Finally! I just want to see this built, sooner rather than later.

I like the design and the height. I thought 1,250 feet was a little to tall, for such a thin building.

^^ Well, I'd say taller is always better :banana2:

something Scalziand from SSP did. One57 with the revised Verre.

I went ahead and revised my sketchup model for verre.

http://img607.imageshack.us/img607/2620/verrecentral.jpg
model:http://sketchup.google.com/3dwarehouse/details?mid=78ad468a8e6c242fc9b66dccf08d051

^^ Well, I'd say taller is always better :banana2:

No taller isn't always better. There was no reason for this building to be that tall.

^^ It being more beautiful that way is reason enough :banana2:

But it wasn't more beautiful that way, it is more beautiful now.

I'd say that's an objective truth, though that's quite something in an aesthetical context.
But anyone who says something else should really take a closer look.

Proportions fit way better now.

Kento: Reason enough for you. This building looks so much better the size it is now.

Well, I can't help myself, I'm a height fanatic :dunno:

But it wasn't more beautiful that way, it is more beautiful now.

I'd say that's an objective truth, though that's quite something in an aesthetical context.
But anyone who says something else should really take a closer look.

Proportions fit way better now.

I completely agree. I prefer the new version.

I think the design itself is better, but the building's impact will be severely diminished by the height decrease. I wish this one was at least over 1100' (like Chicago's non-Willis Tower bigs).

Didn't the old top have a bunch of metaly stuff and mechanical stuff on top of it? Am I remembering it right? If so, this looks much better.

It will still have a major impact on the skyline because no taller buildings are in front of it from the nj side. Still, this building looks lean and reminds me of Bank of China Tower :)

When can we expect to see prep for this thing? :)

When can we expect to see prep for this thing? :)

Soon as they line up financing. RW has posted a lot of articles about apartments in C57 selling for reportedly north of $6000 a sf, and in other buildings with views of the park, like in the TWC for instance. So the demand is certainly there.

Given how long this re-approval process has taken I'd be shocked if the developer hasn't already been feeling out some financing options. It's also a good sign BofA gave Extell a $700M loan for C57, shows banks are willing to lend to finance these types of projects. Im honestly sort of expecting site prep between now and spring, so when the weather gets nice they can go full speed ahead through spring/summer 2012. But that's not based on anything outside what's basically my best guess.

I think the high if the building is very very important, higher is not always better but a high building is always more interesting. I like skyscrapers but not normal buildings with good architekture

Soon as they line up financing. RW has posted a lot of articles about apartments in C57 selling for reportedly north of $6000 a sf, and in other buildings with views of the park, like in the TWC for instance. So the demand is certainly there.

Given how long this re-approval process has taken I'd be shocked if the developer hasn't already been feeling out some financing options. It's also a good sign BofA gave Extell a $700M loan for C57, shows banks are willing to lend to finance these types of projects. Im honestly sort of expecting site prep between now and spring, so when the weather gets nice they can go full speed ahead through spring/summer 2012. But that's not based on anything outside what's basically my best guess.

Ah. Well let's hope you're right. I can't wait to see this thing rise :)

It will still have a major impact on the skyline because no taller buildings are in front of it from the nj side. Still, this building looks lean and reminds me of Bank of China Tower :)

That's a pretty good comparison when you think about it. The roof of Tower Verre will actually be a bit higher than the roof of Bank of China, but BOC has twin spires for its full height. They do look similar, like cousins...

Crain's (http://www.crainsnewyork.com/article/20110807/FREE/308079984&template=mobile)

http://www.wearysloth.com/Gallery/ActorsG/7090.gif
Michael Gross from the horrible 80's sitcom "Family Ties"


Michael Gross: towering infernal
By Michael Gross

Aug 07, 2011 5:59 am Updated: Aug 8, 10:27 am

My little corner of midtown, West 57th Street and Seventh Avenue, is an odd micro-neighborhood squeezed between Central Park and midtown. When I moved here four years ago, the streets shook and rattled all night as heavy trucks and construction equipment rumbled by—noisy evidence of Manhattan's development delirium. Then, post-Lehman, the noise stopped. The late-night silence was blissful, even if the cause of it was not. It's now starting up again, and some of my neighbors in what is called midtown west are up in arms. I feel their pain.

Extell Development Co. is building One 57 right next door. Worried about their vistas and apartment values, the folks with park views at Metropolitan and Carnegie towers on 57th Street watch in horror as Christian de Portzamparc's hotel-condo rises (it has reached the 22nd floor on its way to 1,004 feet). Across the street, Carnegie Hall is undergoing a renovation complete with thundering street work on weekend mornings that shakes the windows and rattles the walls of local landmarks.

One 57 is just the beginning. Towers are going up on the site of the old Drake Hotel at Park Avenue and East 56th Street, and on West 54th and West 55th streets. Jean Nouvel's MoMA tower on West 53rd Street (approved to 1,050 feet), though reviled by some, is set to be revived. And after securing a $700 million loan for One 57, Extell began demolition a block west, where it has been trying to get an as-yet-undefined tower off the ground. That one will occupy a plot on the site of an old Automobile Row building next to the Art Students League. It must be giving conniptions to Steven Roth at Vornado Realty, who wants to replace the rent-stabilized apartment house at 220 Central Park South with another gleaming condo tower. The latest hurdle appears to be Extell President Gary Barnett, who has the lease on 220 CPS's parking garage and owns an adjacent lot. According to The Wall Street Journal, he is playing Monopoly with Mr. Roth.

But back to my neighbors, one of whom recently wished aloud for another downturn because “New York has enough tall buildings.” I don't agree. Reaching for the sky is what this city is all about, and noise, dust and inconvenience will eventually be forgotten when gleaming new towers bring new residents, businesses, opportunities and visual pleasures to an area that has been on the brink since long before I got here.

My issue is taste. Mr. Nouvel's original MoMA design was awesome, and I hope it remains so after it's downsized. I think Mr. Portzamparc's midblock erection looks dreadful in renderings and will, when it towers over the Essex and Hampshire houses, give the architectural finger not just to its view-losing neighbors but also to the city's skyline.

Mr. Barnett's design proclivities don't yet match his skills for getting things built. So, though I can't see One 57 from my windows, his other 57th Street project worries me. I'm afraid of what might replace my view of Sir Norman Foster's Hearst Building. Real estate appraisal has a concept called Highest and Best Use: the use of a property that achieves its highest value. I know he likes to build high. But, Gary? It better be better, too

There's a movie in which mrs. Keaton goes topless for a breast examination. She has a big rack.

The top is not as elegant as it was before, but just to put this whole thing to rest - let's just build it.

I would imagine with the economy likely tanking this project will probably be postponed for quite some time. Maybe it will be built in 10 to 15 years.

^^ maybe, but I don't think so:

Bring on Torre Verre, The Drake and 225 West 57th!

http://www.bloomberg.com/news/2011-0...-mansions.html

Russian Billionaires Buy in U.S. as Mansions Lure Wealth
By John Gittelsohn and Oshrat Carmiel - Aug 3, 2011 12:29 PM ET .

Roustam Tariko, billionaire owner of Russian Standard Bank and Russian Standard Vodka, completed the most expensive home purchase in Miami Beach since 2006 when he bought a $25.5 million estate on Star Island in April....


International investors are buying some of the priciest homes in America as the broader housing market slumps and a weak dollar makes U.S. property more of a bargain. Sales of residences above $20 million are rising in New York, California and Florida, which are popular business and vacation destinations for foreigners, according to Miller Samuel Inc., DataQuick and real estate brokers who cater to luxury buyers....

Manhattan Record

More than two-thirds of the nation’s residences with asking prices of at least $20 million were in those three states, said Rick Goodwin, publisher of Unique Homes magazine in Princeton, New Jersey, which releases an annual list of luxury homes on the market each March.

Seven homes have sold in Manhattan for more than $20 million in the first six months of this year, up from five in the same period of 2010, data from New York-based appraiser Miller Samuel show. The median price of those transactions was $27.5 million, up 15 percent from the year-earlier period. The deals included a $48 million sale to Russian composer Igor Krutoy that set a record for a condominium in the city....



Of the 214 newcomers to Forbes magazine’s annual global ranking of billionaires this year, 54 were from China and 31 from Russia. The Asia-Pacific region had more billionaires than Europe for the first time in more than 10 years and gained the most of any region, with 105 additions, according to the list. Moscow displaced New York as the city with the greatest number of billionaires with 79, compared with New York’s 58.

Aspen Sales
The Forbes list was topped for a second year by Mexico’s Carlos Slim, who in July 2010 bought a Manhattan townhouse known as the Duke Semans mansion for $44 million.

Foreign buyers are also turning to resort locales such as the ski area of Aspen, Colorado, said Tim Estin, a broker at Mason Morse Real Estate in the town.

“It’s a pre-eminent international mountain resort brand,” Estin said of Aspen, where luxury properties are selling at discounts of as much as 30 percent from the peak.

