NEW YORK | 574 5th Ave (Extell) | 567 FT | 32 FLOORS - Page 2

chris08876 · #21 Posted **Jan 16, 2016, 2:48 AM**

Another super tall.

Just towers over the GE Building in the mass model.

patriotizzy · #22 Posted **Jan 19, 2016, 8:02 PM**

JR Ewing said the corner building will also be torn down, but to me it looks like it's being renovated along with the construction of the new building?

chris08876 · #23 Posted **Mar 8, 2016, 10:10 PM**

The diamond district is a playground for foreign investors and this developer

Quote:

One of the city's most prolific developers has been collecting parcels in Manhattan's diamond district, perhaps signaling a major new development there.

In December 2015, Gary Barnett's Extell Development, the builder behind the ultraluxury One57 condo tower and One Riverside Park, bought control of 562 and 564 Fifth Ave., between West 46th and 47th streets. In January, Extell filed for demolition permits for six slender buildings next door to Nos. 562 and 564.

The firm owns enough addresses on the east end of the block—including two buildings other than the six slated for demolition and the two recently purchased—that it could build one of the biggest new towers along Fifth Avenue in years. The 10 buildings amount to more than 260,000 existing square feet, with several thousand more in developable air rights.

They are also on a block that has long been the hub of the North American jewelry trade. There are more than 2,600 jewelry-related businesses in the diamond district, according to the area's business improvement district. Most are small, independent vendors. Together, they ensure steady foot traffic to the block and its environs.

The eight buildings clustered contiguously at the corner of West 46th and Fifth run to more than 110,000 square feet combined. The other two buildings are the 78,230-square-foot 2 W. 47th St. and the 71,738-square-foot 10 W. 47th St.

Extell has already built big on the block. It completed its International Gem Tower at 50 W. 47th St. in 2012. It is not yet clear what the purpose of a new Extell project along Fifth Avenue would be—the firm did not respond to requests for comment—but its shopping spree along the block has created one of New York real estate's biggest guessing games.

===============================
http://www.crainsnewyork.com/article...alert-20160308

sparkling · #24 Posted **Mar 22, 2016, 12:34 PM**

Fifth Ave.’s makeover could bring new indoor shopping mall

Steve Cuozzo
March 21, 2016

Quote:

As Fifth Avenue below Saks gradually sheds its schlocky retail image, Extell chief Gary Barnett has his eye on a project that would accelerate the avenue’s ongoing upmarket trend.

Among other options he’s considering, Barnett might build an “internal” shopping mall that would front on Fifth Avenue’s west side between West 46th and West 47th streets, and have an apartment tower or hotel on top.

“We think the market is there for a home to merchants at rents that merchants can afford,” Barnett said.

The retail complex — which might also accommodate a single department store — would basically be T-shaped. Its main or only entrance would be on Fifth Avenue, with most of the shopping area arrayed from north to south between 46th and 47th streets.

Extell owns or controls 10 different buildings on the north and south sides of West 46th and 47th streets as well as on part of the west Fifth Avenue blockfront between them. The assemblage now includes 562-564 Fifth Ave. at the crucial northwest corner of Fifth and West 46th and extends nearly 250 feet west along the side street.

Barnett emphasized that no decisions have been made even though demolition of old buildings will start next month. “You can ask me anything you want [about] what we’ll do because I don’t know myself,” he laughed.

But the Fifth Avenue mall notion is the first time he’s spoken publicly about Extell’s possible intentions. Barnett said other possibilities include an office building with a smaller volume of retail at the base.

You can only marvel at a company confident enough to still be weighing options after it’s spent hundreds of millions of dollars over the past few years buying buildings, leaseholds and air rights from landlords including SL Green and Thor Equities.

Right now, many of the properties are an eyesore — vacant at street level and buried under sidewalk bridges and black netting.

But Extell isn’t one of those “developers” that ravage a block and leave it a mess until a white knight comes along — as its long-in-coming but ultimately successful projects such as One57 and the International Gem Tower on West 47th Street prove.

NYguy · #25 Posted **Mar 22, 2016, 2:30 PM**

I was just looking at the site yesterday. More shopping makes sense, considering its 5th Ave and the volume of pedestrian traffic is always high. Barnett seems to be considering a Trump-tower-like development.

Submariner · #26 Posted **Mar 22, 2016, 4:52 PM**

Is there an overlay of what buildings he owns or controls?

Crawford · #27 Posted **Mar 22, 2016, 5:56 PM**

Quote:

Originally Posted by Submariner

Is there an overlay of what buildings he owns or controls?

