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Old April 16th, 2015, 06:27 AM   #41
LondoniumLex
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Old April 30th, 2015, 05:37 PM   #42
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http://www.wsj.com/articles/chinas-f...91566210612655

An artist's impression of the planned 47-story residential tower at 126 Madison Avenue, Manhattan, New York City. PHOTO: FOSUN GROUP
By ESTHER FUNG
April 29, 2015 9:08 p.m. ET


SHANGHAI—Chinese conglomerate Fosun Group said Thursday it is planning to develop a luxury condominium in Manhattan, its second real estate foray in New York City as it ramps up its overseas expansion plans and diversifies its global real estate holdings.

The Shanghai-based firm said in an emailed statement its unit Fosun Property will co-develop a 47-story residential tower at 126 Madison Avenue with JD Carlisle LLC. Fosun didn't provide financial details of the investment in New York.

Fosun said the residential tower, currently in the design and planning stage, will attract local and international buyers. “Fosun is confident that this property will be viewed internationally as another iconic New York City tower,” said Alex Gong, executive president of Fosun Property.

In 2013, Fosun Group bought One Chase Manhattan Plaza in downtown Manhattan for $725 million from J.P. Morgan Chase & Co., and renamed the 60-story tower 28 Liberty.

Apart from New York, Fosun Property has been acquiring real-estate assets and property-management platforms abroad in recent years, including asset management firm IDERA in Japan, and office buildings in London, Sydney, Tokyo and Lisbon. Its latest office tower acquisition was 73 Miller Street in Sydney.

Fosun is also joining with Australia’s EG Funds Management on three development projects valued at 650 million Australian dollars (US$520.59 million).

Write to Esther Fung at [email protected]
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Old April 30th, 2015, 05:41 PM   #43
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Lex, is this also known as 126 Madison that Fosun is co-developing?
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Old April 30th, 2015, 05:56 PM   #44
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Quote:
Originally Posted by The Lion View Post
Lex, is this also known as 126 Madison that Fosun is co-developing?
Yes. The developer acquired 126 Mad. I've been predicting all along that the tower would have a Mad Ave address.
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Old April 30th, 2015, 06:17 PM   #45
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Huh, looks good from what we can see. Need to really wait for a render of the full tower to say it's great definitively. The shape of the roof and upper setbacks remind me a lot of CTF Guangzhou (albeit MUCH shorter) which is one of my favorites, and a design I've always wanted to see in NYC.

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Old April 30th, 2015, 06:28 PM   #46
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Hopefully, the 825' figure filed with the DOB does not include the crown, and maybe this will break 900'!
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Old April 30th, 2015, 07:19 PM   #47
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Like what I see so far. I think this will be magnificent.
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Old May 1st, 2015, 12:12 AM   #48
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That is a nice tower! Re: CTF Guangzhou
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Old May 1st, 2015, 12:51 AM   #49
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I hope that, at a minimum, the developer acquires the POS at 128 Madison, which contains the filthy "Tasty" Café. That "café" uses 126 Madison, which the developer currently owns, for storage. It would be great if the developer acquires 130 Madison too, which houses Bella Napoli.

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Old May 1st, 2015, 02:04 AM   #50
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126 Madison must be Lot 63.

I wonder if the actual structure will extend to 31st St at the base or if there will be a courtyard with a set back entrance at 31st. This diagram suggests the latter.

Also, the rendering of the building shows that the upper tower portion is clearly set back from 31st, though obviously, we can't ascertain anything about the lower portion or the street-level base.

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Old May 1st, 2015, 04:26 AM   #51
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Quote:
Originally Posted by LondoniumLex View Post
It appears that this perspective looks at the tower from the north. Although the 30th St frontage is small, the 31st St frontage is even smaller. This tower seems to have a flat squarish backside on 30th St., and a thinner, wedge-shaped front on 31st St.

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Old May 1st, 2015, 02:38 PM   #52
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Nice to see this have some sort of crown/ornamentation. Hoping the other towers in the area follow the path laid by this and the 800 footer rising on 22nd St.
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Old May 1st, 2015, 03:03 PM   #53
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I agree
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Old May 1st, 2015, 05:30 PM   #54
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NYC Department of Buildings Application Details Premises: 15 EAST 30 STREET MANHATTAN Job No: 140254356 BIN: Forms Received ) Yes No For New Building and Alteration 1 applications filed under the 2008 or 2014 NYC Building Code only: does this building qualify for high-rise designation? Directive 14 applications only: I certify that the construction documents submitted and all construction documents related to this application do not require a new or amended Certificate of Occupancy as there is no change in use, exits, or occupancy. 26 Owner's Information Name: EVAN STEIN Relationship to Owner: MANAGER Business Name: MADISON 30 31 LLC Business Phone: 212-481-8200 Business Address: 352 PARK AVENUE SOUTH NEW YORK NY 10010 Business Fax: E-Mail: [email protected] Owner Type: PARTNERSHIP Non Profit: Yes No Yes No Owner's Certification Regarding Occupied Housing (Remain Occupied) Owner's Certification Regarding Occupied Housing (Rent Control / Stabilization) Owner DHCR Notification Owner's Certification for Adult Establishment Owner's Certification for Directive 14 (if applicable) Metes and Bounds

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Old May 1st, 2015, 06:31 PM   #55
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I like THIS design, too! It has a nice, contemporary, profile that's enhanced by it's sheer height.
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Old May 2nd, 2015, 01:36 AM   #56
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Love the design, the angles and setbacks on the upper floors really drive this and in a very positive way!
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Old May 26th, 2015, 08:25 PM   #57
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Revealed: 126 Madison Avenue, aka 15 East 30th Street, 730-Foot Condomium Tower
http://newyorkyimby.com/2015/05/reve...ium-tower.html



Quote:
Back in late April the Wall Street Journal posted a sliver of the rendering for 126 Madison Avenue, a 47-story residential tower which is being developed by Fosun Property and JD Carlisle at the northern edge of NoMad, on the east side of 30th Street and Fifth Avenue. Now, YIMBY has the full image for the skyscraper, as well as another perspective, giving a much better idea of the 730-foot project’s eventual impact on the Midtown South skyline.

DOB permits for the building were first filed back in September, but have subsequently been amended for a slightly shorter building. The initial height of 825 feet has seen an apparent 95-foot downward revision, but even with the loss, the building will be one of the tallest residential structures in Manhattan.

Handel Architects is designing 126 Madison Avenue, and the facade will be glassy and sleek, with an angular roof capping the project. The building will also be very slender, and the site’s zoning diagram better illustrates the configuration of the tower and base. The structure will have 180 condominiums with a total area of approximately 350,000 square feet, and was originally filed under the address 15 East 30th Street.

Read more in link
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Old May 26th, 2015, 08:42 PM   #58
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It looks very nice, but the height reduction sucks.
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Old May 28th, 2015, 03:10 AM   #59
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I agree, ESB needs taller company. I like the building a lot though
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Old May 28th, 2015, 04:09 AM   #60
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I agree on both counts! Hopefully 15 Penn to start can give the ESB some company.
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