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Thread: One Madison Park - 22 East 23rd Street - by Cetra/Ruddy Inc.

  1. #61

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    604 feet tall! So essentially, the height of a 60 story tower.

    It better be a great design.....Madison Square should not be subjected to another bad modern building. I'm surprised cityrealty didn't ask cetra/ruddy more about the design.

  2. #62
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    I'm surprised they finally got through to someone involved in a development!

    I don't mean to be a pessimist here, but I think everyone should be prepared for a fairly simple and modern, glass-clad tower. Hopefully Cetra/Ruddy won't choose that light green/blue glazing pattern again, as that would look out of place in this particular spot. I'm hoping for something that's at least somewhat elegant.

  3. #63
    Disgruntled Optimist lofter1's Avatar
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    OK, so the purchasing of air rights is what makes this project work on the 2 demo'd lots ...

    According to 8.29 City Realty article: By acquiring the air rights from the neighboring 23rd St. lots (Wendy's at #26 E. 23rd looks like it's here to stay) that will allow the tower to have windows on all sides -- thankfully, no blank walls here.

    Since there is only one lot for the project on E. 22nd -- and no air rights have been acquired from the 22nd St. neighbors -- then it would seem that the tower will rise on the 23rd St half of the site -- closer to the Met Tower (boo hiss). Most likely there will be a lower rise portion that runs through from 22nd <> 23rd. Let's only hope that they maintain a streetwall along both of those streets.

    My guess is that there will be a lower-rise building built out to the full width of the 33' plot along 22nd with "town house" type units. This low-rise will have an open central area between the 23rd and 22nd St. lots with an interior garden. The low rise will continue for the full width of the 50' plot to 23rd St.

    The low-rise base will be @ 5-6 stories to meet the buildings that have sold the air rights (#18 is 5 stories and #24 is 6 stories).

    Above this 5-story base will rise a set-back (or tapering) 42 story tower. It will be situated closer to 23rd (the tower being set back from the street by ~ 15'). The dimension of the tower at the lower floors will be ~ 50' x 70'.


    The Tower:
    A 50' x 70' tower at 42 stories = 3,500 sf / floor x 42 = 147,000 sf

    The Base:
    23rd St. lot is 50 x 98 = 4,900 sq. ft. plot
    22nd St. lot is 33 x 98 = 3,234 sq. ft. plot
    TOTAL = 8,184 sf less ~ 2,000 sf (due to the space for an interior garden @ 30' x 50' )
    x 5 floors = ~ 30,000 sf for the low-rise section.
    That comes to a Grand Total of 177,000 sf.

    Subtract some area for the smaller sized floors on the upper set-back floors of the tower and that gets this close to ...

    Gross Square Feet shown on DOB = 163,500

    Or at least that's one way to do it.

    Considering it's location this tower had better be GORGEOUS.

  4. #64

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    If this building will only occupy lots 20 and 22 E 23rd, and if the builder simply bough the air rights to the eyesores to the east, then I am depressed. This was a golden opportunity to raze that disgusting Wendy's building and the crap next to it. If the air rights to that mierda have been sold, they will never be redeveloped, and those filthy little buildings will contaminate this block forever.

  5. #65
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    Madison Square to get towering addition

    60-story luxury condo project latest new residential development in rapidly changing area


    By Vanessa Londono

    A jumbo skyscraper project set to rise at 23rd Street and Madison Avenue will give the iconic Clocktower building across the street a run for its money.

    The 60-story Saya, at 20 East 23rd Street, joins the ranks of condo conversions around Madison Square Park, and its number of stories will surpass that of a neighborhood icon that once held the distinction of being the city's tallest building.

    One Madison Avenue's North Tower, also known as the Clocktower, was, briefly, in the early days of the 20th century, the tallest building in New York at 43 stories. It's not consigned to past glories, though -- hotelier and developer Ian Schrager is converting it to condos.

    But the Saya is the first sign of a major transition along Madison Square Park's south side, where fast-food restaurants pepper East 23rd Street across from the park. The two-building residential tower replaces a demolished McDonald's and other buildings on the south side of the block.

    Richard Cantor, a principal of Cantor Pecorella, which is marketing the Saya for Rockland County-based Slazer Development, said the project demonstrates the recent transformation of the area.

    "The entire park will really be a residential neighborhood," Cantor said.

    "It's transitioning," agreed Tom Elliott, vice president of marketing at Elad Properties, which is selling the 192 condos at the converted Gift Building at 225 Fifth Avenue, at the northwest corner of the park. That project opens for occupancy in January.

    "It's changing from commercial to mixed-use as people see the value of it as a neighborhood," he said. The park "is more of a family park now."

    The Saya will have park views while refraining from exposing its residents to the busy sidewalk activity. Both of the buildings in the project will front on 22nd Street. The 60-story, 604-foot-tall building will have units starting nine floors up. A second building will be nine floors of three-bedroom units, with street-level retail space on 23rd Street.

