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Old February 27th, 2015, 03:37 AM   #41
bodegavendetta
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It sure sticks out a lot. I hope the renderings aren't final and the developers take this opportunity to make something more appealing.
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Old February 27th, 2015, 02:58 PM   #42
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The renderings haven't been released.
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Old March 5th, 2015, 06:58 AM   #43
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It'll be pure class whatever the final renders show.
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Old March 24th, 2015, 10:15 PM   #44
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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 26th, 2015, 08:26 PM   #45
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YIMBY: Ceruzzi Properties To Acquire 520 Fifth Avenue, 71-Story Mixed-Use Tower Planned, Midtown

Quote:
By: Reid Wilson 6:30 am on June 26, 2015

Last December, Thor Equities filed applications for a 71-story, nearly 353,600 square-foot mixed-use tower at 520 5th Avenue, in Midtown, and now Ceruzzi Properties has agreed to acquire the site for $325 million, according to Commercial Observer. The new owner plans to proceed with previous plans, which will feature three stories of retail, followed by 208 hotel rooms up to the 24th floor, and 145 residential units in the upper reaches of the tower.
Handel is the project’s architect, although renderings are not yet available. The site’s former six-story building was removed in 2014, and ground breaking is expected before 2016.
CO: Ceruzzi, SMI USA Buying Midtown Site From Thor for $325M
Quote:
By Lauren Elkies Schram 6/25 5:15pm

Ceruzzi Properties and Shanghai’s SMI USA are purchasing a demolished East Midtown site from Thor Equities in a $325 million deal for land and air rights, Ceruzzi head Lou Ceruzzi told Commercial Observer. The deal is under hard contract.

“We expect to build retail, hotel and residential,” Mr. Ceruzzi said about the site at 520 Fifth Avenue between West 43rd and West 44th Streets. The Handel Architects-designed 71-story building can be as big as 400,000 square feet, he noted. The buyers hope to break ground by the end of the year.

Mr. Ceruzzi clarified some of the details to CO after seeing previous reports about the sale.

The buyers are moving forward with Thor’s design for the site.

“We paid a price and that included very complete designs for the property,” Mr. Ceruzzi said. But the building will likely be slightly modified, “subject to input from the hotel company.”

A team from HFF represented Thor in the deal and Ceruzzi and SMI did not have a broker.
[...]
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Old September 21st, 2015, 03:14 AM   #46
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http://www.6sqft.com/construction-up...n-west-nypl-2/

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Old September 21st, 2015, 07:22 PM   #47
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can't wait for this to be built
walk pass it everyday for few years and no progress
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Old October 20th, 2015, 03:47 AM   #48
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Ceruzzi, SMI USA Drop Hotel Plans, Opt for Pied--Terres at 520 Fifth Avenue
http://commercialobserver.com/2015/1...-fifth-avenue/


Quote:
Ceruzzi Properties and Shanghai Municipal Investment USA have decided to include pied--terre apartments, rather than hotel rooms, on the bottom floors of their mixed-use property located at the corner of West 43rd Street and Fifth Avenue, Commercial Observer has learned.

This summer, the partners bought the building at 520 Fifth Avenue from Joseph Sitt’s Thor Equities for $325 million, as CO previously reported. Plans initially called for retail at the base, a hotel with 150 to 180 rooms above and then residential condominiums at the top, but they decided two days ago to abandon the hotel plans.

“It was a little bit of a tight site, Ceruzzi head Lou Ceruzzi told CO.

Between a loading dock, a separate lobby and elevators going to different floors, the developers would have had to relinquish part of the valuable retail space if they included a hotel component. The profitability of the project should be the same with the pied--terres, Mr. Ceruzzi said.

“The retail is just so valuable that we wanted to be able to maximize our ability to profit from that,” he said. “And also to be able to have a large continuous block of space on the first floor on Fifth Avenue, that probably would be needed in order to get a larger tenant in there on two floors. A tenant would want as much space on the first floor that they could have.”

Retail will occupy 30,000 square feet on floors one through three. Building amenities will be on floors five, six and seven. There will be 20 to 25 floors with five or six pied--terre units per floor. Above will be the more standard units.

