Subway Inn Site May Get a 1,000+ Foot Supertall Tower
It was almost two years ago that rumors starting circulating that beloved dive bar the Subway Inn would be forced out of its 77-year home in the wake of being purchased by the World Wide Group as one of six parcels on 60th Street between Third and Lexington Avenues. The bar did close in August 2014, but relocated to a new space around the corner on Second Avenue. This past summer, Cushman & Wakefield worked with World Wide to market/sell the assemblage, using renderings of a glassy supertall tower and talk of nearby Billionaires Row to sweeten the deal. Now, the Commerical Observer reports that Chinese developer Kuafu Properties bought the 19,685-square-foot plot for $300 million, getting one step closer to bringing the 1,000+ foot-tall condo to reality.
As Curbed notes, a new teaser site using the name 151 East 60th Street has launched and it’s using the tagline “Manhattan’s next most exclusive address.” The property, actually located at 143-161 East 60th Street, offers 200 feet of frontage directly across from Bloomingdales, as well as 282,925 buildable square feet above grade. The site also notes that zoning allows for a residential/commerical-use combo and “unlimited height potential” and that the buildings “will be delivered vacant allowing demolition imminent upon closing.”
Google Earth rendering via CityRealty
Stay up to date on developments, construction, and listings for 151 East 60th Street at CityRealty.
[Via Curbed via Commercial Observer]
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