138 East 50th Street, High-rise residential tower in Turtle Bay, United States.
138 East 50th Street is a high-rise residential tower in Turtle Bay that rises 245 meters with 64 floors of postmodern design. The structure contains 124 units ranging from one to four bedrooms, built from steel, concrete, and glass.
Extell Development bought the site in January 2012 for $61 million and sold it to Ceruzzi Properties in August 2014. Plans filed in June 2014 described a 52-story, 764-room hotel by SLCE Architects, but renderings of September 2015 showed a 64-story condominium tower. Construction began in mid-2016, topped out in November 2017 and was completed in early 2019.
The tower's name, The Centrale, was chosen by its developers for the condominium marketing, while the address 138 East 50th Street remains the official designation. The site sits between Third and Lexington Avenues in Midtown East, a block from the prewar office towers of the neighborhood. Its ground floor holds 7,500 square feet of retail.
The Centrale occupies the block front between Third and Lexington Avenues, with 7,500 square feet of ground-floor retail at street level and 124 condominium residences above. The tower rises 803 feet (245 m) across 64 stories, so the lobby and retail sit at the base of a Midtown East block.
The site was bought by Extell Development in January 2012 for $61 million and sold to Ceruzzi Properties in August 2014. Early plans filed in June 2014 described a 52-story, 502-foot hotel with 764 rooms by SLCE Architects; renderings in September 2015 instead showed the 64-story, 803-foot condominium tower that was built.
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