, Mon, September 18, 2017
Photo of Trump Tower courtesy of Krystal T’s Flickr
While this week marks just the third time President Donald Trump has visited New York City since his January inauguration, property taxes he filed after the election designate Trump Tower as his primary residence. As the Real Deal reported, Trump will save $45,000 by calling his penthouse his main home, utilizing a tax credit known as the “coop condo abatement.” The credit can be used by owner-occupied co-ops and condos and takes off 28.1 percent of property taxes for the unit. Because of the tax abatement, the president has saved a little under $200,000 on his taxes over the last five years.
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, Mon, September 11, 2017
After making several attempts to sell his pad, fashion designer Tommy Hilfiger is relisting his lavish penthouse apartment in the Plaza for $50 million. Hilfiger and his wife, Dee Ocleepo, first listed the apartment at 1 Central Park South in 2013 for $80 million. After dropping to $75 million in March 2015 and then $69 million, the most recent relisting had the property on the market for $58.9 million in April (h/t Mansion Global). The couple paid roughly $20 million in renovations for the 5,600-square-foot duplex, which features marble-clad rooms, vintage limestone fireplaces from England and a domed room that features a custom-designed “Elouise” mural designed by the children book’s illustrator Hilary Knight.
Photos © Nei Valente
6sqft’s series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. In this installment Brazilian designer and street photographer Nei Valente presents his series “Fifth Avenuers.” Are you a photographer who’d like to see your work featured on The Urban Lens? Get in touch with us at [email protected].
Fifth Avenue: the street that divides Manhattan east to west; home to many of the world’s most prestigious museums and famous buildings; high-end shopping destination; the road to Central Park; office district. There’s no one way to describe the thoroughfare, nor is there one type of person associated with it. It’s this vibrancy that branding designer and street photographer Nei Valente set out to capture in his new series “Fifth Avenuers.” Over several months, Nei used his lunch breaks to capture “the unusual mix of tourists, blue- and white-collar professionals, and shoppers,” creating “a visual registry of people and moments from one of the most iconic avenues in the world.” His editorial style and candid technique is not dissimilar from that in “Newsstands,” in which he documented the changing face of newsstands around the city. Ahead, Nei shares all his photos from “Fifth Avenuers” and fills us in on what went on behind the scenes.
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Rendering of the Palace Theatre entrance via Maefield Development
Two years since the plan’s approval by the LPC, the redevelopment of the historic Palace Theatre at 1568 Broadway is nearly ready to take off. The theater will be raised 29 feet above its current level, making room for 70,000 square feet of new retail and entertainment space. With help earlier this month from L&L Holding Company, who became an equity and development partner, the ambitious project continues to progress; as CityRealty discovered, new renderings show the theater enveloped by an expanded Doubletree Guest Suites hotel, a new glass facade, and a sweeping LED screen at its podium. And though the gilded Beaux-Arts interiors will be preserved (they’re interior landmarks), some preservationists have expressed concerns that moving the actual structure is a bit too aggressive.
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Image via Wiki Commons
The day after Mayor de Blasio and Governor Cuomo announced plans to review and remove controversial public Confederate structures and markers throughout the city, the MTA says it will do the same. Well, sort of. Over 90 years ago, station architect Squire J. Vickers installed mosaics resembling the Confederate flag at the 40th Street entrance for the 1, 2, 3 trains to honor early New York Times owner and publisher Adolph S. Ochs, who had “strong ties to the Confederacy” and was buried with a Confederate flag when he died in 1935. But yesterday, MTA spokesperson Kevin Ortiz told Gothamist, “These are not confederate flags, it is a design based on geometric forms that represent the ‘Crossroads of the World’ and to avoid absolutely any confusion we will modify them to make that absolutely crystal clear.”
Rendering of Central Park Tower via Extell Development
A new rendering of Central Park Tower, slated to be the tallest residential tower on Earth, shows the most sparkling image of the residential building yet. Construction for Extell Development’s supertall, located at 225 West 57th Street on Billionaires’ Row, is underway and when completed, the tower is projected to be 1,550-feet tall. As CityRealty reported, the all-glass rendering appears to be taken about 900-feet above Central Park and leaves out rivaling towers, 432 Park Avenue and 111 West 57th Street. The $2.98 billion project is expected to be completed in 2019.
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In May, State Senators Brad Hoylman and Liz Krueger drafted a letter to the Landmarks Preservation Commission asking them to designate the Rose Main Reading Room (one of the largest uncolumned interior spaces in the world) and the Bill Blass Public Catalog Room at the iconic Stephen A. Schwarzman Building on 5th Avenue as interior landmarks. Though the LPC has been criticized in the past for their backlog of potential landmarks, they quickly put the request on their schedule and just this morning voted unanimously in favor of the designations, which protect the spaces’ murals, decorative plasterwork, metal and woodwork, light fixtures, windows, doors, balconies, built-in bookcases, and decorative elements.
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Photo of Trump Tower via Krystal T’s Flickr
The Secret Service has left its central command post inside Trump Tower after an argument between the agency and the Trump Organization over the lease agreement for the space. While the Secret Service previously placed its supervisors and backup agents one floor below the president’s apartment, the Washington Post reported that in early July, the agents were relegated to a trailer on the sidewalk. Although President Trump has not been to his eponymous tower since he was inaugurated in January, the Secret Service still treats Trump Tower as the president’s permanent residence.
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Image via Radius Displays
Real New Yorkers will do anything they can to avoid the chaos of Times Square, but debuting in less than a week is a technological marvel that might draw even the most Midtown-adverse out of their Uptown or Downtown havens. As CityRealty first reports, Radius Displays, a leading digital sign producer, has plans to introduce a massive 3-D video display in the ad-drenched stretch this month. The billboard, which they are billing as “unlike anything else in Times Square, or indeed the world,” will not only span an impressive 2,600-square-feet but be made up of thousands of individual panels capable of creating mind-boggling Inception-like effects.
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Central Park Tower renderings (Extell / AS+GG)
We expected that Central Park Tower, the city’s tallest-tower-to-be swiftly rising at 225 West 57th Street, would be giving Midtown record-smashers like 432 Park Avenue a run for their trophy-tower money. And now newly-revealed details uncovered from the building’s EB-5 brochure offer a first glimpse of what the upcoming supertall’s rivals could be up against. The preliminary overseas marketing images spotted by CityRealty show off the 1,550-foot-tall building’s apartment layouts and the ultra-luxe amenity spaces that will sit high above the hotel and Nordstrom, the building’s flagship retail tenant. Developer Gary Barnett’s new condo development is the most expensive ever attempted in the city and is projecting a $4 billion sellout including retail and hotel tenants.
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