Pi Capital bringing 82-unit mixed-use building to Midtown

Project will span about 67K sf at 335 Fifth Avenue

New York /
Jul.July 29, 2019 05:50 PM
335 Fifth Avenue (Credit: Google Maps)

339 Fifth Avenue (Credit: Google Maps)

UPDATED, June 17, 2020, 10:30 a.m.: Pi Capital Partners is planning to develop a 26-story building in Midtown.

The developer is planning a 67,000-square-foot mixed-use project at 339 Fifth Avenue, which the family-run company has owned since at least 1993, according to public records.

The project will contain 82 residential units, and will be split between about 56,000 square feet of residential space and 11,000 square feet of commercial space, according to plans filed Friday with the Department of Buildings. Raymond Chan Architect is designing the building.

Representatives from Pi Capital declined to comment.

The firm landed a pair of major refinancings last year for its projects in Queens: a $60 million mortgage for its residential building at 85-15 Queens Boulevard in Elmhurst and a $43 million recapitalization loan for Flushing Professional Tower at 136-18 39th Avenue.

Update: This story has been updated to reflect that the building is in Midtown, not Koreatown. 


Related Articles

arrow_forward_ios
854 Fifth Avenue (Douglas Elliman)
Gilded Age mansion trades for $50M in all-cash deal
Gilded Age mansion trades for $50M in all-cash deal
DOB NOW (NYC DOB, Getty)
Buildings Department audits plunge as agency closes loophole
Buildings Department audits plunge as agency closes loophole
Jeff Sutton and  717 Fifth Avenue (Google Maps)
Jeff Sutton faces Fifth Avenue foreclosure for unpaid $300M loan
Jeff Sutton faces Fifth Avenue foreclosure for unpaid $300M loan
Robert Mnuchin in front of 944 Fifth Avenue (Getty Images, Google Maps, iStock)
Art dealer Mnuchin relists 5th Ave co-op with $1M discount
Art dealer Mnuchin relists 5th Ave co-op with $1M discount
Top Rock's Uri Mermelstein and Joseph Yushuvayev with 609 Fifth Avenue (LinkedIn, SL Green Realty)
Top Rock revealed as buyer of former Fifth Ave WeWork for $100M
Top Rock revealed as buyer of former Fifth Ave WeWork for $100M
Michael Shvo with Saks Fifth Avenue, Saks, Beverly Hills
Shvo signs up Saks for NYC, Beverly Hills condos
Shvo signs up Saks for NYC, Beverly Hills condos
Boston Properties' Hilary Spann and Eldridge CEO Todd Boehly in front of 767 Fifth Avenue (Boston Properties, Eldridge, Google Maps)
Firm ditches Park Ave for entire floor of GM Building
Firm ditches Park Ave for entire floor of GM Building
Eric Ulrich and Kazimir Vilenchik (Twitter via Eric Ulrich, LinkedIn)
Mayor taps Republican ex-Council member as buildings chief
Mayor taps Republican ex-Council member as buildings chief
arrow_forward_ios

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

Loading...