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Old June 4th, 2013, 01:41 PM   #3201
melrocks50
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Awesome! I love the mix between the new and the old.
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Old June 4th, 2013, 03:26 PM   #3202
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Update on One 57, can't wait for this building to finish up. Photo I took yesterday:

image hosted on flickr
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Old June 4th, 2013, 03:31 PM   #3203
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Some photos I took while visiting the 9/11 Memorial:

image hosted on flickr


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Odd transition on the coloring of the tower cladding and the base cladding...
image hosted on flickr


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Old June 4th, 2013, 03:37 PM   #3204
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Update on the vertical enlargement of 10 Madison Square West (former Toy Center).

image hosted on flickr


Rendering:

Curbed
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Old June 4th, 2013, 07:17 PM   #3205
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New renderings have been released for the condo / hotel that will be built along the edge of Brooklyn Bridge Park. More info HERE.


Curbed


Curbed
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Old June 4th, 2013, 08:58 PM   #3206
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pretty much NYC is rebuilding everything? there is too much going on!
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Old June 4th, 2013, 10:16 PM   #3207
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This is only scratching the surface. Today an article in DNAinfo New York states that three quarters of the City's new residential construction is actually happening in Brooklyn and Queens. I can't even keep up with what's going on out there, granted lots of it are smaller projects with pretty unremarkable designs.

Quote from the article:
Quote:
The number of residential units authorized by building permits in the first quarter of this year — more than 3,800 across the city — reached its highest point since late 2008, according to a report released Monday by NYU's Furman Center for Real Estate and Urban Policy.

It marks the fourth quarter in a row where more than 2,000 permits have been authorized, and it's a huge leap from the year before when roughly 630 permits were authorized in the first quarter.

The majority of these potential new homes — three-quarters of them — would be concentrated in Queens and Brooklyn, the Furman Center report said.
New development of Packard Square in Long Island City, Queens:
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Old June 5th, 2013, 12:34 AM   #3208
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Alphabet Plaza on Avenue D makes itself known:



---------------------------------------------------------------------------------


http://therealdeal.com/blog/2012/11/...nues-unabated/
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Old June 5th, 2013, 06:50 PM   #3209
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Incredible photo of the model of the Hudson Yards project on display at the Center for Architecture, posted by NYguy @ SSP. I can't wait to have the North Tower built!

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Old June 5th, 2013, 11:45 PM   #3210
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One Hudson Yards property swap deal between Related and Extell in contract



Quote:
A property swap deal between the Related Companies and Extell Development on Manhattan’s West Side is now in contract, the New York Post reported.

As part of the deal, Related will give Extell a site it owns with Boston Properties on Eighth Avenue and West 45th Street and some cash on top in exchange for Gary Barnett’s 56-story, 1.7 million-square-foot office tower 1 Hudson Yards, located on 11th Avenue at 34th Street. The deal will allow Related to move forward on construction of its towers and retail podium at the Hudson Yards megaproject .
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Old June 6th, 2013, 12:00 AM   #3211
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City Point Phase II Is A Huge Hole!


http://www.brownstoner.com/blog/2013...-june-edition/

Quote:
As part of their monthly City Point update, Brownstoner has some pretty awesome aerial views of the City Point site. Phase one, the boxy four-story retail complex at Fulton Street, is open for business, and phase two is underway. Currently, it pretty much just looks like a big dirt pit as the site is still being excavated, but crews are also pouring the foundation along Fleet and Gold Streets and installing underground mechanicals.

http://www.brownstoner.com/blog/2013...-june-edition/


http://www.brownstoner.com/blog/2013...-june-edition/


http://www.brownstoner.com/blog/2013...-june-edition/


http://www.brownstoner.com/blog/2013...-june-edition/


http://www.brownstoner.com/blog/2013...-june-edition/


http://www.brownstoner.com/blog/2013...-june-edition/


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Old June 6th, 2013, 01:23 AM   #3212
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Construction has begun on 435 West 50th Street, to convert the building into luxury residential condominiums. This project is done by the same developer as the Walker Tower conversion in Chelsea.

