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Old May 17th, 2012, 06:09 AM   #2021
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I know buildings under a few hundred feet never get much attention on this site especially in New York, but I love 10 Bond and the Morris Adjmi building directly to the north of it. Maybe it's because the current site is such a POS, but that will be a fantastic addition to the area and blends right in.
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Old May 17th, 2012, 06:29 AM   #2022
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All the development and projects going on in New York is just incredible when you think of everything as a whole... just the last few pages of updates has my head spinning!!
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Old May 18th, 2012, 07:51 AM   #2023
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One World Trade Nearing Topping Out:





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Old May 18th, 2012, 07:59 AM   #2024
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NY Observer

Quote:
Citi Field’s Suicide Squeeze! Redone Willets Point Will Bracket Stadium With Malls



It may be a strike for the mayor, but Steve Ross and Fred Wilpon have scored big time with the latest Willets Point do-over.

It was revealed earlier this month that after a year of weighing competing proposals, the city had selected the Related Companies and Sterling Equities to redevelop the Iron Triangle, albeit in vastly revised form. Housing and other development would be put off in favor of a large mall.

Make that two malls, surrounding the new-ish throwback stadium, a veritable retail double play.

According to both The Times and The Journal, before much gets built in Willets Point, the 62-acre swath of chop shops and heavy industries just east of Citi Field, a mall will be built on the west side, on the site of the current Mets parking lots. Per The Journal:

Quote:
The first step for the developers would be to take on a costly 20-acre environmental cleanup and build the new parking lots for the stadium [on the Willets Point side to the east], the people said. They would also be required to build a hotel and a small amount of retail just to the east of Citi Field.

Then they would be able to build more than 800,000 square feet of retail on the parking lots to the west of the stadium. Only then would construction begin of the new neighborhood first envisioned by the Bloomberg administration, with the construction of the 400 apartments and 680,000 square feet of retail. That aspect of the project could grow, the people said.
The Times said the cleanup could cost more than $40 million, but also notes that the added development is seen as a positive, not a negative, to the plan.

"According to the executives, Related Companies joined forces with Sterling Equities to come up with a new proposal that embraced Citi Field. Proponents argue that the city will get what it had always planned at Willets Point, but the timeline and sequencing will be different."

How long it will take for any of this to ever be built is an open question, though there is said to be a $35 million penalty if no housing is completed by 2025. How much housing, beyond the initial 400 units planned, remains to be seen. All four developers reportedly argued that the project, with 5,500 units, a third of which were meant to be affordable, is too complex to complete as originally planned.


The original plan, going nowhere fast. (NYC EDC)

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Old May 18th, 2012, 08:01 AM   #2025
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A high-end Gramercy Park condo development nearly written off for dead has sold out in just a few months. Another sign that the NYC condo market is returning to vibrancy:

57 Irving Sells Out


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Quote:
The long-stalled boutique condo 57 Irving Place is now sold out, after re-starting sales in November, the project’s developer told The Real Deal. Sales at the nine-unit Gramercy Park building originally started in 2010, but stalled later that year due to the collapse of the original lender for the project, according to developer Robert Gladstone.

But the modern,10-story building re-launched sales last November, and business has been brisk since then, according to Corcoran Sunshine’s Marie-Claire Gladstone, the wife of the developer, who handled sales at the building along with Elaine Diratz and Norma-Jean Callahan.

Most of the units sold without ever hitting the market, she said.
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Old May 19th, 2012, 03:05 AM   #2026
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DOB Issues Permit For City's Tallest Residential Tower



Quote:
The 84-story tower at 440 Park Avenue will be NYC’s loftiest

The New York City Department of Buildings has issued a permit for the construction of a new, 84-story residential building, slated to be the city’s tallest, at the 440 Park Avenue site where CIM Group and Macklowe Properties plan to build condominiums, the DOB confirmed today. The permit, for a 1,300-foot-tall residential tower at the site of the former Drake Hotel, was issued earlier this month.

The application for the site, at 56th Street, was filed last May, the DOB said. If construction proceeds as planned, the tower, which will offer retail as well as the ultra-luxury apartments and will be designed by SLCE Architects, will reach 1,398 feet in 2016. That heights tops One57, which will become the city’s tallest residential tower when it is completed later this year.

CIM and Harry Macklowe — who has no equity in the project but is involved — plan to erect a mixed-use complex designed by Rafael Vinoly. With 128 residential units and 12-foot high ceilings, the project is expected to cost $1 billion, according to previous reports. The permit means that the ambitious project — which is slated to include golf training facilities and private dining and screening rooms — can move forward.

