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Old October 19th, 2013, 03:31 AM   #21
RobertWalpole
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My pleasure, GT. This is indeed a small plot. Those not from NY should view the satellite shot on Google. 383 Madison, the Bear Stearns Tower, two blocks north of here occupies the entire block and has a MASSIVE trading floor, and fairly wide office floors, yet it's 750 feet tall. The MTA tower should be between 1, 100 and 1250 feetc tall.

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Old October 19th, 2013, 07:35 AM   #22
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Quote:
Originally Posted by RobertWalpole View Post
The MTA tower should be between 1, 100 and 1250 feetc tall.
Sweet music to my ears!
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Old October 3rd, 2014, 03:12 AM   #23
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Quote:
Originally Posted by Ghostface79 View Post
Other sites want to join the fun too...

MTA reopens bidding for Midtown headquarters site
http://nypost.com/2014/10/02/mta-reo...quarters-site/

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As the city’s plans gel for Vanderbilt Ave. rezoning, the MTA has quietly reopened the bidding for the long-term lease on its headquarters block at 341-347 Madison Ave.The site between E. 44th and 45th streets is being vacated and the winning bidder is expected to tear it down and put up a new skyscraper.

Developers have until Oct. 14 to amend their bids or submit new proposals, according to the Sept. 17 notice. The MTA sent out its original request for proposals in June 2013 and later extended its deadline to October 2013 while reopening it to new bidders. But once de Blasio was elected the major Midtown East rezoning was scrapped and since then, the MTA deal has been in a holding pattern.

Cushman & Wakefield is overseeing the bidding on behalf of the MTA. Reps for both declined to comment.

The agency is asking that new bids for the building be based on a floor area ratio (FAR) of between 24 and 30, or as much as 753,150 square feet. Right now zoning laws would allow 376,575 square feet.

There are also requirements to “support public circulation” in the area either on or off site, and the developer would have to meet “findings” with regard to the ground floor level, the massing and energy performance of the new building.

Additionally, landmark properties are expected to be able to transfer more air rights to the new structure, and any hotel within the new Vanderbilt Corridor would also need a special permit.

Steven Spinola, president of the Real Estate Board of New York, said the Vanderbilt zoning proposal should be certified by City Planning by the end of October. “Up until recently there was uncertainty as to what the city was doing. Hopefully, this will encourage people to take another look at this site.”
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Old October 3rd, 2014, 03:53 AM   #24
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So all the buildings facing Madison will be demolished, then? I'm not really happy about this. They are quintessential NYC and quite attractive, if not totally exceptional (but the base of 345 is a total gem). It just bugs me that they have to get rid of ALL of them. It's much nicer to have more variation rather than hulking, bland monoliths that ruin the urban fabric and make the skyline more homogenous. I mean sure, those buildings are a dime a dozen now, but I'm just worried that stretch of Madison will just turn into 6th avenue..

/endrant
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Old October 3rd, 2014, 04:00 AM   #25
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Don't be surprised if we get news about the Port Authority Bus Terminal too. My nose itches...
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Old October 3rd, 2014, 04:13 AM   #26
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That would be great.

Btw, I don't think 341 Madison will have any residential component but hope I'm wrong.

At least, the good news is maybe that guy Penson from a Grand Central will stop being a pest with sl green and start focusing on selling his expensive air rights to this project.
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Old October 3rd, 2014, 07:07 AM   #27
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Wow... so once bids get going and the Vanderbilt plan passes the city council as hoped by the end of the month we may get not just 1 gem for the new century in One Vanderbilt to start the resurgence of the Midtown East business district, but another possibly 1,200 ft or so? I'm so giddy!!!!!!!!!!! I thought there was another possible site on Madison near the Grand Central terminal... other than 425 Park(which even in its revised form will only go 925 ft) do we have another tall possibility for this district? We know it's likely the rezoning of the reset of Midtown East will not occur til the late part of next year or early 2016 if common sense prevails(with NIMBYS and special interests an iffy proposition with the Council)so I'd just like to know how many towers can be developed as part of this Vanderbilt plan portion of the development process?
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Old October 4th, 2014, 12:43 AM   #28
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As noted, this is a very small, shallow site which occupies only half the block. Thus, a 750k sf tower should be very tall.

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Old October 4th, 2014, 01:13 AM   #29
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is the site both of those buildings or just one?

But another 1000+ft tower here would be fantastic! A very dense and higher cluster in an already incredibly dense area! Fantastic!
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Old October 4th, 2014, 02:04 AM   #30
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In terms of east-west, which is pictured here, It's just the one to the left of the little building in the middle, which I believe is an air shaft for Grand Central. The big building to the right is The Yale Club, which is not part of the site.

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Old October 4th, 2014, 03:16 AM   #31
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This is a VERY small site for a tower that will be at least 750k sf.
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Last edited by LondoniumLex; October 4th, 2014 at 03:38 AM.
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Old October 4th, 2014, 11:15 PM   #32
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Quote:
Originally Posted by LondoniumLex View Post
This is a VERY small site for a tower that will be at least 750k sf.
I agree, I'm getting excited to see what will ultimately be planned here. Also, I read that post article again and it did say, the towers within the zone could go Hotel but would need a special permit.
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Old October 5th, 2014, 04:41 AM   #33
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I guess since it has a very small foot print that even if it were office space, it would still be very tall. It would be good for hedge funds, PE, VC firms, etc .
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Old October 5th, 2014, 08:30 AM   #34
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This is basically a guaranteed supertall.

With the small lot, very generous zoning, and no height limits, developers will have to go supertall to make the financials work.
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Old October 5th, 2014, 12:21 PM   #35
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I agree with both of you as the are restricted to the ground floor area for floorspace, so whatever occupies this, will most likely be a supertall, especially with high floor to ceiling heights of offices and residentials!
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Old October 7th, 2014, 07:06 PM   #36
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Here's a map of the lots within the Vanderbilt Corridor Zoning. As you can see the small footprint of the 341-347 Madison Avenue assemblage is small as Londonium has mentioned. 341 Madison is aprox 1/2 the size of the 1 Vanderbilt footprint.



On that block 341-347 Madison shares a site with the Yale Club (50 Vanderbilt) as mentioned and The Manhattan Savings Bank (52 Vanderbilt) which I believe may be pushed for LM desig.
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Old October 7th, 2014, 07:59 PM   #37
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That really clarifies things.
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Old October 8th, 2014, 03:42 AM   #38
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Quote:
Originally Posted by Eric Offereins View Post
That really clarifies things.
Yeah, you can see from my photo how the MTA buildings occupy only half the site. VG's annotated map shows it even clearer.

What's not evident for non-New Yorkers, however, is that parcels bounded by Madison and Vanderbilt are tiny -- even those that occupy the whole block, let alone ones like MTA that occupy only the western portion of the block.
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Old October 8th, 2014, 03:50 AM   #39
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Quote:
Originally Posted by Eric Offereins View Post
That really clarifies things.
Yeah, you can see from my photo how the MTA buildings occupy only half the site. VG's annotated map shows it even clearer.

What's not evident for non-New Yorkers, however, is that parcels bounded by Madison and Vanderbilt are tiny -- even those that occupy the whole block, let alone ones like MTA that occupy only the western portion of the block.

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Old October 8th, 2014, 03:56 AM   #40
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Other than One Vanderbilt and this MTA site, any other possible sites for towers (other than the Roosevelt Hotel site which should be saved at least in my opinion) in the Vanderbilt District first phase plan for Midtown East redevelopment?
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