NEW YORK | 125 West 57th Street | 440 FT | 26 FLOORS
https://nypost.com/wp-content/upload...y=75&strip=all
*************************************************************************************************** http://online.wsj.com/articles/extel...rty-1413216005 Extell in Talks to Buy Midtown Church Property Site Is Short Walk from Development Firm’s One57 Tower http://si.wsj.net/public/resources/i...1013132651.jpg By LAURA KUSISTO CONNECT Oct. 13, 2014 Quote:
Hopefully, it will be something along the lines of 111 W. 57th (another neighbor), where the new construction is an extension rather than a replacement. |
Here we go again. Another Extell tower for 57th Street.
Yet another supertall in the cards? What kind of development rights do we have here? I get that the current structure is around 200,000 square feet, but I wonder about the potential development rights and if Extell has additional air rights assembled. |
Quote:
Quote:
It will be interesting to see, because the site is sandwiched between One57 and the Steinway Building (111 W. 57th). There is room for a tall tower to rise. Maybe he will build a tall tower on the hotel portion of the site. Old photo... Jim Lambert https://farm1.staticflickr.com/35/65...7608d8be_o.jpg |
Those air conditioning units are a sin. Hopefully any redevelopment at least involves replacing them w/central air.
|
Thats what I'm wondering too Crawford, the development potential. I wonder what the air rights are from this particular spot?
|
Quote:
Pretty much all of gorgeous buildings on CPW have them. |
I don't think Extell is planning "replacing air conditioning units" or "gut renovating" here. This will almost certainly be a new construction luxury tower.
It's pretty obvious they're been assembling a major development site here, with the adjacent residential building on 58th already under Extell's ownership. |
Please don't tell me we're losing this building as well...:uhh:
Old New York is being torn down right before our eyes... |
Quote:
Luckily, NYC has like 15-20x as many prewars as modern towers, so there would have to be many hundreds of such buildings demolished to really have an impact. |
Quote:
|
What in the actual fuck? That building gorgeous. I cant believe the landmarks commission is letting this go. I dont care if its a supertall, build it on some shitty 50s mid rise, not an incredibly unique neo gothic gym. There arent any other buildings in any other city like that, that I am aware of. Fucking shame.
|
Yea I was actually kinda surprised on what they intent to replace. If anything, maybe building on top of the current structure or some sort of modernization of it would be appropriate. But I think its to early to really point fingers at a bad site location. Lets see what happens when the design is revealed. For all we know, it could be a stunner. There are a couple of supertalls in the pipeline that have not yet been revealed or heard of. This is probably one of them. Extell has some in the works right now. With the potential for a supertall, this could be very tall given the influx of taller developments within its proximity. Especially if it wants to make a dent in the market for attention.
|
I cant really see them building a supertall next to a supertall though.
|
Remember its all about capital/money with these investments. City aesthetics with respect to the skyline go out the window when potentially 100's of millions are involved. Plus, this is NYC. Supertalls are the name of the game. :)
|
Quote:
Quote:
There are many, many older, quality buildings in Manhattan, many better than this one. They're all over, but people don't pay much attention to them because they're just old buildings. I like this one in particular, not just because of the design (mainly the tower), but I like the mix of the old with the new on the street. SHoP will do an excellent job with Steinway Hall, there is the potential for something similar here. Quote:
Often, when these types of developments come up, people blame the developers. But no one is forcing these people to sell property or air rights. The church will do what's in it's best interest, and unfortunately (or not), the best interest is not to sit in an old property just for the sake of it. It will probably be some time before anything will happen there anyway, Barnett has his hands full with the Nordstrom and others, and the current crop of towers need to make their way along. With towers like One57 and 111 W. 57th practically as neighbors, it's inevitable that value speaks louder than any sentiment. http://cbcnyc.org/images/r/dsc_0123/...-376/thumb.jpg http://www.cbcnyc.org/ Quote:
Looks like any redevelopment will involve the church remaining on site. That's a good deal, and they're sitting on a gold mine, why not take advantage. http://www.pbase.com/nyguy/image/157823166/original.jpg |
Quote:
|
Has nobody noticed this is serperated from One 57 by two ravr thin buildings...?There no more then 100 feet apart.
|
Yeah, between this one and Nordstrom Tower to the west, they're getting sandwiched and are about to lose their views on both sides. Poor residents.
...I mean, rich residents. There's no way I'd call anyone with a $90m condo poor, even rhetorically. Besides, One57 blocked plenty of views for the Cityspire cluster tower, so of all people, they should understand how easy it is to lose views in New York. Lastly, even with taller tlwers rising all around, they still have the most straight-on, centered view of Central Park, and that's the one view that's very unlikely to be blocked in the near future. |
I suppose if we're lucky, the only thing getting demo'd is the eastern wing of the building, where the storefront for the Salisbury Hotel and the Stacks Coin Shop is. The facade is of a noticeably lower quality, and won't be missed nearly as much as the main facade. Dump the air rights onto that portion of the parcel, and instant skinny supertall, which also blocks less views of Extells One57.
|
This property would give Extell a footprint comparable to One57. The amount of air rights involved, unknown at this point because Barnett always seems to find more. It doesn't take a lot though. SHoP's addition to the Steinway Building isn't really that much.
http://www.businessweek.com/news/201...or-condo-sites NYC Developer Embraces Religion in Search for Condo Sites By Oshrat Carmiel October 14, 2014 Quote:
|
All times are GMT. The time now is 7:01 PM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.