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Old February 13th, 2012, 07:48 PM   #1821
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Toll, Equity to stick with Christian de Portzamparc design at 400 Park Avenue South
February 13, 2012 12:00PM



After more than a decade in the works, a Christian de Portzamparc-designed tower at 400 Park Avenue South will be built by the site’s new owners, Toll Brothers and Equity Residential, which purchased the development lot in December, the New York Observer reported.

Toll and Equity Residential decided to retain the plans laid out by the previous developer, who fell victim to the recession, because it would streamline the process of getting construction off the ground, since the design was already approved by the city. The plans call for a 40-story condominium and rental apartment tower.

“If we wanted to abandon that design, we could have actually built something much taller, but it was a sort of pencil building going straight up,” said David Von Spreckelsen, senior vice president at Toll. “At the end of the day, it was too inefficient, because too much of it would have been taken up by the core. You weren’t going to have the living space on the floors.”

In what was the most expensive development site deal of 2011, the partners reportedly paid $134 million for the large development site.

“It’s obviously really going to change the way Park Avenue South looks,” Von Spreckelsen said. “I know that it’s one of Christian’s favorite buildings he’s ever designed, and I know the city administration loves it, so I think it’s going to be great for everyone.”


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Old February 13th, 2012, 07:55 PM   #1822
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"The Hub" Brooklyn

The Real Deal

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Steiner plans 720-unit rental in Downtown Brooklyn
February 13, 2012 08:30AM



The Steiner family is planning a 52-story, 720-unit tower at Flatbush Avenue and Schermerhorn Street in Downtown Brooklyn with 50,000 square feet of retail space, the Wall Street Journal reported.



As The Real Deal previously reported, the family acquired the four-parcel site late last year for $30 million, in a deal where a commission lawsuit filed by Massey Knakal Realty Services is ongoing.

Steiner, famous for developing a film production studio at the Brooklyn Navy Yards, plans to invest at least $100 million in the $325 million to $350 million project, and will seek financing for the remaining costs through the “80/20″ subsidized housing program. The developer plans to rent the market-rate units for $40 to $50 per square foot.

[...]
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Old February 15th, 2012, 12:39 AM   #1823
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Brookfield’s Heart of Glass: Developer Fetes New Glass Pavilion at World Financial Center

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In a cordoned off and seemingly unremarkable construction site situated along the West Side Highway, a collection of high-ranking Brookfield Office Properties executives, construction managers and architects donned hardhats and stood in front of a symbolic pile of dirt that had been lined up neatly atop wooden boards.


A Rendering of the new Glass Pavilion at The Winter Garden (courtesy of Brookfield Properties)

Holding a platinum shovel, the sun refracting off its blade that’s been buffed to a flawless shine, Brookfield’s Sabrina Kanner, senior vice president of design and construction, joined eight of her colleagues in digging their shovels into the symbolic dirt while holding big smiles for the press cameras.

The occasion was the official groundbreaking ceremony for the new glass pavilion at the World Financial Center, seen as the complex’s new front door on West Street.

It is also part of the World Financial Center’s $250 million renovation project, which will include a new dining and retail center for the ever-changing landscape of Lower Manhattan.

Construction on the new pavilion will bring back several people who worked on the original construction of the World Financial Center when it was first erected in the late 1980s.
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Old February 15th, 2012, 01:44 AM   #1824
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Whoa! Didn't expect it to happen so soon! Sad to see the pavilion go! Will the stairs remain!
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Old February 15th, 2012, 02:24 PM   #1825
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Originally Posted by royal rose1 View Post
Whoa! Didn't expect it to happen so soon! Sad to see the pavilion go! Will the stairs remain!
The Winter Garden will still remain but be mallified while a new glass pavillion is built in the open space at the entrance to the Winter Garden. And the stairs will also remain!

Quote:
June 16 (Bloomberg) -- Brookfield Office Properties plans to spend about $250 million to upgrade and expand the retail portion of lower Manhattan’s World Financial Center.

The plan calls for a “dramatic” glass pavilion along West Street, across from the World Trade Center, which will link the 8 million-square-foot (743,000-square-meter) complex with downtown’s two new mass transit hubs, Brookfield said in a statement. It also includes a dining concourse overlooking the Hudson River, and would save the Winter Garden staircase, which had been slated for elimination in earlier proposals.