But the 440 Park Avenue site may not be the city’s tallest for long. The GiraSole tower proposed for 11th Avenue could rise to a similar height when it is completed. The project has been stalled for years, after initial reports said the tower, which architects hope to design as essentially a huge solar panel, would be completed by 2011.

CIM, a Los Angeles-based private equity firm which acquired the Drake Hotel site for $305 million in 2010, has said it is confident that it will get the $700 million construction loan it needs to complete the project, according to previous reports. Calls to CIM’s representatives were not returned.
Could the GiraSole rise over 1,400 ft.?
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Old May 19th, 2012, 03:11 AM   #2027
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JDS Purchase From Starwood To Result In 50 Story Tower

Quote:
JDS Development Group, the company behind the recent conversion of the Ralph Walker-designed Verizon building on West 18th Street, has purchased a majority interest in a development site formerly owned by Starwood Capital at 105 West 57th Street for $40 million, the company told The Real Deal today.

The firm is planning to break ground on a new 100,000-square-foot, mixed-use retail and luxury residential project in the spring or early summer, a spokesperson for JDS said. The project, which will rise to over 50 stories between Sixth and Seventh avenues, will feature condominium units as well as a significant retail component, the spokesperson said.
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Old May 19th, 2012, 03:21 AM   #2028
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Developers Vie For Tallest Designation Next To Residential Towers


From left: a rendering of 432 Park Avenue, 1214 Fifth Avenue rendering, 8 Spruce Street and One57 rendering


Quote:
New York City has entered the age of a residential arms race, where developers continue to try top each other, literally, in the height of their developments, according to the New York Times. By 2016 the city could have six of the country’s 10 tallest towers and three of its highest residential buildings.

Last year, 8 Spruce Street became the country’s tallest rental tower. (The Times noted that architect Frank Gehry urged developer Forest City Ratner to build a few feet short of Trump World Tower so as not to draw The Donald’s ire.)

Meanwhile, Extell Development’s One57 just broke a Manhattan sales record on its way to 1,004 feet in height, which will make it the tallest residential tower in Manhattan. But it won’t hold that title for long. The residential structure CIM Group and Harry Macklowe plan for 432 Park Avenue is slated to reach 1,398 feet in 2016, and even later, the GiraSole tower proposed for 11th Avenue could rise to a similar height.

In the short-term, a Related Companies rental tower scheduled to open June 15 is staking claim to the “tallest residential building on the Upper East Side” title, as it rises 53 stories on 1214 Fifth Avenue, which is actually in Harlem. At 513 feet, it will be the 183rd tallest building in the city.
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Old May 19th, 2012, 03:27 AM   #2029
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TRD

Quote:
One57 penthouse sells for more than $90M, breaks price record



Gary Barnett has set a new record for a New York apartment sales price with the deal for a penthouse apartment at his One57. According to the New York Times, an undisclosed but recognizable buyer has signed a contract, worth between $90 million and $100 million, for the 10,923-square-foot penthouse on the 89th and 90th floors of the forthcoming building.

The price breaks the record set earlier this year when Dmitri Rybolovlev paid $88 million for a penthouse at 15 Central Park West, but still pales in comparison to the more than $13,000 he paid per square-foot.

The buyer agreed to the purchase more than three months ago, before the “bargain” asking price was raised to $115 million from $98.5 million. Barnett said he nearly broke the $100 million barrier with a buyer who was looking at combining the 13,000-square-foot “Winter Garden” duplex unit with another full-floor for a price between $100 million and $150 million. But that deal fell through.

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Old May 19th, 2012, 03:41 AM   #2030
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John Jay Law School Tops Out At 65 Fifth




Both photos: Curbed
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Old May 19th, 2012, 03:49 AM   #2031
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Third tower!

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Quote:
Brookfield affirms Far West Side’s residential appeal


Phil Wharton

The Far West Side earned the latest confirmation of its potential as a residential neighborhood when office developer Brookfield Office Properties recently said it was considering adding 900 apartments to its Manhattan West project, according to the New York Post. The area already has thousands of new rental units from developers such as TF Cornerstone, Glenwood Management and the Related Companies, and has thousands more on the way from those developers, the Gotham Organization and Iliad Development.

But the office landlord’s decision to enter residential development with a tower in that particularly area affirms its appeal. Brokers say many renters covet the Far West Side for its plethora of new buildings and the amenities they offer.

However, the neighborhood still lacks many of the basic retailers that New Yorkers crave — although fancy restaurants, including another outpost of Brooklyn Fare, are on the way.

“There are signs of life; there are buildings that have been completed,” said Sherwood Equities CEO Jeff Katz, who is planning a development at 360 10th Avenue. “But it’s really not even a drop in the bucket compared to what is going to happen.”

