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Old November 18th, 2011, 05:04 AM   #1721
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Quote:
Originally Posted by CrazyAboutCities View Post
Is there any plans to replace NYC's low income housing projects with new and taller ones?
The NYCHA and HUD are both focused on incentives for private affordable housing development. A lack of meaningful federal funding has virtually ended much of the purely public housing development seen since WW2. If a private developer were to propose razing the pjs and building taller housing, they would face legal battles over replacing apartments for displaced people who do not meet the kind of income criteria needed to make such development financially feasible without huge subsidies from the feds. The scant subsidies already available are probably going to dry up with the coming austerity. And the city is too low on revenues to replace federal funding.
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Old November 18th, 2011, 05:23 AM   #1722
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Gehry Gone!

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Quote:
Atlantic Yards' Modular Rental Tower Will be World's Tallest
Thursday, November 17, 2011, by Kelsey Keith

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Putting to bed a year of speculation over the trajectory of the first Atlantic Yards residential building, Forest City Ratner announced this morning that so-called B2 will indeed be built with modular construction. And, once completed, the SHoP-designed, Arup-engineered edifice will be the world's tallest modular building, clocking in at 32 stories. It's the first of three residential towers planned for the site bordering Barclays Center, clustered around Flatbush Avenue and Dean Street. Citing the aesthetic of the firm's previous work on Curbediverse obsession Porter House (bold!), ShoP showed us fresh renderings of the tower and its two facade materials.

---

Assuming Forest City Ratner can make peace with the unions and secure financing, which we are assured are "parallel paths," groundbreaking on B2 will happen in early 2012, with expected completion in 18 months. Aaaaand about those unions: though only 40% of the labor force will work onsite, the labor required at the factory adds up to what the developer claims is the same amount of total labor hired for the project, around 190 workers. (As the Times reports, the project once promised upwards of 17,000 jobs and "under current wage scales, union workers earn less in a factory than they do on site.") Ratner is currently deciding among three empty factory sites, two in Brooklyn and one in Queens, to house the modular build-out, which requires between 70,000 and 100,000 square feet.

In choosing the route of modular or pre-cast construction, a debate that occupied over a year's worth of planning between developer, architect, engineer, and modular expert, the team actually designed two separate buildings, finding that the modular option costs 15-20% less than its traditional equivalent, weighs half as much, produces 70-90% less waste, and has "a reduced energy consumption of up to 67%." This is all assuming a scaled-up production pipeline is in place, which a 340,000-square-foot building demands. As Ratner puts it, "by working with smaller pieces you can do articulation better."

---------
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Old November 18th, 2011, 05:56 AM   #1723
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Quote:
Fifth Avenue and 31st Street Finally Getting 35-Story Tower



The trouble that Sunshine Developers had getting their Ismael Levya-designed 35-story condo/hotel at Fifth Avenue and 31st Street off the ground might be a warning sign to some about the perils of such a project in such a spot. Not so to Urban Development Partners, which is getting ready to begin construction on, uh, a 35-story building at Fifth Avenue and 31st Street, Crain's reveals. There's no hotel in the cards this time, just a residential tower with 165 market-rate rental units and 10,400 square feet of ground-floor/basement retail space.

[...]
Previous designs for this tower:

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Old November 29th, 2011, 09:13 PM   #1724
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What Megaprojects Will Make New York Look Like in 2061

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Old November 29th, 2011, 09:21 PM   #1725
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Quote:
Another facet to Gem Tower

Last Updated: 12:41 AM, November 29, 2011
Posted: 12:32 AM, November 29, 2011



As the elegant International Gem Tower rises at 50 W. 47th St., the 34-story, crystalline lady stretching steel limbs has taken on a second address: 55 W. 46th St., the entrance to the project’s office component.

After weighing options for a few years, Extell Development Co. is pursuing a strategy that was part of its original plan, then temporarily placed on hold — creating “two different buildings” in one, Extell president Gary Barnett said.

Of the total 745,000 square feet, more than 400,000 on the first 20 floors are being sold as condominiums to diamond, gem and jewelry-industry users. The units are already more than 65 percent sold, at a reported average asking price of $1,000 per square foot.

But above them, Extell is now for the first time offering 315,000 square feet for lease to traditional office tenants. The office floors from 21-34 will have a West 46th Street lobby and elevators entirely separate from the gem side. Completion is scheduled for late next year. Office leasing rebounded strongly once aftershocks of the 2008 market crash subsided.

Now, despite what Barnett called a relative “change for the negative in the last three months” — much of it due to anxiety over the European debt crisis and how much it will affect the US economy — he’s enthused about finding takers for the tower’s office floors.

Extell has tapped a Cushman & Wakefield team led by Stuart Romanoff, Franklin Speyer and Alan Wildes to lure tenants. Romanoff said asking rents will be $100-to-$135 a square foot. “The 22,500 square-foot floors have fantastic light, floor-to-ceiling glass and 10-foot ceilings,” he said, “which should appeal to very high-end corporate, financial and legal users.“This is one of the only new buildings in central Midtown coming on stream at this period,” Romanoff noted.

