NEW YORK | 520 5th Ave | 1,002 FT | 76 FLOORS

[scalziand]

Relax, 500 5th is a landmark and isn't getting changed.

Might I also remind you of 30 Park Place, 220 CPS, and 520 Park Ave, new masonry towers >~800'.

[sparkling]

An interesting proposal a few blocks away!

666 Fifth Ave. may be transformed into a slender tower

Amanda Fung
September 10, 2015

The office tower at 666 Fifth Ave. may be turned into a mall, hotel and residential tower. Jared Kushner and Steve Roth's Vornado Realty Trust is mulling the repositioning of the 41-story, 1957-era building, according to the New York Post.

The Pritzker Prize-winning architect Zaha Hadid has already prepared a plan that would restack 666 Fifth Ave. into a slender, super-tall hotel and residential tower above a vertical retail podium. Vornado controls the property's retail condominium, which it bought from Mr. Kushner, Carlyle and Crown Acquisitions three years ago for $710 million.

[Eidolon]

^^^^

Made a thread about it.

[chris08876]

Ceruzzi, SMI USA Drop Hotel Plans, Opt for Pied-à-Terres at 520 Fifth Avenue

Ceruzzi Properties and Shanghai Municipal Investment USA have decided to include pied-à-terre apartments, rather than hotel rooms, on the bottom floors of their mixed-use property located at the corner of West 43rd Street and Fifth Avenue, Commercial Observer has learned.

This summer, the partners bought the building at 520 Fifth Avenue from Joseph Sitt’s Thor Equities for $325 million, as CO previously reported. Plans initially called for retail at the base, a hotel with 150 to 180 rooms above and then residential condominiums at the top, but they decided two days ago to abandon the hotel plans.

“It was a little bit of a tight site, Ceruzzi head Lou Ceruzzi told CO.

Between a loading dock, a separate lobby and elevators going to different floors, the developers would have had to relinquish part of the valuable retail space if they included a hotel component. The profitability of the project should be the same with the pied-à-terres, Mr. Ceruzzi said.

“The retail is just so valuable that we wanted to be able to maximize our ability to profit from that,” he said. “And also to be able to have a large continuous block of space on the first floor on Fifth Avenue, that probably would be needed in order to get a larger tenant in there on two floors. A tenant would want as much space on the first floor that they could have.”

Retail will occupy 30,000 square feet on floors one through three. Building amenities will be on floors five, six and seven. There will be 20 to 25 floors with five or six pied-à-terre units per floor. Above will be the more standard units.

The 71-story building will have luxury residences, Mr. Ceruzzi said. The downstairs pied-à-terre units will run from 600 to 1,100 square feet each and cost $2,500 to $2,800 per square foot. The upstairs larger units, ranging from 1,200 square feet to 6,000-square-foot multi-level pads, will start at $3,200 per square foot with a building average of $5,200 per square foot. The pied-à-terres will be one- and (small) two-bedroom units. The rest will be primarily two- and three-bedroom apartments.

Handel Architects is tweaking the building design that was included in the property sale. The biggest change will be adding an outdoor terrace for residents.

==============================
http://commercialobserver.com/2015/1...-fifth-avenue/

[chris08876]

Image from Jr Ewing/Robert Walpole

Credit: http://www.yimbyforums.com/t/new-yor...1-floors/221/6

[sparkling]

Ceruzzi Hopes To Begin Construction At 520 Fifth Avenue This Fall

EVAN BINDELGLASS
NOVEMBER 20, 2015

Developer Louis Ceruzzi has already begun demolition work at his property at 520 Fifth Avenue. We now know that construction will begin before New Years on the 71-story Handel Architects-designed tower, courtesy of an interview Ceruzzi gave to the Commercial Observer. In the interview, he also gave an update on his development at 147 East 86th Street. He said there is much work to be done relating to the Second Avenue Subway project, but real work should start in March.

520 Fifth Avenue, which is being co-developed by Shanghai Municipal Investments USA, was to have a hotel as part of the mixed use tower, but will instead have pied-à-terre apartments.

