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Thread: 740 Eighth Ave. (@ 46th) - Related

  1. #31
    Build the Tower Verre antinimby's Avatar
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    Ross’ Related Plans Something Big and Tall on Eighth Avenue




    by John Koblin
    Published: August 21, 2007

    Even by the standards of the roaring 80’s, the Zeckendorfs looked a little crazy for building the World Wide Plaza, a 1.7-million-square-foot tower, on Eighth Avenue. What reputable New York firm would ever move that far west? I mean, by, like, the porn shops?

    Well, the white-shoe law firm Cravath, Swaine and Moore took the leap of faith in 1989 and two decades later their risk, like the Zeckendorfs’, paid off. Now the likes of Douglas Durst and Jerry Speyer are banging each other over the head for the chance to build a $1 billion complex in the West 30’s and 40’s (credit crunch, what?).

    And now, here comes the Eighth Avenue boom crashing through the Theater District, with Stephen Ross’ Related Companies giddily leading the caravan.

    Back in January, Related acquired 732 Eighth Avenue, a quaint four-story building known as the Playwrights Tavern, for $1.71 million, according to city records.

    The purchase looked suspiciously small for a company that is used to shelling out hundreds of millions of dollars for Manhattan behemoths like the Time Warner Center. On the deed, the “Y” in the air rights box signaled that Related intends to build upward.

    It now looks like those plans are taking shape. Last week, Related issued a declaration of development rights for its new property, an even more telling sign that something is afoot.

    The other property that it purchased that would likely be included in a development is 259-263 West 45th Street, which it bought for $15.25 million last May. That property totals in at 11,428 square feet, so if shelling out more than $1,000 a square foot for an unremarkable little building isn’t a hint of a major development, we don’t know what is. Additionally, Related took out a $23.8 million mortgage for 259-263 West 45th Street and 738 Eighth Avenue, according to city records.

    Last year, real estate executive-cum-columnist Michael Stoler wrote in The New York Sun that a “major residential tower is expected” in the area, with Related, along with Mort Zuckerman’s Boston Properties, leading the way. Mr. Zuckerman was nowhere to be found in city records on these buys, but he could still, of course, be a major investor in the project.

    (Oh, and theater people! There might be a tower looming over the after-hours bars, including nearby Bar Centrale on 46th Street).

    A spokeswoman from Related, Joanna Rose, declined to comment on the upcoming project, saying that “there is nothing to say at this moment.”

    Phone calls to Bryan Cho, an executive in the acquisition department at Related, whose name is peppered throughout city deeds, went unreturned.

    Of course, the Related project is just one of a handful planned for the area.

    Last month, The Observer reported that Tishman Construction—not to be confused with Jerry Speyer’s office giant, Tishman Speyer—bought five properties totaling 30,000 square feet of land for $128 million, under the name West 44th Street Hotel LLC, a strong hint that the development company is planning for a hotel right in the hood.

    Of course, two blocks south of that, projects are everywhere. There’s the new SJP tower, 11 Times Square, which is going up directly next to the new Times building off 42nd and Eighth Avenue.

    Directly across the street, the Port Authority has announced it wants either Vornado, or another rival developer, to build a skyscraper atop the bus terminal on 42nd Street.

    Copyright ©, The New York Observer, L.P.

  2. #32

    Default Not even a floor count estimate?

    If only the projects could rise as fast as these "reporters" write about them. There's been a proliferation of articles that don't say anything new. Thanks for posting anyway Anti.
    Last edited by Derek2k3; August 22nd, 2007 at 09:13 PM.

  3. #33
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    Yeah, I post them not necessarily because they provide any new info but because this way we'll have all the articles and information for a project in one single place where it'll be easy to find later on. In a way, I use this forum as my notebook.

    The other thing that I find funny is that many of the adjectives these reporters use such as 'big' and 'tall' are usually inflated because often times 25 stories is very BIG to them.

  4. #34
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    There really was nothing in the story to substantiate the title.

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    Quote Originally Posted by stache View Post
    The street grid was planned in the 1820's, I believe, in order to accommodate townhouses, like in the photo above. It gave each townhouse room for a little yard, with privy, in the back. People wound up buying individual lots for the most part, improved or unimproved.
    I see thanks for that info.

