NEW YORK | 45 Broad St | FT | 52 FLOORS | ON HOLD

[antinimby]

JUST SAY NOBU


http://www.nypost.com/seven/05082008/photos/re049a.jpg
GLASSY CHASSIS: The Nobu tower will rise
at 45 Broad St.


May 8, 2008 (http://www.nypost.com/seven/05082008/realestate/just_say_nobu_109842.htm) -- Here is a first look at the planned Nobu Hotel and Residences in the Financial District, which will rise in a 62-story glass tower at 45 Broad St.

Kent Swig of Swig Equities has announced that the nearly 650-foot structure will include 77 "super-luxury" condos on floors 41 through 62, as well as a 128-room hotel and approximately 13,000 square feet of retail space on the ground level and second floor. There will be a Nobu restaurant on the third floor.

David Rockwell and the Rockwell Group have designed the interior, while the firm of Moed de Armas & Shannon designed the glass exterior with oblique curves. There will be a six-story base with a transparent glass facade.

The eco-friendly building will include a health club and spa, open to both residents and hotel guests, with an indoor pool and outdoor sun terrace.

Partners in the project include Robert De Niro, Nobu Matsuhisa, Richie Notar and Meir Teper. Drew Nieporent is also a partner in the restaurant.

Copyright 2008 NYP Holdings, Inc.

[antinimby]

Here are a few pics I took of the site last fall...


http://img208.imageshack.us/img208/839/img0063tb3.jpg http://img517.imageshack.us/img517/8194/img0060zy1.jpg

http://img296.imageshack.us/img296/2636/img0064hu9.jpg

[Crawford]

The height is wrong. Per DOB, it's 709 feet.

[chex]

nice, sleek tower...
how they do to build in such a small lot... deep foundation??
very nice! love this kind of towers!
do you have a pic of the area?? or the skyline around?

[Scruffy]

Sweet Moses!! I love these out of the blue towers. Narrow towers is the trend this past year. Sky House, 785 8th Ave, Saya, and 50 West. Fantastic

[Dac150]

These just keep coming and coming. I love it. Yet more density for Lower Manhattan.

[hartss]

Haven't been on Broad Street in many years, but worked there in the 90s. Wasn't this spot home to a downscale department store? If anyone remembers, please let me know. Thanks.

[gttx]

Wow. They sure are packing buildings in there....

[NYguy]

JUST SAY NOBU


http://www.nypost.com/seven/05082008/photos/re049a.jpg
GLASSY CHASSIS: The Nobu tower will rise
at 45 Broad St.

Love the curve. These new, slender residential towers seem to fit anywhere.

[scalziand]

They sure do. I wonder if this is close enough to reflect the curve of GS.

[Thefigman]

Sweet building!

Will the curved side of the building face the WTC? I can't grasp the angle from the rendering.

[CGII]

There's always room for jello downtown.

It constantly amazes me. I always think downtown is filled and needs to expand North, but there must be four or five developments like this that prove me wrong.

[Scruffy]

This isn't close to either the world trade center or Goldman Sachs. Its on the east side of broad st. 1 block south and 1 block east of the stock exchange. the curve, if its not blocked in, will be seen from governor's island and Brooklyn

[kznyc2k]

Visuals:

http://img151.imageshack.us/img151/9849/45b1jx0.jpg (http://imageshack.us)

http://img151.imageshack.us/img151/4693/45b2kj8.jpg (http://imageshack.us)

[JayPro]

20 Exchange Place (741') has herself a pretty sleek, albeit somewhat plain-looking neighbor (Then again, renderings as we all know aren't everything. If 709' is correct, the rendering shown doesn't reflect it IMO).

The curve does however add a noteworthy contrast to 20EP's classic presence.

[Dac150]

This is a prime example of 'demand speaking'. If there is demand, developers will do what is possible to fill the need.

[NYguy]

It'll be behind the Beaver House (not pictured)


curbed.com
http://curbed.com/uploads/2008_5_45broad.png


wider shot of Downtown
http://www.pbase.com/nyguy/image/77418251/original.jpg

[Lecom]

Nice design. A mix of 50 West and 123 Washington.

