NEW YORK | Highrise Developments Compilation Thread

[Hypothalamus]

Crain's New York:

Cars out, high-rises in on downtown Brooklyn lots
Parking facilities vanish beneath a growing tide of residential towers.


BY JOE ANUTA
MAY 4, 2014 12:01 A.M.

[...]

High on that list is a 60-year-old, five-story parking garage across Hoyt Street from Macy's Brooklyn flagship store—a plot large enough to hold an approximately 580,000-square-foot residential tower. And while the department store is keeping mum on any plans, that hasn't stopped developers from salivating over its lot, as well as two nearby street-level lots owned by Edison Properties with a total of 31,000 square feet.

Many observers expect the Macy's parcel to follow in the path of a four-story parking garage half a block to the east along Livingston Street that TF Cornerstone snapped up for $70 million last year and is developing into a 660-unit residential tower.

[...]

[chris08876]

Given the square footage of the lot, I don't think this would be a mid rise. Looks like it could possibly yield something close to 13 stories.
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East Elmhurst hotel planned alongside LaGuardia revamp

Developer David Marx plans to raise a $40 million AC Hotel by Marriott near LaGuardia Airport as the transport hub gears up for a $2 billion redevelopment of its own.

The 126-room hotel is planned for 112-24 Astoria Boulevard in the East Elmhurst neighborhood of Queens. Marx purchased the 16,141-square-foot lot for $5.5 million, according to Crain’s.

Marx told Crain’s that he plans to finish the hotel by 2016, around the same time the planned airport upgrades are slated to take off. That plan, in the process of being arranged by private financiers, aims to rebuild the main terminal by 2021.

“We see the LaGuardia market as underserved, especially in terms of there being really no new-construction hotels there that are up to par with the needs of the modern traveler,” Marx told Crain’s. “That coupled with the huge investment that’s being put into LaGuardia … this development has all the right ingredients for us.”

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May 05, 2014
http://therealdeal.com/blog/2014/05/05/east-elmhurst-hotel-planned-alongside-2b-laguardia-revamp/

[gttx]

Originally Posted by Hypothalamus

Crain's New York:

Cars out, high-rises in on downtown Brooklyn lots
Parking facilities vanish beneath a growing tide of residential towers.


[I]BY JOE ANUTA
MAY 4, 2014 12:01

There is no height limit for buildings in the Special Downtown Brooklyn District (which includes these parcels), so you could get something quite tall on these lots. Although 580,000 SF might end up as 2 towers.

[a very long weekend]

just keep the streetwall at a minimum of 5 stories, please.

[Hypothalamus]

It appears to be the southeast corner...

Commercial Observer:

Ace Hotel Likely Coming to Downtown Brooklyn
BY LAUREN ELKIES SCHRAM 5/06 3:55PM


Curbed NY

GFI Capital Resources is close to sealing a deal with the Ace Hotel to open a new lodge under its brand a few blocks away from the Barclays Center in Downtown Brooklyn, Commercial Observer has learned.

Allen Gross, president and CEO of GFI Capital Resources, has nabbed a number of parcels on Bond Street, at the corner of Schermerhorn Street, in an off-market deal, and hopes to bring a trendy Ace Hotel to the site, sources with knowledge of the deal told CO. His equity partner in the deal was Spruce Capital, which now owns a majority stake in the development site.

[...]

“We think there’s still a lot of room in the market for additional hotels especially brands like Ace that come with a hospitality and nightlife component,” said Tucker Reed, president of the Downtown Brooklyn Partnership.

A hospitality specialist said the location is perfect for an Ace because of its proximity to the Barclays Center.

An active hotel developer, Mr. Gross is a partner in the Ace Hotel New York, at 20 West 29th Street.

GFI and Spruce declined to comment. Ace Hotel’s press office declined to comment saying, “We are looking at a number of new projects including some in New York City, but we don’t have anything to announce quite yet.”

[Perklol]

Originally Posted by Hypothalamus

Many observers expect the Macy's parcel to follow in the path of a four-story parking garage half a block to the east along Livingston Street that TF Cornerstone snapped up for $70 million last year and is developing into a 660-unit residential tower

Is there a thread for that building? I'm not familiar with Brooklyn, sorry!

Also the city should just sell extra air rights like the Hudson Yards area to bring this building over 700'

[Hypothalamus]

Originally Posted by Eveningsong

Is there a thread for that building? I'm not familiar with Brooklyn, sorry!