“These improvements to the World Financial Center are coming at the perfect time, given the $20 billion private and public investment in lower Manhattan,” Richard “Ric” Clark, New York-based Brookfield’s chief executive officer, said in the statement. “We are pleased to be moving forward with a plan that incorporates the existing Winter Garden staircase and repositions the World Financial Center for decades to come.”
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Old February 15th, 2012, 11:57 PM   #1826
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HWKN scoops coveted MoMA PS1 Young Architects prize with air-cleansing nylon star


Brooklyn-based HWKN (HollwichKushner) has been selected as winner of the 2012 Young Architects Program at MoMA PS1, one of the top discovery venues for up and coming designers. Along with the publicity blitz that comes with winning, HWKN will get the opportunity to transform PS 1’s courtyard to ready it for the museum’s popular summer music series Warm-Up. Now in its thirteenth year, the Young Architects Program has launched the careers of many emerging architects and the courtyard installations that have resulted, have been nothing short of amazing. This year’s proposal, Wendy, by HWKN is one of the most visually arresting of all and sure to be a favourite among environmentalists.

Dubbed an ‘air-cleansing nylon star’ by New York Times arts writer, Robin Pogrebin, Wendy features a deployable scaffolding systems composed of nylon fabric treated with a ‘cutting-edge’ titania nanoparticle spray that will neutralize pollutants. It is estimated that Wendy’s air-cleaning ability is equivalent to taking 260 cars off the road. Its bright blue spiky arms reach out with micro-programs like blasts of cool air, music, water cannons and mists to create social zones throughout the courtyard. When fully deployed, the structure creates a 70’ x 70’ x 45’ volume that’s bridges over the walls into the museum’s large and small courtyards.

“HollwichKushner’s proposal for YAP 2012 is sure to make a memorable impression over the summer at MoMA PS1”, said Pedro Gadanho, Curator in MoMA’s Department of Architecture and Design. “It is iconic, but with a twist. By combining ‘off-the-shelf’ materials and scaffolding systems with the latest cry in nanotechnology it is able to produce both an ‘out-of-the-box’ ecological statement and a bold architectural gesture”.

The other finalists for this year’s MoMA PS1 Young Architects Program were AEDS|Ammar Eloueini Digit-all Studio (Ammar Eloueini, Paris, France/New Orleans, LA), Cameron Wu (Cambridge, MA), Ibañez Kim Studio (Mariana Ibañez and Simon Kim, Cambridge, MA), and UrbanLab (Martin Felsen and Sarah Dunn, Chicago, IL). An exhibition of the five finalists' proposed projects will be on view at MoMA over the summer, organized by Barry Bergdoll, MoMA Philip Johnson Chief Curator, with Whitney May, Department Assistant, Department of Architecture and Design, The Museum of Modern Art.







http://www.worldarchitecturenews.com...pload_id=18919
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Old February 16th, 2012, 02:01 AM   #1827
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That's only a temporary structure (for the summer), but cool none the less!!
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Old February 16th, 2012, 04:06 AM   #1828
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New renders for 51 Astor Place: http://ny.curbed.com/archives/2012/0...stor_place.php


http://ny.curbed.com/archives/2012/0...stor_place.php





Quote:
Developer Edward Minskoff describes his Starbucks-crushing 51 Astor Place office building as "black glass with black granite and silver fins," and for a few years now we've had just one rendering to demonstrate that. Now the building's teaser website is up, with a few more images of the 12-story Fumihiko Maki-designed building. Above, one look we haven't seen before. A few notable building features: a private green roof on the fifth floor, a tenant-accessible green roof on the 13th floor, and an urban plaza on the corner of Astor Place and Third Avenue. The lobby will include a James Carpenter-designed art installation "constructed of back-lit cast glass, which complements the building's overall design." The Astor Place plaza, meanwhile, gets an Alexander Calder sculpture.
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Old February 16th, 2012, 05:30 AM   #1829
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Quote:
Originally Posted by desertpunk View Post
The Winter Garden will still remain but be mallified while a new glass pavillion is built in the open space at the entrance to the Winter Garden. And the stairs will also remain!
I really really do hope that they will keep all those palm trees.
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Old February 17th, 2012, 09:43 PM   #1830
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Dig it! 7 subway-extension tunnels finished
New York Post
February 14, 2012


Photos: Joseph M. Calisi
ALL A-B0RED: An entrance (above) and the mezzanine at the 34th Street station.


