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Old June 18th, 2006, 06:35 PM   #221
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http://www.nydailynews.com/boroughs/...p-360556c.html
Magic's luxury condos ripped

Advocates urge affordable housing

Magic Johnson and his partners are considering building affordable housing on an empty lot next to their upcoming Williamsburg Savings Bank luxury condos - but outraged advocates want more assurances.

"They're thinking about? They need to stop thinking and start acting," said ACORN Executive Director Bertha Lewis during a protest outside the iconic bank building last week as real estate brokers attended a swanky party inside.

"They come into neighborhoods that are changing and they accelerate it," she said, as protesters chanted, "Come down, Magic," and "Sweetheart deals stink."

"Magic Johnson should be ashamed of himself," Lewis added.

Johnson's Canyon-Johnson Urban Funds and its partner, the Dermot Company, have come under sharp criticism for failing to include affordable housing at the site - though Johnson's group bills itself as helping "underserved areas."

The project - which includes units ranging from a $350,000 studio to a $3 million penthouse duplex - also has been singled out by ACORN for getting lucrative tax breaks.

Johnson and his partners said last week they cannot afford to build subsidized apartments at the site.

"When you think of the money we have to pay for the building and the build-out, too - whew!" exclaimed Johnson. "We have to get a return."

After the empty lot idea was floated by Borough President Marty Markowitz at the glitzy gathering, the developers confirmed they are studying the possibility of building affordable units on a back parking lot.

"It's something that we're going to start focusing on now to see if it's feasible," said Andrew MacArthur of Dermot. "But we don't want to make any commitments at this juncture because we don't know if it's feasible yet."

The 77-year-old building, the tallest in Brooklyn, is known for its signature clock face.

It previously housed mostly dentists' offices, but is in the process of becoming 189 condos - complete with "Brazilian teak flooring," "lava stone counters and lacquer cabinetry" and bathrooms "laden with custom vanities and Kallista fixtures." The units are slated to be ready in mid-2007.

There also will be a gym, 24-hour business center, children's playroom, and sky lounge for tenants, while a Borders Books is expected to move into the grand bank space below.

City Councilwoman Letitia James (WF-Prospect Heights), who also has been lobbying for affordable housing at the site, said she won't stop fighting until there is a guarantee.

"They're getting tax subsidies for these million-dollar condos," said James. "We're paying for them, and there's not one set aside for low-income people."

Local residents also said they would like to see affordable housing added to the mix.

"I thought Magic Johnson was supposed to look out for low-income people," said Clorine Edwards, 53, a school nurse who lives nearby. "They're pushing people out. I'm worried they're going to push me out, too."

Originally published on June 18, 2006
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Old June 18th, 2006, 06:38 PM   #222
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http://www.nypost.com/realestate/com...eve_cuozzo.htm
CONDO SITE SET TO SELL

QUICK DEAL SEEN AT E. 29TH STREET


SNEAK PEEK: Here's a rendering of what the site at 39 E. 29th Street will look like.

June 13, 2006 -- SOME development sites are easier to develop than others - depending on such niceties as zoning obstacles, whether tenants are still in place and how much work has to be done to maximize permissible square footage.

But at 39 E. 29th St. between Madison Avenue and Park Avenue South, a residential development site now being offered by current owners the Lawrence Ruben Co. and Jonis Realty, there's nothing to it if you've got the dough.

Not only is the property a vacant lot, it's "completely entitled" for a 140,000 square-foot condo building that's already designed, said Studley Capital Transactions Group chief Woody Heller, who's fielding offers. Bids are due June 28.

The once gloomy East 20s, between Park Avenue South and Fifth Avenue, are coming into their own with new apartment buildings, hotels and restaurants. The 8,500 square-foot site at 39 E. 29th "has no possession or zoning risk," Heller said.

The owners have cleared the land and added to the planned tower's size through air rights, purchases and a bonus achieved under the city's inclusionary-housing program.

"It's rare for a site to come pre-packaged this way," Heller said. He added the asking price is $400 per buildable foot.

Market sources said they "expect" the site to sell for between $350-$400 a foot.

The land is half-a-block east of the thriving Carlton Hotel. Since the area is so hot, why do the owners want to sell?

"The development process is all about adding value, and there are a variety of ways to do that," Heller said.

"In this case, they created enormous value by assembling all the pieces and are less inclined to realize the development process than to sell."
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Old June 18th, 2006, 08:31 PM   #223
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amazing new projects for an amicing city....!!!!
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Old June 19th, 2006, 04:08 PM   #224
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W'BURG SOAR POINT
ANGER ON PLAN FOR 28 TOWERS



By ANGELA MONTEFINISE
June 18, 2006

A proposal to bring 28 soaring towers to north Williamsburg is the latest in a line of high-density projects supersizing the neighborhood's skyline - and it has fed-up residents shaking their heads.

Quadriad Realty Partners, a development company that counts former Rep. Herman Badillo as a partner, presented its vertical vision of Williamsburg at a community meeting last week, and it includes 28 towers ranging from 12 to 40 stories. The towers would be built over seven blocks between North Third and North Sixth streets and Bedford and Kent avenues. Most of the buildings would stand between 16 and 18 stories.

