NEW YORK | 551 10th Avenue | 610 FT | 53 FLOORS
Extell pays Catholic Church $16M for Hell’s Kitchen air rights
Plans 40-story residential tower on same block as Silverstein project August 10, 2012 04:00PM By Adam Pincus http://therealdeal.com/wp-content/up...08/10thave.jpg "Gary Barnett’s Extell Development has acquired a large amount of development rights, which it will use to increase the size of a little-noted residential tower project in the neighborhood, for $16.46 million from a Roman Catholic Church in Hell’s Kitchen. Barnett’s company bought nearly 140,000 square feet in air rights from the Roman Catholic Church of Saint Raphael, located at 502 West 41st Street, near 10th Avenue, on July 31, city property records published today show. The developer is planning to build a residential tower of more than 40 stories on the west side of 10th Avenue between 40th and 41st streets, just to the east of the church, Barnett, the company’s president, told The Real Deal. The new tower will extend over some portion of the church’s property by way of a cantilevered structure, the city records show, but did not say exactly how far. ... The Barnett project is on the same city block, and just to the east, of a proposed residential tower that Silverstein Properties is building — only separated by a mid-block access road for the Lincoln Tunnel. Silverstein’s project, at 514 11th Avenue, was first reported by TRD, and is in the early stages of planning..." |
NEW YORK | 537 10th Avenue | FT | 40+ FLOORS
http://therealdeal.com/blog/2012/08/...en-air-rights/
Extell pays Catholic Church $16M for Hell’s Kitchen air rights Plans 40-story residential tower on same block as Silverstein project http://therealdeal.com/wp-content/up...08/10thave.jpg August 10, 2012 04:00PM By Adam Pincus Quote:
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Nice, Extell just owns right now...
Btw yankeesfan1000 opened a similar thread, I think they should be merged together. See here: http://forum.skyscraperpage.com/showthread.php?t=200882 |
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I passed by this site a few weeks ago and there was pilling equipment on site. It totally slipped my mind, but I'll head back up this week.
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From RW on SSC:
"They filed a permit on 18 Jan. The tower will be 556 feet tall, and SLCE is the architect." |
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And this will be a big, bulky tower. I wonder if it will be twin towers or something, because we're talking some serious square feet. |
Extell Plans 600-Unit Rental Tower on 10th Avenue
Wednesday, January 23, 2013, by Jessica Dailey http://ny.curbed.com/uploads/extell-10th-avenue.jpg "... in a 600-unit rental tower, according to the Journal. The building will be more than 40 stories, and about one-fifth of the units will be reserved for low-income renters. Extell did not purchase the land it's building on, but instead secured a 99-year lease from the landlord, the estate of Sol Goldman. The developer expects to break ground this spring, helping the West Side continue its transformation into one massive construction site." |
Disappointed that this tower won't be taller.
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That's a decent height for that location.
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http://www.nytimes.com/2013/04/21/re...anted=all&_r=0
By C. J. HUGHES April 19, 2013 Quote:
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There are several young professionals I work with that reside in Hell's Kitchen - I can easily see why it will become a hotbed for rentals over the next few years, and beyond.
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Still no action here yet, but looks ready to get started:
http://farm3.staticflickr.com/2815/8...35cc4f97_o.jpg http://farm4.staticflickr.com/3805/8...3d153dc3_o.jpg |
The developer hasn't broken ground this year as the article states. Is the 'future' 7 subway station getting in the way of this project?
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Has anyone even past the site recently? Its possible that excavation has even started... last I saw, things looked ready to go.
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Excavation has not started yet but construction equipment is on site now.
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"... in a 600-unit rental tower, according to the Journal. The building will be more than 40 stories, and about one-fifth of the units will be reserved for low-income renters. Extell did not purchase the land it's building on, but instead secured a 99-year lease from the landlord, the estate of Sol Goldman. The developer expects to break ground this spring, helping the West Side continue its transformation into one massive construction site." Of course, the keyword is "expects". :???: |
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