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  #61  
Old Posted Nov 13, 2015, 12:01 AM
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Originally Posted by sparkling View Post
Extell plans 18-story Midtown resi building
New 41-unit structure would replace one with 122 units

November 12, 2015 02:00PM
Ariel Stulberg
Damn shame...that whole assemblage should be redeveloped.
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  #62  
Old Posted Nov 13, 2015, 12:23 AM
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Originally Posted by Submariner View Post
Damn shame...that whole assemblage should be redeveloped.
Personally I wasn't expecting anything as huge as One57 or Nordstrom but I was under the impression this would be somewhere in the neighborhood of 700-800ft which would probably work much better and not try to steal the spotlight from Steinway (which would be on the same block). Either way this development will be a bit of a comedown for Gary Barnett and Extell but hopefully we'll soon see what he has planned near Times Square.
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  #63  
Old Posted Nov 13, 2015, 12:25 AM
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an 18 story tower will be hard pressed to be a worthy replacement for the old church building, imo.
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  #64  
Old Posted Nov 13, 2015, 12:50 AM
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When it comes to initial filings for buildings that require air rights transfers, don't expect that what you see is what you will get. All filings are amended as the project progresses. Just look at the filings for towers such as 3 or 30 Hudson. If those air rights are available, and Extell can purchase them, you will see that reflected in future filings.

I don't think anything here needs to be as tall as One57, though Barnett could disagree.
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  #65  
Old Posted Nov 13, 2015, 2:10 PM
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Maybe Barnett, Extell, sees a shift in the market.. Saturation coming to Billionaires Row. How many Supertalls or near supertalls commanding megabucks can the area actually build and sell. Six already built or going up with 432 Park, 520 Park, 220CPS, 157w57, Steinway, Norstrom, and possibly a 7th with the Park Lane hotel.

There has got to be a point where it just doesn't add up.
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  #66  
Old Posted Nov 13, 2015, 3:38 PM
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Originally Posted by TonyNYC View Post
Maybe Barnett, Extell, sees a shift in the market.. Saturation coming to Billionaires Row. How many Supertalls or near supertalls commanding megabucks can the area actually build and sell. Six already built or going up with 432 Park, 520 Park, 220CPS, 157w57, Steinway, Norstrom, and possibly a 7th with the Park Lane hotel.

There has got to be a point where it just doesn't add up.
If there's a shift in the market, then Barnett would hold on to this this site and wait it out. The site is too valuable to just put up anything.
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  #67  
Old Posted Jul 21, 2016, 1:40 AM
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http://jewishvoiceny.com/index.php?o...ork&Itemid=295

What is Gary Barnett Doing on West 57th Street?


20 JULY 2016
ANAT GHELBER


Quote:
.....Mr. Barnett and Extell Development Company are gaining attention for a more modest building on West 58th Street. More specifically, his unknown intentions for the building are causing many to scratch their heads, considering the lengths he went to garner land and air rights for it. Mr. Barnett is already known for building what promises to be the one of the tallest residential buildings on record in all of the United States at 217 West 57th Street.

It is expected to be 1,550 feet of condos that will see completion in 2019. It’s expected to even rival One57 in height. Financing for such an ambitious project is coming from Nordstrom Department Stores. Several spaces in the building were sold to firms controlled by Nordstrom even before construction began and a seven story 175,000 foot Nordstrom department store will be at the base of what is expected to be eventually named Central Park Tower. This store will open in 2018.

At 134 West 58th Street, Mr. Barnett has purchased an apartment building, with 17-stories, located between Sixth and Seventh avenues. This building is located on the same block as One57 as well as a building, which measures even taller, at 111 West 57th Street, being developed by JDS Development. This move is seen by many as an attempt by Mr. Barnett to further develop properties he already has in the area.

Gary Barnett has apparently spent almost 10 years gathering the land and air rights to develop what was expected to be another enormous tower, similar to One 57. It has come instead as a surprise to many that he has moved forward with plans to only construct a building with 41 condo units measuring a mere 200 feet. This may be due to difficulties that Extell Development has had in securing a sanctuary property belonging to Cavalry Baptist Church, contained within the Hotel Salisbury. This property is apparently worth $100 million.

As it happens, they are exactly back to back with the apartment building Mr. Barnett purchased on West 58th Street. Should Extell secure rights to this property, along with rights to develop that have already been bought by Cavalry Church…they would find themselves able to build a tower measuring 700 feet in total. Negotiations have been going on since 2014. Richard Miller is an attorney and occupant of an apartment which is rent-controlled at 134 West 58th Street. He says, “Are they filing these plans for just this one building, or is this a plot to push negotiations with the church? People keep saying that the high-end real estate market has tanked, so maybe they are going to wait—it’s hard to know.”

