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Building Go Round In Circles

First it was. Then it wasn't. And now? The mystery behind the ever changing 485 Fifth Avenue has finally been revealed. Following the report last week that the planned condo conversion was cancelled, we learn today that Hyatt has scrapped the proposed plans and is planning to convert the property into a hotel and timeshare and top everything off with, you guessed it, condos. They are keeping the plans for Peter Som's lobby as well.

· Hyatt to Open at 485 Fifth Ave [NY Post}
· Somebody Get Peter Som Some Tissue [Curbed]

BONUS: You can still see the old conversion plans at the 485 Fifth website, including Penthouse 14 Floor Porn above.