Before there was Billionaires’ Row, there was Fifth Avenue Millionaires’ Row. From the turn of the century on up until today, New York’s wealthy have clamored for Fifth Avenue real estate because of its genteel blocks and its front-row vistas of Central Park. Comprised mainly of limestone-faced co-ops, and Gilded Age mansions, the fully-landmarked stretch of the Upper East Side between 59th and 79th streets is often known as the Gold Coast. Staunchly protected, new buildings here are hard to come by. The last major addition to these blocks came in 1999 with the addition of several stories to 838 Fifth Avenue (“"Love Thy Neighbor As Thyself' ”). Now here to disrupt its dormancy is 815 Fifth Avenue: a brand-new condominium venture by Brazilian developer JHSF Participacoes S.A..
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815 Fifth Avenue supplants a 6-floor brownstone mansion that was finished in 1871 and designed by Samuel A. Warner for James Stewart Cushman and wife Verna. According to the sale listing, the building was the oldest on the avenue between 59th and 110th Street. To the dismay of preservationists and some neighbors at 812 and 817 Fifth Avenue, the Landmarks Preservation Commission gave the project its blessing in 2013. Designed by Connecticut-based TP Greer Architects, the building will grow to more than double the height of the previous structure to 15 floors and will be clad in a traditional limestone façade. There will be projecting cornices at the top of 2nd and 14th floors.
Inside will hold 7 or 8 duplex apartments designed the Office of Thierry W. Despont, the architects who are handling the grand reimagination of The Woolworth Residences. Per the building’s recently launched teaser site, each residence will have views of the skyline and Central Park, and a timeless design has created a sophisticated environment that is harmonious in every detail, with exceptional privacy.
As of early April, workers are framing the project’s fourth story and delivery should be expected sometime next year. Pricing has yet to be revealed but given the rarity of Fifth Avenue condos, the homes will surely come at a premium. According to our data, condos in the Upper East Side, west of Park Avenue between 59th and 79th streets have an average ask of $6,495,000 or $2,944 per square foot.
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New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.