[antinimby]

Swig MXD Tower Has Industry Confidence


http://www.globest.com/newspics/nyc_kentswig.jpg
Swig

Last updated: May 9, 2008 (http://www.globest.com/news/1154_1154/newyork/170624-1.html) 08:37am

NEW YORK CITY-Some commercial real estate insiders have recently expressed nervousness in regards to the current economic state.

However, Kent Swig, president of locally-based Swig Equities LLC, who recently revealed plans to construct a 62-story, luxury, mixed-use development Downtown, tells GlobeSt.com that the real estate market is strong. "I would rather be building into a better market than one that is slipping."

Swig tells GlobeSt.com that construction on the all-glass tower development, which includes the US debut of the Nobu Hotel and Residences and a Nobu restaurant, will take anywhere from 20 to 24 months to build, "and I am assuming that we will be in a better market then, than we are today." Although Swig says he has construction cost numbers, he cannot provide them at this time. He did note that he anticipates ground-breaking in the third quarter of this year.

He explains that it is a great time to be Downtown. "There are more and more tenants heading there." The tower will be located in the heart of Lower Manhattan's Financial District neighborhood at 45 Broad St., across and down the street from the New York Stock Exchange.

Hotel experts note that there is a lot of confidence in Downtown at the moment. Sumner Baye, president and partner of International Hotel Network, tells GlobeSt.com, that "Downtown is a very interesting situation. A lot of success for projects, such as these, depends on who will remain downtown," he says referring to the importance of keeping tenants such as the banking/financial world downtown.

"Although we are in a tighter money market, I have no doubt in Swig's ability to get things done," he says, although he explains that as with any situation, there are always risks to consider. "We are talking about looking at the future and what it's going to look like two years from now," he says. "It's always a gamble, because you never know what things are going to be like a few years from now, however I believe that area will be very much alive."

Baye notes that the key to success, is to keep the people that are down there right now, down there. "Hopefully, these large companies will stay downtown. Do we need condo/hotels Downtown?" he queries, "yes. There is a demand and there will be a need for more hotel rooms as current projects such as the WTC get completed. I feel positive about the future here."

Daniel Lesser, senior managing director of CB Richard Ellis' Valuation & Advisory Services and Hospitality and Gaming Group, tells GlobeSt.com that Downtown continues to undergo major change and development with significant office, residential, tourist and transportation projects expected to be completed over the next five years. "The area is increasingly evolving into a 24/7 full service neighborhood with the addition of high-end high-rise residential apartments and condominiums as well as restaurants, retail and entertainment venues," he explains. "Diverse groups of office tenants have been migrating to lower Manhattan to take advantage of lower rents when compared to Midtown. Hotels are experiencing strong occupancy levels and increases in room rates that exceed underlying inflation rates."

Lesser continues that the World Trade Center site is the top visited downtown tourist destination, with more than five million visitors expected annually once the memorial and museum open. "Once completed, the World Trade Center Transportation hub and the Fulton Street Transit Center are anticipated to revolutionize commuting and travel patterns for the city of New York as a whole, and will position downtown as a world class neighborhood."

Lesser tells GlobeSt.com that similar to all of Manhattan, "Downtown is currently 'under-hoteled' with a variety of new lodging projects in various stages of development. Given the increased corporate and leisure/transient demand expected during the foreseeable future, occupancy levels should remain strong coupled with continued growth in room rates above inflationary levels."

(The state of Downtown as a whole, will be spotlighted on May 13 at RealShare Downtown New York. Both Swig and Lesser will participate as speakers at the event.)

Stuart Saft, a partner with Dewey & LeBoeuf LLP, tells GlobeSt.com that this is the perfect time to start working on a new development or rehab project "because of the time it takes to bring a new building to complete and bring it to market. A typical building beginning construction today will not be ready for occupancy until 2011, which is after the economy has recovered from its present tribulations. By that time the older buildings will have been absorbed and the new building will hit a marketplace that looks entirely different than today." Saft explains that this is particularly true of the New York City market, which is "still an international financial and tourist center where the shrinking dollar is a great lure for foreign buyers and renters."

