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Old February 4th, 2014, 11:35 PM   #81
Vertical_Gotham
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Arhur W. Zeckendorf
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It's like a 15 Central Park West, with the same architecture, same limestone, same windows.
http://ny.curbed.com/archives/2013/1..._park_west.php

Based on that quote, I just think it’s going to be a clone of 15CPW but with a much sleeker and taller profile. Maybe a little more fancier. More Park Avenue..ish.

15 CPW
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Old February 5th, 2014, 06:35 PM   #82
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The front/ back side is even better.

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Old March 3rd, 2014, 05:47 PM   #83
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45 East 60th Street has a New Address! A Park Avenue Address... It will be known as..

520 Park Avenue.

Zeckendorfs Buy Air Rights, Address From Park Ave. Church
http://ny.curbed.com/archives/2014/0...ave_church.php

Quote:
the deal has finally been sealed. The Post reports that the final bill totals $30,383,370, or $430 per foot, for 70,659 square feet of air rights. The per-square-foot price reaches $602 when the pricing of other benefits are factored in, and it's these other benefits that the Zeckendorfs really waned—mainly, the church's ritzy Park Avenue address. The new condo tower will take the address of 520 Park Avenue from the church for a cost of $30,000 per year for 100 years, and the church will change to No. 522.
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The air rights will allow the new building to cantilever over the church, which is not a landmark and not located in a historic district, but we wouldn't be surprised if a preservationist battle erupted over the cantilever. They seem to get people riled up.
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The Zeckendorfs are once again working with architect Robert A.M. Stern—the team also created 15 Central Park West and 18 Gramercy Park—and the new building will be a limestone edifice with 31 full-floor, duplex, and triplex units. If sales are as bonkers as they were at the building's big brother on the west side, 520 Park might just be the Baby Limestone Jesus. And if Arthur Zeckendorf has his way, sales will certainly be mindboggling.

In an article for Departures, he told author Michael Gross that the building's penthouse will be a 13,000-square-foot triplex with a giant terrace looking north, east, and south, and "when it's offered for sale, it will probably be the most expensive apartment in New York."

This church just with deal made out like bandits.

$30 m plus for air rights and $30 k per year for 100 years for address.
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Old March 3rd, 2014, 05:57 PM   #84
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The church does as the church does.

Height will remain the same?
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Old March 3rd, 2014, 06:09 PM   #85
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Yea it will be the same height. The 781' is the result of that air right sale. Note: In the plans it shows a height of 780' with the crown included.

Last edited by Vertical_Gotham; March 3rd, 2014 at 06:43 PM.
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Old March 3rd, 2014, 06:13 PM   #86
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Yeah, if someone asked me to change my address by two numbers for 30k a year, It would put me into a whole new tax bracket. Plus, it's not like they had to lose the Park Ave part of the address, which is the most valuable -- they just no longer have a round number. Pretty easy to deal with since no one knows their church by its address.
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Old March 3rd, 2014, 06:17 PM   #87
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I don't really understand how this works. The bulk of the tower is pretty far from Park Avenue. It's also already cantilevering over the building next to the church. There isn't much room to build up around the church either. They might be able to squeeze an entrance onto Park Avenue, but a cantilever over the church would be unwieldy.

Obviously the plans we've seen are scrapped.
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Old March 3rd, 2014, 06:54 PM   #88
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Quote:
Originally Posted by hateman View Post
I don't really understand how this works. The bulk of the tower is pretty far from Park Avenue. It's also already cantilevering over the building next to the church. There isn't much room to build up around the church either. They might be able to squeeze an entrance onto Park Avenue, but a cantilever over the church would be unwieldy.

Obviously the plans we've seen are scrapped.
No, the plans we had already seen will still be in play as they had been drawn up with this deal already in mind asfaik.




Note: The Cantilever is already in the plans.

Essentially the closing of this deal is just now allowing Zeckendorf to formally announce the projects new address. Obviously having a Park Avenue address is better for their marketing efforts. It's give a big psychological factor.

I don't know if they will now be providing an entrance on Park but if there is any room I suppose they could do it on the North side of the church. Not sure.

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Old March 3rd, 2014, 07:40 PM   #89
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To think this building will rise just above where 432PA is now... not too bad! will defiantly lift that area up, and will also give 432 some company with 432 being quite a distance from the future 57th supertall street

The proportions also look great! I love these super skinny towers, will be good to see Sterns buildings book ending the East and West side of CP

I just hope he'll design a supertall for NY sometime (something taller that 220CP), would be beautiful!
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Old March 3rd, 2014, 09:44 PM   #90
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Quote:
Originally Posted by iamtheSTIG View Post
will defiantly lift that area up,
In defiance of what?
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Old March 3rd, 2014, 11:41 PM   #91
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Quote:
Originally Posted by droneriot View Post
In defiance of what?
I meant definitely
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Old March 3rd, 2014, 11:54 PM   #92
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Too short to accompany 432 PA very much but will enhance the streetwall.


