Trump Place

[New Jack City]

We can keep track of the developments at Trump Place in this thread.

For an introduction, here is a description of the massive development on Manhattan's westside by Trump.

Trump Place

Largest single private development in
New York City’s history

When completed, Riverside South will be the largest single private development in New York City’s history.

The $3 billion project on a 56-acre site will include 16 apartment buildings with 5,700 residential units, 1.8 million square feet of studio space, 300,000 square feet of office and retail space, and a 22-acre waterfront park.

We completed the environmental studies for this massive project. From scoping to completion of the final environmental impact statement, the review took only 14 months.

Significant elements of our work included historic and archaeology studies, retail expenditure analyses, infrastructure studies, and air quality impact studies, including wind tunnel studies.

In addition, our engineering group designed the building’s []bconnection to the existing water main in Riverside Boulevard.

Thanks to: http://www.akrf.com/Projects/Large_Scale_Pub_Priv/project_riverside_south.html

Official website:

http://www.trumpplace.com/

Models of Trump Place:

http://www.architecturalphotography.com/images/Riverside%20South1.JPG

http://www.shuion.com/images/photos/rsdmny.jpg

Completed

220 Riverside Boulevard

Height - 165 m/542 ft
Floors (OG) - 49
Year (start) - 2001
Year (end) - 2003

http://www.kondylis.com/images/photos/99a13_ab1.jpg

Picture from Wired NY:

http://www.wirednewyork.com/trump_place/images/trump_place_240riverside_26may03.jpg

200 Riverside Boulevard

Height- 150 m/491 ft
Floors (OG) - 46
Year (end) - 1999

http://www.skyscrapercity.com/photopost/data/500/2404200riversidetrumpplace.jpg

http://www.skyscrapercity.com/photopost/data/500/2404200riversidetrumpplace2.jpg

180 Riverside Boulevard

Height- 129 m/422 ft
Floors (OG) - 40
Year (end) - 1998

http://www.skyscrapercity.com/photopost/data/500/2404180riversidetrumpplace.jpg

http://www.skyscrapercity.com/photopost/data/500/2404180riversidetrumpplace2.jpg

160 Riverside Boulevard

Height - 108 m/354 ft
Floors (OG) - 33
Year (end) - 2001

http://www.skyscrapercity.com/photopost/data/500/2404160riversidetrumpplace.jpg

Under Construction

240 Riverside Boulevard

Height - 110 m/362 ft
Floors (OG) - 31
Year (start) - 2003
Year (end )- 2004

Rendering:

http://www.kondylis.com/images/photos/00a09_ab1.jpg

April 5 construction picture from s.com:

http://www.skyscrapercity.com/photopost/data/500/2404240riversidetrumpplaceuc.jpg

120 Riverside Boulevard

Floors: 21 Stories

Rendering:

http://catalog.netgeo.biz/cat_7/item/80e6a481.JPG

Construction pictured posted at Wired New York:

http://im1.shutterfly.com/procserv/47b4da03b3127ccebd0accb0b4010000001610

Picture dated April 5th, of Trump Place:

http://www.skyscrapercity.com/photopost/data/500/2404trumpplaceskyline.jpg

[AtlanticaC5]

I like Trump Place, I find the buildings quite cool for being residentials :) How many blocks does it cover?

[wolkenkrabber]

it looks nie it must be way expencive to build!!

[Wu-Gambino]

It looks nice, the first tower is by far the best.

[Dash2110]

It looks nice, the first tower is by far the best.

I agree, the first tower is my favorite as well. It certainly is a nice little development on the West Side.

How many blocks does it cover?

The official site says it runs from 59th Street to 72nd Street.

[TYW]

nice project. they'll reclaim land for the park?

i like the 1st tower too:D

[New Jack City]

Trump Place, April 28 from the ESB.

http://www.skyscrapercity.com/photopost/data/500/2404trumpplace428.jpg

Work continues:

http://www.skyscrapercity.com/photopost/data/500/2404trumpplacework428.jpg

[RafflesCity]

Very nice collection of residentials! Those developments will make it a nice place to live. I would love to live there!

[7 World Trade]

trump place is the best thing that came out of the head of donald trump so far. im glad that this development will hide those railroad tracks that pass through southern upper west side and extend riverside park all the way to clinton.

the buildings look nice too. they don't look like some of the more annoying residential highrises that are being built in clinton (those buildings are starting to block out the view of times square skyscrapers from the hudson rivers). in fact, they blend in with their surroundings perfectly, and they blended in art deco syles with postmodern styles perfectly.