This is an interesting time and an interesting project, explains Deborah Jackson, executive managing director of Weiser Realty Advisors LLC. "This area is one where many of the luxury retailers have gone, which is positive for the project--both as it enhances the area and probably makes leasing the retail space in the property a little easier."

One question has to be in the residential component, she says. "The market remains relatively strong in Manhattan but one might question the ease in marketing this number of units in this submarket. Still, we have seen a lot of interest in luxury residential units from foreigners--who find the weak dollar to their advantage."

Jackson agrees with Lesser in that tourism is strong in the City. She also notes that "while the press talks about a 'growing' recession, Manhattan remains relatively strong (in most areas). By the time this project opens, even Wall Street may be on stronger footing."

Jackson did express concern about the downtown location versus midtown, but she says that "hotels have worked before downtown, and with new office product over time, should work again."

The primary elements of the project at 45 Broad St. include approximately 13,000 sf of retail space located on the ground level and second floor; a Nobu restaurant on the third floor; a 128-room, five-star Nobu Hotel with a ground floor entrance; as well as 77 super-luxury condominium residences on floors 41 through 62, which Swig tells GlobeSt.com should have no trouble getting filled.

Swig Equities will serve as the exclusive sales and marketing agent for the project. According to the Alliance for Downtown New York, Lower Manhattan has one of the highest median household income rates, having increased 47% since 2004 to $162,700.

The building will be sustainable, meeting design and construction requirements for LEED Certification by the US Green Building Council for environmental responsibility and energy efficiency. Swig tells GlobeSt.com that the decision to go green was easy. "It is the right thing to do.

Buildings account for the most amount of greenhouse emissions. It was a pretty straight forward decision to "be responsible."

Copyright © 2008 ALM Properties, Inc.

[Scruffy]

Its such a small frontage on Broad st to have an entrance to a hotel, a possible different entrance for residential, a third entrance for Nobu, and then whatever street frontage left over goes to retail.

Retail on 1-2
Nobu on 3
Nobu Hotel-4-9? it said 5 floors

Residences 41-62

So whats on 10-40?

[antinimby]

Floors 4 to 40 would be the hotel portion. It does not say five floors anywhere. Maybe you misread five-star as five floors?

Besides, it's not possible to fit 128 hotel rooms on only five floors.

[Scruffy]

You're right. In my work haze I misread it. thanks for catching that.

[Fabb]

If it catches the attention away from the Beaver house, that'll be a good thing.

[NYguy]

Although Swig says he has construction cost numbers, he cannot provide them at this time. He did note that he anticipates ground-breaking in the third quarter of this year.

The primary elements of the project at 45 Broad St. include approximately 13,000 sf of retail space located on the ground level and second floor; a Nobu restaurant on the third floor; a 128-room, five-star Nobu Hotel with a ground floor entrance; as well as 77 super-luxury condominium residences on floors 41 through 62, which Swig tells GlobeSt.com should have no trouble getting filled.

So, a groundbreaking by the fall, yet another will be under construction Downtown before the end of the year.

[NYC2ATX]

Dear Jesus.

They are just overrunning this town, aren't they. I love it.

Am I the only one who thinks Beaver House is cool? (That's the black and yellow one, right?)

[vaporvr6]

So, a groundbreaking by the fall, yet another will be under construction Downtown before the end of the year.

things being the way they are in NYC, i'm not going to count this as a done deal until steel is rising from the ground.

[Dac150]

^^^I consider this a bit different though. I have no doubt it's a go.

[Scruffy]

Dear Jesus.

They are just overrunning this town, aren't they. I love it.

Am I the only one who thinks Beaver House is cool? (That's the black and yellow one, right?)

Im sorry but yes. I was there on Tuesday, its not hideous per say but i didn't like it at all. I feel that that intersection is prominent enough to require something far classier. I haven't seen what it looks like from across the river though

[antinimby]

things being the way they are in NYC, i'm not going to count this as a done deal until steel is rising from the ground.If you are waiting for steel to rise here, you may have to wait a long time. :haha:

[CGII]

I'm not too worried about the Beaver House. At the rate NY has been moving in the past four decades, it'll get reclad before any sentimental memories get created around it.

[NYguy]

Am I the only one who thinks Beaver House is cool? (That's the black and yellow one, right?)

