Page 52 - TRG AIA-305 Prequalification Statement

Located in Manhattan’s Plaza District neighborhood, this existing 20-Story property located at 685 Fifth Avenue was built 1 Harmon Meadow Boulevard - Secaucus, NJ 07094
in 1926 on the block encompassing “the world’s most expensive real estate” and the country’s highest retail on average
annually at $3,000/SF in 2017, as referenced by the New York Times. This most prestigious corner property located on
54th Street & Fifth Avenue between Central Park and Rockefeller Center will undergo a significant upgrade structurally
removing the existing roof structure and adding 10-Stories to this historical residential building. This monumental
undertaking will add roughly 20,000 SF of residential space expanding the existing 20-Stories totaling 115,000 SF of 201-601-4065 - [email protected]
building to newly constructed 30-Stories totaling some 135,000 SF, while converting what was once 148-residential
units into 69-ultra-luxurious condominium residences. While maintaining such exclusive retail tenants such as TAG
Heuer and COACH, the Residences at Mandarin Oriental create a most exquisite lifestyle experience bringing together
the palatial amenities and opulent services of the legendary Mandarin Oriental with the elegance and ambience of a
private home setting.

“The Rinaldi Group is honored and sincerely feels privileged to be building such a significant project for such a dynamic
and truly remarkable real estate mogul and developer the likes of Michael Shvo, who we have been pursuing as an
organization for quite some time”, Mr. Rinaldi noted as the firm’s CEO and President. rinaldinyc.com