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Old October 17th, 2011, 04:54 AM   #1661
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Quote:
Originally Posted by desertpunk View Post
Looks like they put up the cranes today for the Two-in-One Midtown Hotel at Broadway and 54th.

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Construction Site for Broadway & 54th by PeetThePhotographer, on Flickr

Last edited by pcrail; October 18th, 2011 at 04:01 AM.
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Old October 17th, 2011, 11:17 PM   #1662
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Curbed

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manhattanwestsignage1 by curbed, on Flickr

Developer Brookfield Properties announced in April that it's finally planning to move forward with Manhattan West, the Hudson Yards-neighboring stretch between 31st and 33rd streets and Ninth and Dyer avenues. The first elements of the site: a deck over the rail yards, plus a two-million-square-foot SOM-designed office tower, with two more potential towers to come. Now we know all these plans are real—there's signage!

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Old October 17th, 2011, 11:21 PM   #1663
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Old October 19th, 2011, 10:10 AM   #1664
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WSJ

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COMMERCIAL REAL ESTATE - OCTOBER 19, 2011
New York Placing Tallest Order



By CRAIG KARMIN

A Los Angeles real-estate company founded by two former Israeli paratroopers and a Drexel Burnham Lambert executive has emerged as one of the country's most active property buyers. Now it is poised to unveil plans for its main showpiece: New York's tallest residential tower.

CIM Group last year snapped up a prized Park Avenue development site in Midtown Manhattan for $305 million, well below the land's value during the boom years. Developers have considered it one of the most attractive sites in the world because of its location at the heart of New York City.

The firm and its partner, New York developer Harry Macklowe, have been quiet about their intentions. But plans show a more than 1,300-foot tall, slender condo and retail complex designed by Rafael Vinoly, the Uruguayan-born architect best known in New York for designing Jazz at Lincoln Center inside Time Warner Center.

The plans for the project, named 432 Park Ave., call for 128 condos with more than 12-foot high ceilings; a 5,000 square foot, partially covered, driveway to ensure privacy; and amenities like golf training facilities and private dining and screening rooms. The total price tag: more than $1 billion.

There is no scheduled completion date, and the project still faces challenges amid an uncertain economic and market environment. Crucially, CIM needs a construction loan of as much as $700 million. That isn't an easy type of financing to obtain these days, with European banks cutting back because of their debt problems and only a small handful of U.S. banks willing to lend.

Avi Shemesh, a CIM founding principal, said the firm is confident it will get a loan. "We have longstanding relationships with lenders," Mr. Shemesh said. "We anticipate our construction financing to be in place well in advance of any sort of deadline."

CIM's purchase of the Park Avenue site took advantage of the collapse of Mr. Macklowe's real-estate empire. Mr. Macklowe acquired the site, which then housed the Drake Hotel, in 2006. But before he finalized his plans he defaulted on the debt.

Mr. Macklowe is still working on the project, although he no longer has an equity stake, according to people familiar with the matter. A spokesman for Mr. Macklowe declined to comment.

[...]
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Old October 20th, 2011, 09:32 PM   #1665
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Architects revive plans for new U.N. tower
October 20, 2011 11:00AM

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Architect Fumihiko Maki's original plans for the U.N. tower

State authorities reached a deal with the city and the United Nations to revive stalled plans for a $340 million new U.N. tower earlier this month, the New York Observer reported. That means that Japenese architect Fumihiko Maki, who was selected to design the building when the idea first emerged in 2004, will be dusting off his blueprints alongside local partners architecture firm FXFowle and getting back to work. "We have a saying around the office," Dan Kaplan, a principal at FXFowle, told the Observer. "It takes a long time for things to happen suddenly."

Much of the design work has already been completed for a 35-story tower on the site at the southeast corner of First Avenue and 42nd Street, but it will require some changes, Kaplan said. "We're not back to square-one, maybe square 1.5. It's a tight site and a tight building envelope, so I don't think the designs will change that much, but we are going back over everything," he said.

Jeffrey Feldman, president and CEO of the U.N. Development Corporation, told the Observer that he hopes to have the final designs by early 2012. The project is slated to break ground in 2013.

[...]
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Old October 21st, 2011, 01:03 AM   #1666
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I was just about to post that desertpunk! That may need its own thread soon.
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Old October 21st, 2011, 10:52 PM   #1667
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432 Park Avenue, 57th Street Tower

Quote:
Originally Posted by desertpunk View Post
This project used to be called "57th Street Tower".
Now it's "432 Park Avenue".

