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Old July 2nd, 2013, 12:35 AM   #3301
desertpunk
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Time Warner In Deal To Take Hudson Yards North Tower

Related will buy Current Time Warner HQ for $1.3 bln to smooth the deal



Quote:
Time Warner Inc. is in advanced discussions with developer Related Cos. to move its headquarters to a planned 80-story skyscraper on Manhattan's far West Side in a deal that would help fuel the growth of a long-planned new business district near the Hudson River.

As part of the deal, Related would purchase Time Warner's current headquarters property for more than $1.3 billion, according to multiple people briefed on the talks. A signed deal is likely weeks away and the talks may still falter, these people said.

Still, Time Warner is negotiating exclusively with Related. Earlier this year, the media giant was entertaining offers from a number of different owners and developers.

Time Warner is looking for a way to cut costs by consolidating in a cheaper location. John Martin, the company's chief financial officer, said on an earnings call in 2011 that the company in New York was looking to "rationalize our footprint and do it in a very, very cost-efficient way," according to a transcript.

The deal would be a major boost for Related, which in 2008 was designated developer of a $15 billion Hudson Yards project slated to be constructed over a 26-acre storage yard for the Long Island Rail Road. Related began construction of the first office tower on the site, which is set to be anchored by Coach Inc., COH -0.12%last year.

But a tower occupied by Time Warner would be the signature tower in the project, at 2.4 million square feet. It would also be a major step forward for Mayor Michael Bloomberg who has been a big supporter of transforming the grungy manufacturing and warehouse-heavy district southwest of central Midtown into a thriving tower-filled business and residential district.

[...]
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Old July 2nd, 2013, 12:42 AM   #3302
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New Williamsburg Hotel Tower Renders

Approvals, financing still a ways off for slender 440 ft. landmark manqué.









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Old July 2nd, 2013, 07:22 PM   #3303
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this one looks so stunning!
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Old July 2nd, 2013, 09:14 PM   #3304
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Trinity Church Solicits Designs for Condo Tower



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Trinity Church, the owner of $2 billion of real estate spread out over 14 acres in lower Manhattan, is continuing to pursue plans to redevelop its ministry offices behind the church and build a 25-story condo tower on top of them. In a move that's sure to further alienate parishioners who argue that the church spends too little of its time and money on its stated mission of philanthropy and too much on real estate dealings, Trinity has solicited designs from two architecture firms, COOK+FOX and Pelli Clarke Pelli, for the new building, which would cost $35 million. The church's vestry will decide in a meeting on July 24 whether or not move forward with the project.

The designs from COOK+FOX feature the same "biophilic" approach that the firm has favored as of late, integrating a lot of planted things into the facade as well as rooftop gardens. The facade would be made of glass and stone, with the six-story ministry building at the base constructed primarily out of glass to give it an open and welcoming feel. Pelli Clarke Pelli's design also features a glass base for the ministry, with the residential section of the tower made out of glass and metal.
COOK+FOX:

















Pelli Clarke Pelli:





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Old July 2nd, 2013, 09:29 PM   #3305
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Brookfield Begins Rail Platform Construction



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As Time Warner nears a deal with Related Cos. to move its headquarters to Hudson Yards, Brookfield Office Properties has started major construction of a 120,000-square-foot deck over the Amtrak rail yard for its Manhattan West project.

Time Warner’s tentative plan to move to a new tower at Related’s site, first reported in the Wall Street Journal, would be momentous, allowing a second tower to go up that’s even larger than the one Related is building for Coach.

But, even before it lands a tenant or starts a building, Brookfield’s deck is meaningful too — the first platform over the yards between Ninth and Twelfth avenues after years of promises by both developers.

The photo above shows a just-completed temporary platform spanning the train yard from north to south on the Brookfield 5-acre site’s western edge adjacent to Dyer Avenue between West 31st and 33rd streets. Manhattan West lies slightly east of Related’s much larger site.

The temporary platform will support a “launcher” that will receive prefab concrete slabs from an adjacent staging area along the West 31st Street side. The slabs will then be assembled into 16 “bridges,” which the launcher will slide into place above the yard one at a time.

The deck is to be completed by the end of 2014.

http://nyc-architecture.com/NEW/AAGAAS35.htm
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Old July 2nd, 2013, 10:45 PM   #3306
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250 N.10th Comes Clean In Big Billyburg Reveal:

The new Mondrian-esque façade:



Until recently, a cacophony of concrete and orange mesh:
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Old July 3rd, 2013, 04:11 AM   #3307
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Some new images of the Sterling Mason project in the Tribeca Citizen:







Showroom model photos:


Current construction photo:
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Old July 3rd, 2013, 06:23 AM   #3308
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There were recently some pretty interesting model shots of 160 East 22nd Street on Curbed from their showroom.

image hosted on flickr


image hosted on flickr


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image hosted on flickr


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Old July 3rd, 2013, 06:31 AM   #3309
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There were some great renderings of 508 W 24th Street on Curbed the other day. Last I saw this building is now above ground - although I have no recent photos.

image hosted on flickr


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Old July 3rd, 2013, 05:47 PM   #3310
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The Next Hot Submarket?
http://commercialobserver.com/2013/0...hot-submarket/

Quote:
Human nature keeps us searching for the Next Big Thing. And when it comes to New York real estate, Lower Manhattan certainly comes to mind based on the dramatic changes underway. But there is another area farther north that has as much going on and then some – Penn Station. Of course the primary reason is the greater Hudson Yards development which is included in this Newmark Grubb Knight Frank submarket. But there are other items afoot besides that massive project.

