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  #2221  
Old Posted May 18, 2023, 8:39 PM
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^ Yikes is right. That’s why so many new office buildings are being built. Nobody wants that old, outdated office supply. There’s an opening for more redidential conversion, but the state dropped the ball on that one. And even then, only the oldest of buildings are more suited to conversion, due to zoning regulations for housing. That being said, the run to newly built space will continue.


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”Since we opened a market suite at One Vanderbilt we have had tenants with leases expiring for 14 million square feet come to see our plans,” he said. “They want to be in the best buildings, close to public transportation, most efficient floor plates, and air and amenities.”
14 million square feet of lease expirations will have to go somewhere (some will have to stay put), but only a fraction could fit here.

I would like to see that marketing suite though.
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  #2222  
Old Posted Jun 28, 2023, 4:04 AM
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Originally Posted by NYguy View Post
^ Yikes is right. That’s why so many new office buildings are being built. Nobody wants that old, outdated office supply. There’s an opening for more redidential conversion, but the state dropped the ball on that one. And even then, only the oldest of buildings are more suited to conversion, due to zoning regulations for housing. That being said, the run to newly built space will continue.




14 million square feet of lease expirations will have to go somewhere (some will have to stay put), but only a fraction could fit here.

I would like to see that marketing suite though.
Notable exceptions include the Empire State Building, Chrysler Building, 30 Rockefeller Plaza, the Chanin Building, and the Daily News Building.
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  #2223  
Old Posted Jul 1, 2023, 4:56 PM
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Originally Posted by HyperPower View Post
Location, location, location..

You don't pick SOM (Skidmore, Owings & Merrill) to build a cheap blue-glass box on the corner of Park Ave to skimp out later. They go big & grand and are not cheap to contract. SOM has designed some of the most expensive megaprojects on earth including the Burj Khalifa in Dubai, Sears (Willis) & John Hancock Towers in Chicago and 1WTC in NYC.

Even if shortened in the future by 50 meters it will still be as tall as Vanderbilt & Fosters 270 Park and look less overwhelming (scale) next fo the Chrysler Building. The beauty of this tower is the crown and the base which integrates into Grand Central Station.

Probably the best looking base I've ever seen.
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  #2224  
Old Posted Jul 2, 2023, 5:49 PM
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^ Truly incredible, really hope this becomes a reality as is and isn't VE'd or downsized.

Fingers crossed, guess this'll be U/C by next year if all goes well.
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  #2225  
Old Posted Jul 3, 2023, 6:54 PM
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https://therealdeal.com/magazine/nat...-most-in-2023/

Here are the developers who shaped New York City the most in 2023


By Ellie Quinlan Houghtaling
Research by Matthew Elo
July 3, 2023


Quote:
Uncertainty reigns in real estate, but New York City developers are still reaching for the sky.

In the 12 months preceding May 1, the city’s 20 most active developers filed plans for 16.7 million square feet of new development — nearly a million more than in the previous year-long period.
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For the second year in a row, Moroccan émigré Joseph Chetrit’s eponymous firm topped the list, filing plans to develop just shy of 2 million square feet across three new projects. Its plans included the largest filing in the city: a 71-story mixed-use skyscraper with allotments for affordable housing on a Two Bridges development site that Chetrit Group bought from CIM Group and L+M Development Partners for $100 million in 2021.

Also included in the firm’s count is 100 West 37th Street in the Garment District, where Chetrit filed plans for a 360,000-square-foot, 68-story tower.

Gary Barnett’s Extell Development placed second, plotting out four new developments that combine for an estimated 1.5 million square feet. Extell’s major projects include 259 Clinton Street, a 421a-approved, 62-story tower just a block from Chetrit’s Two Bridges site. On the Upper East Side, Barnett’s firm filed more plans for a 30-story, 400,000-square-foot medical tower at 403 East 79th Street, also known as 1520 First Avenue.

Rounding out the top three was Domain Companies, which filed plans for nearly 1.3 million square feet across three multifamily projects. Those included a 500-unit complex at 2-33 50th Avenue in Long Island City and two Gowanus projects: a 360-unit, two-tower development at 420 Carroll Street and a 241-unit building at 545 Sackett Street.
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Across Manhattan, developers are forging ahead with earlier projects (filed before the time period covered by this ranking), including RXR’s 1,600-foot-tall tower at 175 Park Avenue that is slated to offer more than 2 million square feet of office space along with 500 hotel rooms, as well as Boston Properties’ nearly 1 million square foot office tower on the site of the MTA’s former headquarters.

“The occupancy rates around the Plaza District, particularly Park Avenue, are very, very strong,” said Hilary Spann, an executive with Boston Properties’ New York division, which placed fifth on the ranking thanks to its largest project at 343 Madison Avenue, just north of SL Green’s One Vanderbilt.
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Commercial tenants looking for more than 100,000 square feet of space are struggling to find available properties with modern amenities worthy of bringing their employees back to the workplace, according to the developers TRD spoke with.

“We’re even hearing stories about tenants being displaced from their buildings by other tenants that are larger and expanding, and sort of having the smaller tenant scramble to find space,” Spann said.
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  #2226  
Old Posted Jul 7, 2023, 6:20 PM
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270 Park shows up....



































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  #2227  
Old Posted Jul 7, 2023, 7:22 PM
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I am obsessed with this building. It's a really cool modern take on of the gothic architecture aesthetic. I want something like this built in Chicago lol
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  #2228  
Old Posted Jul 7, 2023, 7:32 PM
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The top of this building is sexy AF and in its neighbor Chrysler's league as far as being iconic.
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  #2229  
Old Posted Jul 7, 2023, 8:06 PM
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This building is New York.

