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  #21  
Old Posted Mar 21, 2013, 1:04 AM
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http://therealdeal.com/blog/2013/03/...own-east-site/

Extell set to grow Midtown East site
Firm has three buildings within a larger parcel that city projects could be 925K sf hotel





Gary Barnett and 143 East 49th Street


March 20, 2013
By Adam Pincus


Quote:
Extell Development is buying a small building on 49th Street in Midtown East that would add to a garage and a mixed-use building that the company already owns on the block between Lexington and Third avenues. Extell signed a contract on the four-story 143 East 49th Street from Ramosar Realty last April, and plans to close the purchase on or before June 30, city property records filed this month say. No price was given for the purchase of the 4,875-square foot residential and retail building that is squeezed between the hotel and another apartment building.

This would be the third contiguous building that Extell owns on the block. The largest so far is the seven-story garage at 138 East 50th Street, that Extell purchased for $60.9 million on Dec. 1, 2011. It has 120,492 square feet of development rights. On the same day, a company affiliated with Extell purchased 151 East 49th Street for $9.6 million, city records show. That four-story structure comes with 22,080 square feet of development rights, data from PropertyShark shows.

It is not known if Extell is building a modest tower, or something larger, because the firm did not respond to requests for comment. However, these three buildings are within a larger footprint, identified as site number 17, that Mayor Michael Bloomberg’s Midtown East rezoning proposal envisions could be redeveloped as a massive 924,893-square-foot hotel if a total of six parcels were combined. The largest building within the potential site is the W New York at 541 Lexington Avenue, owned by Host Hotels & Resorts.

The city’s plan identified site 17, fronting Lexington Avenue between 49th and 50th streets, for a large hotel. Barnett now owns three of the six parcels the city projects would be part of the large site.


Host Hotels did not respond to a question asking if it was negotiating with Extell to redevelop the site. An individual who would not identify himself at Ramosar Realty denied the building was for sale.

The memorandum of contract noting the expected sale of 143 East 49th Street was signed by Extell’s Executive Vice President Dov Hertz and recorded on March 6, city records show.
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  #22  
Old Posted Aug 22, 2013, 6:58 PM
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http://therealdeal.com/blog/2013/08/...st-assemblage/

Extell unloads Midtown East assemblage
Buyer is same team that purchased famed eatery Elaine’s






August 22, 2013
By Adam Pincus


Quote:
Gary Barnett’s Extell Development sold a development site that lies within Mayor Michael Bloomberg’s ambitious Midtown East rezoning plan last week to a joint venture including Robert Skolnick and Ceruzzi Properties, several sources told The Real Deal.

The site includes 138 East 50th Street and 151 East 49th Street, between Third and Lexington avenues, as well as air rights from neighboring buildings. The two sites combined have development rights of just over 70,000 square feet, according to PropertyShark, in addition to an unknown amount of air rights. The price of the deal was not immediately known.

Skolnick and Ceruzzi purchased the site of the famed restaurant Elaine’s at 1703-1705 Second Avenue on the Upper East Side in January 2012 for $8.045 million.

Extell has been pruning its collection of development sites in recent months. This month, the developer sold 112 West 25th Street, between Fifth and Sixth avenues, to hotel developer John Lam for $67.5 million. And in June, the firm announced it would swap its 1 Hudson Yards site, with plans for a 1.7 million-square-foot commercial tower, with a site at Eighth Avenue and West 45th Street that the Related Companies owns with Boston Properties.
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  #23  
Old Posted Aug 22, 2013, 7:26 PM
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thank god. i'd love to see that 150th street parking structure replaced, but those lexington-fronting buildings are fantastic old manhattan, and it would be a sham to see them go for some glass tower.
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  #24  
Old Posted Feb 20, 2014, 4:56 AM
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Quote:
Originally Posted by NYguy View Post

And accross from the Benjamin...

Dick Johnson NYC




Site 16, the InterContinental, could also be redeveloped with another large hotel...