I didn't like it at first, but grew to like it. It's something different for Downtown, especially in that area. It's not as if any other typical residential would have been well received.

http://www.pbase.com/nyguy/image/88764330/medium.jpg

[NYguy]

If you are waiting for steel to rise here, you may have to wait a long time. :haha:


Yeah, these residential, mixed-use developments are always slow to rise, but once they begin, they dart up very quickly. I don't expect this one to be any different.

[America 117]

this is great new york needs a skinny building
but why is everything soo sloooww:slob: :slob: :slob: :slob:

[Dac150]

I'm not too worried about the Beaver House. At the rate NY has been moving in the past four decades, it'll get reclad before any sentimental memories get created around it.

No, I would highly doubt that (especially being a residential tower). I would like it to happen, but I just don't see it happening.

[Dac150]

I didn't like it at first, but grew to like it. It's something different for Downtown, especially in that area.

Same deal with me pretty much. I'm still not too fond of it, but the fact that its different kind of made me appreciate it more. I guess I have no choice but to like it being that I pass by it nearly everyday.:rolleyes:

[ZZ-II]

beaver houase is cool i think, i like it alot. the color-design gives a good contrast

[Scruffy]

Nobu us the name of a very exclusive high class restaurant here in Manhattan. And now they are branching into hotels.

[Swede]

I'm really liking this one, but I'd like to see the other sides too. How will the space between Nobu and the Beaver look? seems they'll be really really close.
The density of downtown is already unbelievable and keeps going up :)

[Antares41]

^That space is mostly occupied by 55 Broad street building (~403 ft. ). The #13 post by Scruffy has a good overhead view. The parking lot to the roughly northeast is where the Beaver House is now, 55 Broad is on the corner, and the Nobu will be roughly to the northwest of it.

[NYguy]

http://blogs.usatoday.com/hotelhotsheet/2008/05/robert-de-niro.html

Robert De Niro, hotel magnate


Actor Robert De Niro, who's a key investor in the just-opened The Greenwich Hotel in his beloved TriBeCa neighborhood in downtown Manhattan, is involved with another hotel project.

The Oscar-winner, who also has invested in Nobu Matsuhisa’s trendy Nobu restaurants, is a partner in the Japanese chef’s Nobu Hotel and Residences, due to break ground this year in Manhattan’s financial district and open in 2010. It'll be a sleek 62-story tower with a Nobu restauarant.

Matsuhisa aims to meld "the impeccable attention to detail characteristic of Japanese hospitality with modern amenities and sophisticated luxuries," he says in a statement.

It's planned as part of a Nobu chain -- the first one is going up on Israel's Mediterranean "Riviera."

Do readers have thoughts on chefs going into the hotel business on a large scale? I know some have inns at their restaurants, but this is a far bigger deal. What do you think?

I also find it interesting that De Niro -- who is known for being a non-publicity-seeking actor's actor and whose ever-expanding restaurant investments include Nobu and Ago -- is really jumping into the hospitality business.

[chex]

thanx for the location pics, both of you... so, it will be visible in the skyline when coming from the statue?

[NYC4Life]

thanx for the location pics, both of you... so, it will be visible in the skyline when coming from the statue?


In a cluster of similarly sized towers in height in front of it, it may not be easily visible. Also considering this will be a slim tower being surrounded by bulky towers.

[chex]

yeah, i thought it could be possible, when i saw the google image from above, and so the park, where the ferry is... but as u say, lot of similar towers around, i would love if it can be visible tho.. haha.

[NYC4Life]

My guess would be it'll be more easily visible if u came from the north along the Hudson since you'll be looking at downtown from the lowrise perspective.

[NYguy]

My guess would be it'll be more easily visible if u came from the north along the Hudson since you'll be looking at downtown from the lowrise perspective.

It wouldn't bee too visible from that angle.

[JayPro]

My best guess from looking at the perspectives is that she'll be easiest spotted from a generalized east-west vantage point, i.e. Queens and a good slice of Brooklyn.
Again, I say great company for 20 Exchange.

