The trouble that Sunshine Developers had getting their Ismael Levya-designed 35-story condo/hotel at Fifth Avenue and 31st Street off the ground might be a warning sign to some about the perils of such a project in such a spot. Not so to Urban Development Partners, which is getting ready to begin construction on, uh, a 35-story building at Fifth Avenue and 31st Street, Crain's reveals. There's no hotel in the cards this time, just a residential tower with 165 market-rate rental units and 10,400 square feet of ground-floor/basement retail space. As for what the SLCE Architects-designed building will look like, take a glance to the right. Neighbors, anyone have thoughts to share on this one?
Urban Development Partners is hoping to open the building in September 2013. No word yet on pricing, but project investor Multi-Employer Property Trust told Crain's a bit about the amenities: fitness center, bike storage, landscaped rooftop terrace, and nine-foot ceilings in the apartments.
· 35-story apt. tower slated for 5th Ave. [Crain's]
· 309 Fifth Avenue coverage [Curbed]