SkyscraperPage Forum - NEW YORK | 655 Madison Ave | 1,162 FT

Prev 1 234 5 Next

Viewing Page 3 of 5

Show 50 post(s) from this thread on one page

SkyscraperPage Forum (https://skyscraperpage.com/forum/index.php)

- Proposals (https://skyscraperpage.com/forum/forumdisplay.php?f=361)

- - NEW YORK | 655 Madison Ave | 1,162 FT | 74 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=258817)

streetscaper

Apr 1, 2025 4:38 PM

It's hard to feel sorry for the buyer as the loss of the view seemed very clear and obvious in offering plan and anyone with common sense

Quote:

the building’s offering plan mentioned only that the view was an amenity “that potentially can be lost” to future construction

NYguy

Apr 4, 2025 3:30 PM

Battle for prime retail space heats up...

https://commercialobserver.com/2025/...prince-street/

Ralph Lauren in Bidding War With LVMH for SoHo Storefront

By Lois Weiss
April 4 2025

Quote:

A prominent SoHo corner spot at Prince and Greene streets has been at the center of a bidding war by two luxury brands, but it looks like the longtime occupant, Ralph Lauren, will pay up to keep the space, Commercial Observer has learned.

While the ground-floor storefront 109 Prince Street has been occupied by the retailer since 2010, its lease is coming due. French retail giant LVMH has been battling for the space, which LVHM wants for Tiffany & Co., now located at nearby 97 Greene Street.

Quote:

If inked as a sale, however, it would continue what is now a long trend of retailers buying New York City real estate.

Prominent sales to retailers include Prada buying 720 and 724 Fifth Avenue, and a space in 730 Fifth Avenue, from Jeff Sutton for $835 million; Kering paying Sutton $963 million for 100,000 square feet at the base of 717 Fifth Avenue, which it is expected to renovate for Gucci; and James Dyson‘s Weybourne Group picking up 155 Mercer Street for $60 million as well as 770 Madison Avenue from Sutton and the Reuben Brothers for $135 million, where it is expected they will eventually locate Dyson stores.

Plus, as CO first reported, Chanel is now negotiating to buy 60,000 square feet of retail in the base of Gary Barnett’s upcoming 655 Madison Avenue luxury residential tower for around $450 million. Barnett has already sold 70,000 square feet at 570 Fifth Avenue to Ikea’s parent for about $400 million.

Busy Bee

Apr 4, 2025 5:39 PM

They need to just USURP the ULURP and ask for immediate city permission to build to the higher height. This is ridiculous that this top shelf building is going to be so short because they don't want to wait on 2+ years of bureaucracy.

Crawford

Apr 4, 2025 6:03 PM

Quote:

Originally Posted by Busy Bee (Post 10404303)

They need to just USURP the ULURP and ask for immediate city permission to build to the higher height.

There's no ULURP for 655 Madison. It's as of right. And air rights transfers are essentially as of right.

Busy Bee

Apr 4, 2025 8:55 PM

Egg on face.

I'm in the wrong thread. I was talking about 574 Fifth Av.

NYguy

Apr 5, 2025 2:32 PM

Yeah, this one will be built as-of-right. Extell rarely builds anything that requires ULURP, mostly because they build residential developments. It’s easier to fit residential towers into the city’s rigid zoning envelope. And far less time consuming, considering the full ULURP can run from 2-3 years.

NYguy

Apr 15, 2025 4:55 PM

https://www.crainsnewyork.com/real-e...-e-56th-summer

Celeb-fave Italian restaurant to move 4 blocks south ahead of building’s demolition

https://archive.ph/51lDR/374bfc9793a...8d74588ea.webp

JULIANNE CUBA
April 15, 2025

Quote:

A famed fine-dining Italian restaurant in Manhattan, known for attracting a number of celebrities, including Jennifer Lopez, George Clooney and Tom Brady, is moving about four blocks south to a new home as Extell Development Co. plans to demolish its longtime digs.

Il Mulino's uptown eatery will relocate from 37 E. 60th St. to 58 E. 56th, still between Madison and Park avenues, and reopen this summer under its new name Il Mulino NY Madison, the restaurant announced Monday. The East 60th Street location, which opened in 2012, decades after the Greenwich Village flagship opened at 86 W. Third St. in 1981, will close June 19.

