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  #41  
Old Posted Jun 26, 2013, 1:12 PM
antinimby antinimby is offline
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Well of course! Look who thinks tearing down an old building for a new one is always a good idea.

You make the same argument all the time: Manhattan has a lot of old buildings and a buildings use.

Old buildings like these are not an inexhaustible supply. Over time they will become rarer and rarer while soulless glass buildings like ones in every downtown everywhere slowly but surely take over (and you'll be surprise how quickly these things can happen).

And this current building can always be retrofitted for whatever use they deem most profittable at the moment.

We may not know what the exact look of the new building is but we can pretty much guess that it won't be monumentally great.
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  #42  
Old Posted Jun 28, 2013, 8:52 PM
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Originally Posted by antinimby View Post
Well of course! Look who thinks tearing down an old building for a new one is always a good idea.

You make the same argument all the time: Manhattan has a lot of old buildings and a buildings use.
Because, if it's the correct argument, why change it? (And I've never said it was always a good idea.)

But forget about "retrofitting". We're in prime midtown Manhattan. It should offer the best, not best adequate. There's a difference.



http://www.dnainfo.com/new-york/2013...y-developments

MTA's Madison Avenue Headquarters to Make Way for Luxury Developments





By Alan Neuhauser
June 27, 2013


Quote:
There goes the neighborhood.

The MTA is moving from its Midtown Madison Avenue headquarters and making way for luxury developments that could include a high-end hotel, ritzy residences, Class A offices or some mixture of the three, the transit agency announced on its website Thursday.

The move, taking place at 341, 345 and 347 Madison Ave. between East 44th and East 45th streets, was first announced in April 2011, and it is scheduled to take place by the end of next year.

"It is part of a larger effort the MTA is undertaking that is projected to generate $600 million in cost savings and revenues," the agency stated, namely through consolidating office space, reducing the agency's workforce, and selling property.

The MTA issued a request for proposals from developers on Tuesday seeking a 99-year lease. Whichever company comes aboard, it said, all three buildings are expected to be demolished.

"They cannot be combined and have inefficient floor plates and redundant and antiquated building systems that have rendered them obsolete for office use," the agency said.



The MTA is also seeking or reviewing proposals from developers for eight other properties in New York City.

The building at 347 Madison Ave., a 20-story beige brick and limestone tower originally known as the Equitable Trust Building, has served as the MTA's overall headquarters since the agency bought the structure in 1979. The building, constructed in 1917, is connected to Grand Central Terminal by an underground walkway, and developers will be required to maintain that connection by including an entrance to the new Long Island Railroad concourse, which is being built beneath Grand Central as part of the East Side Access project.

The buildings at 341 and 345 Madison Ave. were bought by the MTA in 1991.

MTA employees who work in the agency's headquarters office will be relocated to the agency's building at 2 Broadway in the Financial District, which already includes the main offices for MTA New York City Transit, which runs trains and buses, MTA Bridges and Tunnels, which oversees river crossings, and MTA Capital Construction, which is building the Second Avenue and East Side Access projects.

Those who work in the MTA Metro-North Railroad offices will move to the Graybar Building at 420 Lexington Ave.
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  #43  
Old Posted Jun 28, 2013, 11:27 PM
Barbarossa Barbarossa is offline
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So, is the MTA mandating that something is developed? Is there a risk of this becoming a stalled, vacant lot. Does the MTA get proceeds from the sale of land or the revenue from the project?
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  #44  
Old Posted Jun 29, 2013, 3:56 AM
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The MTA gets $150 million or so from a 99 year lease of the land. I believe that that's regardless of whether or not the developer actually builds something- strong incentive for the developer not to leave it an empty hole.

Quote:
Under the terms of the agreement with the MTA, the developer would pay monthly fixed-base rent payments, subject to scheduled increases of at least 10 percent every five years and base rent adjustments every 30 years.
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  #45  
Old Posted Jun 29, 2013, 7:10 PM
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Quote:
Originally Posted by antinimby View Post
Old buildings like these are not an inexhaustible supply. Over time they will become rarer and rarer while soulless glass buildings like ones in every downtown everywhere slowly but surely take over (and you'll be surprise how quickly these things can happen).
This is totally wrong. The vast majority of old buildings in Manhattan are in landmarked districts.

Even if every single old building that could be demolished were actually demolished, it wouldn't have a major effect on the overall stock of old buildings.

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Originally Posted by antinimby View Post
We may not know what the exact look of the new building is but we can pretty much guess that it won't be monumentally great.
I'm willing to take my chances on something new over the current building, which is an ugly dump.
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  #46  
Old Posted Oct 14, 2013, 8:19 AM
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Smile NEW YORK | 341 Madison Ave

MTA's Madison Avenue Headquarters to Make Way for Luxury Developments
By Alan Neuhauser
June 27, 2013

Quote:
There goes the neighborhood.

