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Old January 27th, 2010, 01:29 AM   #801
nygirl
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wrong building. That height is for some other building set to go up on 57th street.
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Old January 27th, 2010, 07:05 AM   #802
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But the architect stated that the final height for the building is 1083ft. Check out the thread on SSC.
You're thinking of 157 W 57th St. being developed by Extell.
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Old January 28th, 2010, 01:23 PM   #803
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http://www.artinfo.com/news/story/33...illion-on-air/

MoMA Spends $14.5 Million on Air

January 27, 2010

NEW YORK—Even for the richly endowed Museum of Modern Art, $14.5 million is a lot of money. However, in order facilitate the building of a tower on an adjacent property by the Hines development company, that is the amount it will pay the University Club in order to acquire the air rights for the space, blogger Lindsay Pollock reports. In addition, it is helped along by $125 million it received from Hines in exchange for the property and the right to complete the project.

According to a letter from University Club president George E. Pine to the club’s members, the museum paid about $11 million to the club in December. A second payment, totaling $3.6 million, will be paid to finance capital improvements to the club’s historic building.

McKim, Mead, and White, the firm responsible for the Brooklyn Museum, the original Morgan Library, and the master plan of Columbia University’s Morningside Heights campus, designed the University Club. It was completed in 1899 and will undergo extensive repairs and refurbishment using the money provided by MoMA.

Pollock also points out that the stunning $14.5 million sum is equal to a $20 admission charge for 725,000 visitors to the museum. It’s also almost enough to buy a choice Giacometti sculpture, though the museum already has plenty in its collection.


http://lindsaypollock.com/news/moma-...or-air-rights/

MoMA Forks Over $14.5m For Air Rights



Lindsay Pollock

New York’s Museum of Modern Art is enriching its neighbor, the starchy University Club, to the tune of $14.5 million for 136,000 square feet in air rights, as part of a development deal to build a new glassy Jean Nouvel condo and hotel on West 53rd Street. This equals a $20 admission charge from 725,000 museum visitors.

MoMA paid out $11 million in December, 2009, according to a Jan. 15 letter sent to University Club members from the club’s president, George E. Pine. The remaining $3.625 million is earmarked for the club’s capital projects, required by NYC’s Landmarks Preservation Commission. Funds will be used to repair roofs, replace windows and restore the interior marble steps, among other projects.

The palazzo-like University Club is located on West 54th Street, one block north of MoMA. The 1899 building, designed by McKim Mead and White, is landmarked.

The 75-story tower is being developed by the Houston-based Hines, who purchased an empty lot from MoMA for $125 million. The project has met with opposition from area residents and others over the proposed height.

The lofty design also requires 275,000 square feet in air rights from the neo-Gothic Saint Thomas Church on Fifth Avenue.
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Old January 28th, 2010, 10:06 PM   #804
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Its funny how man can own the sky. If they're paying money its no doubt this thing going to get built. The real question is when. I see the summer as a great time to start digging.
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Old January 28th, 2010, 10:33 PM   #805
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Its funny how man can own the sky. If there paying money its no doubt this thing going to get built. The real question is when. I see the summer as a great time to start digging.
yeah, i just had the same thought. it wouldn't make any sense to buy the air rights and than cancel the whole project. the worst that could happen to tower verre would be putting it on hold. it will be built eventually, hopefully they start this year!
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Old January 31st, 2010, 03:41 PM   #806
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14,5M is a redicuous price tag, especially in this time of (financial) problems with many developers.
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Old February 1st, 2010, 08:42 AM   #807
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14 million ain't much compared to how much its going to cost to build. At the end of the day, they're looking to make billions of dollars in the next ten years.
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Old February 1st, 2010, 11:49 PM   #808
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This is a very exciting project. One of the best (if not the very best) new buildings in NYC in a long, long time. Can't wait to follow the construction.
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Old February 2nd, 2010, 11:18 AM   #809
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$14.5 mln is a pittance for getting this beast off the ground. That MoMA has agreed to pay means that they are very close to finalizing the financing. Should be a corker!
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Old March 7th, 2010, 07:34 AM   #810
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I love how well the building blends in with it's surroundings at ground level.
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Old March 11th, 2010, 07:45 PM   #811
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http://www.artsjournal.com/culturegr...e_moma_mo.html
Court Challenge to the MoMA Monster: Alleged "Failure to Comply" with Requirements

March 10, 2010


Michael Sillerman, attorney for the planned MoMA/Hines tower (pictured behind him), speaking on its behalf at a NY City Planning Commission hearing

Quote:
More bad news for MoMA: In a Feb. 24 petition filed in New York State Supreme Court, the West 54-55th Street Block Association, long-time opponents of the planned 1,050-foot-tall, Jean Nouvel-designed mixed-use tower in their neighborhood, has asked the court to stop the project. The building would include space for the next expansion of the Museum of Modern Art.

