NEW YORK | 111 Murray Street | 792 FT | 58 FLOORS

[NYguy]

http://www.crainsnewyork.com/article/20130315/REAL_ESTATE/130319903

St. John's University property hits the block
The TriBeCa building could fetch as much as $200 million in a sale that would most likely result in a 300,000-square-foot residential condominium.
Edward Minskoff is interested.

By Daniel Geiger
March 15, 2013


St. John's University has put a downtown building it uses for student housing and academic space up for sale. The property, which is 10-stories and about 150,000 square feet, could reap between $150 million and $200 million.

"Our sense of the real estate market right now is that it's extremely strong and coming back even stronger," said Martha Hirst, St. John's chief operating officer and treasurer.

The property, at 101 Murray St., between West and Greenwich streets, a few blocks north of the World Trade Center site, can accommodate over 300,000 square feet of residential space. Those development rights have attracted several prospective buyers, including Edward Minskoff, who in recent years built a striking 35-story residential tower next door at 101 Warren St.

"We would like to get it and we hope to get it," said Mr. Minskoff, who noted that condominium prices in the area range from $1,800 per square foot to $2,400 per square foot.

101 Murray St. serves as the main Manhattan location for St. John's Peter J. Tobin College of Business, where the curriculum focuses largely on risk management issues. Ms. Hirst said that St. John's is seeking to lease a 40,000-square-foot to 60,000-square-foot Manhattan space as a new home for its business school.




http://www.pbase.com/nyguy/image/149222059/original.jpg



http://www.pbase.com/nyguy/image/149222060/original.jpg



http://www.pbase.com/nyguy/image/149222061/original.jpg

[NYguy]

http://observer.com/2013/03/st-johns-seeks-to-cash-out-of-murray-street-space/

St. John’s Seeks to Cash Out of Murray Street Space


http://nyoobserver.files.wordpress.com/2013/03/101murray.jpg?w=450&h=446


By Stephen Jacob Smith 3/14/13



This afternoon St. John’s announced that it is looking to sell its building at 101 Murray Street. The university bought the property in 2001, after St. John’s merged with the College of Insurance, now called the School of Risk Management, which remains a tenant in the building.

“The University has been continually assessing the value of this asset in terms of space usage and market value,” according to the press release. “With Manhattan’s real estate market now at an all-time historic high, we have determined that it is in the best interest of the University of seek a buyer for the property at this time.”

As with BMCC’s campus, the real prize is not the building, but the development rights available at the site. “The location also has significant development opportunities,” according to the release, “in that the site is currently built to only about one-third of its potential capacity.”

According to city records, the current building, erected in 1984, contains 145,000 square feet of space. By our calculations, the current C6-4 zoning means the site could accommodate a building of nearly half a million square feet with the public plaza density bonus, with both commercial and residential possible.




http://newyork.citybizlist.com/article/cushman-wakefield-ny-capital-markets-group-tapped-market-prime-development-site-101-murray

Cushman & Wakefield NY Capital Markets Group Tapped To Market Prime Development Site
At 101 Murray Street
C&W appointed by St. John’s University to market development site in Tribeca; Offers an investor the opportunity to construct a building in excess of 400,000 square feet


March 15, 2013



Cushman & Wakefield announced that it has been tapped by St. John’s University to market the development site at 101 Murray Street, located in the heart of Tribeca between Greenwich and West Streets and steps from the World Trade Center.

A Cushman & Wakefield New York Capital Markets team of Helen Hwang, Nat Rockett, Michael Rotchford and Steve Kohn, are marketing the site on behalf of St. John’s University.

“101 Murray offers an extremely rare large-scale development opportunity located in an ultra-luxury Tribeca location, steps from the headquarters of Goldman Sachs and Condé Nast,” said Helen Hwang, executive vice president, New York Capital Markets Group. “The opportunity to deliver a world-class property in this location is a developer’s dream.”

[Dac150]

What an opportunity is right! This should be interesting.

[NYguy]

What an opportunity is right! This should be interesting.


It should be. Hopefully the right developer can get the site.


According to city records, the current building, erected in 1984, contains 145,000 square feet of space. By our calculations, the current C6-4 zoning means the site could accommodate a building of nearly half a million square feet with the public plaza density bonus, with both commercial and residential possible.

It's not a big site, so I don't know how they would incorporate any public plaza bonus unless it's one of the indoor types, like the SONY or IBM buildings.

[reencharles]

Great news. I hope to see a building of quality here. Maybe a skyscraper...

[NYguy]

Hopefully, they will look at the sales of 56 Leonard, and give us something inspiring.

[NYguy]

http://www.crainsnewyork.com/article/20130428/REAL_ESTATE/304289968

Get it before it's gone! Procure a lot to build on

By Daniel Geiger
April 28, 2013


....Underpinning the logic of such princely sums is the performance of several residential projects under construction in the area. An 820-foot condo tower now rising at 56 Leonard St. has a penthouse on the market for $24 million. Nearby at 150 Charles St., the cheapest units on offer are priced at $4 million.

"It's not unusual anymore to see an apartment trade for a price in the $2,000s or even $3,000s per square foot," said James Nelson, a broker at Massey Knakal who is handling the sale of the Getty station. "With values like that, developers feel comfortable underwriting these deals where land is $700 or more per square foot, even though that's higher than they've ever paid."

