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Old February 10th, 2014, 03:30 AM   #4161
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Quote:
Originally Posted by tubeworm View Post


$350M mixed-use Bronx project to break
Compass Residences will be the borough's largest private real estate project ever
Julie Strickland January 22, 2014 04:20PM


Rendering of Compass Residences
Quote:
A new ten-building residential development in Crotona Park East in the Bronx — the largest private real estate project in the borough to date – kicks off construction Thursday.

The Compass Residences, a 1,300-unit affordable housing development on the corner of 172nd Street and Boone Avenue, is being developed by a group that includes Signature Urban Properties, GTIS Partners, MBD Housing and Monadnock Construction, according to a release from the Department of Housing Preservation and Development. The first phase, which kicks off Thursday, will create 237 units of affordable apartments on the industrial site. The entire project should be finished by 2019.

The project is rising in an area that is currently made of derelict warehouses, according to previous reports. Rezoned from industrial to mixed use in 2011, the area now permits buildings up to 15 stories.

The estimated total cost for the site, which will also contain 46,000 square feet of retail space, is estimated to be around $350 million.
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Old February 10th, 2014, 03:33 AM   #4162
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NEW YORK | 34 East 51st St | 295 FT | 21 FLOORS

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Originally Posted by tubeworm View Post
New York YIMBY:

Revealed: 34 East 51st Street
BY: NIKOLAI FEDAK ON JANUARY 28TH 2014 AT 6:00 AM



Quote:
On-site renderings have been posted for the SOM-designed 34 East 51st Street, which will stand 21 floors and 295 feet. The project’s developer is Sedesco, and the building will add nearly 60,000 square feet of office space to Midtown East.

Size limitations leave little room for creativity, as the lot is only 50 feet wide; given the small scope, the design is more than satisfactory. As the building tapers, part of the street-wall retreats, adding a sense of depth to the facade, and the contrast with the stark angles of neighboring boxy towers will be beneficial to the block’s aesthetics.

Since the last update from two weeks ago – when the only design documents available were drawings — the tower has progressed above ground level, and already stands two stories tall. A rapid pace of construction seems to be common amongst SOM’s projects, and the firm’s 250 West 55th Street — another office tower — was completed well ahead of schedule.

Whether construction is similarly quick at 34 East 51st Street remains to be seen, but the tentative completion date is January of 2015.


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Old February 10th, 2014, 03:36 AM   #4163
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NEW YORK | 538 West 58th St | 202 FT | 18 FLOORS

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Originally Posted by tubeworm View Post
New York YIMBY:

Revealed: 538 West 58th Street
BY: NIKOLAI FEDAK ON FEBRUARY 3RD 2014 AT 6:00 AM


538 West 58th Street -- photo by Andrew McKeon

Quote:
Another site on the far West Side is moving along; permits indicate 538 West 58th Street will soon become an 18-story hotel with 230 rooms, measuring 62,544 square feet. The architect of record is Gene Kaufman, and the developer is Barone Management. Sam Chang is also involved, and the project has apparently been upsized since last year, when it was originally slated to have 208 rooms.

Renderings have been posted on the perimeter fencing, and the project looks fairly typical for a Chang & Kaufman collaboration. The scope of 538 West 58th Street is more impressive than their average project, and the lot’s width is 100 feet; the configuration will result in two seemingly separate components, staggered back from the street-wall at different lengths.
....

Demolition permits for the old 530 West 38th Street were approved in November of 2013, and the structures is now coming down; while foundation work has yet to begin, work is expected to be completed in May of 2015.

Demolition at 532 West 58th Street — photo by Andrew McKeon


538 West 58th Street — photo by Andrew McKeon


Zoning Diagram
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Old February 10th, 2014, 03:41 AM   #4164
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NEW YORK | 145 East 47th St | 226 FT | 22 FLOORS

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Originally Posted by tubeworm View Post
New York YIMBY:

Revealed: 145 East 47th Street
BY: NIKOLAI FEDAK ON FEBRUARY 7TH 2014 AT 6:30 AM


145 East 47th Street -- blue house at center, via Google Maps

Quote:
Permits have been issued and renderings have been posted for a new hotel coming to 145 East 47th Street; the tower will stand 22 stories, with 93 rooms in total, as Curbed reported last year. C3D is the architect of record, and the developer is 145 East 47th Street LLC.
....

A 2014 completion date is mentioned on C3D’s page, though with permits just recently secured, that seems unlikely. Still, the small scope of the development should guarantee quick progress, and the new building should be topped-out relatively quickly — likely by 2015.