I'm hoping for a touch of classical modernism here.
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Old March 4th, 2014, 12:21 AM   #93
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I see someone moved on up to Park Avenue. I didn't even recognize you 45 east 60th, thought you were a different building.
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Old March 25th, 2014, 06:07 AM   #94
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New Tower to Join 'Billionaires Row'
Building to Join Others in District for the Uber-Wealthy


http://online.wsj.com/news/articles/...911579648.html


A rendering of 520 Park Ave., one of at least eight condo towers in the works near or along 57th Street. Zeckendorf Development LLC and Seventh Art

Quote:
Park Avenue soon will have a new limestone tower to join the ranks of the street's architecturally noteworthy buildings, from Lever House to the Seagram Building.

Unlike those glass office buildings in the modern International Style, the 51-story building at 520 Park Ave. will feature vertical mansions clad in traditional stone at the edge of a neighborhood real-estate people have begun to call "Billionaires Row."

The would-be district of the uber-wealthy extends from Broadway on West 57th Street to Park Avenue, as well as to a few other midtown locations.

The building will join at least seven other condominium towers under construction or planned near or along 57th Street in Midtown, raising a concern by some brokers too many mega-condos may be coming on line in what has been the city's hottest real estate sector.

It also will have a penthouse priced at considerably more than $100 million, according to a person familiar with the project, making it the city's most expensive apartment.

"It is a new market category, it is being called Billionaire's Row," said Jonathan Miller, an appraiser and market analyst and president of Miller Samuel Inc. of the new development area. He said the demand for hard assets in the U.S. is so strong—especially among international buyers—that the market is likely to remain warm far into the future.

But he added too many buildings coming to market at the same time could temporarily limit prices. Already, some brokers say sales have slowed at some fast-selling buildings after they repeatedly raised prices last year to levels that may be unsustainable. At the same time, Mr. Miller noted that the sheer size of the new apartments will effectively limit their supply—and support their high prices.

The new building at 520 Park, designed by Robert A.M. Stern, the dean of the Yale architecture school, was assembled by brothers Arthur and William Lie Zeckendorf and much of the same team that created 15 Central Park West.

It grew to 178,000 square feet through the combination of several lots and the $30.4 million purchase of air rights from Christ Church at East 60th Street and Park Avenue.

It also purchased the right to cantilever over much of the Grolier Club, a club of bibliophiles on East 60th Street. The developer obtained additional building rights by providing funding to build affordable housing on the Upper East Side as well as meeting the requirements of a city green building program, Arthur Zeckendorf said.

The smallest of the tower's 31 apartments will sprawl over full floors of about 4,600 square feet. They will each have their own elevator landings and are set to list at $27 million or more. There will also be seven duplex apartments, each with six bedrooms. The largest apartment, a 12,400-square-foot triplex with a private terrace, will be priced at as much as $10,000 per square foot.

A rendering circulated to lenders showed an 85-foot wide building with views of Central Park. It has floor-to-ceiling windows of varying sizes topped by another detail recalling buildings built in Manhattan before World War II: a temple-like structure on the roof to hide a water tower and mechanical equipment. "Our market is probably a lot of people who could get into a co-op, but don't want to live in a building that is 95 years old," Mr. Zeckendorf said

In the new project, the Zeckendorfs formed a development company with two groups of real-estate investors: Rafael and Ezra Nasser, who had earlier purchased a six-story office building on the site with the Zeckendorfs; and Israeli investor Eyal Ofer, who had owned another building there. Foundation work is under way and the apartments are scheduled to go on the market in several months.

But the large number of expensive apartments on the market is causing pause for some brokers. Although the number of listings in Manhattan shrank to the lowest levels in at least a decade, there is now about a 31-month supply of apartments and houses priced at more than $10 million, based on listing and sales figures provided by Greg Heym, an economist at Brown Harris Stevens and Halstead Property. These don't include high-priced apartments at new developments that aren't routinely shown in New York's main broker listing system. "In the midtown corridor you are entirely saturated with inventory," said Donna Olshan, a broker who issues a weekly report on luxury apartment deals in contract.

Still, she said that the new Zeckendorf project on East 60th Street would do well, since it is on the lower fringe of the Upper East Side, where demand for large apartments remains strong by local New York buyers. Since the success of 15 Central Park West, she said, the Zeckendorfs have a track record and a following among apartment buyers.

Although the new building will have a Park Avenue address, now used by the church, its entrance will be located a few doors down from Park, on East 60th Street, toward Madison Avenue.
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Old March 25th, 2014, 06:35 AM   #95
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Whoa. The open crown is a surprise. I like it! Hopefully we'll get some shots from the front (that is, the West, Park-facing side).
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Old March 25th, 2014, 06:49 AM   #96
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another limestone clad beauty. It's height and proximity to central park will ensure attention from buyers.
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Old March 25th, 2014, 07:31 AM   #97
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Why couldn't the windows be the same size the entire length? It's really annoying and turns it more 80s style pomo rather than genuinely neoclassic.


Otherwise, nice design.
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Old March 25th, 2014, 08:08 AM   #98
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Old March 25th, 2014, 08:42 AM   #99
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All beautiful, non glass oriented towers... love these limestone beauties. Can't wait til the newest ones are built out!

What is the second one to the left? Looks truly in the classic style, the others a blend of classic and contemporary.
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Old March 25th, 2014, 03:03 PM   #100
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30 Park Place.
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