It's official: an office building at the northwest corner of Madison Square Park can undergo a residential conversion. (Following in the footsteps of its wildly popular neighbor to the south, no doubt.) New York YIMBY reports that the Landmarks Preservation Commission approved changes to 1913-built 212 Fifth Avenue, which include restoration work, reconstruction of a parapet, and making over the storefronts at the ground level, and as well as more controversial tweaks, such as changing the very visible south-facing facade and making the penthouse bigger.
Developed by Building & Land Technology, Madison Equities and Thor Equities and designed by Helpern Architects, the building originally would have seen major changes to its south face, including the doubling of existing windows on its edges. While the LPC chair called the overall plan "sensitive and respectful," preservationists took issue with altering a landmark structure that much. LPC commissioners will work with the developer and architects on a plan for that side of the building that doesn't depart too much from its existing look.
While it's unclear whether the apartments will be condos or rentals, the former option seem incredibly likely, with Thor and co. seeking to jump on the bandwagon let by 10 Madison Square West, One Madison, the The Whitman (among others). Brace, NoMad, for even more new developments.
· Landmarks Approves Residential Conversion Of 212 Fifth Avenue [YIMBY]
· Mapping NoMad's Next Wave of Game-Changing New Projects [Curbed]
· All 212 Fifth Avenue coverage [Curbed]