The mezzanine


Here’s another miracle on 34th Street — or, at least, under it.

As these pictures show, the MTA has finished all of the tunneling for the 7-train extension to 11th Avenue and completed carving out the mezzanine — a complex job that paves the way for train operation by 2013.

The future 34th Street station’s mezzanine is all but finished and features a soaring, curved roof with a 1,200-foot-long cavern — about the size of the Empire State Building if it were laid on its side.

The station will certainly need the space.

City Hall estimates that 35,000 passengers a day will use the station by 2030, when the area is expected to be a bustling neighborhood with skyscrapers and stores lured in by the new subway.

The city is so confident the one-stop addition to the 7 will revive the desolate area that it has agreed to fork over the $2.1 billion to pay for it.

Trains are expected to be in operation by December 2013.

Construction snafus could move the grand opening to early 2014.

It hasn’t been an easy feat bringing the 7 west.

Boring machines dug two tunnels deep underground, beginning at 42nd Street.

Because of existing infrastructure — like the Lincoln Tunnel and old railroad lines — those tunnels had to be dug extra deep and are steeply curved in spots.

Workers also had to make sure to avoid the Eighth Avenue subway line, as well as Amtrak and NJ Transit.

The westward expansion also cuts through the famous abandoned E-train platform at 42nd Street, which was featured in the movie “Ghost.”

Unfortunately, straphangers hoping for a glimpse of Patrick Swayze’s old stomping grounds are out of luck.

Although parts of the platform survived the 7-line work, they won’t be visible from the trains.

Read more: http://www.nypost.com/p/news/local/d...#ixzz1mfb7v7zR
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Old March 2nd, 2012, 04:04 AM   #1831
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J.D. Carlisle buys Madison Avenue condo-hotel site, plots new rental
March 01, 2012 10:30AM
By David Jones


158 Madison

J.D. Carlisle Development, the boutique firm behind the Beatrice rental project, told The Real Deal yesterday that it acquired a stalled condo-hotel site in the Murray Hill section of Manhattan, and will construct a new rental building on the property in 2013.

J.D. Carlisle, led by company president Evan Stein and Chairman Jules Demchick, acquired the site, at 158 Madison Avenue, from lender North Hill Capital Management, a Manhattan-based lender that took over $34 million in defaulted loans at the property.

The original project, a planned 38-story condo-hotel between 31st and 32nd streets designed by Ismael Leyva, was considered difficult to finance, not only because of the economic downturn, but because it was configured in a T-shape and was located in a submarket that is more suitable for commercial development than luxury condominiums.

“The timing made it hard to finance period, but the odd shape didn’t help,” said a source familiar with the project. “The original plan was a condo-hotel. That doesn’t work in most places in Manhattan, but that’s not a condo neighborhood.”

In 2006, the site of Andy Warhol’s former Factory, was planned as a 50-story condo project called Sundari Lofts & Towers from Buttonwood Real Estate and Thor Equities. The project was later revised under investors John Rice and Joseph Ingrassia, of Manhattan-based Capstone Business Credit, who acquired four separate parcels between 2007 and 2008, totaling $42.9 million, and sources say the project was highly leveraged.

North Hill filed suit in New York state Supreme Court in January 2010, alleging the guarantors, Rice and Ingrassia, defaulted on $34 million in loans. The two investors quickly filed a countersuit alleging North Hill engaged in coercive tactics to not only force them into personal guarantees, but also refused to allow them to find alternative financing.

The court ruled in favor of the lenders, but court filings show an agreement was reached between the parties to sell the site to a third-party and use the proceeds from that sale to cover the funds owed to the lenders. J.D. Carlisle officials did not comment on the terms of the deal, but a source familiar with the deal, said the original debt was being sold at a discount. Court records show that the original loan balance had risen to $43.1 million with accumulated interest.

Core Group, led by Shaun Osher, won a lawsuit in 2010 against the developers, claiming it was owed an $113,800 termination fee after being fired as the broker for the proposed condo. Core would have earned $4 million if the project had moved forward.

J.D. Carlisle officials said they expect to launch construction on the rental building in January 2013, and the project would be completed within two years. The firm is still working on a marketing plan and designer for the project.