NY Observer article from last summer:

Quote:
The Ralph Walker Resurrection Continues: 435 West 50th Street, Developer’s Latest Art Deco Gem, Under Way with Starwood

In an unassuming corner of the city, perhaps the last one left, an under-appreciated brick building is about to undergo a transformation into yet the latest luxury development to hit a city that always seems to have room for another. The tan- and yellow-brick pile sits in the middle of West 50th Street between 9th and 10th avenues, on the border between Hells Kitchen and the neighborhood that suddenly seems to be blossoming along the river as the Dursts, Walentas and others assemble shiny new apartment towers just to the northwest.

Yet 435 50th Street is anything but flashy and new. A throwback in the grandest sense, in that it is a far bit better than the original, the project is the second coming out for Ralph Walker, the long-forgotten AIA president and Art Deco master who dotted the city with at once industrious and luxurious old towers for the New York Telelphone Company. It is noveau prewar of the first order.

The first such was the now eponymous Walker Tower, just off Sixth Avenue between 17th and 18th Streets, where developers JDS Development and PMG hope to achieve some of the highest prices not only downtown but in the entire city, including a possible duplex penthouse overlooking Chelsea and the Village asking $94 million. Walker also designed such tough jewels as 1 Wall Street and the Barclay Vesey Building, landmarks you never knew you knew.

On West 50th Street, the plan is much the same. JDS and PMG bought both the West 18th Street building and the West 50th Street building from Verizon, which retains control of the lower floors for office and operations while the developers assemble grand condos above, designed by Cetra/Ruddy. The developers paid $20 million for the latter building last July, and according to city records, Barry Sternlicht’s Starwood Capital—also a backer in the Chelsea project—just injected $25 million into the project last week.

“Construction is under way and we expect to complete the project in early 2014,” JDS principal Michael Stern said in a brief statement.

The project is expected to come on the market some time next year, and renderings show new windows added to the grand 1930s facade but little alterations beyond that. The exact price of the renovation was not given, but for comparison, the one at Walker Tower is set to surpass $200 million.

All told, there will be somewhere around 65 and 70 units on floors 10 through 17. Prices have also not yet been set, and while this building might not have the same commanding views or white hot neighborhood to boast, the area is certainly on the up and up. And so, too, is this new building.




My photos from last week:
image hosted on flickr


image hosted on flickr
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Old June 6th, 2013, 01:29 AM   #3213
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Looks like demo has begun on the last remaining building at 225 West 57th Street. By the looks of it, maybe one or two floors have been removed. Once complete, excavation should begin on the foundation of a 1,550 ft tower (tallest in NYC). According to Department of Building documents, the foundation will be as deep as 80 feet (most of you know all this already).

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Excavators remain on site:
image hosted on flickr


(Photos by me)
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Old June 6th, 2013, 02:56 AM   #3214
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1 WTC cladding closing up:


https://twitter.com/WTCProgress
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Old June 6th, 2013, 02:59 AM   #3215
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One Morningside Park in Harlem progress:


http://ny.curbed.com/archives/2013/0...gside_park.php
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Old June 6th, 2013, 11:06 PM   #3216
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Design for Delayed $27M W. Thames Bridge Finally Revealed











While only a pedestrian bridge, this one is in a very high-profile location and will be a significant addition to the Lower Manhattan landscape.
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Old June 7th, 2013, 02:30 AM   #3217
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Speaking of transportation projects, the WTC Transportation Hub has been chugging along nicely. Some recent pictures:








And a look at how the finished terminal should appear:



All: http://ny.curbed.com/archives/2013/0...ows_itself.php
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Old June 7th, 2013, 02:52 AM   #3218
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Another sign of the overheating office property market:

Times Square Tower On The Market For $1.6 Billion



Quote:
New York’s billion-dollar office building club is getting a new member.

The Times Square Tower — at the “Crossroads of the World” — is hitting the market with a target price of $1.6 billion.

Boston Properties developed the 1.2 million square-foot building on a full block bounded by 41st and 42nd streets, Broadway and Seventh Avenue. It also developed 5 Times Square across the street.

Sources said Douglas Harmon and Adam Spies of Eastdil Secured have been hired to market the 47-story building designed by David Childs of Skidmore, Owings & Merrill.

