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Old August 1st, 2007, 11:55 PM   #1061
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any heights yuet?
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Old August 2nd, 2007, 04:33 AM   #1062
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hahahha maybe a little longer
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Old August 2nd, 2007, 07:10 AM   #1063
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New beauty to rise in Harlem:

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Old August 2nd, 2007, 07:15 AM   #1064
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is that the luxuxry hotel.??. it looks GooD
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Old August 2nd, 2007, 07:27 PM   #1065
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nice highrise. harlem needs more
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Old August 2nd, 2007, 11:24 PM   #1066
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yea, true. there are so many proposals in harlem, just highrises not supertalls, yet..
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Old August 2nd, 2007, 11:43 PM   #1067
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i love New York, went in 2004 going again this April
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Old August 2nd, 2007, 11:48 PM   #1068
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Quote:
Originally Posted by krull View Post
Ok so I decided to do this NYC thread.
Great piece of architectural beauty.stunning.NY amazing.
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Last edited by i_am_hydrogen; August 3rd, 2007 at 09:11 PM. Reason: Do NOT quote posts with large amounts of photos.
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Old August 2nd, 2007, 11:54 PM   #1069
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Delete the pics from your Quote !!
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Old August 3rd, 2007, 04:49 AM   #1070
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why repost that. Its at the beinning of the thread.
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Old August 3rd, 2007, 06:02 AM   #1071
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and its the old one
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Old August 3rd, 2007, 06:17 AM   #1072
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how tlal are the 2 river place towers gonna be??
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Old August 3rd, 2007, 07:18 PM   #1073
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don't you mean how tall ?

i heard heights from 150m until over 200m. but as fas as i know there has no height been released yet
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Old August 3rd, 2007, 09:16 PM   #1074
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ccsraj, Delete all the pics from your quote, we've all seem tham and you've just wasted an entire page to simply say how pretty New York is! Unless you did that for some perverse thrill of pissing a lot of people off by acting like the biggest n00b in history, you are an idiot. No offence.

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Old August 3rd, 2007, 11:19 PM   #1075
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Alchemy starts condo building with cantilevers on East 77th Street





02-AUG-07

Alchemy Properties is about to start demolition on the northeast corner at 77th Street and Second Avenue in preparation for the construction of a 19-story residential condominium building with 32 apartments.

Kenneth Horn, the president of Alchemy, told Cityrealty.com today that the project should be completed in about 20 months.

FXFowle is the architect for the building, which will have the address of 303 East 77th Street.

Mr. Horn said that the air rights of two adjacent properties, one on the north side and one on the east side, were purchased and as a result the tower will have two cantilevered sections.

The building will have a limestone or granite one-story base and its facade will be clad in greenish-gray Trespa panels.

Most of the apartments will be two- and three-bedroom units, but Mr. Horn said the top floor will be a four-bedroom apartment. He said that apartments will have 9-and-a-half-foot ceilings and that the building will have a doorman and retail on the ground floor.

Alchemy's other projects include the 47-unit Oculus Condo at 50 West 15th Street, the 52-unit Indigo Condo at 125 West 21st Streets, the Paradigm at 146-8 West 22nd Street, 120 Gramercy Hill at 120 East 29th Street, Bond Street Lofts at 57 Bond Street, the Bullmoose at 42-48 East 20th Street and the Lion's Head Condo at 121 West 19th Street.


Copyright © 1994-2007 CITY REALTY.COM INC.
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Old August 3rd, 2007, 11:20 PM   #1076
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Beep says stop on West St. condos


By Josh Rogers
Volume 20 Issue 12 | August. 3 - 9, 2007

Manhattan Borough President Scott Stringer rejected a $550-million hotel and condo project at 50 West St. Wednesday because it includes no money for affordable housing.

Stringer told Downtown Express that the subsidized project has little “tangible public benefit for the city” and there would have to be a substantial investment in affordable housing in order for him to change his mind. Stringer said all of the money the city collects on the project would have to stay in Downtown’s Community Board 1 area. A few hours later, he filed his official rejection, which is only advisory but is likely to have influence with the City Council’s Manhattan delegation. The project cannot proceed without City Council approval.