[NYguy]

It would best be viewed from this angle, by miamihitman (http://flickr.com/photos/miamihitman/)

http://farm4.static.flickr.com/3144/2528784190_4c2fecf439_b.jpg


And this one from Sister72 (http://flickr.com/photos/sis/)

http://farm4.static.flickr.com/3058/2516919245_2b405b1aac_b.jpg

[chex]

the first pic is amazing, only ny... and thats the point i was saying, the park where the ferry leaves to the statue, i guess it is... nice place! maybe comparing with other buildings height we can tell...

[America 117]

lower manhatten has alot of skinny towers and Nobu tower will just add to it

[Scruffy]

the location today
http://i195.photobucket.com/albums/z70/Scruffy66/saya/DSC02065.jpg

Apparently the tower behind is about to come down or so im told

[NYC4Life]

Is the building being demolished part of the Nobu site, or will it become a site for a new tower?

[Scruffy]

for Nobu. or so im told

[Lecom]

http://img50.imageshack.us/img50/4990/p1030603nobuucjun08lookws2.jpg

http://img238.imageshack.us/img238/2111/p1030606nobuucjun08lookro5.jpg

http://img114.imageshack.us/img114/2768/p1030607nobuucjun08lookqv4.jpg

[NYguy]

If I'm not mistaken, demolishing part of that tower is what allowed the increase in Nobu's size.

[Lecom]

^correct. It's a shame though, I liked that ultra-dense block, and taking away that wing takes away from that density that is hard to find in most places in the country.

[NYguy]

older version?


http://www.tishmanconstruction.com/files/images/lead_broard.jpg

http://www.tishmanconstruction.com/files/images/lead_broard.jpg

45 Broad Street Hotel and Residence Complex


Tishman Construction is serving as Construction Manager for this new 285,000-square-foot, 51-story, 600-foot tall hotel and condominium complex at 45 Broad Street in New York City. Special features include wine cellars for residents and a swimming pool. Tishman Construction has completed the pre-construction phase, providing document review, estimating, preliminary scheduling and logistics.

_________________

http://www.nypost.com/seven/05082008/photos/re049a.jpg

[antinimby]

That's strange. The numbers are smaller but visually it looks the same.

[America 117]

why is everything opening in 2010 or 2011
but NYC is going to look very differnt when all this stuff is done
like WTC, tower verre, nubo tower,and much much more
were not going to remember what NYC looked like when all this is built.

[Scruffy]

if this older version is any indication of the new one, this tower is a slab. I thought it would be thin on all sides like Saya or 50 west. But it las a wide side. still cool, but less so

[NYC4Life]

why is everything opening in 2010 or 2011
but NYC is going to look very differnt when all this stuff is done
like WTC, tower verre, nubo tower,and much much more
were not going to remember what NYC looked like when all this is built.


Tower Verre is still a proposal which is awaiting approval (or rejection) from the city's planning commision. But even without Tower Verre, NY's landscape and skyline is changing drastically fast. Let's hope for Verre to come onboard :tup:

[kznyc2k]

6/15:

http://img234.imageshack.us/img234/2963/img1276mt0.jpg

http://img246.imageshack.us/img246/4051/img1269px7.jpg

[ZZ-II]

are they renovating the highrise in the background?

[NYguy]

No, it's a sacrifice for Nobu.

[Scruffy]

no movement on Nobu. Its on hold. But the windows are now boarded up on the structure behind it. Could be the demolition is still going on. this would be a step forward. If the land behind Nobu is cleared when they finally get their financing, there won't be any wait time. So lets hope that is the case
http://i25.photobucket.com/albums/c81/Scruffy88/new%20cam/IMG_3273.jpg

http://i25.photobucket.com/albums/c81/Scruffy88/new%20cam/IMG_3274.jpg

[NYguy]

http://www.bloomberg.com/apps/news?pid=20601103&sid=aunSaJecjWzE&refer=news

Defaults Rise as Worst Is Yet to Come for Commercial Property

By David M. Levitt
April 2, 2009

The Nobu Hotel & Residences in lower Manhattan is among properties on Real Capital’s troubled asset list. Real Capital called it a “challenged development” because Nobu has lost some construction funding. The planned 62-story tower, the Nobu sushi restaurant chain’s first U.S. hotel, was being built by investor Kent Swig and is near the New York Stock Exchange.