In the last three years, Aspen had at least five deals above $10 million in which the purchaser was from Russia, according to Craig Morris, president of the town’s Morris & Fyrwald Sotheby’s International Realty.

“Four years ago we didn’t have any Russian buyers,” he said.

Slower Price Gains
New York and Los Angeles were near the bottom of a list measuring luxury real estate price appreciation in 15 cities that attract “the world’s global elite,” ahead of only Moscow, according to a June 4 report by Knight Frank LLP, a London-based property consulting firm. In the year through March 31, prices rose 1 percent in Manhattan and fell 2.2 percent in Los Angeles. Prices in Paris increased the most, with a 22 percent gain, followed by Hong Kong, Helsinki, Shanghai and Beijing.

The firm defines luxury as the top 5 percent to 10 percent of the market in each city....

“Compared to other markets around the western world, the U.S., including New York and Los Angeles, lost significant value during the crash and are more fairly priced,” Liam Bailey, the head of residential research at Knight Frank in London, said in an e-mail. “There is no doubt a surge in interest in New York, particularly for people looking for deals....”

A weakening U.S. currency helps make the nation’s homes seem like a good deal, said White, the Sotheby’s president. The dollar has fallen against each of the 16 most-traded currencies in the past year, according to data compiled by Bloomberg.

Among emerging-market currencies, the Russian ruble increased 7.7 percent against the dollar in the 12 months through yesterday. The Brazilian real advanced 12 percent, while the Chinese yuan gained 5.2 percent.

For Russians, interest in luxury properties is as much evidence of conspicuous consumption as it is efforts to capture bargains, said Edward Mermelstein, a real estate attorney Rheem Bell & Mermelstein LLP with offices in New York and Moscow....

In Manhattan, Krutoy and his wife, Olga, bought their 6,000-square-foot condo at the Plaza hotel in March. The deal came six months after the couple completed the purchase of a $12.85 million home in Long Island’s beach area of the Hamptons.

Gin Lane
The Krutoys razed the Southampton mansion and are building a new house at the site on Gin Lane, where neighbors have included designer Vera Wang, shopping-mall magnate Alfred Taubman and New York Times publisher Arthur Sulzberger.

“He was looking at Gin Lane because that’s what he knows - - it’s the Fifth Avenue of the Hamptons,” said Susan Breitenbach, a senior vice president at Corcoran Group, the Krutoys’ broker for the sale, one of five deals she handled this year involving Russian buyers. “That’s what they really wanted and that’s what they stuck with.”

Krutoy bought the Manhattan property because he was seeking a home in the city, rather than looking to take advantage of a bargain, said Ilya Bykov, principal at Protax Services Inc., a New York-based firm that provides legal, tax and property- management services for international clients. Bykov represented Krutoy in his search, negotiation and closing for the Plaza apartment, and helped provide legal representation for the Hamptons home.

Russian buyers “have the money and they always want the best in everything,” Bykov said of the people he represents. “Most of these people are buying pied-a-terres and it’s quite common that the person would buy a luxury apartment in New York and a condo or penthouse in Miami.”

$100 Million
Kirk Henckels, director of the private brokerage at New York’s Stribling & Associates, said he was approached by a would-be buyer from Russia seeking to spend $100 million on a Manhattan home.

“I said, ‘We don’t have properties that high,’” Henckels said in an interview.

The most expensive single residential property currently for sale in Manhattan is the Woolworth Mansion, a 1916 “neo- French Renaissance” edifice on East 80th Street. The sellers are asking $90 million, according to StreetEasy.com, a real estate listings website.

Buyers from Russia and China have expressed interest in the seven-floor mansion, said Paula Del Nunzio, the broker with Brown Harris Stevens who is listing the property.

Extell’s One57
The newest Manhattan condo building to catch the attention of foreign buyers is a 90-story tower under construction on West 57th Street by Extell Development Co., according to Mermelstein and Bykov. The property, known as One57, will be the tallest residential tower in New York when completed in 2013.

The 95-unit building will record “a number of signed contracts” in the next 30 days for units ranging from $7 million to “north of” $40 million, Gary Barnett, Extell’s president, said in a telephone interview. He declined to say where the buyers are from, but said inquiries have come in from overseas, including Russia.

Among the contracts to be signed in the next month is one for a full-floor, 6,200-square-foot unit that offers panoramic views of Manhattan, including Central Park, Barnett said.

“Three-hundred-sixty-degree views, unobstructed. That’s something special,” Barnett said. “If you were worth $100 million dollars or you were a billionaire, this is something unusual. If you can afford the best of the best, why shouldn’t you do that?” To contact the reporter on this story: John Gittelsohn in New York at johngitt@bloomberg.net; Oshrat Carmiel in New York at ocarmiel1@bloomberg.net.

http://www.nytimes.com/2011/08/11/nyregion/chinese-investment-grows-in-new-york-city.html?_r=1&partner=rss&emc=rss

As Investors, Chinese Turn to New York

Jennifer S. Altman for The New York Times
Published: August 10, 2011

Chinese banks have poured more than $1 billion into real estate loans in New York City in the past year. Investors from China are snapping up luxury apartments and planning to spend hundreds of millions of dollars on commercial and residential projects...

http://therealdeal.com/newyork/articles/chinese-buying-manhattan-luxury-condominiums

Chinese are buying luxury condos, too
August 12, 2011 01:00PM


Not only are Chinese banks investing millions of dollars in New York real estate, but Chinese business people are also increasingly buying luxury condominiums in Manhattan, the New York Times reported.

The average sale is a one-bedroom apartment for about $1.45 million, Pamela Liebman, CEO of the Corcoran Group, told the New York Times. Many of them are purchasing the properties as second homes or as housing for children studying in New York. In one case, Liebman said, a parent spent $20 million on an apartment for a daughter going to college in Manhattan.

The preference among the Chinese buyers is for condos over co-ops. "It's a fair challenge getting them to understand the co-op system," Neil Palmer, the CEO of Christie's International Real Estate, said.

Many of the properties of interest to the Chinese are shiny new buildings such as the Time Warner Center that remind the buyers of their cities at home. Others of interest are the Laureate on the Upper West Side, 15 Union Square West and an upcoming new building, 57 Reade.

Coming from the Asian tradition, most of the buyers pay in cash and are averse to mortgages. The Corcoran group plans to host a conference in New York to introduce buyers to the U.S. mortgage process.

Brokers have also been hiring Chinese speakers as staff members and Chinese langauge websites. They have also had to become accustomed to new cultural beliefs. Many Asian buyers associate the fourth floor with death while preferring the eighth floor which is associated with luck and prosperity. [NYT]

good work ....This building its amazing good look ....who design that please upload that

good work ....This building its amazing good look ....who design that please upload that

jean nouvell, he is very famous and makes very good architecture:cheers:

jean nouvell, he is very famous and makes very good architecture:cheers:

I love many of jean's designs

^^ I agree. :)

any news?

Hopefully, Hines will choose its equity partner soon. With all of the volatility in the world, one would think that financing from China or the Gulf will be easy to procure for a blue-chip project like Torre Verre.

http://www.nytimes.com/2011/09/07/realestate/commercial/new-york-construction-rebounding-despite-tight-financing.html?_r=1&ref=business

Square Feet
With Financing Still Rare, New York Developments Start to ReboundBy JOTHAM SEDERSTROM
Published: September 6, 2011
http://graphics8.nytimes.com/images/2011/09/07/business/SUB-HINES-1/SUB-HINES-1-popup.jpg
When the development firm Hines began exploring plans for a state-of-the-art, ground-up office tower overlooking Bryant Park in April 2009, the notion seemed far-fetched at best, given the economic mood.

Construction is expected to begin next year for a 28-story tower at 1045 Avenue of the Americas in Manhattan. The tower will serve as something of a gateway to neighboring Bryant Park.

Demolition at 1045 Avenue of the Americas began in 2009, and the project has avoided pitfalls.
After all, Lehman Brothers had collapsed seven months earlier and Bernard L. Madoff had just pleaded guilty to federal felony charges in his vast financial Ponzi scheme. By the end of 2009, construction had frozen at development sites all across Manhattan. But in the nearly 30 months since those discussions, Hines’s plan to build a 28-story, glass-and-...stainless steel tower at 1045 Avenue of the Americas has withstood many of the obstacles that have thwarted other real estate developers.

“In no point in the last 30 years across all the cycle changes have we ever not been active,” said Tommy Craig, a senior vice president and head of Hines’s regional office in New York. “Resilience is one of the defining virtues of our firm.”

With a search for equity partners and a marketing campaign set to begin this week, the 450,000-square-foot building is one of two Manhattan projects now in the works for Hines. The other, a 72-story mixed-use building at 53 West 53rd Street, is set to rise adjacent to the Museum of Modern Art once an equity source is chosen. The project, designed by Jean Nouvel, was scaled down recently from its original height of 82 stories.....

