New York City Development News

[HK999]

i think i need to update my NY construction projects list... i'll do it soon.

EDIT: last update was november 4th...

[cream1]

finally some old 19th century buildings will be replaced by new ones

[Simfan34]

Originally Posted by ChitownCity

I'm not liking that pyramid project. and damn LIC going crazy...

You're just jealous...

[desertpunk]

Curbed

First Atlantic Yards Apartment Building Breaking Ground This Year?
Wednesday, February 9, 2011, by Joey Arak

The Real Deal has a great roundup of all the tidbits of news from yesterday's Brooklyn Real Estate Roundtable, an always-sunny confab of developers and others with a stake in the borough's bricks and mortar. The headline is the update from a Forest City Ratner exec on the progress at Atlantic Yards, where the first apartment building (of the 16 that are still somehow planned) is expected to break ground this year. TRD writes:

"The first residential building on the site will be a 50-30-20 project, she said, meaning 20 percent of the apartments will be reserved for low-income tenants, 30 percent for middle-income tenants and the rest for market-rate renters. She said Forest City Ratner hopes to begin construction this year."

The arena is going to have a big year, too:

In the meantime, the 18,000-seat Barclays arena is now under construction, and the curtain wall is scheduled for installation this summer, she said. There are already over 200 events planned for the stadium, she said, including the Ringling Bros. and Barnum & Bailey Circus and at least two tennis events.
We still haven't seen a post-Gehry design for any Atlantic Yards residential buildings, and last we heard, an architecture dream team was being assembled for the project. So instead of a glimpse at Brooklyn's exciting future, please enjoy a photo of an ecstatic Bruce Ratner.

[desertpunk]

Curbed

Hunters Point South Phase I Unveiled: Stores! School! Starchitects!
Wednesday, February 9, 2011, by Joey Arak

image hosted on flickr

image hosted on flickr

image hosted on flickr

image hosted on flickr

Curbed [Renderings by SHoP Architects.]

Earlier this week we mentioned that the Long Island City waterfront will have 2,100 new apartments by 2013. Make that 3,000 by 2014. Phase I of Hunters Point South, Mayor Bloomberg's dream of turning the barren southern tip of the neighborhood's waterfront (once earmarked for an Olympic village) into a middle-class oasis with 5,000 apartments, a school, a gorgeous park and more, is officially a go. Today Bloomberg and other officials formally unveiled the largest new affordable housing complex to be built in New York City since the 1970s, and after a heated competition, the residential portion of the project's first phase, which includes 900 apartments in two buildings, has been awarded to a development team consisting of the Related Companies, Phipps Houses and Monadnock Construction. And the reveals just keep on coming!

The designers, the timeline, the income requirements!

The luxury towers that have sprouted on the LIC waterfront in the past decade have taken some knocks for being bland, but some big guns have been recruited for Hunters Point South: our arena-designing increasingly famous pals at SHoP, and the spaceship-piloting Ismael Leyva Architects. The first phase will also include parking, retail (20,000 square feet), five acres of that snazzy waterfront park and that extra-funky 1,100-seat intermediate and high school. This will allegedly all be finished by 2014, with infrastructure work beginning next month (gotta have those roads and sewers!), park construction beginning this summer, and the buildings going up in 2012.

So who gets to live here? Well, even though the initial RFP called for 60% of the rental apartments to go to middle-income families, that figure has been raised. Here's the breakdown via the press release (download the document right here):

"The permanently affordable units – at least 75 percent or a minimum of 685 of the total 908 phase one units – will be targeted to families with household incomes ranging from $32,000 to $130,000 per year for a family of four; 20 percent of the units will be available to families earning between 40 percent and 80 percent of Area Median Income (AMI), 20 percent to families earning up to 130 percent AMI, and 35 percent to families earning up to 165 percent AMI."

