New York Supertalls

[chris08876]

True. Even with 6-12 floors, just projects either proposed, u/c, or im demo, I managed to have 24 full pages, over 650 different projects in that floor range just from early 2014 to today in the mid rise thread. These being projects that are just from 2014 to now. Amazing year its been. The thing is, some are obviously missing but usually without renderings. I'd say add a good 10 percent or so to that roughly 650-680 of the ones in the thread with info/renderings. Higher number due to the 1st couple of projects having several in just one post.

I can;t imagine the effort to document Shenzhen midrises. I'd have to get a degree in advanced Chinese to get it all lol.

[hunser]

CTBUH Global News: http://www.ctbuh.org/

Thirteen Major Developments to Drastically Alter the Jersey City Skyline
Jersey City, United States – 19 February 2015

New Jersey has recently seen an uptick in new residential construction, especially along the northeastern coast in Jersey City.

Developers told NJ Advance Media that the increase is largely due to the improved economy and the desire of younger generations to be closer to New York City and mass transit.

This is evident in Jersey City's Journal Square, which is seeing renewed interest among developers. Journal Squared is a planned three-tower project that will bring 1,840 units to the area. The city could also soon be home to the tallest building in the state -- a 990-foot (302-meter) tower planned for 99 Hudson Street.

1. The Modern: The first tower – 47 stories – started leasing in October 2014. The second will be built later in 2015. SJP Properties is the developer of the $500 million Fort Lee-based project.

2. Journal Squared: KRE Group broke ground in October 2014 on the first of three towers planned for property between Magnolia, Pavonia and Summit Avenues in Jersey City. The tallest tower of the $666 million project is expected to reach 70-stories.

3. One Journal Square: Kushner Companies and KABR Group announced in January 2015 that it had purchased the vacant One Journal Square in Jersey City. No additional details of the project have yet been released.

4. URL Harborside: Mack-Cali Realty Corporation and Ironstate broke ground on this 69-story residential tower on the Jersey City waterfront in January 2014. The $291 million project is expected to be completed by mid-2016.

5. Trump Bay Street: This 50-story residential tower is the second phase of a project that started with Trump Plaza. Kushner Companies and KABR Group broke ground on the project in May 2014. The project is estimated to cost $215 million.

6. 30 Journal Square: Kushner Companies and KABR Group plans a 40-story residential tower for the former Jersey Journal headquarters. Projections on the project's costs are not yet available.

7. Hoboken rail yards: A baseline 2.2 million-square-foot (200,000-square-meter) mixed-use project is planned for the NJ Transit rail yards. The city recently approved a redevelopment plan for the project. The plan calls for office buildings reaching a maximum of 22 stories tall – 24 if LEED certification is met. Residential buildings would be up to 13 stories tall under the proposed plans.

8. 900 Monroe: Bijou Properties broke ground on this $83 million project in April 2014. The 11-story apartment building is located in Hoboken and is slated to open later in 2015.

9. Park and Garden: This $131 million project broke ground in May 2013. The 12-story development by Bijou Properties is located on Park Avenue in Hoboken.

10. 99 Hudson Street: China Overseas America is expected to begin construction on a 950-foot (290-meter) tower at 99 Hudson Street in Jersey City in spring 2015. The building would be the tallest in the state.

11. HAP Tower: Located at 500 Summit Avenue in Jersey City, this $400 million tower could rise as high as 42 stories.

12. 3 Journal Square: Hartz Mountain and Joseph Panepinto plan to build a $73 million apartment building at 3 Journal Square in Jersey City.

13. M2: Developers Mack-Cali, Roseland, and Garden State Development Inc. broke ground on this $200 million project in Decembers 2013. The 38-story residential building on Washington Street is expected to be ready in 2016.

JC is on fire!

[MolsonExport]

Wow, just wow! JC will provide a counter wall to Manhattan, rendering the Hudson River channel a canyon.