ChiND

Apr 15, 2025 5:02 PM

Il Mulino's is great. I'm glad that they're moving. I'm even more elated that these junky townhouses will be razed.

NYguy

May 27, 2025 2:20 AM

MAY 26, 2025

https://a4.pbase.com/g13/06/102706/2....e3eac664.JPEG

https://a4.pbase.com/o12/06/102706/1...r.IMG_1988.JPG

https://a4.pbase.com/o12/06/102706/1...3.IMG_1989.JPG

NYguy

May 27, 2025 8:32 PM

https://therealdeal.com/new-york/202...house-lawsuit/

Zeckendorfs out billionaire as unhappy buyer of $80M penthouse
Developers shrug off suit by Orlando Bravo over potentially obscured views from trophy 520 Park unit

By Jake Indursky
May 27, 2025

Quote:

Orlando Bravo, founder of private equity firm Thoma Bravo, has seen some bad deals in his life.

His firm’s purchase of algorithmic rent-setting company RealPage came just before the firm faced a deluge of antitrust lawsuits, and he has sworn off cryptocurrency after investment in exchange FTX before the company’s fraud-induced flameout.

Now, Bravo is claiming another deal gone bad.

The investor, who holds the claim as the first Puerto Rican-born billionaire, was outed as the buyer, along with his wife, of the $79 million penthouse at 520 Park Avenue in court filings by the property’s developers, Arthur Zeckendorf and William Lie Zeckendorf.

Bravo was unidentified when he sued the developers in March over an impending neighboring skyscraper that he claimed was “all but certain to ruin the Penthouse’s unobstructed Central Park view, the unit’s defining feature.”

Quote:

The Zeckendorfs on Friday filed a motion to dismiss the lawsuit, excoriating Bravo’s claims “as completely without merit” in a memo endorsing the motion — but not before revealing the Bravos as the buyers for the first time.

In his complaint, Bravo claimed that the Zeckendorfs knew of “secret plans” for a view-obstructing skyscraper abutting 520 Park because of “their status as part of a small circle of New York City real estate insiders,” along with Extell Development’s Gary Barnett, the developer of the offending skyscraper.

Quote:

“This shameless suit, a blatant attempt to renegotiate an $80 million transaction, rests on rank speculation and disregards clear, written disclosures,” lawyers for the Zeckendorfs, Terrence and Darren Oved, said in a statement.

The Zeckendorfs claimed in the filing that “even accepting [the complaint’s] allegations as true, it must be dismissed as a matter of law,” citing New York’s Martin Act, which bars condo owners from suing sponsors over an allegedly fraudulent omission from a condo offering plan.

They also claim Bravo lacks sufficient evidence to pursue a claim of fraudulent omission, writing that the complaint does not include details as to “when, where, how, by whom, or to whom, the unidentified ‘secret plans’ were allegedly conveyed.”

Quote:

The Bravos are seeking to rescind the sale and recoup any other potential damages. But the Zeckendorfs claim that the case should be dismissed as “unripe” because nothing has risen yet to obstruct the penthouse views.

“Plaintiff alleges merely that developers might combine several lots adjoining the Building, and if they do, they might construct a skyscraper that might be tall enough to obstruct the Lot Line Windows on the 53rd and 54th floors,” the developers write. “Unless and until these potential events actually happen, Plaintiff’s claim is not a justiciable case or controversy.”

ChiND

May 27, 2025 8:42 PM

I’m curious to see Bravo’s opposition.

NYguy

Jun 3, 2025 5:18 PM

A look at that old diagram….Extell has since doubled the footprint, but no filings yet for the larger tower…

https://a4.pbase.com/o12/06/102706/1...i340TF.t1b.jpg

https://a4.pbase.com/o12/06/102706/1...c.IMG_2331.JPG

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

ChiND

Jun 3, 2025 5:25 PM

Do you think that this will probably be at least 1,000 feet tall?

NYguy

Jun 3, 2025 10:36 PM

Quote:

Originally Posted by ChiND (Post 10435785)

Do you think that this will probably be at least 1,000 feet tall?

With Barnett, it’s a huge possibility, especially going up against Related’s 625 Madison. Extell will build tall whenever it can, if it makes sense.