The area's zoning allows a maximum of only six stories, but Quadriad plans to request a zoning change to permit the development, which would yield about 2,500 units of market-rate luxury housing and 1,000 units of affordable housing.

"This is the only way I know for affordable housing to get built without using any government dollars," said Quadriad managing member Henry Wollman.

Under Quadriad's grand plan, each of the seven blocks will have four towers, a public park, retail stores and community facilities, like schools, theaters, day care and health care.

"In an area where land costs $250 to $300 per square foot, the only way to build everything, including amenities for the community, is to build higher," Wollman said.

Residents, however, say the area is already overwhelmed by massive projects. In fact, 20,000 units are predicted for the Brooklyn waterfront.

The area Quadriad is targeting was down-zoned last year to compensate for the influx of waterfront towers.

"We drew a line knowing this neighborhood was going to face higher density," Stephanie Thayer said. "We wanted this part of Williamsburg to stay affordable and protected."

Michael Kriegh asked, "What's going to stop other developers from seeing what you're doing and doing the same thing?"

The company currently owns only one of the seven blocks. That block will hold 650 units and will be called Williamsburgh Square.


Copyright 2006 NYP Holdings, Inc.
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Old June 21st, 2006, 04:50 AM   #225
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http://www.nytimes.com/2006/06/16/re...te/18deal.html
Dumbo Is Humble No More

By WILLIAM NEUMAN
Published: June 16, 2006


1 Main Street in Dumbo

A FORMER executive with Goldman Sachs and J. P. Morgan Chase paid $5.8 million this month for two adjoining apartments at 1 Main Street in Dumbo, Brooklyn. The two units, with a combined 4,790 square feet, have views of the East River and Manhattan. The buyers were Mino Capossela, the former executive, and his wife, Maura McDonnell.

The building, a converted cardboard box factory between the Brooklyn and Manhattan Bridges, was the first in the area that the developer David Walentas converted to condominiums, about eight years ago. Since then the neighborhood has been completely transformed, with a binge of residential construction.

Mr. Walentas, who lives on one of the top floors of 1 Main Street, said that if the buyers of the two condos used them as a single residence, the total purchase price would be the highest paid for a home in the neighborhood. After the condos first went on sale in 1998, Mr. Walentas said, the two apartments sold to separate buyers for a total of $1.55 million.

"That's a good return," Mr. Walentas said of the nearly fourfold increase in the value of the apartments. "I made a lot of people rich. I'm happy for everybody. Dumbo has been a huge success for everybody."

One of the apartments was resold in 1999, and the new owner of that apartment then bought the second one in 2004. Karen Heyman, a broker at Century 21 Kevin B. Brown who represented Mr. Capossela and Ms. McDonnell, said the couple planned to combine the units eventually.

Mr. Walentas said the $1,215 a square foot paid for the two apartments was at the very upper end of prices in the neighborhood.

He is now in the process of creating a 6,000-square-foot triplex penthouse within the 16-story building's clock tower.

"That apartment, when complete, maybe we'll sell it for $25 million," Mr. Walentas said. "It's very special, one of a kind in the world."

Mr. Capossela was a managing director of Goldman Sachs when, in 2001, he jumped to its rival J. P. Morgan Chase and was named head of that company's North American cash equities business. Less than two years later Mr. Capossela and J. P. Morgan parted ways. Mr. Capossela and Ms. McDonnell did not return phone calls seeking comment.

A Hedge in Harlem?

WHAT if there were a different way to buy real estate? One that helped ease anxiety for buyers by helping to protect them against the risk of buying into a softening market? And one that provided potential benefits to the seller as well?

Suppose the buyer and seller agree on two prices for a property: a maximum, and a minimum perhaps 5 or 10 percent lower. The buyer pays the minimum price at the closing, and the balance is put in escrow.

Next, they wait about six months and then consult the most recent quarterly sales figures for the local housing market. If the average sales price of a home in the area has risen by an agreed upon amount, measured on an annualized basis, then the seller gets the money in escrow. If prices haven't risen that much, then the buyer gets the escrow money back.

In this way, the buyer creates a hedge, a kind of insurance policy against the market's softening after the purchase. And if prices continue to rise, the seller presumably achieves a higher price than he otherwise might for his property, in effect benefiting from the overall market appreciation after the sale.

Sound implausible?

Well, something along those lines appears to have occurred in the sale of a Harlem town house in March, which set a record for a residence in Upper Manhattan.

The buyer of the five-story home on Convent Avenue was John Geanakoplos, a Yale economics professor and a managing director of an investment firm. The seller was Robert F. Van Lierop, a lawyer whose clients have included Halle Berry and Spike Lee.

When the sale was first reported in The New York Times on May 21, Professor Geanakoplos would say only that the $3.89 million price recorded on the deed was a "maximum," and that the final, adjusted, sale price could be significantly lower. Beyond that, Professor Geanakoplos and Mr. Van Lierop have refused to disclose the full terms of their deal.

Since that article appeared, however, two people who discussed the deal with the principals while it was being negotiated said in interviews that its basic outlines were similar to the hypothetical transaction just described. According to one of those people, a minimum price was to be paid at the closing, and later in the year the two sides would base the ultimate price on sales figures, probably for the third quarter.

