Midtown East

Celebrate Pride Month at the library! As part of the New York Public Library's "Love & Resistance: Stonewall 50" exhibition, the doors at the Stephen A. Schwarzman Building are staying open on Friday, June 21 for the "city's most cerebral happy hour." The after-hours event offers access to the Rose Main Reading Room and other gorgeous library spaces, artist and curator talks, readings from the archives by special guests, a literary drag show with Drag Queen Story Hour, music, food, drinks and more.
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Events & Things To Do

Waldorf Astoria condos will launch sales in the fall

Photo by James and Karla Murray exclusively for 6sqft.

June 11, 2019

Waldorf Astoria condos will launch sales in the fall

The redeveloped Waldorf Astoria residences have a new teaser website, and according to an announcement by the historic hotel's owner, Beijing-based Anbang Insurance Group Co., the new condos will be called The Towers of the Waldorf Astoria. The Wall Street Journal reports that sales of 375 private residences at the storied hotel will begin in the fall.
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The Four Seasons is closing this week, less than a year after $40M reopening

Photo via Wikimedia

June 10, 2019

The Four Seasons is closing this week, less than a year after $40M reopening

Less than a year after moving out of the historic Seagram Building and reopening a new space, the famed Four Seasons Restaurant will close Tuesday, the New York Times reported. The news comes after the restaurant reopened last year on East 52nd Street with a $40 million renovation. And last December, former managing partner Julian Niccolini resigned after pleading guilty to sexual assault in 2016.
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Food & Dining

NYC Council approves JPMorgan’s 70-story Midtown East tower

Via Flickr

May 9, 2019

NYC Council approves JPMorgan’s 70-story Midtown East tower

The New York City Council on Wednesday approved the first supertall to be constructed under the Midtown East rezoning. JPMorgan Chase will build a new 70-story headquarters at the site of its current offices at 270 Park Avenue. The rezoning, adopted by the city in 2017, affects more than 70 blocks around Grand Central Terminal and encourages the construction of taller, more modern office towers in the neighborhood. Designed by Norman Foster's Foster + Partners, the 1,400-foot building is set to become one of the tallest structures in the city and the tallest office building by roof height.
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Policy

Proposed project from Vornado and Rudin calls for 1,450-foot tower in Midtown East

Via Vornado Realty Trust and Rudin Management Company

May 6, 2019

Proposed project from Vornado and Rudin calls for 1,450-foot tower in Midtown East

A tentative joint venture between two developers could bring another supertall to Midtown East. Vornado Realty Trust and Rudin Management Company may team up to develop a 1,450-foot office tower at 350 Park Avenue, the Real Deal reported Friday. A leaked brochure for the potential project includes renderings of the proposed tower, revealing a glassy building with a series of setbacks that would allow for outdoor terraces and floorplates of various sizes.
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Real Estate Trends

Plans for second-tallest building in the Western Hemisphere move forward with demolition permits

Rendering courtesy of Gensler

April 15, 2019

Plans for second-tallest building in the Western Hemisphere move forward with demolition permits

Just one month after closing on 5 East 51st Street, a six-floor rental across the street from St. Patrick’s Cathedral, developer Harry Macklowe has filed demolition permits with the city, as CityRealty reported. This move brings Macklowe one step closer to realizing his vision for Tower Fifth, a 1,556-foot office tower that, if approved, will become the second-tallest building in the Western Hemisphere, surpassing Macklowe’s own 432 Park Avenue and coming in just short of One World Trade Center. (Tower Fifth's roofline would actually be 216 feet above One World Trade Center's but since its mast brings the building's official height to 1,776 feet it would retain the title of the city's tallest building.)
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New Developments

Aby Rosen says he’ll add an observation deck to the Chrysler Building

Photo via Max Pixel

April 3, 2019

Aby Rosen says he’ll add an observation deck to the Chrysler Building

“I see the building as a Sleeping Beauty: It needs to be woken up and revitalized,” developer Aby Rosen told the Post about his plans for the Chrysler Building. His firm RFR Realty, in partnership with Signa Holding, bought the landmark for $150 million last month . His plans include restoring the 1930s Art Deco interiors by way of a series of restaurants that will take inspiration from Chrysler's original Cloud Club, as well as adding a '"fashionable food hall" (of course) and retail spaces. The biggest news, though, is that he also wants to incorporate a new observation deck, joining the ranks of 30 Hudson Yards, One Vanderbilt, and Chrysler's one-time rival the Empire State Building.
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New Developments

