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Old October 5th, 2012, 02:31 AM   #2401
desertpunk
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Avalon Bay Completes Purchase Of 88 Willoughby Site

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Completing a four-years process, residential developer AvalonBay Communities has acquired the last two properties from United American Land needed to construct an 861-unit rental apartment building in Downtown Brooklyn, at 88 Willoughby Street. When completed, the tower is currently expected to be the tallest residential building in the borough.

AvalonBay, a real estate investment trust based in Arlington, Va., paid United American $125.5 million for 11 properties at the corner of Willoughby and Bridge streets in a series of sales that began in 2008, an analysis of city property records show.

Most recently, the REIT paid $17.6 million for 94 Willoughby Street and 383 Bridge Street, two three-story buildings with a total of more than 42,000 square feet of development rights, city records filed yesterday show. The sale closed September 24.

The Brooklyn rental market remains strong, David Behin, president of investment sales at brokerage MNS, said. “There is not as much inventory as needed, and people keep coming in,” Behin said. He was not involved in the transaction.

United American and AvalonBay did not respond to requests for comment.

Soho-based United American, owned by the Laboz family, acquired the majority of the properties in 1985 and 1987, a review of city documents reveals. United American, headed by Albert Laboz, signed contracts with AvalonBay in 2007 to sell 10 of the properties over four years for approximately $111 million so that United American could use the proceeds to make unrelated acquisitions, a recent AvalonBay filing with the U.S. Securities and Exchange Commission says. United American sold one additional property that went into contract in 2009, pushing the final price higher, city records show.

The REIT is planning a 596-foot tall rental tower that is vying with Stahl Organization’s 590-foot apartment building at 388 Bridge Street to be the tallest residential tower in Brooklyn. The development sites are directly across Bridge Street from one another.
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Old October 5th, 2012, 11:41 PM   #2402
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Quote:
Originally Posted by desertpunk View Post
GroupM Considers Huge Lease to Anchor 3 WTC





Construction can ramp up quickly if the deal goes through. 550k is large but not enormous by NYC standards. This shows just how tough the leasing market has been for office developers. 5+ years ago, such a committment would have been a brief item in the back pages of the WSJ.
550k is only 20% of the total space in 3WTC, so is that enough to get it built?
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Old October 6th, 2012, 04:07 AM   #2403
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Interesting design on that Foster project!
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Old October 6th, 2012, 05:37 AM   #2404
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550k is only 20% of the total space in 3WTC, so is that enough to get it built?
Yes. It only needs a commitment of 400,000 sf.
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Old October 6th, 2012, 06:49 AM   #2405
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If it's NYC, it's another tower that's escaped notice!

34-Story Rental Building at 309 Fifth Avenue Gets Glassy



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It's been nearly a year since we hear anything about the rental tower going up at 309 Fifth Avenue, and blogging broker Andrew Fine decided it was time for an update. So what's up? Fine snapped a few photos showing that the 452' tall building has topped out and is getting its glassy facade. As the photos show, the rendering vs. reality is a pretty close match. The 34-story building will have about 100 market rate rentals, and plans filed with the DOB show quite a few duplexes. Amenities include a gym, bike storage, a residents lounge, and a shared rooftop deck, and the ground floor will have 10,400 square feet of retail. Given the building's progress, Fine expects it will meet the proposed September 2013 opening.
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Old October 6th, 2012, 07:09 AM   #2406
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432 Park Will Not Only Be New York’s Tallest Building But Also, at $2.43 B., Its Most Expensive



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So we are obsessed with the changing skyline along 57th Street, so we are always excited and intrigued by new renderings that pop up for it. The latest may also be the greatest, and while 432 Park Avenue is nothing new, the pic that ran in The Times today gives the clearest indication yet of just how big this spindly behemoth will be. At 1,397 feet, the ritzy condo building surpasses 1 World Trade Center, less its spire, by 29 feet, boasting by some measures the biggest building in New York status.

It will also be the most expensive, as The Times, which got its hands on the condo’s offering plan, reveals:

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The apartments will be large, and very expensive, with an 8,255-square-foot six-bedroom penthouse on the 95th floor being listed for $82.55 million, according to the condominium’s offering plan.

The Park Avenue tower’s 147 residential units, which have already undergone two price increases totaling 3 percent, are being listed, when counted together, for $2.43 billion, a record for a residential development, appraisers say.
That penthouse will not beat out the prices at rival One57, where at least one unit has already surpassed $90 million, nor the previous record holder, 15 Central Park and its $88 million manse-in-the-sky. Will it have the same ability to attract the world’s billionaires as those buildings, or are we running out?
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Old October 7th, 2012, 01:02 AM   #2407
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First hotel opens in brooklyn's trendiest neighborhood

The Wythe Hotel opened under watchful eyes in May 2012 as the hotly anticipated new centre of hip happenings in the hyper-trendy Williamsburg neighbourhood in Brooklyn. The 73-key hotel was developed by Two Trees Management, well known for their early pioneering in the transformation of DUMBO, and Morris Adjmi Architects was selected to convert this former industrial loft building in order to capture and retain the raw post-industrial and offbeat bohemian vibe that has come to define this corner of Brooklyn.

