NEW YORK | 1150 6th Ave | FT | 38 FLOORS

[RobertWalpole]

This appears to be the midblock site between 44th and 45th Sts. It's a decent little building, but other sites on this part of 6th -- particularly on the northeast and southeast corners of 47th warrant development more than this. Hopefully, Moinian will not get control of the nice building adjacent to this on the north side.

Hopefully, Morris Moinian will aim a little higher for his project than his brother, Joseph, does.

http://online.wsj.com/article/SB10001424052970204791104577110720885400142.html?mod=WSJ_NY_LEFTThirdStories

NY REAL ESTATE COMMERCIAL

DECEMBER 21, 2011

Moinian Wins Midtown Site

By LAURA KUSISTO

Luxury hotel developer Morris Moinian has big plans for a development site near 44th Street and Sixth Avenue in Midtown.

Mr. Moinian has purchased the Pan American Magazine Building at 1146-1150 Sixth Ave. in an off-market transaction. He plans a $140 million development, with a 35-story building of roughly 140,000 square feet that could be either a luxury hotel or office building.

Mr. Moinian also plans a major retail component for the site, at the nexus of two prime shopping districts—Times Square and Rockefeller Center. He said he would consider turning the site into a department store.

"It's a golden location," said Mr. Moinian in an interview. "Locations like this do not come by often. Even if they do come by…there is a long list of people" to buy them, Mr. Moinian said.

An Iranian immigrant, Mr. Moinian started out as an apparel manufacturer and began buying small apartment and office buildings in the 1980s, while in his 20s.

His older brother, Joseph Moinian, bought a number of trophy properties during the recent boom.

The younger Mr. Moinian has kept a lower profile, while quietly amassing a portfolio of more than 2,000 hotel rooms. In New York, he recently built the 122-room Indigo Chelsea, which is part of the Intercontinental Hotel Group, and a new boutique hotel in Hudson Square, which is presently under development.

While there has been little new development in prime Midtown spots, Houston-based Hines plans a 28-story tower overlooking Bryant Park at Sixth Avenue and 40th Street. In addition, Thor Equities' Joseph Sitt plans a mixed-use complex at Fifth Avenue and 43rd Street, which he says will be 350,000 square feet and include a retail component.

Mr. Moinian declined to disclose what he paid for the Sixth Avenue site. The property has been owned by a private real-estate family for more than 50 years.

Write to Laura Kusisto at laura.kusisto@wsj.com

[Crawford]

A 35 floor office building would be around 500 ft. or so, assuming the standards of recently constructed Manhattan office buildings. Maybe a little taller.

I certainly hope Moinian hires a top architect. This is a very prominent location.

[NYguy]

...with a 35-story building of roughly 140,000 square feet that could be either a luxury hotel or office building.

With that square footage, I doubt it would be 35 floors of office.

[NYC2ATX]

Amazing all the new developments continuorsly coming out of the woodwork. I praise the skyscraper gods and goddesses. :worship:

Mr. Moinian has purchased the Pan American Magazine Building at 1146-1150 Sixth Ave. in an off-market transaction. He plans a $140 million development, with a 35-story building of roughly 140,000 square feet that could be either a luxury hotel or office building.

Mr. Moinian also plans a major retail component for the site, at the nexus of two prime shopping districts—Times Square and Rockefeller Center.

He said he would consider turning the site into a department store.


I hope you're listening Nordstrom, this could be your golden opportunity. ;)

[RobertWalpole]

This building has a very small footprint, so I don't think that it can accomodate a Nordstrom.

[Hypothalamus]

http://fortunarealtygroup.com/wp-content/uploads/2012/12/logo2.png (http://fortunarealtygroup.com/portfolio/1150-avenue-of-the-americas/)

1150 Avenue of Americas (the Pan American Magazine building) is currently a 8-story office and retail building. Current use will maintain as such. However, the asset is also in the design and pre-development phase for a 37-story, 5-star luxury hotel that will be developed in several years.

http://205.186.144.212/wp-content/uploads/2012/12/1150A.jpg

http://205.186.144.212/wp-content/uploads/2012/12/1150C.jpg
Fortuna Realty Group (http://fortunarealtygroup.com/portfolio/1150-avenue-of-the-americas/)

[Busy Bee]

Nineteen Sixty Eight

[yankeesfan1000]

Looks like the Park Lane Hotel. Great.

[JayPro]

I always somewhat liked PL's design (past tense because of IIRC news of its impending demolition.); but this "redux" of sorts makes it better. The top section does well in increasing the verticality. It shall remain to be seen if any of the materials used will try to not make it look dated.

[chris08876]

The title should be changed to reflect the new stats (Post #6):

NEW YORK | 1150 6th Ave | FT | 37 FLOORS

http://www.yimbynews.com/wp-content/uploads/2014/08/1150-A.jpg
Credit: Fortuna (1150 Avenue of the Americas)

[chris08876]

Ismael Leyva to design Fortuna’s new Midtown Hotel

Morris Moinian’s Fortuna Realty Group has selected Ismael Leyva Architects to design its new Midtown hotel at 1150 Sixth Avenue.