These days, developers' hunger for workable land is such that many appear willing to pay record sums even for parcels in locations where no one has ever dreamed of putting up a top-dollar condo. A site downtown at 101 Murray St. that can accommodate 400,000 square feet of residential development is being marketed by Cushman & Wakefield with an asking price of $200 million. That tops $500 per buildable square foot, an unheard-of figure in that neighborhood.

[NYguy]

http://therealdeal.com/blog/2013/05/24/witkoff-fisher-pay-200m-for-st-johns-campus/

Witkoff, Lorber and Fisher pay $200M for St. John’s campus
Developers will replace the Tribeca building with condos


http://s12.therealdeal.com/trd/up/2013/05/murray-redo.jpg


May 24, 2013



St. John’s University today announced an agreement to sell its satellite Tribeca building at 101 Murray Street to a joint venture of Fisher Brothers, Howard Lorber and Witkoff Group, which plan to raze the building to construct condominiums, Crain’s reported.

Fisher, Lorber and Witkoff paid more than $200 million for the 10-story, 145,525-square-foot property, a source familiar with the deal told The Real Deal.

The school plans to use the proceeds from the sale to bulk up its endowment, academic offerings and facilities.

“We are very excited to be joining with the Fisher Brothers as a partner and co-developer of this exceptional property, and we laud St. John’s for its vision,” developer Steve Witkoff said in a St. John’s release sent to The Real Deal. “Lower Manhattan is experiencing dynamic commercial and residential growth, and this site sits atop the front edge of that wave.”

St. John’s will occupy the space until mid-2014 under the terms of the deal, and plans to announce another Manhattan space before the 2014-2015 academic year.



http://www.crainsnewyork.com/article/20130524/REAL_ESTATE/130529915

Condo to replace St. John's University building
Real estate investors Steven Witkoff, Howard Lorber and the Fisher family will buy the lower Manhattan academic facility at 101 Murray St.
for close to $200 million, demolish it and erect a new luxury condo in its place.


By Daniel Geiger
May 24, 2013


A partnership between real estate investors Steven Witkoff, Howard Lorber and the Fisher family is buying 101 Murray St., an academic building in lower Manhattan owned by St. John's University.

The group will pay nearly $200 million for the property, which they plan to knock down and build a new residential condominium tower in its place. The site can accommodate up to about 310,000 square feet of development and as much as 370,000 square feet if the buyers secure extra development rights from the city by agreeing to create a public plaza space at the site.

"We saw the success of 56 Leonard St. and that made us feel very good," Mr. Witkoff said, referring to another condo tower rising nearby being built by developer Hines. "I just believe that downtown is now commonly accepted as a wonderful neighborhood to live in."

The price, which equates to about $600 for every square foot that can be built on the site, surpassed even lofty expectations for the property. It also highlights how the city's soaring condo market has prompted developers to pay big for parcels on which to build.

"We saw the traction we got at 150 Charles St.," said Mr. Witkoff, speaking about a West Village residential development he is currently constructing. "It's not just foreign buyers, it's New Yorkers who are buying and they want to be in areas like the Village and TriBeCa."

[jackster99]

The article that NYguy posted says they will be able to build a tower of 310,000-370,000 square feet. Does anyone have any guesses as to how high of a tower that would allow? Comparable to 56 Leonard's height perhaps?

[sbarn]

The article that NYguy posted says they will be able to build a tower of 310,000-370,000 square feet. Does anyone have any guesses as to how high of a tower that would allow? Comparable to 56 Leonard's height perhaps?

Much lower, my guess is closer to 500 ft.

[NYguy]

It's all a matter of product. 107 W 57th will be a 900 footer with about 150,000 sf and 45 E 60th will be a 700 footer with about 180,000 sf.

[sbarn]

^^ True although this property is much, much larger than any of the towers you mention. I'd love to see an iconic tower rise here though. I hope whoever purchases this property is capitalized and competent.

[Crawford]

I prefer something very tall, glassy and thin on this spot, though we'll have to see. They could go extremely tall if the tower is thin.

[njcco]

Man, if I had shelled out big bucks for a condo next door at 101 Warren a few years back, would I be pissed at this news! That said, it IS New York real estate, so caveat emptor! :haha:

[NYguy]

^^ True although this property is much, much larger than any of the towers you mention. I'd love to see an iconic tower rise here though. I hope whoever purchases this property is capitalized and competent.

The site is a little larger, but still a small site. It would be nice if they could build a base of retail. That would be more than enough for a soaring tower. We'll just have to see how
they choose to move.

[NYguy]

http://www.rew-online.com/2013/07/22/witkoff-fisher-to-build-new-downtown-tower/

Witkoff, Fisher to build new downtown tower


By REW Staff
July 22, 2013


Fisher Brothers and The Witkoff Group have closed on a deal with St. John’s University to buy one of Lower Manhattan’s biggest development sites at 101 Murray Street for $223 million.

The JV partners plan to demolish the building and redevelop the site as a new mixed-use building, incorporating residential and commercial spaces. Design plans have not been announced.