The petition cites alleged deficiencies in developer Hines' environmental impact statement, which, the opponents say, does not adequately assess the tower's impact on nearby buildings, including the landmark 490-foot-high CBS Building, designed by Eero Saarinen, as well as other historic structures.

The court filing also challenges the proponents' assertion, in the petition's words, "that this expansion will not result in one additional visitor to the Museum and will have no impact on pedestrian and vehicle congestions. This is unsupportable." In testimony during the approval process, MoMA's director, Glenn Lowry, unconvincingly argued that MoMA has already maxed out its attendance with its previous expansion.

The petition also alleges that development rights were illegally transferred to the project:


The transfer of unused development right [from St. Thomas Church] to a receiving location nearly 500 feet distant from the landmark was neither contemplated nor authorized by the Zoning Ordinance....The provisions allowing zoning lot mergers were never intended to permit, and the language of the Zoning Resolution does not allow, the combination of lots for the purpose of moving large amounts of bulk long distances, so that the underlying zoning is stood on its head---here represented by an FAR [floor-area ratio] of 33 [a very high density, even in New York City].


You can read the entire 34-page petition here. The respondents named in the petition are New York City, the City Planning Commission and the developer, Hines. (MoMA is not named as a respondent.)

My requests for comment---sent at 12:35 p.m. today to both MoMA's press office and Michael Sillerman, attorney for the MoMA/Hines project---have not been answered at this writing. I will update if I receive a reply.
http://www.scribd.com/doc/28160369/L...MA-Hines-Tower
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Old March 12th, 2010, 01:47 AM   #812
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What? More red tape/Nimbyism or just a breach of the rules? If anyone will destroy NYC's progress, let it be these coward minded backward thinking NIMBYs

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Old March 12th, 2010, 02:03 AM   #813
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Yeah this nerve racking, you moved in the city so deal with the city.
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Old March 12th, 2010, 02:06 AM   #814
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NYC is never going to change if people keep coming up with stuff that wont allow stuff!
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Old March 12th, 2010, 02:29 AM   #815
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It just amazes me to see people hindering developers from "spending" hundreds of millions of dollars. Buildings like T. Verre mean so much money for construction workers, contractors, suppliers, etc. It will add hundreds of residents to the area, build up the tax base, increase property values, make it more of a tourist destination, help nearby businesses, etc.

This is the same kind of fight that Donald Trump had over his Trump World Tower. What a huge success that turned out to be. Some of the neighbors who complained about its height and location, actually bought homes in that building once they saw how amazing it turned out.

It would be nice if people could see past their own selfishness.
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Old March 12th, 2010, 05:25 PM   #816
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Quote:
Originally Posted by Myster E View Post
What? More red tape/Nimbyism or just a breach of the rules? If anyone will destroy NYC's progress, let it be these Liberal minded backward thinking NIMBYs
They wouldn't want any shade on their feel-good veggie garden now, would they?
Anything that lowers OTHER people's carbon foot-print, they'll take it...
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Old March 13th, 2010, 10:45 PM   #817
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sometimes i wish the world of architecture was a little less of a democracy in the us (just the architecture part) so every single thing wouldnt be halted or delayed because some whiners dont want to see it built. ugh move out of the area then why would you move to new york anyways, of corse you are going to see skyscrapers!
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Old March 13th, 2010, 10:57 PM   #818
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when is the aperture of the tower Verre?
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Old March 14th, 2010, 07:09 AM   #819
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Quote:
Originally Posted by Myster E View Post
What? More red tape/Nimbyism or just a breach of the rules? If anyone will destroy NYC's progress, let it be these Liberal minded backward thinking NIMBYs
liberal minded and backward thinking?

don't those things cancel each other out lol...
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Old March 14th, 2010, 07:18 PM   #820
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yes
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