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A blog from CityRealty (Links below will take you to the 6sqft site)

172 Madison Avenue

Between East 33rd Street & East 34th Street

Carter Horsley
Reviewed by Carter Horsley
Carter Horsley Carter B. Horsley, a former journalist for The New York Times, The International Herald Tribune and The New York Post. Mr. Horsley is also the editorial director of CityRealty.com.
 

The site for a mixed-use tower at 172 Madison Avenue on the northwest corner at 33rd Street was acquired in 2007 by NMP Group, which planned an apartment and hotel tower with three major setbacks and broad light-colored piers.

It eventually defaulted on its loan and the CIM Group of Los Angeles purchased the $29 million mortgage and started foreclosure action.

In 2013, Yitzchak Tessler paid off the debt and CIM fees for about $55 million, according to an article in Crain’s and made a partnership with NMP to develop a 31-story tower with 67 apartments.

Karl Fischer is the architects and the project will have a 34-story tower setback on a low-rise base with a pool on the roof of the base.

The mostly glass tower will be contained in large black frames giving it a very powerful and very dramatic verticality.  The lowest level of the tower will be slightly indented and a middle section will be slightly indented on the south side and the top section, including the black frames, will be slightly indented on the south side and also have large balcony indentations on alternate floors.  The top of the tower will have a setback dark "cap."

Shamir Shah will do the interiors.

The building is across 33rd Street from 160 Madison Avenue, an angled, 42-story, glass-clad, rental building designed by SLCE for J. D. Carlisle Development with 319 apartments.

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