[IMG]http://i52.************/15cftrd.jpg[/IMG]
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Old October 22nd, 2011, 12:05 AM   #1668
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it's gonna break with the wind
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Old October 23rd, 2011, 07:16 AM   #1669
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Some of the new buildings that have been planned I feel are going to ruin the Iconic Skyline of the city
by 'Some' you mean?
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Old October 23rd, 2011, 09:19 AM   #1670
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Quote:
Originally Posted by eltodesukane View Post
This project used to be called "57th Street Tower".
Now it's "432 Park Avenue".

[IMG]http://i52.************/15cftrd.jpg[/IMG]
This building looks about twice as tall as it should be. Its symmetrical design does not benefit the building.
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Old October 23rd, 2011, 02:21 PM   #1671
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great projects but the last one is bad
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Old October 24th, 2011, 09:07 PM   #1672
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The Real Deal

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Massive West Side development is finally underway
October 24, 2011 08:30AM


A rendering of Gotham West

A Hell's Kitchen development site that's been stalled for more than 30 years has finally closed on financing and begun construction, the Wall Street Journal reported, for 1,258 apartments, more than half of which are affordable, a new school and stores. The $520 million four-building complex, called Gotham West, sits along 45th Street near 11th Avenue, and is being developed by the Gotham Organization. It will have a 31-story market-rate apartment building with 556 units, 682 affordable units across other buildings, 20 condominiums, a 670-seat school, stores and private gardens.

[...]
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Old October 25th, 2011, 01:52 AM   #1673
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Luxury $170M UES project stalled by $6M loan dispute
Builder says it can't close $26M in Canyon Capital funding until fight settled
October 24, 2011 03:30PM

By Adam Pincus

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The developer of a $170 million project to build luxury apartments on the Upper East Side can't get a new loan because an earlier "white knight" lender now wants a piece of future profits even though its loan at the site has been paid off in full. Bluerock Real Estate's stalled high-end development known as the Charles at 1355 First Avenue between 72nd and 73rd streets, is being held up because an unidentified lender wants to remain in the deal even though its $5.57 million second mortgage was paid off in full. Developer Bluerock, led by former restaurant impresario CEO Ramin Kamfar, is claiming in a lawsuit filed Oct. 11 in New York State Supreme Court that the lender, known only as Glacier 1355 First Avenue LP, won't formally cancel the mortgage obligation despite the fact that the note has been paid off.

[...]
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Old October 25th, 2011, 09:54 AM   #1674
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Stanford, Cornell release ambitious green plans for NYC campus
October 24, 2011 09:30AM

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Roosevelt Island & UES - NYC (4-26-06) by hotdogger13, on Flickr

In the battle to win the city's favor, and the $400 million it promises for a new science graduate school on Roosevelt Island, Cornell and Stanford have released plans for their buildings that go far above and beyond the environmental standards set by Mayor Michael Bloomberg. According to the New York Times, the Cornell plan calls for four acres of solar panels, 500 geothermal wells, and two major buildings that would consume no more energy than they produce. Additionally, on hot days the building would actually generate additional power and feed it into the grid.

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Old October 25th, 2011, 07:13 PM   #1675
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I wrote an article on this building, but does anyone have any details regarding the building's specifics?

Article: http://newyorkyimby.blogspot.com/201...r-madison.html




image from http://www.helpern.com/portfolio/midtown-tower/
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Old October 25th, 2011, 10:45 PM   #1676
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Quote:
Originally Posted by babybackribs2314 View Post
I wrote an article on this building, but does anyone have any details regarding the building's specifics?

Article: http://newyorkyimby.blogspot.com/201...r-madison.html

image from http://www.helpern.com/portfolio/midtown-tower/
As far as I know, it's a concept which Helpern says is for an "undisclosed client". Because most clients don't want an architect to release renderings before any announcements about their plans, I would assume that it's a dead project.

Would be interesting though...

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Old October 26th, 2011, 01:26 AM   #1677
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R ther any pictures of Stanford's plans.
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Old October 26th, 2011, 02:48 AM   #1678
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R ther any pictures of Stanford's plans.
Nothing detailed at this time but they have proposed a cleansing marsh as part of their plans.



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Old October 26th, 2011, 05:35 AM   #1679
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thnx
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Old October 26th, 2011, 10:46 PM   #1680
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DNAinfo

Quote:
Interactive Look at Plan to Build New Midtown on West Side



By Mathew Katz and Billy Figueroa

HELL'S KITCHEN — An economic crisis that halted construction throughout much of the city was bad news for the Hudson Yards project, a sprawling set of new skyscrapers and development envisioned for the far west side of Hell's Kitchen. But where construction once stalled, the city-backed project to develop the last bits of prime land in Manhattan has begun to move forward again.