16 buildings!!?? wow, and i thought trump's only going from 140 riverside to 240 riverside. guess they are only the northern end of a long chain of a wall of residential skyscrapers. hopefully the furure apartments will be as nice as the current ones.

[detroitboy04]

Why do people like the Trump Place project so much?? I think it's a big waste of small building space!!

[3tmk]

I think it's a great development, and the park they're building is even better, but it's all still U/C.
http://mywebpage.netscape.com/TM4sk/west+side/Copy+of+2004_0822Image0001.JPG

[New Jack City]

It's better the land is being developed rather than no developed land at all I say. Not only that, but look at the man behind the project, the Donald!

[flex]

this looks really beautifull i think it fit's perfect in New York.

[New Jack City]

Good overview of Trump Place at the front:

http://www.pbase.com/steve_jump/image/33828447/large.jpg

[New Jack City]

NY POST

W. SIDE FOES TRUMP DONALD

October 9, 2004 -- Donald Trump met his match yesterday — a coalition of groups convinced a judge to block the closing of the 72nd Street highway ramp at Trump's West Side development.

"The West Side did something we haven't been able to do in some time — we fired Donald Trump!" boasted Assemblyman Scott Stringer (D-Manhattan) at a City Hall press conference.

Trump had a deal with the city to build 5,700 apartments between 59th and 72d Streets and to shut the highway ramp so a new north-south street could be constructed along his mammoth Riverside South project.

But Manhattan Supreme Court Justice Doris Ling-Cohan ruled the city had to go back to the drawing board because it had relied on an inadequate 1992 environmental-impact statement.

[Agglomeration]

This means that the white building to the left of the picture is as far north as Trump can go with his big project.

[AJphx]

^ I thought taht building on the left was where the development ended anyway.... and the rest of the towers were planned to the right of the picture?

[7 World Trade]

yeah, 240 riverside blvd was the northern boundary of trump place. north of it is riverside park, and any attempts to build over it will meet stiff resistance.

besides, a reason trump built trump place is to extend riverside park all the way to 59th st through the creation of a riverfront promenade, so destroying part of the original park just doesn't make any sense.

[STR]

The West Side did something we haven't been able to do in some time — we fired Donald Trump

I hate people who quote pop culture. it's so lame. What a F**king loser.

[Ellatur]

^ :rofl:

[3tmk]

http://img.photobucket.com/albums/v648/tom3km/2005_0129Image0086.jpg

[Barsby]

fits in with the rest of the NYC skyline, but its a pretty plain looking tower imo.

[7 World Trade]

i don't think that twin apartment tower is part of trump place (it looks normal for your average residential tower in nyc, but rather cheap for a trump design), but it definitely close by to it for sure.

[3tmk]

it's not? Because it's right next to other UC towers, and in the same style... :dunno:

[LeCom]

http://im1.shutterfly.com/procserv/47b4da03b3127ccebd0accb0b4010000001610
Cool, there's a railroad under it.

[New Jack City]

Newsday

House bill gives $2.5 million to help Donald Trump project

By DEVLIN BARRETT
Associated Press Writer

March 14, 2005, 2:31 PM EST

WASHINGTON -- Billionaire Donald Trump has fame, fortune, and a hit TV show, but Congress wants to give him a little more: $2.5 million to pave the way for better views from his big West Side towers project.

The $284 billion highway spending bill passed overwhelmingly last week by the House includes a provision for some $2.5 million in road construction that would boost Trump's long-held goal of burying part of the West Side Highway near West 61st St.

Burying that section would add park space and provide better views from Trump Place, a group of towers looking over the Hudson River.

Trump's hope of lowering the West Side Highway has been a political sore point for years, in part because Rep. Jerrold Nadler, in whose district the project lies, opposes the plan to tear down and bury the elevated highway before it wears out.

Nadler, D-Manhattan, openly fought with Rep. Sue Kelly, R-Katonah, in 1998 over a similar $6 million provision for construction at the site. It is unusual for a member of Congress to push for a spending provision outside their own district.

Keith Ashdown, vice-president of Taxpayers for Common Sense, a government watchdog group, blasted the funding as pork-barrel spending at its worst.

"There's probably a very short list of individuals who don't deserve to get any federal money, and I would put Donald Trump at the top of that list," said Ashdown, who also complained that no lawmaker has been willing yet to take credit for the spending measure.

"Nobody knows for sure who put this in the bill behind closed doors in the dead of night, so Donald Trump's getting a check for $2.5 million and nobody's even saying who did that."

