NEW YORK | 175 Park Avenue (Grand Hyatt) | 1,575 FT | 86 FLOORS

[Xing Lin]

Originally Posted by Zapatan

Those renderings are so epic.

Originally Posted by Ryan81

DUDE! As always superb work Xing Lin!

Thank you guys

Updated my SSP diagram for this building:

[NYguy]

^ Nice.

[HyperPower]

Originally Posted by TREPYE

This is just an EPIC, E-P-I-C base.... gives the street so much dynamism and texture, truly creates an impression. Many times towers flop the base (like Ghery's Beekman tower, or 1 WTC) this is pretty much perfection in terms of a positive addition to the streetscape of what is already a legendary street in NYC.

SOM are leaders in Urban Development, Transportation, Civic and Highrise/Skyscraper design & architecture. Their portfolio is essential unmatched in large scale projects such as 175 Park Ave.

A local comparison between their work (ie New York) with 175 Park Avenue would be the Deutsche Bank Center (formerly Time Warner Center) integrating lobby, retail, transportation and cityscape (street level) into their design elements.





New path to the LIRR..

[citybooster]

From what I have seen, would the demolition be complete by sometime next year? Saw that the opening was mentioned to be scheduled for around 2029, would any construction likely start commencing by 2025?

[Zapatan]

Originally Posted by citybooster

From what I have seen, would the demolition be complete by sometime next year? Saw that the opening was mentioned to be scheduled for around 2029, would any construction likely start commencing by 2025?

This year or next as of now to my knowledge.


Nice diagram Xing! Silly question but the newer design is on the right, correct?

[NYguy]

Originally Posted by citybooster

From what I have seen, would the demolition be complete by sometime next year? Saw that the opening was mentioned to be scheduled for around 2029, would any construction likely start commencing by 2025?

NO. The hotel is still open. When demolition begins, foundation work also begins.

[NYguy]

MARCH 18, 2023


The view of the Chrysler from this particular angle will be lost, but the beauty of 175 Park will be felt right down to the street level.






















The New York half marathon was held today (this pic is from last year's run), and seeing this pic makes me envision the boost runners will feel when they run past this magnificent structure.


National Hemophilia Foundation

[citybooster]

Thanks for the response, but when is the Hyatt closing officially?

[NYguy]

Originally Posted by citybooster

Thanks for the response, but when is the Hyatt closing officially?

They haven’t released that infirmation, and likely won’t months in advance. Sure, you can make reservations, but that’s just that.

[NYguy]

175 Park will crash this party, lol. But I'm sure they will work in something similar.


https://www.instagram.com/p/Cq_9RJ8Osp8/

[Yackemflaber69]

worth it

[mrnyc]

i think i broke google bard a.i. magic eightball. beware our new silicon overlords!




will 175 park avenue start construction this year?

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Yes, 175 Park Avenue is expected to start construction this year. The developer, RXR Realty, has already demolished the Grand Hyatt Hotel that was previously on the site, and they have begun the process of securing permits. The building is expected to be completed in 2030.

175 Park Avenue will be a 1,575-foot-tall, 85-story mixed-use skyscraper. It will have 2.1 million square feet of office space, 500 hotel rooms, and 10,000 square feet of retail space. The building is designed by Skidmore, Owings & Merrill, and it will be the tallest building in Midtown East.

[Zapatan]

Originally Posted by mrnyc

The building is designed by Skidmore, Owings & Merrill, and it will be the tallest building in Midtown East.

Saying that this will be the "tallest building in Midtown East" is shortchanging it immensely.

It's the tallest building in the world outside of Asia (though Central Park Tower has a higher occupied floor by a hair)

To me, 1WTC's "spire" and Sears Tower's Broadcast antennae, despite surpassing 500 meters don't really count, nor do the Spires of Taipei 101 or the Petronas Towers really but at least those look pretty cool.

[mrnyc]

Originally Posted by Zapatan

Saying that this will be the "tallest building in Midtown East" is shortchanging it immensely.

It's the tallest building in the world outside of Asia (though Central Park Tower has a higher occupied floor by a hair)

To me, 1WTC's "spire" and Sears Tower's Broadcast antennae, despite surpassing 500 meters don't really count, nor do the Spires of Taipei 101 or the Petronas Towers really but at least those look pretty cool.

wait, you noticed that, but not that a.i. said the hyatt is already torn down?