    One-, two- and three-bedrooms, including 18 full-floor units and one 7,500-square-foot triplex, will range from $1 million to $6 million, with the triplex priced at $30 million.

    Meanwhile, the new owners of the Toy Center on the southwest corner of the park are battling with the remaining office tenants in an attempt to convert the complex to condos (see Making office tenants leave).

    Developer Joseph Chetrit said he hopes to begin selling around 500 condos next fall in the two buildings at 200 Fifth Avenue and 1107 Broadway. David Levine also partnered with Chetrit Brothers to gut the 1.2-million-square-foot interior and build an assortment of units, including lofts, penthouses and studios. Prices haven't been set for the large project.

    "We'll base it on where we think the market is," Levine said. "Prices will show the high-end quality, but we still need to figure out where the market is going to end up."

    Until recently, the edges of the park resembled the Financial District of Lower Manhattan -- a location with lots of people in the daytime, but not after dusk.

    That's changing.

    "A number of businesses have their stake right in Madison Square Park. And where there is corporate presence there is residential demand," said Andrew Heiberger, CEO of development firm Buttonwood Real Estate, which planned the Sundari condos at Madison and 28th Street.

    But the Sundari project was cancelled this summer because of high construction costs, perhaps a warning sign for other developers steaming ahead in the area. Buttonwood is selling the development site and said it may build the project elsewhere in the city.

    Louise Phillips Forbes, a senior vice president at Halstead Property who successfully marketed 50 Madison Avenue, the first conversion on the park to be completed, said newer developments may have a rougher time. Manhattan inventory is at a 10-year high, and interest rates are rising.

    "Inflation and interest rates on a million square feet is difficult," Forbes said. "Developers have to make it diverse enough that people will want to buy a piece of history."

    Copyright 2003-2005 The Real Deal.

  6. #66
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    The rendering was released. Go to page 22:

    http://www.metropoint.com/ftp/20060906_NewYork.pdf

  7. #67
    Forum Veteran krulltime's Avatar
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    ^ Great Thanks!

    The Saya:

    Last edited by krulltime; June 9th, 2008 at 11:18 AM.

  8. #68
    Senior Swanky Peteynyc1's Avatar
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    Quote Originally Posted by londonlawyer View Post
    If this building will only occupy lots 20 and 22 E 23rd, and if the builder simply bough the air rights to the eyesores to the east, then I am depressed. This was a golden opportunity to raze that disgusting Wendy's building and the crap next to it. If the air rights to that mierda have been sold, they will never be redeveloped, and those filthy little buildings will contaminate this block forever.
    Instead the developer gave up on street level 23rd Street and decided to put their entrance on 22nd instead. From the rendering, looks like 23rd will just be a blank wall at street level. Maybe they will leave room for KFC or Burger King

  9. #69

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    As Lofter pointed out, if they will have 22nd Street access, they need buildings east of the two that have been razed because a huge (dumpy) structure is behind these two lots and blocks access to 22nd St.

  10. #70
    Disgruntled Optimist lofter1's Avatar
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    No ^^ they have already acquired one 33' lot on W. 22nd as part of this combined plot:
    As described by DOB Application the proposed plot includes two interlocking & offset plots ...

    23rd St: 125' x 98' = 12,250 sq. ft. x FAR 10 = 122,500 gross ft. sq.
    22nd St: 33' x 98' = 3,234 sq. ft. x FAR 10 = 32,340 gross ft. sq.

  11. #71
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    Thumbs down

    The height of this tower is very disturbing because this tower will obstruct the views of the Metlife Tower from the Brooklyn Heights Promenade. NIMBY's! Where are you?!

  12. #72
    Disgruntled Optimist lofter1's Avatar
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    My feelings exactly ...

    Unfortunately the developer has acquired the necessary air rights and can build a tower this tall "as of right"

  13. #73

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    Quote Originally Posted by lofter1 View Post
    No ^^ they have already acquired one 33' lot on W. 22nd as part of this combined plot:
    But it appears that the two lots' access to 22nd Street is blocked by the big eyesore behind this site. Therefore, I assumed that the developer needed to acquire a building to the east of the site on the 23rd St side to access 22nd St. It's ludicrous to sell multi-million dollar apartments next to that filthy Wendys.

  14. #74
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    Angry

    Quote Originally Posted by lofter1 View Post
    My feelings exactly ...

    Unfortunately the developer has acquired the necessary air rights and can build a tower this tall "as of right"
    Well somebody better take that prick to the Promenade and show him what hes is about to do. I will be LIVID if he builds it and ruins the beautiful view of the Metlife tucked right under the ESB.



  15. #75
    Crabby airline hostess - stache's Avatar
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    Default On the other hand

    it's nice to see that area getting a larger cluster of towers, kind of like a mini business district.

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