NEW YORK | 41 West 57th Street | 1,100 FT | 63 FLOORS

[Crawford]

Originally Posted by The New York Lion

If the developers acquire Tower 58 or AKA Central Park, then we're looking at a new tallest building in The City.

An additional 200,000 sq feet from Tower 58 or AKA Central Park would add 20+/- more floors to the building.

You're looking at a 1,600-1,700' tall building.

I am not sure how much square footage 40-48 West 58th has, if they were to acquire it.

Make no mistake: the units would sell.

If they acquire both, we could see a 2,000 footer.

Both those buildings are horrible. Tower 58, especially, is an abomination. It would be fantastic if they were incorporated into the assemblage.

[Zapatan]

Originally Posted by colemonkee

I agree, and this one will be in line height wise with One57.

I hope it's not that short,

1,100 - 1,200 is a nice height because it'll balance the area out and they're aren't really any buildings in NYC of that exact caliber.

Roofwise it goes straight from ESB to 3WTC on the height hierarchy (not counting the pinnacle of 1 Bryant Park)

[TonyNYC]

[QUOTE=NYguy;9967475]That just means that’s how much space that building contains. The real number to consider is how much additional space comes from that lot. The building may increase in height, but a larger footprint also could allow for larger floorplates. During the approval process, the additional space granted didn’t go towards height. That’s why it was going to be 1,100 ft either way.

37 W 57 has a buildable SF of only 87.2K SF.

[NYguy]

Originally Posted by TonyNYC

37 W 57 has a buildable SF of only 87.2K SF.

Sounds about right. Now keep in mind, the total addition to Steinway (the tower) is somewhere between 100,000-200,000 sf, I forget which. They could do a lot with 87k. Hopefully the design can be reconfigured to also give us a proper crown.

[NYguy]

Let’s hope that this is a sign that things in a holding pattern are preparing to take off…


https://www.mansionglobal.com/articl...ecord-856aac92

Manhattan’s Luxury Market on Track for Second-Best June on Record
A trophy home off the High Line in Chelsea topped the biggest deals last week and is the priciest to go into contract downtown this year


BY BECKIE STRUM
JUNE 26, 2023

Manhattan’s luxury housing market seems to be operating in a world of its own, bucking the national slowdown in sales amid short supply and higher mortgage rates.

For five consecutive weeks, the New York City borough has recorded 30 or more contracts signed for homes asking $4 million or more, according to Monday’s report from Olshan Realty. That’s a very healthy weekly sales pace and puts Manhattan on track to log its second-best June since at least 2006, according to Olshan.

“The strongest June was in the record-breaking 2021,” wrote Donna Olshan, president of Olshan Realty and author of the report.

In total, 32 homes found buyers in the week ending Sunday, one more than the previous week. Based on the most recent asking prices, contracts in that seven-day stretch equated to roughly $271 million in sales, or a 30% weekly increase.

A trophy penthouse by the High Line park in West Chelsea helped fuel that sales total. The nearly 7,000-square-foot residence, asking $52 million, is the priciest contract signed in downtown Manhattan so far this year, according to Olshan. Developers originally offered the penthouse at One Highline on West 18th Street for $65 million in 2018.

[NYguy]

JULY 30, 2023



37 W 57th awaits demolition…

[NYguy]

NOVEMBER 25, 2023

[Busy Bee]

Please let the stars align on this one.

[ChiND]

I wonder if the lack of news for this project is due less to interest rates and more to some possible developments, namely:

1. Whether Sedesco will partner with Vornado. Vornado (and its partner, LeFrak) not only own the Rizzoli site, but Vornado also owns the hideous site at 49 W 57th where Riflessi used to be. The value of a combined site stretching all the way from 9 W 57th to 57 W 57th would be monumental!

2. Whether they are trying to acquire the crappy AKA Hotel on 58th, which would make this site truly enormous.

[NYguy]

This tower is likely being updated. That doesn't mean they would be in the ground already though. However, the transit improvements associated with this one have been completed, or nearly completed.

[Zapatan]

Aren't too many opportunities left like this right next to the park. I hope they keep it at 1,100 or go even higher.

[ChiND]

The value of incorporating Vornado’s and LeFrak’s Rizzoli site is that if 36 CPS is ever redeveloped, park views of Sedesco’s tower would be preserved if a large portion of the tower rises on Vornado’s site.

[SkyHigher]

1,100ft? Peasants. This is Manhattan not Oklahoma.

[Crawford]

Yeah, I hope the assemblage expands. Additional development rights could push this much higher.

[NYguy]

I'm fine with the height, but if they could work out a better design than what's planned, that's a plus.