***



flashback to 1918 w/the commodore hotel u/c

[NYguy]

Since the building is being demolished, it may or may not matter to the city, but the permit for what used to be the restaurant overhang over 42nd Street expires next year.



https://www.nytimes.com/2016/03/04/n...neymakers.html

The Grand Hyatt New York, which adjoins Grand Central Terminal, is billed nearly $300,000 annually by the city because its mezzanine-level restaurant protrudes over the sidewalk on East 42nd Street.

[NYguy]

https://www.nytimes.com/2023/04/27/b...s-economy.html

By Matthew Goldstein, Julie Creswell and Peter Eavis
April 27, 2023

Even with all the vacant space, some landlords like Mr. Rechler’s RXR still want to build new towers. RXR is moving ahead with plans to build what could be one of the tallest buildings in the country at 175 Park Avenue.

“It’s one of a kind in what is and will always be one of the best office markets in the world,” he said, referring to the tower.


A correction was made on April 27, 2023: An earlier version of this article misstated a distinction for an office building RXR is planning at 175 Park Avenue in Manhattan. It is expected to be one of the tallest buildings in the country, not the tallest.

[ArchGuy1]

Originally Posted by NYguy

Yes, we've seen multiple renderings, each from varying times. But getting beyond the fact that we've been told basically what the height will be, I do hope that people understand that renderings are just that, renderings. Obviously it could shift a few feet here and there before construction. But they're giving a definitive height at this time, no reason to expect otherwise.


https://rxr.com/assets/general/esg/2..._ESGReport.pdf






As far as tenant signings, it's the most desirable office district in the entire city, with no major new office space potentially coming online (350 Park will have some space to lease if they don't take it all. But even then, most likely the smaller floors. We know 343 Madison won't have large floors, and it's not as if JP Morgan Chase will share any of its space. Following on the heels of One Vanderbilt, in both location and quality, this is the next big thing.





I don't know who the tenant will be, but there will definitely be one. I've seen enough to know that.

Do you have any architectural drawings and diagrams from the Department of Buildings for 175 Park Avenue that you can post here.

[NYguy]

Originally Posted by ArchGuy1

Do you have any architectural drawings and diagrams from the Department of Buildings for 175 Park Avenue that you can post here.

No, they won't be filing any new building documents until demo has started at least, that usually comes after. But foundation work and demolition is supposed to start around the same time here, so the process will get started at least. Any building diagrams will come late in that process, when the new building permit is approved. There is a lot to cover, and the DOB is short-staffed, so the process will take longer than usual.

We should at least get new and finer renderings before then.

[NYguy]

https://www.thecity.nyc/economy/2023...it-remote-work

By Greg David
May 10, 2023

….. The one bright spot is that demand remains strong for the city’s newest and most expensive office towers. A record number of $100-per-square-foot or higher leases were signed in the first quarter — the average Manhattan office lease is $77 a square foot — as well as a few at more than $200 a square foot.

….. The brightest spot is the most modern office buildings, known as “Class A.” Since the beginning of 2002, almost three-quarters of all new leases are in those buildings, according to research from CBRE.

They are seeking exceptionally high rents. Buildings are offering 15 million square feet at more than $100 a square foot.

Demand remains high. Rechler is part of a consortium building a new 100-story building called 175 Park on the site of the former Trump Hyatt which will contain 2.5 million square feet of office space and a 200-room hotel. Around the corner from SL Green’s One Vanderbilt, another top-end new tower, it is expected to open in 2030.

“Since we opened a market suite at One Vanderbilt we have had tenants with leases expiring for 14 million square feet come to see our plans,” he said. “They want to be in the best buildings, close to public transportation, most efficient floor plates, and air and amenities.”

These new buildings, which include the new J.P. Morgan headquarters on Park Avenue, SL Green’s multi-billion-dollar 1 Madison opposite Madison Square Park, and 2 Manhattan West on the Far West Side, will push up the vacancy rate further. Since they are asking high rents, they push up the overall asking rent, even though the rent for older buildings is tumbling.

After those buildings open, there will be a pause since many high-profile projects — such as Vornado’s plan for office towers around Penn Station — have been put on the back burner indefinitely.

[Zapatan]

Yikes

About 20% of all the office space in Manhattan is either vacant or occupied by a company that is looking for someone to take it off their hands, the highest ever since tracking began in the early 1990s.