The Real Deal New York

Victor Homes pitching NoMad tower to EB-5 investors: report

Rafael Viñoly designing the planned 51-story condo building
December 22, 2014 12:05PM

Victor Homes is reportedly shopping a 51-story Rafael Viñoly design for a condominium tower at 281 Fifth Avenue to foreign investors. 

Massing diagrams revealed to potential EB-5 investors show a cantilevered design to rise at the corner of Fifth Avenue and East 30th Street, in the NoMad section of Midtown South, according to New York YIMBY.

The proposed design includes 250,065 total square feet, to be spread over ground floor retail and luxury residences on the upper levels.

The developer paid $99 million for the site in June, acquiring the three-story site of a former deli in addition to a package of development and air rights that were amassed by former owners Kushner Real Estate Group and Ironstate Development Company.

Viñoly’s New York City designs include the John Jay College of Criminal Justice On 10th Avenue, the Bronx Housing Court and a redesign of the Bernard and Anne Spitzer School of Architecture at City College. [NY YIMBY]Tess Hofmann