[hunser]

Originally Posted by MolsonExport

Wow, just wow! JC will provide a counter wall to Manhattan, rendering the Hudson River channel a canyon.

Yeah, Lower Manhattan will be flanked by two great skylines: Downtown Brooklyn and Jersey City, both experiencing a boom. A supertall is already in the making in JC, now we need one in DTB too.

[chris08876]

Whats really impressive is the change to LIC.



Anybody who's been to the area knows how dominating One Court Square is. To see all these future neighbors will be dramatic for the area. These are tall too, and has some serious height over DoBro in a sense.

In terms of JC, whats nice about it is the length of the skyline. It has great coverage all along the river. Journal Square will add some depth to it, and make it really standout especially from Newark. With that said, Newark is the obvious candidate for large developments too. I hope it accelerates in tower construction.

[hunser]

^ Yep, LIC is also on the CTBUH Global News: http://www.ctbuh.org/News/GlobalTall...-US/view.aspx#!

Skyscraper Pair Coming to Long Island City in New York

While still unclear if the towers will contain rentals or condos, they will rise from a hotbed of development activity in Long Island City.

[chris08876]

I found this extremely informative investing/economic/real estate publication for 2014/15 for global cities. NYC is mentioned a lot, and usually leads number one.

Here is the table of contents to get an idea and the introduction. PDF is in red link.

PDF: http://www.scribd.com/doc/242974869/cwis

INTRODUCTION

This report has been prepared by the Research and Capital Markets teams at Cushman & Wakeeld to identify the winning cities in today’s international real estate investment market. The executive summary looks at the largest and fastest growing cities in investment terms and the differences in pricing, as well as demand and activity between sectors.

After identifying today’s winning cities, the report goes on to look at some of the fundamental drivers of city performance, impacting now or in the near future, and considers how the pattern of winning cities will change and evolve going forward. The nal section of the executive summary provides a range of contact points for Cushman & Wakeeld Research and Capital Markets globally. New this year, we have highlighted the driving trends and performance indicators of cities for each property sector and each global region – including the Hospitality, Industrial, Ofce, Retail and Residential sectors, as well as the Asia Pacic, EMEA, Latin America and North America regions – and presented these in a visual one-page handout, all of which address the question of what makes a winning city.While every effort has been made to provide comparable and robust city level data, denitions used in different sources will necessarily vary, with regard most notably to the geographical scope of the city or metro area. Such potential differences must be borne in mind when comparing data items. For further information on this or other matters, please contact the authors in the Cushman & Wakeeld Research or Capital Markets teams.

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

The Market in Summary
2
The Market Ahead
2
The Winning Cities
3
Market Pricing
4
Trends by Sector
4
International Investors
5
North America
6
Latin America
8
Asia Pacic
8
EMEA
9
Drivers of City Success
9
The Factors Driving Global City Real Estate Markets
10
City Winners
12
Market Power
12
A Ranking of Markets
13
A Strategy to Invest
14
City Targets for Investment in 2015
15
Global Yields
17
Investment Volumes
18
Research Services / About the Report
20
Capital Markets Services
21
Global Capital Markets Contacts
22

= = = = = =

Originally Posted by hunser

^ Yep, LIC is also on the CTBUH Global News: http://www.ctbuh.org/News/GlobalTall...-US/view.aspx#!

Wow, more than two dozen they say. Crane city essentially for 2015 onwards. Down the line, the Sunnyside Yard should form a nice stretch of high rises connecting LIC. This is way in the future, but for now, its nice to think about what may be. A dense LIC with a skyline that lines the river, but also goes inwards towards the East. Its as Midtown East is spilling over and marching east!

[chris08876]

CTBUH on supertalls in North America and Asia.

• Video Link
CTBUH
Feb 23, 2015

[hunser]

^ Very nice, both the vid and the pdf.

http://nypost.com/2015/02/25/hitting...wers-of-power/

Hitting new heights: Midtown’s most coveted towers of power

By Adam Bonislawski
February 25, 2015

New York real estate’s new number to beat? One hundred million dollars.

