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Old June 10th, 2008, 10:39 PM   #21
ZZ-II
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posted today by Lecom on SSP:





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Old June 11th, 2008, 01:05 AM   #22
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great building new york!
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Old October 21st, 2011, 08:26 PM   #23
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Reawakening?

45 Broad St To Hit The Auction Block

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Nobu Hotel once slated for the site at 45 Broad

Lehman Brothers Holdings is expected to take control of a Kent Swig development site at 45 Broad Street at a foreclosure auction scheduled for next month. Swig's Swig Equities lost control of the site after Lehman filed to foreclose in 2009; the site was then put in the hands of a court-appointed receiver. Swig is named in the foreclosure suit, along with various organizations that have filed liens against him. Among the other defendants are Langan Engineering & Environmental Services, New York State Department of Taxation and Finance and other tenants, occupants, contract parties, lien-holders and others that may claim an interest in the property. The lien amount is $72.5 million in total. The auction will take place Nov. 16, according to PropertyShark.com.
This long lost development opportunity will be back on the burners after that auction. Hotels are hot in NYC right now so a new developer could easily dust off these plans and build!
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Old June 9th, 2012, 08:38 PM   #24
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there has been a report of activity on site over at SSP...

SSP Nobu Tower Thread

also, is there another thread for this? i fear i might have bumped the wrong thread :\
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Old June 9th, 2012, 08:49 PM   #25
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Good news.

With 216 meter, it should be in the skyscrapers section.
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Old May 9th, 2013, 01:17 PM   #26
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45 Broad St. Returns To Lehman

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April 18, 2012

[...]

The building at 45 Broad Street, slightly south of 25 Broad, hit the foreclosure auction block in November 2011 with an outstanding lien of $72.5 million in total, The Real Deal previously reported. Lehman took control of that property last month for $76.79 million, according to public records.

“They’re going to bring them to market in a big way,” Lawrence Porter, a managing director of Newmark Knight Frank who attended the auction, speculated.

---
This property is likely to bounce around a while before a developer steps up to build there. Apparently the site has been manicured somewhat in anticipation of a sale.
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Old January 15th, 2014, 11:34 PM   #27
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Formerly Swig-owned development site in FiDi hits market

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A Financial District development site that will allow for a 264,200-square-foot residential tower or hotel has hit the market for an undisclosed amount.

The site at 45 Broad Street once belonged to Kent Swig, but he was forced to turn it over in 2011 after defaulting on a loan.

“There is no height restriction in the area,” Cushman & Wakefield’s Nat Rockett told the New York Post. Rockett is marketing the site, located between Exchange and Beaver streets, along with colleagues Helen Hwang, Jared Kelso, Karen Wiedenmann and Sujohn Sarkar. He added that he expected bidders to focus on residential condominiums and hotels, as condos were selling for north of $2,000 per square foot and the hotel market area in the area remains underserved.

Swig purchased the site in 2006 for $29 million, and had plans to construct a 62-story hotel and condominium development named Nobu Hotel and Residences, as The Real Deal reported. He partnered with actor Robert De Niro but the project never saw the light of day.

With no height restrictions and going into a superhot market, expect this site to be fodder for supertall talk!
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Old January 16th, 2014, 08:24 PM   #28
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another possible supertall, that's so crazy
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Old January 18th, 2014, 01:11 PM   #29
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What, no height restrictions. Build what you can.
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Old January 19th, 2014, 12:26 AM   #30
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Development Site Sales Heat Up

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NEW YORK CITY-Development site sales are on fire.

Cushman & Wakefield has been tapped to market a whopping 264,200-square-foot site in the of-the-moment Downtown corridor, at 45 Broad St. At the same time, HFF has closed on a parcel in Chelsea that spans just 7,538 square feet yet it sold for $42.8 million. The latter property includes development rights for more than 144,000 square feet.

Analysts earlier this week indicated that these types of notable transactions are to be expected in 2014. Development site sales “have really taken off,” said Robert Knakal, chairman, Massey Knakal, in a fourth quarter briefing earlier this week. In 2013 across the four boroughs (Massey K doesn't cover Staten Island) their transactions reached $5.2 billion. In Manhattan alone it was $4 billion, including $204 million in Northern Manhattan. For parcel sales south of 96th Street, the average price per buildable square foot was $445, up 22% over 2012.