[avngingandbright]

If developers learned to secure financing before demolishing buildings, this city would be up about a hundred beautiful, dense and useful buildings, and down a couple of really unsightly, deadening empty lots. But, of course, this is America, and this is New York; it's all about the damned bottom line.

[ethereal_reality]

Nogo for Nobu. :(

[BTinSF]

Nogo for Nobu. :(

Kent Swig has personally caused more disappointment among skyscraper fans nationally than about anyone else I know of. He and his company are such teases. His Century condo tower in SF was a bust too--and that was before we were even in a recession.

[NYguy]

If developers learned to secure financing before demolishing buildings, this city would be up about a hundred beautiful, dense and useful buildings,

That's assuming that everything that was demolished was beautiful, which more often than not wasn't the case. Still, anything is preferable to an empty lot. They should open that lot and create a small plaza in the meantime.

[Aleks]

Even thought it won't happen, it'd be cool if that lot was turned into an atrium for that historic looking building next door. And that wall facing the lot was opened up to create an open environment. It'd be so cool if it happened... :(

[Dac150]

Something will go there in time. This tower was nothing to get excited over, not to mention what was there didn't make much if any impact on the skyline. The way I see it, the demolition is one less thing to do once the market opens back up and developers are more concrete in starting projects.

Keep in mind this is prime real estate, so when the time is right it won't be an empty lot for long.

[scalziand]

^^Yeah, any vacant lot downtown won't remain that way for very long.

[NYguy]

http://therealdeal.com/newyork/articles/kent-swig-s-45-broad-street-to-hit-the-auction-block-after-lehman-brothers-foreclosed

45 Broad Street to hit the auction block

http://s3.amazonaws.com/trd_three/images/333653/swigpic_articlebox.jpg

October 21, 2011
By Katherine Clarke

Lehman Brothers Holdings is expected to take control of a Kent Swig development site at 45 Broad Street at a foreclosure auction scheduled for next month. Swig's Swig Equities lost control of the site after Lehman filed to foreclose in 2009; the site was then put in the hands of a court-appointed receiver.

When contacted by The Real Deal, a representative for Swig Equities confirmed the auction, but declined to comment further. Patricia Mattoon, a principal at Mattoon Real Estate and the court-appointed receiver, said: "Swig still owns the property until the foreclosure auction proceedings are complete."

When the company first purchased the site in 2006 for $29 million, Kent Swig had plans to construct a 62-story hotel and condominium development named Nobu Hotel and Residences. He partnered with actor Robert De Niro on the project, which never saw the light of day.

[scalziand]

What do you bet this will turn into another McSam Special?

[sbarn]

According to Wired New York theres some new construction activity on this site. Nothing at the DOB has been filed lately, so not sure what is going on.

[Crawford]

This building is 709 ft. per NYC DOB.

There's definitely been recent construction activity at the site for a few weeks now, though I have no clue whether it's the original plans or something new. The most recent permit was from a few months ago, and shows residential.

[hunser]

^^ Yeah, according to CTBUH (http://www.skyscrapercenter.com/building/1337/nobu-hotel-and-residences/) too:

Figures
Height: Architectural 216.0 meter / 709 feet
Height: To Tip 216.0 meter / 709 feet
Floors Above Ground 62

I really hope they started construction on this one! Would be another 700 footer for NY!

[yankeesfan1000]

Great news!! I really hope they stick with the older design with a sort of Goldman-esque curved front. One thing that always struck me about this building was that the curved part will face inwards, towards downtown as opposed to curving on the west and south side of lot and trying to incorporate some of the harbor. The upper floors on this will have breathtaking views of the urbanity of Lower Manhattan.

Thanks for the updates, definitely keeping my fingers crossed!

[reencharles]

And five years has passed since the creation of this topic, I hope it can be built as soon as possible. It has a good height and is a very fine building in a very good place. I like...

To get a sense of its height, it will be taller than the Washington 123 (W New York Downtown - 690 feet).

[Zapatan]

709 feet is 216 meters :)

[yankeesfan1000]

Just stepped out of my office for some air, and theres construction equipment on site and workers. Looks like this one is actually moving forward.

