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  #81  
Old Posted Jun 11, 2016, 12:06 AM
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Looks promising
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  #82  
Old Posted Jun 14, 2016, 7:40 PM
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KPF/Archilier Architects Propose Supertall for Upper East Side


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The former Subway Inn dive bar and five other buildings on East 60th Street in Manhattan are set to be replaced by a towering new development, but exactly what shape and size that will take has yet to be determined. Competing proposals for the site, owned by Kuafu Properties, have presented some interesting designs.
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  #83  
Old Posted Jun 14, 2016, 11:34 PM
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  #84  
Old Posted Oct 6, 2016, 12:00 AM
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Hopefully in the next cycle, this will rise. For now, patience is a virtue.

======================


Kuafu principals split up



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The principals at Kuafu Properties, the Chinese private equity-backed development firm that rapidly became one of Manhattan’s most aggressive property buyers, are going their separate ways, sources told The Real Deal.

Zengliang “Denis” Shan, the former architect who was the conduit to the Chinese capital that bankrolled the company’s $750 million-plus buying spree, is leaving Kuafu TRData LogoTINY to start his own venture. Shan’s new company will include the $300 million development site at the former Subway Inn assemblage across the street from Bloomingdale’s on the Upper East Side.

Kuafu bought the site at 143-161 East 60th Street last October for more than $1,000 per square foot, with plans to build a 1,240-foot supertall condo tower. As the high-end condo market has suffered from a glut of oversupply, however, the developer said earlier this year the plan is to sit on the project and wait for the next real estate cycle.

Shang Dai, who started his career in the U.S. as an attorney doing real estate deals in Flushing, will stay on to lead Kuafu, which will retain the remaining $456 million worth of development sites the company bought.
In a statement to TRD, representatives for Kuafu said the split was amicable and the plan ““all along was for Shang and Denis to work together to start a U.S. real estate firm, with Denis ultimately spinning off to form his own platform.”
===========================
http://therealdeal.com/2016/10/04/ku...pals-split-up/
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  #85  
Old Posted Oct 6, 2016, 12:53 PM
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Originally Posted by chris08876 View Post
Hopefully in the next cycle, this will rise. For now, patience is a virtue.

======================


Kuafu principals split up




===========================
http://therealdeal.com/2016/10/04/ku...pals-split-up/
And when will this next cycle? 2020? 2030?
Many other projects like 36 So. Central Park (Park Lane), 80 South Street, 1710 Broadway, 666 Fifth Ave., 360 10th Avenue, 740 Eighth Ave and 31 W. 57th St are waiting for a new next cycle, but I believe that many of these projects will be deleted or resized. Has been too long time without more news about these projects, I fear for them.
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  #86  
Old Posted Feb 27, 2017, 2:36 AM
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61ST LEXINGTON:

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Whilst at RSHP, SFA director Neil Southard was a member of a small design team for 158 East 61st Street, (61st Lexington) A competition for 304m tall, this residential tower contains 128 luxury residences spread over 62 floors. The top floors of the tower would have views over Central Park and the East River.

Constricted by a tight site and complex planning laws the lower floors contained 3736m2 of retail space and a floor of parking. This created a podium for an outdoor residents terrace along with a private restaurant. A pool deck, spa, gym and private lounge each have their own floor with an additional outdoor terrace.





=========================
https://www.stuartforbes.com/commerc...1st-lexington/
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  #87  
Old Posted Feb 27, 2017, 2:39 AM
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Sexy tower! Bring it on.
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  #88  
Old Posted Feb 27, 2017, 4:10 AM
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Wish we knew if this was just a concept or if this is actually what's planned. It looks beautiful!
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  #89  
Old Posted Feb 27, 2017, 12:18 PM
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I think concept design. This would be big news if it were a reveal.

This project is under the radar though. Has the potential to be skyline defining at 1200+ ft and/or 304m such as the one above.

We also have Sutton Place. Granted the original proposal is FUBAR, something may rise on that parcel that could be significant. Potentially a super tall or near-super tall may arise from these two locations. Other being 426-432 East 58th Street.
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  #90  
Old Posted Feb 27, 2017, 2:22 PM
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I like this! So this is what would be going up where the Subway Inn used to be across from Bloomingdale's?
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  #91  
Old Posted Feb 27, 2017, 4:23 PM
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Super sexy tower.......crossing my fingers!
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  #92  
Old Posted Mar 1, 2017, 3:39 AM
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Wow this is beautiful. I hope this comes to fruition with this design!
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  #93  
Old Posted Mar 1, 2017, 8:43 PM
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I wouldn't mind either.
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  #94  
Old Posted Mar 2, 2017, 3:31 PM
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Hmm...I prefer the more slender design.
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  #95  
Old Posted Mar 2, 2017, 5:32 PM
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Does anyone else think this would sway in the wind? I have slept in the ph of a slim NYC skyscraper before and it nearly made me sick.
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  #96  
Old Posted Mar 2, 2017, 5:41 PM
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Quote:
Originally Posted by fimiak View Post
Does anyone else think this would sway in the wind? I have slept in the ph of a slim NYC skyscraper before and it nearly made me sick.
Modern buildings, even super-thin buildings, have very little noticeable sway. In older buildings from the 1960's and 70's, this would be an issue, but not with new construction.
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  #97  
Old Posted Mar 3, 2017, 12:40 AM
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The PSI with some of the newer skyscrapers is quite high. PSI of concrete in 432 Park for example. I believe it's like 14,000 psi.
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  #98  
Old Posted Apr 12, 2017, 1:17 AM
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Credit: walpole
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  #99  
Old Posted Apr 12, 2017, 2:19 AM
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This one always seems to get lost in the bunch. I guess until we get more concrete plans and constuction...
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  #100  
Old Posted Apr 29, 2017, 3:12 PM
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Another potential supertall.


================


Sumi Properties refis Subway Inn development site with $100M Ozarks loan



Quote:
Sumi Properties Group refinanced its supertall development site at the former location of the Upper East Side’s Subway Inn with a $100 million loan from Bank of the Ozarks.

The Arkansas-based bank has been in the deal since 2015, when it lent about $115 million on the property collateralized against a $200 million loan Mack Real Estate Group provided to Kuafu Properties, which acquired the six-building site at 143-161 East 60th Street between Lexington and Third Avenues from World Wide Group for $300 million. The deal for the site, which offers about 280,000 buildable square feet, penciled out to north of $1,000 per square foot, making it one of the priciest land deals of this cycle.

Sumi Properties founder Zengliang “Denis” Shan took the property with him when he left Kuafu Properties late last year, bringing along chief investment officer Stephen Muller to the new company.

Sumi paid down $100 million in debt with equity, and Ozarks refinanced the property with a new $100 million loan, property records filed with the city Friday show.

Representatives for Sumi and Bank of the Ozarks could not be immediately reached for comment.

Before Shan and his former partner Shang Dai split, they put the project on hold as the high-end luxury market slowed amid an influx of new condos on Billionaires’ Row, with plans to develop it in the next cycle.
==========================
https://therealdeal.com/2017/04/28/s...m-ozarks-loan/
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