Demolition permits have been filed with the Department of Buildings for the tallest condominium building south of ‘Billionaires’ Row.’ The approximately 950-foot tower revealed by real-estate blogger YIMBY last month will house 129 condos within a dramatic champagne flute-like design by the architects Kohn Pedersen Fox Associates.
Tentatively named 101 TriBeCa, the uppermost floorplates increase in size to take greater advantage of views uptown and towards the river that most likely will remain unobstructed years to come due to restrictive zoning in TriBeCa and Battery Park City.
more on the new tower here
When Extell Development, Hines and JDS Development Group tapped into air space along West 57th Street to push their projects to well above 1,000 feet, preservationist groups were up in the arms. Their outrage prompted The Municipal Art Society, a non-profit whose mission is to “fight for intelligent urban design, planning and preservation through education, dialogue and advocacy”, to create a new map showing just how much untapped development potential exists in the square footage above every property in Manhattan.
More on how the map was developed
The city has officially approved a $3 million streetscaping plan as part of the overall plan to create a cultural district on the border of downtown Brooklyn and Fort Greene, according to Crain’s New York. The plan, which will transform public spaces along several streets including Fulton Street, Ashland Place, Lafayette Avenue, will include ripping up the existing sidewalks and replacing them with dark stone slabs embedded with a sprinkling of lights. There will also be new seating and landscaping along a number of blocks north of Atlantic Avenue where patrons of popular institutions like the Brooklyn Academy of Music and BRIC arts and media gather. The idea is to turn that area into a cultural epicenter in Brooklyn, much like Lincoln Center in Manhattan, but comprised of several independent entities.
Find out more about Brooklyn’s new cultural epicenter here
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.
More details on the rezoning here
Long Island City gets glassier by the day, and now Tishman Speyer is teaming up with Toronto’s H&R REIT to build a three-tower, 1.2 million-square-foot “landmark luxury residential rental development” with 1,600 residential units and 30,000 square feet of retail space.
The dynamic duo paid a total of $55.6 million for the piece of land acquired from a partnership. The pair announced that they would put $875 million into the development, and construction is slated to kick off in 2015, playing out in three phases. Phase I will see the construction of a 42-story building with 700 units, with occupancy for those apartments expected for 2017. The new development will be sited across from the Gotham Center, which is located at Queens Plaza and 28th and was also developed by Tishman.
The Frick Collection just announced their plans for expansion last week and today they’ve unveiled renderings. The construction, designed by Davis Brody Bond architectural firm – the same firm responsible for the interiors in the 9/11 Museum – plans to expand the space by 60,000 square feet, connecting their Upper East Side mansion with the museum’s art reference library.
More on the massive expansion this way
If you didn’t like the renderings revealed earlier this year for the much-anticipated tower at 101 Murray Street, you’ll be pleasantly surprised to know that they were incorrect. New renderings – the right renderings- have been released to New York YIMBY… and she’s a beauty.
101 Tribeca, as she’ll be called, is being developed by Fisher Brothers and The Witkoff Group, and designed by Kohn Pederson Fox. The building is set to soar over Tribeca at roughly 950 feet tall with a sleek, slender design that elegantly bevels out at the top. The 63-story structure will house 129 condominiums, totaling 433,800 square feet. Its tall ceilings, coupled with its sheer height, promises to deliver unobstructed views that will stretch as far as New Jersey and Long Island.
Find out more about this record-breaking structure here
Last month, Jason Silverstein and David Shorenstein of Silvershore Properties along with investor Norman P. Rappaport purchased a $7.8 million Sutton Place townhouse. And just like that, they’re flipping it with an asking price of… wait for it… $19.95 million.
We’re not sure what rabbit Brown Harris Stevens listing agent Paula Del Nunzio plans to pull out of the hat but achieving a flip that big would be nothing short of spectacular. However, according to her webpage, she already has a few record-breaking sales under her belt.
More photos of the townhouse here
Over the years, the Brooklyn Navy Yard has become a modern manufacturing pole, and it has grown to host spaces for everyone from furniture makers to photographers to even financial services companies. Demand for space has grown tremendously, and in response, the Navy Yard has announced plans to create another 1.8 million square feet of space for both future and current tenants looking to grow their businesses.
More of what’s in store this way
If you renovate, will they come? It’s been less than a year since Jamestown Properties, the developer behind the successful Chelsea Market, acquired a 50% stake in the mostly abandoned industrial warehouse complex in Brooklyn’s Sunset Park known as Industry City.
Along with investment partners Belvedere Capital and Angelo, Gordon & Company, Jamestown plans to translate the success of Chelsea Market on a scale six times the size – 16 buildings encompassing over 6 million square feet formerly known as Bush Terminal. But while Brooklyn is currently the darling of the five boroughs, Sunset Park doesn’t quite have the cache of Chelsea – yet, and the viability of such an enormous undertaking is ten years in the making.
Watch a video interview with the developers this way