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Old March 4th, 2015, 02:26 PM   #1
LondoniumLex
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NEW YORK | 335 Madison Ave | 300m | ? fl | Pro

As per the NYP... http://nypost.com/2015/03/03/vanderb...ive-new-tower/
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Last edited by desertpunk; March 5th, 2015 at 04:22 AM. Reason: don't start threads without links to article!
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Old March 4th, 2015, 02:50 PM   #2
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Just read the article in The Post. Sensational news!
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Old March 4th, 2015, 02:57 PM   #3
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Is this it?

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Old March 4th, 2015, 02:58 PM   #4
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You make a thread and cant post the article, yet you can go on your other account and comment.
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Old March 4th, 2015, 03:08 PM   #5
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That would help. Seems like 1 vanderbilt might not be the tallest in midtown south for long...

New Milstein tower in the works
http://www.crainsnewyork.com/article...r-in-the-works
Quote:
A new spire is slated for the Vanderbilt Avenue corridor near Grand Central Terminal, and it's not SL Green Realty Corp.'s controversial 1 Vanderbilt. Developer Howard Milstein plans to develop and design a much larger new tower at 335 Madison Ave., according to the New York Post.
The existing 1.1 million-square-foot office tower was actually built in 1984 by Mr. Milstein, who redeveloped the 1913-era Biltmore Hotel that his family razed before preservationists could protest. The proposed new tower will likely include a luxury hotel.
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Old March 4th, 2015, 03:24 PM   #6
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That's a huge building to demolish
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Old March 4th, 2015, 04:15 PM   #7
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Amazing! Good news.
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Old March 4th, 2015, 04:40 PM   #8
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http://nypost.com/2015/03/03/vanderb...ive-new-tower/

Vanderbilt corridor set for massive new tower

By Lois Weiss

Quote:
The Vanderbilt corridor may be getting a new tower on a site no one expected to be redeveloped so fast.

Shrewd Howard Milstein is now focusing on designing and developing a completely new modern tower at 335 Madison Ave. that would take advantage of the new Vanderbilt corridor zoning boost, The Post has learned.

To those of you who can’t make heads or tails out of taking down a 1.1 million square-foot tower from 1984 for a slightly larger one, think again.

Some sources have indicated that Milstein, harkening back to its location and history, would like to include a “high end” hotel as part of the new plans.

The 1984 tower was actually a stealthy redevelopment of the 1913-era Biltmore Hotel that the Milstein family started razing before preservationists could react.
[...]
To make his dream development happen, Milstein may try to tie up most, if not all, of the 1,224,109 million square feet of transferable development rights (TDRs) held by Andrew Penson through his ownership of Grand Central Terminal.

Penson did not return a request for comment but is known to be seething that the city allowed SL Green to use both its own TDRs and buy or create public amenities to get the other 540,000 feet “dirt cheap.”

CBRE’s uber broker, Steve Siegel, who was unaware of Milstein’s plans, said, “It’s a great site and next to SL Green’s building and will only get more valuable. It’s an incredible address.”
[...]
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Old March 4th, 2015, 05:22 PM   #9
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Quote:
Originally Posted by N.Y.C.H View Post
You make a thread and cant post the article, yet you can go on your other account and comment.
I know it's weird, but he's an avid NY advocate and provides news like this so his presence is somewhat tolerable.
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Old March 4th, 2015, 05:24 PM   #10
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Wait so is this a 1.1m sqft tower which if demolished can see an extra 1.2msqft added ontop?
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Old March 4th, 2015, 05:45 PM   #11
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Yes. With a hotel on top, this can be very tall!
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Old March 4th, 2015, 06:09 PM   #12
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This is the sort of thing what the Vanderbilt Corridor rezoning would spur! Creating new modern office stock to keep midtown east on top in the city for decades to come.

A new cluster of supertalls is on verge of forming and its exciting with One Vanderbilt leading the way with 335 Madison Avenue and 341 Madison Avenue to follow.

Location is prime with Grand Central and the formation of a new pedestrian boulevard on Vanderbilt Avenue that would compete with the experience that would be provided at the Hudson Yards.

They have the chance to plan this correctly with the corridor. I really hope they extend the pedestrian plaza up to 45th street allowing no cars outfitted with fountains, art work and seating etc.










