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Old October 11th, 2009, 03:58 PM   #141
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Old October 12th, 2009, 11:38 PM   #142
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That hotel is trash let get it out of here. Time for the supertall.
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Old October 13th, 2009, 10:40 PM   #143
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That would be a waste of time and money.
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Old February 10th, 2010, 02:08 PM   #144
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NEWS!

Quote:
City Realty
By Carter B. Horsley
February 09, 2010

Steve Roth of Vornado Realty Trust has submitted plans to the City Planning Commission for a 1,190-foot-high office tower on the site of the 22-story Hotel Pennsylvania on Seventh Avenue between 32nd and 33rd Streets.

The tower would contain about 2 million square feet of commercial space including trading floors.

It has been designed by Pelli Clarke Pelli, which designed 1 Beacon Court on Lexington Avenue between 58th and 59th Streets for Mr. Roth's company.

According to an article today by Eliot Brown at therealdeal.com, Vornado began the city's land-use-review process for the project today and last month submitted two similar versions of its plan to the commission: one for a single-tenant building and the other for a multi-tenant building. The illustration (below) shows a rendering of the multi-tenant tower.

In late 2007, Merrill Lynch selected Vornado and its site for a new world headquarters but, Mr. Brown noted, "just days later, preoccupied with $7.9 billion in write-downs, Merrill's board held off on voting on the headquarters plan, instead ousting Mr. O'Neal," adding that "The proposed $3 billion tower plan followed him out the door."

Vornado has told the commission that if it does not get the approvals needed for the project, it would proceed with an "as-of-right" commercial tower of about 1.15 million square feet.

Vornado has been acquiring land in the vicinity of the old Pennsylvania Station for several years and had hoped to be able to use all of its unused air-rights to build at least one very major skyscraper on the existing site of Madison Square Garden, which it did not own. The owner of the garden, however, recently decided against selling and moving the area to the James A. Farley Post Office Building one block to the west.

The original Pennsylvania Station was designed by McKim Mead & White and was widely recognized as one of the city's greatest Beaux-Arts buildings. Its demolition in 1964 led to the belated creation of the city's Landmarks Preservation Commission.

The 1,700-room Hotel Pennsylvania was erected in 1919 directly across Seventh Avenue from the famous train station and was also designed by McKim Mead & White. At one time, the hotel said it was the world's largest.

The plan to relocate Madison Square Garden and build a new train station and demolish the Hotel Pennsylvania were a central part of much larger plans by the city to significantly redevelop much of southwest midtown Manhattan, a plan that involved an expansion of the Javits Convention Center, the creation of a major new angled boulevard between 42nd and 34th Streets to be known as Hudson Yards, and the creation of a major new residential and office complex on platforms over the east and west train yards between 30th and 33rd Streets east of 10th Avenue, and an extension to the west of the 7 subway line.

The Hotel Pennsylvania is one of the last surviving examples of very large hotels in the city built to accommodate train travelers.

The hotel, whose address is 401 Seventh Avenue, was erected by the Pennsylvania Railroad and was operated by Ellsworth Statler and was acquired by the Hotels Statler Company in 1949. After all 17 Statler hotels were acquired by Conrad Hilton in 1954, it became The Statler Hilton. In the early 1980s, Hilton sold the property and it became the New York Statler again. In 1984, it was acquired by the Penta chain and became the New York Penta. In 1992, it reverted to the Hotel Pennsylvania.

The hotel's telephone number, Pennsylvania 6-5000 is supposedly the New York City telephone number in longest continuous use and was famous as the name of a song by the Glenn Miller band.

The local community board voted 21 to 8 to 8 with two present and not voting to recommend November 8, 2007 that the Hotel Pennsylvania be designated an official city landmark, but in February, 2008, however, a spokesman for the landmarks commission confirmed that the agency had decided not to hold a hearing on its possible designation.
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Old February 10th, 2010, 02:09 PM   #145
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http://www.observer.com/2010/real-es...-tallest-tower
City's New Third-Tallest Tower?

By Eliot Brown
February 9, 2010


Just as the markets were starting to unwind in October 2007, real estate titan Steve Roth thought he'd hooked a giant fish. Merrill Lynch had been through a tortuous, hard-fought search for a firm to build its new world headquarters, and after pitting Mr. Roth and his Vornado Realty Trust against developer Larry Silverstein and landlord Brookfield Properties, the investment bank's CEO, Stan O'Neal, gave Mr. Roth the nod. Merrill Lynch wanted a new, Vornado-built headquarters across from Penn Station, on the site of the Vornado-owned Hotel Pennsylvania.