That was the closing price in December for an 11,000-square-foot duplex penthouse at Extell Development’s One57 condo building.

Handily setting the record for the city’s most expensive single-family-home sale, the deal served as a reminder of Midtown Manhattan’s place at the white-hot core of New York’s luxury housing market.

And with a veritable forest of 1,000-plus-foot-tall residential high-rises sprouting in the area, things are certain to stay scorching.

Indeed, the asking price for a new 21,504-square-foot triplex penthouse in the iconic Sony building at 550 Madison Ave. was just revealed as $150 million. For one apartment.

The rise is inevitable, notes Steven Rutter, director of Stribling Marketing Associates: “If you look at New York City as the center of the universe — Midtown is the center of New York City.”

A trend of superluxury residential high-rises like including 432 Park Avenue are sprouting in Midtown are drawing the world’s wealthiest buyers to NYC.
Along with its 1,004-foot-high, 94-unit One57, Extell has started construction on the 1,775-foot-tall Nordstrom Tower, just down the way at 225 W. 57th St. Macklowe Properties, meanwhile, is putting the finishing touches on its 1,396-foot-high, 104-unit 432 Park Avenue condo tower, where a penthouse is in contract for $95 million. A few blocks south, the 1,058-foot-tall, Jean Nouvel-designed 53W53 tower is prepping for a spring sales launch.

And back on the 57th Street corridor, JDS Development Group and Property Markets Group are at work on 111 West 57th Street, which is slated to be one of the tallest condo buildings in the world, at 1,421 feet high, and also one of the skinniest.

Developer ambition, starchitect power and global demand have turned Midtown into one of the most coveted residential neighborhoods in the city, and, by extension, the world.

“In the next two months, I’m off to São Paulo, Beijing, Hong Kong, Delhi, Rome and Paris, and they all want to buy in New York,” says Lee Summers, senior global real estate advisor at Sotheby’s.

.....“These sites just don’t come into existence overnight,” says Anthony Mannarino, executive vice president for Extell. “There were a number of parcels we had to assemble. We had to move tenants, relocate businesses and so forth. But [Extell president] Gary [Barnett] had a vision that if you could assemble the sites and assemble the air rights, you could have unprecedented views of Central Park.”

Extell wasn’t alone. In fact, in the case of its follow-up, super high-rise Nordstrom Tower, the company’s vision ran smack against another developer’s lofty Midtown dreams. Vornado Realty Trust’s original plans for its 950-foot-high condo tower at 220 Central Park South threatened to obstruct the Nordstrom building’s all-important park views. In an effort to block the development, Barnett and Extell purchased the lease to a parking garage Vornado needed to tear down in order to build.

The two parties eventually settled, with Vornado paying Extell $194 million for the garage and related rights, and both developers agreeing to shift their buildings slightly so each would have a view onto Central Park.

Extell wasn’t the only developer with a bone to pick with 220 CPS. As author Michael Gross reported last year, the Zeckendorfs were none too pleased with how similar initial renderings for the Robert A.M. Stern-designed building were to their 15 CPW, also created by Stern.

The brothers, meanwhile, have their own Stern-designed, 15 CPW copycat underway at 520 Park Avenue.

The limestone-clad, 54-story, 31-unit condo tower is scheduled for completion in 2017 and includes a 12,394-square-foot triplex penthouse priced at $130 million, which could shatter One57’s $100.5 million record.

[hunser]

111 Murray is 857' according to DOB documents: http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01

[NYguy]

SHoP has confirmed 4 supertalls in the works, only one of which is publicly known - 111 W. 57th. The other three are the High Line, Brooklyn, and Lower Manhattan.

[hunser]

^ Very interesting. I know of their DoBro and 80 South St projects, but the High Line? Did I miss something?

Damn, we are getting so spoiled.