While much of the brick, cast iron, and timber-frame building was stripped back in time and restored, one bay of the structure was removed and replaced with a new all-glass and metal fašade, affording west-facing guestrooms panoramic views of the Manhattan skyline and sunset.

The floor area removed in demolition was reconstructed as a 4-story glass and steel penthouse that features a terrace bar and incorporates marquee lighting to create a night time beacon atop the building.

The interior retains many of the original industrial elements, such as antique manufacturing equipment now repurposed as sculpture in situ and wood reclaimed from the demolition reused in creating new guestroom furniture. Finish materials, such as cork and radiant-heated polished concrete, were chosen for their durability and ease of maintenance. And in one of its most novel features, the hotel sports two "band rooms" outfitted with eight bunk beds each to provide accommodation for musicians playing gigs across the street at the renowned Brooklyn Bowl.

With additional guest amenities that include a lobby library, flexible event space, screening room, and Andrew Tarlow's restaurant Reynards, the hotel is at once both luxe accommodation and laid-back neighborhood hangout. "We were careful not to overdesign," says architect Morris Adjmi. "Doing less allowed for more of the essence and history of the building to come through."

Source: www.worldarchitecturenews.com











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Old October 7th, 2012, 01:45 AM   #2408
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Thanks for posting that. Looks absolutely incredible.
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Old October 7th, 2012, 03:05 AM   #2409
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Yeah, the Wythe was a great project that came off beautifully. No complaints about "tumors" with this one! :P
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Old October 7th, 2012, 07:54 AM   #2410
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I love it when there is a contrast of materials in the interior, for example, raw old brick or concrete with new, modern glass and drywall
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Old October 7th, 2012, 12:00 PM   #2411
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The combination of bricks and glass works absolutely great here!
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Old October 7th, 2012, 02:48 PM   #2412
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Yeah, develop Brooklyn in this style, the borough is worth it!
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Old October 7th, 2012, 02:55 PM   #2413
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Stunning!
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Old October 7th, 2012, 10:50 PM   #2414
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really nice hotel!
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Old October 8th, 2012, 10:31 AM   #2415
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4540 Center Boulevard LIC Queens chugging along:

From late July

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Center Boulevard, Long Island City by Joe Shlabotnik, on Flickr
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Old October 8th, 2012, 11:30 AM   #2416
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great view!
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Old October 8th, 2012, 02:34 PM   #2417
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Quote:
Originally Posted by Minsk View Post
First hotel opens in brooklyn's trendiest neighborhood

Source: www.worldarchitecturenews.com

Outstanding!
can you advise what's the budget of this project?
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Old October 9th, 2012, 10:06 AM   #2418
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Carlos Zapata Reveals 'Lenten Version' Of "Pope's Hat"







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The wonky design for a new mixed-use tower just west of Madison Square, once left for dead but recently resurrected by developer Anbau Enterprises, is getting a mini-facelift. That plan from Carlos Zapata Studio will be presented to the Landmarks Preservation Commission on Tuesday, and offers a re-working of the condo entrance and facade at 22 West 24th Street. What's seen is mildly minimal, an expanse of flatness and offset banding that contrasts with the older buildings nearby. Apparently the 2007 design for the prominent Pope Hat set to rise over West 23rd is still intact.




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Old October 9th, 2012, 10:09 AM   #2419
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International Gem Tower Sparkles


http://afinecompany.blogspot.com/201...gem-tower.html


http://afinecompany.blogspot.com/201...gem-tower.html


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Reflections by erikgstewart, on Flickr
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Old October 10th, 2012, 07:12 AM   #2420
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Proposed Pier 17 mall gets design overhaul


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Howard Hughes Corp. is revising its design for a proposed shopping mall on Pier 17, the Tribeca Trib reported. The new design would split the rectangular mall in two, allowing natural light and rain to shine through the building’s center.

“So when it rains the rain will come down right through the middle of the building,” Gregg Pasquarelli, a partner in SHoP Architects, the building’s designers, said. “We think that would be pretty fantastic and really have this great engagement with the waterfront.”

The revised renderings of the development were presented by Pasquarelli to Community Board 1 last week, and the developer is seeking numerous zoning and land use exemptions. The new design will not affect the land use or zoning and the Landmarks Preservation Commission approved the building’s exterior in May.
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