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Old December 27th, 2015, 08:31 PM   #2561
DubaiM
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I bet that once this beauty starts rising, it will fly up in no time due to its tiny floor plates
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Old December 27th, 2015, 09:13 PM   #2562
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How high will prices go at 111 West 57th?


Michael Stern and Kevin Maloney’s ultra-skinny tower at 111 West 57th Street will soar to 1,400 dizzying feet. But how high will prices go?

Stern’s JDS Development Group and Maloney’s Property Markets Group are projecting a sellout of $1.45 billion for 65 apartments, according to the offering plan, which was approved by the New York Attorney General in October. The priciest condo is asking $58 million, or $8,179 per foot.

Those numbers fall short of the potential price tags described in early AG filings. The developers originally envisioned two- and three-bedroom units asking between $40 million and $100 million, according to filings last year. Five-bedroom units (which are situated on lower floors) were tentatively priced between $40 million and $75 million.

The approved offering plan as of Oct. 15 has three-bedroom condos starting at $15.5 million and topping out at $53 million. The four-bedroom units, four in total, are priced between $53 million and $57 million.

A person with knowledge of the building said several pricier units are not currently being offered and aren’t listed on the plan. Vornado Realty Trust used a similar tactic at 220 Central Park South, where hedge funder Ken Griffin is reportedly buying a $200 million mega unit.

At 111 West 57th, all of the units are accounted for on the offering plan, but sources close to the project said the prices could be placeholders for larger sums.

The SHoP Architects-designed building has an average asking price of $5,740 per square foot. Corcoran Sunshine Marketing Group is handling sales.

More at the link:


http://therealdeal.com/blog/2015/12/...111-west-57th/


A sellout of $1.45B is very close to what is listed here:






Another article mentioning 111 W 57. Not taking the stated height by interior designer William Sofield literally at this time:

MR: What’s the latest and greatest from Studio Sofield?

WS: Our big project is 111 West 57th Street, the new needle building that’s going up above Steinway Hall. SHoP is doing the architecture, and we’re doing all the interiors. It’s quite a production—about 1,495 feet high and 58 feet wide, so it’s too thin to kill any of the trees in Central Park.

MR: [reviewing drawings] This looks swank! I suppose the building is yet another pornographically expensive project?

WS: On a scale of one to over-the-top, it’s over-the-top. I think the apartments will sell for something like $8,000 per square foot, which is roughly what the fabrics we specified cost.

MR: Pity the vanishing middle class.

WS: I thought this was middle class!

MR: Let’s see what all that dough buys you. What are those giant urns in the lobby?

WS: They’re rock crystal. P.E. Guerin is doing every single piece of hardware. The tubs are carved out of solid blocks of alabaster. We’re doing end-grain marquetry floors, lots of fluted glass.


http://www.architecturaldigest.com/s...illiam-sofield
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Last edited by McSky; December 27th, 2015 at 09:29 PM.
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Old December 27th, 2015, 10:02 PM   #2563
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I forgot the AT&T Building was being converted. What's the progress on that?
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Old December 27th, 2015, 10:25 PM   #2564
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Quote:
Originally Posted by ThatOneGuy View Post
I forgot the AT&T Building was being converted. What's the progress on that?

http://ny.curbed.com/archives/2015/1...ing_condos.php


http://www.550-madison.com/
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Old December 28th, 2015, 03:50 AM   #2565
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Quote:
Originally Posted by McSky View Post

Another article mentioning 111 W 57. Not taking the stated height by interior designer William Sofield literally at this time:

MR: What’s the latest and greatest from Studio Sofield?

WS: Our big project is 111 West 57th Street, the new needle building that’s going up above Steinway Hall. SHoP is doing the architecture, and we’re doing all the interiors. It’s quite a production—about 1,495 feet high and 58 feet wide, so it’s too thin to kill any of the trees in Central Park.
I'm not sure where he pulled the 1,495 figure from but that would be an amazing height for such a masterpiece.

Although it is amazing at any height over 1400
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Old December 28th, 2015, 03:56 PM   #2566
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Quote:
Originally Posted by Jay View Post
I'm not sure where he pulled the 1,495 figure from but that would be an amazing height for such a masterpiece.

Although it is amazing at any height over 1400
EL for 111W57th is ~60'. Maybe that explains the 1,495' figure ...
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Old December 29th, 2015, 01:03 AM   #2567
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At this point I feel like there is no way the actual building can live up to the beautiful renderings.
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Old December 29th, 2015, 05:51 AM   #2568
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Quote:
Originally Posted by TallestKidOnTheBlock View Post
At this point I feel like there is no way the actual building can live up to the beautiful renderings.
According to the facade mockups posted a few months ago, this will far exceed the renders!!!
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Old December 30th, 2015, 07:29 AM   #2569
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I counted 7 workers... they are on hiring spree !



Foundation work is completed for some of the first support columns.

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Old December 30th, 2015, 07:48 PM   #2570
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Cool, so there are already the columns ready to go up, it may begin its climb soon.

Anyway what must be holding them back are the works on the existing buildings, It is not lack or workers or things like that. We don't really know what's going on there and I guess it is a complex work they are doing there, reinforcing the structure, etc.
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Old December 30th, 2015, 08:01 PM   #2571
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those floor should be demolished first richt !
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Old December 30th, 2015, 08:31 PM   #2572
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I spoke with a security guard at the site 2 weeks ago and asked him whether the iron structure encircled in red on the above picture was going to stay or not. He said it will stay. I'm not sure I believe him (he's not construction crew after all) but take from that what you will.
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Old December 30th, 2015, 10:25 PM   #2573
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Maybe the tower will have an overhang above the iron structure, but I doubt it, because on the floorplans you see, that the West and Ost Facades are actually load bearing walls.

Also on all older plans, it looks like it will get scraped.
http://www.skyscrapercity.com/showth...#post121826883
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Old December 30th, 2015, 10:32 PM   #2574
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Ok so I'm new to this building, but it seems its width-to-height ratio is even narrower than that of 432 park avenue?! I'd love to know if this is the future of new york? Instead of expanding in areas nearby, is the predicted future of new york unreasonably high property prices and thus very expensive skyscrapers?
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Old December 31st, 2015, 12:12 AM   #2575
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The tower overhanging above the iron structure doesn't make much sense.
My guess is they are building new support columns behind those curtains or plywood, I can't see what it is, some 3 or 4 meters behind the current facade.

Once that work is done, which is a pretty complex work, that I think is what they've doing all this time, they just have to cut the left over part. Dismantling that part of the structure shouldn't take so much, like a few days or a couple of weeks at max.
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Old December 31st, 2015, 05:06 AM   #2576
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Quote:
Originally Posted by streetscapeer View Post
I spoke with a security guard at the site 2 weeks ago and asked him whether the iron structure encircled in red on the above picture was going to stay or not. He said it will stay. I'm not sure I believe him (he's not construction crew after all) but take from that what you will.
I'm pretty sure that's newly built, because if you look at old pictures, there was a space behind the street side building.
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Old December 31st, 2015, 07:20 AM   #2577
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edit
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Old January 1st, 2016, 01:25 PM   #2578
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That's a lot of real estate for a small plot. I wonder how much that land is worth per sq ft?
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Old January 5th, 2016, 06:19 AM   #2579
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January 2nd
I finally got a good shot of the site, since it was Saturday.


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Old January 5th, 2016, 05:21 PM   #2580
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What's the story with those pipes on the brick building to the left?
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