March 28, 2019

Photos capture the historic glamour of the Waldorf Astoria before its renovation

To the dismay of many New Yorkers, the Waldorf Astoria closed its doors in 2017 for a huge renovation project that will ultimately create larger hotel rooms and add a new set of luxury condos. After the plans were announced, the Landmarks Preservation Commission designated the hotel's first three floors as an interior landmark, meaning the new owners will need to preserve the 1931 Art Deco spaces. But after a four-year hiatus (the hotel will reopen in 2021) and a completely new vibe, it's not clear if those interiors will have the same glamorous, old-school New York vibe that they were once famous for. Luckily, photographers James and Karla Murray captured the Waldorf in all its glory before it closed its doors. Ahead, take a tour of the old Waldorf, from its iconic, two-ton lobby clock to the three-tiered grand ballroom.
Take the tour

March 25, 2019

For $345K, a Tudor City studio with views of the park

Listing images by Ben Fitchett Tudor City, the Turtle Bay apartment complex built in the 1920s, is known for its tiny apartments that are priced to match. While this studio at 25 Tudor City Place doesn't offer a lot of extra space, the unit comes with a generously-sized kitchenette, a new renovation, and views of the private and lush Tudor City park. It's now on the market for $345,000 after selling in 2014 for $272,500.
Take a look inside

Distinctive Homes

Photo exhibit shows 10 years of subway cars dropped in the Atlantic Ocean to become artificial reefs

Air Break, 2008. Photo by Stephen Mallon.

March 15, 2019

Photo exhibit shows 10 years of subway cars dropped in the Atlantic Ocean to become artificial reefs

By now you may have seen Stephen Mallon’s mind-bending photo series showing thousands of decommissioned NYC subway cars being tossed into the Atlantic Ocean. The MTA initiative was undertaken more than 10 years ago with the goal of creating artificial reefs that would support sea life along the eastern seabed. The amazing photo series, briefly on view at NYU’s Kimmel Galleries, documented the train cars being heaved into the briny deep from Delaware to South Carolina over three years. Now, a new exhibit, "Sea Train: Subway Reef Photos by Stephen Mallon," opening March 20th at the New York Transit Museum’s Grand Central Gallery, features 19 large-format photographs that capture the iconic subway cars, dropped like toy trains from hulking barges as they're being deployed as sea-life-sustaining artificial reefs,
More amazing photos and their story, this way

Events & Things To Do

Image: Wikimedia commons.

February 25, 2019

East River Esplanade projects to receive $75M in mayoral funding

NYC Parks has announced that Mayor Bill de Blasio has allocated $75 million in additional funding for ongoing East River Esplanade reconstruction projects underway from East Midtown through East Harlem. The new funding has been allocated to three distinct esplanade projects: East Harlem from 114th to East 117th Streets, the Upper East Side from East 90th to East 94th Streets and Midtown East from East 62nd to East 63rd Streets.
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Uncategorized

JPMorgan Chase will revise design of 270 Park Avenue tower to increase open public space

Image via Flickr

February 15, 2019

JPMorgan Chase will revise design of 270 Park Avenue tower to increase open public space

In response to pushback, JPMorgan Chase will be redesigning its planned 1,400-foot office tower at 270 Park Avenue with additional open public space, as Crain’s first reported. Under the East Midtown rezoning, new developments are required to provide 10,000 square feet of public space, but because two-thirds of the site sits above the Grand Central Terminal train shed, architects for the project argued they could only come up with 7,000 square feet. This notion was challenged by members of Manhattan Community Board 5 and elected officials. JPMorgan has now agreed to submit new designs increasing the size of the public space to 10,000 square feet and making it an open-air area instead of enclosed as it was in the initial design proposal.
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New Developments

Grand Hyatt, Trump’s first major Manhattan real estate coup, to be torn down for new office tower

Image: Jennifer Rotner via Flickr.

