Real Estate Weekly
Image default
Construction & Design

Super luxury apartment tower plan draws ire of Greenwich Village historic preservationist

Developer Josh Zegen has told nervous Greenwich Village residents heʼs committed to making his newest development an asset to the neighborhood.

“Madison Realty Capital looks forward to working with the city and the Greenwich Village community on our new residential project at 16 Fifth Avenue,” said Zegen, principal and cofounder of Madison Realty Capital.

“We are committed to making the building contextually appropriate with the surrounding neighborhood.”

Madison Equities last week filed plans to demolish a pair of 1848 five-story houses at 14-16 Fifth Avenue which were combined into apartments in the 1930s and replace it with a 244 ft. tall luxury apartment tower in the landmarked Greenwich Village Historic District.

Designed by Hill West Architects, the proposed 21-story tower would contain 18 “super-luxury” apartments.

But the plan has drawn the ire of some in the local community who believe the new skyscraper would be out of context with the neighborhood.

Aware that the plan was afoot, over a year ago the Village Preservation sent documentation to the NYC Landmarks Preservation Commission regarding the historic significance of the over 170 year old structures at 14-16 Fifth Avenue.

Built by Henry Brevoort, the buildings were once among New York’s most exclusive addresses, constructed as Gothic Revival mansions, and were home to artist Bret Harte, as well as a prominent Civil War general, a French baroness, and a prominent magazine editor .

The existing buildings contain 20 units of relatively affordable housing.

“Madison Realty Capital’s plan to destroy this historic building with twenty affordable housing units to replace it with eighteen super-luxury condos that will tower over the entire neighborhood is an insult to Greenwich Village and New York City,” said Village Preservation executive director Andrew Berman.

“The application for a tower of these proportions in a historic district is unprecedented; the request to

demolish a landmarked historic building is entirely unjustified, and the plan to replace rare affordable housing units with a smaller number of super-luxury ones that will likely only serve as third or fourth home to international jet-setters is deeply troubling.”

According to NYC Open Data, the average heights of the buildings along Fifth Avenue in the Greenwich Village Historic District is 140 feet. The average height of buildings on the block between 5th and 6th Avenues is approximately 70 feet.

Because the building is located within the landmarked Greenwich Village Historic District, the plan can only proceed after public hearings and a decision by the NYC Landmarks Preservation Commission as to whether or not it is appropriate to demolish the existing building, and if so, if the planned replacement is also appropriate for the site and historic district.

Related posts

AI and cloud adoption propel data center demand to record levels for 2023


DeSimone continues global expansion with latest UK acquisition


Rare green warehouse set to open in The Bronx