An intersection with crud of various sorts on all four corners ...
If they do build on the site mentioned above then that will be one down, three to go.
In July of 2009, therealdeal.net reported the following transaction:
Midtown East package map Development site ING Clarion n/a Berkshire Capital n/a $13.5M ING Clarion reportedly bought out Berkshire's stake in seven lots, located at 131, 13 and 135 East 56th Street, and 678, 680, 682 and 684 Lexington Avenue, for $13.5 million. ING Clarion was an equity partner in Berkshire's $52 million purchase of the properties last year. July 2009
Today, Curbed.com reported that these parcels are all empty (except for one). Hopefully, demolition is imminent, and hopefully, something nice will be built there.
I hate the TGI Fridays and Bellmarc across the street from this, and I'm not a fan of the big 1950s/60s brick residential buildings on the south east and south west corners of 56th and Lex.
I assume that they're rent-regulated or coops, and therefore, will remain. Isn't the creamish one by Candela, in which case, preservationists wouldn't let anyone touch it.
(Lawyer AND Architectural Historian)
Anyway, this would be a good book to look into for an answer to your question - also by A.Alpern.
Last edited by infoshare; November 19th, 2009 at 06:43 PM.
I walked by here on 9 Feb 2010, and something definitely is happening here. All of the stores are empty, and I'd guess that demolition will occur in a few months.
LL: You gotta get a camera.
I never carry one, and my cell phone battery was dead. It looked like the store in the building that has the Harley Davidson logo is closing too. This will be a nice assemblage. Hopfully, the crappy Belmarc and TGI Fridays across the street will be redeveloped too.
March 17, 2010
Posted: 12:49 AM, March 17, 2010
Lois Weiss - Between the Bricks
The Turkey-based Kiska Development has bought the development site at the northwest corner of 56th Street and Lexington Avenue for $33.9 million, or $386 a square foot.
The lot can accommodate 88,000 square feet of development, and while the expectations are that the space will hold a hotel, its flexible zoning means it could host offices, retail or residential.
Kiska, which is led by Kagan Gursel, created the Marmara-Manhattan extended stay hotel on East 94th Street, which was converted from a condominium. Gursel runs Marmara out of Istanbul.
The site encompasses seven vacant small buildings and runs from 678, 680, 682 and 684 Lexington Avenue around the corner to 131, 122 and 135 East 56th Street.
Eastern Consolidated's Ronald Solarz and Eric Anton represented the seller and the buyer in the transaction, while Alan S. Cohen, Gregg Schenker and Steven Hornstock of ABS Partners Advisory Services served as an adviser on the deal.
A related ABS Partners unit, ABS Partners Real Estate, will continue to manage the property.
Read more: http://www.nypost.com/p/news/business/realestate/commercial/one_broadway_deal_rOYOX2zTUWxSNZGKD9v4FL#ixzz0iQgl UDEi
It's a real POS.
Has demolition started on the buildings on Lex?