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Old June 8th, 2007, 10:14 AM   #981
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63-story mixed-use tower planned for 50 West Street





07-JUN-07

Time Equities, a real estate company headed by Francis Greenburger, made a presentation last night to the Financial District, Battery Park City and Quality of Life committees of Community Board 1 of its plans to erect a 63-story hotel and residential condominium development at 50 West Street across from Battery Park City.

The slim tower has been designed by Helmut Jahn of Murphy/Jahn Architects of Chicago, who designed CitySpire, Park Avenue Tower and 425 Lexington Avenue in New York and the great State of Illinois Center in Chicago, and Gruzen Samton LLC.

The curved south side of the tower would have a plaza that would provide an alternate and more attractive pedestrian walkway from Battery Park City to Greenwich Street than the existing walkway through the Battery Tunnel Garage.

The proposed building would house a 155-room hotel on floors 1 though 13, 48 "full-service residential units" on floors 14 through 18 and 259 residential condominium apartments on floors 20 through 63. It would have an illuminated top, but no garage.

The ground floor of the tower, which would be designed to achieve a Gold LEED rating, would contain a "light-art gallery showcasing some of the most innovate light installation artists in the world, a caf¿/bar, a restaurant and a "gourmet" corner store grocery.

The project requires text changes to allow a plaza at the site and to permit the transfer of development rights above the Battery Tunnel garage to be used "only in the at-grade area north of J. P. Ward Street, and by special permit only."

In addition, the project requires the demapping of a 8-inch strip between J. P. Ward Street and the applicant's site and a demapping for "a plane above J. P. Ward and the portion of the Brooklyn Battery Tunnel Approach located 37.2 feet above the area between West, Washington, Morris and J. P. Ward Streets.

The Brooklyn Battery Tunnel Approach has about 2.7 million square feet of unused air rights and the 50 West Street project plans to acquire about 183,000 square feet of those air rights.

The project's site is just to the north of the 8-acre Greenwich Street South project that would deck over the Manhattan entrance to the Brooklyn-Battery Tunnel, create a new park and a new, automated, green-roofed bus garage and five residential towers, a plan that was initiated by Mayor Bloomberg in 2002 and which the chairman of the Hugh L. Carey Battery Park City Authority, Jim Gill, said last year he would like to take charge of.

An urban design study for that project was prepared in 2005 envisioned a new, curved pedestrian bridge over West Street to connect the southern part of Battery Park City to Greenwich Green, a new park between Morris and Edgar Streets between West and Greenwich Streets.

Members of the community board indicated they wanted any income from the sale of air rights to the project to be used for projects in Lower Manhattan, indicating that they were concerned about schools, a new pedestrian bridge over West Street, and the area's need for more cultural institutions and affordable housing.

Philip Gesue, director of development and acquisitions for Time Equities, told the meeting that it was considering giving a local school 159 laptop computers with four-year maintenance contracts, to help address the area's school needs. Mr. Gesue said that a bridge from Battery Park City over West Street to his company's site would be difficult to accommodate because of the small size of the site.

Julie Menin, chair of the community board, said that board needed more time to study what amenities it might seek from the development and scheduled another meeting for June 18, the day before it must make recommendations for the project's Uniform Land Use Review (ULURP) applications.

The redevelopment of the 50 West site would involve the demolition of the 12-story, 1912 building once known as the Crystal Building that has a 3-story-high mansard roof.


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Old June 8th, 2007, 10:15 AM   #982
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I posted an early rendering version of this tower before...


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Old June 8th, 2007, 10:53 PM   #983
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great add to Lower Manhattan
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Old June 8th, 2007, 11:12 PM   #984
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Quote:
Originally Posted by michal1982 View Post
how this facade look now????
It's really beautiful. The rendering does not do it justice.
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Old June 9th, 2007, 12:41 AM   #985
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http://www.nydailynews.com/news/2007...t_get_o-1.html
Inn trouble: Harlem hotel plan won't get off ground
--------------------------------------------------------------------------------

Friday, June 8th 2007, 4:00 AM

A controversial development that would have included East Harlem's first upscale hotel has been sent packing by the city's Housing Department.

