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Old September 14th, 2008, 08:31 PM   #1461
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Deliriousness at 23 East 22nd Street


27-AUG-08

Rem Koolhaas became very famous with the publication of his marvelous book, "Delirious New York," in 1978 and would go on to create such dazzling new structures as the Central Library in Seattle in 2004 and, most recently, the CCTV Headquarters Building, a huge, angled, looping structure in Beijing.

The developers of the recently topped-out residential condominium tower known as One Madison Park designed by Cetra-Ruddy at the foot of Madison Avenue at 23rd Street recently created considerable excitement in architectural circles when they revealed they had commissioned Mr. Koolhaas to design a 22-story annex at the rear of the new tower at 23 East 22nd Street.

A rendering of the annex appeared August 22 in an article by Edwin Heathcote in the August 22, 2008 edition of the Financial Times. Mr. Heathcote is the architecture critic of the Financial Times.

In his article, Mr. Healthcote notes that good design has begun to reappear in Manhattan and claimed that "the real change is yet to come."

"But," the article continued, "the real change is yet to come. Three skyscrapers currently mooted are among the most intriguing proposals in contemporary architecture. The game was kicked off by French architect Jean Nouvel's MoMA tower (below), a 75-storey latticework spike. Engineering as aesthetic, this is structure stripped bare: even when complete, it will evoke the visceral beauty of the construction process. Herzog & De Meuron's Leonard Street Tower in Tribeca offers a new take on the skyscraper (the design of which will be fully revealed next month): a stack of crystalline boxes bearing down on and squeezing a blobby Anish Kapoor sculpture at its base. Finally, there is 23 East 22nd Street...by Rotterdam's Office for Metropolitan Architecture. It comes to us from the office of Rem Koolhaas....This is an eccentric, clever building, one to be taken seriously. The proposal (revealed exclusively to the FT) is typically provocative. Invoking a world of ziggurats and pyramids somewhere between Metropolis, Dada and Busby Berkeley, OMA brings us essence of Manhattan. It boils down to those steps, the set-backs and terracing so characteristic of the city - but used the wrong way round. Instead of set-backs, we have step-outs, a tottering tower cantilevered over its neighbours, allowing it to grab extra space from thin air while still permitting light to reach its neighbours. Twenty-three East 22nd Street is the zenith of a burst of creativity from the world's top architecture firms, each bringing to bear the intellectual, structural and aesthetic focus that has been so lacking in Manhattan's architecture since the last great explosion of corporate expression in the early 1960s."

The "tottering" design of the tower's rendering, which rises from a quite small plot and cantilevers fully over a low-rise building just to its east, appears to be quite an astounding engineering feat although it bears no contextual relationship to its illustrious neighbors such as the Clock Tower of the former Metropolitan Life Insurance Company, its great north annex building and the Flatiron Building and it clashes madly with the sleek glass facade of One Madison Park, which will have 68 residential condominium apartments. Some of its cantilevered upper floors will have views up Madison Avenue but most will not have views of Madison Square Park.


http://www.cityrealty.com/new_develo...broadway/24422
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Old September 14th, 2008, 08:34 PM   #1462
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Six stories of glass-walled condos being added to 1107 Broadway


27-AUG-08

Yitzchak Tessler has commissioned Eran Chen of the Office of Design & Architecture to add six floors to the 16-story building at 1107 Broadway on the northwest corner at 24th Street that was formerly part of the two-building complex known as the International Toy Center to residential use.

According to a Department of Buildings permit issued August 14, the building will contain 123 residential condominiums.

The new floors are set back on the roof of the existing 16-story building and are stacked in seemingly random fashion and have floor-to-ceiling windows. The building, which overlooks Madison Square Park, is connected to the 15-story commercial building at 200 Fifth Avenue on the northwest corner at 23rd Street, the other building in the former International Toy Center complex, by a skysbridge that was constructed in 1968.