For those already packing their kids' bags, the first phase of Hunters Point South is the 800,000-square-foot chunk of land bounded by 50th Avenue to the north, 2nd Street to the east, Borden Avenue to the south and Center Boulevard to the west. Drop by and take a look! And also sneak a peek at the gallery above for a few glimpses at how Phase I (rooftop sundecks, anyone?) is expected to turn out.

[desertpunk]

V33 in Tribeca Shows its skin:

image hosted on flickr


image hosted on flickr


image hosted on flickr


Curbed

[ChitownCity]

Originally Posted by Simfan34

You're just jealous...

nope not in the slightest bit. I guess I'm a little conservative when it comes to new york's development (i.e. street walls)... hey put it out in westchester then I'll be all for it , but midtown????

[Simfan34]

Originally Posted by desertpunk

V33 in Tribeca Shows its skin:
Curbed

Meh. Looks like modernism and brutalism merged, not nice.

Originally Posted by desertpunk

LIC: Curbed

Awesome, looks wonderful! Architects don't use glossy orange enough.

[desertpunk]

Originally Posted by Simfan34

Meh. Looks like modernism and brutalism merged, not nice.
Awesome, looks wonderful! Architects don't use glossy orange enough.

The William Beaver House sets the gold standard on garish colored panels!

image hosted on flickr

[germantower]

Can't they just raze this POS!!!!???

[desertpunk]

Originally Posted by germantower

Can't they just raze this POS!!!!???

Nah, but someday I hope they replace those stupid panels with something classier...

[desertpunk]

Crain's

February 10, 2011 1:34 PM
Owner aims to lease 3.5M SF at Hudson Yards

The Related Cos.' Chief Executive Stephen Ross says he expects to lease about a quarter of the 12 million-square-foot Hudson Yards development by the end of the year.


By Jeremy Smerd

Stephen Ross is bullish on New York real estate, particularly his own.

The chief executive of The Related Cos. said Wednesday night that he expects to lease 3.5 million square feet of commercial office space by the end of the year at his 26-acre Hudson Yards development on the West Side of Manhattan.

Speaking at a real estate forum at Columbia University, Mr. Ross said Related is actively negotiating with several large corporations that he hopes will become anchor tenants at the site. He declined to name the companies and their industries.

"I'm very encouraged by the interest we're getting," Mr. Ross said.

The 12 million-square-foot, $15 billion project could take 15 years to finish. And Mr. Ross—a part owner of the Miami Dolphins—said no deals have yet been signed.

He joked that his predictions could go the way of his Super Bowl forecast from months ago. "I'm the guy who picked Miami to win the Super Bowl," he said. But he added that with the area's aging building stock, companies are eager to move into gleaming office towers in a waterfront area that will have easy access to the extended No. 7 train at the site's West 33rd Street border.

"I'm very optimistic," Mr. Ross said. "It's a bright sign for the future."

The first building is not expected to open until 2015, at the earliest.

Deputy Mayor for Economic Development Robert Steel, who also spoke at the forum, said Hudson Yards development would be the "last frontier" of class A office space in Manhattan after the redevelopment of lower Manhattan. Mr. Steel said the development, which he noted would provide up to four times the amount of office space as Rockefeller Center, represented a major achievement for the Bloomberg administration, which had championed the redevelopment of the state-owned property since the mayor's first term.

"This will be a legacy project that puts things into place for our administration," Mr. Steel said.

Luxury accessories company Coach is among the companies that have been reported to be interested in moving to Hudson Yards

[desertpunk]

CurbedNY

Hudson Square Transformation Includes New SHoP-Designed Tower
Friday, February 11, 2011, by Joey Arak


[Rendering by SHoP Architects.]

Like God creating the world in seven days, the historic Trinity Church wants to create a residential neighborhood in...ten years. OK, so maybe Trinity doesn't work as quickly as the man upstairs, but the church's powerful real estate arm is set to pull off a major transformation of Hudson Square—again. Trinity owns much of the land in the former West Soho "Printing District," and helped turn the area into a hotbed of media professionals when manufacturing went bye-bye. Trinity worked its tush off branding the neighborhood as Hudson Square, and helped spearhead many of the recent Big Achievements. Now the Lord's real estate empire is unveiling its next move: The residential rezoning of Hudson Square. We've been waiting for the details, and here they are.

