NEW YORK | 45 East 45th St (Roosevelt Hotel) | FT | FLOORS

[NYguy]

Originally Posted by MAC123

Ok, again, people are talking about what could possibly rise at this location in NYC.

And once more, you can do it without talking about other places. If that’s too hard to figure out, then just don’t post.

Originally Posted by Zapatan

Does this count mechanical etc.?

No, mechanical space isn’t accounted for in zoned footage. That’s why buildings are always larger when you take into account total floor space. 270 Park is somewhere around 1.9 msf, but closer to 2.5 msf when you account for everything.

[NYguy]

Originally Posted by TKD

Nope, FAR and zoning calculations do not factor in mechanical floor area and anything that would be apart of the core. But even afterward the GSF would be about 1.6/1.7 million, similar to One Vanderbilt considering (as NYguy has mentioned) the lot is the same size and the same FAR if it uses 30.

Yeah, that’s correct. And the city benefits all around. They could have just raised the FAR outright, but to get to 30 from 15, developers have to pay a BIG price. That money goes into anything from transit and sidewalk improvements to landmarks funding and restoration. And then there are the public space requirements. In 1 Vanderbilt’s case, a portion of Vanderbilt Avenue was closed off. I’m not sure how it would work here. The original plan was to extend it further, but that didn’t go over well.

[NYguy]

Its fun to speculate on development, until we have a proposal. But here's an idea of where this site is in relation to other developments in the area...



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[NYguy]

https://www.geo.tv/latest/436152-mif...l-pia-to-qatar

Miftah Ismail says no intention of selling Roosevelt Hotel, PIA to Qatar
Miftah rebuts reports of selling Roosevelt Hotel's shares to Qatar.


Aug 26, 2022

Finance Minister Miftah Ismail clarified on Friday that the federal government has no intention of selling the shares of Roosevelt Hotel, New York, and Pakistan International Airlines (PIA) to Qatar.

The finance minister's press conference came after reports suggested that Pakistan was mulling selling shares of both the state assets to acquire loans from the Gulf state.

"Coincidentally, we did not speak about Roosevelt Hotel during our meetings," the finance minister said, shedding light on Prime Minister Shehbaz Sharif's two-day visit to Qatar.

During the prime minister's visit, Qatar's Emiri Diwan confirmed that the Qatar Investment Authority (QIA) aims to invest $3 billion in Pakistan.

[Zapatan]

That's disappointing, assuming they would have balled out and built something huge here.

[Busy Bee]

[chris08876]

That's unfortunate. Dumpster fire of a process.

[JMKeynes]

I doubt that the Pakistani official has the final word. Qataris would help them maximize the value of their asset.

[Zapatan]

Originally Posted by Busy Bee

Not sure but I've basically lost faith in this country's ability to build skyscrapers anymore, let alone see a 500+ meter building.

And this is coming from someone who's usually more optimistic than others.

[MAC123]

Originally Posted by Zapatan

Not sure but I've basically lost faith in this country's ability to build skyscrapers anymore, let alone see a 500+ meter building.

And this is coming from someone who's usually more optimistic than others.

What are you talking about? The country is building a lot of skyscrapers right now. Primarily in NYC, who also happens to have a 500 M proposed building.

Obviously not in comparison with China, who need I remind you has 1.1 billion more people than the US.

[chris08876]

We are number two in the world, just for the layman. The U.S. is pumping them out, and fast!

NY State and Florida are the two that are pumping them out if we had to select two states for the number 1/2 slot respectively.

Anyways, more will come with NYC. This is just one project

[JMKeynes]

Originally Posted by Zapatan

Not sure but I've basically lost faith in this country's ability to build skyscrapers anymore, let alone see a 500+ meter building.

And this is coming from someone who's usually more optimistic than others.

Zap,

You seem like a nice guy, but you generally have no clue what you’re talking about.