Wait... Does that mean there's gonna be ANOTHER supertall in the area? :O

No that little glass building's only 28 floors Lol

This is the New York project that excites me the most. The design is gorgeous. It will rival Chrysler as New York's best skyscraper, and one of the best in the world. I hope it's realised, and soon! :)

I agree. It's magnificent.

The Chrysler building isn't the best skyscraper in NYC. And this building could rate in the top 10.

^opinion

Not really. All I said was it isn't the best, which is a fact.

well im thinking more towards best super tall but there is no evidence that its a fact that it isnt the best skyscraper

Not even the best supertall, that title belongs to the king. But that another story for another day. Tower Verra could be a great building, depending how it looks from all sides.

well according to the supertall competition that's not true ;P but yes story for another day.

You mean the one on SSC lol. ESB is one of the Seven Wonders of the World. Want is Chrysler building?

LOL, there is a true skyscraper battle over here :hilarious

empire state building is a wonder for its sheer mass at its time. where as Chrysler is true beauty altho i do love ESB

The list you found is compiled by the American Society of Civil Engineers. The list is about engineering NOT design.

Almost not worth posting, but what the hey. A quote from Jean Nouvel on Curbed.

http://ny.curbed.com/archives/2011/09/16/exclusive_chatting_with_jean_nouvel_at_janes_carousel_opening.php

"...And, on the status of the proposed MoMA Tower Verre: "I can say nothing. I'm waiting. I hope to see some answers here in the next month; I hope." "

Doesn't sound to terribly encouraging.

Doesn't sound to terribly encouraging.

Hines latest statement was that it is choosing from various equity partners. If Nouvel is considering timeframes as imminent as one month, that sounds pretty positive to me. What other city in the world is building several 300m+ skyscrapers priced from $5k/sf and up?

Hines latest statement was that it is choosing from various equity partners. If Nouvel is considering timeframes as imminent as one month, that sounds pretty positive to me. What other city in the world is building several 300m+ skyscrapers priced from $5k/sf and up?

Not New York. Not so far. Let them break ground first.

Not New York. Not so far. Let them break ground first.

One57 is getting around $10k/sf for upper floor apartments, and groundbreaking for 440 Park and Torre Verre will occur in 2012, with 225 W57th not far behind. NY is the king.

One57 is getting around $10k/sf for upper floor apartments, and groundbreaking for 440 Park and Torre Verre will occur in 2012, with 225 W57th not far behind. NY is the king.

I don't know. With a second recession increasingly likely and NYC facing more layoffs and the affluent the world over seeing their assets being worth less I suspect these towers aren't going up in the near future. Maybe by 2020 but I doubt in the near future.

Really hope I am wrong about that but it is difficult to be optimistic on this.

One57 is getting around $10k/sf for upper floor apartments, and groundbreaking for 440 Park and Torre Verre will occur in 2012, with 225 W57th not far behind. NY is the king.

... yes, yes, we know. Your sole function here is to make sure we never forget.

I don't know. With a second recession increasingly likely and NYC facing more layoffs and the affluent the world over seeing their assets being worth less I suspect these towers aren't going up in the near future. Maybe by 2020 but I doubt in the near future.

Really hope I am wrong about that but it is difficult to be optimistic on this.

I 1000% agree with you. The economical climate right now is BAAAAD :gaah: I don't wanna go off topic with economy talks but this is serious business. The US is close to bankrupt just as Greece, Italy, Spain and Portugal are and a second recession is floating above the world on a single rubber baloon. When this baloon explodes things are gonna get really screwed again :gaah:

About construction, comes in my mind; we're talking about New York. Do not forget, we built the Empire State and Chrysler with the crash of the stock exchange.

But at the moment, we are in a market that is not encouraging for commercial projects, but yes residential buildings (like the excellent Carnegie 57). The way is to wait and see.

Im loving the optimism guys :L

About construction, comes in my mind; we're talking about New York. Do not forget, we built the Empire State and Chrysler with the crash of the stock exchange.

But at the moment, we are in a market that is not encouraging for commercial projects, but yes residential buildings (like the excellent Carnegie 57). The way is to wait and see.

So 440 Park and Tower Verre could make it to reality since they are mixed use. Especially 440 Park since it's on such a prestigious spot :dunno:

I 1000% agree with you. The economical climate right now is BAAAAD :gaah: I don't wanna go off topic with economy talks but this is serious business. The US is close to bankrupt just as Greece, Italy, Spain and Portugal are and a second recession is floating above the world on a single rubber baloon. When this baloon explodes things are gonna get really screwed again :gaah:

Firstly, the US is not remotely close to bankruptcy. The US has the strongest economy in the world and will for a very long time. Moreover, NY, which is the epicenter of the US economy, has a strong demand for high-end apartments from all over the world.

^^ Well, I'm no econome so I can only reffer to what I see in news. News could be wrong though (as it happened countless times already), so if I said something inaccurate sorry. But I'm quite certain Greece is one step from being bankrupt and countries like Italy and Portugal are following in its footsteps. I bet the collapse of Euro would badly affect the entire world, not just Europe :dunno::gaah:

^^ Well, I'm no econome so I can only reffer to what I see in news. News could be wrong though (as it happened countless times already), so if I said something inaccurate sorry. But I'm quite certain Greece is one step from being bankrupt and countries like Italy and Portugal are following in its footsteps. I bet the collapse of Euro would badly affect the entire world, not just Europe :dunno::gaah:

be optimistic irland, the baltic countrys and maybe spain have found a way out of crisis

whatsgreece?
its bulshit, its only a little country with a lot of tourists, thats all.

what do you want to do in a crisis?

you need a save place for your money. you can invest your money in real estate. and you can make money with appartements...

:)

^^ Well, countries like Italy will have it hard to not end up like Greece. Fortunately we won't help them. That's good because I'm strictly against sending money to countries which have a higher average earn than we have and which got themselves into throuble because of incompetent managment. Greece and countries like Greece should be left to bankrupt :gaah:

Well, but that's kinda off topic. My problem is this "Eurowall" Euro saving program pisses me off so much. I work to earn money and I should send a lot of it to incompetent countries? Oh no :ohno::gaah:

Well, now back to topic. Are there any news about this building? Do they already have financing secured for it? :dunno:

^^ Well, countries like Italy will have it hard to not end up like Greece. Fortunately we won't help them. That's good because I'm strictly against sending money to countries which have a higher average earn than we have and which got themselves into throuble because of incompetent managment. Greece and countries like Greece should be left to bankrupt :gaah:

Well, but that's kinda off topic. My problem is this "Eurowall" Euro saving program pisses me off so much. I work to earn money and I should send a lot of it to incompetent countries? Oh no :ohno::gaah:

Well, now back to topic. Are there any news about this building? Do they already have financing secured for it? :dunno:


do you know that new york had a boom in the last 10 years?

http://skyscraperpage.com/diagrams/?searchID=52166712&page=33

and there are only a few skyscrapers on the diagramm, the build much more


from whitch country are you?

^^ Well, countries like Italy will have it hard to not end up like Greece. Fortunately we won't help them. That's good because I'm strictly against sending money to countries which have a higher average earn than we have and which got themselves into throuble because of incompetent managment. Greece and countries like Greece should be left to bankrupt :gaah:

Well, but that's kinda off topic. My problem is this "Eurowall" Euro saving program pisses me off so much. I work to earn money and I should send a lot of it to incompetent countries? Oh no :ohno::gaah:

Well, now back to topic. Are there any news about this building? Do they already have financing secured for it? :dunno:

New york has been booming......

Maybe not in terms of supertalls though.

do you know that new york had a boom in the last 10 years?

http://skyscraperpage.com/diagrams/?searchID=52166712&page=33

and there are only a few skyscrapers on the diagramm, the build much more


from whitch country are you?

Slovakia. Though it is my great dream to one day live in the US :cheers:

New york has been booming......

Maybe not in terms of supertalls though.

This is so far off topic it isn't even funny.

Do keep in mind though New York is only solvent because the US government bailed it out with untold quantities of money. In 2008 the entire financial system based in New York collapsed and only government money saved it.

So it is more accurate to say that New York's economy is/was a disaster but the rest of the U.S. (and the world) has given it so much money that it is actually doing pretty well. :nuts:

Huh, i meant in terms of buildings. Not economy. Or did you quote the wrong person?

sorry, my bad then.

New York wasn't bailed out. The city has a powerful economy outside of Wall Street, and many of the major financial corporations that were bailed out aren't even headquartered in the city. Most of the major US corporations simply have offices there, but the policies of those companies don't reflect how the city itself is doing economically. The Stock Exchange's massive flucuations are representative of the entire country, not just New York City.

The US is in recession, but it's not bankrupt. Nor will it go bankrupt. It just needs to get its out of control spending and debt under control and stop sending all of its jobs to India and China. And regulate their banking system. I have faith that these buildings we be built, especially since the suburban housing market is in such terrible shape. People are going to be more apt to live in highrises.

