NEW YORK | 45 East 45th St (Roosevelt Hotel) | FT | FLOORS

[JMKeynes]

Originally Posted by jackster99

At first I was really pissed at the idea of this being torn down. But the more I look at pictures of it, it's not that outstanding of a building. Plenty more that are more beautiful and ornate.

As long as it is replaced with a supertall or even something in the 700-900 foot range and hopefully starchitect designed, I think it will be an acceptable loss.

You should see it in person. It's a beautiful building. I am not pleased to see it go, but it's a fait accompli. Hopefully, something very impressive will rise in its place.

[Busy Bee]

It's not as much it's individual uniqueness or architectural merits as much as its historic texture being an original Terminal City structure and how that is advantageous to the character of the neighborhood. The reality of the East Midtown rezoning presents an opportunity for outstanding projects but it also represents a risk of losing too much of the historic stock and leaving a cold glass and steel environment in its wake instead of the diversity of old and new structures side by side that makes this city so wonderful to experience. There's a reason no one enjoys strolling around Hudson Yards.

[jackster99]

Originally Posted by Busy Bee

It's not as much it's individual uniqueness or architectural merits as much as its historic texture being an original Terminal City structure and how that is advantageous to the character of the neighborhood. The reality of the East Midtown rezoning presents an opportunity for outstanding projects but it also represents a risk of losing too much of the historic stock and leaving a cold glass and steel environment in its wake instead of the diversity of old and new structures side by side that makes this city so wonderful to experience. There's a reason no one enjoys strolling around Hudson Yards.

I 100% agree with what you are saying. And if what they do replace this with is a 500-600 foot tall blue glass box, I would absolutely rather keep the current building.

But if they propose something special, even half as nice as 270 Park or 175 Park, IMO it will be a win and acceptable replacement.

[Zapatan]

Seems like a waste to put a 5-600 foot tall blue box in Manhattan

This would be a good spot for something really tall...

[NYguy]

Originally Posted by jackster99

At first I was really pissed at the idea of this being torn down. But the more I look at pictures of it, it's not that outstanding of a building. Plenty more that are more beautiful and ornate.

As long as it is replaced with a supertall or even something in the 700-900 foot range and hopefully starchitect designed, I think it will be an acceptable loss.

It’s nice, but it’s not “I can’t believe they’re gonna tear it down” nice.

Originally Posted by Busy Bee

It's not as much it's individual uniqueness or architectural merits as much as its historic texture being an original Terminal City structure and how that is advantageous to the character of the neighborhood.

I’m glad you bring up Terminal City, because that’s exactly what we’re seeing, the legacy of Terminal City. And I hate to tell you, but that legacy is not for old buildings to stand for all time to represent another era. The legacy of Terminal City stands stronger than ever now, especially with the newly opened Madison Grand. And it’s why the City can enjoy new developments like One Vanderbilt, 270 Park, 175 Park, and others. Other places may see the cores of their cities wither away in importance, but thankfully the city understands what it has here.

Originally Posted by Zapatan

Seems like a waste to put a 5-600 foot tall blue box in Manhattan

What is this 5-600 foot tall blue box you speak of?

[Zapatan]

Originally Posted by NYguy

What is this 5-600 foot tall blue box you speak of?

Responding to the guy above me.

[NYguy]

Originally Posted by Zapatan

Responding to the guy above me.

Yeah, well he doesn't get to decide what gets built on this site, nor does what he suggest follow any logic. So relax.

[Busy Bee]

Damn what did JMKeynes do now? That guy just can't keep his foot out of his mouth. Luckily we'll still get to hear from him when The New York Lion shows up to post.

[NYguy]

When you think about it, it's amazing that what was put in motion over a century ago is still as relevant and more so today.....






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Seems we're now headed here in some form...

[NYguy]

Standing above the site of 343 Madison...


