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Ceruzzi’s 138 East 50th St Adds 12 Floors


A planned mixed-use tower at 138 East 50th St will now rise to 64 stories, up from the 52 called for originally. Another change: it’ll be all-condo on the upper floors instead of a 764-key hotel. The updated plans call for the 220k SF tower to have 7k SF of retail space on the ground level. Extell sold the site to Ceruzzi Properties last year after acquiring it for $61M in 2012. Ceruzzi’s flexing its muscle in the area, with this project and a 920-foot-tall mixed-use tower in the pipeline several blocks away at 520 Fifth Ave. The unit count and completion date haven’t been released yet. [NYY]