The MTA is moving from its Midtown Madison Avenue headquarters and making way for luxury developments that could include a high-end hotel, ritzy residences, Class A offices or some mixture of the three, the transit agency announced on its website Thursday.

The move, taking place at 341, 345 and 347 Madison Ave. between East 44th and East 45th streets, was first announced in April 2011, and it is scheduled to take place by the end of next year.

"It is part of a larger effort the MTA is undertaking that is projected to generate $600 million in cost savings and revenues," the agency stated, namely through consolidating office space, reducing the agency's workforce, and selling property.

The MTA issued a request for proposals from developers on Tuesday seeking a 99-year lease. Whichever company comes aboard, it said, all three buildings are expected to be demolished.

"They cannot be combined and have inefficient floor plates and redundant and antiquated building systems that have rendered them obsolete for office use," the agency said.
Another supertall for Midtown? Bring it on!
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  #47  
Old Posted Oct 14, 2013, 1:04 PM
antinimby antinimby is offline
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Fuck the MTA!
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  #48  
Old Posted Oct 14, 2013, 2:31 PM
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http://therealdeal.com/blog/2013/10/...-up-for-grabs/


Quote:
Plans call for a developer to demolish the current structure along with two adjacent buildings and redevelop the site, according to the New York Post.

The winner “will be able to commence the redevelopment under the proposed upzoning immediately after the MTA vacates the property,” according to the new call for proposals.

If rezoning is approved by the City Council and signed by the mayor, development should be able to start two to three years sooner than the 2017 date originally planned on.


Rezoning would also most likely help the MTA see a higher price for the long-term lease it will award to the winning developer, according to Steven Spinola, president of the Real Estate Board of New York.


http://nypost.com/2013/10/11/mta-see...quarters-site/

Quote:
The agency is seeking fresh proposals from real-estate developers, citing changes to the Midtown East rezoning proposal, after receiving a first round of bids in mid-August.










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Last edited by NYguy; Oct 14, 2013 at 3:01 PM.
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  #49  
Old Posted Oct 14, 2013, 3:06 PM
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I don't know about you guys, but I just can feel that we are heading towards very exciting times. The city is already experiencing an incredible boom, but my gut tells me we'll be seing even more tall towers going up in the next years.
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  #50  
Old Posted Oct 14, 2013, 3:12 PM
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I don't know about you guys, but I just can feel that we are heading towards very exciting times.
Heading that way? It's already pretty exciting for me. The developments on the east side may be a little further off, but we could eventually be seeing some very nice designs, regardless of height. We have a lot to look forward to.
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  #51  
Old Posted Oct 15, 2013, 4:51 PM
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It seems like there are much office buildings proposals. I think they should cancel WTC b/c of floods and poor commuter rail access. GCT has (LIRR (2019) + Metro-North).
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  #52  
Old Posted Oct 15, 2013, 6:34 PM
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Originally Posted by Eveningsong View Post
It seems like there are much office buildings proposals. I think they should cancel WTC b/c of floods and poor commuter rail access. GCT has (LIRR (2019) + Metro-North).
Yeah. You know, with winter coming, I think they should cancel all of the replenishment projects of the local beaches. No one will got there anyway, because it will be too cold. And there might be another flood in a hundred years or so.
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  #53  
Old Posted May 30, 2014, 7:23 PM
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http://www.crainsnewyork.com/article...template=print

De Blasio resets the clock on massive rezoning
The rezoning of a huge swath of midtown won't begin in earnest until 2015, Mayor Bill de Blasio announced Friday. But at least one major developer will get a head start.



Andrew J. Hawkins
May 30, 2014


Quote:
Mayor Bill de Blasio announced a new timeline for the rezoning of a large swath of east midtown in Manhattan Friday, one that could stretch into 2016 but will allow for one major skyscraper project to get started in the meantime.

Under a special permit to be issued by the city and subject to public review, SL Green will build a 1.6 million-square-foot office building adjacent to Grand Central Terminal on Vanderbilt Avenue between East 42nd and East 43rd streets.

The public review process for the surrounding five blocks along Vanderbilt Avenue will begin this fall.

Mr. Weisbrod confirmed two other development sites as part of the initial Vanderbilt corridor rezoning: a property on Madison Avenue owned by the Metropolitan Transportation Authority, and the Roosevelt Hotel on East 45th Street.
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  #54  
Old Posted May 31, 2014, 1:16 AM
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The Roosevelt Hotel site already has more air rights than SL Green's One Vanderbilt, so hopefully we get something as tall or even taller here.
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  #55  
Old Posted May 31, 2014, 8:38 PM
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Yeah, these are the major development sites in the Midtown East rezoning, at least the sites that would have the highest concentration of FAR. It's interesting that 425 Park didn't get in on the early action, as they are moving forward with their plans also. But they had previously stated it wouldn't matter to them. I wonder if any opinions have changed on that.
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  #56  
Old Posted Jun 2, 2014, 8:19 AM
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I'm assuming the MTA site will be suitable for a hotel?