The 71-story building will have luxury residences, Mr. Ceruzzi said. The downstairs pied--terre units will run from 600 to 1,100 square feet each and cost $2,500 to $2,800 per square foot. The upstairs larger units, ranging from 1,200 square feet to 6,000-square-foot multi-level pads, will start at $3,200 per square foot with a building average of $5,200 per square foot. The pied--terres will be one- and (small) two-bedroom units. The rest will be primarily two- and three-bedroom apartments.

Handel Architects is tweaking the building design that was included in the property sale. The biggest change will be adding an outdoor terrace for residents.
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Old October 20th, 2015, 03:49 AM   #49
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Old November 20th, 2015, 04:07 PM   #50
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Ceruzzi Hopes To Begin Construction At 520 Fifth Avenue This Fall
http://newyorkyimby.com/2015/11/ceru...this_fall.html

Quote:
BY: EVAN BINDELGLASS 6:00 AM ON NOVEMBER 20, 2015

Developer Louis Ceruzzi has already begun demolition work at his property at 520 Fifth Avenue. We now know that construction will begin before New Years on the 71-story Handel Architects-designed tower, courtesy of an interview Ceruzzi gave to the Commercial Observer. In the interview, he also gave an update on his development at 147 East 86th Street. He said there is much work to be done relating to the Second Avenue Subway project, but real work should start in March.

520 Fifth Avenue, which is being co-developed by Shanghai Municipal Investments USA, was to have a hotel as part of the mixed use tower, but will instead have pied--terre apartments.

Ceruzzi, who built himself in Connecticut as a real estate lawyer before becoming a developer, has been expanding his reach in Manhattan of late. Why did he switch from law to development? I also saw the difference in the remuneration of our clients that were in the real estate development business as compared to myself and my colleagues who were practicing law, and so I decided to make a switch, he told the Commercial Observer.
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Old March 2nd, 2016, 04:05 PM   #51
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I don't know if this/these is/are the most recent rendering(s), but it was posted over on Skyscraperpage.

Quote:
Originally Posted by hunser View Post


--------------------

520 5th Ave: possible renderings


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Old March 2nd, 2016, 05:57 PM   #52
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Huh. Looks like they mocked up a number of different designs. Both appear to be better than the close-up of the curvy glass we've seen so far, and I like the proportions of the cantilevered design quite a lot. Let's hope for some clarity soon.
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Old March 2nd, 2016, 08:56 PM   #53
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Cantilevers... cantilevers everywhere!

I like it though
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Old March 2nd, 2016, 09:05 PM   #54
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Those are both pretty good but I prefer the second one. Either is better than the initial generic glass box rendering, which is nice.
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Old March 2nd, 2016, 10:07 PM   #55
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This is the on-site rendering that has been partially revealed. We should see the full product soon enough.
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Old March 3rd, 2016, 12:19 AM   #56
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great!
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Old December 20th, 2016, 08:23 PM   #57
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First Full Look at SMI /Ceruzzi's Planned Fifth Avenue Supertower
December 20, 2016
Quote:
Things have been quiet over at the site of 520 Fifth Avenue for the past year. The prime corner lot at West 43rd Street is expected to yield a much-anticipated 71-story tower spearheaded by Ceruzzi Properties and the U.S. arm of Shanghai Municipal Investment, SMI USA. The residential-retail project was slated to break ground this past spring, but construction work hasnt occurred since the pre-existing buildings were demolished in 2014. The lot was picked up by the developers for $275 million in 2015 and has roughly 300,000 buildable square feet.Presently the lot holds a make-shift holiday market, and building permits filed by Handel Architects two years ago remain unapproved.






More photos and info in the post here.
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Old December 20th, 2016, 09:02 PM   #58
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Ugh!Ouch! *TACKY*
Hopefully those horizontal stripes won't be cladded with alubond, it looks bad enough.
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Old August 8th, 2017, 04:06 AM   #59
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The base has changed but the design is the same.

https://www.cityrealty.com/nyc/marke...h-avenue/10283

They received $200 Million in financing on July 12th.

Quote:
The building will be 71 stories altogether, with a knife-edged design by Handel Architects. Upon completion, it will be one of the tallest buildings in the area, and would offer residents views of various city landmarks.
https://www.multihousingnews.com/pos...ent-financing/
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Old August 8th, 2017, 07:13 PM   #60
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What is this huge placeholder to the north of this tower on 5th avenue? Is this the Extell assemblage?
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