“This is yet another exciting new project for Fisher Brothers and we couldn’t be happier,” said said Winston Fisher, partner, Fisher Brothers. “Lower Manhattan continues to evolve at a record-setting pace and we are proud to be a part of it, along with The Witkoff Group. We’d also like to thank St. John’s University for being such a great partner in this transaction.”

Steven Witkoff, chairman and CEO of The Witkoff Group, added, “The partnership of Witkoff and Fisher Brothers is helping to redefine Downtown Manhattan, one of the fastest-growing areas in New York City. We believe 101 Murray will be another highly sought-after destination.”

Under the agreement, St. John’s Tobin College of Business School of Risk Management, the Global Studies language programs, and other academic initiatives will continue to use the space through mid-2014.

...Located on the northeast corner of Murray and West Streets, 101 Murray Street offers the opportunity to construct a brand new, residential project with a coveted Tribeca address.

The site provides a 31,028 s/f footprint that affords maximum design flexibilities in order to build a residential tower. The underlying zoning provides no height restriction, allowing the developer to maximize ceiling heights.

The site allows for the development of a residential building totaling 310,028 square feet as-of-right, with the potential to increase the development bulk to 372,336 s/f through available floor area bonuses.

A Cushman & Wakefield New York Capital Markets team of Helen Hwang, Nat Rockett, Karen Wiedenmann, Steve Kohn, and Michael Rotchford, represented St. John’s in the transaction.

“101 Murray Street is a development site like no other in Manhattan with the potential to become a truly world-class residence,” said Hwang, an executive vice President.

[MarshallKnight]

:previous:

No height limits + residential + sizable site definitely makes this intriguing. Although, we probably won't get an idea of how tall this thing might get until we know what proportions of it will be commercial vs. residential. No word on ground floor retail?

[NYguy]

No height limits + residential + sizable site definitely makes this intriguing. Although, we probably won't get an idea of how tall this thing might get until we know what proportions of it will be commercial vs. residential. No word on ground floor retail?


I'm sure the commercial aspect will be ground floor retail. There will possibly be some hotel space involved, but this will mostly be a residential tower, as they try to cash in on the overheated residential market in Manhattan.


“101 Murray Street is a development site like no other in Manhattan with the potential to become a truly world-class residence,” said Hwang

[Eidolon]

I know this might be premature, but considering the rhetoric of the developer I'm guessing that this will be a supertall or damn close to one.

[babybackribs2314]

The tower would have to resemble 432 Park to get anywhere near 1,000 feet. Something in the 500-700' range is much more probable IMO.

[NYguy]

I know this might be premature, but considering the rhetoric of the developer I'm guessing that this will be a supertall or damn close to one.

If you are, you shouldn't equate "world class residence" with supertall. Manhattan is full of such buildings, very few of them are supertalls. I suspect it will be a very nice, high class building. The height could be anywhere, but I don't expect anything high enough to be a supertall, at least to roof height.


http://tribecatrib.com/content/223m-deal-developers-buy-and-demolish-st-johns-university-building

According to Crain's, up to 310,000 square feet can be developed on the site, with an additional 60,000 square feet if the developer is willing to include a public plaza. Up to 200 units, Crain's said, are expected to be developed on the site.

[StoOgE]

5 guys got kicked out of the building, for what thats worth.

[NYguy]

The building will be occupied until next year. No word on architects...

Under the agreement, St. John’s Tobin College of Business School of Risk Management, the Global Studies language programs, and other academic initiatives will continue to use the space through mid-2014.

[NYguy]

http://nypost.com/2013/12/09/retail-condos-and-buildings-see-a-boom-in-prices/

Retail condos and buildings see a boom in prices


http://thenypost.files.wordpress.com/2013/12/sale1.jpg?w=720&h=480&crop=1

Steve Witkoff, the Fisher Bros. and Howard Lorber purchased 101 Murray St. and plan to put up a luxury condo.


By Lois Weiss
December 9, 2013


.....Other sales through C&W in the area include the St. John’s University site at 101 Murray St. to Steve Witkoff, the Fisher Bros. and Howard Lorber for a towering luxury condominium project, and the trade for the top of Verizon’s office building at 140 West St. to Ben Shaoul of Magnum Real Estate later this month for $274 million.

[Submariner]

Absolutely incredible. It seems as if there is a new proposal being put forth every other week.

[NYguy]

This has been in the works for a little while, but we'll see just how "towering" they get. At this location, it doesn't have to be a supertall, but it would still have to be tall.

[NYguy]

http://www.crainsnewyork.com/article/20131219/REAL_ESTATE/131219846

Yet another campus to call East Village home
St. John's University will build new classrooms, meeting space and administrative offices at 51 Astor Place, next to Cooper Union and a stone's throw from NYU.


By Daniel Geiger
December 19, 2013


St. John’s University is moving its Manhattan campus from lower Manhattan to the East Village.

This summer, the university will relocate its school of risk management and English language institute from 101 Murray St. to 51 Astor Place, a new office building south of Union Square, where it just leased 71,000 square feet.

St. John’s, which is based in Hillcrest, Queens, will build classrooms, meeting space, administrative offices, and a new library to house its collection of historic literature and documents in the risk management business called the Davis Library.

St. John’s sold 101 Murray St. for $223 million during the summer, capitalizing on the city’s soaring residential condo market. A group of a real estate developers plans to demolish that property and build a large apartment tower in its place.

