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January 30, 2025

Chainqui marks first decade of planning at 2005 Fifth, with nothing to show

By BRIAN MILLER
Real Estate Editor

Renderings by MZA Architecture [enlarge]
The landmarking of the Griffin and Sheridan buildings means those building facades must be preserved for a 44-story apartment tower to be constructed within.

Ten years ago, to the month, Chainqui Development made its first land buy at 2005 Fifth Ave. That was for $20.7 million; another parcel was added in September of 2015 for an additional $13 million. And yet nothing has been built on the corner of Virginia Street.


 
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