Neither Nadler's office nor Kelly's office would immediately comment on the $2.5 million provision, and a spokesman for Trump did not immediately return a call for comment.

The $2.5 million would help complete construction of a steel frame underneath Riverside Boulevard around West 61st Street. A steel frame underneath that road would make it easier and cheaper for construction crews to later lower part of the West Side Highway.

Moving the highway, also known as the Joe DiMaggio Highway, below ground would cost hundreds of millions of dollars.

The Senate plans to take up the massive six-year construction spending bill this week.

[3tmk]

congress?? :eek:
well I have seen the posters there in the park about the project, and I do have to say it looks pretty nice, but it will add traffic

[Ellatur]

smells fishy....

[New Jack City]

Nice shot found with some of Trump Place:

http://www1.cs.columbia.edu/~sedwards/photos/kyle200406/kyle200406-Images/4.jpg

[New Jack City]

MSNBC

Trump, investors sell property for $1.8 billion
Property mogul bought New York land for $82 million in 1985

Updated: 5:46 p.m. ET June 1, 2005

NEW YORK - Property mogul Donald Trump and a group of Hong Kong investors have struck a $1.8 billion deal to sell a parcel of land in Manhattan in another sign that New York's real estate market is booming.

Private equity firm Carlyle Group and Extell Development Corporation, developer of the 60-story Orion condominium tower near Times Square, have tentatively agreed to buy the parcel of land that Trump originally bought in 1985 for $82 million.

Trump and the Hong Kong investors, represented by Hudson Waterfront Associations, are 50:50 partners in the deal.

Carlyle and Extell plan to build as many as 3,000 apartments on the 77 acres from 59th to 72nd Streets near the Hudson River. The land, a former railway yard, already includes three rental buildings.

Trump has other buildings in New York and is building high-rise condos in Chicago and Las Vegas.

His casino company, Trump Entertainment Resorts, separate from his real estate business, last month emerged from Chapter 11 bankruptcy protection.

With the average price for a condo in Manhattan well above $1 million and land increasingly scarce, investors and developers are eager to snap up property.

Prices for condos have more than doubled in the past five years or so, giving rise to fears that a bubble is forming.

Others say the property market in New York remains strong.

"New York is a unique market in the country. It's not speculative," said Pamela Liebman, chief executive of the Corcoran Group, a leading residential broker. "It's incredibly deep with everyone from first-time home buyers to retirees looking for a place in New York."

Carlyle's part in the deal reflects a trend among private equity firms to invest in real estate as equity markets remain uncertain and unstable.

Some private equity firms are also buying companies specifically for the value of their real estate.

Hotel properties in New York are also prime targets for acquisition as investors convert the buildings into condominiums.

[TalB]

I have seen it recently and the building all the right-hand side should be nearing completion, while the one on the left-hand side is already completed.

[TalB]

http://www.nypost.com/realestate/49982.htm
TRUMP IN '$1B' SUIT VS. PARTNERS

By BRADEN KEIL and LOIS WEISS
--------------------------------------------------------------------------------
July 12, 2005 -- Donald Trump is so fired up over the low sales price negotiated by his partners for his Upper West Side property, he's suing them for up to $1 billion.

"The Apprentice" star owns a 30 percent stake in the 65-acre former rail yards on the Hudson River, between 59th and 72nd streets — Manhattan's largest undeveloped site slated for residential use.

In a lawsuit filed yesterday in Manhattan federal court, The Donald claims his partners — led by a consortium of Chinese investors — sold the land for $1.76 billion, almost $1.5 billion less than what was offered by competing bidders.

"These guys are either stupid, or far worse than that," Trump told The Post.

Trump's lawyer, Marc Kasowitz, said, "something very, very wrong has happened here."

According to the suit, the partnership helmed by Henry Cheng "improperly pressured Trump to surrender his rights" to the land.

Sources close to Trump speculated the buyer, Gary Barnett and the politically powerful Carlyle Group, could be looking to make a fast profit by flipping the property after the deal closes Aug. 16.

Neither Carlyle officials nor the defendants could be reached.

"They informed me they had a deal, and I said it wasn't high enough," said Trump.

"I told them we had higher bids before they went to contract. I said that they had to go out there and deal. This is the most important piece of property in Manhattan [for sale] in one of the hottest real-estate markets in history."

[TalB]

Here is a recent shot I found of Trump Place.

Originally posted on Wired NY by NYatKNIGHT
http://www.pbase.com/images/43863144.jpg

[3tmk]

I really love the Hudson waterfront, and they've done great with Trump place

[TalB]

The name of that park in the foreground is called Clinton Cove, which is planning an opening or as already opened.