New York's real estate sector is booming, and lots of people want to live there. It's not like Dubai where all the buildings have no people.

Slovakia. Though it is my great dream to one day live in the US :cheers:

i think you are not the only person with this dream:lol:

New York wasn't bailed out. The city has a powerful economy outside of Wall Street, and many of the major financial corporations that were bailed out aren't even headquartered in the city. Most of the major US corporations simply have offices there, but the policies of those companies don't reflect how the city itself is doing economically. The Stock Exchange's massive flucuations are representative of the entire country, not just New York City.

The US is in recession, but it's not bankrupt. Nor will it go bankrupt. It just needs to get its out of control spending and debt under control and stop sending all of its jobs to India and China. And regulate their banking system. I have faith that these buildings we be built, especially since the suburban housing market is in such terrible shape. People are going to be more apt to live in highrises.

New York's real estate sector is booming, and lots of people want to live there. It's not like Dubai where all the buildings have no people.

Exactly. You said it all. : Lol:

yeah he definitely did say it all:cheers:

It was approved by the LPC on 13 Sep. 2011:

http://www.bluemelon.com/photo/29762/1739493-T800600.jpg
http://www.bluemelon.com/photo/29762/1739493-T800600.jpg

It was approved by the LPC on 13 Sep. 2011:

http://www.bluemelon.com/photo/29762/1739493-T800600.jpg
http://www.bluemelon.com/photo/29762/1739493-T800600.jpg

So they will start constuction this year?

So they will start constuction this year?

Unlikely in the next three months. Probably next year at the earliest.

Next year is very likely.

With all of the turmoil in the world right now. Foreign investors seek safe havens, and none is better than property in NY and London.

http://therealdeal.com/newyork/articles/supply-scarcity-helps-manhattan-condo-developers-including-gary-barnett-according-to-corcoran-sunshine


Supply scarcity boosts prices for Manhattan condo developers
September 23, 2011 10:00AM



From left: One57 and Extell Development President Gary Barnett, the Touraine and Toll Brothers CEO Bob Toll and MiMA and Related Companies CEO Stephen RossThere's a scarcity of new development in Manhattan, and developers are licking their chops. According to Corcoran Sunshine Marketing Group data cited by the New York Times, by the end of 2011 just 1,111 new units will open in Manhattan south of Harlem. That's down from 1,767 last year, ad 8,552 in 2007.

That's good news for developers -- such as Extell Development, Related Companies and the Toll Brothers who are delivering One57, MiMA and the Touraine, respectively, to the market -- who recognize the scarcity of supply and are raising prices and foregoing concessions. In fact, some developers are even refusing to negotiate with buyers on price.

Meanwhile, in Brooklyn, there's a condominium boom of sorts underway, though mostly in smaller buildings. The borough's lower prices and the relatively small sack of the projects has made financing easier to obtain for developers. In the second quarter of 2011, 24.6 percent of sales were new developments, compared to 14 percent in the prior year quarter, according to data from appraiser Jonathan Miller. [NYT]

Did they announced any dates?

Oh I thought there were actual news about this. I can't wait to see this built.

http://www.nytimes.com/2011/11/13/realestate/tommy-craig.html?_r=1&ref=realestate

Square Feet | The 30-Minute Interview
Tommy CraigPublished: November 10, 2011

http://graphics8.nytimes.com/images/2011/11/13/realestate/13SQFT/13SQFT-articleInline.jpg

Interview conducted and condensed by

VIVIAN MARINO

Q What does your job at Hines entail?

A My principal role is to think about value-creation opportunities, to manage risk, and to really advance the firm’s reputation in New York.
...

Q How many projects are you working on now? A We’re just finishing a project in the village, One Jackson Square. We’re working on 1045 Sixth, our Bryant Park project. We’re working on the MoMA mixed-use project; and for that project we just secured a special permit and are now actively engaged with prospective equity partners. We have a fourth project that we’ve just been selected on in Lower Manhattan for a residential project — 56 Leonard.

Q How would you say the New York market was faring?

A The New York market on a comparative basis has the strongest fundamentals of any market in the country. The strength in the capital markets would be hard to overstate. There’s been very positive job growth this year. A long-term outlook of New York continues to favor it in ways that very few other cities can compare, mostly because it is really a destination for talent around the globe. We haven’t seen a major user leave New York for over 15 years....

Very strong sales at an obscure development on Lex. presage how well Torre Verre will sell!

Development Update-o-Rama

Upcoming Upper East Side Toll Brothers condo The Touraine is still just a hole in the ground at Lexington Avenue and East 65th Street, but apparently that isn't stopping buyers. A sales office opened across the street from the project last month, and 16 of 22 units are already in contract. The average ask is $2,800/square foot, 25 percent higher than the asking prices when the building first hit the market. Turns out the sales office is also a direct portal to 2007!

http://www.crainsnewyork.com/article/20111115/REAL_ESTATE/111119924


More good news for Torre Verre's bright future:

www.therealdeal.com

European debt crisis rattles foreign buyers
With Greece faltering, some international buyers jump into NYC
November 16, 2011 10:30AM

By Leigh Kamping-Carder


From the November issue: Last month, Fredrik Eklund, a Prudential Douglas Elliman managing director who also runs an eponymous Stockholm-based brokerage, was arranging the sale of a $6.5 million Upper East Side triplex to an overseas buyer from Greece. Given the economic chaos plaguing the Hellenic republic, it may seem unlikely for a Greek buyer to invest millions in New York City real estate right now. But the reasoning behind the purchase was simple: "They have to get their money out of Greece," Eklund said. As the European debt crisis continues, wealthy individuals from tottering European economies may be looking to New York City homes as the proverbial "safe haven" for their assets -- a good bet compared to erratic global stock markets and residential markets across the pond. And, last month, Senator Charles Schumer, the Democrat from New York, and Senator Mike Lee, a Republican from Utah, joined forced to introduce legislation to encourage more of them to park their money in real estate here. The legislation would grant limited visas to foreigners who invest at least $500,000 in cash in residential real estate in the U.S. [more]

^^ Sounds good. It looks like the start of construction is just a matter of time.

(btw, the rich Greek are only contributing to the crisis in their own country by getting their money out. Pretty ironic)

Next year is very likely.

With all of the turmoil in the world right now. Foreign investors seek safe havens, and none is better than property in NY and London.

...and yet it was both NYC and London that have had major terrorist attacks.

...and yet it was both NYC and London that have had major terrorist attacks.

Yes. But they are the pre-eminent world cities, and where the the world's richest people want to be.

He meant economically "safe" because both cities are currently very stable.

Firstly, the US is not remotely close to bankruptcy. The US has the strongest economy in the world and will for a very long time. Moreover, NY, which is the epicenter of the US economy, has a strong demand for high-end apartments from all over the world.

Not remotely close to bankruptcy!?! :hilarious Did you forget the $14,000,000,000,000+ dollar national debt, that is by the way, so high, we can't even pay the interest on it? You are right to say that the US still has the srongest economy in the world, but that isn't much of a distinction now.

The people with money never really suffer during an economic crisis, so if they want these buildings to be built, they will be built, but it will have little to do with the economy.

Not remotely close to bankruptcy!?! :hilarious Did you forget the $14,000,000,000,000+ dollar national debt, that is by the way, so high, we can't even pay the interest on it? You are right to say that the US still has the srongest economy in the world, but that isn't much of a distinction now.

The people with money never really suffer during an economic crisis, so if they want these buildings to be built, they will be built, but it will have little to do with the economy.

The debt as a percentage of GDP is not so high, particularly in light of two unfunded wars that went on for many years. That debt could be paid off easily if, among other things, the Bush tax cuts expire.

More good news for Torre Verre's sales prospects:

therealdeal.com
High-end home shortage could help One57
November 21, 2011 09:30AM


From left: Rubicon Property CEO Jason Haber and a rendering of Extell's One57A lack of new construction, an influx of international buyers and prices still far from peaks have fueled a shortage of high-end apartments in New York City, Bloomberg News reported.

There were 832 homes on the market asking at least $5 million in New York City in October, according to Streeteasy.com, down 9.5 percent from the same time two years ago. Simultaneously, sales of Manhattan luxury apartments increased 17 percent in the third quarter from the prior-year quarter, according to Miller Samuel. There were more sales of at least $20 million in the third quarter this year than during any time since the third quarter of 2008.

Miller Samuel CEO Jonathan Miller traced the beginning of the trend to last November when William Lie Zeckendorf sold his 15 Central Park West penthouse for $40 million and a Superior Ink penthouse went for $31.5 million. By April, the number of pending contracts in the $5 million and greater price range rose to 152, the biggest resurgence since 2008, according to UrbanDigs.com.

The shortage is becoming severe enough that Rubicon Property has sent letters to clients with high-end homes gauging their interest in selling."That's a sign of the times," CEO Jason Haber said. "This is a ready, willing and able buyer and we can't find the product for him."