Even if what this Pakistani guy said about the Qataris is true, they’ve consistently stated that they’re developing this site. That the Qataris may not be involved doesn't change that.

Personally, I’d like to see this hotel preserved, but despite my wishes, something very tall will rise here.

Further, NY is building more supertalls than any other city.

[NYguy]

Originally Posted by Zapatan

Not sure but I've basically lost faith in this country's ability to build skyscrapers anymore, let alone see a 500+ meter building.

I don’t even know what you’re talking about, or why you would even post it in this thread. No one said a 500 + meter building was being built on this site. If you are going to be obsessed about what’s being built around the world, fine. Do it elsewhere. We don’t concern ourselves with that in New York threads.

And finally, we don’t know exactly what is being proposed for this site. I only post what information is available so we can follow along.

[NYguy]

https://tribune.com.pk/story/2376602...oosevelt-hotel

Govt crafts plan for use of Roosevelt Hotel
Plan for leasing out the site, reopening of the hotel being explored


Zafar Bhutta
September 14, 2022

The government has decided to revive the plan for leasing out the site of the Roosevelt Hotel in New York to set up a joint venture project for prospective mixed-use development and agreed to explore the option of reopening the hotel following protest from the employees union.

According to sources, the Cabinet Committee on Privatisation had approved the leasing of the Roosevelt Hotel, as the best-suited mode of privatisation and directed the Privatisation Commission (PC) on July 2, 2020 to initiate the process for appointing a financial adviser.

…. after out-of-court settlement with the TCC, the PC was asked to reinitiate the process after the Office of the Attorney General for Pakistan advised the Aviation Division to go ahead with the appointment of the financial adviser.

https://www.brecorder.com/news/amp/40197630

Roosevelt Hotel: team likely to be sent to US for talks with union

Mushtaq Ghumman
15 Sep, 2022

The government is likely to dispatch a team comprising of officials from the Aviation Division, the Finance Division and the Law Division to negotiate with the union of M/s Roosevelt Hotel, New York to protect it from land marking and other emergent related issues, well-informed sources told Business Recorder.

The issue of M/s Roosevelt Hotel, sources said, was highlighted during the Federal Cabinet meeting held on September 13, 2022.

Secretary Aviation noted that the tentative cost of re-opening was $ 329 million, as indicated by M/s Nehmer and M/s Interstate, however, the exact cost of re-opening would be available once the bids were called.

Aviation Division also proposed that representatives of Finance and Law & Justice Divisions not below the rank of BPS-20 may also be added in the team of PIA-IL management going to New York, USA for negotiations with the Union, to protect RHC from land marking and other emergent RHC related issues.

[JMKeynes]

I’m pleased with this. This is a beautiful building but was starting to look forlorn and abandoned.

[Sky88]

So there is no new tower in this useless Pakistan soap opera? $ 329 million cost of re-opening the Hotel? Pakistan doesn't have this money given the problems created by the recent floods in the country. It was better to sell the Roosevelt Hotel to Qatar.

[NYguy]

Originally Posted by Sky88

So there is no new tower in this useless Pakistan soap opera? $ 329 million cost of re-opening the Hotel? Pakistan doesn't have this money given the problems created by the recent floods in the country. It was better to sell the Roosevelt Hotel to Qatar.

Does anybody bother to read?

[NYguy]

Whatever development rises here, an idea of just how close this site is (lower left) to the massive new 270 Park.

Also visible is demolition for 570 5th Avenue.

[Zapatan]

Whatever development rises here, an idea of just how close this site is (lower left) to the massive new 270 Park.

So it'll likely be completely overshadowed unless it ends up taller.

I have no idea what to expect from this site at this point but trying to to get my hopes up.

[NYguy]

Originally Posted by Zapatan

So it'll likely be completely overshadowed unless it ends up taller.

I have no idea what to expect from this site at this point but trying to to get my hopes up.

Well, it has the exact zoning (and size) as Vanderbilt. Make of that what you will.