NEW YORK | 111 Murray Street | 792 FT | 58 FLOORS

[Zapatan]

Originally Posted by JR Ewing

I'm Sure that this is just a concept

I hope so for the sake of not having that ridiculous spire but hope they keep the design of the main buildings part.

[NYguy]

http://www.downtownexpress.com/2015/...-april-9-2015/

April 9, 2015

Tall Tales?


In February, developer of the proposed tower at 111 Murray St. in Tribeca said it was 740 feet. In March, it quickly grew over a hundred feet to 857, according to zoning diagrams filed with the city Dept. of Buildings.

What gives, we wondered, and spent a few weeks getting no answers from the P.R. team.

At Community Board 1’s Tribeca Committee meeting on Feb. 11, the project executive for the developer, Fisher Brothers, Alex Adams, said the plan was to build 740 feet despite reports to the contrary from the real estate blogosphere.

Renderings are still not available for the as-of-right building, although there are some drawings floating around the web. At least it is not the rendering that terrified people with its multi-shaped top that looked like a platform for the aliens, for when they finally decide to invade.

Michael Levine, zoning guru, C.B. 1 consulting planner and former City Planning Dept. vet, cautioned against making too much of the height discrepancy, saying it was standard practice for developers to file for structures larger than they may end up building.

[Zapatan]

So it'll probably end up back at 740?

There are already too many buildings of that height in the area, plateaus don't look good.

[Ploppalopp]

^I disagree with the statement that the taller version should be shortened to avoid a plateau. They will just make fillers for the taller generation of towers to come in the next decade or so.

[chris08876]

A plateau will happen regardless. Those surrounding structures will eventually be bought out and something tall will go in their spot. I wouldn't worry though as it will balance over time. Plus with the existing structures being much taller, it won't really be as dramatic as the Midtown plateau. But even with Midtown, the general height is changing. Use to be 600-700 feet on average, and what we are seeing are designs that are going beyond the usual 200m line.

[ILNY]

[Lecom]

A somewhat dated, but quite extensive, coverage of demolition in full swing from some time ago

• Video Link

An extended version with greater detail

• Video Link

[chris08876]

[wilfredo267]

http://therealdeal.com/blog/2015/05/...fs-111-murray/

UPDATED, 5:23 p.m., May 22: Witkoff, Fisher Brothers and Howard Lorber have wooed a Chinese insurance company to fund their Tribeca condominium project at 111 Murray Street, The Real Deal has learned. The insurer is making an equity investment in the “high nine digits,” according to sources familiar with the deal, which has yet to close. In 2013, the developers paid $200 million for the site, which used to be a satellite campus of St. John’s University. The upcoming Kohn Pedersen Fox-designed tower, formerly known as both 101 Murray Street and 101 Tribeca, will rise 857 feet tall and have 139 apartments, ranging from studios to five-bedroom pads and penthouses. Douglas Elliman Development Marketing is handling sales. Eastdil Secured and Howard Michaels’ Carlton Group both advised Witkoff on the equity investment deal, according to sources. Neither could be reached for comment. Chinese insurers have been active investors in New York real estate over the past year. In early February, the insurer Anbang Group closed on the $1.95 billion purchase of the Waldorf Astoria hotel. On Thursday, the firm closed on the office portion of 717 Fifth Avenue for $415 million. Anbang is not the investor in 111 Murray Street, according to sources. At earlier this month, Xinyuan Development’s CEO John Liang argued insurers are part of a third wave of Chinese investors, after apartment buyers and developers. “The third wave, which is just starting, they’re institutional investors,” he said. “They’re more interested in commercial real estate: long-term, income generating and it can be leveraged by cash flow. This type of money right now is looking for opportunities here in the U.S.” - See more at: http://therealdeal.com/blog/2015/05/....6UXWBr1b.dpuf

[yankeesfan1000]

On the back of Witkoff getting financing, demo is almost complete, have a about a floor left.

[Crawford]

This property, given the location, should have been a supertall.

Anyways, happy to see it progress, and as long as the design is good then it will be a solid addition. The renderings do look promising.

[sparkling]

111 Murray getting more apartments, less space
New plans call for four fewer stories, 18 more units


Renderings of 111 Murray Street in Tribeca (credit: KPF) (inset: Winston Fisher, left, Howard Lorber, right)

Tess Hofmann
June 02, 2015

Plans for Witkoff, Fisher Brothers and Howard Lorber’s Tribeca condo tower at 111 Murray Street have shifted slightly, calling for a building that is four stories shorter, with 18 more units.

The new plans bump the unit count up to 157 from 139, according to BuzzBuzz Home. They also indicate a 62-story building, down from 66 stories. The apartments will range from studios to five-bedrooms. In May, a Chinese insurer made an investment in the project in the “high nine digits.”

The Kohn Pedersen Fox-designed tower is expected to be completed next year. Sales have not yet launched, though in February it was reported that they would begin soon -

See more at: http://therealdeal.com/blog/2015/06/....4HpCMqBg.dpuf

[photoLith]

Good to see that terd of a 70's building being replaced.

[Zapatan]

This is old news I think. Hopefully it's still 800+ feet.

[sparkling]

Originally Posted by Zapatan

This is old news I think. Hopefully it's still 800+ feet.

62-Story, 157-Unit Luxury Tower To Stand 822 Feet Tall At 111 Murray Street

REID WILSON
JUNE 3, 2015

Witkoff Group’s and Fisher Brothers’ Kohn Pedersen Fox-designed luxury tower, planned for Tribeca at 101-111 Murray Street, has been amended to have 157 residential units, up from 139 stated in the original application. Despite an erroneous report, YIMBY has news that the 62-story tower will actually stand 822 feet above the street, merely 35 feet below the outdated 857-foot proposal. The 372,000 square-foot building will include a nearly 2,100 square-foot retail portion on the ground floor, and completion is expected in 2017.

[hunser]

So 111 Murray is now 822' and 56 Leonard is 821'. Those two will make a nice pair on the skyline. Only a 10 min walk between them ...

[Zapatan]

So it's still likely an 800 footer, good

[ILNY]

Demo almost complete.

[Vertical_Gotham]

Wow!! The sucker is gone!! Cheers ILNY!!

[JR Ewing]