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Old December 30th, 2016, 05:27 AM   #61
sbarn
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I'd love to see this tower get built, however I wish it would rise to a height closer to 900 - 1000 ft.
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Old April 8th, 2017, 02:46 AM   #62
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Gamma Closes on $86M Purchase of 3 Sutton Place, Taps Juul-Hansen as Architect for Tower
https://commercialobserver.com/2017/...e-condo-tower/

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After triumphing in court and winning a foreclosure auction, Gamma Real Estate has closed on the $86 million acquisition of a development site at 3 Sutton Place, where it plans to build a 700-foot-tall condominium tower designed by Thomas Juul-Hansen.

Public records show that the assemblage includes three contiguous lots at 428-432 East 58th Street between First Avenue and Sutton Place. The filing of the deed is the final step in a year-long saga over the site, which has been locked in a legal battle between Joseph Beninati’s Bauhouse Group and N. Richard Kalikow’s Gamma Real Estate. A bankruptcy court order was filed with the city’s Department of Finance yesterday, coinciding with the deed.

Gamma paid $86 million for the properties and $12 million for additional air rights in a foreclosure auction last December, The Real Deal reported at the time. Two weeks later, the firm filed plans for a 67-story, 389-unit condo building. Over the past couple months, it has finished demolishing three tenement buildings that occupied the site.


While the initial filings called for an 844-foot-tall building, Gamma President Jonathan Kalikow said the new tower will rise 700 feet. Stephen B Jacobs Group is the executive architect, but Gamma has tapped Danish-born architect Thomas Juul-Hansen to design the skyscraper, Kalikow told Commercial Observer.

Bauhouse Group had hoped to build a boxy, 1,000-foot-tall skyscraper designed by Norman Foster. The design and height inspired neighbors to organize against the development and try to secure a rezoning to prevent it from being built.

“We want to add to the architecture and rich legacy of Sutton,” Kalikow said. “Our plan, different from the prior owner’s, will certainly conform to the Sutton look and feel. The entire look and feel of the building, we want it to be contextual to the neighborhood. We don’t think the previous developer cared about whether it was contextual; he just wanted to build something eye-catching.”
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Old April 8th, 2017, 03:23 AM   #63
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Quote:
Originally Posted by Ghostface79 View Post
Gamma Closes on $86M Purchase of 3 Sutton Place, Taps Juul-Hansen as Architect for Tower
https://commercialobserver.com/2017/...e-condo-tower/
Good news that this business finally seems to be more or less settled. I didn't think the 900-footer was too ridiculous, but hey, I don't live there so it's not really for me to say and surely a 700 foot tower is more contextual than the Bauhaus proposal.

Looking forward to seeing Juul-Hansen's design. I would love to see a 700-footer in the vein of his 210 W. 77th condo building...



...only perhaps, as a nod to the classic Sutton Place towers, clad in red brick?
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Old May 26th, 2017, 09:25 PM   #64
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Gamma Races Ahead with Construction of Controversial Sutton Place Tower
May 26, 2017
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The race is on to complete the foundation of Gamma Real Estate’s condo tower slated for the tranquil enclave of Sutton Place. After prevailing in court and capturing the site in a foreclosure auction from Bauhouse Group, Gamma has wasted no time moving ahead with their plans. Per the Commercial Observer, the Richard Kalikow-led real estate firm closed on the site in April for $86 million. Days after securing the lot, building permits were filed for a 67-story tower —and more recently— construction equipment has moved onto the site to begin excavation work.






More info on the project & detailed zoning diagrams HERE.
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3 sutton place, 428-432 e. 58th st., midtown east, new york, ues

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