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Old May 1st, 2014, 06:55 PM   #121
Ghostface79
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Construction Update: 605 West 42nd street

http://newyorkyimby.com




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Old May 12th, 2014, 02:06 AM   #122
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pics took today. this one moving along now!!



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Old May 25th, 2014, 06:21 AM   #123
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Did this one and 551 10th Avenue like in a half hour, was just curious how they look in skyline; I thought whatever might as well share here . They just fit right in.



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Old May 25th, 2014, 06:48 AM   #124
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Saw the nickname in an article earlier but the area on the West Side north of the Hudson Yards and south of Hell's Kitchen will look more like a 'Hong Kong on the Hudson' with these 600+ ft glassy skyscrapers rising.

Last edited by Hudson11; May 25th, 2014 at 06:54 AM.
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Old May 27th, 2014, 05:33 AM   #125
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Pic I took today. Almost 4 floors in last 2 weeks

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Old May 28th, 2014, 06:44 AM   #126
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Old May 28th, 2014, 06:48 AM   #127
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Sparkling photos!
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Old May 28th, 2014, 10:11 AM   #128
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This project is a great addition to this area!
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Old May 28th, 2014, 04:44 PM   #129
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Well this is shooting up fast! perhaps another tower rising at 2 floors a week?

This area along with the Hudson Yards will truly transform New York
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Old June 4th, 2014, 10:57 PM   #130
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Interesting..

Bank of China to Provide $550M for Moinian Group 80/20 Development
http://commercialobserver.com/2014/0...0-development/

Quote:
New York’s mayor of six months has remained relatively mum about the finer details of his affordable housing plan, but the deals may soon start to speak for themselves.



Bank of China is close to finalizing a deal that will provide $550 million in HFA credit enhancement bonds to fund the construction of the Moinian Group’s 80/20 residential development at 605 West 42nd Street, sources familiar with the transaction told Mortgage Observer Weekly exclusively.

The construction financing on the 60-story rental apartment property is due to close in the upcoming weeks and will carry a term of four years, according to one person privy to the negotiations who spoke on background. The debt will be provided in the form of low interest rate bonds sold to third-party investors, that person said.

Joseph Moinian’s real estate development firm, based in Midtown Manhattan, began construction on the apartment tower in 2013. Plans to erect the 60-story building at the corner of 11th Avenue were filed with the New York City Department of Buildings in April 2013.

The completed 1.16 million-square-foot tower will contain 1,174 apartment units in addition to 50,000 square feet of retail space along 11th Avenue and a parking garage with just under 500 spaces, a source said via email. About 235 of the studio, one- and two-bedroom units will be priced below market rate.

Construction on the building’s core now reaches the 14th story and is expected to come to a close in late 2015, said one person familiar with the deal. Once completed, 605 West 42nd Street will be the largest residential development in Manhattan since Battery Park City.

In 2005, Moinian paid Verizon $120 million for the property’s site, which at the time contained a parking garage and an industrial building, according to city records.

Natixis Real Estate Capital provided a $109 million loan on 605 West 42nd Street in December 2012 to refinance previous debt from Wachovia Bank following the developer’s acquisition of the property.

Bank of China and the Moinian Group declined to comment on the upcoming round of HFA financing.
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(click again once inside to enlarge the map)
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Old June 5th, 2014, 06:34 AM   #131
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The podium didn't look tapered in the renders...
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Old June 5th, 2014, 11:42 AM   #132
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It does very slightly:

image hosted on flickr


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Old June 21st, 2014, 10:54 PM   #133
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Well here is the glass!! Pics took today with my phone





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Old June 21st, 2014, 11:17 PM   #134
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Gorgeous shots!


From the 17th:


20140617_104748 by Calcio1008, on Flickr


Empire State Building by cercamon, on Flickr



6/23


june_23_2014 051 by markstemp58, on Flickr
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Old June 22nd, 2014, 04:34 AM   #135
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This one just shot up out of nowhere
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Old June 24th, 2014, 12:13 AM   #136
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and it rises quickly.
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Old June 24th, 2014, 12:34 AM   #137
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Yes On May 27 They Was Working On 12th Floor, on June 21 19th floor; 7 floors in 25 days!! This should top out in no time
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Old June 24th, 2014, 06:40 AM   #138
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6.21.14















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Old June 25th, 2014, 12:27 AM   #139
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And it rises taler than the 2 towers in front.
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Old June 25th, 2014, 08:47 PM   #140
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Quote:
Originally Posted by Eric Offereins View Post
And it rises taler than the 2 towers in front.
1m

they're 199m when i remember right.
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