Located steps from the World Trade Center, 45 Broad St. likely will become a super-luxury residential or mixed-use property. Based on Knakal’s report on average pricing, the spot could command a price as high as $117.6 million. A Cushman spokesman declined comment.

The parcel would afford an investor the opportunity to build a new tower in the Financial District with no specified height restriction, according to Cushman & Wakefield. Based on initial architectural studies, the site can support a 45- to 50-story tower, providing views of the skyline and New York Harbor.

Condominium demand in the Financial District is solid from domestic and international buyers alike, the firm notes, with existing condos experiencing 25% year-over-year growth and properties under development projecting sellout prices of $2,500 to over $3,000 per square foot–more than twice the Downtown average. Cushman & Wakefield EVPs Nat Rockett and Helen Hwang; Jared Kelso, managing director, Karen Wiedenmann, executive director and Sujohn Sarkar, director, are marketing the property.

[...]
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Old January 21st, 2014, 02:55 PM   #31
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For Sale: 45 Broad Street

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Residential buildings in the Financial District have seen a dramatic increase in their average planned heights, and the recent trend will likely extend to 45 Broad Street. Given the Nobu Hotel was planned to rise 62 stories and 709 feet, the tower could easily eclipse the 700′ mark; there has been a shift towards fewer units per floor in recent years, and lofty ceilings have become standard for super-luxe developments.
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Old January 23rd, 2014, 06:36 PM   #32
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Good location. This site will get snapped up quickly.
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Old January 25th, 2014, 09:54 PM   #33
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Hotel floors are not as high as apartment floors. This should be well beyond 700ft if they chose to build luxury apartments.
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Old March 4th, 2014, 05:47 AM   #34
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This spot has a lot of potential. I'd be awfully shocked if they didn't incorporate 45 Broad to this development. If indeed it does happen I think this site have more potential to entertain one of those tall buildings people here have been craving for than any of those other sites, the location is just amazing (across from the NYSE and most high end shopping and restaurants downtown) and there's no height limit.
Besides I'm rooting for a tower downtown to dethrone that bore that is 1WTC, I'm gonna be following this one closely.
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Old March 4th, 2014, 05:56 AM   #35
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Quote:
Originally Posted by Ghostface79 View Post
This spot have a lot of potential. I'd be awfully shocked if they didn't incorporate 45 Broad to this development. If indeed it does happen I think this site have more potential to entertain one of those tall buildings people here have been craving for than any of those other sites, the location is just amazing (across from the NYSE and most high end shopping and restaurants downtown) and there's no height limit. Besides I'm rooting for a tower downtown to dethrone that bore that is 1WTC, I'm gonna be following this one closely.
Agree, will be keeping tabs here too. Great location and did i hear No height limit?? Drooooool! lol! This sounds very promising and here's hoping for the best case scenario on that power play.
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Old March 4th, 2014, 07:09 AM   #36
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If the sites can be combined I would guess this would become ~75 stories. They certainly have the air rights to build the tallest residential building Downtown, and something in the 1,000' range is very possible.

The caveat is whether the sites are combined or not.
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Old March 4th, 2014, 11:06 AM   #37
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I am hoping for a height increase then! Even 100m and I'd be happy

But just imagine if this tower would rival WTC1 and 2! :O

If this tower is then moved over to the adjacent sight, how big iof a building would be build here, seeing as the air rights would be taken?
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Old March 4th, 2014, 11:22 AM   #38
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The article is saying 742 ft. at 53 floors but maybe they can add some extra zing to the top.
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Old March 4th, 2014, 02:01 PM   #39
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So 742 ft for now, but possibly much taller?

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sources say the third-generation developer has already hired FXFOWLE to research the feasibility of redeveloping the current 35-story, 402-feet-tall office structure into a 53-story, 742 feet-tall mixed-use building.
..
But it is entirely possible that Rudin is planning a tower play and will be bidding with an eye on winning that site and incorporating its 264,200 square feet into Rudin Management’s 55 Broad, so he can add a new majestic skyscraper to the downtown skyline.
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Old March 4th, 2014, 03:58 PM   #40
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Nice so 226m tall as planned atm it is!
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