Renderings Released for Highly Anticipated 212 Fifth Avenue Conversion

Real estate blog 6sqft reported on the updated plans for the highly anticipated conversion of 212 Fifth Avenue into condominiums. The 24-story, 220,000-square-foot office building will hold 48 units and will include more than 3,800 square feet of commercial space on the ground floor. The renderings, approved by the Landmarks Preservation Commission, note renovations on the storefronts and restoration of the brick exterior. The building was purchased by a joint venture of Madison Equities, Building and Land Technology (BLT) and Thor Equities from Extell Development in a deal valued at approximately $260 million. Olshan Real Estate partner Thomas Kearns represented the venture on the acquisition and construction loan