HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals


Reply

 
Thread Tools Display Modes
     
     
  #301  
Old Posted May 26, 2023, 11:21 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
We still don’t know what version of this tower will be built, but it will rise here on the skyline among giants…


https://www.instagram.com/p/CsbwDTROPop/

__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #302  
Old Posted Jul 4, 2023, 4:05 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
JULY 3, 2023










__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #303  
Old Posted Aug 2, 2023, 3:54 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
https://www.pincusco.com/south-korea...-midtown-west/

South Korea’s IGIS is new lender for Extell supertall site in Midtown West


August 1, 2023


Quote:
South Korea-based IGIS Asset Management through the entity IGIS USA LLC bought a note with an original principal of $185 million from JPMorgan Chase secured by Extell Development’s 13-parcel development site at 570 Fifth Avenue at the corner of 46th Street in Midtown West, Manhattan. Extell is expected to build a supertall skyscraper on the site.

The loan closed on July 10, 2023 and was recorded on July 31, 2023. The prior lender was JPMorgan Chase which held debt that had a most-recent loan amount of $185 million, which was down from a high of $340 million in 2019.

In June 2023, the Korean apparel manufacturing and investment firm Sae-A Trading Co. Ltd., through an LLC, filed to demolish 576 Fifth Avenue, a 57,352-square-foot office building at the corner of Fifth Avenue and 47th Street. It’s the only building on the west side of Fifth Avenue between 46th and 47th Street that developer Gary Barnett of Extell Development did not acquire in his 10-year assemblage of a potential supertall site.


https://www.pincusco.com/korean-firm...ll-assemblage/

Korean firm plans demo of 576 Fifth Ave. adjacent to large Extell assemblage





June 8, 2023


Quote:
The Korean apparel manufacturing and investment firm Sae-A Trading Co. Ltd., through an LLC, filed to demolish 476 Fifth Avenue, a 57,352-square-foot office building at the corner of Fifth Avenue and 47th Street. It’s the only building on the west side of Fifth Avenue between 46th and 47th Street that developer Gary Barnett of Extell Development did not acquire in his 10-year assemblage of a potential supertall site.

The New York Post first identified the owner of the parcel as Sae-A Trading Co. Ltd. in an article published in February 2022. The firm bought the building in July 2021 for $101 million under the name SJD, LLC, and at the time the buyer’s true identity not disclosed.

In 2019, PincusCo reported that Barnett had bought out partners and obtained $440 million in debt for the assemblage.

The applicant, Jae Kim of Sae-A Trading America, declined to comment. Gary Barnett did not immediately respond to a request for comment.
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #304  
Old Posted Aug 2, 2023, 12:09 PM
streetscaper streetscaper is offline
Registered User
 
Join Date: May 2004
Location: New York
Posts: 2,701
Yet another nice building bites the dust on 5th Ave






And don't forget what we lost next door:





Absolutely deplorable
__________________
hmmm....
Reply With Quote
     
     
  #305  
Old Posted Aug 2, 2023, 12:27 PM
Busy Bee's Avatar
Busy Bee Busy Bee is offline
Show me the blueprints
 
Join Date: Feb 2006
Location: on the artistic spectrum
Posts: 10,302
Unfortunate but not surprising. I suspected this was up their sleeve the whole time. Keeping the handsome old building would have made for a more interesting project. Their loss... well... our loss. Money talks and the expanded footprint is obviously more lucrative.
__________________
Everything new is old again

There is no goodness in him, and his power to convince people otherwise is beyond understanding
Reply With Quote
     
     
  #306  
Old Posted Aug 2, 2023, 3:31 PM
Zapatan's Avatar
Zapatan Zapatan is offline
DENNAB
 
Join Date: Aug 2009
Location: NA - Europe
Posts: 6,043
That's sad, we better get a massive supertall out of this and not some 800 footer.
Reply With Quote
     
     
  #307  
Old Posted Aug 2, 2023, 7:55 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
We still don’t know who’s working with who. But I always suspected that the delay in starting the approvals process had something to do with changes or proposed changes to the site itself. Real estate assemblage is a long game in NY.
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #308  
Old Posted Aug 8, 2023, 12:36 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
AUGUST 6, 2023

One more awaiting demo...