The 40-story, 300-key hotel, which has yet to be named, will total 162,000 square feet and include penthouse and lower-tower suites with “expansive” rear terraces, Fortuna announced Monday.

The project, located between West 44th and West 45th Streets, will also feature a rooftop bar with 360-degree views and garden terraces. The ground level will house a lounge, bar and “marquee” restaurant while the second floor will include a ballroom.

Moinian purchased the site of the former Pan American Magazine Building for $39 million in 2011. The developer opened the 122-key Hotel Hugo in Hudson Square last year.
==============================
http://therealdeal.com/blog/2015/05/04/ismael-leyva-to-design-fortunas-new-midtown-hotel/

[chris08876]

Leyva-designed 1150 Sixth Avenue will climb 38 stories, hold 310 rooms

http://s11.therealdeal.com/trd/up/2015/10/1150-Sixth-Ave-rendering1.jpg

Developer Morris Moinian’s Fortuna Realty Group officially filed plans Thursday for his Ismael Leyva-designed hotel at 1150 Sixth Avenue in Midtown with a few slight revisions to the project’s size and scale.

The 310-key hotel will reach 38 stories and span more than 138,000 square feet, according to permit applications filed with the Department of Buildings.

Amenities are to include a guest spa and lounge area on the lower floors, as well as offices and meeting rooms. There will also be a restaurant, lounge and outdoor area on the ground and cellar levels, while the second floor will house a ballroom.

Rooms will start on the fourth floor, which will hold six guest rooms. There will be 10 hotel rooms on each of the fifth through 34th floors and four penthouse suites – which are expected to feature “expansive” rear terraces — on the 35th floor. A rooftop bar with garden terraces will top off the 36th floor.

The filing shows somewhat different plans than expressed by Moinian earlier this year, when he announced that Leyva would be designing the building. At the time, Fortuna said the building would climb 40 stories and total 162,000 square feet. Initial renderings for the project released last year, meanwhile, indicated the hotel would stand 37 stories.

Moinian purchased the site of the Pan American Magazine Building for $39 million in 2012. Fortuna filed demolition permits for the eight-story building in May.

In the spring, Fortuna announced it had partnered with Starwood Hotels & Resorts on the 180-key Aloft New York Midtown hotel at 25-27 West 38th Street. The hotel, designed by Nobutaka Ashihara Architects and Paul Venga of VLDG, is slated to open in October 2017.
=====================
http://therealdeal.com/blog/2015/10/08/moinians-fortuna-realty-files-plans-for-new-midtown-hotel/#sthash.qRNjRvRE.dpuf

[timpdx]

Why is a circa 1965 rendering appearing as a new project on SSP?

[CityGuy87]

Looks like a much nicer version of the soon-to-be demolished Park Lane Hotel.

[Busy Bee]

I dunno, they're promising wavy glass so it could be good.

[chris08876]

Midtown building partially collapses, killing one

http://www.crainsnewyork.com/apps/pbcsi.dll/storyimage/CN/20151030/REAL_ESTATE/151039991/AR/0/AR-151039991.jpg

Several midtown offices were evacuated Friday morning surrounding the site of a fatal partial building collapse on West 38th Street.

Authorities said one construction worker was killed and another injured around 10:30 a.m. during the demolition of a building at 25 West 38th St., between Fifth and Sixth avenues, which was being razed to make way for a hotel.

Workers and business owners concerned about residual damage to neighboring buildings, such as ruptured gas lines, left their offices as firefighters attempted to extricate the remaining worker from the rubble.

Developer Fortuna Realty Group, which purchased the building in 2012 for a reported $12 million, told The New York Times it had no comment and was still looking into the incident. The hotel, Aloft New York Midtown, was set to open in May 2018 as part of the Starwood Hotels and Resorts Worldwide portfolio.

“We mourn the senseless and needless death of a construction worker at the West 38th Street construction site," said Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York in a statement. "Tragedies like this have become all too common as irresponsible developers and contractors increasingly put their bottom lines ahead of the safety of workers. Construction can be a dangerous occupation and we demand action to ensure all workers receive the same work-site protections and rigorous training our union workers receive."

Jonathan Miller, head of appraisal firm Miller Samuel, works next door to the building, and said that the construction workers had been tearing at the building for days with a small front loader and dumping the debris into roll-off garbage containers out front.

"You could hear the sound of large pieces of concrete being dropped into these things constantly," he said.

qmEmE3Whlvc

==========================
http://www.crainsnewyork.com/article/20151030/REAL_ESTATE/151039991/midtown-building-partially-collapses-killing-one

[chris08876]

Delete

[Submariner]

Why are many of these hotels set back the way that they are?

[antinimby]

^ It's a way to work around the NYC zoning codes (sky exposure plane and set back requirements) while trying to maximize the hotel's layout efficiency.

In other words, to build as cheaply as possible while still meeting zoning requirements.

