Rendering of 200 Amsterdam Avenue via SJP Properties/ Elkus Manfredi
The city’s Board of Standards and Appeals found Tuesday that a 668-foot-tall tower proposed for a zoning lot at 200 Amsterdam Avenue does, in fact, comply with zoning rules, The Real Deal reports. The decision gives developers SJP and Mitsui Fudosan the green light to proceed with development of a condominium tower on the site at 69th Street despite a growing body of community groups opposed to the project. The Committee for Environmentally Sound Development had challenged the Department of Buildings’ approval of the project on the grounds that developers assembled an illegal zoning lot in the form of a 39-sided polygon 10 times larger than the actual building’s planned footprint with the intent of building a larger tower.
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Lincoln Square, a part of the Upper West Side, is a literal square of approximately 50 blocks that runs east-west from Central Park West to the West Side Drive and north-south from 59th to 72nd Streets. The neighborhood, which is bisected by Broadway and contains the Lincoln Center “superblock,” has an enormous amount of culture, loads of prestigious schools, tons of old-school luxury residences lining the park, and a massive, five-acre, four-building new development called Waterline Square, finalizing a decades-long master plan for the neighborhood. Ahead, we take a look at the neighborhood’s history, from its Dutch roots to Robert Moses’ slum clearance, modern residential development, and all the amenities that make this area more fun than one may think.
Your guide to Lincoln Square
Despite some initial construction hiccups, plans for the 668-foot residential tower at 200 Amsterdam Avenue continue to move forward. According to YIMBY, the tower’s developers, SJP Properties and Mitsui Fudosan, have unveiled new renderings of the Upper West Side building, including an up-close shot of its crown. Designed by Elkus Manfredi, the exteriors feature an aluminum curtainwall and metal panels. New York firm CetraRuddy will take on the interiors of the 112-unit condominium building.
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, Wed, September 27, 2017
Rendering of 200 Amsterdam Avenue via SJP Properties
The Department of Buildings gave developers on Tuesday the go-ahead to construct a 668-foot residential tower on the Upper West Side. In a partnership between SJP Properties and Mitsui Fudosan America, the project at 200 Amsterdam Avenue will be the neighborhood’s tallest tower, surpassing the current title-holder, Trump International, by more than 80 feet. As Crain’s reported, construction was stalled after opponents argued the project did not follow required open space regulations and the buildings department shut down the site in July until the issue was resolved.
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The Upper West Side has proven to be one of the most difficult areas to build, with a growing amount of land area contained in historic districts and much of the remainder constrained by tight zoning regulations. Over the years, its protective residents have been involved in the city’s most memorable development battles: fighting tooth and nail to reduce the scale of the Riverside South master plan; lessen shadows caused by the redevelopment of the New York Coliseum site (Time Warner Center); and more recently spearheading the downzoning of a 51-block swath of Broadway due to grievances caused by Extell’s Ariel East and West towers.
For the most part, the defensive strategy has allowed the neighborhood to retain much of its pre-war charms and human-scaled side streets. However, along its southern edge, where the buildings around Lincoln Center scale upwards to Midtown, zoning allowances are more generous. Two as-of-right towers are sure to ruffle some preservationists’ feathers and are poised to be the neighborhood’s biggest yet.
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What Manhattan will look like in 2018, via CityRealty
Most landowners, especially those who have been in the development business for a long time, aren’t easily persuaded to sell their holdings, but with sales reaching record sums, that’s all starting to change.
As Crain’s recounts, back in November Jerry Gottesman, who has a property empire worth over $3 billion, sold a parking lot he owned between 17th and 18th Streets near the High Line for $800 million. He bought the site in the early ’80s for $2.4 million. Influenced by the sale, other landowners are also looking to get in on the action; just last week three large residential development sites hit the market asking $1,000 or more per buildable square foot–a 50 percent increase in the price of Manhattan land from last year. And if the parcels fetch these sums, it will be the first time values per buildable square foot reach four figures. With these record sale sums, Manhattan condo builders would have to sell units at sky-high prices to make a profit. For example, a 1,000-square-foot apartment would need to sell for $3 million or more just to break even.
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We recently brought you parts one and two of our tallest residential skyscrapers series, which totaled 63 projects poised to scrape the sky. But this list doesn’t even take into consideration the development boom occurring in Jersey City, unreleased plans on the drawing board, and the numerous office and hotel projects also rising throughout the city. So here you have it, part three of the series to complete our look at NYC skyscrapers.
Check out the list here