NEW YORK | 45 Broad St | FT | 52 FLOORS | ON HOLD

[Zapatan]

Originally Posted by Hudson11

Probably just an office to residential conversion planned with Metroloft on board, but its always of note when a site adjacent to a supertall proposal changes hands.

You mean a note of Silverstein properties potentially wanting to buy this one?

At this point even a filler would be fine, doesn't seem like a supertall is really likely here. He's probably too frugal to ball out that much.

[NYguy]

^ What are you talking about? This tower is already planned to be a supertall.

Originally Posted by Hudson11

Probably just an office to residential conversion planned with Metroloft on board, but its always of note when a site adjacent to a supertall proposal changes hands.

https://commercialobserver.com/2022/...et-180m-rudin/

Silverstein Properties and Metro Loft Buying 55 Broad Street for $180M

There was once talk of a proposal to redevelop that site, even before 45 Broad was a proposal.

https://skyscraperpage.com/forum/sho...d.php?t=210050

[Hudson11]

Originally Posted by Zapatan

You mean a note of Silverstein properties potentially wanting to buy this one?

Indeed. Madison Equities might want to offload with no apparent progress in restarting their tower. 180 million is actually extraordinarily cheap for a 400k SF building with paying tenants. That's the difference between Downtown and Midtown nowadays. Silverstein would probably only have to fork over a similar amount for shovel-ready 45 Broad. But as I mentioned, since Metro Loft teamed up with Silverstein for the purchase, they probably don't have an assemblage in mind. Metro Loft's portfolio consists of a number of high profile office to residential conversions downtown (notably 20 Exchange Place), so that is likely the plan after the tenants vacate. But an assemblage is food for thought.

[NYguy]

One thing about an assemblage, the tower would have to restart it’s approval process.

[NYguy]

A renewal underway for the special permit (subway bonus) that was approved for this tower. I believe they get to renew it twice before it expires. One thing about this permit, it didn't affect the height of the tower.



https://zap.planning.nyc.gov/projects/2022M0347

Project Brief:

The first renewal of a special permit (C 180063 ZSM) that granted a FAR bonus in connection with subway improvements for a building located at 45 Broad Street, Community District 1, Manhattan

[Busy Bee]

Come on baby.......come on.....

[chris08876]

I hope this rises. I'd like to see more action in Lower Manhattan.

Looks like the land use application was filed June 24, 2022. Hey... some news is better than none!

[NYguy]

Originally Posted by chris08876

I hope this rises. I'd like to see more action in Lower Manhattan.

Looks like the land use application was filed June 24, 2022. Hey... some news is better than none!

Yeah, it just means they still plan on building this tower. When actual work will return is anyone's guess at this point. But it may not be as far off as we think.

[MAC123]

This design is amazing! Let's hope it gets built to completion. Lower Manhattan needs more love. Hopefully this, 2 WTC and 80 South Street all go through.

[chris08876]

Credit: ptimberman

[Busy Bee]

1,066 feet?

[chris08876]

I'll take it. I hope its just roof and not including an architectural element.

[MAC123]

It's just the roof. We saw the crown elements in the renderings.

[NYguy]

Originally Posted by MAC123

It's just the roof. We saw the crown elements in the renderings.

Yeah, that’s just the main roof, which is below the bulkhead and parapet heights. Still, it’s about 48 ft lower than the roof previously. So the height cut may not be as much as we were expecting before.

Here’s what was said previously…

A spokesperson for the developer confirmed that the condominium project is being put on hold due to “market conditions.” It’s not clear when the development team — which no longer includes Pizzarotti — will revive the project. When they do, the tower will be 80 feet shorter than the 1,115-foot-tall project initially pitched to meet Federal Aviation Administration requirements, according to Department of Building filings.

The 1,115 ft was always a reference to the main roof.

[JACKinBeantown]

Now it says 80 stories. Less luxury and more market rate?

[NYguy]

Originally Posted by JACKinBeantown

Now it says 80 stories. Less luxury and more market rate?

This one was never gonna be super-luxury, but there was an office component to it. They could have dropped that, or could be shifting to rental. Or they could be numbering the same way everyone else does. Won’t know for sure until they file actual DOB documents for the amendments.

[JACKinBeantown]

Originally Posted by NYguy

This one was never gonna be super-luxury, but there was an office component to it. They could have dropped that, or could be shifting to rental. Or they could be numbering the same way everyone else does. Won’t know for sure until they file actual DOB documents for the amendments.

As long as it gets built with the super-luxury design, that's the main thing I care about.

[NYguy]

Downtown's golden child and Midtown's...

[Drcastro]

How did this ever get put in the Under Construction section?

[JMKeynes]

Originally Posted by Busy Bee

1,066 feet?

They should call it The Hastings Tower or The William Tower.