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Old August 1st, 2010, 01:10 PM   #1
HK999
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NEW YORK | Hyatt Times Square | 168m | 550ft | 53 fl | Com

http://www.emporis.com/application/?...ng=3&id=312254



the tower is already built to streetlevel. foundation / piling word is done.


currently on hold.

Height (architectural)
182.58 m
Floors (above ground)
55

Current status
under construction [foundation work]

Main usages
hotel
residential condominium

Extell plans 55-story hotel condo project on West 45th Street

Quote:
05-APR-07

The Extell Development Company is planning to erect a 55-story hotel and hotel/condo tower at 135 West 45th Street utilizing air rights transfers from three nearby legitimate theaters.

It presented its massing studies, prepared by H. Thomas O'Hara, to the zoning committee of Community Board 5 last night.

Paul D. Selver of the law firm of Kramer Levin Naftalis & Frankel LLP, which represents Extell, told the committee that the new mid-block building between the Avenue of the Americas and Seventh Avenue would contain 242 hotel rooms and 171 hotel condos. He said that the hotel would be operated by the Intercontinental.

Extell has acquired the air rights for an undisclosed amount and is seeking a certificate of appropriateness from the City Planning Commission. Under the terms of the certificate, the owners of the theaters agree to deed restrictions that limit their properties' use to legitimate theater, and agree to a maintenance program for their preservation and agree to contribute $14.91 per square foot of transferred air rights to the Special Theater Subdistrict Fund.

The committee voted 8 to 2 in favor of supporting the granting of the certificate, but several members expressed outrage that the city has not yet created the Theater Subdistrict Council, which would administer the fund.

On March 12, David Karnovsky, counsel of the Department of City Planning, wrote a letter to the chairman of Community Boards 4 and 5 in which he said that his office "is working to establish the TSC consistent with the requirements of the Zoning Resolution," adding that "While the formation of the TSC has proved to be more complex than originally anticipated, we anticipate being able to convene an organizational meeting in the early spring."

The planned tower would rise from a 9,500 square foot mid-block plot. The tower would receive 8,500 square feet of air rights from the Hirschfeld Theater, 9,500 from the St. James Theater and 54,820 square feet from the Broadhurst Theater.

The transfers would essentially reduce the available transferable air rights of the Hirschfeld and St. James theaters to nothing but the Broadhurst would still have about 31,000 square feet available, Mr. Selver said.

Joyce Matz, a member of the committee, opposed the granting of a certificate because she felt that the public benefit was insufficient especially since Mr. Selver said that all three theaters are in very good condition. The developer's contribution to the fund is estimated to be about $1.1 million.

Meile Rockefeller, co-chair of the committee said she was not happy with the fact that the planned building would be as tall as buildings on avenues even though it is a mid-block property.


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july 2008:

Derek2k3

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scumonkey

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Last edited by desertpunk; December 20th, 2013 at 03:55 PM.
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Old August 1st, 2010, 01:41 PM   #2
RobertWalpole
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According to a recent article in the NY TImes, NY's hotel market is picking up a lot of steam. Therefore, the demand exists for this hotel. Presumably, funding will be available in 2011.
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Old August 1st, 2010, 03:32 PM   #3
HK999
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Quote:
Originally Posted by RobertWalpole View Post
According to a recent article in the NY TImes, NY's hotel market is picking up a lot of steam. Therefore, the demand exists for this hotel. Presumably, funding will be available in 2011.
i see, well let's hope the best. the renders looks promising.
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Old August 12th, 2010, 04:55 PM   #4
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I also believe the funding will be there in the (hopefully) not too far off future. I really dig the design, though. Very sleek and slender.
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Old August 13th, 2010, 09:45 AM   #5
Guccisale
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newYork is so crowded,everywhere is building and construction!where is the blue sky!
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Old August 13th, 2010, 12:44 PM   #6
RobertWalpole
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Quote:
Originally Posted by VBurd2128 View Post
I also believe the funding will be there in the (hopefully) not too far off future. I really dig the design, though. Very sleek and slender.
I agree. There is a strong demand for hotels in NY at the moment.
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Old August 24th, 2010, 08:06 AM   #7
rencharles
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Rights of air? So this project can grow?
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Old October 7th, 2010, 03:24 AM   #8
RobertWalpole
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This is proceeding.