[Busy Bee]

^And a ridiculous unintended consequence of the code that should have been rectified YEARS AGO once the city could see how stupid the affects were. If a McSam special is going up in the Garment District or something, and the lot is between two 12 or 15 floor pre-war brick structures for example, the first 12-15 floors of the new tower should be flush with its' neighbors. ITS PRETTY FREAKING SIMPLE. I cannot believe we're still dealing with this shit. Sky plane be damned, USE COMMON SENSE!!! and a basic rule of thumb... Instead of preoccupying themselves with lopping off a couple hundred feet of a Jean Nouvel masterpiece, the Amanda Burden's of the city gov should have gone to work plugging this absurd oversight that is detrimental to urban design.

[antinimby]

^ Government only really responds to complaints and you know the only people that will take the time to complain to their representatives are people that are against something, which in most cases is a development they are threatened by its imposing height or size.

These eyesore hotels are generally not very big or tall so no one complains about them. That's why the Tower Verre's of the world, with their size and prominence will always attract the attention of the haters.

[chris08876]

We have a height mods! :cheers:

Also note the change from 38 floors to 41 floors.

NEW YORK | 1150 6th Avenue | 426 FT | 41 FLOORS

= = = = = = = = = =
= = = = = = = = = =

1150 Sixth Avenue: Midtown Hotel Designed by Ismael Leyva Gets New Design

https://ds3.cityrealty.com/img/fcc45e3a9799dfed6182cec3814a48310b84ef80+1024++0+60/1050-sixth-avenue.jpg

https://ds2.cityrealty.com/img/3596eacadad8daccf20df66419566cf82c251507+1024++0+60/1150-sixth-avenue-0455.jpg

The 100-year-old Pan American Magazine Building at 1150 Avenue of Americas is now a distant memory, and to take its place will be a 41-floor, 5-star hotel developed by Fortuna Realty Group. Led by Morris Moinian (brother of prolific developer Joseph Moinian), Fortuna purchased the Midtown development site in 2011 for $39 million, and only began the work of demolishing the 8-story loft building last year.

Now-approved construction permits were filed by the high-rise gurus of Ismael Leyva Architects (ILA). They call for a 426-foot-tall tower with 310 hotel suites inside. The construction square footage has grown a bit since permits were first submitted in 2015. It is now 195,807 square feet — up from 162,000. Additionally, a newly-published rendering on ILA's website shows the design has been revised from a Post-Modern, Park Lane Hotel-like appearance to a subdued glass skin with diamond motifs at its base and lot-line walls. ILA's page knights the inn the Kingsley Hotel. There will be an average of 10 rooms per floor on levels 6 through 37, a lounge, restaurant and ballroom at the base; and a rooftop bar and outdoor terrace on the 38th floor.
======================
City Realty (https://www.cityrealty.com/nyc/market-insight/features/future-nyc/1150-sixth-avenue-midtown-hotel-designed-ismael-leyva-gets-new-design/15291)

[Dac150]

Ah ok, was wondering about that gap. Decent infill I guess.

[Prezrezc]

Perhaps it'll be decent at street-level at least. The construction materials looking anything better than the render portrays will answer that.

I'm not one to be a "box bitcher"; but this makes me repent of that somewhat.

I mean, could he have done more on the vertical aspect? Is there a limit on this stretch of AotA's?

[Busy Bee]

The height is fine. My bitchy gripe remains the same... another ugly setback which exposes the unfinished side walls of the neighboring buildings that will probably never be addressed. They are ugly and the code should take this epidemic into consideration. Even the render artist knows it sucks because they photoshop'd in a cornice that wraps around the corner as if the inside facade is finshed like the front. In reality the short building has no such cornice wrapping around the corner and the glass building next door has a huge blank wall facing the lot. It sucks.

[chris08876]

Developer Morris Monian scraps plan for luxury hotel at 1150 Sixth Ave. :(

Developer Morris Moinian has checked out of a longstanding plan to build a luxury hotel at 1150 Sixth Ave. at a time when the city’s room-surplus problem only continues to worsen.

Moinian’s Fortuna Realty tapped a JLL team led by Bob Knakal to sell the midblock site, now an empty lot, on the avenue’s east side between West 44th and 45th streets. It was a surprise, as Moinian, who filed plans for the project five years ago, told us in October that he was almost ready to build.

Knakal called it a “great development site with approved plans to build a hotel there which a new owner could use or not.”

He said Fortuna is hoping for a sale “in the mid-$90 millions or north of $600 per square foot.” Several offers have already come in, he said. Moinian bought the site in 2012 for $39 million.

Knakal said that zoning allows a number of possible uses at the location, including a “combo hotel-retail project or a boutique office building.”

Sixth Avenue is on a roll from 34th Street to Central Park South, with the lowest office vacancy rate of any major commercial corridor and several new hotels, stores and showrooms either open or soon to come.

Moinian’s planned hotel, designed by Ismael Leyva, was to rise 26 stories or 426 feet and have 310 suites, as well as a restaurant, ballroom, rooftop bar and terrace. Plans were approved by the Department of Buildings four years ago.
=======================
https://nypost.com/2020/03/16/developer-morris-monian-scraps-plan-for-luxury-hotel-at-1150-sixth-ave/

[PhyllisJerry2]

Honestly, good riddance. These setback hotels are an embarrassment to the city.