Trinity execs gave The Villager an early peek at the plan before it goes through the public-review ringer. Up to 3,500 new apartments are expected to be added to the neighborhood over the next decade. There are a few legal residential buildings already in the area, but most of the zoning is for manufacturing uses, which leaves landlords little choice of what to do with their formerly industrial sites other than tossing up a new hotel, which has been happening a bunch.

The centerpiece of Trinity's plan is a 429-foot-tall residential tower at Canal Street and Sixth Avenue with a 420-seat, K-to-5 public school in its base (Trinity would build out the school's shell and gift it rent-free to the Department of Education). That's the tease seen above. Yep, this tower—which we're guessing is for Trinity's big lot at 417-423 Canal Street—is the third gigantic piece of news coming out of the headquarters of Manhattan's SHoP Architects this week, following Hunters Point South and Atlantic Yards B2. Trinity would also build a public park on part of the property at Duarte Square.

Trinity also has a whole bunch of ideas on height limits and other restrictions (no nightclubs or big-box stores), which The Villager goes into great detail on. Basically nobody wants another Trump Soho (which is 490' tall), or the end of commercial tenancy. Under the plan, existing buildings of more than 50,000 square feet cannot be residentially converted. If demolished, the new building that goes up would have to have an equal amount of square-footage dedicated to commercial space as the previous one.

When all is said and done, Trinity hopes to boost Hudson Square's residential occupancy from 4% to 25%, turning it into a 24-hour neighborhood along the way. Can they pull off this miracle? Well, they certainly have faith!

[Simfan34]

Originally Posted by desertpunk

The William Beaver House sets the gold standard on garish colored panels!

image hosted on flickr

I, for one, really like this building.

[SO143]

It looks like a student hostel in London

[desertpunk]

Originally Posted by Simfan34

I, for one, really like this building.

I really like the building itself but just think how cool those panels would be if they were copper or stainless steel. A missed opportunity in my book, but entirely fixable...

[desertpunk]

Curbed

Sam Chang Reviving Plan for 44-Story Hotel in FiDi
Friday, February 18, 2011, by Joey Arak


[Photo via PropertyShark; rendering via Gene Kaufman Architect.]

Even the folks who hate the hotels designed for developer Sam Chang by architect Gene Kaufman might not have a big problem with this one. Chang bought the lot and nine-story parking garage at 99 Washington Street, just south of Ground Zero, for $17 million in 2005. Then he demolished the garage and unveiled plans for a 40-story Radisson Financial designed by Kaufman, with construction set to kick off in 2008. The world took a turn and the property remained untouched, even while the 57-story W New York Downtown hotel/condo went up a few doors down. Now the Tribeca Trib reports that Chang is set to pick this one back up, and the plan now calls for a 44-story Holiday Inn. Construction is "about to commence," his attorney said. Upgrade over a parking garage and empty lot?

[desertpunk]

Curbed

Andre Balazs Considering JFK's Landmark Terminal for Hotel?



The Port Authority issued a request for qualifications a few weeks ago for JFK's Terminal 5, the Eero Saarinen-designed terminal that the Port Authority hopes to turn into a boutique hotel lobby. To show developers the high-end potential of the noisy site crammed up against JetBlue's new Terminal 5, the Port Authority hosted a site visit earlier this month, and the Journal mines the list for intel on just who might be in line to redevelop this thing. One name that showed up: Andre Balazs, developer of the Standard and the man most recently seen "poking around" at the Hotel Chelsea. Also on the list: Lambs Club renovator WQB Architecture and W Hoboken developer Ironstate Development, but we're holding out hope for Balazs.

[SO143]

Originally Posted by desertpunk

Crain's

Love it

[rencharles]

Originally Posted by desertpunk

Curbed

Horrible. They could use this land to build something much better. Unfortunate ...