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Old October 1st, 2013, 10:15 PM   #3681
desertpunk
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I want so bad to start a thread on 650 Madison in Supertalls but it's still a little early. I want to know how ambitious these guys want to be with such an eminently redevelopable property!
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Old October 1st, 2013, 11:41 PM   #3682
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Look At Extell's Next Midtown Tower, A 1,550-Foot-Tall Doozy



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Real estate chronicler Michael Gross caught wind of an emergency community board meeting tonight to consider Extell's design for 217 West 57th Street. With all the action on that thoroughfare, it gets hard to keep all the new developments straight. But remember that 88-story, 1,550-foot one, slated to be designed by the same architect as the Burj Khalifa, a.k.a. the world's tallest tower? Above, peruse the first renderings and schematic drawings of the skyscraper, which will include a ground-level Nordstrom, hotel, and condos above—they'll give you an idea why CB5's landmarks sub-committee is rushing to meet. The glassy design cantilevers over the uber-historic American Fine Arts Society building next door, and neighbors are worried about its height and general appropriateness. They're used to Extell's 57th Stret megaprojects, of course, but this time a landmark is involved.




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Old October 1st, 2013, 11:43 PM   #3683
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Originally Posted by desertpunk View Post
So that's why that old Steinway Showroom is moving.
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Old October 1st, 2013, 11:50 PM   #3684
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Huh?



Landmarks Won't Oppose SHoP's West 57th Street Tower



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JDS Development Group acquired the Steinway Building, and, more importantly, its 45,000 square feet of air rights, for $46 million back in March. Six months later, they announced that instead of building a super tall, super skinny tower designed by Cetra/Ruddy, they would be building a super-duper-tall, super skinny tower designed by frequent collaborators SHoP Architects. The tower will be 1,350 feet tall, way taller than neighboring Tower of Babel One57 (1,004 feet), but not quite as tall as 432 Park (1,396 feet). JDS also backed a successful effort to make Steinway Hall an interior landmark (and will embark on a meticulous restoration), possibly in an attempt to curry favor with the Landmarks Preservation Commission, to whom they presented the plans for the tower this morning.

JDS could actual build an as-of-right 1,350-foot tower at the street front without Landmarks Commission approval, but have elected instead to set the building back, deferring somewhat to the landmarked Steinway Building but also necessitating the demolition of a back portion of that building. The proposed tower would also exist partially on the landmark site, giving the LPC the power to review the whole thing.

For the most part, the Commission took no issue with the proposal, although a few had qualms about minor aspects—the height of the glass street wall, for example, or the question of how much of the tower was on the landmark site and how much wasn't—that prevented the building from being approved...yet.










Last edited by desertpunk; October 2nd, 2013 at 04:33 PM.
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Old October 2nd, 2013, 12:06 AM   #3685
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Quote:
Originally Posted by phoenixboi08 View Post
So that's why that old Steinway Showroom is moving.
No.. Your thinking about Beethoven Piano's. They are moving because they made out like bandits selling their building to Extell and using some of that proceeds to buy a building across the street for their new spot.

Steinway sold to JDS Dev. (107 W 57th Tower) but made a good penny as well. The Steinway showroom is not moving, because it is protected via land mark desig. It will remain untouched under the new development.
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Old October 2nd, 2013, 12:11 AM   #3686
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That's odd...I spoke with the doorman there and he confirmed that they are indeed moving the showroom.
We're thinking of the same one?
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Old October 2nd, 2013, 12:13 AM   #3687
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107 West 57th is the best design on 57th st. so far, by far.

The lobby uses the exterior faces of neighboring buildings as walls. That's ******* brilliant.
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Old October 2nd, 2013, 12:37 AM   #3688
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Quote:
Originally Posted by phoenixboi08 View Post
That's odd...I spoke with the doorman there and he confirmed that they are indeed moving the showroom.
We're thinking of the same one?
Sorry, I misunderstood.

Well, yes Steinway will move their showroom to their new location obviously. I think it will be somewhere in Queens.
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Old October 2nd, 2013, 12:51 AM   #3689
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Cladding halfway up at Two Sutton Place North:

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Kind Of Like Ice by Tim Drivas, on Flickr
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Old October 2nd, 2013, 04:46 AM   #3690
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JDS's (developer of 111 West 57th) Walker Tower has been fully revealed, and it is beautiful. I actually think its even more beautiful in person...


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Old October 2nd, 2013, 04:48 AM   #3691
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Yeah, one can imagine that amazing beauty with 50 more floors!
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Old October 2nd, 2013, 05:23 AM   #3692
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Meanwhile, over at Bellevue Hospital...

Another giant leap for city science park

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http://www.flickr.com/photos/mj_100/

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October 2, 2013

Roche Pharmaceuticals got a warm welcome to the Big Apple Tuesday, when politicians and corporate executives gathered at the Alexandria Life Sciences Center on 29th Street to launch the company’s Translational and Clinical Research Center, scheduled to move into the West Tower of the life sciences facility when it opens in January.

