, Wed, September 19, 2018
Rendering of the theater post-renovation. Image: Stillman Development International
New York developer Stillman Development International LLC has signed a 73-year-maximum lease on the Times Square Theater on West 42nd Street with plans for a $100 million makeover in keeping with neighbors like Hershey’s Chocolate World and Old Navy, the Wall Street Journal reports. Shuttered for almost 30 years, the theater, which opened on September 30, 1920 with Florence Reed starring in “The Mirage,” is seen by some as the last vestige of the neighborhood‘s descent into late 20th century blight before rising to new heights as a tourist mecca.
A new idea: Retail!
Rendering via the Governor’s office
At a well-timed press event this morning, Governor Cuomo touted the state’s $100 billion building program, the largest in the nation, and said if elected for another term, he’d increase that commitment to $150 billion. Among the many airport redesigns and the subway emergency plan, perhaps no project is more dear to Cuomo’s heart than that of Penn Station. And after a tour of the Moynihan Train Hall, on budget and on track to open by the end of 2020, the Governor announced that the dire safety, security, and circulation situation at Penn Station cannot wait two more years.
While construction wraps up at the LIRR and Amtrak’s future home, the state will build a new LIRR facility in the existing Penn Station. The proposal will double access to the trains with new entrances and an enlarged concourse and will create a permanent public plaza at 33rd Street and 7th Avenue.
All the renderings and details ahead
Via Governor Cuomo’s office on Flickr
At a construction tour of Moynihan Train Hall this morning, 6sqft had the rare opportunity to get up close and personal with the massive skylights that will crown this new concourse. The transformation of the historic James A. Farley Post Office into a bright, modern transportation hub is on time and on budget for its late 2020 opening, at which time it will increase the footprint of Penn Station by 50 percent, providing a new home for the LIRR and Amtrak. To date, 800 people working every day have logged more than one million hours of labor, and the four, massive skylights are perhaps the most stunning example of their efforts.
See all the views
The West 35th Street/Hudson Blvd entrance under construction. Image via Wiki Commons.
The Manhattan 7 subway extension makes it the only line south of 59th Street to offer service west of Ninth Avenue, providing a long-awaited public transit option–with a station at 34th Street and Eleventh Avenue–for the Jacob Javits Convention Center, the High Line, and Hudson River Park and serving as a selling point for Hudson Yards and the many new developments rising on the far west side. Delays plagued the extension overall, with its opening in September of 2015 happening two years behind its original scheduled date. It was announced at the time that the station’s second entrance on 35th Street would take longer to complete. Now, two years later, the second entrance is open.
More ways to hit the west side
Before the stretch became known as Billionaires’ Row, Al Pacino called 301 West 57th Street home. The Oscar-winning actor, best known for his roles in “Scarface” and “The Godfather,” lived in different units in the building between 1988, when the building was built, and 2013, including a 14-floor corner condo that just hit the market for $2.7 million, reports the Post.
Check it out
Image © 6sqft
A group of New Yorkers who live near Billionaires’ Row, an area with some of the most expensive residences in the world, filed a lawsuit on Monday to block a homeless shelter from opening in the Midtown West neighborhood. The West 58th Street Coalition sued New York City to stop the conversion of the old Park Savoy Hotel at 158 West 58th Street into a homeless shelter for men, a plan announced by Mayor Bill de Blasio in February.
The coalition claims the shelter, which would house 140 single men, would have “an enormous impact on our densely populated, narrow, high-pedestrian-traffic street.” While describing themselves as a group of “compassionate New Yorkers,” the Change.org petition says instead of the city paying $50,000 per person to stay at the Park Savoy, “a homeless man could have his own apartment, living in the neighborhood where he came from.” The new shelter sits behind One57, a known for the city’s most expensive residential sale ever: a penthouse that sold for $100 million in 2015.
After starting construction last summer, Skidmore Owings & Merrill (SOM)‘s reimagined Moynihan Train Hall is now beginning to take shape. Part of Governor Cuomo’s Empire Station Complex revamp of Penn Station, the old James A. Farley Post Office will be transformed into a crystal palace-esque boarding concourse with a 92-foot high skylight atop the 1913 building’s original steel trusses. CityRealty recently got an exclusive aerial look at how construction is progressing on the glass skylights ahead of the Train Hall’s anticipated 2020 opening.
See more construction shots
The building name might be coincidental, but it’s certainly no fluke that the late Robert Osborne‘s historic apartments at the Osborne co-op are perfectly preserved and decorated impeccably. Best known for his 20+ year run as the host of Turner Classic Movies and as the author of the official history of the Academy Awards, Robert moved into the Midtown West building in 1988 after Carol Burnett mentioned a friend was selling a residence there. He told the Times in 2006, “I was interested that there was a building called the Osborne spelled the same way I spell my name,” and so he toured that unit with Bette Davis. This became the first of three homes he’d purchase in the co-op, and as of today, all three of these are on the market–a one-bedroom unit on the third-floor asking $1.25 million, a second-floor one-bedroom asking $725,000, and a much smaller one-bedroom on the first floor asking $575,000.
See both units
Renderings via The Eugene
Between the adjacent mega-developments Hudson Yards and Manhattan West, the far west side is banking on becoming a city within a city. And if this amenity-rich lifestyle appeals to you, here’s a chance to get in on the action for less. Starting tomorrow, the second phase of the affordable housing lottery at Manhattan West’s massive rental the Eugene will be open for 103 low- and middle-income apartments, ranging from $613/month studios to $2,519/month two-bedrooms. Designed by Skidmore Owings & Merill (SOM), the 62-story glass tower at 435 West 31st Street offers amenities like a rock climbing wall, “sky lounge,” pet spa, and fitness center. These are in addition to Manhattan West’s two-acre public park and 240,000 square feet of curated food, retail and other pop-up events
Find out if you qualify
Rendering via BIG
Instead of razing and redeveloping its 2 Penn Plaza office tower, Vornado Realty Trust said on Tuesday it will simply renovate the building. As Commercial Observer reported, the company’s CEO, Steven Roth, said earlier plans of demolishing the 31-story tower and grabbing 5 million square feet of development rights from Madison Square Garden to build a bigger tower, would not be feasible. Moving forward with option B, Vornado will likely stick with designs from Bjarke Ingels Group. More than two years ago, BIG revealed renderings that showed a wave-like canopy of glass panels that would envelope 2 Penn Plaza above the retail entrances on the ground floor.
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