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Planned 803-Foot Midtown Tower to Go Condo, Not Hotel

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[Soon to rise above 50th Street. Rendering by by Pelli Clarke Pelli, via YIMBY]

When Extell sold a plot of land at 138 East 50th Street to Ceruzzi Properties last year, the thinking was that the buyer was going to build an enormous hotel: Permits were filed, an architect (SLCE) was chosen, and all seemed to be going swimmingly. Today, YIMBY revealed that those plans have changed, and quite significantly at that. The building, originally planned for 52 stories, will now stand at 803 feet tall over 64 stories; and it's no longer going to be a hotel, but rather condos with retail on the ground floor. Pelli Clarke Pelli, the architecture firm behind 1214 Fifth Avenue and One West End, will design the building—a rendering is shown here.

The building, which will be sandwiched in between two older structures, is just one of many residential towers coming to Midtown in the next few years, although this one will be significantly smaller than, say, 432 Park Avenue. According to plans obtained by YIMBY, "the exterior of the first few floors will be wrapped in a 'terra cotta screen wall with integrated louvers,' and the building's amenities will be co-located within the base as well." The permits that are currently on file with the DOB reflect the old proposal, and as of right now, no completion date has been set—but this will be one to watch out for.
· Revealed: 138 East 50th Street, 803-Foot-Tall Midtown Condo Tower Designed By Pelli Clarke Pelli [YIMBY]
· All 138 East 50th Street Coverage [Curbed]