Bloomberg News said this could be good news for Extell Development's One57, which will launch sales later this month, two years ahead of other high end development. [Bloomberg News]

http://www.bloomberg.com/news/2011-11-21/manhattan-s-luxury-home-supply-dwindles-as-high-end-apartment-demand-jumps.html#

I thought that a good deal of the One57 apartments had already been sold?

The 28 Nov. 2011 edition of Crains New York reports that Torre Verre is underway. I wonder if they have news re: financing that has not yet been reported.


Buildings designed by 'starchitects' pay off big
Residential towers by name-brand designers are outperforming others, even in a weak real estate market.

Anne Field
November 27, 2011 5:59 a.m.

A decade after a bumper crop of residential buildings designed by internationally renowned “starchitects” began rising around the city, the early results are in.

As predicted, such residences were indeed pricier to put up. But especially in Manhattan, the supply of people willing to pay more to live in architecturally celebrated environs seems to be more than adequate.

The biggest surprise, however, may be the degree of flexibility shown at times by such celebrity architects as Frank Gehry, Richard Meier, Jean Nouvel and Robert A.M. Stern. Some have gone so far as to lower the ceilings of their creations and even change facings to meet fast-changing economic conditions and New Yorkers' (especially rich New Yorkers') less-adventurous architectural tastes.

“These architects are great both at helping developers resolve whatever issues come up and creating notable designs for buildings that can command high prices,” said Vishaan Chakrabarti, director of Columbia University's Center for Urban Real Estate.

Such compromises come in the context of cost expectations that are raised from the outset. For openers, starchitects can command fees up to twice those of their mortal brethren. Such buildings can also be more expensive to build. Everything from higher-than-standard-quality materials and mechanical systems added as much as 15% to the cost of constructing the 96-unit condo known as On Prospect Park in Brooklyn, according to Louis Greco, a principal with SDS Procida, the developer that tapped Mr. Meier for the job.

Despite all that, buildings constructed before the real estate crash were “incredibly effective,” selling quickly and at steep premiums compared with plain-vanilla projects, according to James Lansill, a senior managing director at brokerage Corcoran Sunshine. Even today, they still outperform the market.

A 2002 takeoff
The starchitect phenomenon started in earnest in 2002 with the completion of 173 and 176 Perry Street, a pair of sleek, 15-story glass boxes in the West Village on the Hudson River designed by Mr. Meier. They were followed in 2007 by such notables as Mr. Nouvel's 40 Mercer, a 13-story glass palace built by Hines, and Robert A.M. Stern's wildly successful 15 Central Park West, designed for developers Arthur and William Zeckendorf. The latter features two limestone towers inspired by the Art Deco architecture of their neighbors—and has racked up several of the city's highest-priced sales in recent years.

But not all starchitect projects took off. In TriBeCa, developer Sleepy Hudson paid out $36.6 million for 5 Franklin Place and promptly hired Dutch architect Ben van Berkel to produce an ambitious design. The 20-story project died, however, when the recession hit.

With the economy still soft and construction financing continuing to be hard to find, the current crop of starchitect buildings in the works is small. There's Extell Development's 1,003-foot-tall apartment tower and hotel on West 57th Street and Seventh Avenue, designed by French architect Christian de Portzamparc. Mr. Nouvel's controversial 75-story tower next to the Museum of Modern Art from developer Hines is also under way.Having proven themselves so well and so widely, starchitect-designed residences look like they will be around a long time in New York.

“When building picks up, there's going to be a greater sensitivity to higher-quality work,” said Mr. Meier.

Others agree that there may now be no turning back.



Read more: http://www.crainsnewyork.com/article/20111127/REAL_ESTATE02/311279985#ixzz1f3VQ8bxB

Oh, NOOOOOOOOOOOO! please non't build that building, I really non't like it D;

Oh, NOOOOOOOOOOOO! please non't build that building, I really non't like it D;

Ok. Hines will forego building a landmark, iconic tower which will yield units at over $5k/sf (and in which they've invested a lot of money) because you don't like stunning icons.

http://www.architizer.com/blog/wp-content/uploads/2011/08/MoMA_Tower_AofA-596x800.jpg

http://www.architizer.com/blog/wp-content/uploads/2011/08/MoMA_Tower_East-561x800.jpg

http://www.architizer.com/blog/wp-content/uploads/2011/08/MoMA_Tower_Front-455x800.jpg

http://www.audine.net/ark.inu/?p=541

Yeah, well I LOVE it so your 'not like' is cancelled out TWICE!
(Just keeping up the juvenile tone of that post.)

Dear Mr Hines: build it now, please.
(See, I asked nicely!)

The best news of the day! I'll be waiting for some site pics :)

Is it just me or does anyone else think New York is building a lot of slim towers... Tower verre, one57 and 440 park ave spring to mind. All beautiful towers in there own way.

The best news of the day! I'll be waiting for some site pics :)

Totally agree!! This is my favourite project since a long time ago. Great news! :cheers:

It's nice to have you back Bob. I can't wait to see this building rise. It's design is awesome :drool:

Should it be changed to prep. Maybe wait until we have picture proof?

^^ I think we should wait for pics :cheers:

Is it just me or does anyone else think New York is building a lot of slim towers... Tower verre, one57 and 440 park ave spring to mind. All beautiful towers in there own way.

Land values are high so its only sensible to build up instead of spreading out.

Wonderful news for NYC, can't wait for the first construction pics :)

Can anyone pop down to the site?

Can anyone pop down to the site?

Nothing has happened yet.

I love this tower, i don't understand why some people don't like it. I wish we had something like that.

Let's wait and see if this will actually become true. I have heard this talk before.

We'll take it in Toronto.

Let's wait and see if this will actually become true. I have heard this talk before.

Hines is not a fly-by-night developer. They have invested a lot of money in this project. Moreover, this is a project that will yield an enormous profit.

He has a point, remember 2008 and 2009.

Hines reply my mail and say that they are far to build this tower, there is no date for break ground , may be 2-4 years to break ground ,they are working for finanacial search.
under the way.... some journalist are ....

^ Are you being serious? I don't think the developer would give such news to some random dude mailing them.

Hines reply my mail and say that they are far to build this tower, there is no date for break ground , may be 2-4 years to break ground ,they are working for finanacial search.
under the way.... some journalist are ....

Yeah some proof please?

Why doesn't Hines source capital from some of the PE firms in NY?

I'm just surprised no one has jumped on this project; as far as high-end real estate goes this is it.

Why doesn't Hines source capital from some of the PE firms in NY?

I'm just surprised no one has jumped on this project; as far as high-end real estate goes this is it.

Hines is negotiating with overseas and domestic investors. Overseas investors, however, are more likely to seek a safe, dollar-denominated investment that US investors.

The demand for these units is VERY strong.

http://www.crainsnewyork.com/article/20111211/REAL_ESTATE/312119975/1033

New luxury home hard to come by, but easy to sell
Three years into real estate market recovery, pricey units finally catch fire.

By Amanda Fung @amandafung

December 11, 2011 5:59 a.m.

In June, all seven of the full-floor residences at the 10-story luxury condominium at 41 Bond St., in NoHo, sold out in less than a month at prices ranging from $5.2 million to $8.3 million.

“It was a quick process,” said Joseph McMillan, chief executive of DDG Partners, 41 Bond's developer. “There wasn't a lot of competitive product in the market.”

And so it goes around Manhattan. A dearth of new construction in the wake of the crash has led this year to a shortage of high-end apartments for sale—and a strong rebound in prices. The revival of the residential real estate market that began almost two years ago at the lower end of the market, has finally hit the top of the market, as wealthy local buyers and foreign investors alike have gobbled up pricey pads.

Old plans reborn
In response, developers are dusting off plans for some big new luxury projects. However, most remain years away from building, further adding to the frenzy of today's buyers.

“A lot of people didn't know where to put their money this year, the stock market was so volatile,” said Dottie Herman, chief executive of Prudential Douglas Elliman. “So they put it in New York real estate.”

As of Dec. 7, 540 units priced $4 million and up were in contract in Manhattan, according to the Olshan Luxury Report. That is more than in all of 2010, when there were 486 such deals, but still far below the peak figure of 644 set in 2007.

The combination of strong demand and limited supply has pushed the price of luxury apartments, defined as the top 10% of the all condo and co-op deals, up 9% over the last year to an average of $2,074 per square foot, according to Jonathan Miller, chief executive of appraisal firm Miller Samuel Inc. He noted, however, that top-end prices are also 19% below their peaks. Nonetheless, that latest increase is well above the 3% rise to $1,130 per square foot for the Manhattan market as a whole.

More room to rise
SOLD
540 UNITS priced at $4m and up now in contract “We will continue to see upward pressure on prices because of limited choices,” said Kelly Mack, president at Corcoran Sunshine Marketing Group. “High-end buyers are frustrated.”