Mr. Tessler acquired 1107 Broadway last October from The Chetrit Group for about $235 million. The Chetrit Group had acquired the toy center in 2005 for about $355 million from a partnership headed by Peter Malkin. The Chetrit Group's had planned to convert the two-building complex, which it called Madison Park West to about 460 residential condominium apartments, about two-thirds of which will be in the 200 Fifth Avenue building. At one point, the Chetrit Group, contemplated creating a 1,300-room hotel and several hundred small rental apartments in the two buildings and there was considerable controversy over the fate of the toy industry in the city.

The 670,592-square-foot building at 200 Fifth Avenue was built in 1909 and designed by Maynicke & Franke. It replaced the Fifth Avenue Hotel that was opened in 1859 by Amos F. Eno and was initially known as "Eno's Folly" because the area was considered too far uptown.

The 16-story, 337,000-square-foot building at 1107 Broadway was erected in 1915 and was designed by H. Craig Severance and W. Van Alen. It replaced the Albemare Hotel and it was joined to 200 Fifth Avenue by a skybridge in 1968.

In April, however, the Chetrit Group sold the 200 Fifth Avenue building to L&L Holding Company LLC for about $480 million. L&L Holding announced it planned to convert that building to Class A office space.

1107 is one of several new residential developments around the park. The former Gift Building at 225 Fifth Avenue has been converted to the Grand Madison residential condominiums and Africa Israel Investments last year acquired the former clocktower on the Metropolitan Life Insurance Company on the southeast corner of Madison Avenue and 24th Street for conversion to residential condominiums.

Meanwhile a new condo tower known as One Madison Park, designed by Cetra-Ruddy has been recently topped out at the foot of Madison Avenue at 23rd Street and plans were recently published for a 22-story annex to it at 23 East 22nd Street designed by Rem Koolhaas.

Mr. Chen, who recently was with the architectural firm of Perkins Eastman, has been involved in several projects in the Flatiron and Ladies' Mile districts including Jade at 16 West 19th Street, the Grand Madison, 650 Sixth Avenue and 15 Union Square West. The latter project, which is under construction also has added floors of shifted boxes, a concept also applied at the recently completed New Museum of Contemporary Art on the Bowery.

http://www.cityrealty.com/new_develo...broadway/24422
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Old September 14th, 2008, 08:37 PM   #1463
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309 Fifth Avenue project switched from condos to hotel


10-SEP-08

The 34-story residential condominium tower planned for 309 Fifth Avenue between 31st and 32nd Streets will now be a hotel project and its design has also changed.

The glass-clad building will have a low-rise base and a setback tower whose top will be illuminated at night.

Ismael Leyva is the architect. His other projects include Plaza 57, Post Toscana, 15 Renwick Street, One Carnegie Hill and 785 Eighth Avenue.

309 Fifth Owners LLC, of which Haskel Cohen is a partner, is the developer.

The mid-block building, which utilizes development rights transferred from a qualified Inclusionary Housing site and air rights from 313 Fifth Avenue, will be 452 feet high, according to documents on file with the Department of Buildings.

The original apartment building design called for a blue-glass-clad tower about 100 apartments and had two cantilevered and angled sections and "sawtooth" northwest and southwest corners with many balconies.

The new design, also by Leyva, now has alternating bands of dark blue and dark green glass and no balconies facing the avenue and the only the top third of the tower is angled.

The area between 23rd and 33rd Street and Fifth and Madison avenues has recently witnessed substantial new residential activity.

A tall residential tower was erected at 425 Fifth Avenue at 38th Street, and another was recently completed at 325 Fifth Avenue, and plans were recently disclosed, among others, for a new mid-block tower at 224 Fifth Avenue across from the recent conversion of the former Gift Building at 225 Fifth Avenue. In addition a major tower is planned at 400 Fifth Avenue and construction is nearing completion at the Sky House at 11 West 29th Street and the new owner of the former Metropolitan Life Insurance Company clocktower building on the southeast corner of Madison Avenue indicated it was proceeding with its residential conversion, which is half a block north of the construction site for One Madison Park, another tall new residential tower at 22 East 23rd Street.


http://www.cityrealty.com/new_develo...os-hotel/24463
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Old September 14th, 2008, 08:39 PM   #1464
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Marketing starts for The Charles at 1355 First Avenue


10-SEP-08

Blue Rock Real Estate, which is headed by Ramin Kamfar, plans to erect a 34-story residential condominium tower at 1355 First Avenue between 72nd and 73rd streets.