EDIT: I got it, it has to be 360 10th Ave.

[photoLith]

I need renderings of the Manhattan skyline of all these proposed and being built towers, I demand it!

[hunser]

Originally Posted by photoLith

I need renderings of the Manhattan skyline of all these proposed and being built towers, I demand it!

Well, you'd need a new rendering every other day.

[NYguy]

Originally Posted by hunser

^ Very interesting. I know of their DoBro and 80 South St projects, but the High Line? Did I miss something?

Damn, we are getting so spoiled.

EDIT: I got it, it has to be 360 10th Ave.

Correct!

He also mention about 10 towers in total around the city that would be taller than the Empire State. You can list those in order, and see what we are missing, if anything.

Originally Posted by photoLith

I need renderings of the Manhattan skyline of all these proposed and being built towers, I demand it!

This is the closest we have seen, from cityrealty.com.

This is the NY Post version...

[C.]

I spy an approved supertall, east of the Hudson, missing in that photo.

[hunser]

Originally Posted by NYguy

Correct!
He also mention about 10 towers in total around the city that would be taller than the Empire State. You can list those in order, and see what we are missing, if anything.

Well, for now ...

1. One World Trade Center, 1,776ft (541m), [roof 1,368ft / 417m]
2. 217 West 57th Street, 1,775ft (541m) [roof 1,490ft / 454m or 1,550ft / 472m]
3. One Vanderbilt Place, 1,514ft (461m) [roof 1,414ft / 431m]
4. 111 West 57th Street, 1,421ft (433m)
5. 432 Park Avenue, 1,397ft (426m)
6. 125 Greenwich Street, 1,356ft (413m)
7. Two World Trade Center, 1,349ft (411m) [roof 1,270ft / 387m]
8. 30 Hudson Yards, 1,287ft (392m)
9. Empire State Building, 1,250ft (381m), [antenna 1,454ft / 443m]

The Hudson Spire and Shvo's Central Park Tower could yield two 1,300 footers. Or even Manhattan West ...
A solid 1,600 footer to the roof would be great.

Originally Posted by CIA

I spy an approved supertall, east of the Hudson, missing in that photo.

. That rendering is not bad, although it's missing a couple of projects like 56 Leonard, some HY towers, LIC etc.

[NYguy]

Originally Posted by hunser

Well, for now ...

1. One World Trade Center, 1,776ft (541m), [roof 1,368ft / 417m]
2. 217 West 57th Street, 1,775ft (541m) [roof 1,490ft / 454m or 1,550ft / 472m]
3. One Vanderbilt Place, 1,514ft (461m) [roof 1,414ft / 431m]
4. 111 West 57th Street, 1,421ft (433m)
5. 432 Park Avenue, 1,397ft (426m)
6. 125 Greenwich Street, 1,356ft (413m)
7. Two World Trade Center, 1,349ft (411m) [roof 1,270ft / 387m]
8. 30 Hudson Yards, 1,287ft (392m)

I still think something is missing or we just don't know about it yet. Obviously SHoPs other towers would fit in if in fact they would be taller than the ESB.

Listen at around 12:20

http://sma.sciarc.edu/video/gregg-pa...ver-ever-dont/

[hunser]

Originally Posted by NYguy

I still think something is missing or we just don't know about it yet. Obviously SHoPs other towers would fit in if in fact they would be taller than the ESB.

Listen at around 12:20

http://sma.sciarc.edu/video/gregg-pa...ver-ever-dont/

Got it, I must have skipped that part.

But the remarkable thing is there are 10 buildings planned and basically funded and under construction in New York that are taller than the Empire State Building ... that will all be built in the next 5 years. The skyline of the city is radically changing.

Sure sounds intriguing!

[mgalka]

This chart (from this post) shows how the record for most expensive apartment has changed since 2000. It's crazy how much it has spiked since 2012, and with these supertowers opening in the next few years, it seems likely to get even crazier.