The capital of the free and civilized world.

Only in NY in the Western world could a 1,600 foot monster like this rise.

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  #2230  
Old Posted Jul 7, 2023, 8:50 PM
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Looks great, now let's get going with construction already.

I want that horrible Hyatt demolished and this amazing tower to start rising.
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  #2231  
Old Posted Jul 7, 2023, 8:55 PM
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yeah, that hyatt hurts my soul every time i see it.

i'd rather look at a hole in the ground for awhile.

plus that will give me the excuse to go up one vandy to see the full chrysler while we can.
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  #2232  
Old Posted Jul 8, 2023, 12:16 AM
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This tower is beautiful and a beast!!
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  #2233  
Old Posted Jul 8, 2023, 8:16 PM
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Originally Posted by UrbanImpact View Post
The top of this building is sexy AF and in its neighbor Chrysler's league as far as being iconic.
It certainly is. Just picture it here...



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  #2234  
Old Posted Aug 12, 2023, 4:20 AM
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https://airmail.news/issues/2023-8-12/towering-infernal

Towering Infernal
Does New York need another gigantic office tower? RXR Realty, which plans to build the tallest building in Midtown East, on the site of Trump’s first Manhattan property, seems to think so



BY WILLIAM D. COHAN
8/12/23


Quote:
.......These days, though the Hyatt has reopened—it was closed between the start of the pandemic and November 2021—its ground level is almost entirely obscured by navy-blue plywood boarding, a signal to the outside world that some sort of change is afoot. Later this year, the building will undergo yet another transformation. It will be demolished to make way for what is now being called 175 Park Avenue, a 1,575-foot-tall, 83-story skyscraper that will be wedged between the immensely successful office building One Vanderbilt and Grand Central Terminal, to the west, and the Chrysler Building, to the east.

The starchitects at Skidmore, Owings & Merrill (SOM) designed the tower, which will be mixed-use and have 2.1 million square feet of class-A office space as well as 500 new Hyatt hotel rooms, 10,000 square feet of retail space, and a 25,000-square-foot, elevated plaza. If completed based on the current projections, 175 Park will be the tallest building in Midtown East and the tallest building by roof height in the western hemisphere—only the spire on One World Trade Center will keep it from being the tallest building period.
Quote:
In the SOM renderings, the building looks like a linebacker, hunky and solid, towering over the dignified Chrysler Building, the MetLife Building (formerly Pan Am), to the north, and, to the west, both One Vanderbilt and 383 Madison, which was Bear Stearns’s headquarters before the 2008 financial crisis. At least at its base, 175 Park bears a striking resemblance to the Norman Foster–designed JPMorgan Chase headquarters, currently going up at 270 Park Avenue.

The developers of 175 Park Avenue, RXR Realty and TF Cornerstone, as well as SOM itself are being surprisingly mum about it all, despite indications that it will be a monumental redevelopment. When reached for comment, SOM referred me to Scott Rechler, the chairman and C.E.O. of RXR, a big New York City landlord. Rechler is also on the board of the Federal Reserve Bank of New York. Through Rich Stein, the director of external affairs at RXR, Rechler “decided to pass on this opportunity at this time.”
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  #2235  
Old Posted Aug 14, 2023, 3:28 PM
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AUGUST 13, 2023


























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  #2236  
Old Posted Aug 14, 2023, 4:31 PM
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Quote:
Towering Infernal
Does New York need another gigantic office tower? RXR Realty, which plans to build the tallest building in Midtown East, on the site of Trump’s first Manhattan property, seems to think so
Good to know there's still some optimism surrounding this project.

I too think NYC needs a half a kilometer office tower. Then again, I'm not paying for it.
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  #2237  
Old Posted Aug 14, 2023, 5:05 PM
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Originally Posted by Zapatan View Post
Good to know there's still some optimism surrounding this project.
Why wouldn’t there be?
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  #2238  
Old Posted Aug 14, 2023, 6:26 PM
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^ There is an inverse correlation between height and optimism.

Given Manhattan's housing shortage, it makes sense to build more desirable office buildings, and convert the vacant undesirable offices to homes.
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  #2239  
Old Posted Aug 14, 2023, 6:35 PM
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Originally Posted by pianowizard View Post
^ There is an inverse correlation between height and optimism.

Well, there shouldn't be. While certainly tall, this isn't the largest of the new Manhattan office towers of recent or planned construction. There are three in the Hudson Yards (all full, or close to being full) with more office space than this one. And this one is in the hottest and most desirable of all the Manhattan office markets - where there is no new space available. And the darling of New York (One Vanderbilt, where I can't even get a freaking observation deck ticket) is practically next door. Height alone shouldn't be a concern, you have to look at what's being built. But the newer office space is what's in demand now, and the city still somehow seems to be falling short in certain areas.


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Given Manhattan's housing shortage, it makes sense to build more desirable office buildings, and convert the vacant undesirable offices to homes.
That's been talked about a lot, but they are finding that's easier said than done.
https://www.nytimes.com/interactive/...nversions.html
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  #2240  
Old Posted Aug 18, 2023, 12:52 AM
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Originally Posted by NYguy View Post
Why wouldn’t there be?
This...

Quote:
^ There is an inverse correlation between height and optimism.
So many of the projects around the country are getting downsized / cancelled or just fade away and lie dormant. Not all of course, we're lucky that some do indeed make it but just sayin'

Luckily, it seems this has some experienced people behind it and is planned in one of the most desirable places on the planet, so I still have some hope.
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