NEW YORK | 175 Park Avenue (Grand Hyatt) | 1,581 FT | 92 FLOORS

[madrian]

Originally Posted by NYguy

It was never proposed at the 1,486 ft height. We went over that earlier.

Yes, I understand. However, a Zoom screenshot posted a few days ago on the Empire Station Development had the tower at 1486’ so I was wondering if there had been recent updates on the height.

[The North One]

The scale of this thing is seriously out of wack, and it will ruin almost all the sight lines of the Chrysler building. I don't blame NIMBYs for hating this one.

Plus that crown is awful.

[chris08876]

Originally Posted by The North One

The scale of this thing is seriously out of wack, and it will ruin almost all the sight lines of the Chrysler building. I don't blame NIMBYs for hating this one.

Plus that crown is awful.

Don't fall for the Layla Law-Gisiko propaganda. The NIMBYS hate everything.

Now Tower Fifth, praise the NY Sewer Rats God that Tower Fifth is not happening. That was out of scale and anemic to the whole city.

But Grand Hyatt is a welcomed addition. Another 21st Century icon, just like One Vanderbilt and 111 West 57th and 9 Dekalb.

Remember when folks cried when the ESB was at risk of getting blocked by Hudson Yards. But the city has to move on. New icons will rise.

[Xing Lin]

As much as I love this SOM design, I think it is a fallacy to think this era's skyscrapers will supplant Chrysler, ESB, et al. as icons. They've had a hundred years' head start in cementing themselves culturally, and today's talls will at best complement them.

Also, as long as Grand Hyatt is taller, I hope Tower Fifth goes ahead just for that epic observation deck.

[KevinFromTexas]

Originally Posted by NYguy

It was never proposed at the 1,486 ft height. We went over that earlier.

Based on the renderings we've seen, I would never believe a 1,486 foot height. Until we see some official ones that reflect that, I'd say no.

[The North One]

Originally Posted by chris08876

Don't fall for the Layla Law-Gisiko propaganda. The NIMBYS hate everything.

Now Tower Fifth, praise the NY Sewer Rats God that Tower Fifth is not happening. That was out of scale and anemic to the whole city.

But Grand Hyatt is a welcomed addition. Another 21st Century icon, just like One Vanderbilt and 111 West 57th and 9 Dekalb.

Remember when folks cried when the ESB was at risk of getting blocked by Hudson Yards. But the city has to move on. New icons will rise.

Tower Fifth isn't happening?! What? First I've heard that.

I mean Hudson Yards is nowhere near the ESB, this building will be literally next door to the Chrysler!

[NYguy]

^ We have no idea what’s going in with Tower Fifth.

Originally Posted by madrian

Yes, I understand. However, a Zoom screenshot posted a few days ago on the Empire Station Development had the tower at 1486’ so I was wondering if there had been recent updates on the height.

Yes, I saw that. I posted it. And there were several things wrong with it. But it doesn’t matter. Are you gonna look at a graphic put together by some intern, on something completely unrelated to this development? Or are you going to follow the facts as they are presented in official documentation?

[mcgrath618]

Originally Posted by The North One

The scale of this thing is seriously out of wack, and it will ruin almost all the sight lines of the Chrysler building. I don't blame NIMBYs for hating this one.

Plus that crown is awful.

Completely with you. It’s not a horrible building, but contextualized with its surroundings, this is going to feel… abrasive from street level.

Plop this tower almost anywhere else in the city—especially fronting Central Park—and I think that we’d have a beautiful tower. It just doesn’t work at this location.

I think that a better use of the space and height would have been, as others have said, to have setbacks at the top of the tower. This would not only respect the sight lines of Chrysler but would also contextualize it with its surroundings.

[NYguy]

One thing about supertall towers from street level, they blen in with everything else, at keadt in New York where there are a lot of tall buildings. Once you get above a certain height, it hardly matters. As was pointed out by the LPC, uts on the skyline from a distance, where the height matters. And here we will have tge best crown to grace the skyline since the Chrysler was built. The scale of the Chrysler, and ut’s prominence on the skyline is for another era. It’s time New York returned to great towers like this crowning the skyline.