Under the proposed deal, Time Equities would buy 183,000 square feet of air rights from the city and knock down the green-topped, 1912 building at the southern end of West St. to build a 63-story tower with 400 condos and 183 hotel rooms. Francis Greenburger, chairperson and C.E.O. of Time Equities, said he expected to pay the city about $30 million for the air rights.

Greenburger, in a telephone interview, said he isn’t too troubled by Stringer’s rejection since it is up to the city to fulfill the borough president’s housing goal.

“It’s between him and the city… I would have preferred if he could have worked it out,” he said. Greenburger said it would be “foolish” to build affordable housing units at 50 West because it is a particularly expensive building to construct, but he does think Lower Manhattan needs more below-market housing.

He is looking to acquire a particular Downtown property soon that he said is well-suited for a “substantial affordable housing component.”

Greenburger’s director of acquisition and development, Phillip Gesue, outraged some Community Board 1 members in June when he told them they should move to Brooklyn if they couldn’t afford the rising rents Downtown. Greenburger said Wednesday that he disagreed with his employee.

“That’s not my view,” Greenburger said. “It’s desirable to have affordable housing whenever it is possible.”

Stringer said he has high regard for Greenburger and was hopeful the developer would help create more affordable housing Downtown. C.B. 1 also called for the project to have affordable housing and for the money to stay in Lower Manhattan. Nevertheless, the board gave an official yes to the proposal.

City officials declined to comment for attribution for this article. One, speaking on the condition on anonymity, said the city sees the project as an improvement to the area and has no intention of tying any more specific community benefits to it. The project is next to a dangerous pedestrian area near the entrance to the Brooklyn-Battery Tunnel and includes improving the pedestrian access through narrow Ward St., creating a small public plaza there. Greenburger has agreed to buy laptop computers for I.S. 89 students, which will allow the school to close its computer room and free up classroom space for overcrowded P.S. 89.

The board hoped the conditional yes vote would have more influence than a rejection, but that message may have been lost in translation, at least according to the city official.

“A conditional yes is a yes,” he said.

Stringer said he thought the best way to get changes was to make it clear the current plan was unacceptable.

Julie Menin, Community Board 1’s chairperson, tried to get her fellow board members to take a harder line in June. She said Wednesday she was “quite surprised the board did not have a sense of outrage over West St.” She was surprised that few residents showed up to object to the plan and said that may have influenced board members. She said she was glad when Stringer called to tell her of his decision.

Menin did end up backing the board resolution when members agreed to change the language from “support” to “conditionally support.”

Councilmember Alan Gerson said he wants to add an affordable housing component to the proposal, but he has not made that a condition for his approval. He and his aides negotiated the I.S. 89 computer agreement before the plan was presented to the community board and one aide spoke favorably of the proposal during the early community board discussions.

Gerson said now that the plan moves to the Council, he expects negotiations with Time Equities to resume. He said he has already told executives of the need for affordable housing.

Getting the computers was only a first step, he added. “We made it clear that was a prerequisite,” Gerson said, “but we made it clear that was not enough.”


© 2007 Community Media, LLC
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Old August 3rd, 2007, 11:29 PM   #1077
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MOVINN' ON UP
HARLEM GETTING 2 LUXE HOTELS




ROOM WITH A VIEW: Developer Paul
Reisman is expected to break ground
soon on a hotel on Fifth Avenue and
125th Street.



By BRADEN KEIL

August 1, 2007 -- Harlem already has multimillion-dollar condos and an office building that houses ex-President Bill Clinton.

Next on the list for the area's evolving gentrification are plans for luxury hotels expected to soon break ground.

A 19-story hotel with as many as 260 rooms is planned for Fifth Avenue and 125th Street. It will include banquet and meeting space.

A few blocks away, at 124th Street and Frederick Douglass Boulevard, where an Associated supermarket once stood, space has been cleared, possibly for a fancy W Hotel.

Either project would become Manhattan's first major hotel built north of 110th Street in 40 years.

"I believe it'll be a good idea, more business and more jobs for the community," said 135th Street resident Sherlie Davis, a retired food service worker and 17-year Harlem resident.

"When you have people visiting from all over, it's better for them to stay in the area than to go downtown."

Not everyone was thrilled with the planned hotels.

"That's not Harlem. Harlem was a soulful place. It's taking away from the poor," said 125th Street resident Saba Unogen, 50, a vendor who sells religious garb.

