Designed by Karl Fischer Architect and Shamir Shah Design, 172 Madison stands 33 floors high, housing a total of 69 residences, including four penthouses, one mansion and a SkyHouse. The building enjoys a striking façade, flaunting its curtain wall of glass and a blend of the contemporary and historic style. The residences enjoy the finest soundproof insulations and the latest technology in home automation.
The houses exhibit a maximum of 3 rooms per residence, with open floor plans and high ceilings, and windows framing breathtaking vistas of the neighborhood that includes Madison Square Park, the Flatiron District, Gramercy Park and NoMad. The kitchens are well-equipped with hardware by Luce de Luna, Miele, and Subzero. While the 3rd-floor Mansion celebrates a wraparound terrace and a private outdoor pool. Amenities include a concierge, doorman, lounge, outdoor Plaza, pool, club and steam rooms, playroom, and much more.
The site for a mixed-use tower at 172 Madison Avenue on the northwest corner at 33rd Street was acquired in 2007 by NMP Group, which planned an apartment and hotel tower with three major setbacks and broad light-colored piers.
It eventually defaulted on its loan and the CIM Group of Los Angeles purchased the $29 million mortgage and started foreclosure action.
In 2013, Yitzchak Tessler paid off the debt and CIM fees for about $55 million, according to an article in Crain’s and made a partnership with NMP to develop a 31-story tower with 67 apartments.
Karl Fischer is the architects and the project will have a 34-story tower setback on a low-rise base with a pool on the roof of the base.
The mostly glass tower will be contained in large black frames giving it a very powerful and very dramatic verticality. The lowest level of the tower will be slightly indented and a middle section will be slightly indented on the south side and the top section, including the black frames, will be slightly indented on the south side and also have large balcony indentations on alternate floors. The top of the tower will have a setback dark "cap."
Shamir Shah will do the interiors.
The building is across 33rd Street from 160 Madison Avenue, an angled, 42-story, glass-clad, rental building designed by SLCE for J. D. Carlisle Development with 319 apartments.
CONTACT US FOR MORE INFORMATION ABOUT THIS AND OTHER NEW DEVELOPMENTS IN NYC, BROOKLYN & QUEENS!