Rendering by Hayes Davidson
The partners behind the Jean Nouvel-designed tower at 53 West 53rd Street (also known as the MoMA Tower) will be serving even more price chops to the ultra-luxury project in the midst of lackluster sales, though they disagree on how much that should be. As Crain’s reported, Hines, Goldman Sachs, and Singapore’s Pontiac Land Group recently underwent an arbitration process to settle the matter, with Hines seeking aggressive discounts. The 1,050-foot condo building has already received $167 million in price cuts since hitting the market almost four years ago with a projection of $2.14 billion in sales. About 15 percent of the 145 units at 53W53 are under contract currently, with closings set to begin in the spring, a spokeswoman for the project said.
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Skyline rendering with The Spiral via Tishman Speyer
The Hudson Yards mega-development on Manhattan’s far west side is fast becoming a collection of notable new skyscrapers; construction is underway on what may be the most recognizable of the bunch, the office tower known as The Spiral that will occupy full-block site at 66 Hudson Boulevard between West 34th and 35th Streets. Bjarke Ingels Group’s design features setbacks that wind their way up the building’s exterior, hosting landscaped terraces for tower-level floors along the way.
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Exterior view of The Museum of Modern Art on 53rd Street. Rendering by Diller Scofidio + Renfro, courtesy of MoMA.
The Museum of Modern Art will be closed throughout the summer as it prepares to open its expanded campus on October 21st. The $400 million expansion, developed by MoMA with architects Diller Scofidio + Renfro in collaboration with Gensler, will add more than 40,000 square feet of gallery spaces and allow the Museum to exhibit more art in new, interdisciplinary ways. The final phase of construction will expand into Jean Nouvel’s new residential tower 53W53 and into the site of the demolished American Folk Art Museum. It will add innovative performance and education spaces, expand the MoMA Design and Bookstore, and add free street-level galleries on the ground floor that will make art more accessible for all.
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Manhattan Plaza (photo via LIHC Investment Group)
A lottery to snag a waiting list spot for Mitchell-Lama rental apartments in Manhattan Plaza at 400 West 43rd Street–where, according to the Hollywood Reporter, Alicia Keys was born and Samuel L. Jackson was the first security guard–has just opened (h/t CityRealty). Senior citizens and residents of all ages in Community Board 4 are eligible to apply for studio to one-bedroom apartments. Rents aren’t listed, but you can expect a significant discount from the neighborhood median of $3,000/month for studios and $3,600/month for one-bedrooms. There are four lists (community studio list, community studio elderly list, community one-bedroom list, community elderly one-bedroom list) with 500 spots available on each. The deadline to apply for all is January 31, 2019.
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The West 58th Street Coalition, a group of residents suing over the city’s controversial plan to open a homeless shelter on Manhattan’s Billionaires’ Row, has won a temporary injunction to halt construction at the former Park Savoy Hotel, the New York Post reported Thursday. The residents sued the city in July, claiming the proposed shelter posed a significant fire hazard and also fearing their new neighbors would usher in increased crime and loitering in the area as well as “un-quantifiable economic harm to the value of their property,” as court papers stated.
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Images (L to R): The Lewis, The Rollins, 1510Lex, and 46 Cook Street
- Newly-Built Rentals at The Lewis Leasing Serene Midtown West Rentals from $2,825/Month=[LINK]
- The Rollins at Essex Crossing: New Lower East Side Rentals Leasing with Special Offers[LINK]
- Carnegie Hill Luxury Rentals from $2,995/Month at 1510 Lexington Avenue[LINK]
- Newly-Constructed, No Fee Rentals at 46 Cook Street in Williamsburg; 2-Beds for $2,999/Month[LINK]
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There are 2.5 miles of public viewing along the parade route in NYC; this interactive map can help you find a great spot instead of getting lost in the crowd. The map, from the fine folks behind the parade, outlines when the parade will pass by, which streets have the best public views (6th Avenue from West 59th to West 38th Streets gets the thumbs-up) and which ones are restricted, such as Central Park South at Columbus Circle. Also marked are all-important things like coffee, food, and restrooms.
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The first phase of the Hudson Yards megaproject, including the public square and gardens and its centerpiece, Vessel, as well as The Shops & Restaurants at Hudson Yards, anchored by NYC’s first Neiman Marcus store, is preparing to open this spring. Now, Fifteen Hudson Yards has revealed Skytop, the highest outdoor residential space in NYC at 900 feet in the air, and an equally dizzying suite of amenities for residents at the Rockwell Group and Diller Scofidio + Renfro-designed 88-story tower.
Cast your eyes heavenward
Photo by Michael Toolan
Without even reaching its final height of 1,428 feet tall, SHoP Architect’s Midtown supertall is already boasting amazing views. New photos released this week of 111 West 57th Street, which recently surpassed 1,000 feet high, show off views from the tower’s 64th, 72nd, and 73rd floors. Upon completion, the Billionaires’ Row tower will become the tallest residential building in the world, taking the title from 1,396-foot 432 Park Avenue, (until 1,500-foot Central Park Tower tops out). With a super slender frame (a ratio of 1:24), 111 West 57th Street is also set to become the skinniest skyscraper in the world.
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Photo of Adriana Lima via Wikimedia
Sure, she sold her former Midtown West condo at nearly 50 percent off, but considering she’s Victoria’s Secret’s longest-running and “most valuable” Angel, we’re guessing Adriana Lima will be just fine to take the blow. The Brazilian supermodel bought the three-bedroom apartment at 146 West 57th Street in 2003 for $1,995,000. Six years later, she married NBA player Marko Jarić, and after the couple had two children, they put the 42nd-floor pad on the market for $5.5 million in 2013. But after five years, a 2016 divorce, and four price chops, the pad has finally sold, reports the Post, for the much-discounted price of $3.3 million.