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  #21  
Old Posted Jan 28, 2011, 4:30 AM
crepey crepey is offline
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It’ll be interesting to see what of really going to come up in the place now that it has been confirmed that Durst Organization has bought this sight in New York and if I have heard and understood correctly, their buildings have really great designs!! Lets us hope it will be a structure which will stand out as the best of the three there!!angie's list
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  #22  
Old Posted Feb 9, 2011, 1:51 PM
RobertWalpole RobertWalpole is offline
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Very good news about this tower!

http://www.observer.com/2011/real-es...ramid-reality#

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Home Daily Transom Politics Tech Real Estate Media Culture Opinion Specials Durst Opens New Era with BIG Apartment Pyramid [Video]
Email Print More...By Matt Chaban
February 8, 2011 | 11:00 a.m.

BIG plans in the foreground (plus Extell's Riverside South rising behind).

Durst Fetner Residential Back when we first got a glimpse of Dutch architect Bjarke Ingel's new apartment project for Durst Fetner, it immediately became the most exciting new project in at least a generation. Though seen only in comic-book form and as a fleeting still from a flythrough video (see below), the building at 57th Street and the Hudson River became an immediate sensation.

Not only is this an entirely new building typology—a smallscale-meets-high-rise residential building the likes, and shape, of which the city has never seen—but the fact that it is being pursued after the bursting (at least temporarily) of the city's real estate bubble demonstrates that architecture is not, in fact, dead, as many had feared. Developers, at least the smart ones, realize that investing in quality repays itself. Who knows, maybe this will be the new normal, and what a place to start!

Yesterday, Durst Fetner Residential announced that it is officially moving forward with the 600-unit rental project to be designed by Ingel's eponymous group (BIG), following a profile of the architect in the latest issue of New York magazine. The project will go before the local community board Wednesday night, and Douglas Durst told The Observer in an interview that he expects the project to begin the official public review process a year from now. That means we could see construction as early as 2012.

When asked why he would dare undetake such a dynamic project in this market, cousin and co-conspirator Jody Durst reponded, "A strong back and a weak mind."

"We had nothing better to do at the time," Douglas Durst followed. Then he gave the real explanation. "Basically the answer is, we know, to get the approvals, we had to do something spectacular," the elder Durst said. So this was the will of exacting Planning Commissioner Amanda Burden? "Certainly not!" (Later in the interview, Douglas Durst would allow: "We've been told by the Planning Commission that this is really a gateway to Manhattan and it really has to be stunning.")

And stunning it is. The building is a mash-up of European and New York styles, combining a short, blocky apartments-around-a-courtyard model with a high-rise tower. The result is a sloping structure that maximizes harbor views not only for those inside the building but also the neighbors whose sightlines might also be obstructed. New York's Justin Davidson enthuses thusly:

In a gridded city, reason would seem to dictate an architecture of seamless planes and perpendicular lines, but Ingels has found a more efficient eccentricity. Balconies slash the inclined plane. The apartments slant away from the corridor like fishbones so that windows on 58th Street frame westward views. Ingels is a virtuoso of repetitive protrusions: Instead of facing the building with a slick screen of glass, he breaks it into a Cubist expanse of windowed bays

It is one of the grand victories of West Side redevelopment, from the Village to Chelsea to West Harlem, that not only new housing is being built, but it is being built inside bold architecture. In fact, this is yet another paradigm shift, as so many of those magnificent buildings, like Nouvel's 100 11th and Gehry's Beekman Tower in the Financial District are really just the same old apartment buildings sheathed in facade finery. This building is an entirely new shape, a new way of living and building. Whether we see another like it remains to be seen, but the very existance of this property, and Christian de Portzamparc's Riverside South for Extell just to the north, is a sign of a promising future.

"We see long-term value in doing a project like this," Jody Durst said. It is the same reason his firm embraced sustainable design all those years ago, with the Helena rental building across the street and the Conde Nast and Bank of America towers in midtown. It's a value proposition for one of the city's oldest and smartest real estate families. "It's the only building of its kind," Douglas Durst said.

Yet Davidson of New York suggested the Dursts had low-balled on architects in the past, saying Douglas Durst "has generally opted for experienced, deliberate firms like FXFowle and its spinoff, Cook + Fox. A revolutionary he is not." Well... "I take exception to that," the developer told The Observer. "We've been on the progressive side for a long time."

