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Old March 30th, 2015, 04:27 PM   #221
royal rose1
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I disagree, the neighborhood has become one full of skinny, tall buildings, thanks to the good ol' Metropolitan Life Insurance Building back in 1909. It's been nearly 100 years since that was built, and it was 700 feet tall, so why would this be too tall for the neighborhood?
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Old March 30th, 2015, 11:10 PM   #222
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Google Maps

https://maps.google.com/maps?q=45+E+...36.84,,0,-5.09
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Old April 15th, 2015, 11:44 PM   #223
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Bruce Eichner on His Game of Thrones-Like Battle for Air Rights

There’s more in link, including stuff on his 1800 Park Avenue projectin Harlem:
http://commercialobserver.com/2015/0...or-air-rights/


Developer Bruce Eichner in the sales gallery for 45 East 22nd Street

Quote:
It was 2013, and Bruce Eichner was standing in the dimly lit hallway of a residential building on East 23rd Street begging the owner for his air rights.

“He would not return a phone call or an email for five months,” said Mr. Eichner, the founder and chairman of The Continuum Company, who needed the air rights for his ambitious residential project at 45 East 22nd Street near Madison Square Park (at a planned 65 stories, it will be the tallest residential tower in Gramercy).

“I’m sitting in my office and I was like, ‘screw this.’ I got out of my office, went down, rang the doorbell.”

After the landlord refused to let Mr. Eichner into his East 23rd Street apartment, the two stood in the hallway for 45 minutes (the landlord was barefoot), sketching out details of the transaction on a legal pad. (The reason for the landlord’s hesitation? He had built a garden on his roof and was terrified of doing anything to provoke a building inspection.)
This was far from the only shameless plea Mr. Eichner made for air rights in this pocket of the neighborhood. For months, he bartered with building owners and restaurateurs, including with Avtar Walia, the owner of Indian restaurant Tamarind, which has since moved to Tribeca to make room for 45 East 22nd Street. Another restaurateur agreed not to make a fuss, but months later his partner demanded that their lease be bought out. And he faced down the most trying of all real estate fixtures: a co-op board.

Yet in a little over a year, Mr. Eichner secured the necessary air rights to have his vision for the 777-foot-tall 45 East 22nd Street come alive.

“The entire thing, soup to nuts, took about 14 months, which is to say, nothing. But…it was Game of Thrones,” Mr. Eichner said, showing Commercial Observer a blueprint of the various parcels he had to assemble to make a go of his new project. “Every one of these things separately was torture.”
Quote:
Commercial Observer: Do you think that the prospective buyers for your property at 45 East 22nd Street are the same demographic as those looking at 15 Central Park West or One57?

Mr. Eichner: I don’t think so. Those buildings are priced … at almost twice what this is priced at—certainly 50 percent higher.

What are the mid-range prices at the building?
The mid-range price is probably $3,500 a foot. Basically, other than the eight full floors, there’s really nothing in the building that’s over $10 million.

What would you say is your direct competition in the market?
At this point, I don’t think we have any. I would say that the best competition would be 50 feet to the west at One Madison. Now, the interesting thing is the differences between One Madison and our building. One Madison has two elevators; we have three. The footprint for the building at One Madison is 3,310 feet; our footprint is like 4,500 feet. Their full floor is actually more than 1,200 feet smaller. They have no garage; we have a garage.

When is the building expected to be completed?
The first occupancy should be late fourth-quarter 2016.

How are sales going?
We’re somewhere between 25 and 28 percent sold.

Are many of the buyers foreign?
No. What’s interesting is if you’d look at the names [you’d think they would be] international. But they’re all from here. It’s all local. Everybody that’s bought here so far has been from New York, New Jersey, Connecticut.

What’s the crown jewel apartment?
I don’t think there is one. What I try to do is come up with a mix where there are like maybe four or five types of buyers. I’m pretty sure that the lower A three-bedroom apartments, which are all in the $6 million range, are family apartments. Somebody wants three bedrooms and they don’t need the view. Then, there are some really funky duplexes, and they’re like eight of them. They have great views and that’s a totally different buyer.

There are eight full-floor apartments and those are at the top of the building and they have 360 degree views of the world. And actually, the top three or four of them look down on One Madison. And then there are two penthouses. One is slightly larger than the other. They are both duplexes and are obviously for two people that don’t have a budget.

