138 East 50th Street
In today's world, 138 East 50th Street is a topic that has gained great relevance and has generated a significant impact on society. With the passage of time, 138 East 50th Street has gained greater importance in various areas, generating discussions, debates and analysis around its relevance and implications. This is why it is essential to delve into the study and understanding of 138 East 50th Street, since its understanding and analysis are transcendental to understanding the world in which we live. In this article, we will delve into the different dimensions and aspects related to 138 East 50th Street, with the aim of providing a comprehensive perspective on this topic and its implications in today's society.
| The Centrale | |
|---|---|
 Seen on May 24, 2019 | |
 | |
| General information | |
| Status | Completed |
| Type | Residential |
| Location | 138 East 50th Street Manhattan, New York |
| Coordinates | 40°45′21″N 73°58′19″W / 40.75590°N 73.97190°W |
| Construction started | 2016 |
| Completed | 2019 |
| Height | |
| Roof | 803 ft (245 m) |
| Technical details | |
| Floor count | 64 |
| Floor area | 220,639 square feet (20,498.0 m2) |
| Design and construction | |
| Architect(s) | Pelli Clarke Pelli |
| Developer | Ceruzzi Properties, SMI USA |
138 East 50th Street, officially named The Centrale, is a residential building in Midtown Manhattan, New York City.[1] The building consists of 124 condominium residences and 7,500 square feet (700 m2) of ground-floor retail between Third Avenue and Lexington Avenue in Midtown East.[1] The developers planned to sell the condominiums for a total of $535.7 million, or an average of $4.3 million per unit.[2]
History
Extell Development Company purchased the site in January 2012 for $61 million and sold it to Ceruzzi Properties in August 2014.[3] Initial plans filed in June 2014 indicated the building would be a 52-story, 502 feet (153 m) hotel with 764 rooms designed by SLCE Architects.[3] However, renderings revealed in September 2015 showed the tower would be a 64-story, 803 feet (245 m) condominium tower.[4] In 2015, the developers secured a $65 million loan on the development's land from Industrial and Commercial Bank of China.[5]
Construction began in mid-2016 and topped out during November 2017.[6] In August 2017, the developers received a $300 million construction loan from Madison Realty Capital.[7] The building was completed in early 2019.[8] In February 2020, Korean firm Meritz Securities provided a $350 million inventory loan against the building's remaining unsold condominiums.[5]
See also
References
- ^ a b Young, Michael (December 13, 2018). "Pelli Clarke Pelli-Designed 138 East 50th Street Nears Full Completion In Midtown East, Manhattan". New York Yimby.
- ^ Parker, Will (May 2, 2018). "Ceruzzi's Midtown condo will launch sales at projected $536M sellout". The Real Deal.
- ^ a b Fedak, Nicolai (June 18, 2014). "Permits Filed: 138 East 50th Street". New York Yimby.
- ^ Fedak, Nikolai (September 9, 2015). "Revealed: 138 East 50th Street, 803-Foot-Tall Midtown Condo Tower Designed By Pelli Clarke Pelli". New York Yimby.
- ^ a b Burke, Mack (February 20, 2020). "Ceruzzi Nabs $350M Condo Inventory Refi From Korean Lender". Commercial Observer.
- ^ Fedak, Nikolai (November 22, 2017). "Pelli Clarke Pelli-Designed 138 East 50th Street Tops Out At 800′, Midtown East". New York Yimby.
- ^ Samtani, Hiten (August 2, 2017). "Ceruzzi scores $300M construction loan for Midtown East luxury condo". The Real Deal.
- ^ Young, Michael (May 21, 2019). "Scoping Out Views As Sales Launch For The Centrale, Aka 138 East 50th Street, In Midtown East". New York YIMBY. Retrieved May 21, 2019.