[...]
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Old March 2nd, 2012, 04:26 AM   #1832
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The Real Deal

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NYC increases lead over London as top commercial property market
February 27, 2012



After taking over the top spot for global property investment in the third quarter, New York City widened its lead over competitors. The city attracted $35.7 billion in commercial property sales, including multi-family buildings, compared to $29.2 billion in London and $22.6 billion in Tokyo, according to a global property market report released today by Cushman & Wakefield.

Excluding multi-family sales, however, New York City’s lead shrunk to $1.1 billion, as it recorded $28.2 billion in sales compared to London’s $27.1 billion. The Americas as a whole led the world in the rate of office and residential rent increases, perhaps accounting for the city’s multi-family dominance.

Overall, global sales activity, including multi-family properties, rose 14 percent in 2011 to $808 billion, and the volume is now 83 percent greater than 2009′s lows. Half of all activity occured in Asia, but the North American market showed the greatest improvement in the last year, with investment volumes rising 52 percent. That increased demand led to the greatest compression of yields in the Americans, as capitalization rates fell in the region by 31 basis points, compared to the global average of 20 points. And overseas investors took notice, as the Americas saw a 94 percent increase in cross-border investment activity.

“The global investment market has been very polarized over the past year, with the best stock seeing demand and price pressures but second tier property failing to gain traction with buyers or occupiers,” said Cushman & Wakefield President Glen Rufrano. “That looks likely to continue this year but we do expect higher risk strategies to grow in popularity as the year goes by, helped by the promised flow of assets from financial institutions at last starting to pick-up.” — Adam Fusfeld


---
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Old March 2nd, 2012, 04:52 AM   #1833
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DNAinfo

Quote:
Donations Flood In to Support 'Low Line' Park Under Delancey Street
February 23, 2012 11:30am | By Julie Shapiro, DNAinfo Reporter/Producer



LOWER EAST SIDE — Donations are pouring in to support a bold proposal to build a sunlit park under Delancey Street.

Less than 24 hours after the founders of Delancey Underground, nicknamed the "Low Line," launched a fundraising campaign on Kickstarter, they have already received more than $12,500 from 60 supporters.

"This is just the beginning," Delancey Underground co-founder Dan Barasch said in a video on Kickstarter. "Help us create the Low Line, a beautiful park that all New Yorkers can enjoy for generations to come."

The project would convert an abandoned trolley terminal beneath Delancey Street into an inviting 60,000-square-foot public space by funneling in enough natural sunlight to grow trees and flowers. The park would stretch from Essex to Clinton streets beneath the entrance to the Williamsburg Bridge.

[...]
Read more: http://www.dnainfo.com/20120223/lowe...#ixzz1nvLOnXFY
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Old March 2nd, 2012, 05:03 AM   #1834
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NY Post

Quote:
New Nets arena shaping up

4:01 AM, February 22, 2012ι By RICH CALDER
Hoop fans take notice – an arena is truly growing in Brooklyn.



Workers earlier this month buttoned up the top of the under-construction Barclays Center in Prospect Heights by completing its steel-roof deck, and they also recently began insulating the rooftop and waterproofing it with a light-gray covering.

“This is that magic time when the building really begins to take shape, so that you can finally feel it’s an arena,” said Bob Sanna, executive vice president for construction at Forest City Ratner Cos., developer of the soon-to-be Brooklyn Nets’ 18,000-seat arena. Sanna during an interview with the Post yesterday said about 35 percent of the 188,425-square-foot roof is complete and that Barclays Center is still on schedule to open in September. “We got lucky with the warm weather we've been having. You usually aren't able to get roofers on a roof in February,” said Sanna.

Although it will be months before the Nets' future hardwood-playing floor is installed, much of the arena's interior is starting to shape up. Premium seats are now being installed in the arena’s lower bowl. The upper-bowl’s seating is already complete, along with the lower and upper concourses. The arena’s entrance to an abutting transit hub is also ready for game day tip-offs. National Grid earlier this month began powering the site, so it could be heated, allowing temperature-sensitive work like floor- and wall-tiling to begin.

Next month, workers will begin work on the exterior’s most eye-grabbing feature -- a canopy with an oval window called the "Oculus" in its center. It will extend out 80 feet from the arena entrance and hover 36 feet above a public plaza., A video screen that can display everything from game highlights to art installations will wrap the Oculus’ perimeter.