Robert J. Shiller, a colleague of Professor Geanakoplos at Yale and a noted expert on the behavior of stock and real estate markets, said Mr. Geanakoplos consulted him during his negotiations over the town house, when he was looking for a price index that would reflect the Harlem market. Professor Shiller said that he was not familiar with the final details of the deal, but that he believed it was intended to provide a hedge against prices' tapering off after the sale. "People don't want to buy a house at the peak," Professor Shiller said. "They feel bad about that."

He has proposed two types of products that could ease the anxiety of home buyers: home equity insurance, which would protect people against falling home values; and price warranties for home buyers, where "if prices fall, you get some money back."

Such products would achieve the same aim as the deal worked out by Professor Geanakoplos. "I think this is a future trend that he's just at the beginning of," he said.

A Partnership Evolves

THE Israeli billionaire Lev Leviev and the Brooklyn-based developer Shaya Boymelgreen have teamed up for some high-profile residential projects since they first became partners in 2002.

Now, acting through his holding company, Africa Israel, Mr. Leviev has made his first significant move here without Mr. Boymelgreen, buying 111 Fulton Street, a commercial building at the corner of William Street in Lower Manhattan, which he plans to convert to condominiums.

But Mr. Leviev said the venture did not indicate differences with Mr. Boymelgreen. "Our relationship is very good with Mr. Boymelgreen," Mr. Leviev said last month during a visit to 20 Pine Street, one of the financial district buildings that he and Mr. Boymelgreen are converting to condos.

The partners have also worked together on the conversion of 15 Broad Street and 60 Spring Street, as well as in the construction of new condo buildings in TriBeCa, downtown Brooklyn and Dumbo. They also have ambitious projects under way in Miami and Las Vegas.

Mr. Leviev said he had other partners in the Fulton Street project but would not say who they were. Records filed with the Department of Buildings, however, give the names of two partners: Joseph Klaynberg, a developer, and Ricky Cohen, whose family owns the Conway Stores chain.

Those documents, filed on June 6 by the architect Karl Fischer, call for nine stories to be added to the existing eight-story building. But Dan Avidan, the head of finance for Africa Israel, said on Wednesday that plans had been scaled back and now only two stories would be added.

A deed filed with the city says the sale price of 111 Fulton Street was $21.8 million. But Mr. Avidan said the company had paid $59 million for the building and he was not sure why the deed showed a lower price.

Mr. Boymelgreen said he and Mr. Leviev had been working under a five-year agreement that required him to offer any new projects exclusively to Africa Israel. That expires next year. "The relationship is a beautiful relationship, but we're not married for life; we're married for five years," he said. He said they would continue to work together for several years on a number of projects, like a planned condo complex on the Gowanus Canal in Brooklyn.

He also sounded a note of caution on the New York market, saying he had been reluctant to start more new condo projects here. "I didn't buy for a while, maybe more than a year and a half, anything in condos in New York because it's a little bit overbuilt."

Instead he has begun to focus on markets he considers undervalued, like Israel, where he is completing the $500 million acquisition of Azorim, a company that develops condos and houses.
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Old June 21st, 2006, 06:28 AM   #226
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Plan to Move Garden Augurs Change for Midtown



Under a developer's plan, Madison Square Garden, as seen from 2 Penn Plaza, would move into the James
A. Farley Post Office.



By CHARLES V. BAGLI
June 20, 2006

Steven Roth, the chairman of a company once known for operating suburban shopping centers, made a startling move nine years ago when he plunked down more than $2 billion for office towers, a hotel and retail space surrounding Madison Square Garden on a bet that the neighborhood was ripe for transformation.

Now, Mr. Roth is quietly circulating a $7 billion plan detailing just how radical a transformation he envisions for the district, including moving the Garden to a new home on Ninth Avenue. He wants state officials to rethink the plan they have hired him to develop, an expansion of Pennsylvania Station under Eighth Avenue into the landmark James A. Farley Post Office, which is to be renamed Moynihan Station for the senator who championed the project.

Not only would Mr. Roth build Moynihan Station, but he would remake the cramped and dreary Pennsylvania Station itself, turning it into a monumental gateway to New York under a sweeping glass canopy.

The Garden would move a block west to the rear of the Farley building, allowing Mr. Roth, the chairman of Vornado Realty Trust, and his partner, Stephen M. Ross, the chairman of Related Companies, to build a commercial complex on top of Penn Station akin to Rockefeller Center, with five towers and seven million square feet of office space, apartments and stores.

The city's history is littered with hugely ambitious and ultimately unrealized plans, but while this one faces obstacles, it has been gaining momentum in the past few months. The two men have a nonbinding agreement with the owners of the Garden to move the arena, something other developers sought in vain for more than two decades.

A battle royale like the one that doomed the Jets stadium on the Far West Side last year seems unlikely. The Regional Plan Association and Community Board 4, which opposed the stadium, both like the Roth-Ross plan. And six of the city's business organizations heartily endorsed it at a public hearing on May 30, even though it was not on the agenda and has yet to have a formal public debut.

