How much did Steadsol spend assembling the site for 712 Fifth Avenue?
712 Fifth Avenue is a 198.1-metre Midtown Manhattan office tower designed by Kohn Pedersen Fox with SLCE Architects and completed in 1990. Its base preserves the landmark Rizzoli and Coty facades, including René Lalique glass panels. Before construction, Steadsol Fifth Associates spent a reported $86 million assembling the parcels and development rights; that site cost is distinct from the unverified $399 million figure repeated by later building databases and from the property's $285 million sale in 1998.
Reported project cost
$86 million
Cost basis: 1985
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Cost evidence
Basis of the published figure
Reported project cost1985
Project metrics
Key dimensions
- HeightCouncil on Vertical Urbanism Skyscraper Center
- 198.1 m
- Floor areaCouncil on Vertical Urbanism Skyscraper Center
- 50,632 m²
Project record