NEW YORK | 56 Leonard Street | 250m | 821ft | 57 fl | U/C

[germantower]

WAIT, does this mean, there is the possibility of a redesign?

[Jay]

like I said it could mean top floor

DOB often measures it that way.

Can't be certain though.

[RobertWalpole]

Originally Posted by germantower

WAIT, does this mean, there is the possibility of a redesign?

No. When Hines took over the project, it expressly stated that it was retaining the design. The original DOB permits were for a tower of approximately 790 feet, then the permits for the very same design were augmented to 820. The design has not changed.

[comet the cat]

Originally Posted by RobertWalpole

No. When Hines took over the project, it expressly stated that it was retaining the design. The original DOB permits were for a tower of approximately 790 feet, then the permits for the very same design were augmented to 820. The design has not changed.

So it should look taller than the proposal on the first page then? If so, awesome!

[RobertWalpole]

http://www.nytimes.com/2012/06/10/re...ref=realestate

Big Deal

Trophy Hunting


Marilynn K. Yee/The New York Times

The penthouse at 145 Hudson Street set a downtown price record when it sold in 2009.

ALEXEI BARRIONUEVO

Published: June 7, 2012

HERE’S another reason F. Scott Fitzgerald was right when he wrote about the rich being different from you and me.

For most people, real estate deals are made under pressure — you have to sell fast because you’ve made an offer on another place, or you’re moving to a new city and you don’t have time to really indulge your perfectionist streak.

Not so for the superrich. At the highest end of the global residential real estate market, trophy properties, like expensive art, are rarely bought under duress.

Billionaires from all over the world can afford not only the price of Manhattan’s top penthouses and full-floor residences, but also to wait, since they are never scrambling for a place to call home.

“These billionaire buyers are really united by one characteristic: their choice of residence is completely discretionary,” said Kelly Mack, the president of the Corcoran Sunshine Marketing Group. “More often than not these buyers are willing to sit on the sidelines, often for years, to wait for that stratospheric trophy property that is truly unique and stands perfect in every way.”

Not that there’s a lot to choose from now, anyway. The inventory of apartments that might be of interest to the world’s wealthiest people has been thin of late, with demand from a growing pool of foreign billionaires eager to park their money in Manhattan outpacing new developments, especially downtown.

As of Tuesday, according to the appraisal firm Miller Samuel, 28 condos and 5 co-ops were listed for $30 million or more in Manhattan. Fifteen of the condos were in one building: One57, the tower under development at 157 West 57th Street, Miller Samuel said....
The following list is a snapshot from the last week or so. Several brokers said they were waiting for new downtown developments that will provide fresh trophy penthouses to challenge uptown’s dominance. Projects like Walker Tower in Chelsea (at 212 West 18th Street), where a two-floor, 12,470-square-foot penthouse is expected to list for $94 million later this summer; and 56 Leonard (due, finally, to start selling later this year, Ms. Mack said), in particular a full-floor penthouse, may shake up the status quo, and are likely to draw at least some patient billionaires off the sidelines

[RobertWalpole]

Originally Posted by giorgio righi riva

.
Robert. are you sure that Contracts have been awarded, and construction starts this year?? are your informations official? or only rumors ? and people that give you info is serious?
do you know that 6 april they deleted an important info. on official lower manhattan develpments web site?they deleted the previous info that the resume of costruction was expected in 2012 early.
helppp!:ohno

It will be starting construction over the next couple of months.

[Сталин]

It looks good, futuristic a bit too.

I'd buy it, rent it out and live in London, travel to Paris, Italy and Australia. The superrich - got to love them. Regardless it is beautiful and I would buy it, just don't want to live in New York (the Green Card of course being a major issue but prefer England and Australia anyway don't want to live forever in the US) but what a pad to have on visits.

[ZZ-II]

Originally Posted by RobertWalpole

It will be starting construction over the next couple of months.

didn't they complete the foundations already?

[RobertWalpole]

Originally Posted by ZZ-II

didn't they complete the foundations already?

Yes. Therefore, this tower should shoot rapidly 245m into the sky.

[ZZ-II]

Originally Posted by RobertWalpole

Yes. Therefore, this tower should shoot rapidly 245m into the sky.

Fantastic , can't wait to see the finished tower in the skyline. It'll look great!

[Eric Offereins]

I love this design. Good te read that they'll (re)start construction soon.

[RobertWalpole]

Originally Posted by ZZ-II

Fantastic , can't wait to see the finished tower in the skyline. It'll look great!

This project, together with 400 PAS and the BIG Pyramid, will be nice additions to the skyline and will stand out in their respective areas.