Transportation advocates say the Roth-Ross plan provides a once-in-a-lifetime opportunity to reconfigure and expand the busiest rail station in the country, where 550,000 passengers struggle through a maze of underground passageways each day. Under the current Moynihan Station plan, 80 percent of passengers would still use the old, crowded quarters.

To win approval, the project would have to run a gantlet from City Hall to Albany to Amtrak, which operates Penn Station. The state preservation commission would have to approve the Garden's move to the rear of the Farley post office in order for the developers to get valuable tax credits. Finally, it is unclear who would pay for the estimated $1 billion cost of renovating Penn Station.

There are political obstacles. Mayor Michael R. Bloomberg is displeased with the owners of the Garden, who ran a multimillion-dollar ad campaign against him last year that helped kill his plan for the $2.2 billion football stadium on the Far West Side. And state officials are moving quickly with the simpler Moynihan Station plan, because Gov. George E. Pataki wants a groundbreaking before he leaves office.

If the larger project is approved, it would mean billions for Mr. Roth and Mr. Ross — the two Steves, as they have become known. It would enormously enhance Mr. Roth's holdings, which include the skyscraper at 1 Penn Plaza and the Pennsylvania Hotel. He would also solidify his hold on an area where his company already owns or controls seven million square feet and plans to double that figure.

"We are about making money here on a grand scale," said Mr. Roth, who has a reputation for refreshing boldness, at an investors' conference earlier this month.

But some say the Roth-Ross plan would serve the public, too. "It's actually a real convergence of public benefits and private interests, assuming the Garden fits without breaching the grand historic space," said Lynne B. Sagalyn, a professor of real estate development and planning at the University of Pennsylvania. "There's the potential for another high-density cluster of commercial activity connected to transportation, like Times Square and Grand Central."

Not everyone is a fan. The Farley post office was designed by McKim, Mead & White, the architects of the original Penn Station, which was torn down in 1963 to make way for the current Garden. Now some fear that history is repeating itself.

Peg Breen, the president of the New York Landmarks Conservancy, called the proposal to move the Garden into the Farley building akin to "Cinderella's stepsisters trying to jam their feet into the glass slipper."

Mr. Roth and Mr. Ross were selected last year to build Moynihan Station and a major block of space for retail, office or residential use. The developers, who would pay the state $313.8 million and a yet-to-be negotiated annual fee, would also transfer about 1 million square feet of unused development rights from the Farley building across Eighth Avenue to the northeast corner of 33rd Street for two residential towers.

Then, earlier this year, the two men struck a tentative deal with James L. Dolan, whose family controls Cablevision, the Garden, the Knicks and the Rangers. By moving the Garden, the developers would gain the enormously valuable right to build three new skyscrapers above Penn Station, with a mix of apartments, offices, a hotel and stores, while generating up to $75 million a year in property taxes for the city. The Garden, which has considered renovating, would get a modern, egg-shaped arena with many more luxury boxes.

There is no final design for the Roth-Ross proposal, but the developers' current models show two buildings bordering Eighth Avenue — Moynihan West, in the Farley building, and Moynihan East, a sunny, rebuilt Penn Station with a monumental, glass-walled entrance and grand staircase at 31st Street. A commuter would be able to look up the stairs, through the glass entrance and across Eighth Avenue to see the 20 Corinthian columns, each 53 feet high, across the two-block front of the Farley building.

A soaring multistory glass canopy would stretch diagonally to 33rd Street, near Seventh Avenue, bringing sunlight to a hall leading to transit and subway platforms. The new towers would be built atop a retail building at street level.

The relocated Madison Square Garden, on Ninth Avenue, would take up as much as two-thirds of the Farley building, eliminating an intermodal hall in the current plan. The glass-topped great hall, which is slightly larger than the comparable space at Grand Central Terminal, would still be renovated as a public space. The Garden would rise 50 feet, or nearly five stories, above the roof. The post office would move its remaining operations, and the historic stamp windows would be used to sell tickets to Garden events.

The owners of the Garden want a major presence on Eighth Avenue — perhaps banners hanging among the columns, similar to those at the Metropolitan Museum, or an expensive set of electronic signs.

That is an image sure to stir up the critics and even alienate supporters. Opponents placed an ad in The New York Times last week with the headline: "Don't let it happen again," a reference to the demolition of the original Penn Station.

The issue has gotten so heated in landmark and preservation circles that critics have chastised the senator's daughter, Maura Moynihan, who has championed her father's vision for the Farley, for narrating a media presentation of the new proposal. The developers have quietly shown the presentation to Mayor Bloomberg and various business, civic and news media figures.

"We've got to be open-minded, because chances like this don't come along very often," Ms. Moynihan said in an interview. "The only thing I've ever cared about is a bigger, better train station that liberates New Yorkers from the horror of the pit, Penn Station."

The developers contend that their plan would accelerate what has been a slow transformation of a dowdy area south of the garment district. "The larger Moynihan plan would serve as the catalyst for the transformation of Manhattan's West Side, ease overcrowding at Penn Station and create a much more functional and architecturally distinct gateway to New York City," Mr. Roth said.

