NEW YORK | 76 11th Avenue | 403 + 302 FT | 34 + 25 FLOORS
Ziel Feldman’s HFZ in contract to buy huge W. Chelsea site
http://s13.therealdeal.com/trd/up/20...west-18th.jpeg Quote:
http://therealdeal.com/blog/2014/11/....alOE0K7B.dpuf |
To give an idea of the potential, this is the AVA Highline:
http://www.cityrealty.com/graphics/p...5.01.photo.jpg http://www.cityrealty.com/graphics/p...5.01.photo.jpg Being larger then this is pretty big for the neighborhood. Might be larger as a whole if they decide to go commercial, especially if its Class-A space, but if its residential, eclipsing the AVA will stun a couple of residents. |
Any height limits in the area? While I'm not expecting anything taller than 700 feet to go up in Chelsea even in my wildest dreams, would it be reasonable to expect something in the 500ft range?
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That could be seen as reasonable. I'm thinking something in the 500 foot range. It is a large site, so I'm curious on how they are going to use the development rights. Could be tall, or it could be bulky and wide; similar to the AVA highline.
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HFZ paid over $800 million for the site, which may be the highest price ever paid for a residential development site anywhere.
And they promised something iconic and architecturally significant, so I have very high expectations for the site. With the amount they paid, they will definitely shoot for a superluxury tower. |
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Edit: http://online.wsj.com/articles/new-y...ine-1417042890 Wall Street Journal saids 800 million. Real Deal was off by 20% depending if we go by the lower range but they where somewhat close; well, the insider who told them at least was close. At more than a $1000 a square foot, its about that. Developer to Pay Over $800 Million for Site Near High Line Block-Square Property Had Been Slated for Condo Project Quote:
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Ziel Feldman's HFZ Capital is drafting provisional plans for the Chelsea tower
http://assets.nydailynews.com/polopo...t.jpg?enlarged http://assets.nydailynews.com/polopo...t.jpg?enlarged The design for the West Chelsea site which is currently vacant, will be inspired by One Beacon Court NEW YORK DAILY NEWS Monday, January 12, 2015 Quote:
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Feldman announcing plans for two buildings at 76 11th avenue
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http://nypost.com/2015/02/10/monumen...eventh-avenue/
Monumental developments on the horizon for Eleventh Avenue By Lois Weiss February 10, 2015 Quote:
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High Line site developer close to nabbing $500M loan
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http://www.crainsnewyork.com/article...bing-500m-loan |
NEW YORK | 518 West 18th Street | 400 + 300 FT | 2 x 38 FLOORS
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Ziel Feldman and His Construction Binge Starts With a Pair of High Line Projects
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http://commercialobserver.com/2015/0...line-projects/ |
looks like the new owners will be going for something zippier and more mixed use than than the robert a.m. stern plan from a few years back.
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HFZ secures $1B in financing for High Line site
Deal allows the firm to close on one of the city’s priciest development acquisitions May 07, 2015 Konrad Putzier Quote:
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HFZ Moves Forward With Pricey High Line Condo Project
Friday, May 8, 2015 Jessica Dailey Quote:
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The record will be broken in time due. This cycle, in the last 5 years, has broken so many sq-ft/$ barriers that its unprecedented.
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Ziel Feldman on the High Line, Billionaires’ Row, and bucking trends: VIDEO
"Now, every Uber driver is a developer," HFZ chief says at TRD forum May 21, 2015 Quote:
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With so many super-tall towers rising, this developer will build smaller to recoup his $870M
Bloomberg News May 21, 2015 Quote:
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