The 398-foot-high tower, which will be known as The Charles, will have 51 apartments.


Ismael Leyva is the architect.

The glass-clad building will have many balconies and the western half of its north facade beginning at about the 13th floor.

The building is close to Sotheby's, the auction house, and New York Presbyterian Hospital, both on York Avenue.

There are many restaurants in the neighborhood and there is crosstown bus service on 72nd Street.

From 1988 to 1993, Mr. Kamfar was an investment banker at Lehman Brothers Inc.

He was formerly chairman of New World Restaurant Group Inc., which had about 750 restaurants included Einstein Bros., and Noah's NY Bagels.

A rendering of the development indicated its top would be illuminated at night.


http://www.cityrealty.com/new_develo...t-avenue/24462
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Old September 14th, 2008, 09:04 PM   #1465
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i want to live in NYC
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Old September 15th, 2008, 04:21 AM   #1466
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Does NY never stop booming?
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Old September 15th, 2008, 04:27 AM   #1467
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Has there been a redesign for 309 Fifth Avenue!? What happened to it? Now that's what I call a mess...

That six story addition beng added to 1107 Broadway is looking alot like Herzog & de Meuron's Rubik's cube...

Thanks for the updates krull
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Old September 15th, 2008, 08:34 PM   #1468
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Does NY never stop booming?
i hope not
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Old September 16th, 2008, 06:11 PM   #1469
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City Meets Resistance Over New Housing Plan on NYCHA Land


by Eliot Brown | September 15, 2008

In late 2006, the Bloomberg administration announced an initiative to build new housing on the underutilized land (parking lots and such) of select city public housing projects. Vacant, publicly owned land is now in short supply, the city reasoned. So officials began to look to the NYCHA housing projects as a city-owned resource where space was aplenty, given the "tower in the park" construction that typified the apartment complexes, with large expanses of open space and sometimes parking lots.

Now, seeking to implement the plan in Hell's Kitchen, the city is clashing with the community and elected officials, who claim the city reneged on a promise to build middle- and moderate-income housing.

At NYCHA's Harborview Terrace housing project on West 55th Street, the city has selected Atlantic Development to build two buildings with a total of 342 apartments, with 148 low-income units, 72 middle- and moderate-rate, and 122 market-rate, according to numbers presented to the community board. The project first went before the City Planning Commission last week and is being reviewed.

But members of the community board and elected officials point to a city commitment to build moderate- and middle-income housing as part of the 2005 Hudson Yards rezoning, and they point to a pledge to use publicly owned sites including Harborview for that purpose. The new development at Harborview, the community board says, was supposed to be a mix of housing, with the majority being moderate- and middle-income.

Many incentives built into the rezoning create low-income units as part of larger new apartment buildings, but new middle-income units are in relatively short supply, the community says. Thus the community board says the project needs far more middle-income units, perhaps with more city subsidy if needed (the community board wrote a letter that was critical of the project earlier this summer).

"The market is producing low-income, using the 80/20 program," said Anna Levin, land-use co-chair of Community Board 4. "We want this to be an economically mixed community. We need levels of affordability for moderate- and middle-income people as well, because there are no tools to motivate the development [of that type of housing]."

Local Council Member Gale Brewer is backing the community board, and given that the project needs City Council approval, its fate is uncertain.
"I support the community board," Ms. Brewer said. "We always thought we would have middle-income housing, and maybe some low-income, and very little market [-rate].This is a great deal of market housing."