February 8, 2019

Grand Hyatt, Trump’s first major Manhattan real estate coup, to be torn down for new office tower

Developer TF Cornerstone and investment firm MSD Partners have announced plans to purchase and tear down the Grand Hyatt building adjacent to Grand Central Terminal, the Wall Street Journal reports. The hotel brand will eventually return to the site in a form different from the smoked glass-clad building that was Donald Trump’s first major Manhattan development. In its place will rise a mixed-use project that includes 2 million square feet of high-octane office space. The planned development is one of four new towers in the works as a result of a 2017 Midtown East rezoning aimed at encouraging new office buildings as well as infrastructure improvements in the east side business district.
The times they are a-changin' in East Midtown

New Developments

February 5, 2019

For $335K, a compact but efficient studio in charming Tudor City

25 Tudor City Place, also known as Tudor Tower, was one of the original buildings built at Tudor City, one of Manhattan's largest residential developments conceived by visionary real estate developer Frederick F. French in 1927 as a “suburb in the city.” The building retains its old-world charm with a well-maintained Gothic lobby and historic details in all 443 units, including beamed ceilings, hardwood floors, and casement windows. Like many of the pint-sized units that Tudor City is well-known for, this one, on the market for $335,000, offers a price tag to match.
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Distinctive Homes

January 23, 2019

Late playwright Neil Simon’s three apartments at the Ritz Tower are for sale

A group of apartments in Midtown owned by late Broadway playwright Neil Simon are on the market, the Wall Street Journal reported on Wednesday. The three apartments are in the Ritz Tower, an Emery Roth-designed 42-story building in Midtown East and range in price from $1.5 million to $2.8 million. Simon, a Pulitzer Prize-winning writer who was best known for plays like "The Odd Couple," died at age 91 last August.
Take a look around

Second-tallest tower in the Western Hemisphere may rise across from St. Patrick’s Cathedral

Tower Fifth rendering by TMRW courtesy Gensler

January 23, 2019

Second-tallest tower in the Western Hemisphere may rise across from St. Patrick’s Cathedral

The developers behind the distinct supertall at 432 Park Avenue want to take a second shot at altering New York City's skyline. Harry Macklowe submitted a preliminary application to the city's planning department for a 1,551-foot-tall skyscraper between 51st and 52nd Streets in Midtown across from St. Patrick's Cathedral, the New York Times reported. If the city approves the project, Tower Fifth, the name given to the proposed tower by Macklowe Properties, would become the second-tallest building in the Western Hemisphere.
See inside the proposed supertall

Demolition permits filed for world’s tallest teardown at 270 Park Avenue

The existing 270 Park Avenue, MikePScott via Flickr

January 17, 2019

Demolition permits filed for world’s tallest teardown at 270 Park Avenue

Demolition permits were filed Tuesday for the JPMorgan Chase HQ at 270 Park Avenue, CityRealty reports. The building will be the tallest planned demolition in history. The filing is a significant step for the bank on the way to replacing the 1.5-million-square-foot Modernist tower previously known as the Union Carbide Building with a 2.5-million-square-foot skyscraper, to be designed by British Pritzker Prize winner Norman Foster/Foster + Partners architectural firm.
Down with the old, up with the new

New Developments

After less than a year, J.Lo and A-Rod put 432 Park apartment on the market for $17.5M

432 via DBOX; Alex Rodriguez via Wiki Commons; Jennifer Lopez via Wiki Commons

January 11, 2019

After less than a year, J.Lo and A-Rod put 432 Park apartment on the market for $17.5M

By Annie Doge

Less than a year after dropping $15.3 million on a trophy pad at 432 Park Avenue, J-Rod (J.Lo + A-Rod) has decided to put the sprawling, apartment back on the market. First spotted by the Post, the place is now asking $17.5 million. The news comes just five months after the couple put their considerably smaller apartment at 15 Central Park West on the rental market for $11,500 a month. Why are they selling so soon? Though three bedrooms and 4,000 square feet sounds large to most, a source told the Post that "They love the building, but when their kids are all together, it’s too small. They need something bigger for the family."
On to bigger and better

January 11, 2019

Billionaire’s Midtown penthouse got the biggest price chop in NYC history, now $70M off

