Demolition is progressing at 405 Park Avenue, the site of a possible new skyscraper in Midtown East, Manhattan. Though original plans called for a renovation and addition atop the existing 17-story occupant, full demolition permits were issued for the structure in January 2021. MRP Realty is the owner and Titan Industrial SVC Corp. is the demolition contractor for the property, which is located at the corner of Park Avenue and East 54th Street.
Several floors have been removed since our last update in July, when demolition work was just getting underway. Based on the pace of progress, the structure could potentially be fully razed before the end of winter.
The below aerial photographs show the progress on the upper levels, where excavators are breaking up the concrete superstructure. The piles of debris are then lowered to street level and hauled away.
No plans have been revealed for the new structure. However, it is possible this plot could be combined with the cleared parcel at 417 Park Avenue to yield a skyscraper of similar proportions to Lord Norman Foster’s recently finished 425 Park Avenue, just one block to the north. The new project will join the ongoing boom of new high-rise developments across Midtown East such as One Vanderbilt, 175 Park Avenue, 343 Madison Avenue, 415 Madison Avenue, and 270 Park Avenue.
YIMBY will continue to follow up on the demolition and eventual construction of 405 Park Avenue in the coming years.
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