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https://www.nytimes.com/2018/03/02/n...e=sectionfront
With $240 Million Deal, Floodgates Open for Air Rights in Midtown East By CHARLES V. BAGLI MARCH 2, 2018 Quote:
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I would take great joy at seeing the Grand Hyatt/Commodore come down. It's hideous and ruined and would be one less building in NY with Trumps fingerprints on it.
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^Can't come down soon enough. In a rare case I hope what replaces it is big fat and squat (not too tall). Anything over 1,000' there is going to loom over the Chrysler building. Could almost say the same for the pfizer site.
Hopefully they'll also expand GCT/subway access when they do grand hyatt |
Re the above article:
Interesting to note that neither 245 nor 277 Park are in that list...but that prolly doesn't mean anything. The phrase "at least" indicates that. |
There is interest in the Hayatt site?
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Much like the Hudson Yards today, the towers around Grand Central were built above railyards. This building will be no different.
https://www.som.com/projects/union_c...n_headquarters Quote:
https://www.american-rails.com/gct.html https://www.american-rails.com/images/NYCLOWGCT.jpg 277 Park Mike Robbins Quote:
https://c2.staticflickr.com/8/7521/1...02fda384_b.jpg https://c2.staticflickr.com/8/7521/1...3604ef47_h.jpg http://www.pbs.org/wgbh/americanexpe.../grandcentral/ http://www.pbs.org/wgbh/americanexpe...al-air-rights/ Quote:
http://www.pbs.org/wgbh/americanexpe...-1200x0-70.jpg |
This city really is extraordinary. "Only in New York" is a phrase with true meaning.
https://therealdeal.com/2018/03/05/j...-ground-up-hq/ |
I hope they don't go after 277 anytime soon, somehow I think it's a lot less likely a target than 270 Park Avenue or the Pfizer HQ.
What made 270 vulnerable was the fact that one company occupied and owned the entire building- since they are its sole occupant and owner, they can make a case for replacing it. In the case of 277 across the street, that's not the case, however. It's still owned by the company that built it back in 1964, and I suspect they're proud of it, it seems to be very well maintained. It's also a building with a diverse assortment of tenants and a pretty solid occupancy rate. (It will be even better when Chase moves some of its displaced workers in). Being a fan of that building, I've done some looking around, and it looks like it's very recently had upgrades to its mechanical system, among other things. When I was in NYC, the area adjoining its main lobby looked to be going through renovations too- One of the cleaning ladies I was talking to said that the building was getting some upgrades to make that lobby area even nicer. So I think (And hope!) that 277 is planning to stick around awhile longer. I don't know as much about 245- if that one were mine, I might look at a reclad to give it a fresh new look. I was looking through its official website last night, and it's a Brookfield building. They seem to be taking pretty good care of it, and keeping it up to date, in a similar fashion to 277. However I'm not surprised to see Pfizer on the list- like 270 Park Avenue, it's owned and occupied by one company as far as I know, which makes it a target for the same reason. 425 Park Avenue had serious problems for a while before its partial takedown and rebuilding- it had an electrical fire several years ago, which it apparently never fully recovered from. I recall reading about how even years after the fire, extension cords were all over the place in some areas because the damage to the building's electrical systems was never fully repaired. That issue alone makes attracting tenants harder- they're certainly not going to want to pay as much as the management of a better kept building like 277 or 245 could ask for. |
https://nypost.com/2018/03/05/jpmorg...hq-gains-hope/
JPMorgan Chase’s tedious search for new HQ gains hope By Steve Cuozzo March 5, 2018 Quote:
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The redevelopment would be quite a spectacle, all visible from the deck at Top of the Rock...
andrew.ratner https://c1.staticflickr.com/5/4648/3...59bffbe0_k.jpg |
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It's more complicated, because as you noted, there isn't a single tenant in 245. But if 245 got replaced, a brand new, Class A building, with potentially custom built out spaces for tenants, across from GCT, the rents would be astronomical. For general reference Citadel is paying $175 /sf, and $300 /sf for the upper floors at 425 Park Ave. I think that's the nail in the coffin for 245. 277 is one of the better buildings on Park though, which surprisingly isn't saying much. I'd bet 250 and 280 Park get the wrecking ball too. |
245 is heinous. I’d like to see a 1,500’ mixed use there with a apartments at the top.