Still, the Dursts know they are doing something special on this site. After all, they told us they would be pursuing the same high-level of sustainable design at another development site Durst Fetner controls on Sixth Avenue between 30th and 31st streets. "I think it will be an environmentally responsible site with more conventional architecture," Jody Durst said. That is if the Bank of America Building can be called conventional.
With that, he acknowledged no design was yet prepared, though a firm had been selected. Which one, neither Douglas nor Jody would not say. Yet perhaps after the success of Bjarke Ingels' project becomes apparent, Durst Fetner might change its mind and consider something more ambitious once again.

mchaban [at] observer.com | @mc_nyo
     
     
  #23  
Old Posted Feb 9, 2011, 2:31 PM
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they told us they would be pursuing the same high-level of sustainable design at another development site Durst Fetner controls on Sixth Avenue between 30th and 31st streets. "I think it will be an environmentally responsible site with more conventional architecture," Jody Durst said. That is if the Bank of America Building can be called conventional.
Looking forward to it.
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  #24  
Old Posted Feb 16, 2011, 8:31 AM
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As conventional as Cook + Fox/FXFowle are, pretty much any architecture firm responsible for the overall design of a building can produce something ambitious and remarkable. There are too many talented architects in this country toiling at "experienced, deliberate" firms who would be more than eager to design a project in which they're permitted to think of issues besides simply FAR and cost. Hopefully Durst will take the initiative to make such a request of the firm they've selected.
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  #25  
Old Posted Feb 16, 2011, 11:29 AM
RobertWalpole RobertWalpole is offline
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C+F did a very nice job with BofA.
     
     
  #26  
Old Posted Jun 12, 2011, 9:24 AM
tommaso tommaso is offline
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I wonder what the new design is for 6th bet 31st and 32nd?
     
     
  #27  
Old Posted Jul 21, 2011, 8:19 PM
RobertWalpole RobertWalpole is offline
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A 500,000 sf residential could be 850 feet tall.

http://therealdeal.com/newyork/artic...-collaborative

Durst Fetner clears hurdle at 500K sf Herald Square site
July 21, 2011 04:00PM

By Adam Pincus
A state court judge handed a victory to Durst Fetner Residential this week, removing a nagging legal speed bump the developer was facing at its large Herald Square site.

The legal cloud has hovered over the property at 855 Sixth Avenue since 2006, when two real estate investors sued a group of developers led by Baruch Singer over a failed partnership bid to acquire a portion of the site.

Durst Fetner became involved in the dispute after it bought the defaulted note for about $104 million from iStar Financial and took title in December 2010 from owners Tessler Developments and the Chetrit Group. It plans to construct a 500,000-square-foot mixed-use tower on the site, between 30th and 31st streets.

The potential amount of the claim was in dispute but a source close to plaintiffs Gary Don, Lawrence Gerstein and their company New York Developers Collaborative, said it could have amounted to as much as an 18 percent ownership stake.

In addition, insiders said such a pending legal action would make it more difficult to get financing for the project.

State Supreme Court Justice Joan Madden's ruling, issued Monday, dismissed the claim affecting Durst Fetner that sought to place a so-called "constructive trust" on the property, which would have allowed the plaintiffs to gain an equity interest in the site.

The judge allowed the other 10 claims of the suit for monetary awards to go forward against Singer and fellow investors Mark Junger, Moses Rosner as well as three related development companies. Insiders noted the plaintiffs could appeal the decision. The next court date is July 28.

Harold Fetner, president and CEO of Durst Fetner Residential, said he was pleased with the decision. He paraphrased the ruling, saying, "[The plaintiffs] had an agreement with Baruch Singer, but there was never any contract with the fee [title], therefore [their] claim can't run with the land."

In addition, he said he believed the value of the plaintiffs' claims were overblown, with Don and Gerstein only entitled to little more than $1 million dollars at most.

Fetner added that if Don and Gerstein do file an appeal, he may ask the judge to require them to post a $100 million bond because they would be impacting the value of his development site.

Attorneys representing the plaintiffs and defendants either declined to comment or were not available for comment.

Don and Gerstein sued in April 2006, seeking either more than $20 million or an ownership interest. They claimed Singer, Junger and Rosner cut them out of the deal to buy and develop the site.