__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #309  
Old Posted Aug 24, 2023, 1:28 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
Quote:
Originally Posted by NYguy View Post
https://www.pincusco.com/korean-firm...ll-assemblage/

Korean firm plans demo of 576 Fifth Ave. adjacent to large Extell assemblage





June 8, 2023


Of course, they wait until it's too late to try for landmarking....CB5 meeting


https://www.cb5.org/cb5m/calendar/2023-september/

Quote:
Tuesday, August 29th, 2023, at 6:00pm

- 576 5th Avenue, Howard Building, a request for landmarking.
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #310  
Old Posted Aug 24, 2023, 6:52 AM
HyperPower's Avatar
HyperPower HyperPower is offline
"Think about the Future"
 
Join Date: Sep 2008
Location: New York City/ NH
Posts: 224
CB5 knew about the demolition of the entire block for years and the Korean company purchasing 576 Fifth Ave. on behalf of Extell for almost two. Smells like typical cronyism and pockets greased.



Remember folks, fourty + years ago developers wanted to take a wrecking ball to Grand Central Terminal... Jacqueline Kennedy Onassis saved it in 1978.

"Greed is NOT good!"
Gordon Gekko
__________________
'One entered the city like a god; one scuttles in now like a rat' (On Penn Station) Vincent Skully

Last edited by HyperPower; Aug 25, 2023 at 1:15 AM. Reason: Info
Reply With Quote
     
     
  #311  
Old Posted Aug 28, 2023, 3:02 PM
mrnyc mrnyc is offline
cle/west village/shaolin
 
Join Date: Jul 2006
Posts: 11,586
Quote:
Originally Posted by NYguy View Post
Of course, they wait they get paid off to wait until it's too late to try for landmarking....CB5 meeting


https://www.cb5.org/cb5m/calendar/2023-september/
ugh

this better be a razzle dazzle monster of a tower.
Reply With Quote
     
     
  #312  
Old Posted Sep 1, 2023, 12:46 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
The CB5 discussion begins at the 2:19 mark...



Video Link
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #313  
Old Posted Sep 1, 2023, 2:53 PM
Busy Bee's Avatar
Busy Bee Busy Bee is offline
Show me the blueprints
 
Join Date: Feb 2006
Location: on the artistic spectrum
Posts: 10,302
That's almost unwatchable, which is why I didn't watch it. Who's got the TLDW synopsis?
__________________
Everything new is old again

There is no goodness in him, and his power to convince people otherwise is beyond understanding
Reply With Quote
     
     
  #314  
Old Posted Sep 1, 2023, 3:46 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
Quote:
Originally Posted by Busy Bee View Post
That's almost unwatchable, which is why I didn't watch it. Who's got the TLDW synopsis?
You mean, you weren't riveted by the testimony? Basically, the first (or one of) jewelry business to move when the diamond district moved uptown was in that building. However, there have been many changes to the original building, but he wants to salvage what is left.
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #315  
Old Posted Sep 1, 2023, 4:24 PM
Busy Bee's Avatar
Busy Bee Busy Bee is offline
Show me the blueprints
 
Join Date: Feb 2006
Location: on the artistic spectrum
Posts: 10,302
Thanks

Watching some of these zoom meetings is a special kind of agony.
__________________
Everything new is old again

There is no goodness in him, and his power to convince people otherwise is beyond understanding
Reply With Quote
     
     
  #316  
Old Posted Sep 4, 2023, 2:20 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
Full demolition was approved on August 29, 2023 for 576 5th Avenue. Now we wait to see modified plans for 570.
















AUGUST 3, 2023


Standing ready to come down...


__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #317  
Old Posted Oct 5, 2023, 10:12 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
Demo moving forward on the final piece...








__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #318  
Old Posted Oct 30, 2023, 7:46 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
OCTOBER 29, 2023














__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Oct 30, 2023 at 7:57 PM.
Reply With Quote
     
     
  #319  
Old Posted Oct 31, 2023, 1:33 AM
mrnyc mrnyc is offline
cle/west village/shaolin
 
Join Date: Jul 2006
Posts: 11,586
goodbye jewelers on fifth building.

you were a real one.

salute.
Reply With Quote
     
     
  #320  
Old Posted Oct 31, 2023, 2:45 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
^ Yeah, it's in it's final days now.

On another note, I wish we had an idea exactly what Barnett intends to build. Now that they have a solid footprint, maybe they will officially start the approvals process (they were so close before). Or maybe they'll just decide to build something as-of-right. Either way, skyline watchers want to know.
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 11:05 PM.

     
SkyscraperPage.com - Archive - Privacy Statement - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.