May 2026, Extell Development bought 405-415 Park Avenue, a vacant site on the northeast corner of East 54th Street for $500 million. The Real Deal announced the purchase, noted that Extell also bought air rights from the nearby Central Synagogue for $20 million, and noted that the firm is also eyeing the adjacent office building at 110 East 55th Street and 111 East 54th Street, home of private club The Brook. The Midtown East rezoning allows landmarked properties like Central Synagogue to sells their unused development rights anywhere in the district, and Extell acquired all the unused transferable development that the synagogue held.
Plans for the site have not yet been announced, but it can support approximately 527,000 square feet of development as of right, or up to 700,000 square feet of rentable office space with additional air rights.
Plans for the site have not yet been announced, but it can support approximately 527,000 square feet of development as of right, or up to 700,000 square feet of rentable office space with additional air rights.
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