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Old October 9th, 2013, 10:02 PM   #3721
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I can guarantee you these new towers will be perpetually covered in graffiti.
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Old October 9th, 2013, 10:06 PM   #3722
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$1B Hallets Point project expected to get council OK



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Lincoln Equities Group’s seven-story, $1 billion mixed-use development on the Astoria waterfront is likely to snag City Council approval Wednesday.

The council’s Subcommittee on Zoning and Franchises is still in the process of working out a few remaining kinks, and support from a key lawmaker — Peter Vallone Jr. — is not a sure thing. Still, the Hallets Point project is expected to get the green light, moving its way up to full council approval in the same day.

“I expect that it is going to go through,” Councilman Mark Weprin (D., Queens), who chairs the subcommittee, told Crain’s. “We just have to tie up some loose ends.”

The planned development would consist of ten towers holding 2,200 apartments — 20 percent of which are to be classified as affordable.
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Old October 9th, 2013, 10:13 PM   #3723
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NYC is world’s No. 1 real estate investment market: report

Big Apple wins crown for third straight year; London takes second place



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Oct. 08, 2013

New York is the biggest real estate investment market in the world — for the third year running, a new report from Cushman & Wakefield shows.

The metropolitan area saw commercial property investments rise 39 percent, to $49.2 billion, from the start of 2012′s third quarter and the end of this year’s second quarter. London took second place, with a 6 percent increase to $32.3 billion. New York is the dominant investor in multifamily and hospitality sectors; London is tops for offices.

The top 25 global cities’ market share grew from 53 percent to 55 percent in the first half of the year. Investors might seek new opportunities, though, considering the market share is down from 58 percent in the first quarter to 50 percent in the second quarter, the annual report pointed out.

“Assuming the U.S. recovery continues to gain traction helping confidence and growth across all economies, we anticipate that next year will be favorable for much of the market as stimulus measures and recovery spark an appreciation in capital values for good quality space with strong occupier demand,” Carlo Barel di Sant’Albano, Cushman & Wakefield executive chairman, said in a release.
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Old October 10th, 2013, 12:08 AM   #3724
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Zoiks!

Meet the Transformer, Um, 70 Rentals Coming to Boerum Hill



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So an existing one-story parking lot near the Fourth Avenue border with Park Slope is set to be razed, and in its place shall rise an orange, charcoal, and glassy nine-story rental building, according to a plan exam spotted by BuzzBuzzHome. Besides the 70 units, many with private terraces if the futuristic renderings are any indication, tenants at 595 Baltic Street will have a roof deck, gym, lounge, private storage, and a part-time doorman. It's designed by ND Architecture and Design PC, which is helmed by none other than Nataliya Donskoy, protege of barredchitect Robert Scarano. By the by, she's also been tapped to do the condo conversion of Queens' history Ridgewood Theater, and it's been noted that her designs aren't always, shall we say, contextual. The developer is Adam America Real Estate.
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Old October 10th, 2013, 07:36 AM   #3725
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It's quirky.
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Old October 10th, 2013, 06:04 PM   #3726
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looks cool!!
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Old October 10th, 2013, 08:24 PM   #3727
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City Council Approves 2,500-Unit Megaproject for Hallets Point



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After more than four years of waiting, developer Lincoln Equities finally got the green light for its $1 billion Hallets Point megaproject (warning: PDF!). What does it all mean? That 2,100 luxury apartments, 500 affordable units, and community necessities like a bank, supermarket, school, and landscaped waterfront promenade (rendered above) are headed for what is at present an isolated, sleepy peninsula that juts out into the East River near Roosevelt and Randalls Islands. To woo local council members, the city agreed to conduct a $500,000 feasibility study to see if ferries between Hallets Point and Manhattan could help increase transportation options to and from the area, which are currently minimal at best. And because another developer is eying a nearby site for a 1,500-unit complex with similar bells and whistles called Astoria Cove, yeah, the population is bound to spike soon. Lincoln Equities plans to break ground in late 2014 or early 2015; meanwhile, Astoria Cove's exact future remains a mystery.
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Old October 10th, 2013, 09:57 PM   #3728
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Penthouse at Zeckendorfs’ 50 U.N. Plaza to ask $100M



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The Zeckendorfs will ask $100 million for the top penthouse at their 88-unit condominium building, 50 United Nations Plaza, currently under construction in Turtle Bay. The 15,597-square-foot triplex at the Norman Foster-designed building is slated to have 14 bedrooms and 13 full bathrooms.

The apartment also boasts 1,500 square feet of outdoor space and a 10,000-pound stainless steel staircase leading to an infinity pool, the New York Post reported. The building – which should be complete by December 2014 — is being developed by the Zeckendorfs as and Eyal Ofer’s Global Holdings. It is Foster’s first residential project in the country.