Martha Hirst, St. John’s chief operating officer and treasurer, who helped manage the sale of its Murray Street building and arrange the lease at 51 Astor Place, said the new space would allow the school to create a state-of-the-art academic facility.

“This is a beautiful and well-designed building,” Ms. Hirst said. “The technology will be such that we can seamlessly do video conferencing with guest professors and overseas students anywhere in the world.”

St. John’s will take roughly equal amounts of space in the 400,000 square foot building’s basement, ground and second floors. The university will also install a private entrance to the building.

[Crawford]

I will be pissed off if this isn't a supertall, or at least close.

It's a fantastic location for very high condos, a new supertall on this site would really enhance the Lower Manhattan skyline, and there's tons of developable FAR plus additional air rights from adjacent buildings.

We'll see, though. They have yet to hint on what type of building they're planning to build, outside of saying it will be condos and very tall.

[NYguy]

I'm not convinced of a supertall yet. Maybe somewhere along the lines of 56 Leonard, but we'll see.

[NYguy]

http://www.stjohns.edu/about/news/2014-01-07/st-johns-university-relocate-manhattan-campus-51-astor-place

St. John's University to Relocate Manhattan Campus to 51 Astor Place


January 7, 2014


St. John’s University announced today that it has leased 71,000 square feet of space for its Manhattan campus at 51 Astor Place, Edward J. Minskoff’s new 12-story, 400,000-square-foot office building that occupies the block between Third and Fourth Avenues in the East Village, Manhattan. Situated in an area that is home to more than 50,000 college students, the new location will house St. John’s School of Risk Management, a key division of the University’s Peter J. Tobin College of Business and a global leader in risk and insurance education and training.

St. John’s plans to open 51 Astor Place for the 2014 fall semester. The new site will replace the school’s Manhattan campus at 101 Murray Street in Tribeca, which the University sold for $223 million in July 2013.

St. John’s will continue to operate at its current Manhattan location at 101 Murray Street through the 2013-14 academic year.

[Hypothalamus]

New York YIMBY:

Revealed: 101 Murray Street (http://www.yimbynews.com/2014/02/revealed-101-murray-street.html)
BY: NIKOLAI FEDAK ON FEBRUARY 20TH 2014 AT 9:00 AM

http://www.yimbynews.com/wp-content/uploads/2014/02/101murray.jpg
101 Murray Street -- image from Coop Himmelb(l)au

The planned residential re-development of 101 Murray Street has been revealed, and the design is a decided departure from typical new construction in Manhattan; soaring 860 feet, the tower’s architect is Coop Himmelb(l)au, and — per Crain’s — a partnership between the Witkoffs, Fisher Brothers, and Howard Lorber will be developing the site.

101 Murray Street will be the fourth Downtown residential tower set to rise over 800 feet, joining the ranks of 30 Park Place, 56 Leonard, and 22 Thames Street, which Fisher Brothers is also developing. While the developments may have a commonality in extraordinary height, they will all have very distinct designs.

The protrusion atop 101 Murray Street is a vast departure from typical architecture in New York City, as buildings in Manhattan tend to taper as they rise. Coop Himmelb(l)au’s website dubs the building the “Skywing Tower,” and it will apparently have a counterpart in Seoul. DeSimone’s website (http://blog.de-simone.com/2014/01/01/a-year-in-review-desimones-top-projects-of-2013/) has additional details.

Construction is a long ways off, as the existing building at 101 Murray must still be demolished; the site’s current occupant is a dormitory for St. John’s University, and it was acquired for $233 million. The article on Crain’s indicates the Skywing Tower will have 370,000 square feet of space, dedicated to condominiums.

While 101 Murray’s new design won’t be everyone’s cup of tea, it will certainly be unique; the skyscraper’s impact will be diminished by the proximity of the World Trade Center and the other new residential towers, as well.

No completion date has been announced, but St. John’s will vacate the existing building this summer, paving the way for demolition.

http://www.yimbynews.com/wp-content/uploads/2014/02/101murray1.jpg
101 Murray Street, to be demolished -- image via Google Maps

[Submariner]

Wow.

[supertallchaser]

that crown !

[JayPro]

:eek: Moth. Hair. Fork. Air.........................

[miesian]

:eek:

[mistermetAJ]

:uhh:

Somehow Coop Himmelb(l)au managed to make thin and tall with a crown look ridiculous.

[NYguy]

It's not bad...just get rid of the top.

[mistermetAJ]

It's not bad...just get rid of the top.

The glass looks too reflective as well.

[miesian]

OK, we need to take a deep breath and relax. Things have obviously gotten out of control in Manhattan. This looks like some sort of metal tool..a specialty screwdriver? WTF

[JayPro]

Point Number One: I'd rather have this one than the Seoul Twin...and stow the Don Cornelius jokes. ;)

2. What be this I hear? There are already loud calls for the removal of the *only* element of this tower's design that indeed separates it from the very same dog-eared trend of American high-rises toward form>function>formula wrapped in stultifying plain vanilla...that so many here are dying to see done away with.
In short: For you all whose cries of "There can be found absolutely nowhere in this town a quarter-iota of originality or true avant-gardrism in skyscraper design."? Well...Here's the second radical departure from your claims (56L being the first).
I mean Jeebus, If KH were to give that sister tower a little bit more evenness in form, I'd welcome *that* design too the Apple's insanely growing list of new skyscrapers as well.

