market research

October 2007

October 2007 » Market Analysis » NY New Developments

October 2007 New York New Developments

New Developments

1 Madison, Elad Properties using air rights from SL Green Realty Corp’s 5 Madison Avenue to build a 900-foot-tall, 74-story tower apartment building. Daniel Liebeskind would be the architect on the project. Africa-Israel purchased the land marked Clock Tower at 5 Madison Avenue for $200 million with plans to redevelop the tower into residential units.

One Madison Park, or 23 East 22nd Street, is expected to be completed in fall 2008 and has a $35 million triplex penthouse still on the market.
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