Demolition Progresses for 625 Madison Avenue Supertall, Bringing Controversial Developer Related Companies Closer to Midtown East Money Grab
Demolition nears completion at 625 Madison Avenue, paving the way for Related Companies' highly lucrative 68-story residential skyscraper in Manhattan's Midtown East neighborhood.
The controversial Related Companies, led by billionaire real estate developer Stephen Ross, is one step closer to their multi-billion-dollar project in Midtown East as demolition nears completion at 625 Madison Avenue. The planned 1,310-foot supertall skyscraper, spanning 496,000 square feet and offering 101 luxurious condominium units, is set to rise between East 58th and 59th Streets on Madison Avenue.
While Related Companies boasts an impressive portfolio, including the Hudson Yards megadevelopment and the Time Warner Center, their reputation is not without controversy. The company has a history of using their political connections to secure lucrative deals, often at the expense of local communities and taxpayers.
The 625 Madison Avenue project is no exception. The development, which will also include nearly 75,000 square feet of retail space and a suite of amenities, has faced pushback from community groups and city officials who have raised concerns about the project's impact on the surrounding area. But with Related Companies' deep pockets and political influence, it seems that their plans will move forward regardless.
"Related has a long history of using their connections to get what they want," said one city official, who requested anonymity. "This project is just another example of their power and influence in the real estate world."
Despite the controversy and opposition, Related Companies remains determined to push ahead with their money-making project. And with demolition nearing completion, there seems to be no stopping them.
Originally reported by