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1 Madison Avenue, application for Renovations.

WHEREAS, The building located at 1 Madison Avenue, also known as the Metropolitan Life Insurance Company Building (the "building"), is a Venetian style office building designed by Pierre L. LeBrun built in l907-09 and altered in 1960-64; and

WHEREAS, In 1989 the building was designated by the New York City Landmarks Preservation Commission as an individual landmark; and

WHEREAS, The applicant, One Residential Fee, LLC, purchased the building on April 29, 2005 from Metropolitan Life Insurance Company; and

WHEREAS, The applicant has retained the architectural firm of Polshek Partnership Architects and historic preservation consultants, Higgins & Quasebarth, to convert the building into condominium apartments, which was formerly occupied by commercial tenants and is presently vacant; and

WHEREAS, The applicant proposes to make various alterations to the building, as follows:

WHEREAS, Community Board Five, although having concerns regarding the depth of the recess proposed to the revolving door located at the building's entrance, respects the applicants' proposed changes and believes they are consistent with the overall integrity of the building; therefore be it

RESOLVED, That Community Board Five recommends approval of the application for 1 Madison Avenue for renovations.

The above resolution passed with a vote of 37 in favor, 0 opposed, 1 abstention, 1 present not entitled to vote.

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