[Busy Bee]

It's shapeshifting right in front of me!

I'm all for a distinctive crown but that looks like some huge luxury yacht in dry dock parked up there!

[NYguy]

What be this I hear? There are already loud calls for the removal of the *only* element of this tower's design that indeed separates it from the very same dog-eared trend of American high-rises toward form>function>formula wrapped in stultifying plain vanilla...that so many here are dying to see done away with.
.

Yes, if that element is a ridiculous looking one. Absolutely, remove it. Use that space to build a nice looking crown, or just continue rising as is. Better yet, turn the building upside down.


http://www.yimbynews.com/wp-content/uploads/2014/02/101murray.jpg

[Blaze23]

I think all they have to do is remove that weird thing on top and you have a pretty nice building, that cylindrical thing on top would make a great crown, I love the round shape and the glass.

[hunser]

WTH is this? Certainly doesn't belong in New York. Looks like the tire pump of my bicycle!

[SkyscrapersOfNewYork]

It looks like an air craft landed on top.

[JayPro]

Come to think of it, why do I get the strange feeling that the good folks at YIMBY--and us for that matter--are about to be rickrolled with a hoax? The cladding just doesn't look realistic and @NYGuy if you were to turn this thing on its head the angle in front would make it look the more out of whack.

[Zapatan]

That doesn't even look real... and I agree get rid of the top and it looks awesome.

[Perklol]

I like it so far from that angle. Like very 2020ish.

[Busy Bee]

Reminds me of:

http://www.2blowhards.com/Adolf%20Loos.jpg
Adolf Loos / link (http://www.2blowhards.com/Adolf%20Loos.jpg)

[supertallchaser]

i think it stands out,bold yet not too bad,i know it has an odd shape but it plays it off,it looks the Westin in Atlanta with a hairpiece xD

[ILNY]

This tower is more Gangnam style than New York style. I will keep thinking it's a hoax until proven otherwise.

On the positive side....it could be much worse.
http://upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Jugotours_Beograd_Dec_2003.jpg/476px-Jugotours_Beograd_Dec_2003.jpg
Credit: http://en.wikipedia.org/wiki/File:Jugotours_Beograd_Dec_2003.jpg

[McSky]

http://www.yimbynews.com/wp-content/uploads/2014/02/101murray.jpg




http://i1287.photobucket.com/albums/a627/bucket6nyy/kirk_zps7d299a53.jpg~original

[scalziand]

Is that Kirk's crack pipe?

[Danielson27]

I just did a quick mock up of what I see in the rendering so obviously take this with a grain of salt.But this what 860 feet means for that location

http://farm8.staticflickr.com/7351/12669509163_e92a20cff1_b.jpg

http://farm6.staticflickr.com/5504/12669512023_9f7a3f47ba_b.jpg

http://farm6.staticflickr.com/5536/12669503013_4b6e044029_b.jpg

http://farm8.staticflickr.com/7431/12669498133_7818ec54d3_b.jpg

[a very long weekend]

looks cool in a robocop-set-in-moscow sort of way. that area is so desolate that skyline impact is all that matters and this will have it. weird revolving resto design for the penthouse?

[yankeesfan1000]

What a catastrophically ugly crown. Is it a helipad? A can opener?

[franktko]

looks cool in a robocop-set-in-moscow sort of way. that area is so desolate that skyline impact is all that matters and this will have it. weird revolving resto design for the penthouse?

A spinning penthouse! That's something that would really be crazy :P Fall asleep with WTC out the window and wake up with the ESB :cheers:
Now where's the damn elevator door??

[NYguy]

Look at it this way, and it's much better, with a nice base and a soaring shaft...


http://www.pbase.com/nyguy/image/154566617/original.jpg

[patriotizzy]

Not sure about the top either. Looks like something just fell on top of the building, and no one cared to remove it. Would rather they remove it and add an antenna.

[CCs77]

What the F....!!!!

When I saw that, this is the first image that came to my mind, apparently, the architect was inspired by this...
He saw that and thought: so cool, let's make that but atop a 60-story skyscraper in NYC!!!

http://img4.uploadhouse.com/fileuploads/19043/1904369450708db8fcf947c0733197c36c802efd.jpg (http://www.uploadhouse.com/viewfile.php?id=19043694&showlnk=0)
http://img3.uploadhouse.com/fileuploads/19043/190436931b3fd31bb188e5967f68114d90e70638.jpg (http://www.uploadhouse.com/viewfile.php?id=19043693&showlnk=0)


New York YIMBY:

Revealed: 101 Murray Street (http://www.yimbynews.com/2014/02/revealed-101-murray-street.html)
BY: NIKOLAI FEDAK ON FEBRUARY 20TH 2014 AT 9:00 AM

http://www.yimbynews.com/wp-content/uploads/2014/02/101murray.jpg
101 Murray Street -- image from Coop Himmelb(l)au

[AtlantaMustang]

it looks the Westin in Atlanta with a hairpiece xD

This hairpiece almost TRUMPs another famous hairpiece.