But just days later, preoccupied with $7.9 billion in write-downs, Merrill's board held off on voting on the headquarters plan, instead ousting Mr. O'Neal. The proposed $3 billion tower plan followed him out the door.

Now Mr. Roth, the hard-charging billionaire chairman of Vornado, is doing what can best be described as readying himself for the next Merrill.

On Feb. 8, Vornado began the city's land-use review process, the seven-month cavalcade of criticisms, recommendations and demands from residents and officials, which is the most significant public approval needed to demolish the hotel and build a new tower in its place. The reason for the review's start, according to statements Vornado representatives have made to government officials and others, is not because demolition of the Hotel Pennsylvania is imminent. Rather, the firm wants to be ready to pull the trigger should it ever find another tenant, saving itself the uncertainty and time requirements that come with public approval.

The Pelli Clarke Pelli-designed tower Vornado is proposing to build would be a giant arched obelisk, one that, at
1,216 feet, would soar to a few hairs short of the Empire State Building's peak and would eclipse all but the under-construction 1 World Trade Center to become the city's third tallest building.


Vornado has been mostly silent on the topic publicly, but based on plans filed with the Department of City Planning, the firm has two similar designs it is putting through public review: One is for a single office tenant with a podium of large trading floors; the other, a slightly smaller tower, allows for more retail.

To win this shot of added density on the site, Vornado is offering an inducement of transit improvements, including the reopening of the "Gimbels Passageway," an underground walkway linking Penn Station and Herald Square, which has been closed for nearly three decades.

"It's going to be a tough one," Kevin Finnegan, Community Board 5's land-use chairman, said of the tower proposal. "It's really big. It's humongous," he added. "At the same time, it is an ideal place for a large building because of its access to transit, and there are significant and important improvements to the transit infrastructure."

THE EFFORT TO PREPARE the Hotel Pennsylvania for an office tower is part of a far larger scheme of Mr. Roth's. In the mid-1990s, he bought up much of the neighborhood surrounding Penn Station in a bet that an expanding midtown Manhattan would next sprout office towers in the long-grungy, transit-rich district. At the same time, he pursued a redevelopment and expansion of Penn Station that stood to open up millions of square feet of new development.

But despite his anxious and bullish stance, Mr. Roth has earned a reputation for being one of the more patient developers in the city. For about a decade, he sat on the vacant site of Alexander's department store on 59th Street and Lexington Avenue before he ultimately signed the expanding Bloomberg LP and built its new headquarters.

He's now waited an entire real estate cycle with no major steps toward the transformative goals for the "Penn Plaza" area (though rents did rise), apparently content to keep sitting on his 7 million square feet of property until the time is right.

To that end, the 1919-built Hotel Pennsylvania holds little nostalgic value in Vornado's heart. Talking to Vornado investors in 2008, Mr. Roth referred to it as "a placeholder, sort of like a parking lot," until a tenant can once again be wooed to the area. Then again, the firm has vacillated at times, saying it might renovate the hotel to draw a higher-end clientele.

At the market's peak, the Pennsylvania, with its dimly lit lobby and dingy rooms, was a cash cow, as demand for hotel rooms skyrocketed while the supply stayed mostly constant. In 2007, Vornado reported $38 million in earnings on the hotel; in 2008 it grew to $42 million. (Vornado and other partners paid just $159 million for it in 1997.)

But this year, with tourism down and smaller, limited-service hotels opening their doors, its numbers have tanked. Through September, at the latest filing, Vornado reported $7.8 million in earnings from the hotel, down $21 million through the same period the year before.

As of yet, it's unclear just how high the hurdle will be for Vornado to win public approval of its tower. Local residents are sure to have concerns with the density—its proposed size is larger than the Empire State Building—and there is a set of preservationists who have been trying to landmark the McKim, Mead & White-designed Hotel Pennsylvania, to no avail thus far.

On the other hand, Vornado is permitted to build a rather tall building without any approvals at all, and it is entitled to a "transit bonus" of density, provided that the transit agencies and community are content with the improvements being offered.

And then there are the union workers in the hotel, who have not yet made much noise about the proposed tower (though they did join in a push to landmark the hotel in late 2007). A new office tower would, after all, mean the demolition of the 1,700-room hotel and the jobs inside, but given the economy and the dearth of would-be tenants lining up to occupy the tower, it's not as though a wrecking ball is imminent.