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Last edited by Vertical_Gotham; March 4th, 2015 at 06:15 PM.
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Old March 4th, 2015, 07:41 PM   #13
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Midtown Manhattan is being catapulted into the 21st century with this incredible boom. It is truly unprecedented in first-world skyscraper history!

FUTURE MONSTERS OF MIDTOWN
One Vanderbilt
335 Madison Avenue
Roosevelt Hotel
MTA HQs
The Grand Hyatt
721 7th Avenue
740 8th Avenue
148 West 48th Street
1656 Broadway
1710 Broadway
650 Madison Avenue
Steinway
Nordstrom
Torre Verre
220 CPS
520 Park
425 Park
252 East 57th
100 East 53rd Street
American Bible Society site
Bloomingdales site
Roseland
Park Lane
Rizzoli

That's just off the top of my head!

PLUS, you have to consider we have Downtown being built at an incredible pace AND a new business district being created from scratch.

The world capital amazes me.
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Old March 4th, 2015, 08:50 PM   #14
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Holy crapola. So we're talking about a tower with potentially double the square footage of One Vanderbilt ... on an identically sized plot ... and including a hotel?

I understand that a direct comparison to Vandy is tough because it's very tall for a 1.2M sq. ft. tower, but given what we know, is it absolutely insane to think this could be in the 1700-2000 ft. range?
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Old March 4th, 2015, 08:55 PM   #15
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Quote:
Originally Posted by The Lion View Post
Midtown Manhattan is being catapulted into the 21st century with this incredible boom. It is truly unprecedented in first-world skyscraper history!

[...]
PLUS, you have to consider we have Downtown being built at an incredible pace AND a new business district being created from scratch.

The world capital amazes me.
The future is bright (and tall)
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Old March 4th, 2015, 09:42 PM   #16
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There is a good chance that this tower will be a very large and fat box of unremarkable height. Just before people get carried away dreaming about a tower much taller than its neighbor, you must remember that Vanderbilt has a showy spire and is not built to maximize floor area in the most cost efficient manner possible. Furthermore, this is the schmuck that demolished the old luxury hotel in the 1980's for that piece of crap and it is thus unlikely has any measurable interest in design or height.

I of course believe that Vanderbilt will not be topped as the agreement is for Vanderbilt to be the signature spire/tower design of the rezoning. A tower taller and right beside it would look poor. I assume the new tower will be a conservative design as to not overshadow the new king next door.

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Old March 4th, 2015, 09:53 PM   #17
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Three Supertalls here would pretty cool. 1 Vanderbilt, 335 Madison Ave and 347 Madison Ave, but I'd be pissed off if they tear down the Roosevelt Hotel.

The last of the grand Hotels that were at one time all over this area. The Biltmore, 335 Mad, was stripped down to it's frame by Milstein and reconfigured into an office building back in the '80's even though it was landmarked.

I'm sure everyone sees another opportunity for a supertall at the Roosevelt, but to me that's a mistake.. this isn't some nondescript post war building in the area.. it's the last of the grand hotels and should be left untouched. While your at it, the Commodore should be bought back to it's former glory and Trump smacked around a bit for what he did to that building.
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Old March 4th, 2015, 09:57 PM   #18
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Quote:
Originally Posted by City-of-Platinum View Post
There is a good chance that this tower will be a very large and fat box of unremarkable height. Just before people get carried away dreaming about a tower much taller than its neighbor...
Then there is no reason for the developer to take advantage of the Vanderbilt Corridor rezoning if they don't intend to build tall. They might as well just start razing the sucker and build now.
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Old March 4th, 2015, 10:05 PM   #19
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I agree about the Roosevelt... refurbish it and don't mess with tearing it down. The others? Bring em on!!!!!!! Within a couple of years, we can be off to an awesome start with at least couple of new towers getting ready to rise ... and don't forget the awesomeness of the smaller but still amazing reworked 425 Park!
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Old March 4th, 2015, 10:28 PM   #20
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Quote:
Originally Posted by TonyNYC View Post
I'm sure everyone sees another opportunity for a supertall at the Roosevelt, but to me that's a mistake..
Do you know whether the rezoning would allow the Roosevelt to transfer its air/development rights to another tower with the new FAR bonuses?
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