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Old June 20th, 2014, 07:22 AM   #4701
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Rental conversion at 20 Exchange Place gets $240M loan



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Developer DTH Capital said it will complete the long-awaited conversion of the landmark Financial District building at 20 Exchange Place into a full residential tower, after obtaining $240 million in financing.

Andrew Singer of Singer & Bassuk Organization served as the broker for the loan, which Natixis Real Estate Capital provided. The conversion at the Lower Manhattan property, formerly called the City Bank-Farmers Trust Building, is largely complete. A group of lenders including German commercial bank Helaba provided a $256.5 million construction loan in 2006.
A 600 sq. ft. unit will rent for around $4,000 per month.
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Old June 20th, 2014, 07:43 AM   #4702
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Speaking of conversions, does anyone know how far along is the American International building in its conversion?
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Old June 20th, 2014, 11:12 PM   #4703
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Yimby has a great interview with John Cetra of CetraRuddy where they talk Walker, Stella, Roseland and a bunch of other good stuff, but they also discuss a UES supertall I wasn't previously aware of:

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Lastly, I hear there may be a supertall you are designing on the Upper East Side?

That is going to be a very innovative building — it’s going to be exciting.

And it’s going to be around 1,000 feet tall, yes?

Around.
Anybody know to what that's referring?
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Old June 21st, 2014, 01:48 AM   #4704
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Quote:
Originally Posted by MarshallKnight View Post
Yimby has a great interview with John Cetra of CetraRuddy where they talk Walker, Stella, Roseland and a bunch of other good stuff, but they also discuss a UES supertall I wasn't previously aware of:



Anybody know to what that's referring?
We're sleuthing this one out. My guess is that the site is not yet fully assembled (a la 432 park Ave. in 2012) which is why the developer remains anonymous and why no specific site was mentioned.
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Old June 21st, 2014, 01:48 AM   #4705
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Quote:
Originally Posted by MarshallKnight View Post
Yimby has a great interview with John Cetra of CetraRuddy where they talk Walker, Stella, Roseland and a bunch of other good stuff, but they also discuss a UES supertall I wasn't previously aware of:



Anybody know to what that's referring?
We're sleuthing this one out. My guess is that the site is not yet fully assembled (a la 432 Park Ave. in 2011) which is why the developer remains anonymous and why no specific site was mentioned.
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Old June 24th, 2014, 04:40 AM   #4706
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304 Fifth Avenue:

Small 13-story sliver building going up in NoMad...





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Old June 24th, 2014, 04:44 AM   #4707
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110 Madison Avenue: Another 17-story sliver building just finishing up in NoMad...

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May 2013:

image hosted on flickr
June 2014:

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Old June 24th, 2014, 05:09 AM   #4708
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155 West 18th Street: New condo in Chelsea (between 6th and 7th Avenues)





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Old June 24th, 2014, 05:32 AM   #4709
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505 West 19th Street (foreground) + 500 West 21st Street (background): More High Line condos rising...



Close up of 505 West 19th:
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Old June 24th, 2014, 09:43 AM   #4710
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Site Overtaking Clinton Street's WD-50 Now Accepting Offers



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Last week, the foodie world was incensed by the announcement that the Lower East Side's beloved progressive eatery WD-50 would be closing its doors come November. The statement wasn't a complete surprise, because renderings have already surfaced for a seven-story Isaac & Stern building that may come to occupy the site of 50-62 Clinton Street, a strip of single-story buildings including the restaurant. New news, however, comes by way of Bowery Boogie, who says that Icon Realty enlisted the services of Massey Knakal to shop out the "development site" that they're listing without a price tag and accepting offers on. Massey Knakal's listing says the site "can be delivered vacant."
Last and final course?


WD-50 (11th Course) by Joe Shlabotnik, on Flickr
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Old June 24th, 2014, 11:06 AM   #4711
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432 Park Ave. - 6/22


Construction: 432 Park Avenue, NYC by Jeffrey, on Flickr
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Old June 25th, 2014, 04:25 AM   #4712
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56 Leonard


56 Leonard Street by ILNY_, on Flickr
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Old June 25th, 2014, 08:10 AM   #4713
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Quote:
Originally Posted by sbarn View Post
110 Madison Avenue: Another 17-story sliver building just finishing up in NoMad...
Honestly looks like it has been there forever. Fits right in... literally.
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Old June 26th, 2014, 03:44 AM   #4714
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Downtown Brooklyn, Brace for 714 Apartments on Bond Street