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245 is as ugly as they come, a full block building and it has an elevator shaft wall on its exterior smh.
277 Is far inferior to 270, not worth fighting over imo 299 is ugly bland and poor proportioned. The worst part is NYC has 3 of them... (See 1345 6th ave & Paramount Plaza). 237 park ave would also be good to go. It has a great atrium but its small and charmless otherwise |
I have never been inside 270 ParK Ave. But I have worked in other mid century office buildings, they can look okay from the outside but inside lots of columns making for rabbit warren effect, dirty beige look to everything and surprisingly little natural light coming through old windows. Outdoor terraces to enjoy a break or corporate gathering on a warm spring day? Only in the beautiful new building a few blocks away.
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https://nypost.com/2018/03/05/299-pa...-a-new-tenant/ Quote:
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https://www.cpexecutive.com/post/jpm...-office-tower/ by Keith Loria Mar 06, 2018 Quote:
https://media.atre.yardi.com/2/66041...jpg?preset=max |
I like to tell people that 299 Park and 1345 6th are virtual twins (Same architect, same developer), just that one is two years younger and bigger. 1345's facade has been beautifully maintained, sleek and piercing black. 299's got the same facade, but it's due for refurbishing, which is probably what they're talking about.
I also love how Paramount Plaza looks like it could kick ass and take names- black steel, glass, and badassery. 277 has some of that black glass and badass going for it too, but with a bit of elegance- the fact that its pinstripes are spaced further apart than many other buildings with pinstripe facades helps them read better from a distance, and its tall crown is nice too. I also like its "tail"- a lot of buildings of that time period (including 270) had similar tails or bustles, which I think were a relic of the building codes at the time and their setback requirements. Dare I say it 277's got a nicer tail than even 270. I've seen a number of buildings with those exposed brick or concrete elevator cores, and every time I do, I think "Somebody needs some body art!" Seriously, some of those would look really cool with murals or interesting geometric patterns applied to them. In 245's case, even a reclad would do that one a world of good- replace the brick with modern glass and terra cotta, and do something with that elevator core wall to either camouflage it or make it look cool. |
a 1200 ft tower on this stretch of Park Ave will be magnificent . . (unless its ugly) . .
but if they hadn't announced which building, that they were going to demolish for it, I'd have said, destroy any one of them, maybe even the Seagram . . but please leave 270 Park . . I am not a huge fan of 60's boxy modernism . . I loved the twins , the secretariat, UN Trump, but very few others . . most visually reek of "cheap" . . (like all the others around 270) But I love the skidmore owings & merrill tower's elegant proportion, the many vertical silver rails that richly shoot up the building's height separating glass panes . . and its high light vertical lobby . . (which used to be red when Union Carbide headquartered there) . . it's just something uplifting that you sense, when you walk by it . . there's a distinctive haute je ne sais quoi . . check out this month's "Luxe." magazine . . there's a great picture of it brand new . . cleanly towering over everything in the neighborhood . . |
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It isn't particularly small, though. It's about the same size as 270 Park (1.2 million sq. ft.) |
MARCH 6, 2018
In the Valley of Vanderbilt... http://a4.pbase.com/o10/06/102706/1/...2236_HDR01.jpg http://a4.pbase.com/o10/06/102706/1/...2300_HDR01.jpg http://a4.pbase.com/o10/06/102706/1/...2514_HDR01.jpg http://a4.pbase.com/o10/06/102706/1/...2558_HDR01.jpg http://a4.pbase.com/o10/06/102706/1/...635_HDR201.jpg http://a4.pbase.com/o10/06/102706/1/...2716_HDR01.jpg http://a4.pbase.com/o10/06/102706/1/...2719_HDR01.jpg 390 & 400 Madison http://a4.pbase.com/o10/06/102706/1/...2823_HDR01.jpg |
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