Everything goes on sale after Christmas, and that’s certainly true of hedge fund billionaire Steve Cohen’s Beacon Court penthouse at 151 East 58th Street. The SAC Capital Advisors founder bought the 9,000-square-foot duplex for $24 million in 2005 and hired noted architect Charles Gwathmey to give it a once-over. The condo hit the market again in April of 2013 for a whopping $115M (around the time Cohen received a wrist-slap to the tune of $1.2 billion for insider trading). No takers at that price. Or the next one ($82M). Or the one after that ($79M)–you probably get where this is going. Where the five-bedroom aerie on the building's 51st and 52nd floors ended up today: Deeply discounted to $45 million after eight price cuts adding up to a $70 million drop, making it the heftiest haircut to happen in New York City history according to The Real Deal.
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Distinctive Homes

Via Wikimedia

January 10, 2019

$60M contract will finally bring East Side Access to Grand Central

It was announced today that a $60.2 million contract to build the project that will bring the Long Island Rail Road service to Grand Central Terminal was awarded to construction and development company Skanska. The award represents the final heavy civil contract in the MTA's largest largest capital project and one that marks the first expansion of the Long Island Rail Road (LIRR) in over 100 years.
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Transit

Via Creative Commons

January 9, 2019

The Chrysler Building is for sale

New York City's iconic Chrysler Building is on the market. The owners of the 1930 Art Deco landmark, Tishman Speyer Properties and the Abu Dhabi Investment Council, have hired real estate firm CBRE Group to sell the property, the Wall Street Journal reported Wednesday. The Abu Dhabi government purchased its majority stake in the Chrysler for $800 million in 2008, but real estate experts told the WSJ it would be difficult to recover.
Details here

Real Estate Trends

Grand Central train shed repairs could mean a mess for Midtown streets

Photo via Wiki Commons

December 20, 2018

Grand Central train shed repairs could mean a mess for Midtown streets

The MTA recently purchased Grand Central Terminal for $35 million, a deal which gave the agency more control over development projects happening at the landmark. And in one of their first orders of business, it looks like they're mulling a massive undertaking to replace the train shed roof, according to Crain's sources. The shed is a two-level-deep underground space comprised of tracks, bridges, and viaducts used to stage and store Metro-North cars. It runs north of the terminal to East 57th Street and takes up an area larger than 20 football fields. Not only would the project cost hundreds of millions of dollars and take 20 years to complete, but Crain's notes that it would likely result in many Midtown streets being ripped up.
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Transit

December 19, 2018

$395K Tudor City co-op is a man cave in waiting

Woodstock Tower at 320 East 42nd Street is one of the most charming of Tudor City's collection of elegant co-op buildings, and in keeping with the complex's pre-war charm is this studio asking less than $400,000. Like so many of the itty-bitty units in Tudor City, this 240-square-foot makes the most of its footprint with a Murphy bed and built-in storage, and in this case, a very refined and handsome design that would make this the perfect man cave.
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Distinctive Homes

Rental Offers: Money to Burn? Greenwich Village apartments on Houston Street from $14,995/mo

Images (L to R): 136 West Houston Street, 223 Fourth Avenue, 10 Rutgers Street, and Halo LIC

November 17, 2018

Rental Offers: Money to Burn? Greenwich Village apartments on Houston Street from $14,995/mo

By Annie Doge

High-End Greenwich Village Rentals Available at Newly Constructed 136 West Houston Street=[LINK] 223 Fourth Avenue Offers Luxury Park Slope Rentals from $2,452/Month [LINK] Newly-Renovated Lower East Side Rentals at 10 Rutgers Street; No Fee + 1 Month Free[LINK] Halo LIC: Industrial-Inspired No-Fee Rentals with 1 Month Free in the Heart of Long Island City [LINK] […]

Uncategorized

Via Wikimedia

November 14, 2018

MTA to buy Grand Central Terminal for $35M

The Metropolitan Transportation Authority is set to purchase Grand Central Terminal for $35 million, a deal which will give the agency more control over development projects happening at the space. Expected to be approved by the MTA's full board Thursday, the sale ends the 280-year lease that began in 1994 and gave the agency a one-time window to buy the station. Along with the famed terminal, the sale also includes miles of track on Metro-North's Harlem and Hudson lines.
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Transit

New Chase HQ in Midtown will rise 1,400 feet and have Metro North access

270 Park Avenue enclosed public space (with action); image from City Planning.

November 12, 2018

New Chase HQ in Midtown will rise 1,400 feet and have Metro North access