Critics do not see it that way. "Clearly, from the developer's point of view, this is about mega-development and mega-bucks," said Ms. Breen of the Landmarks Conservancy. "But we all started with the notion of a great train station for New York City. That's gotten lost in the shuffle."

But Robert D. Yaro, president of the Regional Plan Association, said that an intermodal hall at a reconfigured Penn Station would provide for far more efficient transfers among subways, Amtrak, New Jersey Transit and the Long Island Rail Road. With the Garden suddenly willing to move, Mr. Yaro said the city should not pass up the chance.

And city officials are clearly intrigued. Deputy Mayor Daniel L. Doctoroff said: "It's undeniably a good idea, in terms of generating tax revenues, creating a train station and its impact on the development of the West Side. The question is whether we can make it work financially."

In all likelihood, the government officials would ask the developers to pay for at least part of rebuilding Penn Station in return for approving what is potentially a very lucrative project.

Despite his dislike for the Dolans, Mr. Bloomberg has indicated that he would not block the move, although he will not let the Garden keep a $10 million a year property tax exemption, Mr. Doctoroff said: "It doesn't automatically travel to a new site."

The biggest obstacle may be the governor, whose appointees are moving fast to approve the simpler Moynihan Station plan as early as next month, after 14 years of stops and starts. The money is in place, and the post office has agreed to move. The prime tenant, New Jersey Transit, has agreed to operate the public spaces.

State officials want Mr. Roth and Mr. Ross to wrap up the negotiations on the Moynihan Station plan, put up an initial $150 million and break ground in the fall. A separate deal with the Garden and the city would mean delays for public hearings and an environmental review.

"Moynihan Station is critical to improving and enlarging the gateway to New York," said Charles A. Gargano, chairman of the Moynihan Station Development Corporation. "While a new sports arena would be a vast improvement, the building of Moynihan Station is more important than whether Madison Square Garden moves, or new high-rise buildings are built."





Copyright 2006 The New York Times Company
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Old June 21st, 2006, 08:36 PM   #227
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Silence Rare Among NYC Construction Boom


By AMY WESTFELDT
Associated Press Writer
June 20, 2006, 1:59 PM EDT

NEW YORK -- The biggest burst in construction in New York in decades is making it tougher than usual for people in the City That Never Sleeps to get a little peace and quiet.

In many neighborhoods -- especially around the World Trade Center site -- residents are assaulted by the noise of jackhammers and bulldozers and confronted by orange traffic cones at practically every turn. Rush-hour commuters have to wade into traffic to get around construction equipment on the sidewalks. Trucks clog the narrow streets, their horns blaring. And the digging often starts before the morning cup of coffee is ready.

"After you've worked a full week, you really don't want to wake up at 7 a.m. to the drilling," said Lisa Hanock-Jasie, who with her husband moved to lower Manhattan a year ago, attracted by the prices and a building that would take in their 85-pound Belgian Shepherd. "We love living down there. We just hope that it ends one day."

Overall, the city is spending $20 billion on construction, more than it ever has. More than 30 projects are under way or planned in lower Manhattan alone, including a half-dozen at the trade center site.

To residents who complain they live day and night in a construction zone, officials warn it is going to get worse before it gets better.

"There's just no peace," said Jan Larsen, general manager of the 569-room Millennium Hilton hotel, across the street from the trade center site.

He said some guests have complained about the noise at night, while the restaurant inside the hotel has seen a drop-off in business because of the construction that surrounds the hotel. Work on a huge train-and-subway hub project has closed off the hotel's front entrance.

"It's all good news, once it gets done," Larsen said. "While it's under way, it's a little bit painful."

The projects at the trade center site include the 1,776-foot Freedom Tower that will replace the twin towers; three more skyscrapers; a Sept. 11 memorial; the $2.2 billion transit hub; and a performing arts center.

Also, contractors are dismantling a 41-story skyscraper damaged by the terrorist attack, and a $2.4 billion Goldman Sachs Group Inc. headquarters is being built nearby. On Wall Street, where Hanock-Jasie lives, city officials are replacing water mains. And in nearby Battery Park City, several residential buildings are going up.

Elsewhere in New York, the conversion of an abandoned rail line into a park and the building of 30,000 housing units and several schools are under way. Also, an expansion of Penn Station is planned.

Officials overseeing the construction boom say the heaviest work is still ahead, and they are predicting three to five years of major rebuilding downtown.

Charles Maikish, executive director of the Lower Manhattan Construction Command Center, which is coordinating dozens of projects in the area, has been working for close to two years on maintaining air quality, controlling traffic and keeping the noise down for residents.

He said as many as 8,000 construction workers will eventually be working downtown and will need to take mass transit and not cars. "We'll tow," Maikish warned.

One of the biggest challenges will be dlivering more than 2 million cubic yards of concrete and thousands of tons of steel to the right places at the right time.

When contractors begin excavating to build three new towers at the trade center site, Maikish said, "they're going to be running trucks every three to five minutes for a period of 12 months."


Copyright 2006 Newsday Inc.
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Old June 22nd, 2006, 01:39 AM   #228
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Quote:
Originally Posted by krull
Ok so I decided to do this NYC thread.