According to Corcoran Sunshine, a mere 377 newly minted units priced above $1,500 per square foot were put up for sale this year. Over the next three years, that figure is expected to rise to an annual average of 712 units, but that, too, is still far below prerecession levels. Today's buyers, though, have more limited appetites and are pickier than their predecessors.

“Back in the boom days, people would buy anything,” said Kirk Henckels, executive vice president and director of Stribling Private Brokerage. “Today, they are not buying unless it's first-rate.”

That's what happened at Toll Brothers' The Touraine, a 22-unit Upper East Side luxury condo. There, all but four apartments are in contract in the building—not scheduled for completion until the end of 2012—and despite Toll having raised prices every week since launching sales in October.

Similarly, at Rudin Management's new 42-unit prewar-style luxury condo at West 12th Street, more than half of its apartments are in contract after just a month of its sales office opening.

“The demand is unprecedented,” said Steve Rutter, an executive vice president at Stribling Marketing Associates, the exclusive sales and marketing brokerage for the Rudin project.

One of the earlier benefactors of the strong demand for high-end apartments is The Laureate, the 20-story Beaux-Arts condo tower on the Upper West Side, which launched sales in March. It is now 85% sold, with an average price of $6.5 million.

That's good news for Gary Barnett, head of Extell Development Co. He has just launched sales for his $1.4 billion luxury tower One57, now 50 stories tall and rising across the street from Carnegie Hall in midtown.

Last week, its 95 spacious units, which will sit atop a Park Hyatt hotel on the lower floors, went on the market. The penthouse is expected to fetch $100 million. Already, an undisclosed number of contracts are signed, but closings won't begin until mid-2013, according to Mr. Barnett.

“There is tremendous pent-up demand,” said Mr. Barnett. “Everyone is hungry for product.”

A version of this article appeared in the December 12, 2011 print issue of Crain's New York Business.



Read more: http://www.crainsnewyork.com/article/20111211/REAL_ESTATE/312119975#ixzz1gKYcijrq

its weirdly appealing & attractive.

in a way, its trying hard to look like John Hancock building, chicago & also trying hard NOT to look exactly like at the same time.

I love it. Build it. NYC need weird factor. too many boxy, cookie cutter shaped towers.

time to get some crazy going skywards.

its weirdly appealing & attractive.

in a way, its trying hard to look like John Hancock building, chicago & also trying hard NOT to look exactly like at the same time.

I love it. Build it. NYC need weird factor. too many boxy, cookie cutter shaped towers.

time to get some crazy going skywards.

No it doesn't need weird factor. What the heck are you on about. :nuts: NYC isn't some Dubai or Mumbai, where they seek to dazzle with unusual forms. There is no need. If you require that kind of eye candy, don't expect NYC to grant it. how many complain that Tokyo is too "japanese" with all its boxy gray towers? Very few, they accept Tokyo for what it is. NYC is not trying to be the next Dubai.

A view of the site. Man I hope we see this one rising soon.

http://img684.imageshack.us/img684/2188/1327086275047.jpg

http://img849.imageshack.us/img849/4205/1327086337282.jpg

I'm sorry but I've never liked this tower. Still don't. It almost looks evil..

^^ Yeah, thats great description for it. Please more evil towers like this :D

^^ Yeah, thats great description for it. Please more evil towers like this :D

Well, the only reason I say that is all the asymmetrical bracing on the side makes it look weird. :2cents: :2cents:

Well, the only reason I say that is all the asymmetrical bracing on the side makes it look weird. :2cents: :2cents:

i totally agree, my least favorite project in new york. :bash:

^^ When this gets built I promise you it will win everything CTBUH has to offer. Best building Americas, Best buidling completed 2015, etc...

This is like the best proposal NY has had in the last 60 years. Every city would be glad to have such an amazing tower prettifying the skyline. Tower Verre even beats Shanghai Tower in design.

In short: This is NY's new Chrysler Building.

http://www.observer.com/files/2011/07/MoMA_Nouvel_Toure_Verre.jpg

^^ It definitely looks better than the Chrysler Building for me. In my opinion this is an incredibly beautiful building though 432 Park, 1WTC and 2WTC look better in my opinion :cheers:

^^ When this gets built I promise you it will win everything CTBUH has to offer. Best building Americas, Best buidling completed 2015, etc...


You might be into something here. They have pretty good taste there in ctbuh after all. Best for america without a doubt. It's the same level of architecture quality as beekman tower and they have had chosen that one too. Best in the world? Anything can happen on this field but if it will by any chance compete with Kingdom Tower it wont have much of a chance imo. Well even if it has better design Kindom's height blows everything else off :D

If only wtc towers which were meant to be best ny's landmark icons had some more inspiring designs like this or beekman...

This building shouts out New York from tip to toe! It will be great :)

You might be into something here. They have pretty good taste there in ctbuh after all. Best for america without a doubt. It's the same level of architecture quality as beekman tower and they have had chosen that one too. Best in the world? Anything can happen on this field but if it will by any chance compete with Kingdom Tower it wont have much of a chance imo. Well even if it has better design Kindom's height blows everything else off :D

If only wtc towers which were meant to be best ny's landmark icons had some more inspiring designs like this or beekman...

Yeah, but I think that KT will be completed after this one. :D If by any chance both towers are finished in the same year, then KT takes the cake, that's for sure.

I just hope Tower Verre starts construction this year. It will be like a birthday present for lots of forumers here. :)

Even though it's an awesomely looking building Tower Verre isn't the product of it's architect. The design was taken from Tiberium Wars :gossip:

http://images1.wikia.nocookie.net/__cb20110221141347/cnc/images/c/c6/Obelisk.jpg

http://i0.kym-cdn.com/entries/icons/original/000/000/554/facepalm.jpg

^^ :lol: Thanks for a bit of laugh, guys ;)

http://i0.kym-cdn.com/entries/icons/original/000/000/554/facepalm.jpg

:hilarious

Well.. I guess it could be a lot worse. I just wish it didn't look like a giant thorn sticking out of Midtown.

Not sure about best in the world, I think shanghai tower will take that one :) But this really is an amazing tower, and for those people who say its a gloomy and evil looking building thats only because that is how it has been shown in the renders, in real life it will look better :)

:cheers:

^^ That's true, most buildings look better in real life than in renders.

^^ When this gets built I promise you it will win everything CTBUH has to offer. Best building Americas, Best buidling completed 2015, etc...

This is like the best proposal NY has had in the last 60 years. Every city would be glad to have such an amazing tower prettifying the skyline. Tower Verre even beats Shanghai Tower in design.

In short: This is NY's new Chrysler Building.

Yup.

^^ That's true, most buildings look better in real life than in renders.

Most towers I know have better renders than the tower actually is.

I really like this building!! 8,5/10

Most towers I know have better renders than the tower actually is.

I'd say it's about half and half.

Attached is the link to a 300 page document that Hines filed on ACRIS on 9 Sept. 2011. Renderings are set forth on Ex. H.

http://a836-acris.nyc.gov/Scripts/DocSearch.dll/ViewImage?Doc_ID=2011090100433002

:) That is truly stunning!

An excellent proposal. Easily beats new 1WTC.

^^ When this gets built I promise you it will win everything CTBUH has to offer. Best building Americas, Best buidling completed 2015, etc...

This is like the best proposal NY has had in the last 60 years. Every city would be glad to have such an amazing tower prettifying the skyline. Tower Verre even beats Shanghai Tower in design.

In short: This is NY's new Chrysler Building.



I looks stunning :)

Attached is the link to a 300 page document that Hines filed on ACRIS on 9 Sept. 2011. Renderings are set forth on Ex. H.

http://a836-acris.nyc.gov/Scripts/DocSearch.dll/ViewImage?Doc_ID=2011090100433002

Hines is getting ready to announce a new tower in Houston. I think the money is finally flowing. Could be a good omen for Tower Verre...

^^ I don't see how. Maybe the Houston Tower is fully funded. I'll wait, and see what Hinez say about this tower.

^^ I don't see how. Maybe the Houston Tower is fully funded. I'll wait, and see what Hinez say about this tower.

Credit markets are more liquid. That's good news in general.

Now this is a nyc proposal that I love!

Now this is a nyc proposal that I love!

It's a proposal everyone loves (and those who don't, have a serious porblem and shouldn't visit this site anymore :tongue:)!

incredible,... just beautiful

When will it start constructing?

What an amazing project!! This must be build! :cheers2:

When will it start constructing?

There's no date yet i believe. But i really hope they'll start the next two years :)

There's no date yet i believe. But i really hope they'll start the next two years :)

It will start before then. NY will have five 300m+ towers u/c:

One57;
432 Park;
Torre Verre;
225 W 57th; and
The hotel/residential at the HY.

Thereafter, a sixth: Girasole

How do you know this?

Among other things, I'm an attorney in NY and I practice in commercial real estate development.