[Raysiri]

Are we gaining or losing Supertall skyscrapers such as Tower Fifth??? These skyscrapers have their purpose to be added in the skyline since everything HAD to change.

[Crawford]

Originally Posted by Raysiri

Are we gaining or losing Supertall skyscrapers such as Tower Fifth??? These skyscrapers have their purpose to be added in the skyline since everything HAD to change.

Tower Fifth isn't built yet, and probably won't be built until the next office cycle, in a few years. Same as most of the other office supertalls.

[NYguy]

I don't understand why people are so concerned with Tower Fifth in this thread. When there is news on Tower Fifth, it will be reported. In it's own thread. That's the way it is with every other proposal on this forum.

[mrnyc]

Originally Posted by mcgrath618

Completely with you. It’s not a horrible building, but contextualized with its surroundings, this is going to feel… abrasive from street level.

Plop this tower almost anywhere else in the city—especially fronting Central Park—and I think that we’d have a beautiful tower. It just doesn’t work at this location.

I think that a better use of the space and height would have been, as others have said, to have setbacks at the top of the tower. This would not only respect the sight lines of Chrysler but would also contextualize it with its surroundings.

umm, yeah its not a horrible building. lol.

sure elsewhere in midtown could be fine, but i can’t think of a worse place for this tower than anywhere along central park. luckily that would never happen.

and if you want to talk about sightlines of chrysler being ruined, i’ll give you one that is ruined right now. looking east at it along 42st. because that cheap pos hyatt is in the view.

[NYguy]

https://nypost.com/2021/07/25/park-avenue-just-might-have-monopoly-on-spiffy-new-office-space/amp/

Park Avenue just might have monopoly on spiffy new office space


By Steve Cuozzo
July 25, 2021

The corridor is in the midst of a $32 billion, public and private investment spree, according to Weitzman Associates, an investment and development advisory firm — likely the most of any 17-block stretch in town.

More than $13 billion in public infrastructure work has been completed or soon will be, of which the lion’s share is $11.2 billion for the MTA’s East Side Access — the underground, eight-track terminal that will bring the Long Island Rail Road into Grand Central Terminal for the first time.

Nearly $19 billion is committed to ongoing or planned commercial development, including the rising JP Morgan Chase tower at 270 Park Ave. ($4.04 billion), recently completed One Vanderbilt at 42nd Street ($3.32 billion), and the biggest of all — the proposed Project Commodore at 175 Park Ave., a 2.5 million-square-foot office and hotel skyscraper on a site that includes the now-closed Grand Hyatt Hotel.

“There have been more fashionable destinations over the years, such as Flatiron. But at the end of the day, Park Avenue is the central spine of East Midtown,” said Weitzman principal and managing director Peter Bazeli.

The avenue’s renaissance is spurred in part by East Midtown’s rezoning, which allows much larger buildings than previously permitted in exchange for developers’ commitment to pay for public streetscape and transit upgrades.

A stroll on the avenue today — still relatively quiet as office towers await the return of most employees — reveals only part of what’s happening. Obvious changes include the JPMorgan Chase tower’s rising steel and just-completed, Foster + Partners-designed 425 Park Ave. Developed by L&L Holding Co., it will be home to Ken Griffin’s powerhouse financial firm Citadel.

Less obvious but equally important are significant upgrades in progress behind temporary plywood at avenue-straddling 230 Park Ave. (the one-time Helmsley Building), Fisher Brothers’ 299 Park and the Stahl Organization’s 277 Park.

Meanwhile, Rudin Management and Vornado are weighing a possible combined redevelopment of Vornado’s 350 Park Ave. and Rudin’s 40 E. 52nd St. behind it.

RXR Realty owns 4 million square feet at 230 Park Ave. and 237 Park Ave. and at three nearby addresses — 450 Lexington Ave., 347 Madison Ave. and 530 Fifth Ave. It’s also slated to be the lead developer of 175 Park Ave.