"This is terrible if they open these two hotels. No one will be able to afford them but the rich. Most of the people here are on public assistance and Section 8."

The owner of the Fifth Avenue project, New Jersey developer Paul Reisman, told the New York Observer that he doesn't have a chain to run the property yet.

A broker, who asked that his name not be printed, said, "We're getting close [on a W hotel] - but we've been disappointed in the past."

A Marriott hotel had been planned for 125th Street and Park Avenue, but the project was killed in February 2006, after it was announced in 2003 with great fanfare.

"Harlem is completely underserved for all kinds of retail development," said Jeffrey Roseman, a Manhattan broker with Newmark.

"I'm sure a luxury hotel up there would stay fully occupied."





Copyright 2007 NYP Holdings, Inc.
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Old August 3rd, 2007, 11:36 PM   #1078
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The Residential Market, Too, Surges in Harlem



The Langston, at West 145th Street in Harlem, is one
of five projects acting as 'drivers' of condominium
development in the neighborhood, the president
of Integrated Holdings, Derek Johnson, said. The
Langston includes a full-scale New York Sports Club.



BY MICHAEL STOLER
August 2, 2007

After looking at the surge in development of office, retail, and hotel properties in Harlem in last week's column, I'll now examine the rush of residential development north of 96th Street in Manhattan, which is proceeding at an astonishing pace.

Since 1990, about 4,550 units of free-market condominiums have been developed in Harlem, according to a principal at Guild Partners, Jeff Bernstein. "The bulk of these, or about 4,300, have been built since 2000, and approximately 1,600 units have been proposed for construction in 2007," Mr. Bernstein said.

A recent study by Jonathan Miller of the appraisal firm Miller Samuels showed the average price per square foot for central and east Harlem condominiums rose 39.5% between 2005 and 2006, the biggest increase for a neighborhood in Manhattan.

"New York's condominium market continues to be cited as the exception to the rule in terms of national housing markets," the managing partner at Massey Knakal Realty Services, Shimon Shkury, said. "Many renters found market rate rent increases so substantial that their preference in the ‘rent-or-buy dilemma' quickly changed to buy."

Many of these purchasers are traveling north of 96th street to east, west, and central Harlem to purchase one of the thousands of units under development. "Central and east Harlem sell-outs are the epicenter of such activity," Mr. Shkury said. "Comparable sales show that prices above $700 per square foot are increasingly commonplace, well above the projected $600 per square foot benchmark developers cited a year ago." An associate at Massey Knakal Realty Services, Michael Tortorici, said value buyers "continue to be the driving force behind the establishment of Harlem as a premier residential neighborhood. Harlem continues to be the place where a buyer's dollar goes a lot further in procuring not only more space, but top of the line features and building amenities."

Later this year, at the corner of Fifth Avenue and 110th Street, construction is scheduled to begin on a new mixed-use development that will house the Museum of African Art and a luxury residential condominium. The new building would provide the museum with 85,000 square feet and include 115 luxury condominiums in a 20-story tower under a partnership between the museum and developers Brickman and Sidney Fetner Associates. With a large number of the condominium units facing the park, industry leaders expect the units to fetch in excess of $1,200 a square foot.

On West 110th Street near Morningside Drive, a major residential rental project is expected to be completed by January 2009. In February the ground breaking was held for the Avalon Morningside Park, a rental building developed by Avalon Bay. Last September, the real estate investment trust entered into a 99-year land lease with the Cathedral of St. John the Divine for the site, where they will be constructing a 20-story, 299-unit residential rental property that will contain 80% market-rate units and 20% affordable units.

"Harlem and the surrounding uptown neighborhoods are undergoing an incredible transformation," the chief operating officer, of Citi Habitats, Gary Malin, said. "Residential rental rates continue to climb in Harlem and are no longer the least expensive in Manhattan. As more individuals and retail establishments move into the area, developers will continue to rehabilitate and build additional rental properties. The condominium market in Harlem is also quite strong; prices in new developments can easily reach or exceed $1,000 per square foot."

According to real estate sources, the only condominium in Harlem that has achieved a sales price of $1,000 a square foot is the 48-unit condo located across from Central Park and Lenox Avenue, known as "111 Central Park North."