FEBRUARY 25, 2023

[DeSelby]

A while ago I was searching Google images for something completely different and randomly found a Rafael Vinoly design for this site from 2015. I guess the owners were considering redevelopment back then as well.

A mixed-use tower. Feasibility studies. Located in Midtown of Manhattan. Role as Design Team Member during Schematic Design while at Rafael Viñoly Architects. Rendering by Rafael Viñoly Architects.

Tram Anh Marciano https://tramanh.co/

[NYguy]

^ I remember seeing that around here somewhere. This site has long been looked at as a redevelopment site, mostly because there aren't large development sites available in Midtown, especially in the heart of it. But I'm glad that was never built.

[NYguy]

Thought they would reopen as a hotel in the interim, but guess not…


https://www.hotelmanagement-network.com/news/roosevelt-hotel-rental-deal-nycg/

Roosevelt Hotel secures three year rental deal from NYCG
The Economic Coordination Committee (ECC) of Pakistan's Cabinet authorised the offer in principle.


May 1, 2023

Pakistan-owned Roosevelt Hotel has received a three-year rental offer from the New York City Government (NYCG) for its 1,025 rooms, reported Dawn.

This deal is expected to bring in around $18m in net cash flows in place of more than $160m in carrying costs for the same period.

The Economic Coordination Committee (ECC) of Pakistan’s Cabinet authorised the offer in principle.

A four-member committee was formed to discuss the agreement with NYCG and the hotel’s worker union.

While the Aviation Division and Pakistan International Airline-Investment Ltd (PIA-IL) had been collaborating on a strategy under government directives to relaunch the property through revamp and severance cost with the hotel’s worker union, New York City offered to use the building’s 1,025 rooms.

These rooms will accommodate immigrants for three years, starting at $200 a day.

The offer includes a 14-month guaranteed duration and a four-month termination notice period.

The contract will begin on 15 May, with a $200 per-night rent for the first year, $205 for the second year, and $210 for the third year.

New York City will cover the taxes and make a monthly rent payment of $1.74m in advance on the first of each month.

PIA-IL has to deliver approximately 500 rooms to New York City immediately on the initial day of the agreement of 15 May.

This will be followed by 400 more rooms before 30 days and 125 rooms after that. This needed $1.145m for re-opening works and was already available as a government grant through PIA-IL.

The ECC also permitted PIA-IL/RHC (Roosevelt Hotel Co) to pull out $1.14m from the remaining funds available as bridge funding to begin the hotel’s re-opening work.

[Busy Bee]

Inflammatory coverage in right wing media in 3, 2, 1...

[NYguy]

https://www.brecorder.com/news/40240236

PIA-IL Management had further stated that Union and the City were well aware of the precarious financial position of the Hotel, and as such, were assisting Hotel in securing immigrant’s business which in turn would help the Union in seeking a financial settlement with the Hotel.

Ministry of Aviation further informed that in addition to the proposed settlement with the Union, it was anticipated that total outstanding liabilities/ one off expense of $25.7 million would be paid out of the revenues to be derived from City Contract. PIA-IL Management had also noted that serious settlement discussion with the Union was in progress.

It was further noted by the Ministry that as per recent deliberations with the Union, it appeared that the agreement with the Union could be achieved on specific terms. The estimated financial exposure of the Hotel for achieving a global settlement with the Union, as advised by Aimbridge, and subject to agreeing with the Union, appeared to be $ 56 million based on the assumption that of the total 469 union employees who were severed, 77 would be recalled, and remaining 392 employees would accept severance.

Aviation Ministry argued that since time was of extreme essence, the opportunity offered by New York City needed to be availed without wasting further time to overcome the financial challenges being faced by RHC and to avoid creation of further liability for the national exchequer.