[...]
Read more: http://www.nypost.com/p/blogs/brookl...#ixzz1nvO0H6Ys
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Old March 2nd, 2012, 05:16 AM   #1835
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Brookfield awaits Amtrak’s OK to start construction on Manhattan West’s deck
February 21, 2012 09:00AM

image hosted on flickr

A rendering of Manhattan West

Brookfield Office Properties is awaiting only the go-ahead from Amtrak, which operates the train tracks beneath the site slated for its massive Manhattan West project, before it begins construction on a deck to cover the rail yards.

The New York Post reported that while Brookfield officials say they are 95 percent of the way to an agreement with Amtrak executives, Amtrak in turn said the sides still have “some substantive” issues to iron out. The developer had previously said construction would start in January.
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Old March 3rd, 2012, 10:40 PM   #1836
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Fulton St. Transit Center progress:

image hosted on flickr

FTC_2775 by MTAPhotos, on Flickr

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FTC_2770 by MTAPhotos, on Flickr

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FTC_2675 by MTAPhotos, on Flickr

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FTC_3083 by MTAPhotos, on Flickr

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FTC_3053 by MTAPhotos, on Flickr
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Old March 6th, 2012, 02:57 AM   #1837
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Curbed

Quote:
Long-Dormant Pearl Street Sheraton Comes Back to Life
Friday, March 2, 2012, by Sara Polsky



A tipster sends word (and photos) of a little Pearl Street surprise: the planned and canceled hotel at 213 Pearl Street appears to be back on. The site was once earmarked for two hotels, a Sheraton and an Aloft, but financing dried up before the 53-story project could get off the ground. New signage at the site advertises a 260-room Four Points by Sheraton, with the official address of 6 Platt Street. DOB records show a permit issued for a partial job as of January, and that permit calls for a 27-story building.

---
An earlier render of 6 Platt St showing both the Sheraton and Aloft towers:


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Old March 6th, 2012, 02:58 AM   #1838
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UN Renovation Will Cost $2 Billion



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The East River-facing U.N. building, which has been under renovation since 2009, has received a final cost for the work: $2 billion, the Associated Press reported, which is 4 percent over the project’s initial budget.

This marks the first renovation of the building since its opening 60 years ago, the AP reported, which includes changes such as asbestos abatement, shared work stations from private offices and blast-proof windows that cannot be opened for security measures
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Old March 6th, 2012, 11:12 PM   #1839
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Durst, PA plan broadcast antenna for 1 WTC

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There’s a new plan for the 480-foot 1 World Trade Center spire that could lure more tenants at the expense of the architect’s vision for the final structure. The Wall Street Journal reported the Durst Organization has gotten the Port Authority of New York & New Jersey on board to install a radio and television broadcast antenna inside the building’s spire.

“Our expectations would be to become the premiere broadcast facility in New York City,” said Thomas Bow, senior vice president at the Durst Organization. Durst hopes the tower will lure some broadcast tenants away from the Empire State Building, which generated some $16.1 million in rent and usage fees for its antenna in 2010. Durst expects 1 WTC to generate $10 million and will offer the antenna at 4 Times Square as a backup to tenants.

The antenna would be located inside a slimmer, less conical spire than initially planned that would save $20 million but drew criticism from the project’s architects, Skidmore Owings & Merrill. Durst would fund $27 million in infrastructure and buildout costs to help land the tenants.
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Old March 12th, 2012, 10:37 PM   #1840
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Curbed

Quote:
Architects Chosen for First Hudson Yards Residential Tower
Monday, March 12, 2012, by Sara Polsky



The team at Kohn Pedersen Fox is already hard at work on its design for a pair of towers at Hudson Yards, with Coach set to move into the first one in 2015. Developer Related wants the site's first residential building to be done around the same time, and Related's just chosen the architects at Diller Scofidio + Renfro for the project. The Journal has the deets on the building: it will be around 800 feet tall and have 700 units. DS+R, which has never built a skyscraper, would work with the Rockwell Group on the design. The DS+R-Rockwell team is also working on an arts center to the east of the tower, and Elizabeth Diller tells the Journal they're "very conscious of the adjacency to the High Line," so until renderings are available, we can imagine what that means for the building's design.

[...]
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