Dick Johnson NYC
The Benjamin is gorgeous. Actually it reminds me of the Drake hotel except with a different shade of brown. I know the the Drake has been long gone but it looked a lot better....

Anyway, I wonder if the new mayor will allow hotels in East Midtown? The Bloomberg Admin. proposal had very few sites available for development and quite frankly needed a lot of work.

Last edited by Perklol; Feb 23, 2014 at 4:24 AM.
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  #25  
Old Posted Feb 23, 2014, 1:55 AM
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Looks like some action...


As of February 22nd, 2014...
Photo Credit: EastMillinocket @ WNY


©EastMillinocket


©EastMillinocket
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  #26  
Old Posted Jun 18, 2014, 4:35 PM
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NEW YORK | 138 East 50th ST | 502 FT | 52 FLOORS

Permits Filed: 138 East 50th Street

Quote:
The first DOB filings are up for yet another major new development in Midtown, at 138 East 50th Street. According to the New York Post, Extell bought the site for $61 million in 2012, but The Real Deal reported that Ceruzzi Properties acquired the site from Extell last August, though the last transaction’s dollar value was not specified.

Permits list SLCE as the architect of record, and the new tower will be a relatively large hotel, totaling 220,638 square feet. Plans include a 7,036 square foot retail component, and above, the 52-story skyscraper will be divided between 764 rooms, and 138 East 50th will stand 502 feet to its roof.

Renderings are currently lacking, but in terms of appearance, the project is likely to be average. Whether SLCE is the design architect remains to be seen, but the filings indicate relatively low ceiling heights, in addition to small rooms; while the product will seemingly fall below the super-luxury threshold, that is a good thing, as demand for more affordable new hotel rooms in Manhattan continues to soar.
=======================================
http://www.yimbynews.com/2014/06/per...th-street.html

Last edited by chris08876; Jun 18, 2014 at 5:45 PM.
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  #27  
Old Posted Jun 18, 2014, 5:45 PM
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Wow, those really will be low ceiling heights. Less than 10 ft?
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  #28  
Old Posted Jun 18, 2014, 5:54 PM
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Originally Posted by scalziand View Post
Wow, those really will be low ceiling heights. Less than 10 ft?
I'm assuming affordable housing requires less height than luxury as the article mentions. Hmm, I always though higher ceiling heights were normal even in affordable housing as well as when it comes to luxury. I'm under the assumption that its more costly for the developer. Eh, we learn something new every day I guess.

If this where a hotel though, given the average unit height, it would be on the low side height wise but yea, for a residential, we'd think 52 floors would yield something taller.
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  #29  
Old Posted Jun 18, 2014, 5:57 PM
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I suppose that since this tower is on such a narrow lot, the high ceilings aren't necessary for light penetration.
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  #30  
Old Posted Feb 1, 2015, 12:36 AM
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Quote:
Originally Posted by Hypothalamus View Post


©EastMillinocket
This garage has been demolished. As of late this month, it is no more. Project is in preparation stage. Mid-Q2 should see some site action.
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  #31  
Old Posted Sep 9, 2015, 1:54 PM
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NEW YORK | 138 East 50th ST | 803 FT | 64 FLOORS


Imagine the excitement if JR was here.

Ah, 803 ft. A mid rise in this boom. Was starting to get worried that we would be low on our height quotas for the week.

=======================

Revealed: 138 East 50th Street, 803-Foot-Tall Midtown Condo Tower Designed By Pelli Clarke Pelli



Quote:
Back in 2014, we reported on permits for a new 52-story hotel at 138 East 50th Street, between Lexington and Third Avenues in Midtown East. YIMBY can now reveal the latest plans for the site, which have changed significantly, and the entirety of the building above the retail base will be condominiums. The project has also received a significant height boost, and is now slated to stand 64 stories and 803 feet tall, with Pelli Clarke Pelli serving as the design architect.

Last year, Extell sold the site to Cerruzzi for an undisclosed amount after picking it up for $61 million in 2012. The original applications filed with the Department of Buildings called for 764 hotel rooms spread over 220,000 square feet, as well as a 7,000 square foot retail component.