The glass tower’s largest office tenants include Ann Taylor, which has over 320,000 square feet, and law firms Pryor Cashman and O’Melveny & Myers, with 100,000 and 200,000 square feet, respectively. Newer tenants are paying $80-plus per square foot.
As prices get richer, expect developers to consider blowing off the shitty leasing market and building on spec...
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Old June 7th, 2013, 09:58 PM   #3219
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Community Board 2 Votes 'No' On 5Pointz Proposal


http://newyorkyimby.com/2013/04/firs...ent-plans.html

Quote:
LONG ISLAND CITY — Queens Community Board 2 voted unanimously Thursday night against a developer's plan to replace 5Pointz with two high-rise luxury apartment towers, eliciting cheers from a crowd of artists and art fans who'd packed the board meeting in an effort to save the ailing graffiti Mecca.

But CB2 members warned that their vote — which is solely advisory — applies only to the developer's application to build a larger structure than allowed by current zoning, and does not protect 5Pointz from the wrecking ball.

"There is nothing the community board can do about that — as a matter of right, they can tear down that building and build something," CB2 land use co-chairman Stephen Cooper told the crowd.


"If you want to stop that, you have to go and get either landmarked or have it historically designated or have the art commission designate it," he said. "You're going to have to go way beyond this room to do that, and I encourage you, if that's what you want, to go ahead.”
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Old June 7th, 2013, 10:18 PM   #3220
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NYC’s Zeckendorfs Embrace Global Buyers With UN Condos



Quote:
The United Nations Secretariat building is visible from every floor of 50 UN Plaza, Arthur and William Lie Zeckendorf’s latest Manhattan luxury-condominium project. It’s also a potential source of buyers.

The development, a 44-story tower under construction on First Avenue near 46th street, will be the Turtle Bay neighborhood’s first new residential project in a dozen years and is poised to set price records for the area. It’s located across the street from the UN, which is built on land assembled by the Zeckendorfs’ grandfather more than half a century ago

“If you’re a UN ambassador posted here, you can’t get a better location than this,” said Arthur Zeckendorf, standing in a hard hat on what will be the 19th floor of the condo building.

The project is a departure for the Zeckendorf brothers, whose dual limestone towers at 15 Central Park West set the standard for trophy apartments favored by Wall Street bankers and the rest of Manhattan’s local elite. At 50 UN Plaza, they are seeking to lure some of the wealthy buyers from around the world who are fueling demand and price increases at towers such as One57 and 432 Park Ave.

The latest project’s look also will be different, trading the signature style of Robert A.M. Stern -- the New York architect who designed 15 Central Park West and the Zeckendorfs’ 18 Gramercy Park -- for stainless steel and glass. For 50 UN Plaza, the developers turned to Foster + Partners, the London-based firm run by Norman Foster, whose credits include the U.K. capital’s city hall, Singapore’s Supreme Court and a terminal at Beijing Airport that’s among the world’s biggest buildings. The firm is also designing Bloomberg LP’s European headquarters in London.

International Style

“It was definitely a decision to do a very modern, international-style building, whereas 15 Central Park West and 18 Gramercy are Stern-designed, traditional Park Avenue, Fifth Avenue-type buildings,” said Arthur Zeckendorf, 53. “That was a major decision point: How to design the outside to appeal to your buyer.”

On the exterior, bay windows are stacked on top of one other, threaded together by a horizontal grid of stainless steel and forming three columns that run the length of the building. “Highly reflective” fritted, or textured, glass panels run vertically between the bays, giving the tower a jewel-like appearance, William Zeckendorf, 54, said during a tour of the site in April.



‘Perfect’ Angle

The windows offer residents the “perfect architectural angle” for viewing the UN Secretariat, his brother said as he stood at the edge of one of the bay protrusions, shielded at the time only by orange netting.

The tower is Foster + Partners’ first residential project in the U.S., William said.

Zeckendorf Development Co.’s plans call for 88 apartments, with prices starting at $2.8 million for a one-bedroom unit, according to documents filed with New York State Attorney General Eric Schneiderman’s office, which reviews the details of condominium projects. Two-bedroom units range from $3.6 million to $9.4 million.

A 9,700-square-foot (900-square-meter) duplex penthouse spanning the 43rd and 44th floors will be listed for $55 million. The property includes five bedrooms, two of which abut the kitchen and are designed for staff, as well as a pool and terrace on the top floor, according to preliminary plans.

