Permits Filed To Demolish 17-Story Park Avenue Building

MIDTOWN MANHATTAN, NY — Permits were filed with the city on Wednesday to demolish a 17-story office building on Park Avenue that is reportedly set to be rebuilt into a glassy tower.

The current building, at the corner of Park Avenue and East 54th Street, was purchased by MRP Realty and Deutsche Bank Asset Management in 2016, according to the Architect's Newspaper.

Two years later, the owners purchased the air rights of St. Patrick's Cathedral, allowing them to gut their building and raise the height by four stories, as well as install a new all-glass façade, according to the newspaper.

Wednesday's permits include no timeline for demolition, and no permits have been filed for any future construction. The owner was listed as DWS, a real estate investment firm.