NEW YORK | 245 Park Avenue | Renovation
Here’s hoping we at least get a new facade on this eyesore…
https://nypost.com/2022/09/11/sl-gre...hina-firm/amp/ SL Green takes control of Park Ave. office tower from bankrupt China firm By Steve Cuozzo September 11, 2022 Quote:
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Yeah this could look a hell of a lot better with a 666 Fifth exterior updating.
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Short of a complete rebuild, it’s the best we could hope for.
https://nypost.com/wp-content/upload...rip=all&w=1023 https://images1.loopnet.com/i2/_57Ze.../112/image.jpg https://www.loopnet.com/listingnotfound/25864498/ |
Maybe the structure could handle some additional floors? Surely they will.have engineers at least explore that possibility.
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Unfortunately, there's no mention of a new facade. This is one of the worst towers on Park and desperately needs a new facade.
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Well, SL Green has a pretty good idea of what ut needs to succeed there. If that facade is the best they can do, then maybe there are other long term plans for it. Meanwhile, it sounds like plans are just beginning.
https://commercialobserver.com/2022/...5-park-avenue/ Quote:
And also, from the Post article… Quote:
And just how are we getting to this park in the sky? Details! |
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Sl Green should tear this tower down and build another 1,400-1,500 FT or higher tower here.. it would be awesome! EAST SIDE... STRONG SIDE! |
A little discussion on the SL Green plans...
https://seekingalpha.com/article/454...all-transcript SL Green Realty Corp. (SLG) Q3 2022 Earnings Call Transcript Oct. 20, 2022 Quote:
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So one of the selling points is that it’s close to the JP Morgan tower? I guess so tenants can look at it from across the street and see what they are missing out on?
This should be a tear down, it’s ugly and dumpy. |
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Lol. It’s like, “you may not be working in that shiny new tower across the street, but we can give you a damn sweet view of it.” |
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https://www.zonebourse.com/amp/cours...Call-42481379/
Transcript : SL Green Realty Corp. - Special Call Presenter Speech Harrison Sitomer Quote:
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Right there with you... that would look incredible.
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I don't think that they're adding a new facade. SLG never said that they are, and those renderings don't look like they are. They appear to be doing something only to the base on the Park Ave side and to the very top floors. That's better than nothing, and the base looks nice at least. The landscaping is really nice.
I suspect that they don't want to put too much money into this because perhaps they plan to raze the tower in twenty years. |
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They stated above exactly what they’re doing, which fits the renderings. It would be nicer if they did the entire building. Quote:
The rooftop space, as they mentioned earlier, could be opened to the public. They want to use it as an additional source of income. It would be nice if it is, you can never have too many views of this iconic skyline. |
This is lame, but it’s better than nothing.
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Even if they redid the whole podium in this way, that would be a win.
As ugly as this building is, the side core is a feature now and ahead of its time. Many of the class A buildings now are starting to be developed this way. (See Penn 15 & 270 Park) And this building is big, its not going away anytime soon. |
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