Singer's group ultimately bought the site in Feb. 2006 for $117.5 million and then sold it in March 2007 for $140 million to a partnership between the Chetrit Group and Tessler Developments. They added another piece to the assemblage for $12.3 million in January 2008.

As part of their legal effort, Don and Gerstein filed a notice of pendency, or lis pendens, in April 2006, based on the request for a constructive trust. That claim was reaffirmed three years later in 2009, court records show.

Durst Fetner bought the note last summer for approximately $104 million from iStar Financial and closed on the purchase of the site located along Sixth Avenue from Tessler Developments and the Chetrit Group in December 2010.
     
     
  #28  
Old Posted Jul 21, 2011, 8:29 PM
yankeesfan1000 yankeesfan1000 is offline
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How worried should we be about this though: "In addition, insiders said such a pending legal action would make it more difficult to get financing for the project,"?

This is a real prime spot, 30th and 6th is right smack in the middle of Manhattan. Honestly surprised it's taken this site so long to come to life. But hey, I'd wait another year or two for an 850 footer here. Thanks RW, NY is on a roll, it's honestly an embarrassment of riches.
     
     
  #29  
Old Posted Jul 21, 2011, 8:53 PM
Loqy Lion Loqy Lion is offline
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Originally Posted by yankeesfan1000 View Post
Thanks RW, NY is on a roll, it's honestly an embarrassment of riches.
It's the world's capital, and the 50s-90s stigma of crime/dirty/etc. has faded. We could see 10+ 1,000 footers rise in the next decade. A slew of 800 and 900 footers, too.
     
     
  #30  
Old Posted Jul 25, 2011, 8:44 PM
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  #31  
Old Posted Jul 26, 2011, 1:38 PM
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  #32  
Old Posted Jul 26, 2011, 5:00 PM
antinimby antinimby is offline
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They said it's supposed to be 40 stories. Never mind 850 feet, it'll be lucky if it breaks 500 feet.

It might be nice looking though. Hal even said so and Durst does a good job when it comes to the designs of their projects.

We really need something creative and beautiful in this area as most of the new buildings are real dogs.
     
     
  #33  
Old Posted Jul 26, 2011, 5:26 PM
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Originally Posted by antinimby View Post
They said it's supposed to be 40 stories. Never mind 850 feet, it'll be lucky if it breaks 500 feet.
That flour count reflects an old assumption of 300,000 sf, the new plan is to have 500,000 sf. Retail, a hotel, and then 300,000 sf of residential on top of that. Read post 27.

In one of the articles it was noted the developer expects to break ground by April next year, an said more info will be made public in October. Hopefully that's when we get a render.
     
     
  #34  
Old Posted Jul 26, 2011, 7:45 PM
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I assume it will be much taller than the original proposal, because it's now a hotel-rental combo, instead of the original retail base-rental combo.

In the first proposal, there was a huge retail base, and a squat rental tower. In the new proposal, it's a narrower hotel-rental combo.

So it will probably look something like the newish 650 ft. hotel-residential tower just to the north.

They also bought additional air rights from the buildings just to the west, so they have considerably more square feet to work with than the previous development team.
     
     
  #35  
Old Posted Nov 14, 2011, 12:14 PM
RobertWalpole RobertWalpole is offline
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Given Durst's interest in great style (e.g., the BIG pyramid and BofA), this should be a very nice tower.

http://online.wsj.com/article/SB1000...KEYWORDS=durst
     
     
  #36  
Old Posted Nov 14, 2011, 12:59 PM
yankeesfan1000 yankeesfan1000 is offline
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Good catch RW, 56 stories sounds good to me!
     
     
  #37  
Old Posted Nov 14, 2011, 1:17 PM
RobertWalpole RobertWalpole is offline
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Good catch RW, 56 stories sounds good to me!
Thanks, amigo. We need to change the title. I wonder if Durst bought more air rights.
     
     
  #38  
Old Posted Nov 14, 2011, 5:59 PM
antinimby antinimby is offline
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Either that or they finagle with the shape, e.g. make it thinner.
     
     
  #39  
Old Posted Nov 14, 2011, 11:31 PM
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I think the site will yield a 600+ foot tower with an intriguing design.
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  #40  
Old Posted Nov 14, 2011, 11:59 PM
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I'm very glad the design's going to change.
     
     
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