Also the city just give them sell extra air rights like the Hudson Yards area to bring this building over 700'

I didn't find a thread for it, but since there's no developer yet, I decided not to make one just yet. It probably won't be long before a proposal is presented.

For comparison, this site is directly to the south: NEW YORK | 210 Livingston St | FT | FLOORS

And this a few blocks to the east: NEW YORK | 300 Livingston St | FT | FLOORS

[chris08876]

NURSING HOME BATTLE INTENSIFIES; HEARINGS SET FOR THIS WEEK


The most recent rendering of the proposed nursing home, via Jewish Home Lifecare. An earlier rendering is below.

Hearings are set for this week over a 20-story nursing home set to rise on West 97th street.

Jewish Home Lifecare, a nursing and rehab center now on 106th street, swapped land with a developer so that it could move to 97th and build a 20-story nursing home with space for 264 seniors and another 150 beds for short-term rehab. But parents of students at PS 163 and residents of Park West Village are fighting to stop the nursing home from being built. Hearings about an environmental review of the site will take place Wednesday and Thursday at 6:30 p.m. in the auditorium at PS 163 at 163 West 97th Street (between Amsterdam & Columbus Avenues). There will also be a rally at the school on Thursday at 8:10 a.m.

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http://www.westsiderag.com/2014/05/05/nursing-home-battle-intensifies-hearings-set-for-this-week

[Hypothalamus]

NY Post:

Real Estate Page

By Lois Weiss
May 6, 2014 | 10:22pm

[...]

Another garage could soon turn into high-priced rental apartments. Two interconnected garage buildings midblock at 267-273 W. 87th St. are now being offered through Neil Helman and Charles Kingsley of Avison Young.

We hear the expected starting rent for the site will be in the low $20s per square foot for each of the 100,000 square feet of possible new development. There is plenty of light and air to be had, but because it will be long-term leased, it cannot become a condominium. Cooperatives, rentals or even a school or other facility could become the end user. The brokers did not return requests for comment.

[chris08876]

Brooklyn Bridge Park's Pier 6 Towers Could Take These Shapes

The plan to build two residential towers at Pier 6 has proven controversial, even by Brooklyn Bridge Park standards, but if the development does end up happening, the above rendering, sent by a tipster to Brooklyn Heights Blog, shows what the towers might look like if they were smooth, translucent, and purple.

Brooklyn Bridge Park has been funded since its opening in 2002 with money from condo developments in the park itself, but even with other Brooklyn Bridge Park developments selling like crazy, the future of Pier 6 remains uncertain. Mayor Bill de Blasio is facing pressure from city and state officials to halt the progress of the two buildings and change course from the Bloomberg plan for maintaining the park. However, de Blasio is also facing pressure from just about everyone to fulfill his campaign promise of dramatically increasing the city's stock of affordable housing, meaning that having the city develop more residential buildings will always remain an attractive option.

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http://ny.curbed.com/

[Perklol]

Originally Posted by Hypothalamus

I didn't find a thread for it, but since there's no developer yet, I decided not to make one just yet. It probably won't be long before a proposal is presented.

For comparison, this site is directly to the south: NEW YORK | 210 Livingston St | FT | FLOORS

And this a few blocks to the east: NEW YORK | 300 Livingston St | FT | FLOORS

Thanks Hypothalamus.

The proposals are so close to each other and will make a nice cluster in DT

[chris08876]

Revealed: 136-72 Roosevelt Avenue

While 136-68 Roosevelt Avenue is already under construction, a project that’s significantly larger — and shares the same architect — will soon rise next door. Renderings for 136-72 Roosevelt Avenue have been posted on Raymond Chan’s website, and the site’s developer is Flushing Kent Realty Corp.

Details for the project remain semi-vague given the lack of permits, but the images on Chan’s website are accompanied by text that reveals the site’s scope, and its imminent potential. The U-shaped lot will soon give rise to two 14-story towers, with the entirety of the development spanning 300,000 square feet.

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http://www.yimbynews.com/2014/05/revealed-136-72-roosevelt-avenue.html

[chris08876]

Tessler lines up $140M financing for NoMad condo project

Tessler confirmed that plans for the 110,000-square-foot site call for a condominium tower at least 40 stories high with 70 units — a slight uptick from the previously reported 31-story, 67-unit plan exam details. The property will offer a mix of one-, two-, three- and four-bedroom units, though an exact breakdown has not yet been determined. There will be six penthouse units as well, each roughly 4,000 square feet with 18-foot high ceilings, and featuring 360-degree views. The other apartment units will have 11-foot ceilings, Tessler said. Building amenities, to be situated on two basement floors, are to include a “long” swimming pool, gym, recreation room, bicycle room, storage and a pet wash room.

