40-Story Condo Development Headed to Fifth Avenue, Report Says

By Mathew Katz on January 17, 2014 9:07am 

 The Kushner Real Estate Group hopes to build a 40-story condo at this spot.
The Kushner Real Estate Group hopes to build a 40-story condo at this spot.
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DNAinfo/Mathew Katz

MIDTOWN — A huge new residential development could soon come to Midtown, according to a report.

Jon Kushner, a developer with the Kushner Real Estate Group, purchased three buildings at the corner of Fifth Avenue and West 30th Street in the hopes of building a high-end condo there, according to a report in Bisnow.

The condo at 281 Fifth Ave. would be 40 stories and about 135,000 square feet, Kushner said, according to the report.

KRE purchased the buildings in 2012, according to city records. At three floors, the building is easily among the smallest on the block and could be build much higher under current zoning. 

The proposed condo would be designed by HWKN Architects, the report said. The spot is currently a shuttered deli. 

Headquartered in New Jersey, KRE owns over 100 properties and has expanded in New York in recent years.

Kushner did not respond to a request for comment.

 

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