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Old September 9th, 2014, 05:31 AM   #141
sbarn
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Given the trend on 57th Street, I have a hard time imagining that this won't rise at least over 1000 feet. Time will tell I guess.

In the meantime, I'm still sad to see these good looking buildings go.
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Old September 9th, 2014, 07:32 AM   #142
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This tower needed to balance out the new towers on west side with 432 park. Hopefully we get a design at least in the quality between 432 park and Steinway Tower.
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Old September 10th, 2014, 12:23 AM   #143
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Vornado Chief Plans ‘Seven-Star Hotel’ By Central Park
http://blogs.wsj.com/developments/20...Ftab%252Fprint



Quote:
When landlords Vornado Realty Trust and the LeFrak Organization gave notice nine months ago that they would be demolishing the home of a cherished Manhattan bookstore, speculation was rampant about what the two property titans would build on the site. Now it appears there is an answer.

Vornado chief executive Steven Roth said at an industry panel discussion Tuesday the site of the now-closed Rizzoli Bookstore at 31 West 57th Street, just south of Central Park, is going to be “a seven-star hotel.” Speaking at an event in Chicago held by law firm DLA Piper, he offered little other detail, and was responding to a question that suggested he was planning condominiums for the property.

Only a handful of hotels around the world are billed as having seven stars, an unofficial way to connote extreme luxury.

A Vornado spokesman declined further comment.

Whatever the specifics, the prospect of a super-luxurious hotel would only add to 57th Street’s growing reputation as a “billionaire’s row,” where numerous slim condo towers aimed at the ultra-rich, with some penthouses listed at prices as high as $90 million, are planned or being built.

A new hotel would mark a deviation from Vornado’s course of late, as the company has been focused on slimming down its sprawling property portfolio to focus on office and urban retail.

The Rizzoli, meanwhile, has found a new home. The bookstore said earlier this week it would move about 25 blocks south.
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Old September 10th, 2014, 04:31 AM   #144
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Well that's a little silly -- "7 star" ratings are meaningless, although I'll take it to mean they expect to contend for the same clientele as Burj al-Arab and similarly ludicrous hotels around the world.

If they produce anything less than an architectural gem built with the finest materials, this "7 Star" proclamation at least gives us an excuse to gripe.
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Old September 10th, 2014, 04:35 AM   #145
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I think it's fair to assume to that whatever is built there won't be huge, which is fine cause there are plenty of mega towers to go around on 57th street.
I just hope for a splendid design to match that "seven star hotel" and something that proves to be a worthy replacement for the previous building.
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Old September 10th, 2014, 06:53 PM   #146
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No renderings but you can count on a stellar design for a 7 star hotel

Building Replacing Rizzoli Bookstore Will Be Seven Star Hotel from Curbed
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Old September 10th, 2014, 07:03 PM   #147
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Quote:
Originally Posted by Ghostface79 View Post
I think it's fair to assume to that whatever is built there won't be huge, which is fine cause there are plenty of mega towers to go around on 57th street.
I just hope for a splendid design to match that "seven star hotel" and something that proves to be a worthy replacement for the previous building.
I think that this could exceed 300m. It remains to be seen if they will include condos.
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Old September 11th, 2014, 12:38 AM   #148
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according to "The Real Deal" article, this will be strictly be a commercial building.

http://therealdeal.com/blog/2014/09/...-rizzoli-site/
Quote:
The developers filed plans in May to demolish the bookstore at 31 West 57th Street. It was reported at the time that high-rise condominiums would rise on the site, but instead, Roth said, it will be a commercial use. Vornado’s priorities have largely been retail and office development in recent years
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Old September 11th, 2014, 01:21 AM   #149
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The seventh star is for the happy ending
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Old September 11th, 2014, 02:08 AM   #150
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I'd be very surprised if this is merely 20 stories.
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Old September 11th, 2014, 04:20 AM   #151
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Old September 11th, 2014, 04:28 AM   #152
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Making progress.

I hope that whatever rises here, it doesn't completely obscure the West facade of the Solow building. It's an understated icon of 60s-70s minimalism and I love those cross-braces in the windows.
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Old September 11th, 2014, 06:04 AM   #153
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Quote:
Originally Posted by Ghostface79 View Post
according to "The Real Deal" article, this will be strictly be a commercial building.

http://therealdeal.com/blog/2014/09/...-rizzoli-site/
.
The Real Deal article doesn't say such a thing.

And a commercial building can have condos. The Four Seasons Downtown, the Plaza Hotel, the Ritz Carlton CPS, Ritz Carlton Downtown, the Trump Soho, and many others, are all commercial buildings with lots of condos. They're just hotel condos which are zoned differently.

I would be willing to bet that this building will have extreme high-end hotel condos on the top floors.

And I would be willing to bet this will be tall, and skinny.
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Old September 11th, 2014, 07:29 AM   #154
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Have to agree.. the building won't be only condominiums as once thought but it certainly just won't be a hotel. Best bet is hotel /retail up to a certain level, then condos on the upper floors. Don't forget also in the Central Park neighborhood the Park Lane Hotel has been sold but the developers aren't going to rush into making any concrete proposals yet. Though another 1,000 ft tower is likely... maybe a little higher. So Central Park will get at least two potential supertalls. And that's not even factoring Shvo's promised showcase tower there in the not too distant future.
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Old September 11th, 2014, 07:56 PM   #155
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With it being a 7 star hotel, I expect this to be top notch and tall!

Who would pay $1,000s (?) a night to have a view of a building right across the street, when it could be rising high in the sky looking out over the city and the park?
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Old September 11th, 2014, 08:06 PM   #156
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They would be stupid to not have Condo's on top imo.
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Old September 11th, 2014, 08:32 PM   #157
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I'd say there's a <5% chance there isn't a condo component. That's where the big money is.
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Old September 12th, 2014, 12:49 AM   #158
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You guys might be right.
I might be reading a bit too much in Vornado's comments, but the fact that there's increasing chatter about what could be an overload of luxury condos coming into the market in the next few years, I wonder if some developers aren't thinking about other options to maximize their sites' potential.
But again I might be reading too much into it, after all having condos on top of a seven start hotel would make a lot of sense indeed.
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Old September 12th, 2014, 01:08 AM   #159
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But every project keeps selling out.
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Old September 17th, 2014, 08:57 PM   #160
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Well today's Curbed article about the Trump SoHo's foreclosure presents an interesting wrinkle: it seems that the hotel-condo market isn't nearly as robust as that of regular condos. Apparently the Trump SoHo has only sold 1/3 of its units, forcing the owners into foreclosure.

Someone in the Curbed commentariat suggested that it's likely because of the zoning differences and restrictions on hotel-condos, that buyers don't have to deal with in normal condos (someone else will know much better than me what they are, but I believe they're taxed differently and there may be a restriction on how much of the year someone can occupy the units).

So it raises the question, if 31 W. 57th does indeed have condos in addition to the hotel, will they be hotel-condos or not, and is there any way for us to know what will be allowed based on the zoning/permits for this building? I believe that the condos in One57, for instance, are not hotel-condos even though it has the Park Hyatt in the lower floors. Anyone want to clarify or help parse this out?
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