According the president of the Athena Group, Louis Dubin, who jointly developed the project with the City Investment Fund, more than 70% of the building has been sold, with prices exceeding $1,200 a square foot. The project was recently named by Esquire Magazine as the penthouse of the year. "The Harlem sales market continues to outpace the rest of Manhattan, with demand exceeding supply, with new shops and restaurants opening weekly, the infrastructure is backfilling at an ultra-aggressive pace, which makes Central Harlem one of the most dynamic markets in the country," Mr. Dubin said.

The president of the City Investment Fund, Thomas Lydon, said Harlem "offers excellent investment opportunities especially the residential rental sector. The incomes of the general population in Harlem are increasing so households can pay higher rents — still affordable — for apartments that are upgraded, and offer security and professional management. If people are going to pay more, the manager has to be much more tenant responsive to attract and retain higher income tenants."

A principal at KG Plymouth, Michael Davis, said west and central Harlem and Morningside "arrived as established areas well before east Harlem. East Harlem is still grossly underdeveloped by most standards. East Harlem still features large areas that are ripe for redevelopment, including entire regions that have long been largely uninhabited, and have only recently emerged as live development projects."

The president of Integrated Holdings, Derek Johnson, said there are five new projects acting as "drivers" of condominium development in Harlem. They include 111 Central Park North, the SoHa 118 at Frederick Douglass Boulevard, 5th on the Park at 120th Street and Fifth Avenue, the Langston at West 145th Street and Eighth Avenue, and the Lenox at West 129th Street at Lenox.

"Predictably, each has in their own way triggered a new vitality in their immediate neighborhood, bringing with them direly needed services," he said. "In some cases, the amenities are downright precedent-setting. The Langston is the first residential offering that includes a full-scale New York Sports Club; 5th on the Park offers a chance to reside in Harlem's first all-glass structure; and 111 Central Park North brings to Harlem its first concierge building."

Mr. Johnson added: "Less obvious, but perhaps a more interesting observation is that none of the five developments involved any residential displacement of Harlem residents. Second, the combination of new projects and the plethora of rehabilitations is resulting in significant population growth for a community that is already larger than the city of Atlanta. This combination implies that the community is moving towards a new paradigm for Harlem where, like elsewhere in the borough, new development can only emerge as a result of redevelopment of area by mixed-use projects which provide retail, residential, hospitality and commercial growth."

More than 400 condominiums could be built in three new hotels planned for construction in Harlem. Demolition is under way for Hotel 124, which may be flagged under W Hotels's new brand, aloft. The hotel, a development of the Lam Group, is located on the site of the former Associated supermarket at 124th Street and Frederick Douglass Boulevard. The 130,000-square-foot development is expected to house the boutique hotel of about 130 rooms and 100 condominiums. Last week, construction began for the Harlem Hotel, located at West 125th Street off Fifth Avenue. According to real estate sources, the hotel may have 160 rooms. The developer has not made a decision about whether to build residential condominiums on the top floors. A third hotel, which may be either an Intercontinental Hotel or its new Indigo boutique brand, would contain 130 condominiums and would be built on the site of the former Victoria Theater on West 125th Street, adjacent to the Apollo Theater. Another proposal for the site includes a boutique hotel developed by Ian Schrager with condos at the top of the building.

"Overall the Harlem market is going quite well," the executive director of development marketing at Halstead, Stephen Kliegerman, said. "With the continuance of rising prices below 96th Street and with Brooklyn prices now trending over $800 per square foot on average in the better neighborhoods, Harlem continues to be a value in the New York City."

"What is selling is value," he continued. "For instance, at the Langston for between $630 and $690 per square foot buyers are scooping up two and three bedroom full service condos with a garage (extra fee) and a 25 year 421-a. What is not moving are overpriced inventory, shoddy workmanship and properties with too many amenities which drive up the common charges and make the overall put of pocket unaffordable."

A number of real estate leaders are cautiously optimistic about the residential market in Harlem and other emerging neighborhoods.