It has been noted that Extell Development Company has been attempting to end the leases of residents inside the apartment building in question.
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  #68  
Old Posted Jul 22, 2016, 3:33 AM
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Quote:
Originally Posted by Hudson11 View Post
an 18 story tower will be hard pressed to be a worthy replacement for the old church building, imo.
totally agree!!!
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  #69  
Old Posted Jul 22, 2016, 3:42 AM
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totally agree!!!
There is no 18 floor tower, and it isn't even filed for the church site.

It's for an adjacent site, and is a typical filing process in making a larger assemblage. Barnett is obviously assembling multiple sites for some undetermined, probably super skinny residential tower.
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  #70  
Old Posted Oct 7, 2019, 2:15 PM
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Developer behind Woolworth conversion planning Billionaires’ Row office tower
Alchemy-ABR Investment Partners is buying the Calvary Baptist Church’s 57th street building
TRD New York /
October 07, 2019 08:30 AM
By Rich Bockmann

https://therealdeal.com/2019/10/07/d...-office-tower/
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  #71  
Old Posted Oct 7, 2019, 2:24 PM
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^^^^

Excellent. Good thing they are looking to build a top of the church. Any sort of demo on that structure would be a big loss.

Its a large footprint, but I wonder if it will be narrow in its dimensions. If so, might have the potential to be quite noticeable in the skyline.
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  #72  
Old Posted Oct 7, 2019, 2:25 PM
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Nice to see. That building is a dump.
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  #73  
Old Posted Oct 7, 2019, 2:29 PM
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Originally Posted by chris08876 View Post
^^^^

Excellent. Good thing they are looking to build a top of the church. Any sort of demo on that structure would be a big loss.

Its a large footprint, but I wonder if it will be narrow in its dimensions. If so, might have the potential to be quite noticeable in the skyline.
The Church will be demolished. It seems that they'll build a new Church. I agree with you that it's a loss, especially with all of the empty lots and crap on 57th.
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  #74  
Old Posted Oct 7, 2019, 2:33 PM
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I hate this building, and glad to see this dreary dump will be demolished.

But I would prefer a residential supertall, like Barnett had planned. An office building will have no skyline presence whatsover. Still good news overall, though.
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  #75  
Old Posted Oct 7, 2019, 4:20 PM
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Well, at least people won't be complaining about more "billionaire"s on this site...


https://therealdeal.com/2019/10/07/d...-office-tower/

Quote:
The developers are planning to build a 230,000-square-foot building on the site at 123-141 West 57th Street, which sits right next door to Extell Development’s One57, with space for retail, office and a commercial condo for the church.
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  #76  
Old Posted Oct 7, 2019, 4:30 PM
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It will just be hundred-millionaires in their swanky hedge fund offices. Oh, the humanity!

There are some dumpy buildings between this site and Steinway, including one building that's obviously vacant. I wonder if that's the next tower assemblage?
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  #77  
Old Posted Oct 7, 2019, 4:44 PM
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How tall could this be?
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  #78  
Old Posted Oct 8, 2019, 1:22 PM
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Given the site location, I don't think it will be significant relative to its proxies. Boutique in nature, might cater to a small group of tenants, and be somewhat under the radar.
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  #79  
Old Posted Oct 8, 2019, 2:01 PM
JMKeynes JMKeynes is offline
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It wont be tall at all.
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  #80  
Old Posted Oct 10, 2019, 4:12 AM
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Could be nice, with the right architect. It's small, but still larger than the new Rolex headquarters.

A little more from that article...


https://therealdeal.com/2019/10/07/d...-office-tower/

Quote:
Eric Poretsky, Cain’s managing principal, said he has known Alchemy Partners’ Ken Horn for some years, and started looking at the 57th Street deal back in 2017.

“Something like this is really difficult to create in Midtown,” he said, explaining that the majority of the office floors will have “unique views of Central Park.”

The 26-story building will include about 180,000 square feet of office space spread across boutique floors measuring about 10,000 square feet. The developers said they’ll be targeting tenants such as family offices, private equity companies and boutique law firms.

JLL will handle leasing for the project, which is set to break ground by early 2021.


OCTOBER 8, 2019











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Last edited by NYguy; Oct 10, 2019 at 4:30 AM.
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