The $750 million Gem Tower has been an audacious enterprise from the outset — an architecturally distinctive edifice inserted in the middle of one of Manhattan’s more anachronistic-looking blocks.

While some industry old-timers regarded it as an unwelcome interloper, more looked forward to a location custom-tailored to the jewelry trade’s specialized needs.

Perhaps first among them was for a dedicated, state-of-the-art facility like those in other world gem-industry capitals, offering secure underground delivery access.

[...]
Read more: http://www.nypost.com/p/news/busines...#ixzz1f7iZEofX
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http://forum.skyscraperpage.com/show....php?p=5496966
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Old November 29th, 2011, 09:26 PM   #1726
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Crain's

Quote:
Related lands $200M loan for West Side tower

Credit will be used to finance construction of apartment tower on West 30th Street and Tenth Avenue, near spot where developer plans to build headquarters for Coach Inc.

By Theresa Agovino @theresaagovino

November 28, 2011



The new Coach Inc. headquarters isn't the only building Related Cos. will be constructing on the far West Side in the near future.

Sources say the company has reached a deal for a loan of roughly $200 million to be used to finance construction of a 30-story apartment house on a lot on West 30th Street and Tenth Avenue, close to Related's massive Hudson Yards project. The loan is slated to close early next year.

The developer is building the 400-unit property along with partner with Abington Properties. The tower will be built under New York State's 80/20 Program, which means that 20% of the apartments must be reserved for low-income residents.The program provides for low-interest bond financing for construction, but the loan provides credit enhancement for the bonds.

It was unclear when the building might be completed, but sources said it would likely be before the Coach tower which is slated to be ready in 2015.

[...]
Read more: http://www.crainsnewyork.com/article...#ixzz1f7kpXF6f
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Old November 29th, 2011, 10:54 PM   #1727
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Quote:
Originally Posted by desertpunk
What does slated mean? It say 15 Penn plaza would is to be slated by 2014, does that mean it will be built by then?
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Old November 30th, 2011, 12:48 AM   #1728
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That 2061 picture is somewhat odd. We can't have any idea of how many more tall, big, and beautiful projects NY might develop between now and 2061. Maybe "NY in 2020" would have been a better title. By 2061, NY might have 30 buildings taller then ESB, some of the other Boroughs might have supertalls and more.

I'm sorry, that's just weird to me.
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Old November 30th, 2011, 01:37 AM   #1729
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what is est river greenway??
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Old November 30th, 2011, 10:18 PM   #1730
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Quote:
Originally Posted by Hull View Post
What does slated mean? It say 15 Penn plaza would is to be slated by 2014, does that mean it will be built by then?
It may begin construction by 2014. The rosiest scenario is a 2016 completion. So much still to be determined...
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Old November 30th, 2011, 10:20 PM   #1731
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Originally Posted by el palmesano View Post
what is est river greenway??
The NYC Parks Dept. has a masterplan for ringing Manhattan with parks along the waterfront. The East River Greenway is a portion of that plan but is more complicated than other areas to develop as a greensward.
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Old November 30th, 2011, 11:38 PM   #1732
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Quote:
Stalled UES condo development site gets $25.6M loan
November 30, 2011 12:30PM

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A rendering of the Charles

A vital bridge loan from Canyon Capital Realty Advisors for the stalled condominium development at 1355 First Avenue known as the Charles has finally gone through, according to a press release from Canyon.

The $25.6 million senior loan for developer Bluerock will enable the $170 million Upper East Side project to "refinance existing debt and to resume pre-development activities," at the embattled site between 72nd and 73rd streets. The infusion from Los Angeles-based Canyon has been held up by legal issues since last month. Bluerock will retain development firm Victor Homes to get things going at the site where construction should begin in the next 12 months, according to the release.

Bluerock, which is led by former restauranteur Ramin Kamfar, had previously sued an unnamed lender who refused to officially write off a $6 million loan it provided to Bluerock in 2010. Glacier 1355 First Avenue LP, as the entity was known in documents filed in the New York State Supreme Court, effectively blocked the needed funds from Canyon in a bid to receive a percentage of the revenue stream, despite the fact that their loan had been repaid in full. The construction loan's terms did specify that modifications allowing it to invest in the project were allowed, although the original loan amount was minimal compared with the $90 million Bluerock needs for the project.

Ismael Leyva Architects P.C. will design the planned tower, which should rise to 32 stories upon completion.

[...]
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Old December 2nd, 2011, 01:28 AM   #1734
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Quote:
East Coast Tower Gets Funding

Thursday, December 1, 2011, by Sara Polsky



LONG ISLAND CITY—LIC is scheduled to get approximately a bazillion new apartments with TF Cornerstone's East Coast project, but who's paying for 'em? Apparently, Wells Fargo, M&T Bank, Bank of America, and Capital One, which together just gave the developer a $265 million loan for one of the complex's towers, 4545 Center Boulevard. The building is an 820-unit rental that should be finished in 2013.

