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

[JMKeynes]

Originally Posted by DCReid

I bet 1 Vandy's developer wish they did not lop off the 100 feet!

I think that that just came off the spire, and if that’s the case, I think that the spire is perfectly proportioned.

[NYguy]

Originally Posted by DCReid

I bet 1 Vandy's developer wish they did not lop off the 100 feet!

They weren’t concerned about the height. It’s the office floors they were marketing, and the results speak for themselves. Creating smaller floor plates to go higher wouldn’t have made more success.

[The New York Lion]

Originally Posted by NYguy

They weren’t concerned about the height. It’s the office floors they were marketing, and the results speak for themselves. Creating smaller floor plates to go higher wouldn’t have made more success.

Mr. Holliday, CEO of SL Green, actually has said he wishes he had 20 more floors at the top of the building. That's how much demand there has been.

[NYguy]

Originally Posted by The New York Lion

Mr. Holliday, CEO of SL Green, actually has said he wishes he had 20 more floors at the top of the building. That's how much demand there has been.

Yeah, but they got a pretty decent FAR on the site (33 I believe). That just goes to show, although the City upzoned the area, the artificial limits still cut the potential of what could be built. The sites immediately bordering Grand Central should have been granted "unlimited" FAR. That just means developers would have been able to build to the market, and not have to battle through multiple approval processes. And it's not as if the FAR bonuses are outright, they have to pay a significant amount of money just to get to 33.

It's a similar method to how the skyscrapers are being built in Hudson Yards. There was a proposal by City Planning for some sites with unlimited FARs (50 Hudson, 55 Hudson, 3 Hudson, the Spiral, and even 2 Penn), but the City Council (of course) didn't like the aspect of not having control. Technically though, there would have been some limit on size of those buildings, because like in east Midtown, it was never a blanket upzoning. All of the Hudson Yards sites require payments to achieve maximum zoning FARs, and they transfer development rights from the railyards.

So, while it's good that the city benefits from the extra funding for improvements and infrastructure, it just makes building in an already expensive city to build in even more expensive. That makes the amount of construction we see in the Hudson Yards and on the verge of in east Midtown that more impressive.

[JMKeynes]

There's really no other place like NY.

P.S.: I can’t wait to see what’s planned for the old Pfizer site.

https://www.6sqft.com/city-council-appro...edevelopment-project-at-175-park-avenue/

[Busy Bee]

I really wish they'd replace those lame 1990's pomo streetlights along 42nd street with something either genuinely historic or go full super-modern. They just look quite tired in person.

[JMKeynes]

I wish that 42nd St (and all the other major cross-town thoroughfares (e.g, Canal, Houston, 14th, 23rd, 34th, 57th, 79th, 86th, and 96th) were made one-way and had only two lanes of traffic and have massive amounts of greenspace added.

[NYguy]

[chris08876]

Originally Posted by JMKeynes

I wish that 42nd St (and all the other major cross-town thoroughfares (e.g, Canal, Houston, 14th, 23rd, 34th, 57th, 79th, 86th, and 96th) were made one-way and had only two lanes of traffic and have massive amounts of greenspace added.

I can't see Canal doing that, ever. Its already jammed up as it is with the trucks spanning for two miles. Would suck in the sense that it would funnel a lot of the traffic to the side streets.

42nd would be ideal IMO and 79th.

I think 34th is just to busy for that to happen. The Bus only lanes already cause some issues during certain times.

[Zerton]

It's genius how the design elements evoke those of the Chrysler Building without copying them or overpowering.

[JMKeynes]

Originally Posted by chris08876

I can't see Canal doing that, ever. Its already jammed up as it is with the trucks spanning for two miles. Would suck in the sense that it would funnel a lot of the traffic to the side streets.

42nd would be ideal IMO and 79th.

I think 34th is just to busy for that to happen. The Bus only lanes already cause some issues during certain times.

I’d like to see deliveries restricted to nighttime. It’s crazy to have tons of trucks clogging the streets during the day.

[NYguy]

Originally Posted by Zerton

It's genius how the design elements evoke those of the Chrysler Building without copying them or overpowering.

That’s exactly right. I think of it as a modern Chrysler. And with the growth of the skyline, we need it.

[NYguy]

And we are officially, officially done.

[Raysiri]

“No veto”? Does that mean it’s not approved???

[JMKeynes]

[Xing Lin]

Originally Posted by Raysiri

“No veto”? Does that mean it’s not approved???

"Veto" means to block. "No veto" is exactly what you want to hear in this case!

[chris08876]

A good day!

2nd tallest on its way.

Now we just await Affirmation.

[Busy Bee]

^ Awaiting Affirmation sounds like Oprah's latest spirituality book.

[NYguy]

Merry Christmas!


https://www.bloomberg.com/news/articles/...lanned-at-grand-hyatt-site-moves-forward


Manhattan Office Tower Planned at Grand Hyatt Site Moves Forward
RXR, TF Cornerstone complete entitlement process for 1,575-foot-tall building next to Grand Central Terminal.





By Patrick Clark
December 22, 2021

A massive office tower taking shape next to Grand Central Terminal in Manhattan is the latest evidence that the pandemic hasn’t diminished the real estate industry’s appetite for city-shaping projects.

RXR Realty and TF Cornerstone’s plans for a 1,575-foot-tall tower (480 meters), which would be among the city’s tallest, were recently approved by the city council, clearing the way for a mixed-use building on the site of a Grand Hyatt that includes more than 2 million square feet of office space and up to 500 hotels rooms.

The project, dubbed 175 Park Ave., is what city officials envisioned when they rezoned East Midtown to promote the development of new office towers near Grand Central, said Jeff Nelson, a senior vice president at RXR.

“We’ve always strongly believed the city will continue to be the magnet for talent and the economic engine that it has been historically,” said Nelson. “If you think about where the city’s center of gravity will be, it will be around Grand Central.”

When 175 Park opens, it will join a nexus of high-end office towers beckoning to the financial companies that have traditionally called the area around Grand Central home. Others include JPMorgan's planned headquarters nearby on Park Avenue, as well as SL Green's One Vanderbilt. A little further uptown, Citadel plans to move into 425 Park Ave.

A separate hub is emerging on the west side, where Gov. Kathy Hochul’s plan to redevelop Penn Station includes several new office towers just east of Hudson Yards, which has already proven appealing to tech and financial firms.

[JMKeynes]

This is iconic!!!