[7 World Trade]

anyone know if the construction of the trump place buildings has progressed south of 120 riverside blvd yet, or are the current 7 buildings the only ones we're gonna see for a while?

[TalB]

I think the that northernmost one is pretty much completed, while the southernmost one is nearing completion.

[TalB]

http://www.newyorkbusiness.com/article.cms?article_id=23620&arc=n
Extell's billion-dollar baby

Developer seeks bids to flip Riverside South parcels at top dollar; condos are king

By Julie Satow
Published on September 12, 2005

Extell Development Corp. is quietly shopping a huge swath of land at Riverside South, the valuable West Side development that it agreed to purchase from Donald Trump and a consortium of investors only months ago, real estate sources say. The price tag could reach as high as $1 billion.

The move has caught industry insiders by surprise. Extell and its partner--Washington, D.C.-based investment fund The Carlyle Group--are planning to build condominium towers in another section of Riverside South and had been expected to develop the rest of the available property.

In June, Extell and Carlyle agreed to pay $1.76 billion for a chunk of Riverside South, in the city's largest residential property sale ever. Extell and Carlyle already have deals to sell three rental buildings for $816 million. Now, if they can get the right price to flip as much as 2.4 million square feet of vacant land, they could recoup their entire outlay.

At least two bidders have submitted offers on the property, which is between West 59th and West 61st streets, say lawyers and brokers who represent them. The names of the bidders could not be determined. Extell and Carlyle declined to comment.

The bids illustrate the persistent strength of the residential real estate market in Manhattan. While the flip is an opportunity for Extell and Carlyle to grab some immediate cash, bidders are betting on a longer-term payoff. Any buyer of the Riverside South parcels will likely use the property to develop its own condominium towers, with pricey luxury units that would not come on line for several years at least.

"The market continues to be very strong; buyers have been aggressive, and prices continue to move upward," says Nat Rockett, a senior vice president at Jones Lang LaSalle. "There is a lot of money out there on both the equity and lending sides."

The property in play includes 1.8 million square feet of developable land that is zoned for commercial use; a buyer would likely seek city approval to rezone it for residential use. The land being marketed also includes more than 570,000 square feet zoned for residential use.

Aiming high

The asking price--approximately $425 a square foot--is near the top of the market. Last month, New York Law School sold 57 Worth St. for $500 per developable square foot.

"At the right number, everything is for sale," says a real estate insider familiar with the Riverside South negotiations. "Extell and Carlyle are sellers, and the deals are price-driven."

Donald Trump purchased Riverside South, a 77-acre enclave that extends from West 59th Street to West 72nd Street, for $100 million in 1985. He proposed the construction of Television City, a 16.5 million-square-foot development for NBC that would have included the world's tallest building, at 152 stories. His plan was shelved after NBC backed out amid stiff community opposition.

Mr. Trump didn't give up. As he moved ahead on a new plan--including 16 residential buildings, commercial space and a waterfront public park--he found his empire in financial turmoil. He sold 70% of his interest in Riverside South in 1994 in order to finance his development there.

The pending sale to Extell and Carlyle helped raise the profile of Extell President Gary Barnett. He soon made a bid to develop a Brooklyn site, going up against real estate heavyweight Bruce Ratner--who was awarded the site, as most observers expected. A major resource enabling Mr. Barnett to aim so high is The Carlyle Group, which has invested in several of his properties, including the 60-story Orion condominium tower on West 42nd Street.

Extell and Carlyle's Riverside South purchase is expected to close by the end of this month. Mr. Trump is taking legal action against his partners, claiming that the sale is below market value.

Barring complications, Extell intends to build condos on vacant plots between West 61st and West 65th streets; it has already begun construction on part of that property, according to a real estate expert familiar with the strategy.

"Their business plan is to build condominiums on the vacant land," says a broker who is familiar with Extell and Carlyle. "But if the right price is put on the table, they will sell."

©2005 Crain Communications Inc.

[TalB]

The complex is pretty much completed.

Originally posted by Edward from Wired NY
http://www.wirednewyork.com/trump_place/images/trump_place_panorama.jpg

[TalB]

http://www.nypost.com/seven/10072005/business/53386.htm
TRUMP LOSES W. SIDE CASE

October 7, 2005 -- Only Donald Trump can strike out three times and still collect $500 million.

The developer yesterday lost his third attempt in court to block a deal in which his backers in Trump's River South condo complex want to wrap up their $1.76 billion sale of the West Side property.