Before the 2000s supertall boom, the plans for 138 East 50th Street would’ve ranked among the tallest residential buildings in New York City. Now, the project registers well below the supertalls lining 57th Street and rising across the Far West Side, and stands roughly level with some of the area’s larger office blocks, like Citi and MetLife.

Residential towers in the 700-1,000 foot range are becoming an increasingly common sight across several neighborhoods in Manhattan, but Midtown East in particular should be prone to rapid densification once the rezoning is finalized, especially if it encourages mixed-use development.

Ceruzzi is quickly becoming a force in Manhattan’s current boom, and the firm is also behind plans for a 920-foot-tall tower at 520 Fifth Avenue (on the corner of 43rd Street), as well as 1289 Lexington Avenue, revealed by YIMBY earlier this year.

While the side-streets of Midtown East aren’t normally prone to particularly attractive designs, a building of this scope — which is kind of tall, even for Midtown standards — merits some consideration. Per the plans, the exterior of the first few floors will be wrapped in a “terra cotta screen wall with integrated louvers,” and the building’s amenities will be co-located within the base as well.

Upper floors appear significantly glassier, though a series of staggered setbacks and louvers in the facade will ensure the tower avoids anonymity. Floor heights start at 10’6″ on the lower levels before increasing to the 11-12′ range on the mid-levels, and rising further to 13’6″ on one of the penthouse floors.

While the documents do not come with a unit count, the best comparison is probably 100 East 53rd Street, which will be similarly sized both in terms of square footage and height. That building breaks down to 91 condos averaging 2,700 square feet apiece and will stand just over 700 feet to its roof, likely offering a good approximation for the breakdown 138 East 50th Street will offer — though its location three blocks south means units will probably be a bit somewhat smaller on average.

=-=======================
http://www.yimbynews.com/2015/09/rev..._News_9_9_2015)
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  #32  
Old Posted Sep 9, 2015, 2:29 PM
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A 300 foot height boost, wow! And the design looks very classy and clean, I like it. Also, the tower meets the street perfectly. Look at that entrance!
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  #33  
Old Posted Sep 9, 2015, 3:50 PM
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Looks like a pretty decent Pelli design. It certainly fits well into Midtown East.

Mods need to change building height to 803 ft.
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  #34  
Old Posted Sep 9, 2015, 6:46 PM
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That's more like it.

With pinstripes to boot.
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  #35  
Old Posted Sep 9, 2015, 7:08 PM
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That is one sexy render!
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  #36  
Old Posted Sep 9, 2015, 7:44 PM
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Not bad overall, especially the base. Let's see how it turns out!

Quote:
the exterior of the first few floors will be wrapped in a “terra cotta screen wall with integrated louvers"
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  #37  
Old Posted Sep 9, 2015, 9:06 PM
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Quote:
Originally Posted by hunser View Post
A 300 foot height boost, wow! And the design looks very classy and clean, I like it. Also, the tower meets the street perfectly. Look at that entrance!
I've noticed that every time we get some height decrease, the next couple of days give us a big ass increase with some project. Couple of developments in the past where that has happened. Its the Ying-Yang effect of NY real estate.



All we need now is a height increase for 1 Vanderbilt, and the Ying-Yang might explode.
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  #38  
Old Posted Sep 10, 2015, 1:29 AM
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Do we know which company will operate the hotel?

An older post mentioned Starwood Capital, which runs the Baccarat, the new "1" chain, etc.
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  #39  
Old Posted Sep 10, 2015, 1:35 AM
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Wonderful height for this area and a very pleasing design.
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  #40  
Old Posted Sep 10, 2015, 2:54 AM
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Once the current towers u/c finish, this would be the 33rd tallest if built assuming nothing else goes through which won't happen. Reasonable to assume that by 2025, this will probably be somewhere within the 50-55th tallest in terms of the rankings.

Currently 12 towers proposed that are taller than 803 ft.

Construction wise, 14 towers over 803 ft.
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