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Old April 3rd, 2012, 03:37 PM   #461
desertpunk
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Originally Posted by Hendycfc View Post
Hopefully they don't decrease the height of Penn or something cause that will just ruin it. Really can't wait to see hudson yards built and then this! Would you count that as 3 different clusters in New York?
There are so few places in NYC where massive office projects can be built that developers know they are sitting on a goldmine when they have a site in hand. It will be built, in 3 years or in 13 years. There's a lot of office space in the pipeline and hotels are red hot so for now, they're content to milk the Hotel Pennsylvania for what it's worth while they wait for their turn at the high stakes table.
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Old May 7th, 2012, 11:28 PM   #462
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Brookfield plans apartments for Manhattan West
May 07, 2012 09:00AM



Long considered only for its office and retail potential, Brookfield Office Properties’ massive Manhattan West development site could include residential, too. Citing information from an investor call, Bloomberg News reported that the developer may include up to 900 residential units in its 5.4 million-square-foot plan.

“We’ve always highlighted the office density because we’re an office landlord,” said Brookfield Office President Dennis Friedrich said. “But we have the ability to build 900 units on that site. That market has really taken off, and may drive greater value for us, so we took a little bit of time to study that.”

The current plans calls for two skyscrapers on the site, located along Ninth Avenue across from Pennsylvania station. New Chairman Ric Clark said the firm is still negotiating to begin construction on the platform above the rail yards.

[...]
Most likely apartments would be incorporated into one or both of the two towers in this development. A third tower (if doable) could easily rise 900 ft...
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Old May 7th, 2012, 11:32 PM   #463
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Why don't they just split it. One Office building, one mix-use hotel/Residential.
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Old May 7th, 2012, 11:34 PM   #464
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I dunno but considering Beekman is ready, 157 and 432 Park are rising and Tower Verre will come too, is there really so much demand that more super expensive residential space will have to be built in the near or relatively near future?
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Old May 7th, 2012, 11:37 PM   #465
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Excuse me for offtopic, but when tower verre will start constructing?
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Old May 8th, 2012, 01:37 AM   #466
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Quote:
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I dunno but considering Beekman is ready, 157 and 432 Park are rising and Tower Verre will come too, is there really so much demand that more super expensive residential space will have to be built in the near or relatively near future?
These units would probably be rentals, and aren't at all comparable to the units at One57 or 432 Park, which have world renowned address and unobstructed views of Central Park. The overall rental vacancy in Manhattan is less than 1%. There is just a mind boggling amount of demand for rental units in Manhattan. The economic downtown really slowed the supply of units as credit tightened and developers couldn't get loans to build, but demand didn't slow nearly as much, and has rebounded much faster than supply has. There are dozens, and dozens of residential projects U/C all over Manhattan, Upper East Side in the 70s there a handful, around by me in the Lower West Side there are a handful, even on the Bowery which not so long ago was dodgey. All these projects are 5-15 stories, and fill up incredibly quickly. The demand for these projects is there, it's harder to get a construction loan to build the building, then it is to fill it up with residential tenants.

I'm getting off topic. There was always a residential aspect to this development, but it was overshadowed by the much larger commercial towers. It depends on what the site is zoned for, which I'm sure is in this thread somewhere. But this is good news, as Brookfield could start a residential tower immediately, and obviously wouldn't have to wait for an anchor tenant.

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Excuse me for offtopic, but when tower verre will start constructing?
It's been rumored this year or possibly next. The developer Hines, recently bought another stalled project 56 Leonard which they are apparently restarting this year. So moral of the story, Hines likes to move quickly.
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Old May 8th, 2012, 02:42 AM   #467
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I dunno but considering Beekman is ready, 157 and 432 Park are rising and Tower Verre will come too, is there really so much demand that more super expensive residential space will have to be built in the near or relatively near future?
This won't be super expensive, like 432 Park, One 57, or Torre Verre. This neighborhood doesn't warrant that pricing. If it's an amazing design, like 8 Spruce, the pricing likely will be in that range (e.g., $5k for a one bedroom).
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Old May 9th, 2012, 03:47 PM   #468
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It's great to see Manhattan West focus on a mixed-use proposition early on. Live-Work-Play projects do command a market premium in many cases. This is one of the aspects that I had discussed in my thesis back at MIT, which I have had the privilege of discussing with senior representatives at both of the major developers on the Farley Corridor. The entire Hudson Yards district (not just the eponymous project) has amazing potential to become a great mixed use precinct with its extensive portfolio of office, residential and retail projects.
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Old May 19th, 2012, 03:52 AM   #469
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Third tower!

