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  #41  
Old Posted Mar 16, 2017, 5:01 PM
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Lots of potential here.
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  #42  
Old Posted Mar 16, 2017, 11:20 PM
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I've been wondering what all that demo was for … forgot about this proposal. There are a couple other demos occurring on nearby cross-streets (heading towards Madison near Tower 49).
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  #43  
Old Posted May 15, 2017, 4:06 AM
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  #44  
Old Posted Jan 29, 2018, 6:26 PM
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https://therealdeal.com/2018/01/29/e...re-mysterious/

Extell’s Diamond District plans just got even more mysterious
Developer has filed paperwork to demolish 12 buildings


January 29, 2018

Quote:
Extell Development has filed plans to demolish two more buildings on 47th and 48th Streets, further fueling speculation about the company’s mysterious Diamond District development.

Last week the developer filed demolition plans for 25 West 47th Street and 30 West 48th Street — a two-story building and four-story building, respectively, Curbed reported. The two buildings are next to 10 buildings that Extell sought to demolish in 2016. The city greenlit plans to demolish several buildings on West 46th Street, along with 2 West 47th and 3-13 West 46th Street, and 562 and 564 Fifth Avenue.

Extell’s plans for the assemblage, which Gary Barnett has spent several years accumulating, are unclear. Some have speculated that the developer plans to build a massive hotel or mall.

Barnett took over the ground leases at 562 and 564 Fifth Avenue in 2015 from Joseph Sitt’s Thor Equities and SL Green Realty. Extell shelled out another $11.7 million for air rights above 562 Fifth Avenue.
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  #45  
Old Posted Jan 29, 2018, 7:08 PM
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This appears to be a different site than the Fifth Ave site.
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  #46  
Old Posted Jan 29, 2018, 7:48 PM
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^ Yea, those lots are around the corner. Checked the DOB website, and those are indeed the correct addresses so these demo permits pertain to a completely different project.

Side note, this lot has about 600k worth of air rights iirc. Even with a huge retail component, this should be very tall.
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  #47  
Old Posted Jan 29, 2018, 8:33 PM
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It's all part of his Diamond District development, whatever that is, and won't be a single tower development.
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  #48  
Old Posted Jan 29, 2018, 9:33 PM
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Quote:
Originally Posted by yankeesfan1000 View Post
^ Yea, those lots are around the corner. Checked the DOB website, and those are indeed the correct addresses so these demo permits pertain to a completely different project.

Side note, this lot has about 600k worth of air rights iirc. Even with a huge retail component, this should be very tall.
When you state that it has 600k SF, I assume that you mean the Fifth Ave assemblage since the two buildings referred to in this article are tiny.
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  #49  
Old Posted Jan 29, 2018, 9:37 PM
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It isn't even on the same block. The Curbed article references a mid-block assemblage one block north, facing Rockefeller Center.

So Extell has two major assemblages going in this stretch of Midtown.
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  #50  
Old Posted Jan 30, 2018, 1:00 AM
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Originally Posted by Crawford View Post
It isn't even on the same block.

Not sure what you're talking about, but we're talking about 47th Street, both sides, obviously more than one tower.
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  #51  
Old Posted Jan 30, 2018, 3:52 AM
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Originally Posted by NYguy View Post
Not sure what you're talking about, but we're talking about 47th Street, both sides, obviously more than one tower.
Crawford is right, its a different site. None of the buildings from the new site has been demolished yet.

From Curbed:
Quote:
The demolition plans, which covered 10 different buildings, were approved in the summer of 2016, but Extell never officially commented on the development, and all the buildings are still in place.
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  #52  
Old Posted Jan 30, 2018, 1:10 PM
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Originally Posted by JMKeynes View Post
When you state that it has 600k SF, I assume that you mean the Fifth Ave assemblage since the two buildings referred to in this article are tiny.
Yea, the assemblage that the photos are of in this thread. The demo permits referenced above seem to be a different project.
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  #53  
Old Posted Jan 30, 2018, 1:38 PM
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Quote:
Originally Posted by yankeesfan1000 View Post
Yea, the assemblage that the photos are of in this thread. The demo permits referenced above seem to be a different project.
Thanks.

I looked at ACRIS, and it appears that Extell doesn't own the properties on either side of the tiny buildings on 47th and 48th that it will raze.
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  #54  
Old Posted Jan 30, 2018, 1:41 PM
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Quote:
Originally Posted by NYguy View Post
Not sure what you're talking about, but we're talking about 47th Street, both sides, obviously more than one tower.
The Curbed site is between 47th and 48th, and midblock.

The other Extell site fronts 5th Ave., between 46th and 47th.
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  #55  
Old Posted Jan 31, 2018, 4:55 AM
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Quote:
Originally Posted by Crawford View Post
The Curbed site is between 47th and 48th, and midblock.

The other Extell site fronts 5th Ave., between 46th and 47th.
We know that's midblock. Only a portion of this site fronts Fifth. Look at the entire site. Both sites are on 47th, the heart of that district.


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  #56  
Old Posted Jan 31, 2018, 12:44 PM
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Quote:
Originally Posted by NYguy View Post
We know that's midblock. Only a portion of this site fronts Fifth. Look at the entire site. Both sites are on 47th, the heart of that district.
Right, but across the street. They're separate development sites, in part because they aren't even on the same block.
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  #57  
Old Posted Jan 31, 2018, 2:31 PM
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It would be so very nice if Mr. Barnett scooped up the rest of that 5th avenue frontage...
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  #58  
Old Posted Sep 8, 2018, 4:18 PM
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Could this Cantilevering Tower Be Coming to the Diamond District?





Quote:
Two years ago, Gary Barnett's Extell Development moved to demolish ten buildings centered around the northwest corner of Fifth Avenue and 47th Street in the Diamond District. While much of the development site has been cleared, Extell's plans remain unknown.

Recently, the visual gurus at BYENCORE posted a rendering showing a glass-clad tower rising from Extell's assemblage. The image shows the 11-floor corner office building at 576 Fifth Avenue in the foreground and the Extell-developed International Gem Tower in the background. The shown tower would have large floor plates ideal for offices, a sizeable cantilever, and projecting fins giving the facade a crystalline appearance. The architect and specific details of the design are unknown.

It is estimated that zoning allows for a tower north of 300,000 square feet. In 2016, the New York Post reported that Extell may be considering an "internal" shopping mall within the project's podium and an apartment tower or hotel rising above. With 2018's crowded and lackluster residential market, it wouldn't be farfetched to assume offices could be in play — the site is the center of Midtown after all and a stone's throw from Rockefeller Center.
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  #59  
Old Posted Sep 8, 2018, 6:09 PM
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The base looks really cool. I hope the rest of the tower is as well.
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  #60  
Old Posted Sep 28, 2018, 1:49 AM
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