[NYguy]

^ Maybe there's a rendering or something on site there so we can get an idea of what exactly is planned for the site.

[Hudson11]

and here i thought this was a dead project. Downtown needs more modern 700ft+ buildings to stand out along with Beekman and the supertalls at the WTC. This, 50 west street and 99 church street will be great additions.

[hunser]

Great news, looks like another stalled project is back from the dead!

^^ Yeah, according to CTBUH (http://www.skyscrapercenter.com/new-york-city/nobu-hotel-and-residences/) too:

Figures
Height: Architectural 216.0 meter / 709 feet
Height: To Tip 216.0 meter / 709 feet
Floors Above Ground 62


Can a mod please change to thread title to 216M and Nobu Tower? Thanks.

http://www.skyscrapercenter.com/new-york-city/nobu-hotel-and-residences/

[Duck From NY]

There was activity at the site yeterday!:

http://i1058.photobucket.com/albums/t413/Mark_W_NYC/IMG_2188.jpg

(sorry for the poor picture, was in a rush and with friends)

[scalziand]

Hmm, I can only find permits mentioning a 53 story tower on dob, not 62 floors.

http://a810-bisweb.nyc.gov/bisweb/WorkPermitDataServlet?allisn=0002350523&allisn2=0000610683&allbin=1088632&requestid=2

There is a fresh complaint from the demo of the annex behind though.
http://a810-bisweb.nyc.gov/bisweb/OverviewForComplaintServlet?requestid=2&vlcompdetlkey=0001540654

[sbarn]

That would be amazing to see a 700 foot tower rise on this site... I wonder if the height / floor count has been reduced because they've acquired that annex behind and the site has gotten larger? Regardless this one will be an interesting one to watch.

[scalziand]

The annex was always part of the project.

[Duck From NY]

So based on the picture I posted, what can you guys tell me? Are they just keeping the lot in good condition to draw investors?

[sbarn]

The annex was always part of the project.

Interesting, I wonder if the design has changed. It seems surprising they would want to reduce the height. I imagine apartments above ~500 ft in this part of downtown would have some pretty amazing views.

[Crawford]

Interesting, I wonder if the design has changed. It seems surprising they would want to reduce the height. I imagine apartments above ~500 ft in this part of downtown would have some pretty amazing views.

I have no idea of the plans for this buildings, but you can't go by DOB.

There are a million reasons why the posted plans wouldn't be the final height, from need to purchase additional air rights, to submission of an as-of-right design (thus allowing construction to commence) prior to city approval of the final design.

[DURKEY427]

Any news on this one?

[Barbarossa]

25 Broad, 627 Greenwich both return to lenders
Katherine Clarke
April 18, 2012

http://therealdeal.com/blog/2012/04/18/25-broad-street-627-greenwich-both-return-to-lenders/

The building at 45 Broad Street, slightly south of 25 Broad, hit the foreclosure auction block in November 2011 with an outstanding lien of $72.5 million in total, The Real Deal previously reported. Lehman took control of that property last month for $76.79 million, according to public records.

“They’re going to bring them to market in a big way,” Lawrence Porter, a managing director of Newmark Knight Frank who attended the auction, speculated.


I'm not sure if the Lehman Estate is going to build anything though, they may just be prepping the site so it is development ready, and then sell it to a developer so they can pay off their creditors.

[Hypothalamus]

The Real Deal:

Formerly Swig-owned development site in FiDi hits market (http://therealdeal.com/blog/2014/01/15/fidis-45-broad-street-site-hits-market/)
Hiten Samtani January 15, 2014 09:25AM

http://s14.therealdeal.com/trd/up/2014/01/45Broad1SITE-300x240.jpg

A Financial District development site that will allow for a 264,200-square-foot residential tower or hotel has hit the market for an undisclosed amount.

The site at 45 Broad Street once belonged to Kent Swig, but he was forced to turn it over in 2011 after defaulting on a loan.

“There is no height restriction in the area,” Cushman & Wakefield’s Nat Rockett told the New York Post. Rockett is marketing the site, located between Exchange and Beaver streets, along with colleagues Helen Hwang, Jared Kelso, Karen Wiedenmann and Sujohn Sarkar. He added that he expected bidders to focus on residential condominiums and hotels, as condos were selling for north of $2,000 per square foot and the hotel market area in the area remains underserved.