Ceruzzi, who built himself in Connecticut as a real estate lawyer before becoming a developer, has been expanding his reach in Manhattan of late. Why did he switch from law to development? “I also saw the difference in the remuneration of our clients that were in the real estate development business as compared to myself and my colleagues who were practicing law, and so I decided to make a switch,” he told the Commercial Observer.

Here is the interview: Ceruzzi Properties Is Making a Big Play for Manhattan

[NYguy]

Originally Posted by sparkling

Ceruzzi Hopes To Begin Construction At 520 Fifth Avenue This Fall

EVAN BINDELGLASS
NOVEMBER 20, 2015


Here is the interview: Ceruzzi Properties Is Making a Big Play for Manhattan

Looks like it will be spring according to that interview...

When are you starting construction on the three big projects?

So, our goal is to be in the ground on 50th Street late this fall, on [East] 86th Street late winter in March. We have a fair amount of demolition to do there and a fair amount of work to do with the subway, and then late spring on Fifth Avenue.

Looking forward to seeing the design.

[antinimby]

Please don't let it look like this.

[CityGuy87]

Originally Posted by antinimby

Please don't let it look like this.

Why not? Doesn't look bad at all and at least it's not the boring glass box from the massing. It might even complement 500 Fifth nicely.

[antinimby]

You can't be serious, right? That looks exactly like a boring glass box but with an ungainly beer belly added on.

This location along with its height and what we lost for this, deserves something stunning and beautiful, not this amateur architecture (if you can even call it that).

[NYguy]

NOVEMBER 21, 2015

[:-)]

I believe you can see the tower in the background of the picture above (behind the man to the far left post #87). The "beer belly" appears to be near street level, I quite like the proportions as well!

[NYguy]

http://www.nytimes.com/2016/02/18/ny...e=sectionfront

Remembering a Vile Civil War Act, on Fifth Avenue





By DAVID W. DUNLAP
FEB. 17, 2016

...For now, however, the south half of the asylum site is vacant, nothing more than a 10,625-square-foot lot strewn with rubble, including brick fragments. Many brick fragments. So many brick fragments that you begin to wonder: Could any of these have been used to build the asylum?

....The moment has come to ask such questions because the developer Louis Ceruzzi plans to redevelop the site with a tower more than 70 stories tall that will certainly have retail space at the base and is likely to include a mix of hotel rooms and apartments above.

An opportunity is at hand to examine the site closely in the hope of finding some tangible remnant of the asylum. Even if there are no archaeological finds, there is certainly a chance to commemorate the asylum and memorialize its pillage in some form at the new building.

....To judge from his blog, Mr. Ceruzzi is fascinated by New York City history. Whether that translates to support for an archaeological dig and permanent memorial at 520 Fifth Avenue is another question. He did not respond to emails for comment.

The Landmarks Preservation Commission said through a spokeswoman that it had reviewed the site in 2008 and determined that it was “unlikely to contain intact archaeological resources.”

But 35 years of covering — and uncovering — the layers of New York City history have taught me that traces of the past are seldom eradicated entirely. And the story of the Colored Orphan Asylum seems too important to forget.

[NYguy]

Larger pic from the article...

[NYguy]

Just some images of a tower on site...


http://www.scdaarchitects.com/archit...ve-and-43rd-st











Compared to image on site...

[timpdx]

Oh, please, either of the two other renderings. Anything but the one with the pregnant abortion attachment (bottom pic)

[Zapatan]

I like it, but what is with NY and cantilevers lately?

[Barbarossa]

Very smart looking tower. Is that the final design?

[Crawford]

Originally Posted by Zapatan

I like it, but what is with NY and cantilevers lately?

You will see far more going forward, because zoning and the market favors small footprints and air rights transfers.

They are fast becoming the norm, which is great, because it preserves more historic buildings, allows taller, thinner towers, and helps the city maximize its tax base and development rights.

[NYguy]

JUNE 6, 2016