Sheldon Solow may have sold off part of the giant First Avenue Mud Pit, but now, at long last, he's finally building on a site located right across the street. According to The Real Deal, the billionaire developer behind the most expensive offices filed plans with the city on Friday to construct a 42-story tower at 685 First Avenue.
The 700,000-square-foot mixed-use building will have 550-units, plus 10,000 square feet of retail space, and 56,000 square feet reserved for manufacturing. The site—a parking lot, was once part of Solow's $4 billion redevelopment plan for the East River waterfront, which disintegrated in recent years. Since then, he's been selling off portions of his properties, including a huge section to JDS Development, who's in the process of building two wacky, curved rental towers on the lot.
· Solow files plans for 42-story tower on East Side [TRD]
· All First Avenue Mud Pit coverage [Curbed]