NEW YORK | 574 5th Ave (Extell) | 567 FT | 32 FLOORS - Page 21

ChiND · #**401** Posted **Sep 12, 2024, 10:05 PM**

Quote:

Originally Posted by Sky88

And thank goodness it was supposed to be a super-tall skyscraper.

NY has so many supertalls and a lot more on the way.

NYguy · #**402** Posted **Sep 13, 2024, 3:39 PM**

Keep in mind Extell never went through the approvals to get a larger and taller building on site. This is being built as-of-right, meaning what the site is already zoned for. They could technically still build as tall as they want, but that wouldn't fit the programming for this tower, which is a commercial/office building.

Quote:

Originally Posted by NYguy

Highest occupied floor is 532 ft above street level, so this will probably be a middle 500 ft tower.

Looks to be about 567 ft...

jackster99 · #**403** Posted **Sep 13, 2024, 4:23 PM**

Can't decide how I feel about Extell. They're simultaneously the most badass developer in NYC and also the most disappointing. They got the ball rolling on the Billionaire's row towers with One57, but it's widely regarded as the most ugly of them and they cost cut the lit crown. I loved it at first but I don't think it's aging gracefully. Central Park tower is incredibly tall yes but a snoozefest other wise. 740 8th avenue has the possibility to be cool but might also be a mar on the skyline. And now this building, they could have gone taller but didn't.

Busy Bee · #**404** Posted **Sep 13, 2024, 6:00 PM**

I don't know why they don't go commercial below and residential above. They've got a full block footprint so they have the space for a separate residential lobby and a fat core with designated express elevators. Much like the pile of disappointment office project going up where Calvary used to be on 57th, they seem to inexplicably be leaving a huge amount of profit potential on the table by not making maximum use of the site.

UrbanImpact · #**405** Posted **Sep 13, 2024, 6:07 PM**

Quote:

Originally Posted by Busy Bee

I don't know why they don't go commercial below and residential above. They've got a full block footprint so they have the space for a separate residential lobby and a fat core with designated express elevators. Much like the pile of disappointment office project going up where Calvary used to be on 57th, they seem to inexplicably be leaving a huge amount of profit potential on the table by not making maximum use of the site.

Wouldn't going commercial require signed tenant(s) for a construction loan?

NYguy · #**406** Posted **Sep 13, 2024, 7:17 PM**

Quote:

Originally Posted by Busy Bee

I don't know why they don't go commercial below and residential above. They've got a full block footprint so they have the space for a separate residential lobby and a fat core with designated express elevators. Much like the pile of disappointment office project going up where Calvary used to be on 57th, they seem to inexplicably be leaving a huge amount of profit potential on the table by not making maximum use of the site.

That would make more sense on a smaller lot, something similar to 520 Fifth Avenue. But in this case, to even consider commercial (office) floors, especially of that size, you need to make it worthwhile.

We’re working with half the square feet as would have been possible had Extell gone through with the ULURP (approval) process. Even if they just wanted to build a hotel/residential tower, they would still need ULURP, as all hotels now do.

I believe this is further complicated by being on a lot that covers most of the block.

Also, one important thing is that Extell now has a partner in this development, which is why its moving forward.

Extell needed to complete all of this to get the larger development.

NYguy · #**407** Posted **Sep 20, 2024, 3:52 PM**

https://www.pincusco.com/bassalali-f...fth-ave-tower/

Bassalali family files to demo Midtown West building in footprint of Extell’s Fifth Ave tower

September 20, 2024

Quote:

Adam Bassalali filed plans to demolish a 10-story Midtown West building at 15 West 46th Street...

One of the few sites on the block not part of Extell's lot assemblage (lot 27). 41 is gone, and 27 is being demo'd. Could have been a nicer footprint.

ChiND · #**408** Posted **Sep 20, 2024, 5:41 PM**

I would not be surprised if Extell buys it.

I’d like to see the crap on the south side of 46th closer to 6th get redeveloped, including that horrendous garage.

The New York Lion · #**409** Posted **Sep 25, 2024, 5:15 PM**

A photo of this proposed building at 2 times the height was posted on Yimby.

Who knows what's going on?

The New York Lion · #**410** Posted **Sep 25, 2024, 5:25 PM**

A 1,250 foot building here would be absolutely massive.

The New York Lion · #**411** Posted **Sep 25, 2024, 5:27 PM**

https://www.byencore.com/

Here is the source of the photo and the photo itself.

SamLYNY · #**412** Posted **Sep 25, 2024, 9:26 PM**

^Here it is.

Looks like this render shows the development using the space in that recently demo'd NE corner, do we know how recent it is? Maybe they re-designed it with that corner included in the floorplates?

Here's the two compared as best I could.

The New York Lion · #**413** Posted **Sep 25, 2024, 9:39 PM**

That's a fantastic eye by you, Sam.

That rendering has to be the most recent version of the building, because the previous smaller version had the little corner building.

This is amazing.

!!!!!!!!

It's at least as tall as the Empire State Building's architectural tip.

SamLYNY · #**414** Posted **Sep 25, 2024, 9:47 PM**

^Thanks, I've edited my post to include a comparison gif.

I much prefer this new(?) taller version. Feels like they're actually making good use of such an important location.

The New York Lion · #**415** Posted **Sep 25, 2024, 9:49 PM**

I've read on YIMBY that this building has 1 million square feet of development rights, and they could acquire more theoretically.

I bet a mixed used version with condos/hotel is going to rise.

ChiND · #**416** Posted **Sep 25, 2024, 10:02 PM**

They also may be acquiring the building next to the site on 46th (with the Brazilian restaurant) that just went up for sale.

NYguy · #**417** Posted **Sep 26, 2024, 12:12 AM**

Quote:

Originally Posted by The New York Lion

A photo of this proposed building at 2 times the height was posted on Yimby.

Who knows what's going on?

Extell filed for the as-of-right version of the tower. They would need to go through the public approvals process (ULURP) to build a larger tower. But who knows, they still might. Nothing is built yet.

A better look at the older version of the supertall hotel/residential tower...

https://www.byencore.com/tall-building

NaomiM16 · #**418** Posted **Oct 2, 2024, 3:53 PM**

Extell’s projects should include more affordable housing units to help address the crisis in NYC. #AffordableHousingNow #NYCRealEstate

NYguy · #**419** Posted **Oct 3, 2024, 3:30 AM**

Quote:

Originally Posted by NaomiM16

Extell’s projects should include more affordable housing units to help address the crisis in NYC. #AffordableHousingNow #NYCRealEstate

1 - There will be no housing units here.

2 - Extell is FAR from the only residential developer in New York.

3 - If you really want to fight for more affordable housing, fight to get the state cap on building housing raised.