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Old August 12th, 2012, 02:52 AM   #1
desertpunk
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NEW YORK | 551 10th Ave | 186m | 610ft | 52 fl | T/O



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Extell pays Catholic Church $16M for Hell’s Kitchen air rights

Plans 40-story residential tower on same block as Silverstein project

August 10, 2012 04:00PM
By Adam Pincus


The Roman Catholic Church and Extell's development site (credit: Microsoft)

Gary Barnett’s Extell Development has acquired a large amount of development rights, which it will use to increase the size of a little-noted residential tower project in the neighborhood, for $16.46 million from a Roman Catholic Church in Hell’s Kitchen.

Barnett’s company bought nearly 140,000 square feet in air rights from the Roman Catholic Church of Saint Raphael, located at 502 West 41st Street, near 10th Avenue, on July 31, city property records published today show. The developer is planning to build a residential tower of more than 40 stories on the west side of 10th Avenue between 40th and 41st streets, just to the east of the church, Barnett, the company’s president, told The Real Deal.

The new tower will extend over some portion of the church’s property by way of a cantilevered structure, the city records show, but did not say exactly how far. Barnett does not own the land he is building on, at 537-547 10th Avenue, however. Instead, on Aug. 22, 2011 he acquired a 99-year ground lease with one of the city’s major landlords, the estate of Sol Goldman.

[...]
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Old August 12th, 2012, 04:06 AM   #2
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Nice location there.
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Old August 12th, 2012, 04:21 AM   #3
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Near Mima Tower. I hope it's a little taller, and with a good design. This side will grow much yet.
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Old August 14th, 2012, 06:09 AM   #4
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This is also about a street away from Silverstein's tower which soon will start to rise on the old Mercedes site.
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Old August 14th, 2012, 01:37 PM   #5
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Quote:
Originally Posted by tim1807 View Post
Nice location there.
yep. Good to see that car park filled up with a tower.
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Old August 14th, 2012, 06:32 PM   #6
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no render yet?
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Old August 15th, 2012, 02:14 AM   #7
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Quote:
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no render yet?
We're early in the process. Stay tuned...
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Old August 15th, 2012, 03:30 AM   #8
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Don't expect much. It won't be lousy, but it won't be a landmark. This area is a dump -- albeit one that's improving rapidly.
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Old January 22nd, 2013, 02:22 PM   #9
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They filed a permit on 18 Jan. The tower will be 556 feet tall, and SLCE is the architect.
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Old January 22nd, 2013, 10:05 PM   #10
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Thanks RW, decent height. I was up in the area about a month ago and there were pilling machines on site, so construction could be in spring/summer. SLCE generally does pretty unimaginative designs, but almost certainly better than an abandoned lot.
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Old January 22nd, 2013, 11:44 PM   #11
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Quote:
Originally Posted by RobertWalpole View Post
They filed a permit on 18 Jan. The tower will be 556 feet tall, and SLCE is the architect.
Sounds good . Hope we'll see some renderings soon!
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Old January 23rd, 2013, 04:11 AM   #12
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I wouldn't expect anything great. It's a crappy area. I expect a decent looking (but not great) rental tower.
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Old January 23rd, 2013, 06:24 PM   #13
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Extell Plans 600-Unit Rental Tower on 10th Avenue
Wednesday, January 23, 2013, by Jessica Dailey



"... in a 600-unit rental tower, according to the Journal.

The building will be more than 40 stories, and about one-fifth of the units will be reserved for low-income renters. Extell did not purchase the land it's building on, but instead secured a 99-year lease from the landlord, the estate of Sol Goldman. The developer expects to break ground this spring, helping the West Side continue its transformation into one massive construction site."
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Old January 23rd, 2013, 07:13 PM   #14
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That's soon, great. Fyi, this building is exactly as high as the skybridge between the PTT.
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Old May 23rd, 2013, 05:32 AM   #15
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While I don't expect much, I hope that it's decent design.
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Old July 10th, 2013, 06:21 PM   #16
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,,,,
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Old September 27th, 2013, 02:11 PM   #17
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~Update:

Quote:
Originally Posted by Vertical_Gotham View Post
Construction shots: Extell’s rental at 551 10th Avenue in Hell’s Kitchen
http://blog.buzzbuzzhome.com/2013/09...th-avenue.html





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Old September 28th, 2013, 06:21 AM   #18
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Quite lame.
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Old September 28th, 2013, 06:25 AM   #19
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seems in line with other towers rising in the area.
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Old September 28th, 2013, 06:26 AM   #20
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I'm sick of these buildings with mismatching cladding. Architects: get some coherence for once!
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