NEW YORK | 225 West 57th Street | 472m | 1550ft | 88 fl | Prep

[HK999]

225 West 57th Street - Extell - Hotel / Condo - by Costas Kondylis

Extell buys 57th Street air rights for tower

http://ny.curbed.com/tags/225-west-57th-street

Last week, in a rare instance of politics overtly meddling with historic preservation, the Landmarks Preservation Commission voted 6-3 to designate the former B.F. Goodrich building at 1780 Broadway a landmark, but not its sister building around the corner, 225 West 57th Street. The LPC backed down after Extell, the developer that wants to demolish the 57th Street building (it's already shrouded) and construct a 50-story mixed-use tower in its place, enlisted some members of the City Council to campaign on its behalf—the implication being that if the LPC landmarked the property and jeopardized the project, than a City Council veto would be in the cards. The Times's Robin Pogrebin follows up on all this madness, and surprise, some folks are unhappy with what went down!

NYC Department of Buildings
Work Permit Data
Premises: 217 WEST 57 STREET MANHATTAN Filed At: 217 WEST 57 STREET MANHATTAN
BIN: 1080870 Block: 1029 Lot: 19 Job Type: A3 - ALTERATION TYPE 3

View Permit History | Printable (PDF) version of this Permit
Job No: 110436644 Fee: STANDARD
Permit No: 110436644-01-EQ-SH Issued: 06/08/2010 Expires: 04/01/2011
Seq. No.: 02 Filing Date: 06/08/2010 RENEWAL Status: ISSUED
Work: Proposed Job Start: 01/21/2009 Work Approved: 01/20/2009
ALTERATION TYPE 3 - CONSTRUCTION EQUIPMENT - SIDEWALK-SHED
INSTALLATION OF 122 LINEAR FEET OF HEAVY DUTY SIDEWALK SHED FOR BUILDING
DEMOLITION, FILED SEPARATELY. LIVE LOAD 300 PSF. SIDEWALK SHED SHALL COMPLY WITH
CHAPTER #33 OF THE 2008 CODE. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS
APPLICATION.

Electrical Application Number for Shed Lighting: Z120397
Use: COM - COMMERCIAL BUILDINGS - OLD CODE Landmark: NO Stories: 12
Review is requested under Building Code: 2008

all pics from WNY:

[HK999]

this tower may very well be over 1000ft. extell has enough air rights to build an even taller tower than its carnegie 57.

according to NoyokA, WNY:

The site itself 225 west 57th street has 234,075 square feet.

[Ni3lS]

That would be awesome.

[Eric Offereins]

Indeed, but apparently there is nothing known about the design yet?

[DinoVabec]

Do we even know when this building supposed to be demolished to the ground?

[RobertWalpole]

All of the four buildings that occupy this site are empty, except for one which is empty except for a food market that occupies the ground floor. Demolition should start in 2011.

[eland]

I hope they don't demolish the beautifal building on the right in the first photo.

[RobertWalpole]

That building is landmarked and can't be demolished. However, the developer purchased all of its unused air rights.

[WrightTurn]

Yay! More historic buildings on 57th ground to powder for a huge glass prong!

Whoopie!

[RobertWalpole]

Quite likely, 225 W 57th is one of the "other projects" that Barnett is raising money for.

http://www.thenational.ae/apps/pbcs....708099960/1005


Another bite at Big Apple
Bradley Hope



Last Updated: August 09. 2010 6:10PM UAE / August 9. 2010 2:10PM GMT
The Carnegie 57 designed by Christian de Portzamparc when finished will dwarf Carnegie Hall. Francois Guillot / AFP
Since the fall of Lehman Brothers in September 2008, hundreds of ambitious property projects in New York City have either stalled or been abandoned.

But now, thanks to funding from Abu Dhabi’s Aabar Investments, one developer is returning to the high-risk game of building sky-rises in the Big Apple.

The 306-metre Carnegie 57, located at 157 West 57th St, will not only be the tallest residential tower in New York, with designs by the “starchitect” Christian de Portzamparc, but the site is one street back from Central Park.

