Downtown | 80 South Street | 438m | 1436ft | 113 fl | On Hold

[Hudson11]

Chinese investors pay $390 million for right to build super tower near South Street Seaport

A Chinese investment firm announced it has agreed to pay $390 million for a development site near the South Street Seaport, paving the way for the erection of yet another super-tall skyscraper in a city that is quickly sprouting 1,000-foot plus tall towers.

[...]

A roughly 820,000 square foot building, with about 440,000 square feet of residential and 380,000 square feet of commercial space, can be developed on the combined site, which Howard Hughes bought in two separate deals and assembled together over the past year, according to city records.

this cityrealtynyc rendering shows the minimum height potential of this tower


80 South Street by cityrealty_nyc, on Flickr

[MarshallKnight]

Per Curbed this afternoon, the City Planning Commission has approved an air rights transfer that move the total development rights to a massive 1,067,350!

The City Planning Commission has just approved the transfer of thousands of square feet of air rights from an adjacent lot to 80 South Street, a tipster has revealed to Curbed. Since the lots were acquired by the U.S. subsidiary of the Chinese investment company China Oceanwide Holdings in August 2015, 426,940 square feet of air rights have been transferred to the lot. Early rumors surrounding the site speculated that the developer was planning a supertall tower. While no plans have been filed with the Department of Buildings, it looks like at least something is up.

The transfer could lead to the construction of a building spanning 1,067,350 square feet, according to the documents submitted by 80 South Street LLC to the City Planning Commission.

China Oceanwide Holdings acquired the property at 80 South Street along with another site at 163 Front Street for $390 million in August last year from the Howard Hughes Corporation.

At that time plans for the site called for the construction of a 820,000 square foot tower with 440,000 square feet of residential space.

Here's the latest planning diagram:

[Vintage812]

how many floors in the tower?

[MarshallKnight]

Someone with more patience than me can probably give you a more accurate count, but I count at least 90 floors in that diagram, including mechanicals and the podium.

[JohnFlint1985]

Still no renders....

[ThomasK2001]

I counted 115 floors

[Nexis]

I took this back in December


A mid Morning walk in Lower Manhattan by Corey Best, on Flickr

[Hudson11]

1436 ft!!! Above the WTC roof heights! A 'superslim' for downtown!

http://therealdeal.com/2016/03/17/ho...-chinese-firm/

After securing hundreds of thousands of additional development rights, the Howard Hughes Corp. has finalized its sale of 80 South Street to China Oceanwide Holdings.

The deal, initially announced in August, was contingent on Howard Hughes transferring an additional 303,113 square feet in air rights — after already securing 104,167 square feet — to the site, according to the sale agreement. The Chinese firm paid $390 million for the site, according to a statement released by Howard Hughes on Thursday. The City Planning Commission approved the air rights transfer in February, bringing the site’s development potential to 817,784 square feet and clearing the way for the two parties to finalize the sale.

The building is expected to be 1,436 feet and 113 stories, according to documents filed with the planning commission. The building would contain 441,077 square feet of residential space and 376,707 square feet for hotel, officce or retail use.

[BarbaricManchurian]

Oceanwide DOES NOT mess around. They're developing the massive CBD in Wuhan.

[JohnFlint1985]

Originally Posted by Hudson11

1436 ft!!! Above the WTC roof heights! A 'superslim' for downtown!

http://therealdeal.com/2016/03/17/ho...-chinese-firm/

This is one insane height for such a building!!! I wish they had a bit more interesting design, but no big deal

[Fabio1976]

To correct the title : 1436 ft and 113 floors !!!!

[Nexis]

Taken the other day

--Hosted on my site

[Hudson11]

that is One Seaport. 80 South Street is a parcel next door, and is currently being readied for demolition.

[Hudson11]

Oceanwide stopped work on their Los Angeles project amidst recapitalization. Their San Francisco project is also going slow, though that could be attributed to earthquake zone safety standards. I wouldn't count on this tower starting any time soon under them.

[Hudson11]

Oceanwide is selling. Hopefully someone capable picks its up rather someone who will continue the seemingly endless cycle.

China Oceanwide Holdings Quietly Marketing 80 South Street for $300M

Cushman & Wakefield's Adam Spies has been tapped to market the site. He didn’t respond to requests for comment.

Sources said that only five firms have been approached to bid on the property. Those five firms couldn’t be confirmed by press time.

[BarbaricManchurian]

Looks like they massively overextended. Don't know the full geographic spread of their developments, but I know their CBD in Wuhan is massive and will certainly take a while to fill up. Probably transfers to foreign subsidiaries (moving money out of the country) are under scrutiny under their current regime, as any of their US projects would be a major success when completed, great urban locations for all three.

[Hudson11]

Exclusive Reveal for Lower Manhattan’s Tallest Proposed Supertall, at 80 South Street

[Hindustani]

I want this supertall going up asap!.