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Old May 7th, 2011, 02:38 PM   #1
RobertWalpole
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NEW YORK | 7 Bryant Park | 138m | 454ft | 29 fl | Com

7 Bryant Park New York





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http://www.nypost.com/p/news/busines...AHMzBqr3RsjEcP

CommentBreakthrough at Bryant Park
Last Updated: 12:57 AM, February 9, 2011

Posted: 12:39 AM, February 9, 2011

Lois Weiss

BETWEEN THE BRICKS
Now that a prominent development partner and architects are on board, a key site catty-corner to Bryant Park is moving closer to a resolution.

The Post has learned that Hines Interests is now working with Pacolet Milliken Enterprises, the owner of 1045 Ave. of the Americas, which takes up a full block front between West 39th and West 40th streets. The now-vacant site previously hosted the headquarters of Milliken & Co. and was recently demolished.

Additionally, the architecture firm Pei Cobb Freed has now completed conceptual designs that do not need discretionary approvals, the owners advise.

Richard Webel, president of Pacolet Milliken, said, "Together with Hines Interests, one of the leading real estate development entities, Pacolet Milliken has been working for the last several years to formulate a project that can satisfy the demands of both users and investors for the highest quality office space on this unique site. Offering in excess of 400,000 square feet of rentable area, the project is potentially positioned to be at the leading edge of the next development cycle."

Paul Amrich of CB Richard Ellis, who may or may not be the agent for the future tower, declined comment through a spokesman.

In December, the owners of the adjacent and recently landmarked Springs Mills Building, at 104 W. 40th St., sold 65,085 square feet of transferrable air rights to Pacolet Milliken Enterprises for about $12.2 million, or just under $200 a square foot. A spokesman for Savanna Partners, the owner of Springs Mills, declined comment.

Back in March 2009 we warned you that Milliken was tearing down its former showroom building and planning a new, as-of-right development.

No matter what is constructed, both the city and the Bryant Park Business Improvement District would be beneficiaries of enhanced payments and an improvement in the landscape.

Last edited by desertpunk; August 16th, 2012 at 12:40 AM.
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Old May 8th, 2011, 08:48 AM   #2
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Ths is not a supertower of NY.
More renders?
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Old August 9th, 2011, 01:38 AM   #3
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Dramatic New Office Tower Set to Rise on Avenue of the Americas Overlooking Bryant Park

8/8/11

(NEW YORK) – Hines, along with partner Pacolet Milliken Enterprises, Inc., today announced the development of an iconic new trophy-class office tower on Avenue of the Americas overlooking Bryant Park. Designed by renowned architects Henry N. Cobb and Yvonne Szeto of Pei Cobb Freed & Partners, the planned 28-story, 450,000-rentable-square-foot tower will be built on property that Pacolet Milliken has owned since 1954, a key parcel on Avenue of the Americas with full-block frontage at the southwest corner of the popular Manhattan park.

The development will be built as an as-of-right project within existing zoning guidelines. Demolition has been completed, allowing construction to start as early as 2012 and occupancy as early as 2014. The project is slated for LEED® certification.

The orientation of the steel and glass tower will capitalize on direct views over the park and past the historic New York Public Library. The building’s entrance façade is punctuated by a concave sculptural detail which cuts into the building in an hourglass shape, distinguishing the design and creating unique feature windows on every tenant floor. A floating stainless steel disc, expected to be 48 feet in diameter, will be suspended over the corner entrance at 40th Street, serving as both a canopy and a signature architectural gesture facing the park, creating a sense of place, and serving as a memorable welcome point for tenants and their visitors.

According to Cobb, “The building was conceived in response to the extraordinary circumstance of its location at the corner of Bryant Park. The hourglass façade detail will be a lens through which building occupants can view the park with dramatic and alluring immediacy.”

Special features of the project include: upscale branding/identity opportunities at the grand entrance and on the ground floor along the Avenue of the Americas; 10-foot finished ceilings and full-height clear vision glass throughout; two spacious outdoor terraces overlooking the park on the building’s tenth floor; and multiple top-floor opportunities including the possibility for a signature “duplex” penthouse* – one of the most unique office opportunities in Manhattan.

In the recent past, Hines has been particularly active in some of the tri-state area’s most significant and complex build-to-suit projects, including those for Morgan Stanley, Goldman Sachs, Royal Bank of Scotland, UBS and Bear Stearns. This new multi-tenant building at Bryant Park will incorporate many of the attributes of the advanced technology, higher-quality characteristics of these workplaces, including the potential for trading floors in the base of the building.

Hines Senior Vice President Tommy Craig, head of the firm’s New York/tri-state regional activities, commented, “Pacolet Milliken is committed to stewardship of long-term, quality assets, so they make a great partner for Hines. We are privileged to develop a project that combines such an exceptional location with a distinguished design. It will be a singular opportunity for mid-sized tenants in the midtown market. This project will focus on people and their productivity and become an urban campus where Bryant Park can be a backdrop for the identity of building tenants. It will take advantage of new technologies which create a modern, forward-thinking workplace — a smart building for smart users.”

