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Old June 21st, 2009, 02:19 PM   #41
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nice . but what a pity that the 3rd tower won't see the daylight in the next time
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Old January 11th, 2011, 02:39 AM   #42
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Curbed

Quote:
855 Sixth Avenue Will Eventually Become 40-Story Rental Tower


Monday, January 10, 2011, by Sara Polsky

The last stop in the long, sad saga of 855 Sixth Avenue was a scheduled foreclosure auction, at which Durst Fetner Associates was expected to take control of the site and put its own stamp on a tower there. For perhaps the first time in the site's history, things happened as expected: the Journal reports that the Durst Fetner partnership will break ground on a 40-story tower at the site within a year. The building will be a glassy Pelli Clarke Pelli creation (guess the old Costas Kondylis design didn't get recycled after all) with at least 300,000 square feet of apartments. Eighty percent will be luxury rentals, with the remaining 20 percent affordable. The tower's base is most likely to be retail, but the Durst Fetner team is also talking to hotel developers.
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Old January 11th, 2011, 05:55 AM   #43
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beautiful! =O
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Old July 22nd, 2011, 06:59 AM   #44
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855 Sixth Cleared For Takeoff?

TRD

Quote:
Durst Fetner clears hurdle at 500,000-square-foot Herald Square site
July 21, 2011 04:00PM

By Adam Pincus



A state court judge handed a victory to Durst Fetner Residential this week, removing a nagging legal speed bump the developer was facing at its large Herald Square site.

The legal cloud has hovered over the property at 855 Sixth Avenue since 2006, when two real estate investors sued a group of developers led by Baruch Singer over a failed partnership bid to acquire a portion of the site.

Durst Fetner became involved in the dispute after it bought the defaulted note for about $104 million from iStar Financial and took title in December 2010 from owners Tessler Developments and the Chetrit Group. It plans to construct a 500,000-square-foot mixed-use tower on the site, between 30th and 31st streets.

The potential amount of the claim was in dispute, but a source close to plaintiffs Gary Don, Lawrence Gerstein and their company New York Developers Collaborative said it could have amounted to as much as an 18 percent ownership stake.

In addition, insiders said such a pending legal action would make it more difficult to get financing for the project.

State Supreme Court Justice Joan Madden's ruling, issued Monday, dismissed the claim affecting Durst Fetner that sought to place a so-called "constructive trust" on the property, which would have allowed the plaintiffs to gain an equity interest in the site.

The judge allowed the other 10 claims of the suit for monetary awards to go forward against Singer and fellow investors Mark Junger, Moses Rosner as well as three related development companies. Insiders noted the plaintiffs could appeal the decision. The next court date is July 28.

Harold Fetner, president and CEO of Durst Fetner Residential, said he was pleased with the decision. He paraphrased the ruling, saying, "[The plaintiffs] had an agreement with Baruch Singer, but there was never any contract with the fee [title], therefore [their] claim can't run with the land."

In addition, he said he believed the value of the plaintiffs' claims was overblown, with Don and Gerstein only entitled to little more than $1 million dollars at most.

Fetner added that if Don and Gerstein do file an appeal, he may ask the judge to require them to post a $100 million bond because they would be impacting the value of his development site.

Attorneys representing the plaintiffs and defendants either declined to comment or were not available for comment.

[...]
Plans now are for a 40 story rental tower designed by Pelli Clarke Pelli, replacing the old Costas Kondylis design.
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Old July 22nd, 2011, 09:06 AM   #45
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Quote:
Originally Posted by desertpunk View Post
TRD



Plans now are for a 40 story rental tower designed by Pelli Clarke Pelli, replacing the old Costas Kondylis design.
The 40-story plan relates to a 300k sf tower. This article sites a 500k sf tower which would be quite tall. I wonder if Durst acquired more air rights.
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Old July 26th, 2011, 01:45 PM   #46
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The 300k of resy will surmount [200k?] of hotel and a retail base, according to Durst Fetner:

NY Observer

Quote:
Hal Fetner on 1212 Fifth, 855 Sixth and More

Q: What’s happening with 855 Sixth Avenue?

We’re in the design and development phase right now. Being that we’re trying to make a transformational design on West 57th Street, we also have decided that we wanted to do something unique on 30th Street. So we have a really innovative design where we are going to basically have a retail base.

Right now, we’re talking to a number of different hotel groups for a hotel in the middle of the building and then approximately 300,000 square feet of rental residential above the hotel.


Q: What’s the time frame for construction?

We’re hoping to break ground on that by April of 2012.

------
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Old November 14th, 2011, 03:22 PM   #47
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Given Durst's interest in great style (e.g., the BIG pyramid and BofA), this should be a very nice tower.

http://online.wsj.com/article/SB1000...KEYWORDS=durst
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Old November 15th, 2011, 12:05 AM   #48
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Ian Schrager To Bring Public Hotel To 855 Sixth Ave.