Keep in mind that almost half of all the construction boom in the city are conversions from excisting buildings like Offices, Hotels and Rental buildings to Condominiums apartments. But ofcourse I wont post those here.

I will not post alot of small buildings. Even though there are ALOT of small building (sometimes really interesting) construction in all of the boroughs in the city right now.

If anybody thinks I got the hight in feet or the floors of a building wrong or if I missed a building please let me know. If you have a rendering for a building that doesn't have one please let me know. I will also try to store renderings in my photo service so I can have easy access for posting them. Hope nobody minds.

I also have not listed the proposing buldings and their renderings yet. But I will do that another time. This has been alot of work and time consuming.


Hopefully I did this one right and I hope you enjoy it.



=========================================
Under Construction (Manhattan):
=========================================



The Freedom Tower: 1,776 ft - 82 floors




Bank of America Tower: 1,200 ft - 54 floors




New York Times Tower: 1,046 ft - 52 floors




Goldman Sachs Headquarters: 742 ft - 43 floors




Seven World Trade Center: 741 ft - 49 floors - TOP OUT




125 West 31st Street: 615 ft - 58 floors




The Orion: 604 ft - 58 floors - TOP OUT




Hearst Magazine Tower: 596 ft - 42 floors - TOP OUT




Sky House: 588 ft - 55 floors




10 Barclay Street: 584 ft - 56 floors




123 Washington Street: 583 ft - 53 floors




The Tower of 15 Central Park West: 550 ft - 35 floors




Atelier: 478 ft - 46 floors




325 5th Avenue: 471 ft - 42 floors




The Link: 433 ft - 43 floors




101 Warren Street: 428 ft - 35 floors




Memorial Sloan-Kettering Research Laboratory (East 68th Street): 424 ft - 25 floors




Ariel East: 396 ft - 38 floors




Place 57: 394 ft - 34 floors




The Centria: 1 386 ft - 34 floors




One Carnegie Hill: 382 ft - 42 floors - TOP OUT




25 Thames Street: 368 ft - 33 floors




Chelsea Landmark: 368 ft - 36 floors




Remy: 352 ft - 32 floors




Element: 350 ft - 33 floors




Ten West End: 350 ft - 31 floors




The Avery: 344 ft - 30 floors




Ariel West: 340 ft - 31 floors




Veneto: 335 ft - 32 floors




Three Ten: 328 feet - 30 floors - TOP OUT




1 River Terrace: 320 ft - 32 floors




1 East 35th Street: 312 ft - 33 floors




The Cielo: 307 ft - 27 floors - TOP OUT




200 Chambers Street: 300 ft - 29 floors




33 West End Avenue: 293 ft - 25 floors




Sutton 57: 292 ft - 24 floors




Millennium Tower Residences: 291 ft - 35 floors




1600 Broadway on the Square: 290 ft - 26 floors - TOP OUT




Mosaic Downtown & Mosaic Uptown: 275 ft - 24 floors




Chelsea Arts Tower: 247 ft - 20 floors




The House at 15 Central Park West: 231 ft - 19 floors




Sundari Lofts & Tower: 225 ft - 22 floors




88 Leonard Street: 220 ft - 20 floors




The Melar: 210 ft - 20 floors - TOP OUT




250 East 49th Street: 209 ft - 20 floors




The Hudson Condominiums: 195 ft - 18 floors




4 West 21st Street: 185 ft - 17 floors




40 Mercer Residences: 173 ft - 13 floors




Blue at 105 Norfolk Street: 169 ft - 16 floors




4 East 3rd Street: 165 ft - 16 floors




Chelsea House: 163 ft - 13 floors




Vesta 24: 153 ft - 14 floors




Courtyard By Marriott: 152 ft - 15 floors




Stephen Gaynor School and Ballet Hispanico: 150 ft - 12 floors






Unknown number of feet:



402 East 67th Street: 30 floors




1500 Lexington Avene: 26 floors




188 Ludlow Street: 23 floors




One Ten 3rd: 22 floors




225 East 34th Street: 22 floors




45 Park Avenue: 21 floors




Arcadia: 20 floors




170 East End Avenue: 18 floors




50 Gramercy Park North: 17 floors




485 Fifth Avenue: 15 floors




985 Park Avenue: 15 floors




92 Warren Street: 12 floors




West 18 Street: 12 floors




Urban Glass House: 12 floors




Spring Street Condos: 11 floors




255 Hudson Street: 11 floors




125 Central Park North: 11 floors




Chelsea Club: 11 floors




The Sutton Coop: 11 floors




InterActiveCorp Headquarters: 10 floors




2 Columbus Circle (Redesign): 10 floors




40 Bond: 10 floors




100 West 18th Street: 10 floors




Loft 25: 10 floors




The Oculus: 10 floors




110Bway: 10 Floors




Gateway Condominiums: 9 Floors




139 Wooster Street: 8 Floors




Harlem Horizon: 8 Floors




New Museum of Contemporary Art: 7 floors





No Renderings:


25 West 51st Street: 268 ft - 26 floors

Holiday Inn Express-Midtown-45th Street: 239 ft - 21 floors

1115 1st Avenue: 236 ft - 19 floors

200 Allen Street: 223 ft - 18 floors

144 North 8th Street: 222 ft - 16 floors

519 West 42nd Street: 216 ft - 19 floors

Four Points by Sheraton Soho Village: 195 ft - 20 floors

Wingate Inn Midtown Manhattan: 183 ft - 18 floors

M&R Hotel Times Square: 171 ft - 18 floors

330 East 57th Street: 150 ft - 16 floors



=========================================
Under Construction (Brooklyn):
=========================================


306 Gold Street: 400 ft - 40 floors
313 Gold Street: 350 ft - 35 floors (Construction to start in August 2006)




J Condo: 337 ft - 31 floors




Beacon Tower: 297 ft - 23 floors




New York Marriott at the Brooklyn Bridge Expansion: 240 ft - 23 floors




Schaefer Landing North: 234 ft - 24 floors - TOP OUT




20 Bayard Street: 201 ft - 16 floors




1515 Avenue Z: 156 ft - 14 floors




Schaefer Landing South: 135 ft - 14 floors - TOP OUT




133 Water Street: 120 ft - 12 floors




The Nexus (84 Front Street): 120 ft - 11 floors






Unknown number of feet:



The Edge (Tower 1): 40 floors

The Edge (Tower 2): 30 floors




164 Kent Avenue: 30 floors




230 Ashland Place: 28 floors




Gold Street Residential Tower: 22 floors




11 Broadway: 20 floors




100 Luquer Street: 15 floors




The Smith: 13 floors




185 and 191 South 4th Street: 13 floors




30 Bayard Street: 13 floors




Lookout Hill Condos: 12 floors




383 Carlton Avenue: 11 floors




30 Bayard Street: 10 floors




184 Kent: 10 floors




Park Circle at Prospect Park: 9 floors




Boerum Heights: 8 floors




45 Caton Place: 8 floors




=========================================
Under Construction (Queens):
=========================================



Avalon Riverview II: 385 ft - 39 floors




East Coast Tower I: 299 ft - 31 floors




Building 7 (Queens West): 290 ft - 30 floors




United Nations Federal Credit Union Building (43-35 24th Street): 241 ft - 16 floors




44-27 Purves: 151 ft - 14 floors




Echaelon Condominiums (13-11 Jackson Avenue): 123 ft - 13 floors




One Hunter's Point (5–49 Borden Avenue): 123 ft - 12 floors




Badge Building (46-48 11th Street): 80 ft - 8 floors





Unknown number of feet:



Flushing Metro Center: 15 floors




Powerhouse Queens: 11 floors




43rd Avenue (& Cresent Street): 9 floors





No Renderings:


45-56 Pearson Street: 321 ft - 20 floors

Park Lane Condominium: 166 ft - 17 floors

133-53 37th Avenue: 158 ft - 13 floors



=========================================
Under Construction (Bronx):
=========================================



Solaria Riverdale: 208 ft - 19 floors





=========================================
Under Construction (Staten Island):
=========================================



Unknown number of feet:


Edgewater Terrace: 8 floors

NY Gets bigger and better than before.
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Old June 22nd, 2006, 04:59 AM   #229
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NY Post: June 20, 2006 --June 20, 2006 -- After years of delays in rebuilding lower Manhattan, downtown officials are launching a bold new ad campaign that paints a rosy view of what the area will look like in just four years.
Signs posted on construction sites and pay-phone kiosks feature visions of skyscrapers, a Ground Zero memorial, transit hubs and tree-lined esplanades.

The campaign, "This is 2010. It's happening now," won't be officially launched by the Lower Manhattan Construction Command Center until next week, but signs have been going up for the past few days.

"These are the projects that will be at or near completion by that time," said Jennifer Nelson, spokeswoman for the center.
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Old June 22nd, 2006, 05:32 AM   #230
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what i love about those projects is that not one looks the same. granted most of those residentials are just fillers. im just glad theyre not group projects of the same design. variety is the spice of life.
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Old June 24th, 2006, 08:49 PM   #231
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Update!!!!

New 7 Tower Complex Named "Con-Ed Redevelopment" is proposed. 176m-263m.
Link to Emporis: http://www.emporis.com/ge/wm/cx/?id=115593
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Old June 24th, 2006, 08:58 PM   #232
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@skyscraperhighrise, PLEASE, edit your post, and delete the quote, we don't need to go through ALL the pictures.
Thanks!
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Old June 24th, 2006, 11:32 PM   #233
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Since the rendering of Park Circle was shown, it was recently completed, though it came out looking less like the rendering.

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Old June 24th, 2006, 11:39 PM   #234
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Quote:
Originally Posted by ZZ-II
Update!!!!
New 7 Tower Complex Named "Con-Ed Redevelopment" is proposed. 176m-263m.
Link to Emporis: http://www.emporis.com/ge/wm/cx/?id=115593
Forget it. Fierce community resistance will kill this one, at least in its proposed configuration. Look for a few less towers and a considerable reduction in heights.
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Old June 25th, 2006, 02:20 AM   #235
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Quote:
Originally Posted by 3tmk
@skyscraperhighrise, PLEASE, edit your post, and delete the quote, we don't need to go through ALL the pictures.
Thanks!
I agree. Please.
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Old June 26th, 2006, 01:10 AM   #236
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Tower o' Penthouses: Is Something Actually Happening?