Pacolet Milliken President Richard C. Webel added, “Our Company and its ownership families are proud to be part of a project that we believe will contribute to the Bryant Park environment. We are equally proud that the building responds to the challenge from Roger Milliken, our founding chairman, to create a uniquely distinguished design that reaches for a high level of sustainability.”

Pacolet Milliken Enterprises, Inc. is a private, family-owned investment company with a history that dates back, through Milliken & Company, to the 1860s. In addition to urban office property, Pacolet Milliken has divisions that operate regulated and merchant utility businesses, undeveloped land and forestry, and income real estate in the southeast US.

Hines has been active in the Tri-State NY, NJ, CT market since 1981, having developed in excess of 15 million square feet in the area. In addition, Hines is an active asset and property manager of both equity and third-party assets. Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,126 properties representing more than 459 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in 106 cities in 17 countries, and controlled assets valued at approximately $23.7 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.

Last edited by desertpunk; August 16th, 2012 at 12:36 AM.
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Old August 9th, 2011, 02:38 AM   #4
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interesting to know that the architecture of New York is following a modern style.
dubai é a referencia.
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Old August 9th, 2011, 04:41 PM   #5
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What's being replaced to built this brother of Tour EDF?
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Old August 10th, 2011, 02:52 PM   #6
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Hines unveils new Bryant Park tower
August 08, 2011 11:00AM



Rendering of 1045 Sixth Avenue Houston-based real estate firm Hines revealed the Pei Cobb Freed & Partners design for its forthcoming Bryant Park office tower. The Wall Street Journal reported the 28-story, 450,000-square-foot structure at 1045 Sixth Avenue will feature concave detailing on its hourglass-shaped, glassy exterior and a large stainless steel disc suspended over the entrance at the corner of 40th Street. "The building was conceived in response to the extraordinary circumstance of its location at the corner of Bryant Park," said architect Henry Cobb.

The tower is being built in partnership with Pacolet Milliken Enterprises, which has owned the land since 1954. Hines will wait until it signs some tenants and obtains construction financing before beginning work on the tower, according to the Wall Street Journal. Demolition of the previous structure is already complete, so construction could begin as early as 2012, and occupancy may be ready by 2014. Hines will seek LEED certification for the office tower.

Hines recently sold 750 Seventh Avenue for more than $800 per square foot, or $485 million, and announced a $1 billion medical property venture with New York State Retirement Fund earlier this month. [WSJ]
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Old August 10th, 2011, 10:14 PM   #7
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Isn't there a thread for this in highrise section?
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Old August 10th, 2011, 10:16 PM   #8
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Ok this the older thread. somebody need to look the other one.
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Old August 12th, 2011, 04:54 AM   #9
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Only 28 floors? Can only be kidding. The terrain was great to have a skyscraper of 220 meters or more.
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Old August 12th, 2011, 02:07 PM   #10
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So this one is probably just above 100 meter?
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Old August 12th, 2011, 02:22 PM   #11
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It's over 100m. Anyway, it's being built as high as the air rights for that parcel permit.
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Old August 12th, 2011, 02:24 PM   #12
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This part of midtown was very shoddy until not long ago. A lot of development is underway, and it's now very nice. Here's a photo of the decrepit buildings that were on the site.


Last edited by RobertWalpole; August 12th, 2011 at 02:53 PM.
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Old August 12th, 2011, 02:52 PM   #13
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This part of midtown was very shoddy until not long ago. A lot of development is underway, and it's now very nice. Here's a photo of the decrepit buildings that were on the site.



Here's a larger image of the new tower.

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Old August 12th, 2011, 10:15 PM   #14
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Nice looking building! Wish it were a bit taller though :/
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Old September 7th, 2011, 05:08 AM   #15
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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/re...1&ref=business

Square Feet
With Financing Still Rare, New York Developments Start to ReboundBy JOTHAM SEDERSTROM
Published: September 6, 2011

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.....
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Old September 7th, 2011, 05:19 AM   #16
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Libor is rising again and suddenly the market for CMBS paper is in retreat...again.

If anyone can get financed it's Hines. They are blue chip.


http://readnewyork.com/category/hines/
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Last edited by desertpunk; August 16th, 2012 at 12:37 AM.
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Old September 7th, 2011, 01:25 PM   #17
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Sovereign wealth funds and foreign companies in Asia and the Middle East are looking for safe havens which is why demand for US Treasuries and gold are at peak demand. Another safe haven is blue-chip property in places like NY and London.
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Old September 7th, 2011, 01:49 PM   #18
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Why is this one in the skyscraper section, allthough it wont almost certainly be over 200m tall?
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Old September 8th, 2011, 12:19 AM   #19
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it doesn't look over 200m to sorry.
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Old November 11th, 2011, 09:47 AM   #20
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http://www.nytimes.com/2011/11/13/re...ref=realestate

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



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....
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