In the Rezone
Two weeks ago, the Landmarks Preservation Commission reviewed five buildings in Midtown East for landmark consideration in what was another chapter in the debate between the real estate industry and preservationists over the area’s historic real estate assets.
Seen as a roadblock in the Midtown East rezoning plan by many real estate professionals and a vital step in historic preservation by preservationists, the debate has raged on for months—even some of the buildings’ owners oppose preservation status.
Spearheaded by the Municipal Art Society, the preservation process began with the submission of a list of 17 candidate buildings. Four of the five buildings reviewed by LPC were on that preliminary list, and all five have been pinpointed below by The Commercial Observer.
Five historic Midtown East buildings could be granted landmark status in advance of the Midtown East rezoning, after the Landmarks Preservation Commission voted this afternoon to move the Graybar Building, the Shelton Hotel, the Beverly Hotel, the Hotel Lexington and the Pershing Square Building to the next step of the landmarking process.
Today’s vote to calendar public hearings signals that the landmarks commission considers the buildings worthy of landmarks consideration. And while it in no way assures that any of the buildings will achieve landmark status, it is a promising sign that at least some of the properties may be protected.
Insurance specialist law firm Hargraves McConnell & Costigan has jumped from the Graybar Building at 420 Lexington Avenue to 230 Park Avenue, signing a 10-year lease for 10,000 square feet. Landlord Monday Properties will build out the space as part of the deal, and the firm will relocate in the fall.
Matthew McBride of CB Read More