Friday, June 23, 2006

For a building that threatens to alter the future of New York City forever (or something), we've spent remarkably little time on Santiago Calatrava's 80 South Street project lately. Mainly that's because there's been nothing to report. Developer Frank Sciame wants his $7 million deposits, and nobody wants to give them to him. Case Closed. Until...

I was walking back from the river after lunch yesterday, when I noticed that there were new signs in the window of the shuttered lunch place on the corner of Maiden and South st. The signs now talk about having left due to a building demolition. Isn't this where Calatrava's tower o' White Elephants is supposed to be? Could it be that the tower might actually be happening now?

Can it be? CAN IT BE? We'll go Nancy Reagan on your asses and just say no. But still, wow. Our pulse is racing a little.


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Old June 26th, 2006, 02:22 AM   #237
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^ here is the photo from Curbed about "new signs in the window of the shuttered lunch place on the corner of Maiden and South st"...

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Old June 26th, 2006, 02:24 AM   #238
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good projects
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Old June 26th, 2006, 02:26 AM   #239
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Quote:
Originally Posted by ZZ-II
Update!!!!

New 7 Tower Complex Named "Con-Ed Redevelopment" is proposed. 176m-263m.
Link to Emporis: http://www.emporis.com/ge/wm/cx/?id=115593

Yes... here is the update... The heights of the towers have been lowered...


Revised E. Side plan facing opposition
Developers shorten towers; critics seek more public space



By Erik Engquist
Published on June 26, 2006

Radically downscaled plans for the largest Manhattan development tract outside of Ground Zero will get their first official viewing today. The proposal envisions eight towers--one more than originally proposed--that top out at 600-plus feet instead of at 864 feet.

Even that reduction might not be enough.

"A 600-some-odd-foot building is still a big building," says Edward Rubin, land-use chairman of Community Board 6. "This [project] may be, overall, just too dense.

The fight over the nine-acre site that sprawls along the East River just below the historic home of the United Nations promises to be heated. Community leaders and others insist that the very character of the neighborhood is at stake.

Among other things, they want the developer, Sheldon Solow, to guarantee public access to the waterfront and to the open space amid the towers. In addition, they want Mr. Solow to restore block-long sections of East 39th and East 40th streets that were eliminated more than a century ago when Consolidated Edison erected its huge granite-and-brick Waterside Steam Plant on much of the site.

The revised design that Mr. Solow will present to a community board subcommittee today addresses earlier criticisms by shortening the towers, by making the project's three acres of open space more accessible to the public and by increasing the space allotted for retailers along First Avenue. The new plan also includes a three-block promenade along the FDR Drive. But East 39th and East 40th streets would remain private.


Crucial links


"The two streets that run through the Con Ed superblock would be the main access to any kind of waterfront development, which we feel is crucial there," says Frank Sanchis, vice president of the Municipal Art Society, a private planning organization.

More controversially, critics accuse the city of squandering a chance to work with the developer to build an East Side waterfront park. They want a coordinated project extending beyond the four parcels he purchased for approximately $630 million. They would like him to kick in money for a $190 million landscaped deck over the FDR Drive that would be built in part with public funding. Calls for the city to exert pressure have been rebuffed by the Bloomberg administration, which insists it cannot compel the developer to consider another proposal.

A fierce tug-of-war, with freshman Councilman Daniel Garodnick pulling on the community's side against Mr. Solow, is taking shape. The rest of the council is likely to side with Mr. Garodnick and another local community ally, Manhattan Borough President Scott Stringer. But sources say Amanda Burden, the city planning commissioner, is concerned about making demands that could unfairly delay a project that has already taken five years to get going and won't be finished before 2014.


Key player


The project's fate ultimately rests with the City Council, which will vote on the developer's request for a zoning variance to build his planned 6 million-square-foot project. It would include a large commercial office building, market-rate housing and a modest retail component. The need for a variance gives the city crucial leverage. Most of the site is zoned for manufacturing.

Michael Gross, a spokesman for the developer, says the environmental review should be completed this year and the seven-month land-use review process would begin in early 2007. Construction would follow.

A rocky future would be nothing new for the project. In 2001, an architect was selected for the development through an international competition, only to be rejected by Mr. Solow. Instead, he hired the well-known Richard Meier, who is working with Skidmore Owings & Merrill, designer of 7 World Trade Center, the Time Warner Center and many other projects.

Mr. Solow may also have alienated one of his neighbors. Nearly two years ago, he reportedly lobbied the state Senate to kill the U.N.'s plan to build a new office building on a 1.3-acre playground between Mr. Solow's site and the U.N. Secretariat.

The U.N. intends to renovate the Secretariat and would have used its new building as interim office space. Without it, the U.N. might wind up renting space in Mr. Solow's new development, which is too far east for many other office tenants.


©2006 Crain Communications Inc.
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Old June 26th, 2006, 05:18 AM   #240
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See? What did I say? I was right.
Don't think this is the end.
They will ask for more height reduction.
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