Construction is slated to kick off in June, and is scheduled for completion within 24 months.

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May 07, 2014
http://therealdeal.com/blog/2014/05/07/tessler-lines-up-140m-financing-for-nomad-condo-project/

[chris08876]

Conversion:

Glenn Rufrano to convert Wellington into condos

O’Connor Capital Partners, led by Cushman & Wakefield alum Glenn Rufrano, is looking to convert the 120-unit rental building the Wellington into a high-end condominium property.

Last month, O’Connor signed a contract to buy the 241,000-square-foot building at 200 East 62nd Street from the California Public Employees’ Retirement System and GID, as The Real Deal reported. Private equity firm the Blackstone Group had financed the deal.

Plans call for residents to begin moving into the converted space by the end of 2015. Current tenants can either purchase their unit or prepare to move out when their lease is up. Rent-stabilized residents will not face eviction, the New York Daily News reported.

=================================
http://therealdeal.com/blog/2014/05/07/glenn-rufrano-to-convert-wellington-into-condos/
=================================

Building being converted:


http://www.urbanedgeny.com/sites/urbanedgeny.com/files/200_east_62nd_street.jpg

[photoLith]

I want to know how there Are that many rich people to fill these condos and new apartment buildings up.

[chris08876]

Originally Posted by photoLith

I want to know how there Are that many rich people to fill these condos and new apartment buildings up.

One of the largest concentrations of wealth in the world along with a major player when it comes to international buyers. A lot of these projects are also being bought by Americans, in this case, New Yorkers. The international market also has a big role as well. Some of these projects sell out in days. Its incredible.

Plus, incomes here tend to be very high. Alpha ++ !!!

[Perklol]

Originally Posted by chris08876

Brooklyn Bridge Park's Pier 6 Towers Could Take These Shapes




======================================
http://ny.curbed.com/

Just build in my opinion and add some shops at ground level. It will help cover up the hideous BQE and add some street life with people.

This sort of reminds of a different park+pier near 55th street on the West side. It has a nice view of the hudson river but the surrounding 1 block radius is hostile to pedestrians. A person has 15 seconds to cross the eyesore of the West Side Highway to get to/from the park and the questionable industrial shops don't help either. Also, there is no ground retail either in those block long vacant(?) buildings.

Sorry I think I went too far

[Hypothalamus]

New York YIMBY:

Permits Filed: 525 West 52nd Street
BY: NIKOLAI FEDAK ON MAY 13TH 2014 AT 6:00 AM


525 West 52nd Street -- image by Taconic/Handel

The first permits are up for a major residential project at 525 West 52nd Street, which has a multitude of partners involved; the site’s developers include the Clinton Housing Development Company, Taconic Investment Partners, and Ritterman Capital. Handel is the architect of record.

DOB filings indicate the development will be quite large, measuring 466,204 square feet; the commercial component will span 32,298 square feet on the ground level, while the residential portion will be split between 392 units. The site will be divided between two buildings, the larger of which will stand 24 stories and 230 feet tall.

The overall site has several addresses, and while the permits are filed under 533 West 52nd Street, that lot has already been built-out, and the additional buildings will be located at 525 West 52nd Street and 540 West 53rd Street.

[...]

With all necessary approvals imminent, construction should soon be underway, and the entire project should be complete by 2016.

525 West 52nd Street — image via Chelsea Now

[Hypothalamus]

New York YIMBY:

Revealed: 132 West 27th Street
BY: NIKOLAI FEDAK ON MAY 13TH 2014 AT 11:00 AM


132 West 27th Street, photo by R. BelBruno

A tipster sent in photos of on-site renderings for a new hotel at 132 West 27th Street in Chelsea, where ground has also been broken; the architect of record is Peter Poon, and the developer is Artimus NYC.

Permits for the tower — which were partially approved two weeks ago — indicate it will eventually stand 21 stories and 213 feet tall, with 124,934 square feet of space divided between 313 hotel rooms.

[...]

Poon’s latest splendor of value engineering is expected to be completed by the summer of 2016.

132 West 27th Street, photo by R. BelBruno


132 West 27th Street, photo by R. BelBruno

[chris08876]

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