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Old November 18th, 2014, 06:37 PM   #1
Vertical_Gotham
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NEW YORK | 131-141 East 47th Street | Pro




Extell Nears $80M Sale of East 47th Street Site
http://commercialobserver.com/2014/1...h-street-site/

Quote:
Gary Barnett‘s Extell Development is close to selling off a four-building site with 128,034 buildable square feet for around $80 million, Commercial Observer has learned.

The four contiguous buildings at 131-141 East 47th Street between Third and Lexington Avenues have a combined $80 million asking price, according to the Massey Knakal Realty Services marketing materials. The site includes an 11-story parking garage and three, four-story mixed-use walkup buildings. It is a ground-up mixed-use development site, which has garnered interest from hotel as well as residential developers, according to Massey Knakal’s Robert Knakal, who is marketing the property with colleagues Clint Olsen, Jonathan Hageman, Ax Hayssen and Patrick Yannotta. Mr. Knakal expects to have a contract signed soon.

Sources with intimate knowledge of the deal said the asking price had been $81 million before being revised to $80 million.
While Mr. Knakal declined to cite the asking price, he said he expects to sell the site for “around the asking price.”

Extell bought the parking facility at 131-135 East 47th Street along with another one at 332 West 44th Street from Central Parking Corporation in January 2012 for $39 million. And he bought 139 East 47th Street for $5.5 million in May 2012, 137 East 47th Street for $8 million in May 2013 and 141 East 47th Street in October 2013 for $9 million, all from different sellers, property records indicate.

The entire site will be delivered vacant.


Massey Knakal:
http://www.masseyknakal.com/listingi...et_-_Setup.pdf




This definitely has Skyscraper status potential.
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Old December 2nd, 2014, 11:46 PM   #2
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Extell to sell Midtown assemblage for north of $80M Properties along West 47th Street offer a total of 128K buildable square feet
http://therealdeal.com/blog/2014/12/....SL6q6R0m.dpuf

Quote:
Gary Barnett’s Extell Development is in contract to sell four contiguous properties in Midtown to an unnamed Chinese developer for more than $80 million.

The buildings at 131-141 East 47th Street, between Lexington and Third avenues, offer a total of 128,000 buildable square feet. An 11-story parking garage, along with three walk-up buildings that are each four stories tall, occupy the site.

The properties were on the market for $80 million. Bob Knakal, Clint Olsen and Jonathan Hageman of Massey Knakal Realty Services marketed the site.
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Old February 18th, 2015, 06:38 PM   #3
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As per Yimby today.
Revealed: 131-141 East 47th Street, ...o Midtown East
http://newyorkyimby.com/2015/02/reve...town-east.html

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Old June 8th, 2015, 08:10 PM   #4
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NYYimby has the full render reveal, courtesy of New Empire Real Estate:

Quote:
...the structure will now be entirely residential, with luxury condominiums instead of a mix of uses. The renderings show a soaring lobby with generous ceiling heights above, and the building will have 138 units spanning 168,178 square feet, for an average of over 1,200 square feet per condo. 50 parking spaces will also be included.




Quote:
While permits have not yet been filed with the Department of Buildings, it seems likely the structure would stand between 600 and 700 feet tall. This is quickly becoming a new dominant typology for residential skyscrapers in Midtown and Midtown South, and while price-points are certainly high, they are far below the dollars commanded by the new 57th Street buildings.
Quote:
The architect for 131-141 East 47th Street has not been disclosed, but it will certainly be rather tall and very glassy, just like the similarly sized buildings rising elsewhere on Midtown’s periphery. New Empire’s website states that they use Building Consulting Engineers, PLLC to design their projects, though 141 East 47th is not listed in the current portfolio.

For the moment, the project has no confirmed completion date, and demolition permits for the existing parking garage have not yet been filed.
I quite like this design. Clean and slender. But the lack of a mixed-use component, and the breaking up of the street wall are disappointing.
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Old June 16th, 2015, 11:33 PM   #5
Eric Offereins
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Tall and slender. This should be well over 150 meter.
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Old March 31st, 2016, 12:34 AM   #6
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New Empire Real Estate files plans for 49-story Midtown East condo
http://therealdeal.com/2016/03/30/ne...wn-east-condo/

Updated rendering


Quote:
Bentley Zhao’s New Empire Real Estate Development filed plans for its 49-story condominium tower at 131-141 East 47th Street in Midtown East.

The residential building will span over 151,000 square feet and include 122 apartments, according to a permit application filed with the Department of Buildings on Wednesday.
Three apartments will be on each of the second through 12th floors and the 14th through 35th floors. Two apartments will be on each of the 37th through 47th floors, and the 48th floor will house one unit, the filing shows. Last year, the developer initially sought to construct 138 apartments on the site.

The tower will feature a gym, kids room, tenant lounge, outdoor recreation and a sunken garden, according to the filing.
SLCE Architects is serving as the project’s architect.
Sunset Park-based New Empire Real Estate has developed condo buildings and hotels in Brooklyn and Manhattan, including a seven-story building at 409 West 45th Street in Hell’s Kitchen, according to its website.
Neither New Empire Real Estate nor SLCE were immediately available for comment.

Last edited by Ghostface79; March 31st, 2016 at 05:38 PM.
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Old April 1st, 2016, 08:21 PM   #7
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Welp. They value engineered the base, the one memorable thing about this building.
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Old April 18th, 2016, 06:14 PM   #8
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New Look: 122-Unit Residential Tower At 131 East 47th Street, Midtown East
NewYorkYimby











All pictures by: SLCE Architects

Full article
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Old April 18th, 2016, 06:16 PM   #9
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Why the hell do so many towers need to have an ugly blank wall on their back? Why donīt developers put at least some effort into their towers in each POV? So frustrated about this.
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Old April 18th, 2016, 08:57 PM   #10
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It looks like they didn't put effort into any point of view, to be honest.
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Old April 18th, 2016, 09:19 PM   #11
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You are on spot, the previous one had style and elegance. Pity that the good designs get rejected.
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Old April 19th, 2016, 12:55 AM   #12
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Too bad it's so thin the elevators are on one side. These walls always look worse in real life.
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Old October 6th, 2016, 08:19 PM   #13
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Moving along :

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