[...]
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Old December 4th, 2011, 01:53 AM   #1735
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oh! great!
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Old December 4th, 2011, 02:01 AM   #1736
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Andre Balazs Buys Cooper Square Hotel For $67 Million

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Cooper Square Hotel, designed by Carlos Zapata, Manhattan,New York City, New York, USA by Jake Rajs, on Flickr
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Old December 5th, 2011, 10:01 PM   #1737
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Robert AM Stern's Museum for African Art Design





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Last edited by desertpunk; December 5th, 2011 at 10:13 PM.
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Old December 6th, 2011, 07:49 AM   #1738
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Quote:
Whole Foods moves into 250 East 57th Street
December 05, 2011 04:00PM


From left: interior of Whole Foods at 250 East 57th Street and exterior

Construction for the Whole Foods market at at the massive $700 million, 1 million-square-foot mixed-use project rising at 250 East 57th Street is complete, according to a statement from the World-Wide Group. The organic grocer has moved into their 39,000-square-foot space on the ground floor and begun building it out.

The site was a hole in the ground just two months ago.

The public-private partnership mixed-use project by World-Wide Group and the Educational Construction Fund will include two new schools, a 59-story residential tower with rental and condominium units, and 78,000 square feet of retail in addition to Whole Foods, which will have entrances on both 56th and 57th streets.

Whole Foods and the schools are slated to open in fall 2012.

The mixed-use project will include two new schools, a 59-story residential tower with rental and condo units, and 78,000 square feet of retail in addition to Whole Foods.

Neighbors worry that too many mega-developments are underway on the same block, as a water main is being constructed by the city in the same time frame.

When the two schools, PS 59 and the High School of Art and Design, are completed, the second phase of construction will begin on the residential and retail portions of the development. A school at 250 East 63rd Street was built to house the students of PS 59 while the new school is constructed. The residential and additional retail portions of the development are set to open in 2014.

---


250 E 57th St. Construction on the tower begins once lower sections containing the school nd supermarket are completed.
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Old December 7th, 2011, 08:48 PM   #1739
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Quote:
French luxury conglomerate eyes Drake site for hotel

December 07, 2011 10:00AM



Luxury brand operator LVMH is sizing up CIM's Drake site at 440 Park Avenue between 56th and 57th streets as a potential site for its upcoming Cheval Blanc Hotel and other retail opportunities, the New York Post reported.

LVMH founded the Cheval Blanc brand in 2006, opening a hotel in the Alps, and has since developed a hotel management concept.

"They are looking at developing a high-stakes hotel, apartments and retail for their brands," a person with knowledge of LVMH's interest told the Post. "This is the best single piece of land in the city."

[...]
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Old December 7th, 2011, 08:58 PM   #1740
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DNAinfo

Quote:
Completion of High Line's Third Section Could be Fast Tracked

December 7, 2011 6:54am | By Mathew Katz, DNAinfo Reporter/Producer



CHELSEA —The High Line's operators are hoping Hudson Yards developers will help fund completion of the last section of the popular Chelsea park.

Friends of the High Line co-founder Robert Hammond told an audience of more than 100 people at a public information meeting Tuesday that building the park's third section has become a priority after news that construction of the first building of the Hudson Yards development — which will surround the High Line — will begin next year. “Now that [Hudson Yards developer] Related [Companies] is moving quicker, we’re hoping they're going to fund some of the final build out,” he said.

The proposed third section is about 31 percent of the overall 1.45 mile long elevated rail structure, and will travel west along West 30th Street from 10th Avenue, before looping north along the West Side Highway. It will border the Hudson Yards development on two sides. The park currently runs from Gansevoort Street to West 30th Street, where it abruptly stops at a chain-link fence through which visitors can see the remaining section of abandoned tracks.

While involved parties agreed in principal in November to maintain the third section of the High Line, there’s no signed agreement holding them to that. The Friends’ proposal, which Hammond stressed is a tentative idea, would involve building a completed park on the section roughly east of 11th Avenue — right next to where Related will construct the first Hudson Yards development, a building anchored by luxury leather-maker Coach.

The section west of 11th Avenue and looping northward would be more basic. Designers would merely put down some planks so that visitors could explore the area, and keep interest going until funds can be raised to fully build the whole project.

When the Hudson Yards development is completed, the new section of the High Line will have significantly different surroundings than the old ones: it will be surrounded by skyscrapers that are more like Midtown than the Meatpacking District and Chelsea.

Hammond estimated the overall project would cost roughly $70 to $90 million, which he admitted the Friends don’t currently have. "I like it because it's a way you can extend the permanent High Line farther, and you can get people to experience the wild space that’s there, and get it to 34th Street as soon as possible," Hammond said.

It also lines up more with the overall development of Hudson Yards — Related plans on building the eastern section of it before starting development on the western portion.

[...]
Read more: http://www.dnainfo.com/20111207/chel...#ixzz1fsPE8YbA
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