The planning for the complex, dubbed Avant Caribe, was funded by Benito Fernandez, who records show has a history of misusing public funds, violating labor laws, partnering with criminals and running a nursing home cited for hundreds of violations.

But Housing Department spokeswoman Carmen Boon said yesterday she could not comment on whether Fernandez's reputation influenced the agency's decision.

The 20-story development, proposed for an abandoned city-owned lot between Madison and Park Aves. and 111th and 112th Sts., was to house the hotel, luxury condominiums, stores and a cultural center.

"The Department of Housing, Preservation and Development has not extended the authorization to this group due to their failure to provide a viable proposal to develop the site," Boon said. "HPD will open a public and competitive process later this year to select a developer for the site."

Avant Caribe had been designated the sole candidate for the site in 2003 because of its status as a community-based project. Others may now submit proposals.

Publicly, the pointman for the project has been Fernando Salicrup, executive director of the Julia De Burgos Cultural Center, who dreamed of housing a museum on the first floor. Salicrup said that Fernandez had already spent $7 million on the planning phase. Salicrup added that he fears a different project will be approved without a cultural center or other benefits to the community.

"We're not accepting this at this level," he said, adding he wants to meet with HPD representatives.

Fernandez did not return a call seeking comment.

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Old June 9th, 2007, 12:49 AM   #986
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Wow... Damn so many awesome skyscrapers are planned for New York City! Congrats!
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Old June 12th, 2007, 02:55 AM   #987
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101 Warren yesterday, June 10th



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Old June 12th, 2007, 02:57 AM   #988
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123 Washington yesterday June 10th

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Old June 12th, 2007, 08:14 AM   #989
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Some of these proposals are absolutely spectacular.

110 West 57th Street: 50 floors



11 Times Square: 40 floors - 600 feet


400 Park Avenue Tower: 40 floors - 476 feet







Global Diamond Exchange Tower: 35 floors



1800 Park Avenue: 24 floors



Horizen (On 23rd Street): 21 floors



4070 Broadway: 20 floors

87 Lafayette Tower: 19 floors



The New School Tower (Corner of 14th & 5th Avenue): 16 floors



Delancey Tower: 15 floors



245 10th Avenue: 13 floors



The Avant (559 West 23rd Street): 13 floors

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Last edited by Middle-Island; June 12th, 2007 at 08:22 AM.
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Old June 12th, 2007, 06:33 PM   #990
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indeed, very beautiful new proposals
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Old June 13th, 2007, 03:33 AM   #991
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YAY for NYC!
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Old June 13th, 2007, 03:39 PM   #992
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Boro's experiencing 500M building boom


BY ETHAN ROUEN
Tuesday, June 12th 2007

There have beens some dramatic developments in the Bronx this year - a half-billion dollars' worth.

That's the word from Borough President Adolfo Carrión, who's boasting about the economic progress represented by new residential building projects.

In April alone, he said, the borough added 90 new addresses, representing more than $168 million in investments.

"Every day, more people are seeing the Bronx as a smart investment, and recognizing that this is the borough where your family can grow and thrive," Carrion said. "These developments represent jobs for the entire Bronx, and as I have said for years, the best social program is a job."

Ground was broken in April on 87 new residential buildings, including a $45million, 175-unit apartment building that will shoot up at 1808 Crotona Ave.

In addition, the next five largest buildings will add more than 450 apartments throughout the borough, according to the report.

Investors also will pump $52million into three commercial projects that began in April, Carrión said.

In the first four months of 2007, the Bronx added 331 new addresses worth more than a half-billion dollars, and in the last year, there has been a steady addition of new buildings, including 195 started in August 2006 alone.


The new addresses and the refurbishing of many older buildings represent a revitalization decades in the making.

Crime is down to record lows and the quality of education is improving with the Bronx boasting the best fourth grade in the city, according to the borough president.

In the next several years, the borough will have a new $800million Yankee Stadium. Residents also will be able to shop at the $500million Gateway mall under construction down the block at the old Bronx Terminal Market.