[supertallchaser]

This hairpiece almost TRUMPs another famous hairpiece.

i was thinking the same thing :haha:

[Perklol]

I just did a quick mock up of what I see in the rendering so obviously take this with a grain of salt.But this what 860 feet means for that location

http://farm8.staticflickr.com/7351/12669509163_e92a20cff1_b.jpg

http://farm6.staticflickr.com/5536/12669503013_4b6e044029_b.jpg

:slob:

Gorgeous. However, I'm wondering if this is the correct rendering? It seems something suitable for London but not New York.

[Hudson11]

the true purpose of this design is to flush out any high storm surges from Lower Manhattan #thetoilethandle

[scalziand]

If that's the case, it should be next to MSG.

[NYguy]

http://www.bloomberg.com/news/2014-04-08/lower-manhattan-condos-rival-midtown-s-luxury-skyscrapers.html

Lower Manhattan Condos Rival Midtown’s Luxury Skyscrapers


http://www.bloomberg.com/image/inPSdSYc88kc.jpg


By Oshrat Carmiel
Apr 8, 2014


.....“It’s a new class of luxury product that’s being introduced,” said Kelly Kennedy Mack, president of Corcoran Sunshine. “We are seeing buyers who historically were attracted to Midtown come downtown. They’re getting the same high level of design and spectacular views.”

Downtown buildings accounted for 51 percent of Manhattan’s new-development sales last year, compared with 35 percent in 2012, according to the brokerage. Developers in the area have more than 4,000 units planned for construction or delivery within the next two years.

.....the Witkoff Group and partner Fisher Brothers are proposing a condo tower at 101 Murray St., the site of a former St. John’s University campus, that would feature large apartments. The firms are considering plans that would make it easy for buyers to combine units to create an even bigger space, Steven Witkoff, president of Witkoff Group, said in an interview.

The idea came after some buyers at Witkoff’s 150 Charles, in the West Village sought more than one apartment, he said. The 91-unit development sold out in 12 weeks last year at prices averaging about $3,400 a square foot, with condos on the upper floors topping $6,000 a square foot. Ninety-five percent of the buyers were from New York, he said.

“There’s a lot of very well-heeled, entrenched people who are prepared to pay to be down there,” Witkoff said.

[JayPro]

Color me slow on the uptake; but what does this article have to do with the chances, if any, of this project rising as is now?

[Submariner]

Color me slow on the uptake; but what does this article have to do with the chances, if any, of this project rising as is now?

Well, I think the point is the article is painting a rosy picture for demand downtown. 56 Leonard is 90% sold, which is quite impressive given the price tags associated with these apartments. There is sure to be other demand elsewhere...

[NYguy]

Color me slow on the uptake; but what does this article have to do with the chances, if any, of this project rising as is now?


Well, I think the point is the article is painting a rosy picture for demand downtown. 56 Leonard is 90% sold, which is quite impressive given the price tags associated with these apartments. There is sure to be other demand elsewhere...


And I thought it was simple. That's accurate, but more to the point...


the Witkoff Group and partner Fisher Brothers are proposing a condo tower at 101 Murray St., the site of a former St. John’s University campus, that would feature large apartments. The firms are considering plans that would make it easy for buyers to combine units to create an even bigger space, Steven Witkoff, president of Witkoff Group, said in an interview.

The idea came after some buyers at Witkoff’s 150 Charles, in the West Village sought more than one apartment, he said. The 91-unit development sold out in 12 weeks last year at prices averaging about $3,400 a square foot, with condos on the upper floors topping $6,000 a square foot. Ninety-five percent of the buyers were from New York, he said.

“There’s a lot of very well-heeled, entrenched people who are prepared to pay to be down there,” Witkoff said.

[chris08876]

NEW YORK | 101 Murray Street | 950 FT | 63 FLOORS

Revealed: 101 Tribeca, Downtown’s (Future) Tallest Residential Building :cheers:

http://www.yimbynews.com/wp-content/uploads/2014/06/101-Tribeca.jpg
http://www.yimbynews.com/wp-content/uploads/2014/06/101-Murray-Street.jpg
http://www.yimbynews.com/wp-content/uploads/2014/06/101-Murray-Street-3.jpg


YIMBY has the reveal for 101 Murray Street — aka 101 Tribeca — which is being developed by Fisher Brothers and The Witkoff Group. A tipster sent along the renderings, also confirming that the tower will become the tallest residential building in Lower Manhattan, surpassing both 56 Leonard and 30 Park Place; Kohn Pedersen Fox is the architect.

Previous renderings – apparently from a design competition — were deemed inaccurate, and thankfully so; KPF’s skyscraper will gracefully tower over its surrounds without a spaceship on top. The facade sweeps upwards from the base of the tower, culminating in a pointed pinnacle approximately 950 feet above the streets below.

The 63-story building will have 129 condominiums, with its entire floor area totaling 433,800 square feet. Ceilings will be palatial, and the glassy facade will offer sweeping views over Manhattan, New Jersey, and Long Island, enhanced by the tower’s relative isolation on the skyline.