Residents of the 136 premium flats on the top 52 floors will have views that stretch the length of the park. The lower part of the building will be a five-star Park Hyatt Hotel. The project’s total price tag: US$1.3 billion (Dh4.77bn).

Gary Barnett, the president of Extell Development, said the foundations had been poured and the main construction work was expected to start this week.

Mr Barnett predicted the tower, with a completion date of 2012 or 2013, would open just as the economy was starting to pick up. “If you can raise the money, now is the time to begin investing in New York,” he said. “There is a realisation from the Middle East that this is an opportune time to invest.”


Mr Barnett, who has held talks with major investors around the Gulf, said he was trying to raise more funds for future New York City projects from investors in Abu Dhabi, Dubai, Oman and Saudi Arabia.

Aabar, an Abu Dhabi investment company owned by the Government and public investors, has specialised in taking stakes in high-profile companies.

Last year it teamed with Mercedes-Benz to buy the winning Formula 1 team Brawn GP, now rebranded as Mercedes GP Petronas.


It also owns parts of the space tourism company Virgin Galactic and the luxury car maker Spyker.

As well, the company has signalled its interest in becoming a major property developer in Abu Dhabi, buying up Dh5bn of land and hiring a chief executive of property, Ibrahim Eskiocak.

This latest investment compares with Abu Dhabi Investment Council’s purchase of 75 per cent of the Chrysler building in New York in 2008.



Aabar paid for three quarters of the initial financing of Carnegie 57, giving it a “significant equity stake” in the project, said Mr Barnett, who is now beginning discussions with banks to obtain a construction loan to finance the rest of the building. “We expect financing to be available on a conservative basis,” he said.

Mr Barnett speaks of the new tower in superlatives: it is located on the “best site in New York”; it will have the “best apartments”; the hotel will be “amazing”.



“I think it’s going to be one of the best, if not the best, buildings in New York City,” he says.

One unrivalled feature will be the $50 million penthouse, whose owner will have the highest apartment in the city.

So-called “super-tall” buildings are typically not residential, but there is a growing trend toward having high-altitude apartments as construction technology allows developers to stop the top floors swaying in the wind.



The Burj Khalifa in Dubai, well over twice the size of Carnegie 57, is the most important example of a super-tall residential building.

Apartment prices will start at about $3m, with a sales push expected to start next spring.

“I think it caters to a tremendous mix,” Mr Barnett said. “From wealthy families to people who have done exceedingly well in business to retirees who want to live in a vibrant city. We expect buyers from China, India and the Middle East.

“It’s about people who want to own something in one of the two universal cities in the world.”
Mr Barnett’s optimism about the project comes as small signs of recovery begin to show in the New York property market. Several of the city’s established funds have acquired buildings in deals worth as much as $500m.

Noah Rosenblatt, an analyst at the property consultancy UrbanDigs, wrote in a blog post last week that he expected “upward pressure in quarterly reports into late 2010 or early 2011”.



Second-quarter prices stabilised,while transactions were up, according to the brokerage Prudential Douglas Elliman Real Estate.

The average price of an apartment in Manhattan was $1,432,712 – equal to prices at the end of 2007 but a drop of 21.5 per cent from the peak at the end of 2008.

“Since the beginning of the year, sales activity has been significantly higher compared to the early quarters of 2009, immediately following the Lehman Brothers bankruptcy – the credit crunch tipping point of September 15, 2008,” the brokerage said in its second-quarter report.



“High unemployment levels, ‘shadow inventory’ and tight credit are challenges that continue to face the market, but general market conditions are significantly improved over the same period a year ago.”



bhope@thenational.ae

[RobertWalpole]

One of the four buildings on the 58th Street side of this parcel was just razed.


RolanTTLB

[RobertWalpole]

Extell, the developers of this site and Carnegie 57, filed more demolition permits last week.

http://a810-bisweb.nyc.gov/bisweb/Wo...70&requestid=2

[RobertWalpole]

What's too crowded?

The photo posted above shows one of several parcels on the 58th Street side of this site. By NYC standards, this is actually a large site and is bigger than the site on which Extell is constructing the 300+m Carnegie 57 tower or on which Hines will build the 300+m Torre Verre.

