NEW YORK | 45 Park Place | 665 FT | 39 FLOORS - Page 3

JR Ewing · #41 Posted **Jul 25, 2015, 1:13 AM**

Quote:

Originally Posted by yankeesfan1000

What original design? Doesn't look like much, if anything, has changed.

It's very different. The renderings postex above are not the current design.

ILNY · #42 Posted **Aug 17, 2015, 4:20 AM**

JR Ewing · #43 Posted **Aug 27, 2015, 10:58 AM**

Yesterday

Eidolon · #44 Posted **Aug 28, 2015, 10:52 PM**

^^^
The calm before the storm!

artspook · #45 Posted **Aug 30, 2015, 5:13 AM**

about above post #42 - ILNY's (again) . .
really LOVE those amazing curved buildings . .
I've never seen them before.

RobEss · #46 Posted **Sep 1, 2015, 1:11 AM**

Quote:

Originally Posted by artspook

about above post #42 - ILNY's (again) . .
really LOVE those amazing curved buildings . .
I've never seen them before.

Sorry to burst your bubble - it's just a fisheye lens.

chris08876 · #47 Posted **Sep 25, 2015, 1:48 PM**

Luxe Condos at 'Ground Zero Mosque' Site Will Aim Above Market Rate

Quote:

El-Gamal’s Soho Properties has proposed a 667-foot (203-meter) condominium tower at lower Manhattan’s 45 Park Place. The glass skyscraper, which has yet to break ground, will include at least 15 full-floor units of 3,200 to 3,700 square feet (297 to 344 square meters), and average prices higher than $3,000 a square foot, according to plans released to Bloomberg by the developer.

Prices at that level would be at least 13 percent more than the second-quarter average for new-development listings in the borough, according to Halstead Property Development Marketing. The ultra-luxury focus of the building highlights the newfound allure of lower Manhattan as an upscale destination, yet it comes amid growing concern about an oversupply of apartments for multimillionaire buyers.

“The tower is going to be a market-maker,” El-Gamal told us. “We’ve perfected a building that’s really going to share in a unique moment.”
El-Gamal’s original plans for an Islamic center and mosque at the lot—two blocks north of where the former World Trade Center towers stood—ignited a political controversy in 2010. Protesters called it the “Ground Zero mosque” and said its placement near the site of the deadliest terrorist attacks in U.S. history would be an insult to those who were killed there.

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http://www.bloomberg.com/news/articl...ve-market-rate

chris08876 · #48 Posted **Sep 25, 2015, 1:49 PM**

Nice Rendering:

Credit: Soho Properties

hunser · #49 Posted **Sep 25, 2015, 3:37 PM**

^ Wow, that's one fine building.

surplusQ · #50 Posted **Sep 25, 2015, 5:31 PM**

I love how it compliments the vertical lines of the building right next to it.

UTEPman · #51 Posted **Sep 25, 2015, 6:54 PM**

Interesting render of 56 Leonard. It almost looks accurate from what we've seen of the actual building, where it only really "jengas" at the very top. Perhaps they wanted more sq footage in the end?

chris08876 · #52 Posted **Sep 25, 2015, 7:20 PM**

Maybe somebody else can give a different number, but I counted 46 floors in the rendering.

TDR is saying 70 floors, but surely doesn't look like it. Unless I'm counting wrong?

scalziand · #53 Posted **Sep 25, 2015, 8:45 PM**

I get 44 on my count, but I think 2 of those are just the crown/parapet/mechanical levels.

mistermetAJ · #54 Posted **Sep 25, 2015, 9:47 PM**

Mediocre tower with a street wall killing base. Not impressed at all.

Hypothalamus · #55 Posted **Sep 26, 2015, 3:23 AM**

NEW YORK | 45 Park Place | 667 FT | 43 FLOORS

Plan exam approved earlier this month has this at 43 stories.

yankeesfan1000 · #56 Posted **Dec 6, 2015, 9:38 PM**

Construction to start in first quarter of 2016.

chris08876 · #57 Posted **Mar 31, 2016, 5:30 PM**

Developer of Planned NYC Mosque Sees Further Luxury-Condo Growth

Quote:

El-Gamal said that in a few weeks he will announce details on construction financing for his 667-foot (203-meter) glass condo building, where the average price will be at least $3,000 a square foot. Permits and approvals are in place, he said. El-Gamal in 2011 shelved plans for a 15-story Islamic cultural center and mosque two blocks north of where the World Trade Center stood before the 2001 terrorist attacks, and last year announced the luxury-condo project.

Manhattan’s high-end development boom, marked by record-setting price tags for extra-large and luxurious apartments, is showing signs of a slowdown as inventory swells and interest from ultra-wealthy buyers cools amid so much competition.

El-Gamal said demand remains for units like those he’s building.
“Global investors are realizing the importance of New York as a safe haven -- as a place where they could secure their wealth and generational wealth as opposed to putting the money in Swiss bank accounts,” he said.

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http://www.bloomberg.com/news/articl...y-condo-growth

Eidolon · #58 Posted **Apr 1, 2016, 5:08 PM**

Yet another NYC tower in need of a diagram!

Eidolon · #59 Posted **Apr 22, 2016, 12:35 PM**

• Video Link

1 Minute in.

chris08876 · #60 Posted **May 18, 2016, 10:58 PM**

Soho Properties gets construction loans from Malaysian, Kuwaiti, Italian and Saudi lenders

Quote:

Sharif El-Gamal’s Soho Properties has secured $219 million in construction loans for 45 Park Place in Tribeca, The Real Deal has learned, completing a quest for funds closely followed by those nervous about a tighter environment for residential financing.

Malaysian bank Malayan Banking Berhad and Kuwait-based Warba Bank are the lead arrangers on a senior construction loan of $174 million, with Italian bank Intesa Sanpaolo serving as documentation agent. MASIC, a Saudi investment firm led by the Al Subeaei family, is providing a $45 million mezzanine loan.

“Our vision for the neighborhood and location is validated by our lenders’ confidence in the market and enthusiastic support for 45 Park Place,” El-Gamal said in a statement.

The 43-story project is slated to rise 665 feet tall, with 50 apartments. SOMA Architects is designing the building, while Ismael Leyva Architects will serve as the architect of record. El-Gamal is also developing a three-story Jean Nouvel-designed Islamic museum adjacent to the tower.

The tower is slated to break ground this summer and be ready by 2018. Stribling plans to launch sales in late spring.

In November, the New York state Attorney General’s office approved the condo offering plan, which projects a total sellout of $391.9 million. Average asking prices will exceed $3,000 per square foot.

Several financial brokers who were not involved in negotiations told TRD said they expected El-Gamal to have a tough time locking in a loan of this magnitude. They noted that this will be Soho Properties’ first high-rise project, and U.S. banks are being very selective about lending for new condo projects.

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http://therealdeal.com/2016/05/18/el...45-park-place/