Seth Donlin, a spokesman for the city's department of Housing Preservation and Development, said the breakdown of units by income at Harborview reflects a need for the project to be financially feasible. (Low-income units tend to be easier to finance and incentivize given an array of government programs, whereas middle-income units tend to require more city subsidy.)

Further, Mr. Donlin said, the pledge to build moderate- and middle-income units is district wide, not specific to this site.

"The agreement was not made project by project--the agreement was made for the area that was rezoned," he said.


http://www.observer.com/2008/real-es...ing-nycha-land
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Old September 18th, 2008, 06:41 AM   #1470
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Financial crisis likely to slow NYC real estate


By AMY WESTFELDT
September 17, 2008

The Wall Street crisis hitting the heart of the city's financial district should slow construction of its biggest commercial real estate projects, including the World Trade Center and Atlantic Yards in Brooklyn, real estate experts said Wednesday.

"Basically, people are afraid," said Tom Geurts, a professor at New York University's Schack Institute of Real Estate. "Although a project could be profitable, they are afraid to put their money in it because they don't know what is going to happen."

In the short term, businesses in partnership with Lehman Brothers Holdings Inc. and American International Group Inc., which had over $50 billion invested in commercial real estate around the country, had their deals threatened. Lehman and AIG were investors in many large real estate deals.

Barclays PLC's takeover of Lehman's assets included the midtown office building it owned and will keep many of the employees in the skyscraper, valued at $1.7 billion. Lehman bought the tower earlier this decade after leaving lower Manhattan in the aftermath of Sept. 11.

"That's very good news, because otherwise 10,000 people would have been out of work and we would have had to deal with that. And we would have had another million square feet of office space on the market," Mayor Michael Bloomberg said Wednesday. "This deal means that the building stays full."

Other real estate executives weren't so sure their office buildings would stay full. Investment bank Merrill Lynch & Co. Inc., which was also sold amid this week's turmoil, had been courted by several developers as an anchor tenant in a tower near Penn Station, its current home at the World Financial Center and at a tower planned by developer Larry Silverstein at ground zero.

But the bank dropped out of talks at ground zero days after the owners of the World Trade Center site said plans for office towers, a Sept. 11 memorial and transit hub were all behind schedule and over budget.

Silverstein said in a statement Wednesday that he was confident that there will be demand for more than 6 million square feet of office space he is responsible for building at ground zero.

"The naysayers, then and now, don't seem to understand that we are building in anticipation of future demand, not based on today's market," he said. "Just as New York City's economy recovered from 9/11, it will recover from recent events."

But Silverstein has no main corporate tenants for his trade center site towers. The Port Authority of New York and New Jersey, which is building two towers, also has no major financial companies; the government has committed to half of the space in one of the towers.

At the multibillion-dollar Atlantic Yards project in Brooklyn, developer Bruce Ratner long ago decided to postpone building a planned office tower until a major company agrees to move into the building.

A planned 26-acre development over a forlorn stretch of rail yards on Manhattan's far West Side has no tenants secured, although the developer Related Co. is still years away from seeking financing to build and has partnered with Goldman Sachs Group Inc. as an investor.


Analysts said that developers who want to build speculatively without corporate commitments will probably have to put off their plans.

"There's no doubt that the big commercial projects will have to be brought online over a longer period of time," said Kathryn Wylde, chief executive of the Partnership for New York, a business group. "Because nobody wants to sit there paying debt service on an empty building."

Wylde said that other projects, such as Columbia University's expansion in West Harlem and a Goldman Sachs headquarters that is topping off across from the trade center site, are positive signs. And the plans for ground zero, which include five office towers, are partially financed with billions of dollars in insurance payments recovered after the Sept. 11 attacks.

The current agreement with Silverstein, for example, would force him to give up his rights to three towers if he does not finish building three towers by 2013. The Port Authority has said it will revise its schedule by the end of the month. Wylde said several agreements like it should be rewritten to space out building in the uncertain market.

