NEW YORK | ABC Headquarters redevelopment | (1,250 - 420) FT | 86 & 25 FLOORS

[Crawford]

I'm pretty sure Extell owns it now. They spent almost $1 billion on the site.

https://www.pincusco.com/extell-pays-931...-former-disney-campus-in-lincoln-square/

Also I doubt Landmark West, a crazy NIMBY group, can get a zoning change, and if they did, Extell could just sue. You can't change the zoning after the fact.

[NYguy]

Originally Posted by Crawford

I'm pretty sure Extell owns it now. They spent almost $1 billion on the site.

https://www.pincusco.com/extell-pays-931...-former-disney-campus-in-lincoln-square/

Also I doubt Landmark West, a crazy NIMBY group, can get a zoning change, and if they did, Extell could just sue. You can't change the zoning after the fact.

It's the City that will allow the rezoning. They did the same thing on the east side, and something similar also on the Upper West Side with respect to mechanical floor heights (which they were expected to expand to the rest of the city). The excuse here is that the site would have been included in the original zoning, were it not for ABC headquarters.



EXtell has indeed purchased the site from Silverstein, who previously sold off a portion of the holdings.


https://therealdeal.com/new-york/2022/03/23/barnett-lands-900m-for-disney-uws-campus/

Barnett lands $900M for Disney UWS campus

MAR 23, 2022

Extell recently purchased the West 67th Street property from Silverstein Properties and Seven VAlleys for about $930 million, the Commercial Observer reported. The developer scored at least $900 million in acquisition financing from Guggenheim Partners and Aquarian Holdings.

Disney will continue to lease the Upper West Side space as construction continues on its new headquarters. Barnett’s plans for the longtime campus space are currently unclear.

https://commercialobserver.com/2022/03/g...s-guggenheim-partners-aquarian-holdings/

[ChiND]

https://therealdeal.com/new-york/2024/12/10/extell-files-plans-for-former-disney-campus/

[BK1985]

Originally Posted by ChiND

https://therealdeal.com/new-york/2024/12/10/extell-files-plans-for-former-disney-campus/

can someone copy and paste, i cant read it from the site

[Crawford]

The article basically says Extell is moving forward, and is filing permits for demolition and construction of two small affordable buildings. Also a historic midblock building is being preserved.

If you look at the block footprint, it appears that there will be two tall towers rising - one midblock, facing more on 67th Street, and one on the Columbus Ave. end. But no permits yet for the main towers.

[Busy Bee]

The Real Deal Logo
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New York
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Gary Barnett files resi plans at former Disney campus
Extell files plans for two residential buildings on Upper West Side

<p>A photo illustration of Extell Development’s Gary Barnett along with 30 West 67th Street and 7 West 66th Street (Getty, Extell Development)</p>
A photo illustration of Extell Development’s Gary Barnett along with 30 West 67th Street and 7 West 66th Street (Getty, Extell Development)

Dec 10, 2024, 2:00 PM
By TRD Staff
Extell Development is getting plans rolling at an Upper West Side campus the developer picked up for more than $900 million.


Gary Barnett’s firm filed plans for a pair of residential projects at the former Walt Disney Company-owned ABC campus, Crain’s reported. The filings are the first at the site, which includes a handful of addresses.

Extell did not respond to a request for comment on the plans, which were first reported by PincusCo.

At 30 West 67th Street, Extell filed plans for a nine-story, 90-foot-tall residential building that would span 76,000 square feet. The property would feature 50 units, including low-income housing units. The 14-story office building on the parcel would be demolished to make way for the development.

At 7 West 66th Street, Extell filed plans for another 90-foot-tall residential building, though this one would only be seven stories and 44,000 square feet. The property would have 31 units, also including low-income housing. Extell would try to convert the existing office building on the parcel, rather than raze it and start anew.

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The timeline for the projects is unclear.

The plans come two years after Extell paid Silverstein Properties and Seven Valleys roughly $930 million for the former Walt Disney Company-owned ABC campus. Guggenheim Partners and Aquarian Holdings were among those to provide at least $900 million in acquisition financing.

REST OF STORY

[NYguy]

Originally Posted by Crawford

The article basically says Extell is moving forward, and is filing permits for demolition and construction of two small affordable buildings. Also a historic midblock building is being preserved.

If you look at the block footprint, it appears that there will be two tall towers rising - one midblock, facing more on 67th Street, and one on the Columbus Ave. end. But no permits yet for the main towers.

Yes, there are some filings for part of the site, the smaller towers.

[BK1985]

Damn, I was hoping it was for the big ones. Thanks all for copying/detailing

[NYguy]

The filings are for the easternmost portion of the site, closest to the park. I should also point out that these are initial filings, and could very much change.

At 30 West 67th Street, Extell filed plans for a nine-story, 90-foot-tall residential building that would span 76,000 square feet. The property would feature 50 units, including low-income housing units. The 14-story office building on the parcel would be demolished to make way for the development.

At 7 West 66th Street, Extell filed plans for another 90-foot-tall residential building, though this one would only be seven stories and 44,000 square feet. The property would have 31 units, also including low-income housing. Extell would try to convert the existing office building on the parcel, rather than raze it and start anew.

[Busy Bee]

Hoping they de-PoMo that taller office building if they are going to reuse it. I would imagine a re-skinning would be in order.

So the idea here seems to be fill up several lots with relatively short side street height buildings and then use their unused air rights to boost the allowable height of the two premier res towers?

[Crawford]

I'm pretty sure there are additional development rights for including on-site inclusionary housing, so that appears to be Extell's plan.

[NYguy]

We all know what Extell does, we just have to sit by and watch it play out.

[NYguy]

One more thing not to forget about this development is the rezoning of the area that is moving through city planning. That would restrict any development on the sites to this...




https://zap.planning.nyc.gov/projects/2020M0266

[ChiND]

What’s the likelihood that a 1,600’ tower could be built this close to the park? If nut jobs are fighting Wynn’s gorgeous casino (which will generate lots of jobs and revenue) because it allegedly “detracts” from the High Line, aren’t they going to go ballistic if a very tall tower is proposed on the UWS?

[Busy Bee]

Zero. No one is proposing a 1600' tower nor would they ever. My guess is we see a couple towers about the height of the Snohetta tower at 50W66... Maybe a bit taller but I don't see them trying to antagonize the area with a 1000' + tower.

[ChiND]

Originally Posted by Busy Bee

Zero. No one is proposing a 1600' tower nor would they ever. My guess is we see a couple towers about the height of the Snohetta tower at 50W66... Maybe a bit taller but I don't see them trying to antagonize the area with a 1000' + tower.

I thought that the sites that Silverstein owned were supposed to have 1,600’ towers. I personally would want 1,600’ towers there.

[chris08876]

Hopefully with the City of Yes, we'll face less obstructions with this and everything else.

[ChiND]

I haven't been following this closely, but doesn't Silverstein still own the parcels that can be developed into very tall towers?

I wonder what he's waiting for.

Further, what are the Qatari's waiting for at the Helmsley on CPS? It will take easily two years to raze that eyesore.

[NYguy]

Originally Posted by ChiND

I thought that the sites that Silverstein owned were supposed to have 1,600’ towers.

Nobody proposed that. It’s just NIMBYs living out their horror story fantasies.

[NYguy]

https://www.pincusco.com/extell-files-tw...-on-portion-of-931m-lincoln-square-site/