Sales will begin in the third quarter, the developers said.

Sales Records

As the Turtle Bay neighborhood’s first new residential project since Trump World Tower was completed in 2001, 50 UN Plaza would set price records in the area, with all deals probably falling within the top 10 percent for Manhattan, said Jonathan Miller, president of New York-based appraiser Miller Samuel Inc.

The Zeckendorfs’ marketing is unique because “the other buildings all seem to be downplaying international buyers,” Miller said. “For them to say it, and embrace it, makes it somewhat different.”

The project is a return to family roots for the Zeckendorfs. Their paternal grandfather, William Sr., assembled the land on which the UN complex was constructed with intentions to build a Rockefeller Center-style “city within a city” including an opera house, hotel, apartments and a convention hall on an elevated platform, according to “Capital of the World: The Race to Host the United Nations,” by Charlene Mires. Their maternal grandfather, Trygve Lie, was the first UN secretary general, from 1946 to 1952.

“They’d be very proud, very excited that we’re creating a great building to go with what they created,” Arthur said.

City ‘Oasis’

The entrance to 50 UN Plaza’s 6,000-square-foot-lobby, currently a tangle of cinderblocks, will feature a waterfall that will cost as much as $1 million to design and construct, William said. “Fire and water are the elements of life,” Arthur said. “You come in from the city and it’s an oasis.”

The developers are in talks with a “top restaurant operator” to occupy a 2,000-square-foot venue at the base of the tower, with an open-air terrace facing the UN. The restaurant would provide room service and a private dining area for residents, William said.

The Zeckendorfs are seeking to build “a perfect project” as buyers have been paying unprecedented prices for New York trophy condos. The current record for the most expensive residence in Manhattan was set at 15 Central Park West in February 2012, when former Citigroup Inc. Chairman Sanford Weill sold his full-floor penthouse for $88 million. The apartment was purchased for the daughter of Russian billionaire Dmitry Rybolovlev.

One57 Penthouses

That benchmark is set to be topped next year when deals for two penthouses at One57 are completed. Both units are under contract for more than $90 million, according to Extell Development Co., which is constructing the 90-story tower. Bill Ackman, the New York hedge-fund manager who founded Pershing Square Capital Management LP, is part of an investment group that purchased one of the apartments.

At 432 Park Ave., which Harry Macklowe and CIM Group are building, buyers have come from around the world, including South America, the Middle East, China and Russia, the developers said. The tower is slated for completion in 2015.

New York is No. 1 on a list of “cities that matter” to high-net-worth individuals, according to the 2013 “Wealth Report” by Knight Frank LLP, a London-based real estate consulting firm. The city’s real estate has come “to epitomize the so-called safe-haven market, with overseas buyers looking to escape currency, economic, political and security crises by putting equity into tangible assets,” according to the report.

Reviving Projects

New York’s appeal to global investors has been helped by the “growing availability of high-quality new-build developments,” according to Knight Frank. “This contrasts with the dearth of stock in the years after the financial crisis.”

Proposals for new Manhattan condos plunged 79 percent in 2009 from the prior year as developers waited for a glut of new and unsold units to clear the market following the recession. Builders revived projects in 2011, filing plans to to sell 2,267 new condos in the borough, more than the previous two years combined, according to the attorney general’s office. They added plans for 1,695 units in 2012.

The Zeckendorfs acquired the 50 UN Plaza site in 2007 for $152 million and delayed plans for development as credit markets began to freeze later that year. They revived the project in December, obtaining a $280 million loan from HSBC Holdings Plc. Israeli financier Eyal Ofer is also backing the project.

Price Increases

Builders throughout Manhattan have been raising prices on their unbuilt condos as demand intensifies. At the Zeckendorfs’ almost-completed 18 Gramercy Park, for example, the combined value of all units for sale climbed 5 percent since they went on the market in May 2012, documents filed with the attorney general show. A 4,500-square-foot second-floor apartment originally listed for $15.5 million was increased to $16.2 million a few months later.

The building’s residential units have at least four bedrooms. Owners will get a key to the private, gated Gramercy Park and must pay $6,000 a year to the trust that holds title to it. Other amenities include a pet grooming area and artwork in the lobby by Damien Hirst, according to the offering plan.

[...]
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