Quote:
Mr. Weisbrod confirmed two other development sites as part of the initial Vanderbilt corridor rezoning: a property on Madison Avenue owned by the Metropolitan Transportation Authority, and the Roosevelt Hotel on East 45th Street.
Amazingly handsome buildings. It just hurts to know of its fate...
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  #57  
Old Posted Jun 13, 2014, 9:01 PM
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I'm assuming the MTA site will be suitable for a hotel?
Office more likely. It will be harder to build hotels under the rezoning, which is primarily to encourage new office construction.
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  #58  
Old Posted Jun 14, 2014, 12:47 AM
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Originally Posted by NYguy View Post
Yeah, these are the major development sites in the Midtown East rezoning, at least the sites that would have the highest concentration of FAR. It's interesting that 425 Park didn't get in on the early action, as they are moving forward with their plans also. But they had previously stated it wouldn't matter to them. I wonder if any opinions have changed on that.
When does work start on that?
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  #59  
Old Posted Jun 14, 2014, 1:06 AM
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Originally Posted by NYguy View Post
Yeah, these are the major development sites in the Midtown East rezoning, at least the sites that would have the highest concentration of FAR. It's interesting that 425 Park didn't get in on the early action, as they are moving forward with their plans also. But they had previously stated it wouldn't matter to them. I wonder if any opinions have changed on that.
When does work start on that?
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  #60  
Old Posted Jun 18, 2014, 11:15 AM
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^ That begins next year I believe.


Here's what I mean about the hotels...


http://online.wsj.com/articles/new-y...rea-1403052461

City, Union Seek Hotel Limit in Grand Central Area
Proposal Would Require Developers Aiming to Build Hotels to Receive Special Permit



By Laura Kusisto
June 17, 2014


Quote:
A proposal to allow taller towers near Grand Central Terminal includes a concession to the hotel-workers union that helped derail a similar proposal under former Mayor Michael Bloomberg and could signal the group's power under the new administration at City Hall.

No hotels in a proposed rezoning area—five blocks of Vanderbilt Avenue from East 42nd Street to East 47th Street—could be built without a special permit from the City Planning Commission and the City Council, according to a public document outlining the proposal.

Such a requirement would trigger a lengthy approval process with public scrutiny, potentially limiting the construction of hotels in the area. It would also allow the Hotel Trades Council to push public officials to support projects that have agreements in place about the right to organize workers.

Both the union and the city have an interest in making hotel development in the area difficult. The administration is trying to promote office development to make New York competitive with cities such as London and Shanghai, and it doesn't want those sites targeted primarily by hotel developers. The union is concerned that rapid hotel development shrinks room prices and profit margins, driving down the wages of its members.

A breakdown in negotiations over the hotel permit was one reason behind the failure of the Bloomberg administration to win council support last year for its Midtown East rezoning. It was forced to withdraw the plan, which would have allowed about a dozen new towers in a district around Grand Central Terminal.

Mr. Bloomberg also wanted a special permit, but it was more limited than the new proposal: It would only have applied to buildings that were at least 20% hotel space and that were using the rezoning to build taller buildings than otherwise allowed.

Under Mayor Bill de Blasio's proposal, all sites on Vanderbilt Avenue would require a special permit for hotels that are built, enlarged or converted from existing buildings.

City officials said the permit would ensure that the rezoning accomplishes its intended purpose—paving the way for new office development in the area.

"To the extent that hotel development occurs there, we believe a special permit is important to ensure that hotels include amenities and services that are complementary to a premier business district, and that they do not undermine the principal objective, which is to create first class, 21st century commercial space," a spokeswoman for the Department of City Planning said.

The proposed permit would have symbolic value, but its practical effect is likely limited because little room is available for new hotel development in the five-block Vanderbilt Avenue rezoning area.

Both the hotel workers' union and a group representing hotel owners issued cautious responses. They said negotiations about the rezoning were only beginning and that final permit requirements remained unclear.

A spokeswoman for the Hotel Association of NYC, which represents owners, said the group was "watching developments." She added: "In general, hotels do not need more regulation and red tape."

Josh Gold, director of political strategy and affairs at the Hotel Trades Council, said the group supported rezoning Midtown East to provide infrastructure improvements and new office space. "We are excited to be working with the community, the Mayor and the Council to get a plan passed that meets these goals," he said.

The de Blasio administration carved Vanderbilt Avenue out of the larger proposed rezoning area to smooth the way for a quick approval as SL Green Realty Corp. seeks to build a tower near Grand Central.

It is unclear whether the hotel permit will be part of a larger proposed rezoning of the Grand Central area. City Councilman Daniel Garodnick, who represents the area, and Manhattan Borough President Gale Brewer are leading a community consultation process expected to begin in the coming months.

"I've always supported union wages, prevailing wages, but I think it's unfair for me to prejudge at the beginning of the working group process," said Ms. Brewer. "I have a long history working with unions."






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