2) 425 Park Avenue
David Levinson’s L&L Holdings plans to hold an architectural competition to develop the site once they take control in 2015 and to turn this dowdy tower into a brand-new, 600,000-square-foot building, according to a source. Given 425 Park’s perfect location on the corner of 56th Street, currently wasted on the uninspiring Kahn & Jacobs-designed building, that seems like a wise bet.
A source close to the company said that plans have not been finalized. L&L declined to comment.