Condos in the building, at First Avenue and 46th Street, will start at $2.8 million, as previously reported. The developers paid $160 million for the site in 2007.
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Old October 10th, 2013, 10:26 PM   #3729
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Perfect location and apartment for a member of the Council of 13, or even the Pindar of the Illuminati to look upon the UN and the strengthening political/economic New World Order.
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Old October 10th, 2013, 10:26 PM   #3730
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Supertalls A Go-Go!

New Views, Details for KPF's Midtown Giant One Vanderbilt



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Late last year, developer SL Green tapped mega-firm Kohn Pedersen Fox to design an iconic skyscraper for Midtown East, and based on some new renderings spotted by NY YIMBY, it looks like One Vanderbilt is well on its way. Try to see around the blurriness—the images were pulled from a lengthy presentation delivered at the Center for Architecture this summer—and take away the following facts.

1) The tower, located just west of Grand Central on Vanderbilt Avenue between 42nd and 43rd streets, is going to be tall, likely approaching the 1,500-foot mark. Just look at its height in relation to the Chrysler and MetLife buildings.

2) The angular apex of the 1.55-million-square-foot skyscraper, a refreshing departure from typical tapered tops with antennae, is reminiscent of Hudson Yards' architecture, which makes sense given KPF's masterminding role over there.

3) KPF's James von Klemperer envisions it as a "Grand Central West," with lots of pedestrian access to the transit hub. The area's imminent rezoning will allow greater density and traffic to the neighborhood, and KPF's plan includes a large, open public space at the base.

At the moment, the crown of One Vanderbilt is meant to be accessible to the public. But if the rezoning passes, NY YIMBY notes, the building could get even taller, and residential development would be allowed, which might get in the way of the best-laid plans for a public observatory.




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Old October 10th, 2013, 10:36 PM   #3731
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224 Mulberry Street Just Wants To Fit In With The Nolita Crowd

Affordably priced from $6.25 million - $30 million!











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Old October 10th, 2013, 10:42 PM   #3732
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Dreams can come true!

Gene Kaufman tapped to design second Maiden Lane hotel



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It’s no maiden voyage for Gene Kaufman. The new owner of 8 Maiden Lane has tapped the prolific architect to design a 25-story, 191-room hotel on the site — his second on the narrow Financial District street.

The 75,742-square-foot project, to be crowned with a 25th-floor bar and outdoor terrace, will be located between Broadway and Liberty Place, according to a plan exam cited by BuzzBuzzHome. The cryptically-named 10-12 MLane LLC purchased the current four-story building in August for $5.6 million. The seller, Rusdan Operating Corp., had owned the lot since 1978.

The developer also picked up a five-story mixed-use building at neighboring 10-12 Maiden Lane for $7.1 million.

A new hotel on the site would have similar company, with a Holiday Inn down the block at 51 Nassau Street, also known as 20 Maiden Lane. The project, developed by hotelier Sam Chang, was also designed by Kaufman.



Zebra stripes? Or fake brick panels? Decisions decisions...
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Last edited by desertpunk; October 11th, 2013 at 07:23 PM.
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Old October 10th, 2013, 11:11 PM   #3733
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Originally Posted by desertpunk View Post
224 Mulberry Street Just Wants To Fit In With The Nolita Crowd

Affordably priced from $6.25 million - $30 million!

Looks nice. The interiors are splendid
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Old October 10th, 2013, 11:37 PM   #3734
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City Plans 52-Story High Rise for BAM North Site I in BAM Cultural District in Fort Greene



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The architects for BAM North Site 1 unveiled the plans for a city-sponsored 52-story tower last night in the BAM Cultural District at a Community Board 2 meeting. The high rise at 598 Fulton will have 586 apartments total: 281 “affordable” residences, including 117 inclusionary housing units, and 305 market rate units. The building will be made of three different-colored materials to make it blend in better with the neighborhood. It will also have a podium that extends out from the base tower (close up pictures after the jump). There will be 10,800 square feet of ground-floor retail on Fulton Street, and 8,000 square feet of cultural office space on the second floor. The building won’t have a garage because it’s being built directly on top of the subway.

Builder Gotham Organization is expected to break ground on the site by the end of this year or early next year, and construction will last three years. Gotham wants the project to meet the criteria for Enterprise Green Communities, a green building program that’s somewhat similar to LEED.

