Demolition Prep Underway for 37-Story Tower at 655 Madison Avenue on Manhattan’s Upper East Side
Published by John on
Demolition work is gearing up at 655 Madison Avenue, the site of a 37-story mixed-use tower on Manhattan’s Upper East Side. Designed by Beyer Blinder Belle and developed by Extell, the 193,000-square-foot structure will yield 62 condominium units and ground-floor retail space. The property is located at the corner of Madison Avenue and East 60th Street.
Extell also purchased three abutting low-rise buildings at 35, 37, and 39 East 60th Street from Solil Management for $103.3 million. The combined assemblage will measure around 28,000 square feet and come with 99,000 square feet of air rights. All three structures will eventually be demolished for the new building.
The 24-story occupant of 655 Madison Avenue currently stands shrouded in a dense network scaffolding and netting as crews get ready to gut and demolish the structure. The glass façade is still visible but will gradually be removed over the coming months.