  6. #36

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    From curbed.com on July 11, 2008:

    Broadway theater-goers have front-row viewing for a whole new show near Times Square. This production is reportedly from the Odd Couple of Stephen Ross of Related Companies and Mort Zuckerman of Boston Properties, and for now the show is free. This one has been yakked about for quite some time by the gang over at Wired New York. As of this week it's just a dirty old scar, but it could become a new million-square-foot tower. To make way for what's to come a stretch of teeny little bars and restaurants, where for years theater types could be found telling tales late into the night, are being ground into dust. The new project is called 740 Eighth Avenue and it will rise between 45th and 46th Streets just west of Times Square's massive Minskoff Building at 1515 Broadway. Lost City recently reported on demo permits for the stretch of little old brick stalwarts on the north side of 45th. Now, DOB records show that the entire bunch, from 259 through 267, will soon be coming down and the red-brick hotel at the southeast corner of Eighth Avenue and West 46th Street will be coming down as well. That old place was once the Hotel Fulton, where rooms could be had for as little as 60 cents a night. Times Square certainly has changed.

  7. #37
    Disgruntled Optimist lofter1's Avatar
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    Exclamation Mod Alert

    MODS: Should this thread be retitled to include the address: "740 Eighth Avenue"

    Here's the whole article with pics ...

    Destructoporn: Digging a Hole for 740 Eighth Avenue

    CURBED
    July 11, 2008


    The gaping hole where some old theater haunts once stood.

    Broadway theater-goers have front-row viewing for a whole new show
    near Times Square. This production is reportedly from the Odd Couple
    of Stephen Ross of Related Companies and Mort Zuckerman of Boston
    Properties, and for now the show is free. This one has been yakked
    about for quite some time by the gang over at Wired New York. As of this
    week it's just a dirty old scar, but it could become a new million-square-
    foot tower. To make way for what's to come a stretch of teeny little bars
    and restaurants, where for years theater types could be found telling
    tales late into the night, are being ground into dust. The new project is
    called 740 Eighth Avenue and it will rise between 45th and 46th Streets
    just west of Times Square's massive Marriott Marquis Hotel. Lost City
    recently reported on demo permits for the stretch of little old brick stalwarts
    on the north side of 45th. Now, DOB records show that the entire bunch,
    from 259 through 267, will soon be coming down and the red-brick hotel at
    the southeast corner of Eighth Avenue and West 46th Street will be coming
    down as well. That old place was once the Hotel Fulton, where rooms
    could be had for as little as 60 cents a night.

    Times Square certainly has changed.


    In March '07 the NY Post reported on the plans for a tower (newly demo-ed sites in red).


    Where Puleo's, Sam's and Barrymore's used to pack 'em in.


    The tan bricks of the John Golden Theater are now visible from 46th Street.


    The demo site, with the venerable Milford Plaza Hotel beyond.

    · Odd Couple Plans A Winner On Eighth [NY Post]
    · New Tower Eighth and 46th Street [Wired New York]
    · 45th Street's Mini-Restaurant Row Finally Coming Down? [Lost City]

    740 8th

  8. #38
    Build the Tower Verre antinimby's Avatar
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    This tower better be one hell of a looker (i.e. not another nondescript glass box) or otherwise, it would not have been worth it to lose this handsome, crimson-colored walkup...


  9. #39
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    I wish they were getting rid of that parking next door.

  10. #40

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    The parking lot on 8th Ave. is part of their parcel. I'd imagine that they'll acquire the adjacent one on West 45th too.

  11. #41
    Forum Veteran MidtownGuy's Avatar
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    a stretch of teeny little bars
    and restaurants, where for years theater types could be found telling
    tales late into the night, are being ground into dust.
    More vanishing nightlife. You can be sure there will be nobody "telling tales late into the night" in whatever featureless glass lobby/bank branch/H&M that replaces all of those establishments. In my ideal city the tower gets built and the base still houses businesses like the thriving ones that already existed there, instead of wiping out a whole vibrant scene.

  12. #42
    Disgruntled Optimist lofter1's Avatar
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    Quote Originally Posted by pianoman11686 View Post
    I wish they were getting rid of that parking next door.
    Look at that map from the NY Post ...

    Both of the surface parking lots (one facing Eighth, the other facing 46th) along with the parking structure on 45th are part of this development and will be built upon.

  13. #43
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    Quote Originally Posted by MidtownGuy View Post
    More vanishing nightlife. You can be sure there will be nobody "telling tales late into the night" in whatever featureless glass lobby/bank branch/H&M that replaces all of those establishments. In my ideal city the tower gets built and the base still houses businesses like the thriving ones that already existed there, instead of wiping out a whole vibrant scene.
    At least we can find some solace in the fact that we at least have these holdouts:




    The plot for the tower is large enough so that these ^ don't have to be consumed.

    The tower will have frontage on both side streets and Eighth Ave., which should be plenty good enough.



  14. #44

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    a base that large and 1m sq ft makes this tower not so tall?

  15. #45

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    It will probably be 600 feet tall. Isn't Zuckerman's new tower on 55th St. also 1m sf and about 600 feet tall?

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