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Old Posted Feb 2, 2015, 4:47 PM
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gttx gttx is offline
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Join Date: Nov 2005
Location: New York, New York
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Quote:
Originally Posted by Crawford View Post
With 300,000 square feet to work with, small floorplates, no height limit, and 15 CPW blocking park views across the street, one would think they will go very tall and skinny.

The value is in the Central Park views. Need to go taller to take advantage of those killer views.
Although there is technically no “height limit” in the Lincoln Square District (of which this block is a part), there is kind of a de facto downward pressure on height due to two specific features of the district:
1) 60% of the floor area of the building must be below 150’
2) The footprint of a tower must be between 30% and 40% of the site area

Given those parameters, the building will be constrained in terms of its height. If the site can indeed support 300,000 SF of development, that means only 120,000 SF (40%) of that can be above 150’.

My guess from Google Earth is that the site is about 20,000 SF, so the minimum tower footprint would be 6,000 SF (30% of that). That means we are only looking at 20 floors at 6,000 SF each above 150’. Even if they were crazy tall (432 Park-style) 15’ FTF, that would be 300’ in the tower for a total height of 450’.

The Danny Forster renderings are interesting, but they only achieve 600-700’ by including a giant mechanical level in the tower to push the residential portion higher without consuming floor area. Plus the FTF height on the units must be insane…like 20’+.

Not to be a downer about this, but we probably won’t see something very tall here. Super high-end? Yes. But not tall.