FXFOWLE Architects designed the building, which will be located between Rockwell and Ashland Place, next to Theater for a New Audience. The developer is BAM Go Developers LLC, a subsidiary of Gotham. Jonathan Rose Companies, chosen yesterday to develop BAM North Site II, may also consult on the building process.
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Old October 11th, 2013, 12:27 AM   #3735
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New tall tower for Jersey City

http://online.wsj.com/article/SB1000...56909654002871

A Chinese construction company is in discussions to buy a prime Jersey City, N.J. development site that could support a 1,000-unit apartment complex overlooking the Hudson River, according to multiple executives with knowledge....
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Old October 11th, 2013, 09:21 AM   #3736
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Jesus. It never seems to end for NYC.
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Old October 11th, 2013, 07:12 PM   #3737
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China developer in $5B project at Barclays Center



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Greenland Holding Group signed an agreement with developer Forest City Ratner to take a majority stake in the the residential development that will be built at Atlantic Yards, seen as the biggest U.S. deal by a Chinese developer to date.

(Bloomberg) -- Greenland Holding Group Co., a developer building one of China's tallest towers, is investing in a New York property project valued at more than $5 billion, the latest Chinese real estate company to venture overseas.

Greenland signed a memorandum of understanding on Oct. 2 with Forest City Ratner Cos. to develop the Atlantic Yards Apartment Project in Brooklyn, the Chinese company said in an e-mailed statement Friday. Greenland will take a 70% stake in the development, anchored by the Barclays Center, home of the National Basketball Association's Brooklyn Nets. It is the biggest deal of its kind by a Chinese developer in the U.S., Greenland said.

"The trend for Chinese developers to continue to invest in the property market abroad will depend on the returns they get in the first batch of such investments," Frank Chen, Shanghai-based head of China research at property broker CBRE Group Inc., said by phone. "The biggest challenge they face is not knowing the foreign markets well, so it's wise to work with local partners."

China's property developers are expanding overseas as the government maintains curbs on residential housing at home to cool prices. China Vanke Co., the biggest homebuilder listed on the mainland, said in February it joined a residential-property venture in San Francisco.

[...]
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Old October 11th, 2013, 07:15 PM   #3738
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NIMBYs Attack!

57th Street Neighbors Veto Extell's Request For Special Permit



Quote:
Less than a week after 57th Street residents dealt with yet another crane problem at Extell's One57, the developer asked the community to please, oh pretty please, grant him a special permit for the new supertall tower he plans to build. The Community Board, reports the Observer, said no. "I don't think Extell has been a good neighbor," said one board member, summing up the room's general feeling. Extell is moving forward with plans for a 1,550-foot-tall tower at 217 West 57th Street, and the developer is seeking a special permit to allow the building to cantilever over the historic Students Art League next door. Evidently Nordstrom, which signed on as a tenant for the first five floors, "needs" this cantilevered bit to be able to create a column-free space.

The community board's rejection is just an advisory position, so it remains to be seen if the city awards the permit. Even if they don't, Extell is still going to build as-of-right, which, thanks to lots of purchased air rights, allows for the nosebleed height, not that anyone knows what that height will look like...

[...]
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Old October 11th, 2013, 07:22 PM   #3739
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Meet the Newest Building Coming to Tribeca's Franklin Street



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Developer DDG is increasingly prolific, with 41 Bond, 345 Meatpacking, and Soho's former chocolate factory under its belt. Now the firm is moving on to two triangular Tribeca parking lots, between White and Franklin streets on Sixth Avenue. Tribeca Citizen has already dubbed the building—just presented to Community Board 1's Landmarks Committee—the Two Triangles Building because of the shape of the lots. The proposed building, shown above, has a four-layered facade, with fritted glass, reclaimed brick, metal, and interior glazing. On the Franklin Street side, the building will come to the cornice height of neighbor 102 Franklin; on the White Street side, it will be stepped back. The penthouse will be dark so as not to be noticeable.

UPDATE: DDG reps sent along the above clearer rendering of the project. The building is tentatively slated to have 11 residential units and retail space.


Unit price? Don't ask!
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Old October 11th, 2013, 09:17 PM   #3740
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Park Slope About To OD(A) On Terraces



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Developers Silverstone Property Group and Adam America Real Estate spent $14.8 million for a lot at the corner of Fourth Avenue and First Street earlier this year. Now we know exactly what's going to house the 75-rental building displacing the McDonald's that currently occupies the spot along this notably ugly thoroughfare. So bad is Fourth Avenue's rep, in fact, that developers plan on eventually giving the project a First Street address to avoid the negative connotations. Via Adam America's website, we learn that the new development at 275 Fourth Avenue will house "high-end" units, a part-time doorman, tenant lounge, private gym, roof deck, and personal storage space. The setbacks at the top of the building allow for many terraces. The ground floor will have 6,000 square feet of retail, and we have ODA Architecture to thank for the design.
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