The Astor Suite at the Plaza Hotel and Residences at 1 Central Park South just hit the market for an Astor-worthy $39.5 million. The listing calls the 4,284 square-foot, three-bedroom home “one of the most historic homes ever to become available in the United States.” Currently owned by Esprit founder and former CEO Jürgen Friedrich, the suite boasts a roster of past residents that includes John Jacob Astor, the Duke and Duchess of Windsor and John F. Kennedy.
Here’s your chance to live in an iconic unit of the super-luxury Midtown tower One57 at a relative discount. According to CityRealty, the “usual” average price per square foot for an apartment at the building is $6,120—but this four-bedroom, four-and-a-half bath pad is asking $13.9 million at a price of $3,742 per square foot. It’s also located right under the skyscraper’s distinctive arched-glass walls at both the top and middle of the tower.
In November, the City Planning Commission voted to raise the cost of air rights transfers in the Theater District, allowing the city to take a 20 percent cut of any sales and establishing a minimum floor price of $346, a roughly 400 percent increase over the current $17.60 flat fee that they feel will be more in line with current property values. Despite vocal opposition from the Real Estate Board of New York, who back Theater District landlords and believe the increase is “is onerous, excessive and unfair,” this month the Commission is hoping to have the proposal approved by the City Council, reports Crain’s.
Under the New Yorker Hotel, a former guest convenience has been rendered an Art Deco artifact by the times. While not built to be a secret, a tunnel connecting the Midtown hotel’s lobby to Penn Station was sealed on the station’s side sometime in the 1960s and subsequently forgotten, according to Atlas Obscura.
After stalling repeatedly over design disagreements, budget woes, and funding squabbles, NJ.com reports that The Port Authority said it hopes to have a new midtown Manhattan bus terminal built in New York by 2030, shovels in the ground by 2021 and be “well underway” by 2026. Though some lawmakers expressed doubt about the ambitious schedule, Steven P. Plate, Port Authority chief of major projects, said at a Legislative Oversight Committee joint hearing about the agency’s $32 billion revised capital plan, “We will have full environmental approval, permits in place and construction well underway” according to that timeline.
Back in September, Related Companies chairman Stephen Ross finally unveiled the large-scale artwork that would anchor the central public space within Hudson Yards. As Ross revealed, Thomas Heatherwick was chosen to design the piece, and it would cost an incredible $150 million to build. Dubbed “The Vessel,” the climbable sculpture would rise 16-stories—150 feet tall, 50 feet wide at its base and 150 feet wide at the top—and consist of a web of 154 concrete and steel staircases with 2,500 steps, 80 landings and an elevator; the piece, in fact, so massive that it could comfortably accommodate 1,000 visitors at a time. The sculpture was to be constructed in Monfalcone, Italy before being shipped to its home on the Hudson River. And now CityRealty reports that parts of what Ross once called “New York’s Eiffel Tower” have officially arrived at the site and await assembly.
When completed, Related Companies‘ and Oxford Properties Group’s 50 Hudson Yards will be the city’s most expensive office building, coming in at $3.94 billion. To make starchitect Norman Foster‘s pricey vision a reality, the developers had filed an application with the New York City Industrial Development Agency to take advantage of financial incentives that were enacted in 2006 to encourage development in Hudson Yards. And according to a new report in Crain’s, the agency has approved $195 million in such tax breaks, which include making fixed payments towards the 985-foot tower’s development costs instead of paying property taxes that vary from year to year, as well as receiving a discount on the mortgage recording taxes.
It’s been less than a month since it was revealed that starchitect Norman Foster would be designing the Related Companies‘ and Oxford Properties Group’s 50 Hudson Yards commercial tower, but the developers have already pegged the cost of the project at $3.94 billion, which will make it the city’s most expensive office building, reports The Real Deal. The 985-foot tower, where BlackRock has already signed a 20-year lease for 15 floors, will surpass One Vanderbilt‘s projected $3.14 billion price tag and Bjarke Ingels’ planned $3 billion+ High Line tower known as The Spiral, as well as One World Trade Center‘s current record of $3.8 billion.
This Midtown West condo, at 448 West 37th Street, is known as the Glass Farmhouse—and this live/work loft is certainly glassy. The completely open, 1,550-square-foot pad has 13-foot, beamed ceilings, with eight feet of windows underneath. And all that space, the listing suggests, “allows endless possibilities for decoration and setup as you want.” Although the building is a condo, this one is up on the rental market for nearly $5,000 a month.
It’s been 14 months since developer Related Companies bought the site of a former McDonald’s at 34th Street and 10th Avenue, the final parcel needed to complete Hudson Yards. Initial reports said the site of 50 Hudson Yards would hold a 62-story, 1,000+ foot commercial tower, but Related and Oxford Properties Group have now revealed that the structure will rise 58 stories and 985 feet and be designed by starchitect Norman Foster. As first reported by Curbed, the news comes on the heels of BlackRock’s decision to sign a 20-year lease for 15 floors, or 850,000 square feet, in the building, leaving their long-time Park Avenue home in a show of confidence in the mega-complex.