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The design for TF Cornerstone's "massive apartment complex" on Brooklyn's Bond Street has finally been unveiled. New York YIMBY got the first glimpse, plus, in an interview extracted from developers Tom and Fred Elghanayan (get it? TF?), learned that it will be 25 floors and 714 units. Of those, 20 percent will be affordable. The site, whcih toes the line between Downtown Brooklyn and Boerum Hill because of its location between Schermerhorn and Livingston streets, is currently a parking lot. Of course it's getting torn down; join the club. The future 33 Bond Street is entering the demolition and construction phase now
Ugh.
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Old June 26th, 2014, 03:51 AM   #4715
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At Anna Selldorf's 10 Bond in Manhattan, the news is much better: http://ny.curbed.com/archives/2014/0...ond_street.php





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Old June 26th, 2014, 03:54 AM   #4716
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It's Comcastic!

Renovation Planned for 30 Rock Will Recreate Its Rotunda



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The signage atop 30 Rockefeller Plaza isn't the only thing that's changing on the iconic building. The Times and Variety have details about some major changes that NBCUniversal is planning for the interior, the biggest of which involves recreating the Art Deco lobby with a mezzanine rotunda and 16-foot grand staircase. According to the Times, the change, which a NBC rep said is meant to "elevate" the experience for visitors, will requiring breaking through a floor plate. No price tag was given, but the cost is likely in the tens of millions. Gabellini Sheppard Associates designed the renovation, and Michael Gabellini told the Times that the new rotunda is not meant to be a replica when it opens in the spring of 2015.
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Old June 26th, 2014, 04:12 AM   #4717
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That looks weird. They should at least have the "Comcast" sign in red like GE. That rotunda looks nice tho.
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Old June 26th, 2014, 04:13 AM   #4718
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Insurance Funds Released, 3 WTC Can Now Resume Construction

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UPDATED, 3:42 p.m., June 25: The Port Authority of New York and New Jersey voted today to release roughly $159 million of insurance money that was paid by insurers following the destruction of the original World Trade Center complex and is currently held in a reserve fund. The move will help Larry Silverstein to finance the construction of 3 World Trade Center.

RXR Realty head and Port Authority vice-chairman Scott Rechler proposed transferring the insurance money and converting it into cash for construction, as Crain’s first reported, after talks on whether or not to grant Silverstein a $1.2 billion subsidy for the tower broke down. The money was won by Silverstein from the insurers of the original World Trade Center after the complex was destroyed in the Sept. 11 attacks. About $50 million of it will be released immediately.
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Old June 26th, 2014, 04:18 AM   #4719
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A 19-Story Tower is Rising on a Site Once Owned By Senegal



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New renderings have surfaced for a mixed-use building at 235 East 44th Street, one of two adjacent lots purchased by the Republic of Senegal for $23.9 million in 2009, then sold for $25 million at the end of 2013. The site has a clamorous past: following several kerfuffles involving questionable legal shenanigans and developer shopping, Senegal sold the contentious sites. Now, Adam Gordon of Pride Builders is bringing a mixed-use tower to the block between Second and Third avenues.

New York YIMBY speculates, despite DOB filings, that the Gerner Kronick + Valcarel-designed tower will rise 19 stories, cover 70,000-square-feet, and have office space on the first two floors. The new design supersedes earlier plans for a 22-story, 20-apartment (or 12-apartment, depending who's asked) mixed-use development aided by real estate investor Ron Yeffet. Now that Yeffet's out, Gordon's in, and there's excavators on the site, it seems reasonable to believe that the building will be more than a rendering by spring of 2015.
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Old June 26th, 2014, 04:24 AM   #4720
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Black House boss pays $62M for Hudson Yards site



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Sean Ludwick, managing partner of Black House Development, is set to close today on the $62 million purchase of Hudson Yards-area parcels with 160,000 buildable square feet, The Real Deal has learned. Ludwick plans to construct a 64-story tower on the site.

Ludwick, in partnership with a private Chinese equity firm, has applied for the air rights to a 14,000-square-foot former parking lot at 462-470 11th Avenue and 554 West 38th Street. The city owns an extra 160,000 buildable square feet in air rights, for which the developers would pay as much as $40 million, sources said.

It was reported in April that Ludwick paid $115 million for the site, but sources close to the deal said the purchase price of $62 million does not include air rights.

The proposed tower would include 450 hotel rooms, 50 condominium units and a membership-only dining club called the Shanghai Club. Prices for the condos are expected to range from $6 million to $8 million, sources said.

The site, comprising five adjacent parcels, is vacant. The developers are looking to break ground by March 2015 and wrap construction in 2017, sources said.

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