Whatever resistance there is will become clearer in the coming weeks. The plan goes before the community board, which may give a nonbinding recommendation on the tower. Ultimately, any changes would likely come as a result of pressure from the City Planning Commission or from Council Speaker Christine Quinn, the local representative for the tower. Both must vote in favor of the project if it is to proceed.

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Old February 10th, 2010, 02:12 PM   #146
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there are two version, the single tenant version and the multi tenant version:
.
http://nyc.gov/html/dcp/pdf/env_revi...n_deis_noc.pdf

Single tenant version:


Multi tenant version:

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Old February 10th, 2010, 02:14 PM   #147
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here some pics for comparison:









Single tenant...





Single tenant...


Multi tenant...


Single tenant...







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Old February 10th, 2010, 07:07 PM   #148
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Awesome news! That's a really tall building to be going in so close to the ESB. I like both designs.

Last edited by spectre000; February 10th, 2010 at 07:28 PM.
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Old February 10th, 2010, 08:26 PM   #149
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here are some more renderings and comparison diagrams, posted by NYGuy ons SSP:

Large version of the multi tenant tower




Large version of the single tenant tower




Single


Multi





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Old February 10th, 2010, 09:18 PM   #150
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Stunning renderings! This building just must be built! Perfect for that area, near the Empire State Building! Love the design too, hopefully the taller one gets the go ahread. This is about the best news we've had in New York for a very long time.
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Old February 10th, 2010, 10:35 PM   #151
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Well needless to say i'd like to see this happen, i would like to see NYC with at least 6 to 8 supertalls by 2020, this tower(s) would work wonderfully in this spot, the views of the ESB, and NE from it's upper floors, would be uncompromising....!!!
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Old February 10th, 2010, 10:54 PM   #152
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Quote:
Originally Posted by Onn View Post
Stunning renderings! This building just must be built! Perfect for that area, near the Empire State Building! Love the design too, hopefully the taller one gets the go ahread. This is about the best news we've had in New York for a very long time.
yeah the renderings look promising! let's hope some NIMBYs don't kill it before it got even approved. the last thing NYC and us skyscraper fans need is a long and painful approval process like the Tower Verre had. but at least TV got approved in the end.
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Old February 10th, 2010, 11:03 PM   #153
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Quote:
Originally Posted by TICONLA1 View Post
Well needless to say i'd like to see this happen, i would like to see NYC with at least 6 to 8 supertalls by 2020, this tower(s) would work wonderfully in this spot, the views of the ESB, and NE from it's upper floors, would be uncompromising....!!!
you say it. if everything goes by plan NYC will have several new supertalls by the end of 2020:

- ESB (Com)
- BofA (Com)
- Chrysler (Com)
- NYTT (Com)

- 1WTC (U/C)
- 157 West 57th Street (U/C)

- Girasole (Prep)
- Tower Verre (App, soon to be Prep)

- 2WTC (App)
- 3WTC (App)

- 15 Penn Plaza (Prop)
- Midtown Towers (Prop)

so all in all about ~ 10 supertalls.
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Old February 10th, 2010, 11:19 PM   #154
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Originally Posted by HK999 View Post
yeah the renderings look promising! let's hope some NIMBYs don't kill it before it got even approved. the last thing NYC and us skyscraper fans need is a long and painful approval process like the Tower Verre had. but at least TV got approved in the end.
Something has to break through eventually, I have a good feeling about this one. I think it's doable, many of the big proposals that came up in 2007 were a little overly ambitious. But this one they should be able to get done, and they have the transit bonus card to play too; much like Beekman Tower did with the school bonus at its base. If they put in a little something for everyone they may very well have a deal.
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Old February 10th, 2010, 11:59 PM   #155
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when does the planning comission will give a green light / a go ahead for this tower? It looks huge, but i do like its design.
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Old February 11th, 2010, 12:17 AM   #156
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Quote:
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when does the planning comission will give a green light / a go ahead for this tower? It looks huge, but i do like its design.
Well I believe the developer has to pick a design first, they've submitted two so far. I'm not sure exactly, you can read more about it here at the very bottom of the page.

http://wirednewyork.com/forum/showth...t=6337&page=82
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Old February 11th, 2010, 03:12 AM   #157
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I like the skinner one which happens to be the tallest one as well. But this good new indeed let's get that old trash building out of here. Its a little close to the ESB but what can you do.
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Old February 11th, 2010, 04:19 AM   #158
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god, that tower is fine. please build it New York.
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Old February 11th, 2010, 04:29 AM   #159
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Its a little close to the ESB but what can you do.
Is the perfect distance... not too close, not so far away...

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Old February 11th, 2010, 04:58 AM   #160
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This is just fantastic!
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