This deal gets us closer to the Spring 2012 groundbreaking.
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Old November 17th, 2011, 10:29 PM   #49
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well hopefully it has a good idea.
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Old August 16th, 2012, 01:27 PM   #50
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http://therealdeal.com/blog/2012/06/...e-development/

Quote:
Durst Fetner, Schrager split at Herald Square development site

June 13, 2012 09:30AM

"Contrary to previous reports, Ian Schrager will not bring a Public Hotel to Durst Fetner Residential’s Herald Square development site, the New York Post reported. A Durst spokesperson said the partnership “couldn’t make the financials of the deal work” for 855 Sixth Avenue, at West 30th Street, and that the developer is in talks with other hotel brands instead. A design won’t be finalized until a hotel is on board.

Reports first emerged of a Schrager-Durst Fetner partnership at the site in November, and Schrager was expected to operate a 250-room hotel on the bottom 16 floors of a 56-story tower designed by Cook + Fox Architects..."
So we await a new hotelier before final renders come out.
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Old April 10th, 2013, 01:00 AM   #51
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Durst Fetner changes course at Herald Square tower



Quote:
Hotel concept scrapped at 855 Sixth Avenue, filings show
April 09, 2013 02:00PM
By Adam Pincus

Developer Durst Fetner Residential is abandoning hotel plans as well as cutting the height of its planned high rise at 855 Sixth Avenue three blocks south of Herald Square.

The developer filed plans last week for a 43-story, 465,420-square-foot office, retail and rental tower to be built on a vacant parcel spanning the entire eastern end of the block from West 30th to West 31st streets, records from the city’s Department of Buildings show.

The new plans represent a change from the proposed 56-story hotel and residential building first reported in November 2011.

Durst Fetner, led by CEO Harold Fetner, declined to comment specifically on why the firm scrapped the hotel concept, but said the strong office and rental market in the area near a major transportation hub would keep demand high.

“The Midtown South office market is red hot,” a spokesperson for the firm said. “In addition, we have maxed out the residential portion of the building to take advantage of the area’s surging rental market.”

The tower designed by CookFox Architects is set to rise in a neighborhood without a clear personality that is located between the active retail center of Herald Square to the north and the trendy NoMad district just to the south, which is home to hotels such as the Ace Hotel and the NoMad Hotel.

Peter Hennessy, president of the tri-state region for commercial firm Cassidy Turley, who is not involved in this project, said Durst Fetner had a relatively low-cost basis for the land, which was purchased out of foreclosure.

As a result, “they will be able to be very aggressive in terms of their rents and so get great returns,” Hennessy said.

The development will have 382 residential units on floors eight through 40, and just over 30,000 square feet of retail space on the ground floor, lower level and second floor, the new filings show. In addition, it will have more than 119,000 square feet of office space on the second through sixth floors, the DOB filing says.

[...]
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Last edited by desertpunk; April 10th, 2013 at 02:22 AM.
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Old April 10th, 2013, 01:47 AM   #52
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Cook Plus Fox does nice work. I would not be surprised to see something like a mini B of A tower here.

Also, Durst's commitment to style is reflected by BofA and the BIG pyramid.

Last edited by RobertWalpole; April 10th, 2013 at 06:11 AM.
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Old April 11th, 2013, 02:29 AM   #53
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Another Bank of America-esque tower? Yea, it looks nice, but one's enough.
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Old June 8th, 2013, 06:29 AM   #54
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This is going to be a lame box. At least the glass will be nice, and it's in a low-end area, so I guess much could not have been realistically expected.







http://www.visaeb-5.com/wp-content/u...LISH-email.pdf

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Old July 19th, 2013, 10:46 PM   #55
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This tower will be 41 floors and 479ft tall designed by SLCE Architects according to the latest DOB filing.

DOB
http://a810-bisweb.nyc.gov/bisweb/Jo...02&requestid=4
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Old July 19th, 2013, 11:08 PM   #56
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Quote:
Originally Posted by Vertical_Gotham View Post
This tower will be 41 floors and 479ft tall designed by SLCE Architects according to the latest DOB filing.

DOB
http://a810-bisweb.nyc.gov/bisweb/Jo...02&requestid=4
At this rate it'll be a 2 story CVS by 2015!
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Old July 19th, 2013, 11:13 PM   #57
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Teaser:


http://www.visaeb-5.com/portfolio/855-Avenue/


Looks like MiMA's Mini Me!
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Old November 22nd, 2013, 01:46 AM   #58
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Construction Update: 855 Sixth Avenue



Quote:
After years of waiting, construction has resumed at 855 Sixth Avenue, which will soon give rise to a 43-story tower developed by Durst. The architect of record is SLCE, and plans for the building have undergone several major changes since it was initially proposed, prior to the recession.

855 Sixth Avenue will be thoroughly mixed-use; the podium will hold retail and offices, while the tower component will be residential, with a total of 382 units. The office portion will come in at 120,000 square feet, and the retail will total 30,000 square feet; the actual skyscraper will stand 479′ tall.

Renderings of the project are lacking, though glimpses of the building have been posted online; while no full shots exist, it does seem that 855 Sixth Avenue will be a boxy skyscraper with a glass facade.

[...]
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Old November 22nd, 2013, 02:11 AM   #59
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In January I'll be staying at 30th & 6th Ave--I'll check it out.
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Old November 25th, 2013, 02:54 AM   #60
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It's a shame. Seven years waiting for a simple project.
Well, better than nothing.
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