145 East 47th Street — from C3D Architecture


145 East 47th Street — from C3D Architecture
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Old February 10th, 2014, 03:42 AM   #4165
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Originally Posted by mrnyc View Post
Columbia University science center

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Old February 10th, 2014, 03:43 AM   #4166
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150 charles is definitely installed!










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Old February 10th, 2014, 07:08 AM   #4167
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Quote:
Originally Posted by streetscapeer View Post
This thread's been kinda slow, so I'm gonna dump a whole bunch of stuff that mostly Tubeworm at SSP has posted since December.
Forty odd new development updates at once? That is impressive. Thanks for all the updates!
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Old February 11th, 2014, 04:10 PM   #4168
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NEW YORK | 151 E78th Street | 16FL | Prep

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Originally Posted by Winoc View Post
Permits Filed: 151 East 78th Street

By: Nikolai Fedak on


February 10th 2014 at 6:00 am

Quote:
Plans are moving forward for a 16-story residential development at 151 East 78th Street. The site comprises two townhouses — bought back in 2012 — as well as the former Ackerman Institute, which spans 149-151 East 78th Street. Renderings appeared late last year, and permits for the new building indicate the developer is Spruce Capital, while the architect is the highly-acclaimed Peter Pennoyer.


This building is fantastic! Props to YIMBY for finding it!
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Old February 11th, 2014, 05:55 PM   #4169
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I don't like the top but the rest is nice.
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Old February 13th, 2014, 11:14 PM   #4170
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what a beautiful small highrise !
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Old February 14th, 2014, 04:12 PM   #4171
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I love all of it. It's Amsterdam meets New York
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Old February 14th, 2014, 05:14 PM   #4172
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Rather England meets New York. And actually It's typical new-yorkish style.

Amsterdam is here:

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NYC & EastCoast USA!

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Old February 15th, 2014, 12:50 AM   #4173
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Plans For Studio Gang's First NYC Project Hit A Roadblock
http://ny.curbed.com/archives/2014/0..._roadblock.php



Quote:
Plans were revealed for architect Jeanne Gang's first ever New York project in late 2012, but it seems that the High Line-abutting, angular office tower has run into a delay. The Greenwich Village Society for Historic Preservation gleefully reports that during this week's Board of Standards and Appeals hearing, the developer, William Gottlieb Real Estate, withdrew the application for a zoning variance to build the tower. As designed, the 180,000-square-foot structure, located on Tenth Avenue between 13th and 14th Streets, is 34 percent larger than what's allowed on the site, and the developer asked for a "hardship" variance because the High Line intersects the site, thus taking up buildable space, and because the site sits atop landfill.

The variance was opposed by preservationists who didn't want more light and air to be taken away, but it's unclear why the developer withdrew the application. It's also unclear if they will be re-applying or if this means the design of the building will change; we've reached out to the involved parties for more information. Studio Gang's website has details about the proposed building, which they call Solar Carve because they use "angles of the sun's rays to sculpt" the building's shape. To avoid shadows on the High Line and maintain views to the water, the tower has a series of reverse setbacks, creating a geometric gem-like facade.

It'll be a shame if the project gets snuffed out altogether; with HL23, 245 Tenth Avenue, and the Standard, plus plans for Zaha Hadid's first building and all the Hudson Yards towers, the High Line is becoming one of the most architecturally interesting corridors in the city. .
You can see more renderings of the Solar Carve at Studio Gang's website
http://studiogang.net/work/2010/solarcarve
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Old February 18th, 2014, 07:17 AM   #4174
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Construction Permits In Place For SHoP's 57th Street Tower



Quote:
While work on one 57th Street tower draws to a close, work on another is set to begin. A tipster alerted us to the fact that work would soon be starting on SHoP's 77-story, 1,350-foot-tall tower at 107 West 57th Street, and freshly filed permits with the Department of Buildings confirm that to be true. The project won approval from the Landmarks Preservation Commission last year, and a slew of new building permits have been approved since the start of 2014, the most recent of which was approved last week. Documents shared with Curbed from our tipster show that the architects and development team filed a "Construction Code Determination" form, which was approved in late January, to be able to start foundation work as soon as possible "due to the unusually complex construction logistics and durations." The document also notes that "all funds are in place to commence construction."