Although Trump's share is 30 percent — more than $500 million — he claimed the partners could have sold it for twice the $1.76 billion price, and he wanted to scuttle the sale.

The proceeds will now be free to roll over into buying the Bank of America skyscraper in San Francisco for $1.05 billion, to avoid taxes on the gains. Trump will also be a 30-percent partner in the landmark skyscraper.

Trump was trying to block the reinvestment in the BofA building and run out the clock on the tax break for the partners.

Paul Tharp

[TalB]

http://www.nypost.com/business/58765.htm
TRIO'S TRUMP THUMP

By LOIS WEISS and BRADEN KEIL
--------------------------------------------------------------------------------
December 15, 2005 -- Sue me and you're not hired.

That's Donald Trump's response to a lawsuit charging that he stiffed a trio of brokers of $1.3 million in commissions.

The three — Barbara Corcoran, former CEO of the Corcoran Group, Carrie Chiang, who remains with the Corcoran Group, and Susan Cara-Madden, previously with the firm — say The Donald agreed to pay them $4 million in commissions and so far, he hasn't ponied up all of it.

Trump struck back yesterday, saying he won't give Corcoran Group, which Barbara Corcoran sold to Cendant in 2001, a co-exclusive on his $125 million Palm Beach home.

"The commission on that house would've been three times what this is," Trump told The Post.

According to the complaint filed Tuesday in New York State Supreme Court, Trump agreed in 1994 to pay the women $2 million for introducing him to Hong Kong investors who put $100 million into the 74-acre project known as Riverside South and Trump Place on the Upper West Side.

Trump also was to pay the trio another $2 million in "percentage commissions," if he received payments for the sale or transfer of the property, the complaint said.

The women claim the recent $1.76 billion sale pushed by Trump's partners was an event that should have triggered a check for their remaining "percentage commission."

Trump has sued his former partners, claiming they let the property go for a price less than the $3 billion he claims it's worth. A judge ruled in September that the sale could go through.

Corcoran said the deal she struck with Trump "is open to interpretation and that she trusts her legal team which according to her "have sued Mr. Trump and won on the same type of deal many years ago." Corcoran recently began work on a reality TV show about real estate.

"She'll have the 15th reality show to fail, behind Mark Cuban and Richard Branson," Trump said.

lois.weiss@nypost.com

[FROM LOS ANGELES]

How many buildings does the Trump Place have?

[FROM LOS ANGELES]

The Trump Place it self is enough to make a small city's skyline.

[7 World Trade]

as of now, trump place has 7 buildings. not sure if they'll build more. the current buildings are 120, 140, 160, 180, 200, 220, and 240 riverside blvd, with 220 riverside blvd being the tallest and 120 riverside blvd being the shortest.

[krull]

Extell retaining Riverside
Owner will develop vacant Riverside South parcels; may seek zoning change

By Julie Satow
Published on December 19, 2005


In a change of plans, Extell Development Corp. will develop all vacant parcels at Riverside South, the 77-acre property it bought in June from Donald Trump and a consortium of Hong Kong investors.

Extell had been quietly shopping parcels with a total of 2.4 million square feet of developable square feet.

"We received plenty of good offers, but why have someone else do it when we can do it ourselves?" asks Raizy Haas, a senior vice president at Extell.


Revised plan

Extell sold the three rental buildings at Riverside South, which runs from West 59th to West 72nd streets on the West Side Highway, to Equity Residential for $816 million. Extell's intention was to build condominiums on the plots between West 61 and West 65 streets. It is now also likely to build on the remaining parcels, for a total of 570,000 square feet of condominiums.

The company may seek to rezone a southeastern area of the site that is now zoned for commercial development.


Trump history

Mr. Trump bought Riverside South in 1985 for $100 million. After a plan to build Television City, a 16.5 million-square-foot development for NBC, fell apart amid stiff community opposition, he decided to put up residential buildings, commercial space and a waterfront park at the site. But in 1994, with his empire in financial turmoil, Mr. Trump sold 70% of his interest to a group of investors from Hong Kong.

Extell paid $1.76 billion for the site with the help of its financial partner, the Carlyle Group of Washington.

Early this summer, Mr. Trump attempted to block the Chinese group, known as Hudson Waterfront Associates, from reinvesting the proceeds of the sale. Last month, an appellate court in Manhattan denied Mr. Trump's preliminary injunction, making way for Hudson Waterfront to purchase the Bank of America building in San Francisco for $1.05 billion.


©2005 Crain Communications Inc.

[TalB]

That company is already building 33 West End Ave, which is not too far from the former IRT Powerhouse.