EB5 Projectspast projects: 281 Fifth Avenue
281 Fifth Avenue is a 52-story condominium tower that will soon begin construction on the southeast corner of 30th Street and Fifth Avenue. Permits for the project were filed early last month, and now YIMBY has obtained the first actual rendering of the glassy building, which is being designed by Rafael Viñoly.
Victor Homes is developing the site after picking up the assemblage for $99 million last year, and Lend Lease is helping finance and co-develop the project, which will have a total cost of $400 million.
DOB permits show the 52-story building will stand 705 feet tall, with 141 condominiums units splitting 209,087 square feet of space. Residences will average nearly 1,500 square feet apiece, and the project will also include 7,900 square feet of retail space on the first two floors.
Apartments will range from two to four units per floor, besides full-floor units on the eighth, 49th, and 50th stories. Amenities (including a lounge, fitness center, library, and spa) will be located above the retail space.
The first renderings available were massing diagrams from the project’s EB-5 materials, where two different versions were presented, and the new image matches the more streamlined version very closely.
-- Six parcels of land equaling 13,936 square feet
-- A tower of between 55 and 60 floors
-- Approximately 145 high end residential condominium units
-- Approximately 174,601 square feet
-- Approximately 12,199 square feet of retail space
-- Experienced developer with previous successful EB-5 project