The updated permits also have an updated (but not yet approved) Schedule A filing, which breaks down the layout inside the building. There will be 61 units, with residences starting on the 10th floor. The facade of the landmarked 17-story Steinway Building, which currently sits on the site, will be preserved, but the interior will be demolished and rebuilt as part of the new building.

[...]
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Old February 18th, 2014, 07:29 AM   #4175
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Quote:
Originally Posted by desertpunk View Post
New Marriott Edition Hotel In Times Square To Emphasize Ian Schrager Upscale Chic



[img]http://****************.wordpress.com/2014/01/marriott.jpg[/img]


Awful! Absolutely reprehensible! 701 7th Avenue, a centennial mid-rise which famously contained the Mayfair Theatre, one of the last large-scale theater buildings directly on Times Square, is being destroyed for a glass box. I mean, if the developers were able to purchase this prime real estate, they could have bought the rest of the block, saved the Mayfair Building, and constructed the tower in place of the low-rise crap on the north side of the block. The hotel guests would get a better view anyway...

Even if the whole Times Square side of the block was razed, at least something more appealing could be proposed. While the time-appropriate glass boxes from fifty years ago (Paramount Plaza and 1500 Broadway) were proportionate to the whole blocks they covered, and the postmodern generation fostered better buildings (Morgan Stanley Building and 1540 Broadway), the current generation is full of mediocre projects from the biggest nimrods.
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Old February 18th, 2014, 10:37 AM   #4176
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In the 'What if...' category, here's a render of the Hudson Spire as envisioned by the site's promoters:

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Old February 19th, 2014, 07:26 PM   #4177
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Revealed: 18 West 56th Street


http://newyorkyimby.com/2014/02/reve...h-street.html#
Quote:
Renderings have been posted for a hotel that is about to begin rising at 18 West 56th Street; the building will stand 16 stories and 196 feet tall. Stonehill & Taylor is the architectural firm of record, while Firmdale Hotels is developing the site.

Excavation is well underway, and work on the foundation is about to begin; permits for the development were partially approved in December of last year. With 86 rooms, 18 West 56th Street’s closest comparison may actually on the other end of the island, as Stonehill & Taylor and Firmdale also worked together on the Crosby Street Hotel in SoHo, which has a similar aesthetic.

Firmdale’s latest addition is quite promising; for starters, the exterior will be flush with the existing street-wall. Enormous casement windows will dominate, and while the facade material remains mysterious, the design seems to offer a historical take on the ‘industrial chic’ aesthetic — a combination that is undervalued. Visually, 18 West 56th Street will be far superior to surrounding buildings, and the development will be a positive influence on a Midtown block that remains relatively dingy.

The rendering of 18 West 56th Street also shares similarities with the nearby Viceroy — designed by Roman & Williams — at 120 West 57th Street. Together, the developments represent a concerted push to design hotels that actually look nice, with proximity to ‘Billionaire’s Row’ likely a driving factor. Positive externalities of the 57th Street boom are often ignored, but an increase in the quality of the neighborhood’s new buildings is definitely noticeable.

Details remain lacking — and mud splattered across the rendering does not help — but at least the project is progressing. Completion is expected in the fall of 2015.

Last edited by Ghostface79; February 19th, 2014 at 07:31 PM.
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Old February 19th, 2014, 07:33 PM   #4178
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East Harlem Community Board signs off on towers that would be tallest
http://www.nydailynews.com/new-york/...icle-1.1619177


Quote:
Build it and they will shop.
An East Harlem community board voted unanimously Tuesday to approve a zoning variance that will allot more retail space and less parking to what could become Harlem’s tallest buildings.

“We think the trade-off between parking and retail is beneficial to the neighborhood,” said George Sarkissian, district manager of Community Board 11, of the massive mixed-use project at 1800 Park Ave. at E. 125th St.

The additional retail, which will be expanded to include 63,200 square-feet of ground floor and second-story space, will slash available parking to just 123 spots for 682 residential units at the 32-story complex, community board members said. Originally, 304 spaces were slated for residents at the two buildings.

Under an original plan, the second floor would have been used as a parking garage for residents of the buildings.
When they’re completed in 2017, the two buildings will stand as Harlem’s tallest structures, officials said.
Whatever fears arise from the limited parking, community leaders cheered the potential for neighborhood employment.

“Those additional jobs are important to a community that is struggling with 17% unemployment,” Sarkissian said.
The existing zoning had mandated that building developer Continuum Co. provide parking spaces for 40% of all residential units. That means the developer would have made parking available in underground space and on the second floor.
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Last edited by Ghostface79; February 19th, 2014 at 07:40 PM.
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Old February 20th, 2014, 01:56 AM   #4179
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Speaking of Harlem...

