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© Extell Development Company


© Extell Development Company


© Extell Development Company


© Extell Development Company


© Extell Development Company


© Extell Development Company



NYC Developer Embraces Religion in Search for Condo Sites
http://www.bloomberg.com/news/2014-...races-religion-in-search-for-condo-sites.html

Extell Development Co., the New York builder that set off a luxury residential construction boom with its One57 project, is expanding its reach on Manhattan’s west side with a pending purchase of a synagogue and a plan to redevelop a Baptist church.
Extell is in advanced talks to buy the Congregation Habonim synagogue at 44 W. 66th St. in a deal valued at $75 million, with plans to build condominiums on the site, according to documents the synagogue filed in New York State Supreme Court seeking permission for a sale.
Extell inks contract for Upper West Side synagogue Parcel at 44 West 66th Street has 75K sf of development rights -- and is next to Megalith site
http://therealdeal.com/blog/2014/07...per-west-side-synagogue/#sthash.CXGXReHN.dpuf

Barnett signed the contract in April to buy 44 West 66th Street from Congregation Habonim, city records published this month show. The site, which PropertyShark shows has 75,000 square feet of development rights, is located between Central Park West and Columbus Avenue, and is adjacent to the three-building package that Megalith bought for $85 million at 36-40 West 66th Street in March.
Brokers familiar with the site said there had been prior efforts to assemble a much larger development, noting that the synagogue is next to two properties with a large amount of excess air rights. The larger is media giant Disney’s landmarked building at 52 West 66th Street, which has 132,338 square feet of excess development rights, while the other is the the vision-impairment nonprofit Jewish Guild Healthcare at 15 West 65th Street, which has 68,600 square feet of available development rights, information from PropertyShark shows. One of those previous options included demolishing the synagogue, and then rebuilding a tower with about 25,000 square feet reserved for the congregation, one source said.
Extell, Megalith will partner to build UWS condo tower
http://therealdeal.com/blog/2014/08...o-build-uws-condo-tower/#sthash.gvlM56tH.dpuf

Extell Development plans to build a large condominium tower in partnership with Megalith Capital Management a half a block from Central Park West on land each firm will contribute to the project, recent court records show
The final size of the project is not known, and could vary in size dramatically. The base development rights for the Extell and Megalith sites allow for a tower encompassing roughly 150,000 square feet to 180,000 square feet, depending on whether the developer uses inculsionary zoning bonuses available in the Special Lincoln Square District, where the property is located, an analysis of the site found. But a much larger tower, of perhaps 400,000 square feet might be possible if Extell acquires the neighboring parcel at 15 West 65th Street, which is owned by the nonprofit Jewish Guild Healthcare, one land use attorney, who asked not to be identified, estimated.
 

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Discussion Starter · #4 ·
It's a nice area. The location of the property is a midblock betw. CPW and Columbus Avenue. It's actually located adjacent to or near ABC headquarters. There are several 20-30 story towers in the immediate vicinity I believe.
 

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It's a nice area. The location of the property is a midblock betw. CPW and Columbus Avenue. It's actually located adjacent to or near ABC headquarters. There are several 20-30 story towers in the immediate vicinity I believe.
Thanks, VG. I hope they acquire the additional air rights to make this stand out. I want more tall towers on the UWS and UES.

Speaking of which, the Gristides supermarket at 350 East 86th Street is now up for sale. A relatively tall tower could go up there. Its close to the U/C Second Avenue subway.
 

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This particular street is not great because it has the crappy synagogue and buildings for ABC Television. However, 99% of these streets off CPW are insanely stunning, and a tall building would be very inappropriate there.
 

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Up to 80 stories?

The Upper West Side Readies For Two Synagogue-Replacing Condo Skyscrapers



The Upper West Side has proven to be one of the most difficult areas to build, with a growing amount of land area contained in historic districts and much of the remainder constrained by tight zoning regulations. Over the years, its protective residents have been involved in the city’s most memorable development battles: fighting tooth and nail to reduce the scale of the Riverside South master plan; lessen shadows caused by the redevelopment of the New York Coliseum site (Time Warner Center); and more recently spearheading the downzoning of a 51-block swath of Broadway due to grievances caused by Extell’s Ariel East and West towers.

For the most part, the defensive strategy has allowed the neighborhood to retain much of its pre-war charms and human-scaled side streets. However, along its southern edge, where the buildings around Lincoln Center scale upwards to Midtown, zoning allowances are more generous. Two as-of-right towers are sure to ruffle some preservationists’ feathers and are poised to be the neighborhood’s biggest yet.

[...]

Three avenues east, at 36-44 West 66th Street between Columbus Avenue and Central Park West, Extell Development and Megalith Capital have assembled a large development plot with rumors circulating of a possible super tower rising as high as 80 stories. In line with Extell’s tight-lipped nature pertaining to their real estate ventures, no official details on the project have yet to be released.

What we do know is that in 2014, Megalith purchased three offices buildings owned by the Walt Disney Company for $85 million. In July, TRD reported that Extell purchased the adjacent lot, home to the synagogue of Congregation Habonim for $45 million, where they plan to build a soaring condo tower along with Megalith from the combined 15,000 square foot footprint.

Preliminary new building permits were filed in November under the LLC Megalith Urban Park and list SLCE as the architects of record. The permits detail a 25-story, 185,000-square-foot residential tower with a home for Congregation Habonim at its base. The scope of the project could be increased with the purchase of up to 130,000 square feet of development rights available from the landmarked First Battery Armory next door, and 68,000 square feet available from the Jewish Guild Healthcare building behind the site at 15 West 66th Street.



There’s an indication that developers may purchase the Jewish Guild building outright and demolish it. Two permits were filed last month by Exell/Megalith’s architect, SLCE and another by la and surveying and engineering company. Also, last month The Observer reported that GuildNet, a major tenant of the building, will be relocating to Midtown.

Last year the team completed demolition of the parcel’s low-rise structures, and currently an army of earthmovers are mobilized at the site ready to capture an unknown amount of air space. To seize the coveted Central Park views as the developer’s “Urban Park LLC” alludes to, the tower must rise at least 300 feet high to eclipse the rooflines of The Europa condo and the Park Ten co-op.

 

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This area gets taller residential tower recently, Hawthorn Park is pushing it with 640 ft.
If they want to have a lot of CP view apartments, this has to go higher than the neighbours.
 

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See First Rendering of Extell Development's Forthcoming Upper West Side Tower
February 1, 2017
Gary Barnett’s Extell Development Company is busy constructing three new neck-wrenching condo towers in Manhattan: One Manhattan Square, The Kent, and the city’s future tallest condo, Central Park Tower. Best known as the developers of the “Billionaire Building”, the firm has several other high-profile, albeit more mysterious prospects in the works -- such as a large mixed-use building planned for Fifth Avenue and 47th Street and a residential tower planned near Central Park at 36-44 West 66th Street. Now, we’ve uncovered the first rendering of the latter Upper West Side venture Extell is partnering with Megalith Capital Management to build.




More INFO in the post here.
 
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