At least one developer is gearing up to start construction in early 2012, and several others are actively courting anchor tenants for their massive new projects. DNAinfo has put together a map of the ever-evolving Hudson Yards project, which is much more than a development over a rail yard, to provide an interactive glimpse at what the area might look like within a decade.

Click the link to the article to view the interactive map: http://www.dnainfo.com/20111025/chel...n-on-west-side


A New Neighborhood

The Bloomberg administration sees the far west side of Manhattan as the "one last frontier" available on the island. The largely industrial area between West 30th Street and West 42nd Street, from Eighth Avenue to the Hudson River, is primed to become a sort of new Midtown with gleaming office towers, high-priced condos, and chic hotels.

Much smaller is Related Companies' Hudson Yards development, a proposed plaza of 16 skyscrapers built on top of what's currently the West Side Yard. Related, along with the Oxford Properties Group, has leased the rail yard from the MTA for a period of 99 years. The plan is to build a deck over part of the yard, and towers on and around that. While numbers and statistics about the project have long been in flux since major work on it got underway in 2005, the city's Hudson Yards website anticipates the area at its full capacity could provide up to 26 million square feet of new office space, 20,000 units of new housing and 2 million square feet of retail space.

The area's gotten major city and state support. By the end of 2013, the MTA expects to finish a project extending the 7 Train to West 34th Street and Eleventh Avenue. The area also had to undergo extensive rezoning, with one section approved by the City Council in 2005, and the other in 2009, to transform the area from an industrial yard to a vibrant mixed-use district.

The city's help hasn't entirely pushed the project forward, but it has provided huge financial incentives to developers and property owners that help spur construction.

Sweetening the Deal

The city has set up two agencies to both attract and finance development. The Hudson Yards Infrastructure Corporation, set up in 2007, is the primary lender for the project's infrastructure, issuing bonds that will help pay for the massive undertaking of building what's essentially a second Midtown.

The Hudson Yards Development Corporation was established to administer the mind-bogglingly complex set of financial incentives open to developers, the largest of which is a massive property tax discount. Applying to the entire Hudson Yards area, property owners can get 15 to 40 percent off their property taxes for 15 years, depending on where and when they build. "The idea is to incentivize developers to build quickly," said Peter Wertheim, the development corporation's Vice President for Financial Development. "Once the first 5 million square feet is built, the discount is ratcheded down to 25 percent, and so on — early actors get the best deals."

Weirtheim said a significant amount of developers have taken advantage of some of the incentives, including one that allows builders to exceed the existing zoning's floor-to-area ratio — basically, how many floors a building can have based on its footprint — by contributing into a district improvement fund that will help build much-needed new infrastructure for the area. The end result: many of the planned new buildings will significantly alter the Manhattan skyline, topping out at 50 or 60 floors.

Will They Build It? Who Will Come?

Developers are largely optimistic that major work on the project will get underway soon, though only one has confirmed that construction is imminent. In January, Brookfield Properties is set to begin constructing Manhattan West, a three-building, six-acre complex bordered by West 31st and 33rd Streets and Ninth and Tenth Avenues. "Occupancy for the first of the new office towers is planned for 2015," wrote Melissa Coley, a spokesperson for Brookfield, in a statement. "We are currently in discussion with a broad range of potential tenants, from media-tech firms to financial services companies."

That lot, at Ninth Avenue and 33rd Street, is currently both a parking lot and a hub for discount carrier Megabus. Megabus has been asked to leave the area by January 2012. Along with Related and Brookfield, Sherwood Equities owns several other large lots in the area, and plans to eventually build them up into gigantic developments, including a 2.4 million square foot building on the west side of Tenth Avenue, between West 34th and West 35th Streets. The building would also stretch west to Hudson Boulevard, a new tree-lined park and street running from West 42nd Street to West 30th Street, between Tenth and Eleventh Avenues.

Several developers could not give specifics on their projects, but a number of them said they are waiting for Related to begin work on their large-scale development before beginning major work on their own projects. The West Side Yard is still surrounded by placards announcing Related's Hudson Yards project, and the developer noted that the already-delayed project has picked up some steam. Joanna Rose, a spokesperson for the company, said that the resurgence of the construction economy, along with tax incentives, have made the marketplace respond to what Related is offering. "We are currently in talks with several large-scale users and have seen great interest in the commercial space at the yards," she said.

Rose was optimistic that construction could begin in mid-2012, though it's unclear how much of the project would be underway by that point, if it begins at all.

[...]
Read more: http://www.dnainfo.com/20111025/chel...#ixzz1buzv7vYN
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