Skyscraper City Forum banner
1 - 19 of 19 Posts

·
Registered
Joined
·
4,438 Posts


---------------------------------------------------------------------------------------------------------------------------------------------------------------------

Previous design:





Finally looks like Illiad is looking to move forward with this development and may use the same design when it was first revealed a couple of years ago. It’s been under the radar as I completely forgot about it. The lot is located between Rockrose Development and DHL building.

I hope they keep the design as it has a throw back look to it (Art-Deco)


30-Story Rental Apartment on West 38th St. Moves Forward
http://ny.curbed.com/archives/2014/05/16/30story_rental_apartment_on_west_38th_st_moves_forward.php

Plans for a residential tower at 509 West 38th Street were first revealed more than two years ago, and last night at a Community Board 4 meeting, Iliad Development shared more information.

The site is located in Hudson Yards Special Zoning District, and it used to be occupied by a four-story industrial building, which Iliad demolished a few years ago. Iliad confirmed that the building will indeed rise 30 stories as previously reported, and it will be comprised of 225 apartments, consisting of studios, one bedrooms, and two bedrooms.

To achieve the maximum height and additional air rights, the developers contributed to a district improvement fund and designated a portion of their square footage for community facilities. The tower sites at the corner of Tenth Avenue, and will be fronted on the west side by the pedestrian greenway Hudson Yards Boulevard.

Of the 225 apartments, 46 will be affordable—15 studios, 25 one-bedrooms, and sic two-bedroom. Theses homes will be affordable to families make no more than 60 percent of the Area Median Income, which means the studio units will start at $800, and the one-bedrooms at $1,000 (no sales information for the two-beds). The board seemed pleased with the distribution of the affordable units throughout the building, but voted to require a written statement from Iliad that the fixtures used between the market rate and affordable units are of comparable quality.


A representative from Ismael Leyva Architects, the firm responsible for the design, provided details about the amenities package. This includes a roof deck, which will "have no pool," and a gym, which, as he assured the board "would be no Equinox."

The façade, built of brick, steel, and glass, will "reflect the nature of the Hudson Yards area" and provide some relief from the ubiquitous, super reflective glass buildings that seems more at home in Miami.

Floors three to five of the building will be held as community facilities, providing 29,000 square feet of space. The developer has signed on the Fencers Club, a NYC non-profit established in 1883, to occupy 20,000 square feet.

No new building permits have been issued, but filings with the Department of Buildings show that pre-construction work at the site has been ongoing since 2012. The rendering above was revealed in 2012; it's unclear if the design is still the same, as at the meeting last night only a small, basic, black and white image was shown.
 

·
Registered
Joined
·
4,438 Posts
Discussion Starter · #2 ·

·
Registered
Joined
·
4,438 Posts
Discussion Starter · #4 ·
Ex-Vornado boss Michael Fascitelli back in the game

New firm working on resi project in Hudson Yards

http://therealdeal.com/blog/2014/12/02/ex-vornado-boss-michael-fascitelli-back-in-the-game/#sthash.Cz6SJo4O.dpuf



About a year and a half after he resigned as the chief executive at Vornado Realty Trust, Michael Fascitelli is back on the New York City real estate scene, quietly working on a residential development in Hudson Yards through his new investment firm.

Fascitelli, who left the REIT giant in April 2013 after nearly 16 years with the company, teamed up with former Vornado colleague Eric Birmbaum several months ago to form the investment firm Imperial Companies, sources told The Real Deal.

Imperial declined to comment, but during an interview in September at DLA Piper’s Global Real Estate Summit Fascitelli said he was looking to get back into real estate with “value-added development opportunities.”

Imperial has set up shop with an office on the 27th floor of 888 Seventh Avenue, the Vornado-owned office tower that also serves as the REIT’s headquarters.

The building is familiar territory for the two men who worked closely during their time at Vornado.

Before joining the real estate investment trust in 1997, Fascitelli worked in the real estate division of Goldman Sachs. He became one of the most high-profile figures on the real estate scene, and during his tenure as Vornado’s CEO the publicly traded company made big moves such as the $140 million investment to redevelop the Marriott Marquis retail space at 1535 Broadway and pouring money into JC Penney. That investment led to a loss of nearly $225 million.

Fascitelli cited burnout when he left Vornado, though at least one industry insider said he may have clashed with Vornado Chairman Steven Roth. Despite his departure, Fascitelli still serves on the company’s board of trustees. He also recently became a part owner in the Milwuakee Bucs basketball team, the New York Business Journal reported.

Birnbaum spent about six years at the company in the acquisitions and capital markets group as well as the in-house development team. He set out on his own in 2009 to form ELB Holdings, a company that repositioned and sold some 2,000 residential units, assembled a large development site on 42nd Street and began developing a 225-unit rental building in Hudson Yards under its Iliad Realty Group division.

