277 Fifth Avenue
{{short description|Residential skyscraper in Manhattan, New York}}
{{Use mdy dates|date=January 2021}}
{{Infobox building
| name = 277 Fifth
| image = 277 Fifth Avenue.jpg
| caption = Seen in October 2018
| alternate_names = 281 Fifth Avenue
| building_type =
| architectural_style = Modern{{cite web |url=https://www.architectmagazine.com/project-gallery/277-fifth-avenue_1 |title=277 Fifth Avenue|website=Architect Magazine |access-date=24 November 2023}}
| classification =
| location = New York City
| address = 277 Fifth Avenue
| location_city =
| location_country = United States
| mapframe-wikidata = yes
| coordinates = {{coord|40.745661|-73.986275|type:landmark_globe:earth_region:US-NY|display=ti}}
| status = Completed
| topped_out_date = March 2018
| completion_date = 2019
| closing_date =
| height = {{convert|673|ft}}
| architectural =
| tip =
| antenna_spire =
| material =
| size =
| floor_area = {{convert|268,441|sqft|m2}}
| floor_count = 55
| architect = Rafael Viñoly
| developer = Lendlease, Victor Group
| references = {{ctbuh|20128}}
}}
277 Fifth (also called 281 Fifth Avenue) is a condominium tower in Manhattan, New York City designed by architect Rafael Viñoly. The building rises 55 stories and contains 130 residential condominiums.{{cite web|url=https://ny.curbed.com/2017/7/18/15992434/rafael-vinoly-nomad-manhattan-condo-building-construction|title=Rafael Viñoly’s 55-story Nomad tower is on the rise|last=Walker|first=Ameena|date=July 18, 2017|publisher=Curbed|access-date=July 19, 2018}} It is tied with two other buildings, One Grand Central Place and the Barclay Tower as the 94th tallest building in New York at 209 meters. It has been compared to another building of Viñoly's, 432 Park Avenue.
History
In 2012, Kushner Real Estate Group and Ironstate Development acquired the three buildings at 277, 279, and 281 Fifth Avenue. The developers planned a 40-story, {{convert|132,000|sqft|m2}} high-end condo building designed by HWKN Architects.{{cite news|url=https://www.cityrealty.com/nyc/market-insight/features/future-nyc/nomad039s-tallest-spire-277-fifth-avenue-now-topped-out/16346|title=NoMad's Tallest Spire, 277 Fifth Avenue, Now Topped Out|work=City Realty|date=March 12, 2018|last=Hylton|first=Ondel}} Victor Group purchased the site in June 2014 for $99 million and later purchased 273 and 275 Fifth Avenue for $50.3 million.{{cite news|title=What's the Deal: Commercial Property Transactions|url=https://www.wsj.com/articles/whats-the-deal-1401675282|date=June 1, 2014|work=The Wall Street Journal}} In total, Victor Group reportedly spent a total of $174.1 million for the land and air rights underpinning the project. In early 2015, the Australian Lendlease purchased a stake in the project which valued it at approximately $400 million.{{cite news|url=https://www.crainsnewyork.com/article/20150420/REAL_ESTATE/150429989/lend-lease-buys-stake-in-planned-400m-fifth-avenue-condo-tower?_ct=7krhakf11vlx|title=Lend Lease buys stake in planned $400M Fifth Avenue condo tower|last=Geiger|first=Daniel|work=Crain's New York|date=April 20, 2015}}
Plans for the building were first announced later in 2015,{{cite web|url=https://newyorkyimby.com/2015/04/51-story-luxury-residential-tower-at-281-fifth-avenue-to-break-ground-by-2016.html|title=51-Story Luxury Residential Tower At 281 Fifth Avenue To Break Ground By 2016|last=Wilson|first=Reid|date=April 22, 2015|publisher=YIMBY|access-date=July 19, 2018}} and construction began in 2016.{{cite web|url=https://newyorkyimby.com/2016/11/foundation-work-underway-on-52-story-141-unit-mixed-use-tower-at-281-fifth-avenue-nomad.html|title=Foundation Work Underway On 52-Story, 141-Unit Mixed-Use Tower At 281 Fifth Avenue, NoMad|last=Wilson|first=Reid|date=November 18, 2016|publisher=YIMBY|access-date=July 19, 2018}} In February 2017, the developers received a $269 million construction loan from three Singaporean banks including United Overseas Bank, OCBC Bank and DBS Bank. Chinese firm Beijing Shokai Group also invested $100 million in preferred equity in the project.
The building topped out in March 2018 and was completed by the end of the year.{{Cite news|url=https://newyorkyimby.com/2018/03/vinoly-designed-277-fifth-avenue-officially-tops-out-at-55-floors-and-663-feet-in-nomad.html|title=Viñoly-Designed 277 Fifth Avenue Officially Tops Out At 55 Floors and 663 Feet in NoMad|last=Nelson|first=Andrew|date=March 9, 2018|work=New York YIMBY|access-date=August 13, 2018|language=en-US}}
Usage
The building is residential. The building offers a fairly limited set of amenities compared to other, similar buildings.{{Cite news|last=Hughes|first=C. J.|date=August 25, 2017|title=In NoMad, a 55-Story Condo Tries to Peek Out From the Pack|language=en-US|work=The New York Times|url=https://www.nytimes.com/2017/08/25/realestate/nomad-55-story-condo.html|access-date=January 19, 2021|issn=0362-4331}}
See also
References
{{Reflist|30em}}
{{East Side of Manhattan (14th-34th Streets)}}
{{Fifth Avenue}}
Category:Condominiums and housing cooperatives in Manhattan
Category:Rafael Viñoly buildings
Category:Residential buildings completed in 2018
Category:Residential buildings in Manhattan
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