A principal at KG Plymouth, Michael Davis, said there are "several risk factors looming for residential developments in Harlem. The 421-a program has been a critical factor for buyers in the areas who are very sensitive to total monthly carrying charges. Barring another change, the elimination of this program in its current form would likely cause at the very least a noticeable decline in the per square foot pricing of development sites, a reduction in condo sales prices, and possibly even a larger slowdown of uptown residential development in general. Additionally, it remains very difficult for a developer to make the numbers work on a new construction for residential rental project, which is an increasingly desirable alternative to for sale development, where plausible. Lastly, the contraction of the broader credit market continues to make it harder to obtain the financing necessary to launch new projects."

The CEO of Stellar Management, Robert Rosania, said: "With the capital markets gone, the days of high-wire act financing on the buying residential units to justify wacky prices just ended. Now, the guys with the big check books and the true trust of the street will be the market makers."

A partner at Apollo Real Estate Advisors, William McCahill, who previously served as chief lending officer for real estate at Fleet Bank, said, "Because of the disruption in the financial markets, there are many highly paid individuals who are concerned about their bonuses, as well as their jobs. That is not good for the condominium market in New York City including the Harlem market."


© 2007 The New York Sun, One SL, LLC.
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Old August 4th, 2007, 12:11 AM   #1079
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all of ny is growing. Almost..
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Old August 10th, 2007, 01:13 AM   #1080
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http://www.nypost.com/seven/08082007...lois_weiss.htm
CHELSEA BLOCK IN REHAB

ROWDY CLUBLAND AREA WILL SEE EXTENSIVE REDEVELOPMENT


FACELIFT: The mood along West 27th Street will change from raucous to residential and artsy.

August 8, 2007 -- THE Chelsea block that's been held hostage by the raucous club-hopping of bridge-and-tunnel crowds may be on the verge of getting some relief.

Several development sites on West 27th Street between Tenth and Eleventh avenues are under negotiation, are in contract or have been sold to developers that intend to put residences above the fray.

Additionally, sources said several clubs are either fending off entreaties or negotiating to be bought out of their leases.

One tenant who won't budge, they said, is Amy Sacco, whose cheap deal for the infamous Bungalow 8 at 515 W. 27th St. still has a few years to go.

Most likely because we weren't asking for bottle service, a call to the club seeking comment was not returned.

The Department of Homeland Security is also going to be displaced from a parking lot it rents at No. 537-545 between Scores West and the Sundaram Tagore Gallery.

Owned by 19 members of the Cirillo family - of Cibro Oil fame - their 124,800-foot development site was just traded to RD Management for $42 million, or $340 a foot. It's also possible to add air rights to go to 180,000 feet, says broker David Schechtman of Eastern Consolidated, who marketed it along with colleagues Eric Anton and Ron Solarz.

"This is turning into one of the busiest development blocks in the High Line," Schechtman said.

While the north side of the block can be a receiver of air rights, the south side remains zoned for manufacturing. Even so, lots are falling like dominoes to those who want to redevelop decrepit buildings into galleries, stores and offices.

Artist-turned-developer Peter Moore has already started construction at 520 W. 27th St. on a new, 100,000-foot building that Schechtman said will be lofts for artists.

Department of Buildings records show approvals for an 11-story building with parking for a dozen cars, ground-floor retail and offices above. A call to Moore was not returned by presstime.

The former home of Spirit, located at 530 W. 27th St., was controlled by former club dishwasher Robbie Wooten and Dominic Kelly, a Dublin-based accountant who also owns 534-536 W. 27th St.

The building at 530 W. 27th St. is in contract to be sold, confirmed Alex Picken of Picken Real Estate & Nightlife Brokerage, who declined to provide other details. E-mails to Kelly were not returned by presstime.

We also hear that the owners of Scores West at 533-535 W. 27th St. are in talks with anyone from anywhere willing to pony up $40 million for their 10,000-foot lease which runs through 2021 and includes its coveted adult license.

"There is no specific offer," an executive with Scores told us. "We get approached by people all the time."

On the north side, the Formato family's horseshoe-shaped old iron scrap yard is also tied up with a hard contract. The site - which includes 505-507 W. 27th St., 521-523 W. 27th St., 504-512 W. 28th St. and 514-524 W. 28th St. - can yield up to 261,000 feet of development.

Marketeers at Holliday Fenolio Fowler did not return calls.

Adding more intrigue: A red Ferrari owned by Philadelphia developer Gagan Lakhma, with plates touting his company initials, "CREI," has been seen parked in the area.

Lakhma also didn't return a call for comment.
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