NEW YORK | 41 West 57th Street | 1,100 FT | 63 FLOORS
Something will eventually rise here. Conceptual rendering, but I believe shows potential of area.
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Turkish developer Sedesco adds to Billionaires’ Row assemblage with $80M buy
Quote:
Turkish developer Sedesco is putting together a Billionaires’ Row assemblage with the purchase of a development site for $80 million.
Sedesco closed last week on its purchase of the property at 41 West 57th Street from Florida-based seller Asuman Polat, property records filed with the city Tuesday show.
The purchase gives Midtown-based Sedesco about 100,000 square feet of buildable area on the block between Fifth and Sixth avenues. The company in 2012 paid $71.5 million to buy an adjacent property at 50 West 58th Street.
Neither Sedesco nor Polat could be immediately reached for comment.
The purchase now gives Sedesco full control of the property at 41 West 57th Street, which is a point of contention between Polat and billionaire real estate investor Kamran Hakim.
Polat triple net leased the property to Hakim in 1998 for a term of 40 years, expiring in 2028. In October of last year, Hakim transferred the lease to Sedesco for $27.9 million, property records show.
But in March, Polat filed a lawsuit in Manhattan State Supreme Court claiming Hakim defaulted on the lease in July 2016 by failing to pay more than $60,000 he owed to the landlord.
The case is still ongoing.
Renderings for an ornate, 102-story residential tower at the site appeared online in 2015, though they appear to be merely conceptual.
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
^Some kooky vision rendering not alt all based in reality, so more or less, yes, a joke.
When this was released a couple years ago (?) I think I remember several pages of snark with a potpourri of comments suggesting the top would be satans penthouse.
At least whatever rises here, will replace a mundane section of 57th.
Quote:
Property photo for 41 West 57th Street, New York, NY 10019
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Property Overview
Property address 41 W 57th St
Zip code 10019
Borough Manhattan
Block & lot 01273-0010
Lot dimensions
Lot sqft 3,414 i
Buildings on lot 1
Building class Office with Commercial 7-19 Stories (O6)
Year built 1925
Building Sq. Ft.
Zoning
About 43 W 57th St
Located in Midtown Manhattan, this commercial office building is situated at 43 West 57th Street. Construction on the structure ended in the year 1921 and resulted in 9 stories above the New York street line and a total of 40,000 square feet of rentable office space.
Each floor of this commercial building has access to an elevator, which makes ascending the building convenient for the tenants. The office spaces all contain high-end finishes and fixtures that make them ideal for upscale offices, showrooms and other business ventures.
LLadro' is the grounding tenant of 43 West 57th Street, and there are many other big-name neighbors in the area. Personal services, restaurants, high-end shops and the New York Health and Racquet Club are just some of the neighborhood amenities.
Large dark-framed windows ground the open and airy interior spaces and bring in tons of natural light. In addition to the incoming sunlight, pot lights fill the ceilings and ensure that each office space has ample illumination for daily business.
Framed by light-colored stone, the center of 43 West 57th Street is covered in reflective glass. Building detail includes stone carvings, dark window framing and marble along the ground floor.
Oh man, this thing is so unbelievably outrageous that I hope it gets built!
(Not totally serious. But kinda.)
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"Then each time Fleetwood would be not so much overcome by remorse as bedazzled at having been shown the secret backlands of wealth, and how sooner or later it depended on some act of murder, seldom limited to once."
^ I wish it would get built somewhere. We deserve some outrageously insane architecture.
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Originally Posted by tdawg
This is a joke, right? RIGHT?
Not a joke, not what's being planned. (Most likely).
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
It was just a vision, but I think the general concept is that this will be developed. Hopefully it will be big for the area, like most things on 57th Street.
Oh god let the gothic hodgepodge of excess be a joke
Don't worry, Satan's Penthouse was just some fantasy tower design from several years ago. I think it's goal was to be so ostentatious, you're left sort of speechless, and in that regard it was a success.
Demolition permits filed for yet another Billionaires Row project
February 14, 2019
JOE ANUTA
Quote:
Yet another tower is coming to Billionaires Row.
Sedesco, a subsidiary of an Istanbul-based firm, filed demolition permits for a pair of buildings along West 57th Street last week, according to city documents. Along with an adjacent building to the north, the company appears to be prepping the through-block site for a new project.
The Turkish developer has spent about $223 million buying out a ground lease and purchasing the three properties for the assemblage. Together the sites could generate a 100,000-square-foot project, according to a Real Deal report. The Department of Buildings said it is still reviewing the pair of demolition permits for 41 and 43 W. 57th St. It already granted permission to tear down the adjacent building, at 50 W. 58th St.
An architecture firm released unusual renderings in 2015 for a soaring tower on the property, featuring over-the-top ornamentation. But Sedesco, which also owns an office building on the block, said the outlandish vision has nothing to do with the company or the parcel.
"We did not create that rendering and have no intention whatsoever to develop any property into any version of the rendering," Derek Gilchrist, the firm's general counsel, said in a statement.
Crain's reported this week that developer Sheldon Solow plans to raze two buildings nearby as part of a project that includes a hotel and a residential tower across from his namesake office tower at 9 W. 57th St.
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
I hope that this new tower has the same height as the visionary tower.
Whatever the height, it will have to contend with the Park Lane site.
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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NEW YORK | 41 West 57th Street | 1,100 FT | 63 FLOORS
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