Fisher Brothers and UAE to build 27-story tower near UN

Mixed-use tower to hold apartments and “community facility”

New York /
Aug.August 12, 2015 11:24 AM

UPDATED, 12:15 p.m., Aug. 12: The United Arab Emirates are planning to build a 27-story mixed-use tower at 315 East 46th Street, according to permits filed with the Department of Buildings Wednesday.

Fisher Brothers is the development and construction manager for the Middle Eastern government. The UAE embassy bought the land back in 2009 for $44.7 million.

According to the application, the partners are looking to develop a nearly 90,000-square-foot building, consisting of nine apartments totaling 15,043 square feet and a 75,170 square-foot “community facility.”

It wasn’t immediately clear what kind of facility that would be, although the plans include a two-story auditorium.

The property, located between First and Second avenues, is close to the United Nations and surrounded by consulates and permanent missions, which suggests at least part of the building could be used by the UAE for official purposes.

The building is designed by Skidmore, Owings & Merrill.

Fisher Brothers could not be reached for comment on short notice.

The project is the latest instance of New York developers working with with foreign governments on Manhattan projects. Early last year, developer Ron Yeffet joined forces with the Republic of Senegal to build a 22-story mixed-use tower at nearby 227 East 44th Street.

 

Correction: an earlier version of this article incorrectly stated that the UAE and Fisher Brothers are partners in the project.


Related Articles

arrow_forward_ios
A rendering of Pavilia Farm III and CK Asset Holdings chair Victor Li Tzar-kuoi (The Pavilia Farm 360, Getty)
Hong Kong housing prices race toward record highs
Hong Kong housing prices race toward record highs
The Savoy Hotel in London, UK in 1980 (Getty)
UK hospitality employers could cut half a million jobs
UK hospitality employers could cut half a million jobs
Hong Kong's Dragon Lodge. (HK Urbex)
Hauntings and superstitions keep some of Hong Kong’s desirable properties empty
Hauntings and superstitions keep some of Hong Kong’s desirable properties empty
Sam Nazarian (Getty)
Sam Nazarian’s food venture expands to Saudi Arabia in $100M JV
Sam Nazarian’s food venture expands to Saudi Arabia in $100M JV
Commercial real estate investment was harder-hit in the New York metro and Bay Area than in Greater Los Angeles. (iStock)
LA was top spot for commercial property investment in Covid-ravaged year
LA was top spot for commercial property investment in Covid-ravaged year
Equitable CEO Mark Pearson and Fisher Brothers’ CEO Ken Fisher with 1345 Avenue of the Americas (Google Maps)
Equitable Life Insurance inks 130K sf lease for new office
Equitable Life Insurance inks 130K sf lease for new office
Fisher Brothers partner Kenneth Fisher and 605 Third Avenue (Photos via Getty, Fisher Brothers/Illustration by Kevin Rebong for The Real Deal)
What tenants pay Fisher Brothers & JPMorgan at 605 Third Avenue
What tenants pay Fisher Brothers & JPMorgan at 605 Third Avenue
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Global real estate investment bounced back in Q4
Global real estate investment bounced back in Q4
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...