[Eastern37]

YES

[Ni3lS]

Don't respond to the trolls people.

[RobertWalpole]

Extell recently filed these demolition permits:

http://a810-bisweb.nyc.gov/bisweb/Wo...70&requestid=2

[RobertWalpole]

More demo permits filed in March 2011.

http://a810-bisweb.nyc.gov/bisweb/Wo...70&requestid=2

[HK999]

*BUMP*

--- this thread should stay and the other one should be closed ---

Originally Posted by RobertWalpole

Extell, which is developing Carnegie 57, owns this even larger site and is poised to demolish the existing buildings for a tower that should easily exceed 300m.


http://cityroom.blogs.nytimes.com/20...hor-now-empty/

May 16, 2011, 2:39 pm Once a Bustling Automobile Row Anchor, Now Empty
By JAMES BARRON

Robert Caplin for The New York Times
1780 Broadway, the former B.F. Goodrich buildingIt was a dignified mainstay of Automobile Row, the line of glittery showrooms and automobile-related offices that stretched up Broadway from the West 50s to somewhere north of Columbus Circle. Its tire-company name lingered when new tenants moved in, among them a studio where stars like Duke Ellington made recordings.

Now the former B.F. Goodrich building at 1780 Broadway is empty.

The last retail tenant, a shoe store, closed last month. The other first-floor store, Columbus Circle Wines and Spirits, had moved a few blocks away, to 1802 Broadway, near Central Park South, when its lease expired at the end of 2007.

“We were one of the first to leave,” said Laurent Cherrier, a manager of the store. “I believe we were told it was going to be torn down and they were going to build condos, but it was more of a rumor than anything official.”
By 2009, when the city Landmarks Preservation Commission gave landmark status to 1780 Broadway, the Extell Development Corporation was said to be planning a 50-story hotel with apartments or offices for the adjacent site at 225 West 57th Street, the site of a building that was connected to 1780 Broadway.

The Municipal Art Society testified in favor of designating both buildings and said it was “particularly concerned about the fate of the 57th Street facade.” But Extell warned that a landmark designation on the 57th Street building would endanger the project, and the landmarks commission decided not to give the 57th Street building landmark status, only 1780 Broadway.

The commission voted after four City Council members indicated they might overturn a landmark designation on the 57th Street building, saying they did not want to jeopardize the planned hotel tower.

Extell, which is now building a $1.3 billion skyscraper a block away, on 57th Street opposite Carnegie Hall, says it expects to begin demolition of 225 West 57th Street in the next few weeks. As for what it plans to build on the site of No. 225, a spokesman said: “We are going over a gamut of possibilities including mixed use and residential. There is a wide range of possibilities.”
The buildings at 1780 Broadway at 225 West 57th Street opened to considerable fanfare in 1909. The trade publication The Automobile mentioned them in an article headlined “Handsome Additions to New York’s Automobile Row.” Goodrich bragged that “the ‘great white tread’ of the Goodrich tire is the big mileage tread of the ‘great white way’ and every other street and avenue in New York.”

Originally, Goodrich had a tire showroom on the first floor. On the 12th floor, where there is a balcony overlooking Broadway, were, as Goodrich put it, “the most complete automobile tire repair facilities in the United States.”

The two buildings were the work of Howard Van Doren Shaw, a prolific Chicago architect who had designed a house in Ohio for Goodrich’s president at the beginning of the 20th century. The landmarks commission noted that Shaw collaborated with the Manhattan firm of Waid & Willauer on the two Automobile Row buildings.

The Buildings Department said only that one permit had been issued for 1780 Broadway, back in 2007. It was for a “sidewalk shed,” the temporary structure necessary when exterior repairs are being done. The permit has been renewed until January of next year, a spokeswoman for the Buildings Department said.

Scalziand

[RobertWalpole]

Thanks, HK.

This tower should well exceed 300m!

[RobertWalpole]

Originally Posted by RobertWalpole

Thanks, HK.

This tower should well exceed 300m!

As predicted!!!