January 22, 2019
Harry Macklowe has filed a preliminary application with the Department of City Planning to construct Tower Fifth, a 1,551-foot residential project overlooking St. Patrick’s Cathedral near Fifth Avenue. If approved at that height, the tower would be the second tallest in the city, as well as in the Western Hemisphere, after One World Trade Center.
“Tall buildings are a reality,” the developer, who has already built a supertall at 432 Park Ave., told the New York Times. “The days of restrictions on buildings are really over.”
However, Macklowe’s project faces “significant hurdles,” the Times reported. Aside from the multi-billion-dollar expense of building it, there’s also regulatory approval to contend with.
Since it would potentially impinge on five nearby landmarks, Tower Fifth would need approval by the Landmarks Preservation Commission. It would also have to clear what is likely to be a grueling public review process.
For comments, questions or concerns, please contact Paul Bubny