"There is room for renegotiation in light of a fiscal and economic crisis that no one anticipated," she said. "The next five years are going to be a little dicey."


http://www.businessweek.com/ap/finan.../D938P8I00.htm
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Old September 18th, 2008, 06:49 AM   #1471
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New York never stops to intrigue my thoughts, thanks for the update krull!

This building is just simply amazing to me. It reminds me of Eureka Tower in Melbourne, but with an astonishing twist!

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Old September 19th, 2008, 10:13 AM   #1472
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I think once the dust starts the settle / market stabilizes the developers will still push projects ahead. By the time construction is done the down cycle would be over and the demand for more space will pick up and fill up these new buildings.
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Old October 15th, 2008, 03:48 PM   #1473
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Renders from Hayes Davidson's website, for all the New York peeps:





Wasn't sure if you guys had seen these yet? There are lots more in the site, go and have a look around!
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Old October 15th, 2008, 05:28 PM   #1474
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^ Thats realy cool...
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Old October 15th, 2008, 07:18 PM   #1475
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Those towers won't be built. America is in a financial crisis.
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Old October 15th, 2008, 07:31 PM   #1476
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Quote:
Originally Posted by Hed_Kandi View Post
Those towers won't be built. America is in a financial crisis.

The crisis won't stop every building from getting build. Of course some banks or other compagnies decide to not build an new HQ yes. Build there will always be new buildings needed in a city.
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Old October 15th, 2008, 07:38 PM   #1477
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Quote:
Originally Posted by Hed_Kandi View Post
Those towers won't be built. America is in a financial crisis.
Your head is in financial crisis. Please stop posting same thing in every NY thread, you look like an ass.
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Old October 15th, 2008, 07:38 PM   #1478
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Yes they will. My cousin is being assigned to the train yards where the platform IS going to be going up in the very near future. Hed Kani you have no clue what you are talking about when you say every project in New York City will be cancled. If you continue to troll around saying things that are going to get built will not I will have to report you to moderation for baseless comments that just keep getting repeated.

In the meantime for everyone else...my cousin is a local 3 electrician currently working at the Beekman Project downtown. He says after his furlow he is supposed to work on this platform for this very project.

Furthermore--noone said New York wasn't safe from seeing cancelations in projects but from what I've seen on curbed, wired (actually much more resourceful than this site on NY projects) that the only thing so far to be canceled due to lack of financing has been Steven Holls project for 10th Avenue and I don't even think that is canceled.

Hed Kani--due yourself a favor and stay out of the Ny construction forums because I will be on you like white on rice and if you continue to troll with no information to back up your statements then what other choice will the mods have but to suspend your precious account.


So why would they begin hiring electricians for a site that will not be going up? Brookfield will not let this one go, believe me. To everyone else reading- Hed Khani just does not want to see buildings going up in New York and is most likely very much against new buildings going up in New York. The only english he probably knows is ( this is not going up because of the financial crisis) since he can't seem to respond to backlash that he has been getting and deserves.
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Last edited by nygirl; October 15th, 2008 at 07:44 PM.
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Old October 15th, 2008, 09:23 PM   #1479
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Quote:
Originally Posted by webeagle12 View Post
Your head is in financial crisis. Please stop posting same thing in every NY thread, you look like an ass.


yeah! let's make this crisis disappear! all these speculators looks like asses.
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Old October 16th, 2008, 07:32 PM   #1480
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furthermore, since I have limited insider information on Brookfields property on 9th avenue....local 3 Union is indeed investing alot of money into the site. So while you certainly will see a slow down in NYC construction ( probably a job loss of 50,000-100,000) you will not see a complete stand still. Developers are not stupid. They are not going to fund a condo project they know is not going to get sold within the next two years but an office tower will go up with the expectation that that market will bounce back, which it will.
People like hed khani just want to see failure in New York, they don't understand what it takes to stop a project or keep a project going during a financial crisis. I hope those of you reading that are awaiting the Midtown West project will trust my judgement over his.
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