Posted May 10, 2012, 1:03 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 50,588
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Quote:
Originally Posted by babybackribs2314
If something containing 2.7 MSF were to rise here, I'd imagine it could look something like this.  |
It's funny you should bring that up, because with the City's plan to allow developers tear down and build bigger becoming a reality, the bigger buildings around Park Ave, like the MetLife, could be eclipsed. Park Avenue will get some of that west side buzz. But the article below talks about this fictional Park Avenue tower, and how effective such a tower would be in this location.
http://www.rew-online.com/2012/05/09...-to-marvel-at/
Stark Tower: Something to Marvel at
May 9, 2012
BY SARAH TREFETHEN
Quote:
Among the superhero clashes and camaraderie of Marvel’s The Avengers, which shattered box-office records when it opened this weekend, the movie features another strong personality (and accomplished movie star) often left in the background: midtown Manhattan. For those in the real estate industry, the blockbuster’s buildings — both real and imaginary — may be as much fun to watch as Mark Ruffalo’s dramatic transformations into the Incredible Hulk.
The block of 42nd street in front of Grand Central Station is the scene of a final battle between Captain America et al and a flying army of alien invaders, with plenty of spillover into the surrounding neighborhood. “As a real estate person you’re sitting there, unlike a normal person, thinking about the buildings,” said Michael T. Cohen, president of Colliers Tri-State. “I saw 120 Park, 125 Park, and I said to myself, I wonder what the owners of those buildings feel, watching them getting torn up by extraterrestrials.” Chris Hemsworth’s Thor, needing something to steady himself while shooting lightening bolts towards a wormhole the sky, turns to the spire of the Chrysler Building.
But the property that sees the most action isn’t part of anyone’s Manhattan portfolio. Stark Tower, the fictional creation of Tony Stark (also know as Iron Man, played in the movie by Robert Downey Jr.), looms above Grand Central, tapering slightly to a height of about 1,000 feet and topped with a specialized landing strip for Iron Man’s flying suit that also serves as a more conventional helicopter pad. The upper stories are Stark’s personal penthouse. “It’s clearly an office building that would attract high-end corporate users,” said Wes Rudes, senior vice president at the tenant representation firm Cresa, who watch the movie with his 8-year-old son over the weekend. “It is, however, way too big a target for alien terrorists to command top rents.”
“In choosing the MetLife location we were also recognizing the rich topography of the streets below … the ultimate conflagration of rich histories and futuristic ideas,” Chinlund said. But Cohen questioned the choice of neighborhood. “I don’t think they picked the most upscale location. The Grand Central market is kind of soft right now, and what sells is park views. If I were Tony Stark, I would have put Stark Tower up by the General Motors building,” he said. “The tower’s floor plates also looked a little on the small side.”
Like Rudes, Cohen worried that superhero use might not be compatible with midtown’s more traditional mix of banking, business and law. “The Hulk’s presence in any building would drive down rents,” he said. Nonetheless, Cohen was confident space in the building would lease for a more than $100 a foot. “It certainly looked to me like at least a million square foot tower,” he said, estimating a market value upwards of $1 billion...
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