New Developments
1 Madison, Elad Properties using air rights from SL Green Realty Corp’s 5 Madison Avenue to build a 900-foot-tall, 74-story tower apartment building. Daniel Liebeskind would be the architect on the project. Africa-Israel purchased the land marked Clock Tower at 5 Madison Avenue for $200 million with plans to redevelop the tower into residential units.
One Madison Park, or 23 East 22nd Street, is expected to be completed in fall 2008 and has a $35 million triplex penthouse still on the market.