Just two months ago, West Side elected officials and the Port Authority agreed to move ahead on the 10-year, $10 billion capital project to replace the current Bus Terminal, releasing five design proposals for a new building. But officials at the bi-state agency “have reached an impasse” on the project due to budget concerns and disagreements on the design, reports Crain’s.
The City Planning Commission has voted to up the cost of air rights transfers in the special Midtown Manhattan district that includes Broadway’s theaters, The Real Deal reports. Currently, when developers purchase air rights from theaters between West 40th and West 57th Streets from Sixth to Eighth Avenues, they pay $17.60 per square foot to the Theater Subdistrict Fund. Transferable development rights can usually only be used for adjacent properties, but the city created the special district in 1998 to help the theater industry thrive amid sharply rising real estate prices; within the district, air rights can be moved more freely in a larger area outside the usual “arms length” restrictions.
The Church of St. John the Baptist, located at 213 West 30th Street between 7th and 8th Avenues, has stood in Midtown since 1872. Designed in the French Gothic-style by architect Napoleon LeBrun, it first served New York City’s German population and was later assumed by the Capuchin Friars. In 1974, a brown brick Brutalist structure was added on the other side of the site at 210 West 31st Street, facing Penn Station, to serve as the Capuchin Monastery of St. John the Baptist. This two-story building was recently acquired by KBS Capital and Onyx Equities, who plan to spend $14.2 million converting the property into a 30,000-square-foot retail space, reports The Real Deal. Though initial plans don’t seem to touch the 144-year-old church, a rendering of the 31st Street project shows a glassy, neon-laden facade.
For architectural photographers, Bjarke Ingels‘ self-described “courtscraper” Via 57 West is a dream. From its sharp angles and unique tetrahedron design to its winding courtyards and geometric interiors, the 32-story rental offers plenty of artistic shots. A couple months ago, just as the Midtown West project wrapped up construction, Iwan Baan released a set of images that showed new vantages of the central outdoor space and views of how the building fits in with the skyline. Now, ArchDaily shares a collection of photos from Danica O. Kus, these providing never-before-seen looks at Via’s interior spaces–including the lobby, pool, and balconies–as well views of the the building’s public art piece and highly artistic shots of its facade.
When developers at Brooklyn Capital Partners and designers at AE Superlab revealed their proposal to erect the world’s tallest free-fall ride atop Penn Station, it seemed like perhaps a commentary on Governor Cuomo’s big-ticket overhaul of the station. But in fact, the team hoped their 1,200-foot Halo, as it’s being called, would rise along with the renovations, serving as “an interactive beacon for the city.” As 6sqft reported, “the ride’s 11 cars… could be modified to move as quickly as 100 miles per hour giving it a top-to-base free fall of about six seconds.” A freshly uncovered video shows this in action, and a new project website provides more details on the logistical components, 20-month construction time period, and $130 million in annual projected revenue.
News at starchitect Jean Nouvel‘s condominium MoMA Tower (officially called 53W53) has been relatively quiet since units hit the market just over a year ago. But CityRealty brings us an update from the Billionaires’ Row construction site, where the 1,050-foot-tall, tapered tower is currently getting the first of its intricate, diagrid skin, which the architect once said will resemble blood running the veins with its nighttime lighting.
Model unit designed by Lillian August
After launching its affordable housing lottery for 120 below-market rate units back in May, 555Ten has revealed pricing for its 478 market-rate rentals, ranging from $3,150/month studios to $6,250/month two-bedrooms. Designed by SLCE Architects and developed by Extell, the 610-foot, 53-story glassy skyscraper will offer an over-the-top amenity package (including a dog run, two salt water pools, and a bowling alley) and custom-designed interiors from McGinley Design. The model units are open for business, and we’re told that the amenity spaces will start to reveal themselves later this week in anticipation of November occupancies.
In anticipation of its sales launch, 15 Hudson Yards released a slew of new renderings last month, showcasing “new views of the bundled quad of cylinders that make up its body, as well as its rectilinear base that will abut the Shed,” as 6sqft reported. And now without further ado, listings for the 285 market-rate condos (there will also be 106 affordable rentals) have officially come online, ranging from a $3.7 million two-bedroom on the 25th floor to a $13.8 million penthouse on the 84th floor, according to Curbed.
When hedge fund manager Bill Ackman closed on a $91.5 million penthouse at One57 in April 2015, he had already boasted that he had no intention of ever living in the place, but that he’d host parties there and eventually flip it as a “fun” investment. It seems that over the past year and a half, Ackman, whose net worth is estimated at $1.6 billion, has gotten even more optimistic, as a source close to him told Vanity Fair that he thinks he’ll be able to sell the 13,500-square-foot duplex for $500 million. As The Real Deal notes, this claim comes despite the fact that other units in the building have been recently listed at a loss and that his fund Pershing Square Capital is down to $11.4 billion under management from $20 billion in March of 2015.
In 1932, Mexican artist Diego Rivera was commissioned by Nelson Rockefeller to add a mural to the soaring lobby of Rockefeller Center. Despite being known for his petulant temper and loyalty to Communism, Rivera was still one of the most highly sought after artists of his time, lauded for his creative genius and his detailed paintings. But politics, artistic vision, power and wealth collided in 1934 when a displeased Rockefeller had the very mural he commissioned from Rivera chiseled off the wall the night before it was to be completed.