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Old November 6th, 2012, 06:36 PM   #2481
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Cool news .
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Old November 6th, 2012, 08:25 PM   #2482
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More Than 10% Of Financial District Office Space Shuttered By Sandy



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Some 10 million to 15 million square feet of office space in Lower Manhattan has been taken offline by Hurricane Sandy. More than 10 percent of the Financial District’s 94 million square feet, according to Jones Lang LaSalle tristate CEO Peter Riguardi, the New York Post reported. As The Real Deal told you last week, 1 New York Plaza and 55 Water Street, are just two examples of major downtown addresses where companies have been forced to leave by storm damage.

While 1 New York Plaza tenants Morgan Stanley, Wells Fargo and the law firm Fried Frank where tight-lipped about where they had relocated, Citigroup told its employees at 388 and 390 Greenwich Street to return to work yesterday. However without steam restored to its building it warned workers to “be prepared for cooler temperatures and dress accordingly.”

Citi wasn’t as lucky at its 1 million square-foot 111 Wall Street office building, where it told employees that the building would remain closed until further notice, as TRD reported. Last week, a TRD survey found that some 17 million square feet of office space downtown had been impacted by Hurricane Sandy, though some of those buildings have since reopened.

But Real Estate Board of New York President Steven Spinola argued that Riguardi’s 10 million to 15 million figure seemed “high.” “Downtown already looks a lot different than it did on Friday,” he said, noting that several buildings such as 55 Broad Street have reopened
This could spur leases at WTC and, er..."Brookfield Place" if the problems persist and these older towers have to be remodeled.
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Old November 6th, 2012, 08:33 PM   #2483
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Manhattan Yorkville webcam live HERE
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Old November 8th, 2012, 05:19 AM   #2484
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Migration to Hudson Yards Predicted



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The West Side of Midtown has increased its presence in the commercial real estate market within the past 20 years. The market now boasts a vacancy rate below 10 percent across all assets.

“To understand this market, it’s important to view it in the context of the history of the last 25 years,” explained Mitch Arkin, an executive director at Cushman & Wakefield. “In the ’80s, the market started pushing west with the development of Carnegie Hall Tower, the Equitable Building, 787 Seventh Avenue, followed by 1585 Broadway, 1540 Broadway, 750 Seventh Avenue, Worldwide Plaza, 1745 Broadway [and] Metropolitan Tower. Those buildings all brought Eighth Avenue and Broadway north of Times Square into Midtown.”

“In the early 2000s, residential development began to proliferate, particularly along 10th Avenue and Eighth Avenue, including some side-street development,” he added. “Today the entire area is booming, flanked in the south by the Hudson Yards and Brookfield Properties’ development along Ninth Avenue and to the north with the Durst Organization’s new residential project to the west of the Helena and Extell Development’s tower on 57th Street.”

“This area is attractive to large corporate anchors due to its proximity to Midtown yet its hip feel, and smaller tenants have been attracted to the relatively low rents,” he added.

The new buildings can achieve rents in the $80s and $90s, Mr. Arkin said. Older converted buildings hover around the high $30s and low $40s.

“All of the buildings on 57th Street with views of the park have seen their rents increase, $80 to $100 [per square foot],” explained Michael Cohen, the president of Colliers International’s tristate office. “Those rents were unheard of during the last recession.”

“I think [the future] will be mostly flat,” Mr. Cohen added. “I’m going to make a prediction—and this is general to the Midtown market, not isolated to Midtown West. We will see one major Midtown tenant migrating out of Midtown to Hudson Yards or the Financial District.”

“There have been rumors about L’Oreal,” he added. “Someone is going to fill those buildings on the Hudson Yard. Someone will move to the Coach building. Just like Condé Nast.”

Mr. Arkin, on the other hand, has a slightly more optimistic prediction, noting that the “West Side is continuing its aggressive expansion unabated where there continues to be the ability to assemble land for large-scale residential and commercial development.”
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Old November 9th, 2012, 10:30 PM   #2485
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51 Astor Pl. gets glass:

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51 Cooper Square gets some glass by Scoboco, on Flickr
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Old November 9th, 2012, 10:50 PM   #2486
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New York YIMBY Gets the drop on new renders for 1 North 4th Place at Northside Piers:


http://www.douglastondevelopment.com...o-north4th.htm


http://www.douglastondevelopment.com...o-north4th.htm
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Old November 14th, 2012, 06:38 AM   #2487
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170 Amsterdam Ave.: A new twenty story tower is under construction. According to the DOB Zoning Diagram, its main facade "steps back" several times. Its by Handel Architects and should be decent filler. Its definitely better than the junky one story retail structure that was on this site
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Old November 14th, 2012, 07:15 AM   #2488
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Quote:
Originally Posted by yankeesfan1000 View Post
Another day another tower here in NY.

UN-Neighboring Stalled Site Is Getting Foster & Partners Tower
Tuesday, November 6, 2012, by Sara Polsky



"The development site at 50 United Nations Plaza has sat vacant since 2007, when Zeckendorf Development paid $160 million for it. But wishes come true sometimes, and it turns out there's finally something coming to the site! A groundbreaking for a 44-story condo will be held November 14. As rumored back in December, the condo will be designed by Foster & Partners. (An earlier plan called for a 40-story tower designed by SLCE.) The Foster & Partners design calls for just 87 units, at around 2,500 square feet each, so that the building's diplomat residents could have plenty of space for entertaining. We haven't seen a rendering yet—anyone? Do be in touch."
Please lord, let it be better looking than the 425 Park Avenue design...

