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Old January 13th, 2015, 07:43 AM   #41
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^ I thought that was the Trump, and yes Wanda knows how to make buildings.
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Old January 13th, 2015, 08:06 PM   #42
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Hot market for building sites draws crowd

Four development properties, where towers as high as 1,000 feet can be built, have hit the market in recent days. All told, the sale price may top $1.1 billion.


Inspired by the growing number of properties fetching upward of $1,000 per square foot in recent months, a growing number of landowners are putting their own holdings on the block. Four big development sites have hit the market, where they will likely bring record sums together totaling more than $1.1 billion.
C&K Properties, meanwhile, the real estate investment outfit operated by Meir Cohen and Ben Korman, has put 1710 Broadway on the market. The site, on the corner of West 54th Street, can accommodate a tower as high as 1,000 feet.

Whatever is eventually built will likely be a blend among retail, hotel and residential. That site is likely to sell for $1,000 or more per foot, or $380 million-plus, given that it allows about 380,000 square feet of development. The property is currently home to a six-story building built 97 years ago. Its tenants include Bad Boy Entertainment, the record label founded by former rapper Sean Combs.

Brokerage company Jones Lang LaSalle is marketing the building. Mr. Cohen and Mr. Korman recently secured additional air rights to bring the site up to its current size potential.

Down the road, the property could become the site for a test run of a new business JLL plans to launch here. The publicly traded company, the world’s second biggest real estate services company behind only CBRE Group, plans to break into residential brokerage by bringing buyers from the Far East to New York City condo projects. JLL already provides that service to property developers in London.

Ron Cohen, a broker at JLL who is leading the sales effort for 1710 Broadway, said the service would market properties to Asian buyers via JLL’s network of offices in that area of the world as well as advise New York City developers on what types of projects to build in order to cater to those Asian consumers. Mr. Cohen said that he is advising whoever buys 1710 Broadway to raise a spire with a collection of smaller apartments, including studios and one and two bedrooms.

"There are a lot of buyers in Asia who are looking to spend $4 million to $5 million on an apartment," Mr. Cohen said. "In recent years, developers have focused on building bigger apartments—three bedrooms and more—that cost well in excess of that. There’s a hole in the market right now and a strong demand for these smaller apartments."

The buyers would acquire multimillion-dollar apartments unseen based on presentations and marketing materials prepared by JLL.

Hudson Yards mega development Map: June 2015
(click again once inside to enlarge the map)

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Old January 14th, 2015, 08:28 PM   #43
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Originally Posted by WI_1982 View Post
Looks good!

It seems a new NYC supertall is revealed every few days lately. NYC will be the world capital of supertalls.
It's hard to beat Dubai. Dubai is still at the top and will be this in the future too.
There are also many supertalls, which came out in Dubai, so it will be a hard game for NY.

The towers looks ok. Nothing special, but it is not ugly!
''There are 360 degrees, so why stick to one?'' - RIP Zaha Hadid
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Old December 18th, 2015, 11:13 PM   #44
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Developers Plan 60-Story Hotel-Condo Tower At 1710 Broadway, Midtown

December 18, 2015

In late 2014, YIMBY brought you conceptual renderings of the possible mixed-use tower that could rise at 1710 Broadway, between West 54th and 55th Street in Midtown, and now Extell Development is teaming up with C&K Properties to build a 60-story condo-hotel tower. Extell paid roughly $247 million for a 39 percent stake in the project, according to The Real Deal. Retail space will likely be included in the planned tower, which could be as large as 370,000 square feet, although additional air rights may be used which would increase the project’s size. A six-story, 83,000 square-foot office building must first be demolished.

Owners compelled to sell

Three rare building sites hit the market as sales top record sums.


Manhattan condo builders, who are driving the land boom, would have to sell at nosebleed prices to recoup their investment. A 1,000-square-foot apartment, for instance, would have to fetch $3 million or more to break even. Builders would have to sell units for even more just to make a "basic return," said Michael Shvo, a developer with a handful of luxury projects in Manhattan.

The three sites that hit the market last week let developers build tall. The owner of one, 1710 Broadway, previously envisioned a nearly 1,000-foot spire on the site, at the north end of Times Square. Another, 520 Fifth Ave., can accommodate a building of similar proportions, while 200 Amsterdam Ave. allows for the tallest tower on the Upper West Side, 601 feet, where a boarded-up synagogue now stands.

Unless there's an extraordinary spire or floor height configuration (unlikely at this location) this one will be a skyscraper.
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Old December 18th, 2015, 11:24 PM   #45
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Extell closes on $247M purchase of stake in 1710 Broadway

Gary Barnett’s Extell Development closed on the purchase of a 39 percent stake in C&K Properties’ Midtown development site at 1710 Broadway for about $247 million, making way for a 60-story condominium-hotel tower. Extell had agreed to team up with C&K to redevelop the site at West 54th Street, which offers 370,000 buildable square feet, as The Real Deal reported in August. The deal includes air rights divided across a total of six parcels. Some of the air rights can be transferred to Extell’s 29-story project at 54th Street and Seventh Avenue, thus making the price per buildable square foot unclear. Plans call for C&K and Extell to construct a 60-story condo-hotel with possible ground-floor retail, the New York Post reported in November. First, the developers would demolish the existing six-story, 83,000-square-foot office building, which is home to Sean Combs’ Bad Boy Entertainment among other tenants. Each of the air rights contracts closed, in addition to the stake in the building itself, sources told TRD.

- See more at: http://therealdeal.com/blog/2015/12/....iOfNnGbh.dpuf
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Old December 19th, 2015, 01:42 PM   #46
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From 80 floors down to 60.
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Old June 21st, 2017, 09:30 AM   #47
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The building is still there, although there was some recent interior demolition via buckets.
If I don't say otherwise, all of my images are on my blog,

186 Newark, NJ Development projects MAPPED

See my DeviantArt account at http://towerpower123.deviantart.com/

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Old June 22nd, 2017, 01:25 AM   #48
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Always an encouraging sign when the ground floor retail is boarded up. Nice updates all around.
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Old November 9th, 2017, 08:17 PM   #49
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Any updates on this one?
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Old November 9th, 2017, 08:29 PM   #50
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the Manhattan real estate game is a long term one. Gary might be planning something bigger, or he's working on ensuring his investment here is protected from future rival development

from January:

Extell closes in on buying famed Carnegie Deli’s former home

Extell is buying the former Carnegie Deli building at 854 Seventh Ave.
Barnett already controls two sites on the block bounded by Broadway and Seventh Avenue and by West 54th and 55th streets. He plans a 60-story hotel-condo project at now-empty 1710 Broadway. He also owns an assemblage that includes 842-846 Seventh Ave. at the blockfront’s south corner, although an insider said that previously reported plans for a 29-story apartment building there are “dormant — they’re not doing anything right now.”

It wasn’t immediately known what, if anything, Barnett plans to do with No. 854
Extell doesn’t own either of the buildings that sandwich the deli site, Nos. 850 and 856 Seventh Ave.
Barnett might have his eye on one day buying them to create a third assemblage on the block.
Or he could keep the Carnegie site off the market to prevent another developer from putting up a building that would block views from Barnett’s new tower at 1710 Broadway.
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1710 broadway, midtown, new york, nyc

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