126 Madison Avenue

126 Madison Avenue (also known as 15 East 30th Street and Madison House) is a residential skyscraper under development by Fosun Property in NoMad, Manhattan, New York City.[3] The building will rise 47 stories and 730 feet (220 m), and is expected to be completed by 2021.[4] J.D. Carisle Development Corp. is co-developing the project with Fosun Group, and Handel Architects is designing. The developers began construction in 2017.[5] The building is actually located on Fifth Avenue, rather than on Madison Avenue as indicated by its name.[6]

126 Madison Avenue
Alternative namesMadison House, 15 East 30th Street
General information
StatusTopped-out
TypeResidential
Location126 Madison Avenue
Manhattan, New York City
Coordinates40.74566°N 73.98516°W / 40.74566; -73.98516
Construction started2017
Estimated completion2021
Height
Roof756 feet (230 m)[1]
Technical details
Floor count51
Floor area350,000 sqft (32,516 sqm)
Design and construction
ArchitectHandel Architects
DeveloperFosun Property, J.D. Carlisle Development Corp.[2]

History

J.D. Carlisle purchased the building's site for $102 million in March 2015 with plans to build a 53 story residential building.[7] The developers received $350 million in construction financing from Bank OZK in May 2018.[8] The structure topped out in June 2019.[9]

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References
  1. "15 East 30th Street". Emporis.
  2. "Fosun Property Invests in 800-foot, 47-Story NoMad Luxury Residential Tower Development with JD Carlisle". Fosun Property. April 29, 2015. Archived from the original on October 26, 2015. Retrieved November 20, 2016.
  3. Fung, Esther (April 29, 2015). "China's Fosun to Develop Luxury Property in New York". The Wall Street Journal. Retrieved June 2, 2015.
  4. Fedak, Nikolai. "Revealed: 126 Madison Avenue, Aka 15 East 30th Street, 730-Foot Condomium Tower". New York YIMBY. Retrieved June 2, 2015.
  5. Geiger, Daniel (April 30, 2015). "China's Fosun buys stake in new Madison Avenue condo tower". Crain's Business. Retrieved June 2, 2015.
  6. Fedak, Nikolai. "Revealed: 126 Madison Avenue, Aka 15 East 30th Street, 730-Foot Condomium Tower". New York YIMBY. Retrieved June 2, 2015.
  7. Moses, Claire (March 3, 2015). "JD Carlisle pays $102M for NoMad development site". The Real Deal. Retrieved June 24, 2019.
  8. Maurer, Mark (May 7, 2018). "Fosun, JD Carlisle score $350M loan for NoMad condo project". The Real Deal. Retrieved June 24, 2019.
  9. Young, Michael (June 4, 2019). "126 Madison Avenue, Aka Madison House, Tops-Out 62 Stories And 805 Feet Above NoMad". New York Yimby. Retrieved June 24, 2019.
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