RXR chairman and CEO Scott Rechler said the 175 Park project is awaiting city approval under the Uniform Land Use Review Procedure, which he said could be completed by year’s end. The mega-tower would have 2 million square feet of offices. Could there really be a market for it, given today’s highly uncertain conditions?

“We’re having conversations today with anchor tenants,” Rechler said. “When you think about large companies growing in the city, when you want to be right on top of public transit, where do you find it on a scale like this?”

He said that the post-COVID market will see “a flight to quality” among space-seekers.

“People returning to the workplace need a reason to return to the workplace — an energized neighborhood clustered around nodes of activity and transit,” Rechler said. “Look at One Vanderbilt. It continued to lease up throughout the pandemic and is now 90 percent occupied. Each thing helps the overall market.”

[JMKeynes]

This icon will be a gift to the Greatest City in the World!

[mrnyc]

despite post-covid office struggles the last building to have that worry will be this one. its more going to continue to affect older structures. people will want new covid adapted settings like this will be, with better spacing, air circulation, etc.. the one vandy success is showing us that already.

[NYguy]

Originally Posted by mrnyc

despite post-covid office struggles the last building to have that worry will be this one. its more going to continue to affect older structures. people will want new covid adapted settings like this will be, with better spacing, air circulation, etc.. the one vandy success is showing us that already.

And this one won't be ready for a while, we have years of demolition and construction. With One Vanderbilt about 90% leased, east Midtown doesn't really have any major new space coming online for a few years at least. 270 Park will be Chase's headquarters. There will be smaller, boutique buildings like 415 Madison, but even that's a few years away. This building will be a gift to east Midtown and the Grand Central district.

[NYguy]

This process required multiple resolutions from CB5 for the various permits, you can read the whole thing in the link…

https://www.cb5.org/cb5m/resolutions/2021-july/resolution_3/

At the regularly scheduled monthly Community Board Five meeting on Thursday, July 08, 2021, the following resolution passed with a vote of 35 in favor; 0 opposed; 1 abstaining:

WHEREAS, Commodore Owner LLC, RxR, and TF Cornerstone are seeking multiple approvals to redevelop the Grand Hyatt New York Hotel, which prior to 1977 was known as the Commodore Hotel, and is located at the northwest corner of East 42nd Street and Lexington Avenue

….. WHEREAS, According to the 1977 redevelopment agreement, if the Hyatt Corporation were to break its 99 year lease with the New York State Urban Development Corporation for the Commodore Hotel site, ownership of the site would revert from the State back to the City of New York; and

WHEREAS, The developers, RxR and TF Cornerstone, have entered into an agreement with Hyatt Corporation for Hyatt to break its lease with the State and the developers have entered into a new lease agreement with the site’s new owner, the City of New York, that would give the developers the Right of First Offer if the City decides to sell the property in the future;

….. WHEREAS, The developers hope to use several special permits, waivers, and zoning text amendments to build a 39 FAR, 83-story, 1,646 foot tall tower that will contain 2.25 million square feet of space, including transit improvements, pedestrian circulation space, and public outdoor space; and

WHEREAS, The developers propose to complete the new tower, transit improvements, and public outdoor space by 2030 after 18 months of demolition and 47 months of construction;

….. WHEREAS, Manhattan Community Board Five finds it is appropriate for a Zoning Resolution text amendment to allow the City Planning Commission to extend the four-year term of Special Permits in order for substantial work to be completed and finds that a ten-year term at the Grand Hyatt site is appropriate;

….. WHEREAS, Manhattan Community Board Five has no objection to the City of New York entering into an agreement which will allow the City to reacquire ownership of the development site, and if the City sells the lot, to give the developers the Right of First Offer; therefore be it

RESOLVED, Manhattan Community Board Five approves with strict restrictions the application by 175 Park Avenue for the many Special Permits, Zoning Resolution text amendments, waivers, public designs, and the disposition of City-owned property…

[JMKeynes]

Good news, especially the 1,646’ height!

It’s great to be the Financial Capital of the World!

[Busy Bee]

Yes yes yes yes yes