NEW YORK | 143-155 East 60th St | 1000+ FT | FLOORS


#61

another floor or 2 down.


#62

getting close to an empty lot


#63


#64

Is the horrible building on the corner of Lex still there?


#65

yup and still looked occupied as well :\


#66

This project will suck if that filthy eyesore remains.


#67

victim of the China credit crunch


#68

I hope that the POS on Lex comes down.


#69

maybe. The current developer is an anonymous LLC called Sumi Properties. Those are always sketchy.


#70

Sumi is a spin off from the prior developer.


#71

then I guess it is another victim.


#72

Damn. Forgot that Kaufu has chinese partnership. That sucks. I was really looking forward to this one.


#73

Kuafu Properties’ Planned Supertall At 151 East 60th Street Appears To Be Latest Casualty Of Chinese Development Bust, On The Upper East Side


151 East 60th Street, image by Kohn Pedersen Fox


Archilier Architecture’s design proposal

Directly across the street from Bloomingdale’s, 143-155 East 60th Street, or 151 East 60th Street, was supposed to give rise to a residential supertall on the southern edge of the Upper East Side. Owned by Kuafu Properties, the assemblage has seen impressive design proposals released by both Archillier Architecture and Kohn Pedersen Fox. Demolition of six low-rise buildings began in the summer of 2017, after permits were filed. However, since then, activity has come to a grinding halt, and it appears that the site is the latest casualty of New York City’s Chinese-led development bust.

Several unrealized proposals have become victims of the Chinese government’s successful crackdown on capital outflows, including the nearby 118 East 59th Street. That project is only one street to the south, and remains an uncompleted excavated pit.

Had any of the proposed plans for 143-155 East 60th Street come to fruition, the tower would have made a large impact on the skyline, especially looking south from Sheep’s Meadow in Central Park. 143-155 East 60th Street would have risen around 1,000 feet, standing taller than both Robert A. M. Stern Architects 520 Park Avenue and the Bloomberg Tower. The building would have consisted of a large retail base and a supertall residential tower, perched on top.

Archilier Architecture’s proposal shows a tall and slender glass skyscraper with a flat southern elevation and an indented western side, with multiple terraces facing Central Park. Kohn Pedersen Fox’s iteration shows a uniform envelope of staggered glass panels with a central tapered profile and larger floor plates underneath the stepped crown.

Since demolition began, The Real Deal reported that Kuafu and Sumi Properties refinanced the development with a new $100 million loan from Bank of the Ozarks. However, that was in April of 2017, and at this point, it appears the loan has been good for naught, with work on the site appearing to come to a total and complete stop.

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NYY


#74

I’m ok with this. I don’t want anything to rise here until this PoS on Lex comes down.