Harlem is the new Midtown South, says office developer

Quote:
Janus Property Company believes Harlem could be the new Midtown South.

Days after tapping Cushman & Wakefield to market its 300,000 s/f Taystee Building at 450 West 126th Street, Janus principal Scott Metzner told Real Estate Weekly that he sees similarities between West Harlem and Midtown South, and hopes to attract tech companies — among others — to the property, the third building in the company’s partially state-financed Manhattanville Factory District, a three acre development between 125th and 128th streets and Amsterdam and Convent Avenues in West Harlem.

The 150,000 s/f Mink Building and the 50,000 s/f Sweets Building are fully leased to tenants that include media, arts and tech firms such as Reflective X-ray Optics LLC, a company founded by a former research scientist in the Columbia Astrophysics Laboratory.

Metzner said that, much like Midtown South, the neighborhood has old-time charm, great subway access lots of small restaurants and bars.

“There is very, very strong demand for office space in the neighborhood,” said Jonathan Fales, the Cushman & Wakefield leasing executive who is leading the assignment with Myles Fennon and David Itzkowitz. “Between Columbia University’s expansion to the north and City College’s expansion to the south, the Taystee Building is uniquely positioned to attract several spin-offs from both universities.”

Construction on the Taystee Building is set to begin later this year and the building should be ready for occupancy by mid-2015.

The property is being built on the site of a former bakery on West 125th Street. Designed by LevenBetts, it will also offer 20,000 s/f of retail space.
Metzner said the project has already received “a lot of interest” in terms of both leasing and finance.

In December, the New York Daily News reported that the Harlem Brewing Company was rumored to be a prospective tenant, but so far no agreement has been reached. The paper also reported that Greenpoint Manufacturing and Design Center had initially showed interest in moving in, but later backed out.

Holley Drakeford, a broker with Giscombe Realty Group who specializes in Harlem, considers the Taystee Building a “very viable project” – not just because of Harlem’s cheap rents. “Once Columbia finishes its expansion, all the office space in the area will become wanted property,” he explained.

[...]
The Taystee Building:

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Old February 20th, 2014, 06:50 AM   #4180
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I'm on the fence on this one, trying to figure out if the design is original or plain horrible.
Tho the idea of crowd funding in real estate is one I hope takes hold.

http://www.dnainfo.com/new-york/2014...investors-cash
Crowdfunding Comes to Real Estate as Websites Seek Small Investors' Cash




Quote:
A crop of new real estate startups is turning to crowdfunding as a way to get buildings off the ground.

Instead of developers having to rely on banks or professional investors, these new platforms let them go directly to “the people” to finance projects — and individuals previously shut out of the world of real estate investing typically reserved only for the super-rich can now buy a slice of the pie for as little as $100.

“In the wealth management world there are only two big assets: bonds and stock, and this is the creation of a totally new asset class," said Rodrigo Nińo, Prodigy Network’s founder and chief executive officer.

"People have the opportunity to invest in something that wasn’t available before."

Nińo’s New York-based company turned to the “crowd” to raise more than $30 million — with starting shares of $100,000 — to convert an apartment building in the Financial District into a 23-story 191-unit luxury extended-stay business hotel.

Nińo is hoping its “cotel” — as the project at 17 John St. is called — will spur a unique kind of “collaborative community” of likeminded guests. To get started designing its lounges, co-working spaces and other communal areas, Prodigy is launching a public competition at an event Thursday at Social Media Week.

It’s transformative and disruptive,” Nińo said of using crowdsourcing to fund commercial real estate projects. “It opens a $15 trillion industry.”

His goal is to build something big here with shares starting at $20,000, he said, noting that Prodigy is working on a massive 1.2 million-square-foot, 66-story skyscraper in Colombia that 6,200 investors helped fund with shares starting at that level.

these companies are making it easier to become mini moguls with many investors putting money in multiple projects, explained Nav Athwal, CEO of the California-based RealtyShares where investments average $12,000.

Athwal, whose company is planning to announce its first New York City-based crowdfunded project in the coming weeks, echoed that the process is good for those who always wanted to invest but never had the access before.

In the past, he said, “If you want[ed] to invest in real estate there’s only a limited way: Buy your own apartment and manage it ... Or you have to be part of a private syndicate [of investors], and it’s the country club model of who you know.”
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