First, let’s have a quick tutorial of this substantial Midtown South submarket. As it stands today, there are 129 buildings with 32.1 million square feet of inventory. Just over 34 percent of the inventory is considered Class A, though it consists of only eight buildings (generally the more massive ones clustered around Penn Station proper). The current availability rate is 12.7 percent. This is up from 9.8 percent in the first quarter largely due to two major additions—the entire 649,000 square feet at 330 West 34th Street as well as a 114,000-square-foot sublease at 1 Penn Plaza. Despite that increased vacancy rate, recent leasing has been robust with renewals such as Macy’s and new deals such as ************.

But it’s the future that has everyone keyed up over the Penn Station submarket. Following are a few examples:

•The greater Hudson Yards project, with new zoning in place, would allow for 26 million square feet of office space, 20,000 housing units (25 percent of those affordable), 2 million square feet of retail and 3 million square feet of hotels. WOW!

•Several developments are currently in the construction or planning phase—the first one to rise looks to be 501 West 30th Street (Related Companies’ South Tower with Coach, L’Oreal and SAP as anchors).

•The extension of the No. 7 subway line is due to open in 2Q 2014 (taking it from Times Square down to 34th Street and 11th Avenue).

•The Moynihan Station project will extend the current Penn Station with new entrances and corridor expansions; eventually new retail and office may be included in the mix.

•A new Madison Square Garden remains a long-term possibility, along with other office projects in the vicinity, including a brand new and way improved Penn Station.

So that’s the big picture stuff. For the near term, though, there has been a bit of a shake-up amongst the tenant base. The area remains the heart of the garment industry. More and more, however, there are a variety of tech/media/telecom (TMT) firms migrating north from the more expensive pockets of Midtown South.

(Compare the average asking rent of Penn Station at $47.81/sf with Flatiron/Union Square at $65.73/sf, for instance.) There is generally the same type of building stock across Midtown South but Penn Station is still missing that “cool” factor. Spurred by new projects opening over the next several years, expect that image to change—and increasing rents to follow.
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Old July 3rd, 2013, 07:17 PM   #3311
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Stay tuned for an announcement about a new supertall residential in Lower Manhattan.
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Old July 3rd, 2013, 07:20 PM   #3312
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Quote:
Originally Posted by RobertWalpole View Post
Stay tuned for an announcement about a new supertall residential in Lower Manhattan.

Do you know something that you are not sharing with us??
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Old July 3rd, 2013, 07:21 PM   #3313
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A new supertall residential tower will be announced for an, as yet, undisclosed location in Lower Manhattan.
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Old July 3rd, 2013, 07:23 PM   #3314
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How do you know that? Are you sure?
P.s. downtown becomes more residential district than financial...
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Old July 3rd, 2013, 07:34 PM   #3315
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Quote:
Originally Posted by Vertical_Gotham View Post
Do you know something that you are not sharing with us??
No. I just heard from a very good source within a rival law frm that he's working on a transaction for a new tower that will be quite tall. She wouldn't give more details.

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Old July 3rd, 2013, 07:38 PM   #3316
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Let's see if it's a rehash of SHoP's losing Nordstrom tower proposal:

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Old July 3rd, 2013, 07:44 PM   #3317
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Quote:
Originally Posted by RobertWalpole View Post
No. I just heard from a very good source within a rival law frm that he's working on a transaction for a new tower designed by SHoP that will be quite tall. She wouldn't give more details.
She knows it's going to be a supertall? She seems like my kind of gal! For her in a law firm to know this kind of detail, she must be working directly with the developer.

Please keep us posted should she decide to throw a bone your way.
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Old July 3rd, 2013, 07:48 PM   #3318
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Quote:
Originally Posted by hateman View Post
Let's see if it's a rehash of SHoP's losing Nordstrom tower proposal:

I really liked that render! I would have been happy if that would have been Nordstrom's. Can't complain because Adrian Smith & Gordon will give NY a gem.

That would be fantastic if SHoP brings the rejected Nordstrom design back for this supertall that Robert is talking about. Would look great in Lower Manhattan.

SHoPs Nordstrom rendering reminded me of this project study designed by Uwamoto Scott:

1,300 ft tall - Edgar Street Towers:
http://www.evolo.us/architecture/edg...-iwamotoscott/







Wish this could have been reality.
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Old July 3rd, 2013, 08:27 PM   #3319
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It will be a lot thinner than any of those.
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Old July 3rd, 2013, 09:10 PM   #3320
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I'm guessing it'll be by a part of the whole South Street Seaport redevelopment push, specifically the site of the failed Calatrava tower.
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