[NYguy]

May 5, 2023

[NYguy]

https://nypost.com/2023/05/09/nyc-eyeing-225m-deal-to-house-migrants-in-roosevelt-hotel/

NYC eyeing $225M deal to house migrants in famed Roosevelt Hotel: sources


By Bernadette Hogan, Kevin Sheehan, Haley Brown and Emily Crane
May 9, 2023

Hundreds of asylum seekers could be poised to reside at New York City’s Roosevelt Hotel in the coming weeks, with the Big Apple eying a deal to turn the iconic building into its latest migrant shelter, The Post has learned.

The Adams administration is in talks to convert the historic Manhattan hotel, located at 45 East 45th Street, into an emergency shelter as the city grapples with the ongoing surge of migrants, several people familiar with the matter said Tuesday.

“While there have been few details revealed about this proposal, City Hall has confirmed to me that there are significant discussions taking place to provide temporary housing for migrant families, as well as other services at this location,” Fred Cerullo, president of the Grand Central Partnership, said.

The Big Apple reportedly offered to secure 1,025 hotel rooms for migrants on a daily basis for 36 months at the rate of $200, according to Minute Mirror, a Pakistani news site. The Post has not been able to independently confirm these details.

That’s an estimated eye-watering total of $225 million over three years.

The 1,000-room luxury hotel, owned by Pakistan International Airlines, shuttered in 2020 due to financial strains brought on by the COVID pandemic and has yet to reopen, though a handful of businesses still operate storefronts on the ground floor of the building.

Multiple construction and cleaning crews were spotted coming-and-going from the hotel lobby on Tuesday, including a handful of workers who were spiffing up the front entrance.

“Everyone is under the — to get everything done. To make it suitable living conditions for people,” according to one contractor, who said his company was hired a week ago to make sure the plumbing is adequate.

“It’s not terrible. It’s old and the building is outdated.

“But it was an operational hotel up until a few years ago so it’s not in shambles but it needs some TLC.”

The contractor, who didn’t want to be named, said it was no secret among all the workers that they are getting the space ready to house migrants.

He added that some workers were tasked with setting up an intake facility in the hotel’s once-grand lobby.

“Today it was mostly just setting up the lobby for chairs for intake and how they’re going to sort things out to get them rooms,” the worker said.

City Hall did not respond to The Post’s request for comment about the deal.

Still, Manhattan City Councilman Keith Powers, who has been pushing for the hotel to be designated a historic site, said he was aware of the city’s plans.

“It’s an iconic location worthy of preservation and this is helping to solve two problems at the same time by preserving it as a hotel and addressing an ongoing crisis but we have to make sure that opening a location of this size is done in an appropriate fashion,” Powers said.

.....According to local media reports, the Pakistani government revealed plans earlier this year to turn the site into a “mixed-use high rise tower.”

[Charmy2]

Originally Posted by DeSelby

A while ago I was searching Google images for something completely different and randomly found a Rafael Vinoly design for this site from 2015. I guess the owners were considering redevelopment back then as well.






Tram Anh Marciano https://tramanh.co/

I actually quite like that. I think that if it were to actually be built it would fit in well with One Vanderbilt, 270 Park, and 343 Madison (and eventually 175 Park!)

Is it actually being built? I'm a little lost here.

[DeSelby]

No, the source website says that was just a conceptual study produced by Rafael Vinoly Architects in response to a private request for proposals back in 2015. Presumably the owners considered redeveloping the hotel into a tower back when the Vanderbilt Avenue corridor rezoning came into effect, but opted not to at that time. I remember Milstein was also going to redevelop 335 Madison two blocks south into a tower around the same time, but they decided against it as well.

Probably wishful thinking, but when something is finally built here I hope it's in the 1600+ ft range because it's the perfect site for a tall peak smack dab between the ~1400 footers One Vanderbilt and 270 Park. Either that or something in the 1000--1100 ft range. Just not another ~1400 footer because that would create too much of a flat plateau along Madison.

[NYguy]

Just to be clear. (I thought it was), there is no design for what will be here. They first have to select a developer to partner with, then a design team before we even have an idea what it could look like. In the interim, it will be one of the sites to house migrants.