Sotawall just posted a new listing for it as "In Progress," and Extell filed new permits with the DOB last week on 21 Sept. 2010.

http://www.sotawall.com/portfolio/Un...135w45th-c3ec/

http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=04
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Old October 12th, 2010, 03:56 PM   #9
HK999
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thanks for the info, i'm surprised the tower is U/C again...
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Old July 30th, 2011, 06:57 AM   #10
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Revived!

TRD

Quote:
Extell's 45th Street hotel to get built despite sale of site: Barnett
July 29, 2011 06:45PM

By Katherine Clarke



Extell President Gary Barnett and a rendering of the hotel from 2007Extell Development's 50-story hotel project at 131-139 West 45th Street will go ahead despite the company having sold off 11 commercial property lots in Midtown for approximately $125.16 million, including the hotel site, Extell President Gary Barnett told The Real Deal.

According to documents filed with the city on Monday, the buyer in the bulk property sale, which includes lots on 45th and 46th streets, is HHC TS REIT LLC. Barnett confirmed that the properties had been sold, but said that the transaction was primarily a strategy to get an equity partner involved with the hotel project. He would not confirm the identity of the buyer.

The 50-story condominium and hotel project will proceed, he said. The building, between Sixth and Seventh avenues, is slated to have 242 hotel rooms and 171 hotel-condos, according to the original plans presented to a community board in 2007.

Extell bought up scads of Theater District transferable air rights -- 9,500 from the St. James Theater at 222 West 45th Street and 54,820 square feet from the Broadhurst Theater at 235 West 44th Street -- for the project in the mid-2000s. All told, the site can support a building of 270,000 square feet.
50 stories? Or 54-55 stories? This one may need some detective work...
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Old July 30th, 2011, 08:48 PM   #11
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ow,.. That Great I like this topic:d
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Old August 20th, 2011, 12:17 AM   #12
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any news?
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Old August 20th, 2011, 03:01 PM   #13
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Quote:
Originally Posted by primus20 View Post
any news?
On SSP StatenIslander237 said that there's a base of a crane on a site. So it looks like this may actually be proceeding.
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Old August 22nd, 2011, 01:41 AM   #14
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Took these pics earlier today:

Quote:
Originally Posted by econ_tim View Post
image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


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Old August 22nd, 2011, 05:21 AM   #15
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I hope it is built. It is a good building for this site, which in my opinion is small, and situated in a narrow street.

Just wish that its height is maintained at 183 meters.
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Old August 22nd, 2011, 04:34 PM   #16
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Nice I'll have it moved. Great update econ_tim!
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Old August 22nd, 2011, 09:28 PM   #17
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really u/c?
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Old August 22nd, 2011, 09:59 PM   #18
rencharles
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It is what it seems. Another building to the dense midtown.
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Old August 24th, 2011, 12:15 PM   #19
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Exactly
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Old August 30th, 2011, 04:52 PM   #20
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Extell builds another Midtown Hyatt hotel
By STEVE CUOZZO
Last Updated: 2:04 AM, August 30, 2011


"Another shining tower is on the way to its Broadway debut.

Ending years of speculation, Extell Development Co. has begun building a major new Midtown hotel that some had predicted might never rise.

The long-in-coming, 53-story project at 135 W. 45th St. will be the Hyatt Times Square, Extell President Gary Barnett said.

The midblock site between Sixth Avenue and Times Square had sat dormant after Extell assembled the land and air rights and poured a foundation. But the arrival of a tower crane this month clearly indicated things were looking up.
“We’re moving forward rapidly,” Barnett told us.

Contrary to previous reports of a condo-hotel, the project will be all hotel, with a high-end ground-floor restaurant, a luxury spa and a rooftop bar.
Barnett estimated the construction cost as above $300 million. He declined to identify a partner Extell recently took on when it “sold” a group of Midtown sites, including the one for the Hyatt.

By forging savvy alliances, Extell has become the city’s most prolific developer at a time when many others continue to seek equity partners or await anchor tenants. Barnett’s firm is also building the Park Hyatt on West 57th Street and the International Gem Tower on West 47th.

Things bogged down at several other sites, however, and the future of 135 W. 45th St. remained unclear -- especially after the note recently went on the market.

Since then, however, Extell essentially bought back its own debt, sources said. According to public records, the company last month “sold” the site, among others, to an entity called HHC TS.

Barnett wouldn’t comment on the project’s ownership structure except to say, “We’re very well capitalized.”

He said the hotel will enjoy a privileged site “near Times Square, but on the East Side of it,” unlike others along Eighth Avenue and farther west."
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