The art gallery is holding out. I suspect that it will eventually sell, as its little building standing alone lacks value. Extell owns all adjacent land, so it can’t be part of a future assemblage.
Personally, I hope they don’t sell because that should lead Extell to preserve the beautiful little building just north of it.
With the development rights in this assemblage, a mixed use could yield a super tall.
There are enough air rights to build very high!
However, I hope that Gary doesn’t build a fat, 650’ glass box.
Maybe Gary will be inspired by what Kush is doing at 660 5th and want to develop a jewel of his own!
I don’t think so. Those mere six blocks make a huge difference in prestige. I hope that he does something tall and pretty nice though, like Ceruzzi’s plan for 520 Fifth.
I hope this lot doesn’t sit empty for years
when does he every build short and stubby?
His stubbiest looking tower is 1 manhattan down on LES and that is still 850 feet tall.
I don’t think it will. I’m sure he will proceed now.
I’d like an 800’+ tower and not something like the International Gem Tower which he built on this same block.