The research center will occupy the top two floors of the 17-story tower. The center will start out with about 200 employees and focus on the early development of new drugs, according to Franz Humer, Roche’s chairman and CEO.

Roche announced last year that it would close its 1,000-employee facility in Nutley, N.J. “with a heavy heart,” Humer said.




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Old October 2nd, 2013, 02:55 PM   #3693
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Finally something different to break away from the glassbox skyscrapers. I am loving everything about West 57th tower so far. It's going to stick out of the skyline but it's different so I'm fine with that.
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Old October 2nd, 2013, 03:19 PM   #3694
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Revealed: Extell’s 1,423-foot Nordstrom Tower



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Gordon Gill presented the designs for the planned tower at 217 West 57th Street at last night’s LPC meeting, and while the design is far from stunning, the tower will certainly be tall - coming in at 1,423 feet and 10 inches, the Nordstrom Tower will become the tallest building in New York City, topping 432 Park Avenue by just over 25 feet.

While Gordon Gill failed to present any images of 217 West 57th in the context of greater New York, Skyscrapercity user Funkyskunk prepared the above rendering of the future skyline based on YIMBY’s video, incorporating The Nordstrom Tower.
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Old October 2nd, 2013, 07:19 PM   #3695
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Another tall tower at 625 Madison?

http://nypost.com/2013/10/01/ground-...adison-avenue/
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Old October 2nd, 2013, 09:05 PM   #3696
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This 23-Story Rental Will Rise One Block From Prospect Park



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When Hudson Companies announced plans for a 254-unit rental building in Prospect-Lefferts Gardens, brokers called the building a game-changer, even without seeing renderings. But now more details have been revealed, and they might be right. The Q at Parkside spotted a rendering for the building by Marvel Architects, the same firm behind the McCarren Pool renovation, 9 Townhouses, and Pierhouse at Brooklyn Bridge Park. Located one block from Prospect Park at 626 Flatbush Avenue, the 23-story rental tower would sit about 100 feet back from the street, with a "mews-like" alley leading to the entrance. The shorter building along the street would hold retail and a rooftop terrace, and 20 percent of the 254 apartments would be affordable.
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Old October 2nd, 2013, 10:21 PM   #3697
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Units in The Charles Hit the Market Starting at $5.82 Million



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After, apparently, launching a pop-up sales gallery somewhere on the Upper East Side back in May, long-stalled condo development The Charles finally got around to putting some listings on the internet today. Each of the eight units that appeared on Streeteasy today is a full-floor apartment between 3,100 and 3,700 square feet, ranging in price from $5.82 million for the third floor to $10.26 million for the 27th floor. (The triplex penthouse has yet to make an appearance, however.) Although the original word was that the building would consist of 45 full- and half-floor units, its Streeteasy page says that it has only 30 units, so it looks like every buyer will get an entire floor to him or herself.












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Old October 2nd, 2013, 10:36 PM   #3698
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Quote:
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Ground gained on Madison Avenue


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Quote:
Ben Ashkenazy and Michael Alpert of Ashkenazy Acquisition are in contract to buy the ground under 625 Madison Ave. for roughly $400 million, according to sources.

The deal extends the duo’s reach on Madison, where Ashkenazy owns the leasehold at No. 635, the retail condo rented to Barney’s at No. 660 and the retail condo occupied by Prada at No. 841.

The pair also teamed on No. 711 and were partners with Carlyle at No. 650, which was sold this week to an investment group for $1.295 billion.

The 17-story 625 Madison, leased to SL Green Realty Corp., was constructed in 1956 and renovated in 1988. SL Green’s operating lease ends in 41 years, in 2054, and the current $4.6 million rent has resets in 2022 and 2041.

The key to the high price is the rent reset in nine years, as the expectation is that it will leap to a whopping $50 million per year.

That’s because the ground — known as the fee position — would be appraised as vacant land but improved to its highest and best use at that time, according to valuation experts.

Imagine a roughly 563,000-square-foot slender skyscraper with Central Park views. With both retail rents and residential condo sales skyrocketing along with the slew of nearby luxury towers, the theoretical building would be worth more than $1 billion at just today’s values, or an average of $2,000 per foot.

The marketing book for 625 Madison said the new lease payment would be 4.5 percent of the valuation, hence the $50 million rent.
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Old October 2nd, 2013, 11:34 PM   #3699
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nice condo tower for the UES. Full floor apartments? even better!
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Old October 3rd, 2013, 02:51 AM   #3700
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Sorry, I misunderstood.

Well, yes Steinway will move their showroom to their new location obviously. I think it will be somewhere in Queens.
So there were two different developments that bought out two different showrooms? That's all I was confused about. When I saw this sight the other week, I'd mistakenly thought it was for that 225th W57th St.
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