Design-wise, 101 Tribeca bears semblance to 45 East 22nd Street, which is also a KPF project; both towers will expand as they rise, taking maximum advantage of allowed FAR by pushing their bulk where it is most profitable.
The project is removed from the heart of the Financial District, and it will become one of Lower Manhattan’s most prominent buildings, especially when viewed from the north. The 950′ figure may be approximate, and 101 Tribeca seems likely to approach the ‘supertall’ threshold of 1,000′; if the below rendering is correct, it may actually be slightly taller than the 977′ 150 Greenwich Street.

ending design changes at 22 Thames — which was supposed to rise 960′, but has now traded hands — 101 Tribeca will rank as the third tallest building Downtown, behind One World Trade Center and 150 Greenwich Street. Lower Manhattan’s boom is now raging, though the former St. John’s dormitory must be demolished before construction on KPF’s latest marvel can begin.
===================================
http://www.yimbynews.com/2014/06/revealed-101-murray-street-101-tribeca.html

[antinimby]

Very nice.

[Skyguy_7]

Looks a bit more promising than in the "rendering" at the top :haha: With this and 56 Leonard, downtown is really going to have some defining shapes.

[Hypothalamus]

Reminds me of Z15 being built in Beijing.


http://wordlesstech.com/wp-content/uploads/2011/02/z15-tower-the-tallest-building-in-beijing.jpg?w=640

[JayPro]

:drooling: :drooling: :drooling:
I'm patting myself on the back for deciding to look at these renders *before* drinking my coffeee.
This makes me wonder what "Shvotime" will bring forth........

[UrbanImpact]

Love the interesting top!

[scalziand]

Very slick, of course, it's not very likely that it will be the tallest fidi residential, given what we now know about 22 Thames.

[Perklol]

I actually like the UFO landing top from the previous architect. Oh well...

[Zapatan]

It's like 1100 feet in this rendering but whatever, still awesome!

http://www.yimbynews.com/wp-content/uploads/2014/06/101-Murray-Street-3.jpg

[599GTO]

I actually like the UFO landing top from the previous architect. Oh well...

You have low or nonexistent levels of taste.

[chris08876]

Hopefully the final product will reach a 1000 ft. A slight extension on the architectural element would make it a solid supertall.

[Perklol]

You have low or nonexistent levels of taste.

:rolleyes:

Anyway...

[tyleraf]

Very nice looking building. It will look nice on the Lower Manhattan skyline.

[Crawford]

Very slick, of course, it's not very likely that it will be the tallest fidi residential, given what we now know about 22 Thames.

Based on what we know right now, I don't think this will be more than the 4th tallest residential tower in Lower Manhattan.

22 Thames, certainly, then the Seaport-area supertall site now owned by Howard Hughes Corporation, and then 5 WTC.

Also, I think NY Yimby is slightly underestimating the height of 101 Murray. It looks around 1,000 ft. to me, but we'll have to wait for the official permit filings.

[NYguy]

NEW YORK | 101 Murray Street | 950 FT | 63 FLOORS

Revealed: 101 Tribeca, Downtown’s (Future) Tallest Residential Building :cheers:

http://www.yimbynews.com/wp-content/uploads/2014/06/101-Tribeca.jpg
http://www.yimbynews.com/wp-content/uploads/2014/06/101-Murray-Street.jpg
http://www.yimbynews.com/wp-content/uploads/2014/06/101-Murray-Street-3.jpg




It does look slightly taller than tower 4. Build it.


http://residencyinvest.com/101-tribeca-eb5-project-new-york/#



101 Tribeca – New York Eb5 Project

--------------------------------------------------------------------------------

Developed by two of the City’s most successful and respected real estate developers, 101 TriBeCa is a world-class 63-story, 433,800 square-foot luxury residential condominium tower. The building’s 129 units will rise to a height of 950 feet and its top-floor penthouses will offer 360-degree views of New York’s most coveted neighborhood, the Triangle Below Canal Street (TriBeCa) – downtown Manhattan. Due North of One World Trade Center, 101 Tribeca highlights the best aspects of New York City development: A team of leading developers, a world renowned architecture firm and projected sales and rental revenues that top the market.

Fisher Brothers: As a family-owned and multi-generational real estate investment company, Fisher Brothers is steadfast in its belief that uncompromisingly high standards are key to the partnership’s history of excellence. Having built, owned and managed more than 10 million square feet of Class A commercial space, the Fisher Brothers core portfolio of prestigious properties is evidence of this commitment. At the same time, the firm welcomes opportunities to collaborate with other major developers who share these same exacting standards. Whether as a joint venture or strategic partner, Fisher Brothers believes that prime location, high quality construction and strict attention to the needs and comforts of prominent corporate, retail and residential tenants is a winning formula.

The basic requirements for an EB-5 visa are: 1. The foreign applicant must independently establish a business OR invest into an existing business which was created or restructured after 19 November 1990; 2. The foreign investor is required to invest USD$1,000,000 into the aforementioned business ( or USD$500,000 when investing into a USCIS designated regional center); 3. The investment must create at least 10 Full-time jobs for legal U.S. residents or citizens. This website is intended for general information purposes only. All financial information and projections, as well as square footages are rounded numbers and should not be relied upon for exact statistics. This does not represent an offer or solicitation to buy or sell any security. Investments are available only to qualified investors via a confidential offering memorandum. Only the Regional Center webpage and materials can be relied upon and considered 100% accurate and lawful.


