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Extell Development Plans Office-to-Resi Transformation in Midtown

The developer recently acquired the site for $160 million.

By Anthony Russo | December 04, 2024 at 09:23 AM

Extell Development has proposed to transform a Midtown Manhattan office building into a multi-use residential space, The Real Deal reports, citing property filings.

Last month, the developer acquired the site at 655 Madison Avenue for $160 million. Now, the developer’s plans call for demolishing the 200,000-square-foot building and replacing it with 193,000 square feet. The project would get commercial space, which could be ground-level retail and 62 residential units, The Real Deal noted.

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