^^ In other words, you have a lot of good sources. :)

It will start before then. NY will have five 300m+ towers u/c:

One57;
432 Park;
Torre Verre;
225 W 57th; and
The hotel/residential at the HY.

Thereafter, a sixth: Girasole

so maybe next year?

^^ In other words, you have a lot of good sources. :)

Yes.

that tower is amazing. However I doubt that the shape makes the building very convenient, you know? Personally, I still prefer the Eiffel Tower.

http://www.futura-sciences.com/uploads/RTEmagicC_eiffel_intro.jpg.jpg
it's hard to beat one of the world's greatest icons but nevertheless Tower Verre will be a great tower.

Among other things, I'm an attorney in NY and I practice in commercial real estate development.

I want your life.

Yes.
Robert.
i have 2 question the first is about 56 leonard, do you know wnen costruction start?
second is Extell 225 west 57 who is the architect?
best
Giorgio

^ This thread is about Tower Verre. Either ask in the respective threads or write a PM, thank you.

An excellent proposal. Easily beats new 1WTC.

err....:ohno:

It's like the 21st century John Hancock center!

err....:ohno:

It is A LOT better than 1wtc. Buildings like this and beekman are in different league than 1wtc.

It is A LOT better than 1wtc. Buildings like this and beekman are in different league than 1wtc.

Absolutely love Tower Verre. 1 WTC is great, but architecturally it doesn't stand up to this building.

Absolutely love Tower Verre. 1 WTC is great, but architecturally it doesn't stand up to this building.

^^ +1
WTC is slick and simple while this is more raw and in someway more... Evil looking?
Also 1WTC has had way to many changes through the constrcution period! while Tower verre was, as far as I know, hasn't been changed yet :)
Tower verre will also make a huge impact on the skyline while completed. And even though WTC already makes that impact, I think Verres could be even more dominating!

^^ Its design is incredible but it lacks height. At the end I think it will be overshadowed by 1WTC because of that.

People nowadays really lost the sense for height. 320m is still VERY TALL, and some in this forum complain about lack of height, even though they never stood next to a simmilar tall building.

When i stood next to the ESB for the first time, i was in awe. And this one, will be as tall as ESBs 84th OB Deck height, which is amazingly tall. Plus, itll be on a midblock location, which will make it even more imposing.

Furthermore, the 380m version was too tall, and i thank Amanda Burden for shortening it. Look at sbarns render of the CP skylines future. Tower Verre seems very imposing with its current height, not to mention with an additional 60m.

I am very fine with this tower and cant wait to see it materialized soon.

i totally agree :)

+1 Great post :)

Yes Germantower that is true this building is actually really tall as tall as the Chrysler building to be exact :)

^^ +1
WTC is slick and simple while this is more raw and in someway more... Evil looking?
Also 1WTC has had way to many changes through the constrcution period! while Tower verre was, as far as I know, hasn't been changed yet :)
Tower verre will also make a huge impact on the skyline while completed. And even though WTC already makes that impact, I think Verres could be even more dominating!

It was significantly shortened in height.

err....:ohno:

Um, Tower Verre is meant to be a tower of beauty. Unlike the dumpy WTC with its junkyard barbwire antenna on the roof. The developers of Tower Verre would never ruin this building with nasty cheap elements.

^^ What's with all that hatred? :ohno: I personaly like 1WTC more than Tower Verre, although both are masterpieces :cheers:

^^ Its design is incredible but it lacks height. At the end I think it will be overshadowed by 1WTC because of that.

It lacks height?

320 meters is a very, very tall building, by anyone's standards, just because a select few go 4-500 meters and above doesn't make a 300 meter building remotely small.

I feel like this building could end up taller anyway (maybe back to 380 meters), now that taller developments are surrounding it.

I feel like this building could end up taller anyway (maybe back to 380 meters), now that taller developments are surrounding it.

Yeah, what's Burden's argument now? Practically, the ESB will be surrounded by huge towers in the 400m range. Nouvel should sue that b*tch for making such a horrible decision.

Might sound like a stupid suggestion but why not in the not to distant future if there is enough MONEY rebuild the ESB at a taller height say 450-500m. I do truly admire an love the ESB and think it should be preserved but if we can upgrade it. It can become an even bigger icon.

Yeah, what's Burden's argument now? Practically, the ESB will be surrounded by huge towers in the 400m range. Nouvel should sue that b*tch for making such a horrible decision.

I think they've had enough headaches by now. It's time to just get it built.

Might sound like a stupid suggestion but why not in the not to distant future if there is enough MONEY rebuild the ESB at a taller height say 450-500m. I do truly admire an love the ESB and think it should be preserved but if we can upgrade it. It can become an even bigger icon.

A building can't be upgraded like that. They could only raze it and then build a new taller one, which is a horrible idea. It is the greatest art deco achievement of all times and razing it would be an unforgivable crime :ohno:

^ Agreed (except that Chrysler Building is architectonically more sophisticated and a pure Art Deco dream).


Anyway, the shorter 320m design suits the Tower Verre way better than the initial 380m one.
So I say keep it. Keep it! Ja.

I agree Chrysler building a better form of Art Deco than ESB. Do I think Chrysler better building than ESB, no.

http://archpaper.com/news/articles.asp?id=6049

MoMA, Develop Don't Destroy

5/15/2012
Julie V. Iovine

MoMA has long since proved its might in terms of establishing an agenda for art, and particularly architecture stretching from Philip Johnson’s groundbreaking International Style show of 1938 to Barry Bergdoll’s Rising Currents exhibition last year. And so it is paramount that MoMA use its considerable clout and weigh in decisively on the fate of the American Folk Art Museum (AFAM), now standing empty and engulfed on three sides by MoMA, the building itself to the east and property it owns and plans to develop with Gerald Hines on the west and north. MoMA, in fact, owns the AFAM building having bailed out the struggling institution last summer when it was forced to give up its flagship due to fiscal mismanagement and retreat to a second-floor gallery near Lincoln Center. It’s hard not to hear the licking of chops: Jean Nouvel’s supertall for the site currently works its way around and behind AFAM but it would surely make real estate sense to simply gulp it up.

Something has to be done to prevent the cannibalism of a small icon by an as yet to be built icon, if only to prove that contemporary architecture is not instantly disposable. In an impromptu conversation with a Hines vice president, I was told that the developer would as soon see the building erased from the site, but that Hines was waiting to hear from MoMA, noticeably silent on the subject. Tod Williams and Billie Tsien are also hanging fire. At a press conference for the new Barnes Foundation in Philadelphia, Williams spoke with anguish and concern about the fate of AFAM. He knows that New York real estate is a take-no-prisoners game, but he is still hopeful, noting that one of the museum’s floors aligns perfectly with one of MoMA’s. Williams said he, too, has heard from no one at MoMA.

There are compelling reasons for MoMA to come up with a solution and a way to incorporate at least the AFAM façade into the new tower that will be conjoined to the museum only at a few interior levels. Several expansions of the museum have all included the original 1939 Goodwin and Stone facade. Paul Goldberger has suggested online that MoMA turn AFAM into a home for its director, something like Saarinen’s house for the director of Cranbrook. Surely MoMA can do better (Besides, Glen Lowry is already comfortably ensconced in the Museum Tower). At a time when MoMA is talking the talk of responsible treatment of quality resources and of architecture’s ability to solve complex problems, it should act accordingly and find a way to incorporate not destroy AFAM.

There is massive demand for this tower.

http://www.nytimes.com/2012/05/18/realestate/midtown-penthouse-at-one57-sells-for-new-york-record.html?_r=1&hp

Midtown Penthouse Is Sold for Most Ever in New York

By ALEXEI BARRIONUEVO

Published: May 17, 2012

http://graphics8.nytimes.com/images/2012/05/18/nyregion/yREAL/yREAL-popup.jpg

A mystery buyer has agreed to pay a record price in New York of more than $90 million for the duplex penthouse at a Midtown tower, the building’s developer said Thursday.

Gary Barnett, president of Extell Development Company, said the buyer, who declined to be named or to disclose his country of origin, bought the 10,923-square-foot penthouse on the 89th and 90th floors of One57, the building currently under construction at 157 West 57th Street.

The building, which features a Park Hyatt below the condominium units, will offer striking views of the southern end of Central Park and will be among New York’s tallest residential structures when it is completed next year. Since One57 opened for sales in December, about half of its 92 apartments have been sold, Mr. Barnett said.
While Mr. Barnett would not reveal the exact amount the buyer agreed to pay for the penthouse, citing a confidentiality agreement, he said it was less than $100 million. The price nevertheless tops the $88 million that a trust benefiting the daughter of a Russian billionaire, Dmitry Rybolovlev, paid this year for a penthouse at 15 Central Park West owned by the former Citigroup chairman Sanford I. Weill. Besides being a record sale for an apartment in Manhattan, that purchase also drew gasps for the record price paid per square foot: more than $13,000.

