Sutton 58 (also known as 3 Sutton Place) is a residential skyscraper in the
Sutton Place neighborhood of
Midtown East,
Manhattan in New York City.[1]
Architecture
The building was designed by
Thomas Juul-Hansen and is 847 feet (258 m) tall.[2][3] It is variously cited as containing 62 stories[2][4] or 65 stories.[3] The site contains 260,000 square feet (24,000 m2) of buildable space.[5]
The tower's stone-and-glass
facade contains five
bays of windows on its northern and southern elevations and three bays on the western and eastern elevations.[6] The tower is slightly cantilevered over a neighboring building to the east.[4][7] The cantilever extends about 10 feet (3.0 m) over the neighboring structure at 434 East 58th Street.[4] The
superstructure is made of
reinforced concrete.[3][7]
History
Bauhouse plans
In January 2015, The Bauhouse Group secured three adjacent
low-rise buildings on the east side of
Midtown Manhattan in New York City.[8][9] In March the firm acquired a fourth adjacent location, along with 100,000 square feet (9,300 m2) of
air rights, intending to construct a luxury residential skyscraper.[10][11][12] That August, Bauhouse acquired another 109,000 square feet (10,100 m2) of air rights for $37.9 million.[13] The tower would have been designed by
Foster and Partners and would have been about 1,000 feet (300 m) tall.[5] Bauhouse obtained a $63 million loan from Gamma Real Estate in early 2015 and received another $147 million loan from Gamma that June.
JLL brokered the loans.[14][15]
The plans had generated opposition by mid-2015,[16] and opponents raised money to fight the plans.[17] As a direct response to the plans for 3 Sutton Place, community members and politicians sought to rezone the neighborhood, creating a height limit of 260 feet (79 m) for the area bounded by First Avenue to the west, 52nd Street to the south, and 59th Street to the east.[18][19] At the time, the neighborhood had no height restrictions for new buildings, and developers needed only to assemble the required air rights.[18] Residents of the neighboring 434 East 58th Street, whose air rights Bauhouse had purchased during late 2014 for $11 million, said they had been told the structure would be between 13 and 30 stories tall, only to then be shown the plans for a 90-story tower. According to a Bauhouse spokesperson, "As the complex assemblage continued into 2015, the size of the building increased."[20][21] In the midst of opposition, Bauhouse executive Joseph Beninati sought a partner for the project, particularly one who could help underwrite the $650 million proposed cost.[22][23] By December 2015, demolition permits had been filed for the site.[24][25][26] A neighboring property owner, whose house abutted one of the buildings that was going to be demolished, claimed that the demolition would damage his house.[27]
In January 2016, Bauhouse defaulted on the $147 million loan from Gamma.[28] Early the next month, Gamma had started foreclosure proceedings on the site,[29] and the Carlton Group sought an $80 million
mezzanine loan for the project.[30] Gamma scheduled a foreclosure auction for the site for February 29.[31][32] Bauhouse asked a judge to enjoin Gamma from foreclosing on the site, but the request was denied on February 23.[33][34] The following day, JLL sued Bauhouse and Beninati for failing to pay a broker's commission for the two loans the company had secured from Gamma.[14][15] After failing to secure additional funding, Bauhouse filed for bankruptcy on the 3 Sutton Place site two days before the auction was set to occur, thus canceling the planned auction.[35][36] Continuing litigation cast the future of the project into doubt.[37] A bankruptcy court hearing took place in April 2016.[38]
Gamma Real Estate takeover
An auction for the development site was approved in September 2016,[39][40] and a December auction date was scheduled two months later.[41][42][43] Gamma Real Estate acquired the site at auction,[44][45] and it announced revised plans for the site.[46] The plans called for a 67-story structure with 125 apartments across about 262,000 square feet (24,300 m2).[47] Concurrently, efforts to rezone the area proceeded.[48][49] In April 2017, the initial rezoning proposal was released and was initially met critically.[50][51] That same month Gamma Real Estate closed on the property.[52][53] As part of the rezoning, buildings within the rezoned area were required to have 45 to 50 percent of their bulk below a height of 150 feet (46 m).[54][5] Therefore, either the structure would have to be limited to 260 feet (79 m), or the proposed 800-foot (240 m) tower would need to have extremely narrow upper stories, which Gamma opposed.[5]
The rezoning was approved in November, and after an initial decision to grant an exemption was reversed, construction work was halted by the end of the year.[55][56][57] At the time, the foundation was nearly completed.[54][58] Work resumed in June 2018 following approval from the Board of Standards and Appeals, although the project's opponents continued their efforts to halt construction.[59][60][61][62] Construction rose above street level in June 2019 and facade installation began that December.[63][64] In August 2020, the skyscraper
topped-out and facade installation passed the halfway point.[65][2] The last portions of cladding were installed in June 2021, and by August crown installation was progressing.[66][67] The building was completed in 2022.[1]
References
^
ab"Sutton 58". The Skyscraper Center.
CTBUH.
Archived from the original on October 10, 2021. Retrieved October 12, 2021.