ChiND

Jun 3, 2025 10:56 PM

Quote:

Originally Posted by NYguy (Post 10435993)

With Barnett, it’s a huge possibility, especially going up against Related’s 625 Madison. Extell will build tall whenever it can, if it makes sense.

I hope we get something iconic. Extell’s original design for Central Park Tower would be nice.

NYguy

Jun 9, 2025 8:05 PM

Not shocking, but good news for Extell and Related as they prepare for a battle of the buildings. Probably not good for that guy’s lawsuit.

https://www.crainsnewyork.com/real-e...-2-8-according

Upper East Side outpaced Lower Manhattan in luxury residential sales last week

https://s3-prod.crainsnewyork.com/st...%20%283%29.jpg

Julianne Cuba
June 9, 2025

Quote:

The Upper East Side is giving Lower Manhattan a run for its money when it comes to luxury residential sales.

The number of contracts signed for properties above $4 million in the tony neighborhood have outpaced the downtown market in four out of the past eight weeks, according to Olshan Realty's weekly luxury market report. That's despite buyers' clear preference for homes below 14th Street so far this year, according to the data.

Quote:

The second-priciest transaction of the week — just $50,000 less than the biggest — was in fact on the Upper East Side. A four-bedroom, five-bathroom condo on Park Avenue at the corner of East 60th Street sold for just under $26 million, according to the report.

The 4,628-square-foot home, spanning a full-floor of the 54-story building by Zeckendorf Development, features a private elevator that leads to a grand entry gallery, 11-foot ceilings, marble countertops and sweeping views of Central Park and the Manhattan skyline. Designed by prolific architect Robert A.M. Stern, also known for 220 Central Park South, the white-glove building features a fitness center, pool and salon.

The priciest transaction last week, by a slim margin, was a three-bedroom, three-and-a-half-bathroom condo at One57 in Midtown that went for $26 million. The 4,193-square-foot unit on Billionaires Row, in a building by Extell Development, was listed in April and features a grand salon with sculpted ceiling details, such as hand-painted gold leaf accents and bronze-paneled arches.

ChiND

Jun 9, 2025 8:33 PM

Hopefully, Naftali will build an icon at 800 Fifth too.

I’m shocked not to have any news re: 36 CPS.

ChiND

Jun 16, 2025 3:54 PM

Gary has raised the bar with his proposal for the UWS. I hope that he builds something even more iconic on Madison.

NYguy

Jun 17, 2025 12:27 AM

https://a4.pbase.com/g13/06/102706/2....7153b315.JPEG

https://a4.pbase.com/dev_o1/06/10270...lI292Yi.s1.jpg

ChiND

Jun 17, 2025 12:29 AM

I hope that icons as magnificent as 350 Park rise on all of these sites.

NYguy

Jul 8, 2025 10:24 PM

https://www.crainsnewyork.com/real-e...september-2025

Upscale Chinese restaurant Philippe Chow to open new Midtown flagship in September

JULIANNE CUBA
July 8, 2025

Quote:

Philippe Chow's departure from its 20-year flagship, at 33 E. 60th St., comes after a contentious legal battle with Gary Barnett, president of Extell Development Co., who wants to bulldoze the building to make way for a new tower. Barnett went into contract to acquire the site last year and informed the restaurant's parent company, Merchants Hospitality, that it had until the end of March to vacate the space. The upscale restaurant never did, however, and its last day is now set for July 13.

Merchants Hospitality ultimately reached an "amicable agreement" with Extell and was able to resolve their outstanding litigations, Abraham Merchant, the company's founding partner, CEO and president, said Tuesday in a statement to Crain's.

Busy Bee

Jul 8, 2025 11:33 PM

Cartwright!
...
...
...
Cartwright!

NYguy

Jul 9, 2025 7:45 PM

Don’t have time to get into it fully, but Extell is asking approval for a massing the gives us a shorter but better massed tower….

https://a4.pbase.com/o12/06/102706/1...J0Kav.5005.JPG

https://a4.pbase.com/o12/06/102706/1...StVGe.5005.JPG

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

ChiND

Jul 9, 2025 7:48 PM

They're both pretty tall. I prefer the taller one. Not for the extra hundred feet. It's just less of a box.

