570 Fifth Avenue as an office (left) and mixed-use residence and hotel (right).
BY: MICHAEL YOUNG AND MATT PRUZNICK 8:00 AM ON APRIL 28, 2023
Demolition is complete at 570 Fifth Avenue, the site of a potential 1,101-foot mixed-use supertall in the Diamond District of Midtown, Manhattan. Developed by Extell, the project could either unfold as a 78-story, 1.4-million-square-foot hotel and condominium tower or as an 860-foot-tall, 47-story office skyscraper yielding more than 1.5 million square feet. ALBA Services was the demolition contractor for the property, which spans between West 46th and West 47th Streets.
Since our last update in December, the remaining rubble from the demolition of the plot’s final occupant has been cleared, and the property sits idly awaiting the start of excavation. It remains unclear when this activity will get underway.
570 Fifth Avenue. Photo by Michael Young
The 12-story, 172-foot-tall corner holdout at 576 Fifth Avenue will eventually be dwarfed by the massive scale of Extell’s future project.
The eye-catching glass curtain wall of Gary Barnett’s International Gem Tower is visible to the west of the site.
Photo by Michael Young
The following rendering of 570 Fifth Avenue’s multi-story podium shows the first two levels dedicated to retail space and a tall main entrance along Fifth Avenue. A landscaped terrace is depicted atop the podium setback.
The top floors of 570 Fifth Avenue as a supertall.
The upper portion of 570 Fifth Avenue will have a collection of relatively shallow setbacks, most of which are placed on the eastern elevation, while the back western profile will remain almost completely flat.
The chart below details each development scenario. The residential and hotel design will be Extell’s third project to surpass 1,000 feet in New York City and will become the second tallest skyscraper along Fifth Avenue after the Empire State Building.
YIMBY last reported that foundation work is expected to last roughly 12 months, followed by the rise of the superstructure for 28 months with a three-month overlap with the initial below-grade work. After that, interior work will last another 28 months with an overlap of 11 months with the previous stage in construction.
A completion date for 570 Fifth Avenue has yet to be officially confirmed, though speculative reports have put it around 2027 should construction begin this year.
570 Fifth Avenue will join a number of new construction and renovation projects that are transforming New York’s iconic retail corridor, including Brookfield Properties‘ 660 Fifth Avenue and the Aman New York hotel and residences at the Crown Building. Nearby projects that added extra square footage to an existing structure include the three-story pavilion atop 727 Fifth Avenue for Tiffany & Co, and ten new floors for SHVO‘s upcoming Mandarin Oriental Residences Fifth Avenue. Some small outdated structures have also given way for larger, more modern buildings like Rolex’s 665 Fifth Avenue and Kohn Pedersen Fox’s 520 Fifth Avenue.
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