Olympic Tower
Olympic Tower
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Olympic Tower

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Olympic Tower

Olympic Tower is a 51-story, 620 ft-tall (190 m) building at 641 and 645 Fifth Avenue, between 51st and 52nd Streets, in the Midtown Manhattan neighborhood of New York City. Designed by Skidmore, Owings & Merrill (SOM), the mixed-use development contains condominium apartments, office space, and retail shops. The tower is named after Olympic Airways, whose president Aristotle Onassis jointly developed the tower with the Arlen Realty and Development Corporation between 1971 and 1974. It was the first skyscraper to be constructed within a special zoning district to encourage retail and mixed-use development along Fifth Avenue.

The building's glass facade is designed to reflect St. Patrick's Cathedral immediately to the south. The superstructure is made of steel on the lower stories and cast concrete on the upper stories. The first two stories contain a public atrium, Olympic Place, which connects the 51st and 52nd Street facades. The next 19 stories contain office space while the top 30 stories contain 230 condominium apartments. Upon Olympic Tower's completion, architectural writers such as Ada Louise Huxtable and Christopher Gray criticized its design.

Construction of Olympic Tower dates to the late 1960s, when Best & Co. sought to build an office tower above their store at Fifth Avenue and 51st Street. Morris Lapidus was initially hired for the project, but the plans were changed after the zoning district was created. When the building was completed, wealthy non-American buyers purchased most of its residential units. Crown Acquisitions bought Olympic Tower from its original owners in the 2010s.

Olympic Tower is in the Midtown Manhattan neighborhood of New York City. It is along the northeast corner of Fifth Avenue to the west and 51st Street to the south, with an arm extending north to 52nd Street. The building carries the addresses 641 Fifth Avenue for its residential units; 645 Fifth Avenue for its office units; and 10 East 52nd Street for its entrance on 52nd Street. The land lot is L-shaped and covers around 25,600 sq ft (2,380 m2), with a frontage of 112.92 ft (34.42 m) on Fifth Avenue and a depth of 192.5 ft (58.7 m). The building wraps around Cartier Building and 647 Fifth Avenue to the northwest and is on the same block as 11 East 51st Street and 488 Madison Avenue to the east. Other nearby buildings include 650 Fifth Avenue to the west, 660 Fifth Avenue to the northwest, Austrian Cultural Forum New York to the north, 12 East 53rd Street and Omni Berkshire Place to the northeast, St. Patrick's Cathedral to the south, and the International Building of Rockefeller Center to the southwest.

Prior to the mid-1940s, a portion of the site was formerly occupied by the Union Club and two residences at 3 East 51st Street and 645 Fifth Avenue. These buildings were demolished by 1944 when a 12-story department store for Best & Co. was announced for the site. The Best & Co. store opened in 1947. Olympic Airways, the national airline of Greece, subleased 647 Fifth Avenue immediately north of the store in 1965 and opened a sales office there the next year.

Olympic Tower was designed in the International Style by the architectural firm of Skidmore, Owings and Merrill (SOM). It is 620 ft (189.0 m) tall, with 51 stories. Whitson Overcash of SOM was the partner in charge and Paul Baren was the project manager. Other firms involved in Olympic Tower's construction included general contractor Tishman Realty & Construction, mechanical engineer W. A. DiGiacomo & Associates, structural engineer James Ruderman, and zoning and code engineer Max Siegel.

The building was the first to take advantage of a special Fifth Avenue zoning district, with retail on the first two floors, followed by offices on the center stories and condominiums on the highest stories. The presence of the zoning district enabled the Fifth Avenue facade of the tower to rise straight up without any setbacks, but setbacks were still required on the 51st and 52nd Street facades. The tower's developers, Arlen Realty and Olympic Airways president Aristotle Onassis, received a zoning variance that exempted them from having to construct a setback on 51st Street. The only setbacks on the tower are on the northern side, facing 52nd Street, where there is a 22-story "bustle". At the time of Olympic Tower's completion, it was the tallest building that faced Fifth Avenue without a setback there.

Olympic Tower has a floor area ratio of 21.6, the maximum permitted in the city when it was completed. The tower received development bonuses in exchange for including a public atrium and for including more than the minimum of retail space that was required for new buildings in the zoning district. In addition to its land lot, the building uses approximately 14,800 ft (4,500 m) of air development rights above neighboring buildings, giving it a total lot area of approximately 40,500 sq ft (3,760 m2). When Olympic Tower was developed, buildings in the densest commercial districts could have a FAR of up to 18, but the tower's development bonuses collectively enabled a 20 percent increase in the maximum FAR.

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