In the late nineteenth century, 461
Fifth Avenue was the residence of the Misses Furniss, who were known for hosting musicals and other social functions. They had acquired the address from a J. M. Bixby sometime after 1873. Sometime between 1911 and 1915, the private house was replaced with an eleven-story office building, which in 1945 was renovated to become a
Lane Bryant store. By 1988 the Lane Bryant building was demolished. The current structure was built in 1988 by a Japanese-lead development group using a design by
Raul de Armas of
Skidmore, Owings & Merrill. Within a year of completion, the building had a 90% occupancy rate and had spurred a building boom in the Fifth Avenue area. By 1992 it was fully leased. The first floor shopping level was occupied by a
Pier 1 Imports until 2007, when it was leased to
BCBGMAXAZRIA. The building was sold to its current owner,
SL Green Realty, in 2003 for $62.3 million. ==Architecture==