"Through the power of smart investment and strong growth," Carrión said, "we have helped change the story of the Bronx."


© Copyright 2007 NYDailyNews.com.
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Old June 14th, 2007, 08:17 AM   #993
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Developers To Detail $14B Plans Around Penn Station
By ELIOT BROWN
Special to the Sun
June 14, 2007


A plan for building a set of towering skyscrapers, two grandlyscaled train halls, and a new Madison Square Garden around the existing Pennsylvania Station are rapidly advancing, and the state hopes to begin the public review process for the project, known as Moynihan Station, in the next few weeks.

The developers' revised designs, which are said to include a pair of towers taller than the Empire State Building to be built on the current site of Madison Square Garden, could swiftly transform Midtown South into a thriving epicenter of commercial activity centered around one of the largest transit hubs in the country.

The proposals, which could cost more than $14 billion including the private development, are being shown to elected officials and community groups by a joint development team, Vornado Realty

Trust and the Related Companies.

A spokesman for New York's Empire State Development Corporation said the state has yet to complete negotiations about the complex development rights and possible public subsidies for the renovation of Penn Station. Developers say they hope to start construction in 2008 after the sometimes lengthy process of public approval is completed.

The project takes its name from the late Senator Moynihan, who favored the concept of transforming part of the Corinthiancolumned Farley Post Office building, which sits across Eighth Avenue from Madison Square Garden, into a train station reminiscent of the original Penn Station. It has been under consideration for at least 15 years and faced numerous financial and political obstacles.

While the developers had publicly discussed their vision for the comprehensive plan about a year ago, the concept is now refined, more specific, and closer to reality, people familiar with the plans said, and come after a spider web of discussions among the numerous stakeholders that has gone on for months.

People familiar with the designs say they call for a complex containing 5.5 million square feet built on what is now Madison Square Garden. Primarily office buildings, it includes two towers whose spires will be taller than 1,400 feet. Another tower, to be built along Seventh Avenue near One Penn Plaza, would utilize 2 million square feet of developable air rights transferred from the Farley Post Office site.

Under the plans, the existing Pennsylvania Station would be reconfigured to allow natural light into the train hall, which is now buried under low ceilings.

"The whole place will be flooded with daylight," the president of the developers' Moynihan Station Venture team, Vishaan Chakrabarti, said. He called it "a dramatically nicer space that, again, is larger than the main room at Grand Central."

Given its scale, the project could be extraordinarily lucrative for the developers. Vornado has a significant number of other holdings in the area that would presumably skyrocket in value. The magnitude of the project also makes it risky, the developers say, especially since the most lucrative part of the complex — the private towers in the place on the current Garden site — could not be completed until near the end of the project, which could take up to 10 years.

"If you think about it, the place where we make any money is the towers that get built last — it's an extraordinary risk," Mr. Chakrabarti said.

Historic preservation groups, including the Municipal Art Society and the Landmarks Conservancy, have expressed concerns that the main hall in the Farley building would effectively be turned into an entrance for a new sports arena; they took issue with the possibility of using the post office's original sales windows as ticket booths for events.

The developers say the rebuilt Madison Square Garden acts as a critical component for that space.

"It certainly moves the center of gravity of Midtown to the south and the west, and it effectively expands the Midtown central business district with a significant new anchor," the chief executive officer of the Partnership for New York City, Kathryn Wylde, said.
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Old June 14th, 2007, 03:06 PM   #994
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, two towers with 426m +!!! that are wonderful news
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Old June 14th, 2007, 03:09 PM   #995
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Chase Bank Set to Build Tower by Ground Zero

By CHARLES V. BAGLI
Published: June 14, 2007
nytimes.com

After months of sharp bargaining and threats to relocate, JPMorgan Chase is expected to announce today that it has struck a deal to build a skyscraper near ground zero and move its investment banking headquarters from Midtown, according to government officials and real estate executives.

The bank’s planned 42-story, 1.3 million-square-foot tower would rise at the corner of Greenwich and Cedar Streets, the site of the soon-to-be demolished former Deutsche Bank building. Chase plans to move thousands of executives from its Midtown offices at 277 Park Avenue to Lower Manhattan, in what is widely regarded as a boost for the downtown district. It will keep its world headquarters at 270 Park Avenue.