This building is heavy on amenities.

I think the amenities in this building are probably the coolest set of amenities I’ve ever done. There are only 83 units and there are five floors of amenities. The amenities are really split, so there are two floors for the athletes—half-court basketball court, a golf simulator, a really pro-style gym, yoga. If you want to play sports, this is the place to go.

It’s also got on the fifth floor a billiards room, TV room, a game room for kids, outdoor space where you can go. Everyone in the building who has one or two children, they’re going to hang on the fifth floor. It’s totally casual. And on the first floor, I did something I’ve never done before either. At the back of the building on the first floor is a two-story library. So if you want to hold a business meeting, but you don’t want to leave the building, “It’s Saturday. It’s Sunday. It’s snowing. It’s raining.” Just go downstairs.

Do you think that residents will really be using the Upper Club [the communal living and dining space] on the 54th floor?

I will bet you 50 cents, double my maximum wager. Of all the things in the building that will be copied, this is it.

Do you think that an approximately 800-foot building will look out of proportion with the rest of the neighborhood?

Well, number one, I think that the stone base [makes a difference]. I didn’t think a glass tower going to the street was appropriate, like One Madison. I don’t see the relationship between that and the neighborhood. But I’ve got the first 90 feet is granite, which is intended in some manner, shape or form to tip your hat to the fact that you’re in the Flatiron District.

I also think that [Kohn Pedersen Fox] did a fabulous job with the very eccentric design. The building is 75 feet wide at the bottom and 125 feet wide at the top. There’s nothing else that’s been designed like that in North America. Every floor actually gets larger as you go up the building, which also puts the most expensive apartments with the best views where they belong, at the top of the building.
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Hudson Yards mega development Map: June 2015
http://i.imgur.com/FVrYwpy.jpg
(click again once inside to enlarge the map)
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Old April 18th, 2015, 11:13 PM   #224
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Street is closed today to instal the crane.
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Old April 19th, 2015, 01:01 AM   #225
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Sweet!
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Hudson Yards mega development Map: June 2015
http://i.imgur.com/FVrYwpy.jpg
(click again once inside to enlarge the map)

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Old April 27th, 2015, 08:20 PM   #226
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It's above ground !
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Old April 27th, 2015, 08:26 PM   #227
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Sweet!!! Wow, this will be going up in no time.
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Hudson Yards mega development Map: June 2015
http://i.imgur.com/FVrYwpy.jpg
(click again once inside to enlarge the map)

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Old April 27th, 2015, 08:45 PM   #228
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I agree, VG!
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Old April 28th, 2015, 12:05 AM   #229
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Quote:
Originally Posted by LondoniumLex View Post
It's above ground !
What's above ground? The crane or something else?
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Old April 28th, 2015, 01:02 AM   #230
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The structure. I'll post photos ltr
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Old April 28th, 2015, 03:19 AM   #231
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Above ground today!


I can't wait to see it looming over this scene.



Bonus shot of this beautiful area
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Old May 9th, 2015, 05:38 AM   #232
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Today
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Old May 23rd, 2015, 08:45 PM   #233
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Four floors up. This is flying.
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Old May 24th, 2015, 12:10 AM   #234
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Today...



tectonic
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Old May 25th, 2015, 05:23 AM   #235
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This will rise very fast.
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Hudson Yards mega development Map: June 2015
http://i.imgur.com/FVrYwpy.jpg
(click again once inside to enlarge the map)
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Old June 25th, 2015, 04:37 PM   #236
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06.24.15

More on the Tectonic Journal
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Old June 26th, 2015, 08:22 PM   #237
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YIMBY: New Rendering for 45 East 22nd Street 777-Foot Tall Condo Tower

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Old June 27th, 2015, 07:57 AM   #238
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Yrs sir a jewel for NYC that is under construction.
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Old June 27th, 2015, 10:55 PM   #239
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A great addition to this area i think. Inthe main part of Midtown you wouldn't see much from it but there it'll fit fantastic!
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Old August 15th, 2015, 06:10 PM   #240
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Would anyone be willing to pass by and take some pictures? It's been almost two months since the last update and I think this tower will rise fairly quickly.
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