The development site is almost everything between 46th and 47th, on the west side of Fifth.

chris08876 · #28 Posted **May 3, 2016, 10:50 PM**

Extell Files to Demolish Two More Fifth Avenue Buildings For Its Mega-Midtown Assemblage

Quote:

Back in January, 6sqft reported that the busybodies at Extell Development filed permits to demolish a string of six tumble-turned walk-up buildings between 3 and 13 West 46th Street in Midtown. Now, as expected, the Gary Barnett-led firm has filed permits to demolish the Warren & Wetmore-designed corner building at 562 Fifth Avenue and a somewhat incongruous Tudor-style building at 564 Fifth Avenue.

While none of the condemned buildings are extraordinary in design, 562 Fifth Avenue is perhaps a more tasteful affair than most of the schlock going up these days. Designed by the same architects as Grand Central Terminal, the slivery 13-story commercial building was once known as the I. Miller Building and features intricately ornamented spandrel areas, a pedimented roofline, and an unoriginal albeit charming Fifth Avenue storefront.

Just last week, Untapped Cities published a thorough history of the building site going back to when it was the four-story mansion of Caroline S. Harper. They report that in 1909, florist Charles Thorley moved his blossoming flower business to the location and made extensive renovations that included “adding French architecture, painting the building white with green trim, and placing green vines and shrubs all along the Fifth Avenue side.” The American Florist reported in 1916, “the whole effect was stunning and bound to arrest the attention of the thousands that pass by every hour.” Let’s hope whatever Extell produces will result in half the interest.

The other building now officially on the chopping block is the Tudor-style building at 564-568 Fifth Avenue that was once the home of Edmund L. Goodman’s menswear store known as Finchley’s Castle. Blogger Daytonian in New York wrote that in 1924, Goodman zeroed in on the Fifth Avenue prime address and commissioned architect Beverly King to re-imagine the building with an English-like atmosphere to match “the tweeds and ties and King produced.” While the building’s ground level was butchered in the 1970s, its upper levels remained intact, “echoing Elizabethan England.”

These two latest filings bring the official count of of doomed pre-wars to ten buildings. In March, Extell submitted an application to raze a portly 13-story building at 2 West 47th Street that the Time’s Christopher Gray reported was at one point a kind of architectural center. In addition, demolition applications were recently reprocessed for 570 and 574 Fifth Avenue, garnering the developer almost 125 feet of coveted Fifth Avenue frontage and bringing the footprint to nearly 30,000 square feet.

[...]

======================
http://www.6sqft.com/extell-files-to...wn-assemblage/

hunser · #29 Posted **May 4, 2016, 1:27 PM**

That is great news! Something big will go up here ...

Submariner · #30 Posted **May 4, 2016, 2:03 PM**

Does anyone have an overlay of the building a to be razed?

Busy Bee · #31 Posted **May 4, 2016, 2:18 PM**

Well it looks like 562 is biting the dust afterall. Kind of a shame. It would have been more interesting to weave the base of a new tower around it.

chris08876 · #32 Posted **Jul 19, 2016, 9:53 PM**

Extell Plans to Demolish 10 Diamond District Buildings, Records Show

Quote:

DIAMOND DISTRICT — Extell Development has obtained demolition permits for 10 adjacent buildings in the neighborhood for an as-yet unannounced project, possibly forcing hundreds of jewelers and other businesses to relocate, according to records and sources.

The buildings are on West 46th and West 47th streets, near Fifth Avenue. The city last week gave the go-ahead to demolish 10 W. 47th St., a 14-story building, formerly home to numerous jewelers, gem cutters, and diamond exchanges, that Extell bought last August for $74 million, records show.

It has also caused rents to rise for neighborhood businesses that remain.

“It has been a major dislocation for the people in those buildings, and because of that the rents have gone up,” said a source familiar with the neighborhood's real estate market. “It’s the same amount of jewelers competing for less space, so of course it’s just supply and demand. Everyone is saying they need space but can’t find it.”

Department of Buildings records show 10 W. 47th St. joins the following buildings on the chopping block:

► 2 W. 47th St., which had its demolition permit approved in March.

► 562 and 564 Fifth Ave. between West 46th and West 47th, two buildings approved for demolition in May.

► 3-13 W 46th St., all of which were approved for demolition in January.

Rumors have swirled about the project since Extell bought 10 W. 47th St. last year, with suspected projects including a hotel or a shopping mall. But there has been no word from Extell or its CEO Gary Barnett, himself a former diamond trader. The building appears to be currently empty.

Representatives for Extell did not respond to requests for comment.

“It’s definitely going to change the face of 47th Street, but what it will be I don’t think anyone has any idea yet, ” the source said. “It’s a family-driven industry and your heart goes out to people who may have been in the same spot for 30 or 40 years who have to leave.”

Extell has spent hundreds of millions of dollars buying up the properties it now plans to demolish, according to property records.

Whatever Extell builds on the block, it won’t be Barnett’s first foray into the Diamond District.

==========================
https://www.dnainfo.com/new-york/201...s-records-show