Hot off the purchase of $85 million in air rights, and with a new construction loan of $860 million in tow, Hines is back on track to bring the Jean Nouvel-designed MoMA residential tower to fruition. According to TRD, Hines just closed on two deals to buy more than 240,000 square feet of development rights from MoMA and the St. Thomas Episcopal Church for $85.3 million.
We often think of the street grid as New York’s greatest “master plan.” Officially known as the Commissioners’ Plan of 1811, this put in place the original, gridded street pattern that we still know today. But there have been several other master plans that took shape on a smaller scale within the linear configuration of Manhattan. These planned communities were largely conceived to transform blighted or underutilized areas into suburban enclaves or peaceful oases within the big city. And just like the neighborhoods that grew organically among the street grid, these master-planned areas each have a unique character. They’ve also influenced a new crop of developments, currently under construction on the West Side and in Brooklyn.
Even in a city filled with stunning multimillion-dollar residences it is rare to find one that is equally impressive inside as it is out. Well, look no further this two bedroom penthouse at Windsor Tower, 5 Tudor City Place.
Landmarks Deems S.L. Green’s One Vanderbilt Tower ‘Appropriate’ for Its Grand Central Site, Others Not Happy, Tue, July 22, 2014
The New York City Landmarks Preservation Commission held a hearing today on a proposal by S.L. Green to build a huge tower on the northwest corner of Vanderbilt Avenue and 42nd Street directly across from Grand Central Terminal. The proposal before the commission was an application for a “certificate of appropriateness” for a transfer of air rights from the former Bowery Savings Bank Building at 110 East 42nd Street between Park and Lexington Avenues.
The developers of S.L. Green made their moves by wooing Landmarks with renderings of Kohn Pedersen Fox-designed tower which would be 1,350 feet tall not counting a 100-foot-high spire—this is significantly higher than the Chrysler Building on the northeast corner of Lexington Avenue and 42nd Street and higher than all the supertalls in construction or planned for 57th Street.
We’ve seen Manhattanites do all kinds of crazy and creative things to maximize space—from turning their ovens into closets to lofting entire rooms—but the Guzman Penthouse by LOT-EK is one of our favorite transformations.
To expand this penthouse residence, LOT-EK revamped an old mechanical room, added a 20-foot shipping container to serve as the master bedroom, and created a spacious rooftop patio, all of which sit on top of the building with jaw-dropping Empire State Building views.
If his home is any indication, we’re guessing Oasis frontman Liam Gallagher loves animal prints as much as he loves Great Britain. According to the NY Post, the singer and his brother Noel have just put their Essex House condo up for sale for $4 million with Douglas Elliman agents Oren and Tal Alexander.
Norman Foster’s design for the New York Public Library (NYPL) may have been scrapped, but the library isn’t giving up on the opportunity to turn its space into an innovative learning hub. As the NYPL gears up for a new $300 million renovation plan, they’re turning to a very unlikely locale for their inspiration: The South.
The NYPL is using two high-tech libraries in Tennessee and North Carolina as models for their new spaces at the Schwarzman building and the highly trafficked Mid-Manhattan branch across the street. The renovation will be geared towards the needs of teachers, students and entrepreneurs, and will be designed to support collaborative pursuits within the library walls.
Photo © Jeff Koons. Courtesy Gagosian Gallery. Photography by Tom Powel Imaging.
Is it a giant rat? A horse? A dinosaur? Those passing by 30 Rock over the past week and a half have probably been wondering what’s going up in the famed plaza (at least we have). Word has it that Jeff Koons is back in the ‘hood, this time with a massive sculpture of a pony, or “Split-Rocker”, grafted in living flowers and complete with an internal irrigation system.
Editor’s note 8/27: This article has been updated to show the completed work, seen above.
Caveat to DeBlasio’s Grand Central Terminal Area Rezoning Would Require Special Permit for New Hotels, Wed, June 18, 2014
The impetus behind the rezoning plan allowing taller towers in the blocks surrounding Grand Central Terminal – specifically the five blocks of Vanderbilt Avenue from East 42nd Street to East 47th Street – is to keep New York competitive with office development in other major cities like London and Shanghai.
However, according to the Wall Street Journal, the hotel-workers union, which had a key role in the demise of a similar proposal under former Mayor Michael Bloomberg, has flexed its muscles once again, seeking a concession that would require any new hotels to receive a special permit from the City Planning Commission and the City Council.