Plans for the Ismael Levya-designed tower set to rise at 509 West 38th Street in Hudson Yards have been public for some time. But an examination of a Housing Finance Agency application reveals Fascitelli’s involvement. Imperial, along with its San Francisco-based partner Shorenstein, applied to receive $100 million in financing for the project, in exchange for setting aside 20 percent of the units as affordable housing. Fascitelli’s name appears on that application document.

The state Public Authority Control Board later voted to lend $104 million to the developers and provide an additional $5.9 million in tax credits. In return, Fascitelli’s group will set aside 46 of the building’s 225 units for tenants earning 60 percent of the area median income. The development also has an inclusionary-housing bonus of 44,436 buildable square feet the partners intend to sell off.

“It is anticipated that the bonus will not be used for the building,” the application read. “The square footage will eventually be sold for another development at another site.”

Birnbaum’s ELB Holdings is considering folding the 42nd Street development site – a 700-key, mixed-use hotel dubbed 400 Times Square – into Imperial Companies, a source told TRD. Imperial is also working on developing a large, upscale residential property.
 

·
Registered
Joined
·
4,438 Posts
Discussion Starter · #5 ·
New Look: Imperial Companies’ 30-Story 509 West 38th Street
http://newyorkyimby.com/2015/02/new-look-509-west-38th-street.html

Iliad Developers are no longer behind 509 West 38th Street, and Imperial Companies is now the developer.
While the building’s appearance has seen significant changes, its overall massing has stayed relatively consistent, and appears to match diagrams revealed by The Real Deal earlier this year. BKSK Architects is designing the tower while Ismael Leyva is the architect of record, and when it comes to the exterior, the new look is a definite improvement.
509 West 38th Street will be situated just west of the intersection of Tenth Avenue and 38th Street, adjacent to the new Hudson Boulevard, which is also depicted in the rendering. Excavation permits were filed this past July, and per the DOB, the tower will span 220,879 square feet and hold 225 residences as well as 29,661 square feet of community facility space and 13,636 square feet of ground floor retail.
I definitely think it’s an improvement from Iliads design. On my HY map I was unsure the exact location of this development. It will definitely front the future Hudson Boulevard so that means Rockrose development is on the western side of the Boulevard.



I always wondered about what the existing (older) buildings are going to do once the Hudson Boulevard cuts through. The sides that will end up fronting the boulevard will be a blank wall (no windows) which would look unattractive. Obviously when they were built, they were built in mind that one day a building would rise adjacent to it. Hopefully the building owners will do something about that.
 

·
Registered
Joined
·
1,011 Posts
YES YES YES! Love this, this is the type of infill I love. Take note, world. When will cities start realizing "international style" ie curtain walls don't contribute to, but rather diminish the uniqueness and character of a city. And these throwbacks that are reminiscent of local historic architecture perpetuate unique character.
 

·
Whiskey Tango Foxtrot
Joined
·
55,632 Posts
BKSK Architects’ “Hi-Side” Tower Goes Vertical on the Far West Side



To counter the far west side’s emerging future as a glass and metal ghetto, BKSK Architects have designed a robust steel- and brick-faced building at 509 West 38th Street, slated to open in 2017. After a failed condo proposal, a foreclosure, and a developer switch, the project is finally ascending and is already seven stories out of the ground since we last checked a week ago. Dubbed “The Hi-Side,” the 158,000-square-foot, mixed-use tower is being developed by investment firm Imperial Companies, who picked up the site from Iliad Development in an undisclosed deal.

Fast forward nearly eight years, and a 30-floor, 345-foot building is rising at the site. Situated at the eastern block front of the future Hudson Park Boulevard, bands of ribbon windows along its western face will provide residents with sweeping views of the Hudson River.

 

·
Let's Revive our Cities
Joined
·
2,615 Posts

·
Registered
Joined
·
485 Posts
509 West 38th Street Rising Within Manhattan's Hudson Yards District

Rising from the footprint of a former complex of nineteenth-century red-brick warehouses that once occupied the site, 509 West 38th Street is nearly complete. The 30-storey residential tower was designed by BKSK Architects for Imperial Properties, and will soon become part and parcel of the ongoing transformation of Midtown Manhattan's Hudson Yards District.
 

·
Registered
Joined
·
334 Posts
Teaser Site Launches for Newly-Dubbed Hudson Yards Rental, 'Henry Hall'
February 16, 2017
A newly constructed 30-story mixed-use rental tower in Manhattan has launched a teaser site in advance of its grand opening. The building is located at 515 West 38th Street in the Hudson Yards area of Midtown West and was previously known as 509 West 38th Street. Its teaser site introduces us to the building's new moniker Henry Hall, while also leaving us wondering, Who is Henry?




MORE INFO in the post here.
 
1 - 19 of 19 Posts
Top