NYguy

Jul 9, 2025 7:52 PM

Quote:

Originally Posted by ChiND (Post 10453209)

They're both pretty tall. I prefer the taller one. Not for the extra hundred feet. It's just less of a box.

Too close to 520 (look closely) and we have enough pencils in that area. Not worth it for just 100 ft.

ChiND

Jul 9, 2025 8:01 PM

It would be nice to have a crown.

A mansard roof to pay homage to The Pierre would be ideal.

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

https://symphony.cdn.tambourine.com/...cd-667x556.jpg

ChiND

Jul 9, 2025 8:08 PM

As far as Bravo's allegations against Zeckendorf go, his view, indeed, will be blocked.

Crawford

Jul 9, 2025 8:25 PM

Yeah, I slightly prefer the 1,300 version, due to greater height and more interesting shape, but this seems fine too. As long as the details are nice, it will be another landmark supertall.

Also I hope this means the Barneys building gets redeveloped into a supertall residential tower. They've been sitting on that empty building since before the pandemic. Get moving already.

Zapatan

Jul 9, 2025 9:03 PM

I wonder if 1,162' refers to the structural top, highest occupied floor or main roof.

Still cool though!

The New York Lion

Jul 9, 2025 9:03 PM

Another supertall for NYC.

Simply incredible.

NYguy

Jul 9, 2025 9:24 PM

Quote:

Originally Posted by ChiND (Post 10453223)

As far as Bravo's allegations against Zeckendorf go, his view, indeed, will be blocked.

Not really, we went over that earlier in the thread. It would be a better argument if this tower stretched north to 61st Street, but it doesn’t (the massing).

Hudson11

Jul 9, 2025 10:10 PM

We can now see why the Zeckendorfs sued. lol!

NYguy

Jul 10, 2025 12:50 AM

Quote:

Originally Posted by Zapatan (Post 10453254)

I wonder if 1,162' refers to the structural top, highest occupied floor or main roof.

ChiND

Jul 10, 2025 1:07 AM

An 1,100 foot tower is great, but I suspect that it’s basically going to be a glass box. That would be disappointing.

https://a4.pbase.com/o12/06/102706/1...RLazf.d11b.jpg

NYguy

Jul 10, 2025 1:25 AM

Quote:

Originally Posted by ChiND (Post 10453416)

An 1,100 foot tower is great, but I suspect that it’s basically going to be a glass box. That would be disappointing.

Well, we haven't seen a design, so being disappointed by a massing is a stretch. Some of you need to learn patience. You can always be disappointed later.

ChiND

Jul 10, 2025 1:55 AM

Quote:

Originally Posted by NYguy (Post 10453424)

Well, we haven't seen a design, so being disappointed by a massing is a stretch. Some of you need to learn patience. You can always be disappointed later.

It seems that very frequently, the massing is extremely similar to the actual shape of the tower.

BK1985

Jul 10, 2025 2:08 PM

I’m still sort of shocked that 520 built all of those lot lining windows even though that is the “money shot”. They could have easily done false windows like 220cps.

NYguy

Jul 10, 2025 3:47 PM

Quote:

Originally Posted by ChiND (Post 10453440)

It seems that very frequently, the massing is extremely similar to the actual shape of the tower.

So you object to the massing of the tower.

Quote:

Originally Posted by BK1985 (Post 10453558)

I’m still sort of shocked that 520 built all of those lot lining windows even though that is the “money shot”. They could have easily done false windows like 220cps.

Very few of those are actual, real windows (see 220 CPS).

It was previously reported that Chanel purchased the retail space for $450 million. The EAS states there will be about 209 employees at the store. There will also be about 650 people working in the office portion of the building.

https://a4.pbase.com/o12/06/102706/1...l.IMG_3876.JPG

https://a4.pbase.com/o12/06/102706/1...Y.IMG_3867.JPG

BK1985

Jul 10, 2025 4:06 PM

Ah ok. Cool thanks. I couldn’t tell if those were false windows or not based off of the photos posted.

If it’s a glass building I think the current proposed massing makes sense, hopefully there is some sort of dynamic facade work/ sculpting going on. If it’s a more “classic” facade I think I would prefer the as of right massing given the opportunity for some dramatic terraces.

