PAU design for the Domino Refinery. Image courtesy of Practice for Architecture and Urbanism.
The past few years have seen as much change as progress in the rise of the the three million-square-foot Domino Sugar Factory mega-development in Williamsburg; Two Trees broke ground on the first tower in the Domino Sugar Refinery Master Plan last spring, and the lottery opened for 104 affordable units at the SHoP Architects-designed building, the 16-story 325 Kent Avenue. Last October we saw the first set of renderings by architecture firm Beyer Blinder Belle for the refinery building that will house Two Trees’ new 380,000-square-foot office space at the massive new complex; the corresponding plans had been approved by the Landmarks Preservation Commission in 2014. Now, Justin Davidson writes in New York Magazine that a new round of designs by Vishaan Chakrabarti‘s Practice for Architecture and Urbanism (PAU) have been revealed.
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Things have been shaky for 111 West 57th Street since it came to light last month that construction on the world’s will-be skinniest skyscraper was stalled at just 20 stories after Property Markets Group‘s Kevin Maloney and JDS Development’s Michael Stern were sued by real estate investment corporation and owner AmBase. Trying to salvage their $66 million investment, Ambase filed an injunction to stop lender Spruce Capital from seizing the $1 billion project, but yesterday a Supreme Court judge ruled that a strict foreclosure could move forward, meaning AmBase will likely lose its majority ownership, according to Crain’s. On the flip side, the developers will now be able to proceed with construction on the 1,421-foot Billionaires’ Row tower, whose units started going into contract earlier this month.
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Image by CityRealty
Just over one year ago, 6sqft reported on the initial climb of 325 Kent Avenue, the first tower of the SHoP-designed Domino Sugar Refinery master plan slated for the Williamsburg waterfront. Now, CityRealty shares that the building is nearly finished with its distinct, upside-down U-formation standing tall. When complete, the 189-foot, 400,000-square-foot building will be the second largest residential structure in the neighborhood (just after 2 North 6th Street), fronted by a spectacular 11-acre park designed by James Corner Field Operations that will open next summer.
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Rendering of 111 West 57th Street via Property Markets Group
Just last week, 6sqft covered the financial and legal woes of Property Markets Group and JDS Development’s super tall and slender tower at 111 West 57th Street. Despite reports that construction had stalled over budget overruns and a potential foreclosure, the first condominiums, at what is lined up to be the world’s future tallest residential skyscraper, just went into contract (h/t The Real Deal). While Apollo Commercial Real Estate Finance, which issued a $325 million mezzanine loan for the project, did not share exactly how many units out of 60 are under contract, CEO Stuart Rothstein told TRD, they sold at “prices well over (Apollo’s) basis.”
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The construction of Property Markets Group and JDS Development’s 1,421-foot-tall tower at 111 West 57th Street has been the subject of much anticipation and excitement, as it’s slated to be among the tallest residential skyscrapers anywhere and the world’s most slender with a height-to-width ratio of 24:1. But after rising only 20 stories, the SHoP Architects-designed Billionaires’ Row addition has stalled, plagued with budget overruns and headed for foreclosure, the New York Post reports.
What could possibly have happened?
While we’re used to seeing headline-stealing buildings from innovative design firm SHoP Architects–Barclays Center, the American Copper Buildings, and what will be Brooklyn’s tallest tower, to name a modest few–we don’t see SHoP-designed townhouses every day. This particular two-family home at 87 Dikeman Street in the heart of creative and laid-back Red Hook has at least four bedrooms and consists of an owners’ triplex and a rental unit plus a garden and off-street parking. But it’s the home’s design that will likely attract the most attention, with an exterior comprised of zinc panels juxtaposed with polar white concrete planks and accented by a hardwood slat screen and full-height peerless windows. This 3,080-square-foot home, its innovative design–and design pedigree–can be yours for $3.15 million.
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SHoP’s proposed wooden tower has gotten the axe, reports The Real Deal. The wood high-rise which was slated to rise along 18th Street in Chelsea has been scrapped, as a downturn in the market has forced developer Sy Ghassemi to change course.
Things are moving ahead swiftly at the Domino Sugar Factory since Two Trees broke ground at the three million-square-foot Williamsburg mega-development last spring. In November, the lottery opened for 104 affordable units at 325 Kent Avenue, the first building at the site. Designed by SHoP Architects, who are also responsible for the project’s entire master plan, the $200 million tower has now topped off at 16 stories, and the skybridge connecting its two wings has also gone up. CityRealty paid a visit to the construction site and got a look at these new views, as well as the copper cladding that’s taken shape on the lower face of the building.
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Last spring, the first housing lottery opened at Pacific Park Brooklyn when 181 affordable units at SHoP’s 461 Dean Street (the world’s tallest modular tower) came online. It was followed a few months later by 298 openings at 535 Carlton Avenue, COOKFOX‘s entirely affordable building, and now the third set of apartments for low- to middle-income New Yorkers is open. SHoP Architects also designed an all-affordable building at 38 Sixth Avenue, adjacent to the Barclays Center, and as of today these 303 residences are up for grabs, ranging from $532/month studios to $3,695/month three-bedrooms. Households earning between 101 and 165 percent of the area media income (or up to $173,415 annually) are eligible for 198 of the units, while 105 units are set aside for those earning between 30 and 100 percent (as low as $20,126 a year).
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The team behind the American Copper Buildings–JDS Development Group and SHoP Architects–teased a few interior renderings of the rental back in August, but now the project’s full site is live and there’s a slew of images of the SHoP-designed model apartments, as well as never-before-seen renderings of SCAPE Landscape Architecture’s courtyard plaza. Along with these new views comes news from Curbed that though listings for the 600 market-rate units aren’t available yet, (160 others became available through an affordable housing lottery) rents will start at $2,800/month for studios, $4,100/month for one-bedrooms, and $6,800/month for two-bedrooms.
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