This one render isn't accurate...

http://residencyinvest.com/wp-content/uploads/2014/04/101-tribeca-view-from-room-residency-invest.jpg

[BStyles]

It does look slightly taller than tower 4. Build it.

Maybe from that crude rendering, yes, but considering this is 950 feet and Tower 4 is 977 feet, it's not.

[NYguy]

Maybe from that crude rendering, yes, but considering this is 950 feet and Tower 4 is 977 feet, it's not.

Which is why it only looks taller in that render. We don't know what the exact height is (they say 950 ft, but nothing is certain until permits are filed for final plans), or if in fact this is what will ultimately get built. But yeah, it does look taller in that rendering. Consider the last rendering, which obviously isn't accurate.

[Eidolon]

Demolition Permits Filed at 101 Murray – The Site of Downtown Manhattan’s Future Tallest Condo (http://www.6sqft.com/demolition-permits-filed-at-101-murray-site-of-downtowns-future-tallest-condo/)
PostedJuly 2, 2014
By Ondel Hylton

Demolition permits have been filed with the Department of Buildings for the tallest condominium building south of ‘Billionaires’ Row.’ The approximately 950-foot tower revealed by real-estate blogger YIMBY last month will house 129 condos within a dramatic champagne flute-like design by the architects Kohn Pedersen Fox Associates.

Tentatively named 101 TriBeCa, the uppermost floorplates increase in size to take greater advantage of views uptown and towards the river that most likely will remain unobstructed years to come due to restrictive zoning in TriBeCa and Battery Park City.

The 129 condos of 101 TriBeCa may face some stiff competition as Lower Manhattan continues to evolve at a record-setting pace. One block south of the Murray Street site, Ben Shaoul is bringing 161 condos to the upper floors of the former Verizon building at 140 West Street.


http://www.6sqft.com/wp-content/uploads/2014/07/101_Murray_St_C.png

[Submariner]

This and 1 Vanderbilt need new diagrams.

[Michael12374]

:previous: and manhattan west

[Eidolon]

:previous: and manhattan west

We don't have a final design for anything on that site and only the height of tower 3 (the residential) is known.

[Tectonic]

https://farm4.staticflickr.com/3922/14422568008_d4c85bc062_b.jpg
Copyright Tectonic

[surplusQ]

This along with 30 Park Place and 56 Leonard will help form a slope from the north towards the WTC. It's great to see this area being developed.

[NYguy]

mtay179 (https://www.flickr.com/photos/123845091@N04/15056155996/sizes/k/)

https://farm4.staticflickr.com/3896/15056155996_999f47e51e_k.jpg

[ILNY]

Prep for demolition has started.

https://farm4.staticflickr.com/3870/15110568351_e519e81f45_b.jpg


https://farm4.staticflickr.com/3918/14927003588_2a0b8c2a2e_b.jpg

[chris08876]

Permits Filed: 101 Murray Street, Tribeca’s Future Tallest Skyscraper

The Great Dummy Permit Frenzy of September 2014 has yet another applicant, though YIMBY already revealed the project earlier this year. The first filings are up for 101 Murray Street, between Murray and Warren in Tribeca; they list Goldstein Hill & West as the architect of record, and Fisher Brothers as the developer.

The permits indicate a height of 857 feet, which would be lower than figures attached to the renderings. DOB numbers also typically indicate the height to the highest occupied floor, rather than the actual roof, which could account for the discrepancy. The building’s 365,162 square feet of residential floorspace will be split between 139 residences, translating into a per-unit average of approximately 2,500 square feet.

Kohn Pedersen Fox is designing, and the tower’s actual height is likely closer to 950 feet. Its 62 stories will have a flute-like appearance, and levels 55-58 will have one unit apiece. The top four floors will be used for mechanical space, though the exact numbers and configuration may shift, pending amendments to the initial pre-building code-change filings. A 2,887-square foot retail component is also included on the ground level.
==================================
http://www.yimbynews.com/2014/09/permits-filed-101-murray-street-tribecas-future-tallest-skyscraper.html

[NYguy]

^ It could very well end up above 900 ft. We'll just go with what's on the permit for now until official heights are revealed

(aka 169 West Street)


http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=3&passjobnumber=122132110&passdocnumber=01



Building Height (ft.): 857
Building Stories: 66
Dwelling Units: 139

I'm assuming the extra 4 floors on the permit are the sub level floors, breakdown below...

http://a810-bisweb.nyc.gov/bisweb/JB2ScheduleAServlet?requestid=4&passjobnumber=122132110&passdocnumber=01&allbin=1001542

[Surrealplaces]

Very funky!

[chris08876]

If this was standing today, once all of the u/c finished, at the permit height (857 ft), it would be the 19th tallest in the city.

[NYguy]

http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=3&passjobnumber=140263596&passdocnumber=01

INSTALLATION OF ELEVATOR IN READINESS FOR FDNY USE BETAMAX 2000 LBS PMB SINGLE CAR PERSONNEL & MATERIAL HOIST.

[NYguy]

December 1 2014



http://www.pbase.com/nyguy/image/158435237/original.jpg



http://www.pbase.com/nyguy/image/158435238/original.jpg