Recognizing that potential was key to Brookfield’s decision to consider residential units for the development site, Philip Wharton, the former AvalonBay executive that Brookfield hired to boost its residential development team, told GlobeSt.com.

“There are parts of the site that lend themselves better to multi-family,” he said. “They are a little more secluded and we also think the proximity to the High Line is a nice alternative.”

[...]
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Old May 20th, 2012, 12:12 AM   #2032
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HOK win in New York

After winning a global design ideas competition, HOK has been selected to design the new University at Buffalo (UB) School of Medicine and Biomedical Sciences on its downtown campus in New York. Located at the centre of the region’s emerging bio-sciences corridor, this new transit-orientated medical school development will anchor a lively, urban mixed-use district on campus and bring 1,200 students, faculty and staff downtown. http://www.worldarchitecturenews.com...pload_id=19807







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Old May 20th, 2012, 01:26 AM   #2033
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Buffalo is not NYC. But it looks nice.
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Old May 20th, 2012, 01:26 AM   #2034
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World Trade Center Vehicle Security Center moving along:

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IMG_1635 by pbellamy1, on Flickr
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Old May 20th, 2012, 11:07 PM   #2035
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1,500 feet?

New York YIMBY

Quote:
Rumor Mill: Could The GiraSole Rival 432 Park Avenue?



Most news regarding supertall residential development has been focused on the northern end of Midtown, which is high-end enough to attract residents and investors with millions to spend on real estate. That might be changing, as the latest rumors out of Midtown West (per The Real Deal) indicate that the proposed 'Girasole' development could challenge its larger Midtown rivals.

Originally proposed at 1,060 feet, the development was already quite large. Still, with the three Hudson Yards supertalls rising immediately to the south, the development would neither be noticeable nor iconic. Exacerbating the problem, more 'supertalls' are slated to rise along the new 'Hudson Boulevard,' the pedestrian park/walkway extending from 33rd to 42nd Streets.

Increasing the height of the Girasole would make sense from a development perspective, especially as so many residential/mixed-use towers are now breaking the 1,000 foot barrier. As so many towers are increasingly slender--obviously 432 Park leads the pack--it would make much more sense if the Girasole took on a model-esque profile to maximize future views. The tower has 1.6 million square feet of air rights, 600,000 SF more than One57 and triple the amount that 432 Park has. The Girasole certainly doesn't lack the space needed to rise higher--perhaps even 1,500 feet is possible, given the latest trends to emphasize height over all else.

With competition for the best views increasingly fierce, the Girasole sits in a sub-market of its own. The developers could definitely monopolize (for however long) the luxury residential market in Midtown West, as nothing else in the neighborhood comes close to breaching the 1,000 foot mark (the twin 'Silver Towers' are closest, at 653 feet). While 432 Park and One57 will offer amazing views of Central Park, the Girasole could corner the market on those seeking the best Hudson River views, given it's only a block away. Regardless of where you happen to be looking, a view is always desirable. Rumors are all the height-change of the Girasole is based on, but the speculation is certainly warranted, especially given the state of Manhattan's real estate market.

FXFowle, the tower's architect, has more information on the project, with completion scheduled for 2016.

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Old May 20th, 2012, 11:30 PM   #2036
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Curbed

Quote:
Condo Towers Springing Up All Over Midtown


124 W.57th St. site of new JDS tower

With One57 breaking all kinds of records (you may have heard something about that), things are looking good for luxury condo development in Midtown. Now, the Wall Street Journal reports that Starwood Capital Group, led by Brent Sternlicht, and JDS Development Group are set to break ground on a new 50-story condominium and retail tower just down the street from One57. Apparently, the site is currently a vacant lot on West 57th between 6th and 7th Avenues, which means that the Google Streetview snapshot pictured above is the only thing that fits the bill (approximate address: 124 West 57th Street.) Although Starwood has owned the site since 2005, JDS is taking over the development with Starwood remaining a partner. Construction is set to begin in late spring or early summer.

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Old May 21st, 2012, 02:22 AM   #2037
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'World's Tallest Holiday Inn' Coming To Lower Manhattan


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Old May 21st, 2012, 02:23 AM   #2038
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New Hotel Coming To WTC Area


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Old May 21st, 2012, 05:45 AM   #2039
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One57 May 17

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ONE57 by amphilyon715, on Flickr
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Old May 21st, 2012, 07:20 PM   #2040
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Does anyone know what would be the next World Trade Center building to b built after the transport hub, one WTC, and 4 WTC are completed?
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