Last edited by RegentHouse; November 14th, 2012 at 07:21 AM.
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Old November 19th, 2012, 04:34 PM   #2489
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Related Secures Financing for Affordable Housing on W. 29th
Monday, November 19, 2012, by Jessica Dailey



"...the Journal reports that Related has secured $54 million in tax-exempt bonds from the New York Public Authority Control Board. The total cost of the building is estimated to be $85.8 million. In addition to the bonds, Related will contribute $33.7 million, with the rest of the financing coming from low-income tax credits.

The 139-unit, 15-story tower, will be affordable apartments available to low- and moderate-income families. Related is still working to gain the necessary government approvals for the building to be 100 percent affordable..."
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Old November 21st, 2012, 10:07 PM   #2490
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Renderings of 510 West 22nd Street. The office building was designed by Cook + Fox and is scheduled to be completed by 2014. I'm not sure if it has broke ground yet.

All images from dbox via ArchDaily.










Last edited by sbarn; November 21st, 2012 at 11:32 PM.
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Old November 21st, 2012, 10:42 PM   #2491
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great projects
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Old November 21st, 2012, 11:04 PM   #2492
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Another great building for the High Line, also pretty sure that's a Cook Fox building. I don't think it's broken ground yet, but I'll hopefully be able to check it out tomorrow on my way up to GCT.

Side note, I think by 2015, 2016, when these High Line projects start to finish up, it'll be one of the best architectural corridor in the city.
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Old November 21st, 2012, 11:31 PM   #2493
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Quote:
Originally Posted by yankeesfan1000 View Post
Another great building for the High Line, also pretty sure that's a Cook Fox building. I don't think it's broken ground yet, but I'll hopefully be able to check it out tomorrow on my way up to GCT.

Side note, I think by 2015, 2016, when these High Line projects start to finish up, it'll be one of the best architectural corridor in the city.
Oops! You're correct.
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Old November 22nd, 2012, 05:35 PM   #2494
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Great projects!
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Old November 23rd, 2012, 08:43 PM   #2495
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Quote:
Originally Posted by sbarn View Post
Renderings of 510 West 22nd Street. The office building was designed by Cook + Fox and is scheduled to be completed by 2014. I'm not sure if it has broke ground yet.

All images from dbox via ArchDaily.

This unfortunately has not yet broken ground. Hopefully soon though.
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Old November 24th, 2012, 11:58 PM   #2496
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Cetra Ruddy transforms 1920's telephone switching building into luxury residential condominium

This conversion of a 1920’s Bell Telephone switching building into the Walker Tower residences offered an opportunity to reimagine the architecture of the building, while respecting the original structure. The result is a 286,000 sq ft, new, lighter Art Deco architecture expressive of both interior organisation and structure that is more reminiscent of cast iron or Gothic in its significantly higher ratio of openings to solid surfaces.

While the solid mass of the original building remains at the base and continues to be occupied by the telephone company from floors one through seven, window openings were enlarged starting at the first residential level. Within the existing bulk of the building, sills were lowered at individual sidewall windows while non-structural masonry piers were removed to insert multi-story tripartite window bays with floor to ceiling glass at streetwalls. Newly added volumes rise along the tower where neutral brick solids are replaced by a vibrant metal rainscreen that consists of profiled vertical metal pilasters and mullions and three dimensionally formed metal spandrels,

Sympathetic to the original building’s use of ornamental statuary bronze and nickel silver, the rainscreen is rendered in a bronze colored stainless steel and metallically-painted formed aluminum plate. The micro-linen texture of the bronze stainless steel and the metallic flake in the aluminum surface creates the appearance of two metals that change according to sunlight and sky patterns. Taking a cue from early renderings showing an unbuilt crown atop the original building, four tapering metal spires were added to extend the tower skyward.

Converting this through-block commercial building to residential use required a unique planning strategy to ensure ample light and air for habitable rooms. Organizing kitchen, bathroom, closet and utility spaces adjacent to building corridors in an interior zone pushes the habitable rooms toward the building exterior. This establishes a sensible circulation network within the residences.

Consonance in apartment interiors is achieved through the use of materials, fixtures and detailing that – while not directly derivative of – is appropriate to the Art Deco pedigree of the building. The interior environment is balanced by a resident programmable home automation system that controls the humidified ducted air conditioning, radiant floor heating, supplemental mechanical ventilation and exhaust system.

The adaptive re-use of Walker Tower combines a true understanding of the original structure with intelligent space planning, sensitivity to materials and state-of-the-art technology to reinterpret a rich architectural past in a way that can be valued in the present.

Source: www.worldarchitecturenews.com











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Old November 25th, 2012, 12:48 AM   #2497
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Nice gothic designs.
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Old November 25th, 2012, 04:45 AM   #2498
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I was given a tour of Walker Tower in June or July, as I was considering being a broker at the time, and the firm I was going to work for brought me on a tour of the building and the brokers I went with all said it was easily the best product downtown. 10 foot ceilings in every room of every unit, superb modern finishes with art deco influences. We ended up going out on the balcony in the last photo and the views are breathtaking, as you're basically the tallest building between 18th St and Midtown.

I really hope more developers follow the lead set with Walker Tower, because it really is just flawless. Expect to see the penthouses there break the condo record for Downtown, outside of 56 Leonard for obvious reasons.
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Old November 27th, 2012, 06:16 PM   #2499
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Update on 200 East 79th Street:

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Tectonic
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Old November 27th, 2012, 06:17 PM   #2500
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Update on 420 East 61st Street:

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Tectonic
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