Real estate investor Aby Rosen has gained a new partner in China Vanke, the largest publicly traded developer in China, for his proposed 61-story condominium-and-hotel tower at 610 Lexington Avenue.
Construction launched on the site, next to the Seagram Building, yesterday. This marks Vankeâ€™s first project in the city and second in the U.S., after teaming with Tishman Speyer on a two-tower condo complex in San Francisco last year.
Rosenâ€™s RFR Holding is plowing ahead with design plans from SLCE Architects, despite limits to the structureâ€™s height and width in lieu of the failed Midtown East rezoning proposal.
The 610 Lexington Avenue development â€świll undoubtedly transform the New York City skyline and redefine modern urban living,â€ť said Yu Liang of China Vanke in a statement provided to Bloomberg News.
The ultimate tower will now be a total of 303,000 square feet, permits have shown. The total height is to be 65 floors, or 712 feet, according to the documents â€” a slight jump over the initially planned 60 stories, as previously reported. [Bloomberg News] — Mark Maurer