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Quote:
Brookfield affirms Far West Side’s residential appeal
May 17, 2012


Phil Wharton

The Far West Side earned the latest confirmation of its potential as a residential neighborhood when office developer Brookfield Office Properties recently said it was considering adding 900 apartments to its Manhattan West project, according to the New York Post. The area already has thousands of new rental units from developers such as TF Cornerstone, Glenwood Management and the Related Companies, and has thousands more on the way from those developers, the Gotham Organization and Iliad Development.

But the office landlord’s decision to enter residential development with a tower in that particularly area affirms its appeal. Brokers say many renters covet the Far West Side for its plethora of new buildings and the amenities they offer.

However, the neighborhood still lacks many of the basic retailers that New Yorkers crave — although fancy restaurants, including another outpost of Brooklyn Fare, are on the way.

“There are signs of life; there are buildings that have been completed,” said Sherwood Equities CEO Jeff Katz, who is planning a development at 360 10th Avenue. “But it’s really not even a drop in the bucket compared to what is going to happen.”

Recognizing that potential was key to Brookfield’s decision to consider residential units for the development site, Philip Wharton, the former AvalonBay executive that Brookfield hired to boost its residential development team, told GlobeSt.com.

“There are parts of the site that lend themselves better to multi-family,” he said. “They are a little more secluded and we also think the proximity to the High Line is a nice alternative.”

[...]
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Old May 25th, 2012, 07:58 PM   #470
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A third tower would be nice!
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Old May 26th, 2012, 12:11 AM   #471
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When some naysayers kept insisting that based on "new plans" (which they inferred from renderings), neither tower would be at least 300m,I stated repeatedly that, as per a contact at Brookfield, the design was not final and would be based upon the needs of the tenants. Naysayers refused to accept this, but obviously, this news confirms this. By the way, if the first tower has 1.5m sf of office space and 900 apartments above it, and the second tower has, for example, 2.5m sf with more apartments, these towers both will be way over 300m.
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Old May 26th, 2012, 11:49 AM   #472
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Agreed. The space in these towers is huge.
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Old May 28th, 2012, 12:53 AM   #473
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No slouchers here:

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Old May 28th, 2012, 01:07 AM   #474
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How tall is that!? :O
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Old May 28th, 2012, 04:29 AM   #475
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another old one, against the skyline



from the first page, philivia
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Old May 28th, 2012, 04:44 AM   #476
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Oh my God!! that's amazing!
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Old May 28th, 2012, 05:11 AM   #477
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Quote:
Originally Posted by RobertWalpole View Post
When some naysayers kept insisting that based on "new plans" (which they inferred from renderings), neither tower would be at least 300m,I stated repeatedly that, as per a contact at Brookfield, the design was not final and would be based upon the needs of the tenants. Naysayers refused to accept this, but obviously, this news confirms this. By the way, if the first tower has 1.5m sf of office space and 900 apartments above it, and the second tower has, for example, 2.5m sf with more apartments, these towers both will be way over 300m.
but I thought that space would be divided into 4 towers.

If that's the case we're looking at 400 meter buildings.
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Old May 28th, 2012, 06:25 AM   #478
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This is exactly what Midtown needs !!
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Old May 28th, 2012, 06:31 AM   #479
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Brookfield will be very tall towers on the site, but most likely not those.
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Old May 28th, 2012, 06:48 AM   #480
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Quote:
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Brookfield will be very tall towers on the site, but most likely not those.
What makes you believe so?
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1 manhattan west, 2 manhattan west, 3 manhattan west, 4 manhattan west, 5 manhattan west, brookfield manhattan west, new york, north tower, supertall

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