The move would be a reverse in the traditional migratory patterns of financial institutions, which have been moving from the financial district to Midtown for more than 30 years. Government officials and downtown business executives have said that Chase’s move would re-establish Lower Manhattan as a world financial center and validate the trade center as a commercial complex.

Word of Chase’s impending deal with Gov. Eliot Spitzer and the Port Authority of New York and New Jersey has been circulating in real estate and political circles this week, although the Spitzer administration had sworn many people to secrecy.

The governor is scheduled to make the announcement today at his offices on Third Avenue, with executives from Chase and the Port Authority as well as state and city officials on hand.

The governor’s office, the Port Authority and Chase declined to comment.

The agreement provides Chase with a lucrative incentive deal. Plans for the bank’s tower are almost sure to ignite a controversy with the local community board. Because the site is relatively small, the bank tower will have to jut out about 100 feet over a planned park and church on Liberty Street, as well as over Cedar Street, to accommodate trading floors for the investment bank. The tower will therefore cast a permanent shadow over the one-acre park.

The building’s design will require public hearings and a change in the master plan for rebuilding Lower Manhattan.

Chase had actually come to a tentative agreement in April with the Port Authority to pay $300 million for the development rights on the parcel at Cedar and Greenwich Streets, after a series of meetings in December and January between James Dimon, Chase’s chairman, and Anthony R. Coscia, the Port Authority chairman.

It was a remarkable turnaround for Chase, which appeared to be pulling out of downtown only six years ago. It sold its tower at 60 Wall Street and leased space at 1 Chase Manhattan Plaza to other companies.

But after state and city officials refused to provide Chase with what they considered an excessive subsidy package, the bank threatened to move thousands of employees to Stamford, Conn., instead.

Chase had sought a batch of subsidies akin to what Goldman Sachs received from the Pataki and Bloomberg administrations in 2005 to build a headquarters in Battery Park City. Critics of the Goldman deal, who put the value of the incentives at more than $650 million, described the arrangement as the most egregious example of corporate welfare in city history.

Many officials regarded Chase’s threat as part of the usual bluster employed by companies seeking subsidies. Indeed, Dannel Malloy, the mayor of Stamford, said yesterday that the bank had never even contacted him.

Officials in both the Spitzer and Bloomberg administrations have privately renounced the Goldman deal, blaming former Gov. George E. Pataki. They wanted to avoid similar recriminations in coming to an agreement with Chase.

One official familiar with the Chase deal said that the city and the state ultimately agreed to provide the bank with tax breaks, discounted electric power and rent subsidies worth about $100 million, most of which are available to tenants moving to the trade center site.

But it depends on how the dollars are counted. For example, Chase will get a rent subsidy worth about $50 million a year for about 15 years, or $5 a square foot for 750,000 square feet. Tenants at the developer Larry Silverstein’s recently rebuilt 7 World Trade Center got the same deal.

One executive who had been briefed on the deal by Chase said that it would not have been closed unless it was fairly comparable with Goldman’s. “It was a very competitive deal from an overall cost perspective,” the executive said.


Gov. Eliot Spitzer is scheduled to announce the agreement today at his Manhattan offices.
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Old June 14th, 2007, 03:55 PM   #996
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map

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Old June 14th, 2007, 09:10 PM   #997
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Great news about Penn Station and the Chase tower.
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Old June 15th, 2007, 06:42 AM   #998
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42 stories tower? I wish it would be much taller than that.
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Old June 16th, 2007, 03:52 AM   #999
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Another office skyscraper two stories taller is better than nothing at all, or a rez tower. The GS has the same number of floors, yet it's well over 700 feet tall. Keep in mind that this one may have trading floors, which have to be tall. I bet it will be at least 700 feet tall, maybe as much as 850, and if it has a spire or fancy crown, maybe as much as 950'.
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Old June 16th, 2007, 10:34 AM   #1000
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i guess it'll have a spire or at least a crown. but sure is: it'll be taller than the old highrise
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