The One57 penthouse, which features 23-foot ceilings in a grand salon, traded for about $8,000 per square foot, Mr. Barnett said. He called the purchase by the Rybolovlevs, agreed to late last year, “not a good deal,” saying the market for superluxury properties in New York should be closer to $10,000 per square foot.

Foreign buyers, including Brazilians, Chinese and Russians, have been on a buying spree in New York and Miami in recent months, developers and brokers say. Russian and Ukrainian buyers have shown a particular willingness to pay top dollar for so-called trophy properties.

Mr. Barnett was quick to dispel any notion that the One57 penthouse was sold to a Russian, saying the buyer was not Russian, Ukrainian or from “any other part of the former Soviet Union.”

He described the buyer as a “very nice family” who plans to use the penthouse as a residence, and as “someone that people would recognize.” The sale had been a well-kept secret; the buyer agreed to buy the penthouse more than three months ago, he said, when the apartment was listed at $98.5 million — before Extell raised the asking price to $115 million to adjust for the market tumult caused by the 15 Central Park West sale.

Despite setting a record, the One57 penthouse did not crack the elusive $100 million barrier for a residence, which has not been broken either in New York or in Los Angeles. Mr. Barnett said he nearly broke it with a different apartment at One57.

Earlier this year, he said, a foreign buyer was “very, very seriously looking” at the “Winter Garden” unit, a duplex with a separate solarium totaling 13,500 square feet. The buyer was negotiating to buy that apartment and another full floor — a combination of floors 75 to 77 that would have been 20,000 square feet. The price would have been between $100 and $150 million, Mr. Barnett said.

He would not say why the deal fell through.

“I am hopeful we will break it one day,” he said of the $100 million barrier, “in this building or another one.”

I seriously cant wait for this one to start... amazing design and it will compliment one57 beautifully!

Hines just started a 45 story office tower in Chicago without a tennant!

They mean business. This sucker could get going at any time!

My outrage over this vs. 432 Park. ULURP explanation for all of you as well--it isn't that complicated, it's merely unfair. :(

http://newyorkyimby.blogspot.com/2012/05/two-towers-one-zoning-code-major.html

Structures built as-of-right, like 432 Park Avenue, require no approvals because they stick to the zoning code in the neighborhood where they are being built. No land-use review is necessary, as long as structures conform to the code and the amount of space they are allowed to contain. Thus, 432 Park will be rising to approximately 1,400 feet with no public input.

If modifications to the zoning code are necessary--as in the case of Torre Verre--proposals must go through ULURP, the city's long, arduous, and convoluted process for approving exceptions to the zoning code. While NIMBYs have no say regarding structures built as-of-right, those that go through ULURP are beholdent to neighborhood criticism and, ultimately, the whims of the City Planning Commission. Thus, the Torre Verre had its height chopped; Amanda Burden found the design unsatisfactory, and decreed that the building did not deserve to rise as tall as the Empire State.

Even if they would be equally tall I would still like 432 Park more than Verre, though I agree that shortening Verre was a horrible thing to happen :ohno:

Even if they would be equally tall I would still like 432 Park more than Verre, though I agree that shortening Verre was a horrible thing to happen :ohno:

Why ? Verre is something of architectural beauty, 432 is something of mediocrity.

^^ hint, hint... it's a box :D

http://www.crainsnewyork.com/article/20120521/REAL_ESTATE/120529994



Stirrings of life on $126M site next to MoMA
Developer Hines taps Corcoran Sunshine to market and sell units in its long-stalled 1,050-foot tower next to the museum on West 53rd Street.

By Amanda Fung @amandafung
May 21, 2012


The developer of the planned Jean Nouvel-designed, residential spire next to The Museum of Modern Art in midtown has retained Corcoran Sunshine Marketing Group as its exclusive sales and marketing agent, a sign that the stalled project is again moving forward.

The tower, to rise at West 53rd Street between Fifth and Sixth avenues, was first announced in 2007 but was put on hold like other major new projects across the city due to the recession. Last year, however, the project's developer Hines filed updated plans for the 1,050-foot tower and those plans were approved by the City Planning Commission. Details of the plans could not be obtained immediately.

"Corcoran Sunshine has always had a great relationship with Hines, a longtime client of the firm, and for the past several years we've been working on the planning and design of this landmark property," said Kelly Kennedy Mack, president of Corcoran Sunshine, in a statement, declining to elaborate on the project. "It will be the ultimate destination for the world's most elite buyers."

Hines declined to comment.

Originally the developer wanted to build a 1,250-foot tower but that plan was rejected by the City Planning Commission. The revised plan did not need to go through the public city review process again because it fell within the building guidelines that were established and approved in 2009.

It is unclear what Hines' current plans for the tower are and what the building will look like. According to published reports, the updated plans for the tower call for a 78-story building with 480,000 square feet of apartments atop a 92,000-square-foot hotel. It will also include space for MoMa as well as a restaurant space. Hines closed on the purchase of the 53 W. 53rd St. site from MoMa for roughly $125.5 million five years ago, according to public records.

Separately, in another coup for Corcoran Sunshine, it was announced Monday that the firm will work on a new major condo development out in the Hamptons. Cape Advisors Inc. the developer behind the residential conversion project of the historic Bulova Watchcase Factory in Sag Harbor tapped Corcoran Sunshine as the project's exclusive sales and marketing agent. The former factory, built in 1881, has been vacant since 1979 and Cape Advisors has been restoring the building into a 64-unit condo building with studios to four bedrooms, penthouses and townhouses. Sales will start early next year.



Read more: http://www.crainsnewyork.com/article/20120521/REAL_ESTATE/120529994#ixzz1vXOhhhg3

http://i.imgur.com/aumCO.gif

Fantastic news! This is by far the best skyscraper in the works in NYC.

It is unclear what Hines' current plans for the tower are and what the building will look like.


It is all great of course, but this bit bothers me. Wasn't the design final (regardless of it's height)? Does it mean it may still have completely different one?

78 stories?? So there is a chance of an increasing in its height? I hope so!

It is all great of course, but this bit bothers me. Wasn't the design final (regardless of it's height)? Does it mean it may still have completely different one?

Hines was required to maintain the same essential design. Its revised plan, which was approved, keeps the same basic design.

Fantastic news! This is by far the best skyscraper in the works in NYC.

It's an amazing project, and that's saying a lot in light of KPF's supertalls scissor towers, One57, 2WTC, Girasole, 56 Leonard, etc. -- not to mention a supertall by HdeM at 225 W57th!

78 stories?? So there is a chance of an increasing in its height? I hope so!

nah, it'll stay 1050 feet, the media often gets figures wrong, or maybe the 72 floor figure was the wrong one, who knows?

I cant wait for this baby to start :)

Not much new here but it does indeed look like a 78 story job.

Curbed (http://ny.curbed.com/archives/2012/05/21/nouvel_rejoins_starchitect_showdown_at_moma_canyon.php)


Nouvel Rejoins Starchitect Showdown at MoMA Canyon

http://ny.curbed.com/uploads/untitled-2056-Edit.jpg

Things appear to be getting crowded on West 53rd Street around MoMA; maybe too crowded. Developer Hines is resurrecting its plans for a Jean Nouvel-designed residential spire next to the museum on 53rd Street between Fifth and Sixth Avenues, according to Crain's. The original plans for a 1,250 feet tower was rejected by the City Planning Commission and then the economy cooled by the time a smaller plan was approved. The latest scoop on the plans for a MoMA neighbor describe a 78-story building with 480,000 square feet of apartments above a 92,000-square-foot hotel. It will also include space for MoMa as well as a restaurant space.

Directly across from MoMA, at 20 West 53rd Street, Starwood Capital is forging ahead with its plans to build a 45-story tower that will house a Baccarat-branded hotel and luxury residences. Enrique Norten and SOM have both been linked to the Baccarat project. Will two towers going up across the street from each other fuel a starchitect showdown on West 53rd?

[...]

Showdown? Nouvel wins with hands down.

Showdown? Nouvel wins with hands down.

+1

Enrique Norton is usually very good but his Baccarat Tower proposal is just some kind of weird Seagram Building mimicry. Really disappointing.

Lowering the height by 200 feet was a foolish mistake by the NYC Planning Commission.

We need taller buildings to rise above the trees when viewed from Central Park! http://i6.photobucket.com/albums/y217/mr-fish/Miscellaneous/BigSmile.gif

Wow, just another black box for NY. Are they trying to make the building invisible?

Wow, just another black box for NY. Are they trying to make the building invisible?

Naah, they just want it to blend in.

Lowering the height by 200 feet was a foolish mistake by the NYC Planning Commission.

We need taller buildings to rise above the trees when viewed from Central Park! http://i6.photobucket.com/albums/y217/mr-fish/Miscellaneous/BigSmile.gif

agree, 380m would be better for this one.

you probably won't see much from it in the skyline at 320m ( like chrysler building )