Swig purchased the site in 2006 for $29 million, and had plans to construct a 62-story hotel and condominium development named Nobu Hotel and Residences, as The Real Deal reported. He partnered with actor Robert De Niro but the project never saw the light of day.

[NYguy]

http://www.globest.com/news/12_776/newyork/development/Development-Site-Sales-Heat-Up-341772.html

Development Site Sales Heat Up


http://cdn.globest.com/media/newspics/232/nyc_45-broad-st.jpg

There are several possibilities for 45 Broad St., and none of them have a specified height restriction.


By Rayna Katz
January 16, 2014


Development site sales are on fire.

Cushman & Wakefield has been tapped to market a whopping 264,200-square-foot site in the of-the-moment Downtown corridor, at 45 Broad St. At the same time, HFF has closed on a parcel in Chelsea that spans just 7,538 square feet yet it sold for $42.8 million. The latter property includes development rights for more than 144,000 square feet.

Analysts earlier this week indicated that these types of notable transactions are to be expected in 2014. Development site sales “have really taken off,” said Robert Knakal, chairman, Massey Knakal, in a fourth quarter briefing earlier this week.

Located steps from the World Trade Center, 45 Broad St. likely will become a super-luxury residential or mixed-use property. Based on Knakal’s report on average pricing, the spot could command a price as high as $117.6 million. A Cushman spokesman declined comment.

The parcel would afford an investor the opportunity to build a new tower in the Financial District with no specified height restriction, according to Cushman & Wakefield. Based on initial architectural studies, the site can support a 45- to 50-story tower, providing views of the skyline and New York Harbor.

[NYguy]

http://www.rew-online.com/2014/01/15/cushman-team-marketing-45-broad-street/

Cushman team marketing 45 Broad Street


By REW Staff
January 15, 2014


Cushman & Wakefield announced today (Wednesday) that it has been exclusively appointed to market 45 Broad Street, a development opportunity in the Financial District.

Located steps from the World Trade Center, 45 Broad Street is a vacant site offering approximately 264,200 s/f of FAR for residential and/or commercial use.

The development scope is ideal for a super-luxury residential or mixed-use property. An investor has the opportunity to construct a new tower in the Financial District, within the C5-5 Special Lower Manhattan zoning district, which has no specified height restriction.

Based on initial architectural studies, the site can support a 45- to 50-story tower, according to the brokers marketing the site – Nat Rockett, Helen Hwang, Jared Kelso, Karen Wiedenmann and Sujohn Sarkar.

Added Rockett, “While it’s been talked about for quite some time, the Downtown story is just now taking off with respect to commercial demand and residential pricing.

“With the arrival of major employers to the World Trade Center, the addition of two spectacular transit hubs and one million square feet of new retail, the stage is set for a world-class residential, hotel or mixed-use project at 45 Broad.”




http://m3.i.pbase.com/o9/06/102706/1/154150183.loP3Dcuv.r1b.JPG



http://m4.i.pbase.com/o9/06/102706/1/154150184.ksj3n1AD.r1c.JPG

[Crawford]

Back in the last development boom, this was supposed to be Nobu Tower, a 710 foot residential building. Hopefully with some additional air rights this can be pushed to be somewhat taller.

In this specific location you really need something approaching supertall status to stand out.

[Hypothalamus]

Merge threads?

NEW YORK | Nobu tower | 45 Broad St | 709 FT / 198 M | 62 FLOORS (http://forum.skyscraperpage.com/showthread.php?t=150805)

NEW YORK | 45 Broad St | FT | FLOORS is an appropriate thread title for this site now, but the evolution of the site is rich and should be included!

Edit: I guess I wouldn't call it rich, but it's another back from the dead. Hopefully a new developer will build this site to its full potential.

[photoLith]

That tower looks quite uninspired.

[NYguy]

That tower looks quite uninspired.

It's basically a mockup of a tower that could be built on site. Whatever firm gets chosen (it depends on who actually buys the site) will design the tower.