[desertpunk]

Originally Posted by RobertWalpole

This project, together with 400 PAS and the BIG Pyramid, will be nice additions to the skyline and will stand out in their respective areas.

Although 56 Leonard can't quite undo the grease stain that is Trump Soho...

[RobertWalpole]

http://www.nytimes.com/2012/06/13/re...ref=realestate

The 30-Minute Interview
Kelly Kennedy MackBy VIVIAN MARINO
Published: June 12, 2012
Reprints


Ms. Mack, 38, is the president of the Corcoran Sunshine Marketing Group, which specializes in the marketing, sales and planning of luxury residential developments....

VIVIAN MARINO

Q. How is business?

A. Business is great. The market is very, very strong. In the overall market in the new-development sector, the average price per square foot is $1,400, which is consistent with pricing in 2007. It’s up about 5 percent year over year. But there are certain submarkets in the city trading at or above the peak, like the prime Midtown sector, which, on average, is trading at close to $5,000 a square foot. The downtown luxury market is trading at around $2,100 a square foot, which is really consistent for what it was at the peak.

The biggest issue today. which is actually keeping prices from growing even more, is the lack of inventory....


Q. Let’s talk about some of the coming developments.

A. We have $7.5 billion of new development coming to market between the fall and the next three to four years that Corcoran Sunshine is representing. It’s everything from large-scale projects like the St. Vincent site with the Rudins; 30 Park Place, which is the Four Seasons residential project downtown by Larry Silverstein that Robert A. M. Stern is designing; to smaller-scale projects like the Baccarat Hotel and Residences that Starwood Capital and Tribeca Associates is doing across from the MoMA, which will launch in the first quarter of next year.

Another exciting thing to watch is the relaunch of 56 Leonard in TriBeCa. It opened for sales at the end of 2008, then the market turned. The developers made a decision to wait until the market returned; we’re hoping to get that open as soon as possible.

Q. What’s the status of 30 Park Place?

A. Right now they’re actively working on securing their financing. My best guess is that it will probably come to market in about 18 months — within two years....

[yankeesfan1000]

56 Leonard should be right around the corner.

New residential projects in Tribeca see strong sales
June 15, 2012 11:00AM



"A number of new loft and warehouse residences have opened in Tribeca recently, despite the area’s designation as a historic district, which can limit new development, the Wall Street Journal reported. In fact, the historic designation may be helping attract buyers to the neighborhood, as the limited inventory has driven interest, brokers told the Journal.

Reade57, a luxury condominium with 84 one-, two- and three-bedroom apartments priced between $973,000 and about $3 million opened in November 2011 and is already half sold. And 250 West Street, a warehouse conversion with 106 units, has sold 75 percent of those since sales began late last year...[WSJ]

[comet the cat]

What's this big pyramid everyone keeps talking about? Has the design been changed?

[Henkka]

Originally Posted by comet the cat

What's this big pyramid everyone keeps talking about? Has the design been changed?

Not a big pyramid, the BIG (Bjarke Ingels Group) pyramid on West 57th Street. http://www.skyscrapercity.com/showthread.php?t=1318319

[yankeesfan1000]

Thanks to NYGuy for initially posting this on SSP. Again, all credits to NYGuy, and the NYTimes I guess.

With Hines heading this, Dune, Alexco and Goldman apparently behind this contributing capital, an official relaunch can not be far off. This will easily one of the best towers in New York. Stunning.


Back in Business


From left, renderings of Baccarat Hotel and Residences in Manhattan, 388 Bridge Street in Brooklyn and 56 Leonard in Manhattan.

"56 LEONARD STREET


At the tail end of the boom, a 57-story tower from the Alexico Group was supposed to be built at this address, and developers got as far as the foundation. But the site, at Church Street in TriBeCa, has mostly been quiet since.

Behind the scenes, though, there’s been a big push to line up financing for this long-stalled project, which will open a sales office by the end of the year, said Ms. Mack, whose firm is handling the marketing.

To make this happen, the circle of partners has broadened to include Hines, the national developer, which joined Dune Capital Management, Goldman Sachs and Alexico, she said. Spreading the risk across a syndicate like this is becoming more common in the post-recession period, analysts say.

With 145 one- to five-bedrooms, the tower was designed by Herzog & de Meuron, which also created 40 Bond.

Boutique buildings used to dominate Lower Manhattan, Ms. Mack said, but with 56 Leonard, “we will soon see a new product type, on a grander scale, that will be very architecturally driven.”

[RobertWalpole]

Great news!