NYguy

Jul 10, 2025 4:34 PM

Quote:

Originally Posted by BK1985 (Post 10453640)

It’s all in the details. One thing we know, this tower will soar alongside 520 Park…

https://a4.pbase.com/o12/06/102706/1...9npnrx.p1b.jpg

Still curious to see how the dynamic with 625 Madison will play out.

https://a4.pbase.com/o12/06/102706/1...VnpfMU.t4b.jpg

ChiND

Jul 10, 2025 5:09 PM

520 is stunning.

Extell should go with Stern, as his work guarantees massive success. A glass box would be lame.

https://a4.pbase.com/o12/06/102706/1...9npnrx.p1b.jpg

NYguy

Jul 10, 2025 5:25 PM

I like architectural variety. That’s what makes the skyline so great. Stern is wonderful, but I don’t know that we need to copy/paste one right next to another one . That would be lame. Or not. I would have to see it first. But again, variety. A glass building wouldn’t eclipse 520 in the way another Stern would.

NYguy

Jul 10, 2025 5:29 PM

https://www.crainsnewyork.com/real-e...adison-project

Extell aims to boost 655 Madison project to 74 stories

EDDIE SMALL
July 10, 2025

Quote:

Extell Development's plans for 655 Madison Ave. appear to be getting much bigger.

The Gary Barnett-led developer had filed plans for a 37-story tower to replace the office building currently there late last year but now hopes to have the tower stand 74 stories tall, according to a recent rezoning application the company filed with the Department of City Planning. The new project would span about 765,000 square feet and stand 1,162 feet tall with 154 residential units.

If the rezoning does not happen, Extell would make its building 84 stories tall with less residential and office space.

Not entirely accurate, but that’s the gist of it.

Doubleu1117

Jul 11, 2025 10:29 PM

Extell is juggernaut right now. Crazy they could have 3 supertalls (maybe 4?) rising at the same time with 655, ABC, and Wellington site. (assuming Torch completes before these 3 are going?)

NYguy

Jul 13, 2025 3:57 AM

Quote:

Originally Posted by Doubleu1117 (Post 10454294)

Extell is juggernaut right now. Crazy they could have 3 supertalls (maybe 4?) raising at the same time with 655, ABC, and Wellington site. (assuming Torch completes before these 3 are going?)

They would all be in some phase of construction at some point (demo/foundation/structure). And Extell would no doubt be busy working on the next project, if they aren't already.

mrnyc

Jul 13, 2025 2:29 PM

most times they are chopping down height what a crazy thing to double it.

yeah more of that please. :tup:

NYguy

Jul 13, 2025 2:42 PM

Quote:

Originally Posted by mrnyc (Post 10454720)

most times they are chopping down height what a crazy thing to double it.

yeah more of that please. :tup:

That's what a nearly doubled footprint will do for you.

DCReid

Jul 13, 2025 4:42 PM

Quote:

Originally Posted by mrnyc (Post 10454720)

most times they are chopping down height what a crazy thing to double it.

yeah more of that please. :tup:

Yes, last time I can think of was 111 W 57th Street. I recall that the original proposal was about 600-700 feet.

NYguy

Jul 13, 2025 4:57 PM

Quote:

Originally Posted by DCReid (Post 10454756)

Yes, last time I can think of was 111 W 57th Street. I recall that the original proposal was about 600-700 feet.

It happens a lot. Central Park Tower wasn't even a supertall, then it was 1,250 ft, then it was what it is today. 30 Hudson was going to be a supertall via a spire. One57, once known as Carnegie57 wasn't a supertall either. 520 Fifth wasn't going to be a supertall building. Everything evolves, given enough air rights (or depending on the developer). Still, it's not all about the height for these developers, but rather what they are building. Extell needs the bulk of the extra space to be distributed to the lower floors. The office component there may be spoken for, but whatever the case, it's what the developer is building. But if not for the expanded footprint, we'd be getting a much shorter tower.

ChiND

Jul 13, 2025 11:55 PM

I’d like to see Gary retain LaGrange. He has hired him before.

An 1,110+ version on this Chicago tower would be nice.

https://lucienlagrange.com/project/40-west-oak

https://lucienlagrange.com/wp-conten...ak-feature.jpg

All times are GMT. The time now is 8:06 AM.

Prev 1 234 5 Next

Viewing Page 3 of 5

Show 50 post(s) from this thread on one page