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

  1. #901

    Default 9 March 2013




  2. #902

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    Are we all talking about the same building here: that (recent photo I assume) shows a stub of the infrastructure - and HERE is where it was 4 years ago. http://wirednewyork.com/forum/showth...l=1#post210636

    Maybe I am just 'passing thru' a bit too quickly here....dunno..?

  3. #903

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    The stub is growing on the 22nd Street side - the photo is as of 9 March 2013. The tower (the construction photo of which is linked in the post above) is on the 23rd Street side and has been complete for several years now.

    Per Curbed, it seems this stub will only be a 6-story annex, but still part of the same One Madison Park complex.
    http://ny.curbed.com/archives/2013/0...eet_update.php

    However, other sources say it will be a high-rise just like the one on 23rd St:
    http://a810-bisweb.nyc.gov/bisweb/Pe...allbin=1087769

  4. #904

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    In other words, there is an open question as to whether the following is what's currently being built:



    No one's really sure:
    http://www.madparknews.com/business/...-madison-park/

  5. #905

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    That 'white building' that looks like a stack of off-set blocks: what is the 'address'. I am under the impression that 22East 23rd street is a tall, pencil thin, black glass tower. OMG, so many new buildings: so little time....LOL

  6. #906
    Fearless Photog RoldanTTLB's Avatar
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    It's confusing, both buildings technically have the same "address." All of the filings for One Madison Park were under 23 East 22nd (Talk about confusing addresses!). The current Schedule A, though, delineates units in the "NORTH" tower (the one already built) and the "SOUTH" tower (presumably this!). The last information on the Schedule A has 2 apts on the 11th (and final) floor. So it's unlikely that we're getting either the crazy 30 story cantilevered plan OR only a 6 story stub.

  7. #907
    Senior Member DUMBRo's Avatar
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    Default

    Quote Originally Posted by infoshare View Post
    That 'white building' that looks like a stack of off-set blocks: what is the 'address'. I am under the impression that 22East 23rd street is a tall, pencil thin, black glass tower. OMG, so many new buildings: so little time....LOL
    Isn't that the Rem Koolhaas at 23 E. 22nd St.?

  8. #908
    Fearless Photog RoldanTTLB's Avatar
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    The whole complex's (pair of towers) address for filing purposes is 23 e. 22nd st. The south tower was originally shown as that white cantilevered Rem Koolhaus, yes. That's not currently what's on file as being built, though.

  9. #909

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    I've got good news and bad news.

    The good news is that New York Observer has referred to us as "some of New York’s avid construction watchers."

    The bad news is that New York Observer confirmed with the developer that this will only be a six-story annex.

    http://observer.com/2013/03/one-madi...plexes-on-top/

  10. #910
    Disgruntled Optimist lofter1's Avatar
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    Do you believe everything the press reports? Or that developers tell the press?

  11. #911

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    Maybe they're building a nuclear silo and they don't want anyone to know . . . time will tell.

  12. #912

  13. #913

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    The Real Deal
    http://therealdeal.com/blog/2013/05/...99-year-lease/

    McDonald’s returns to Madison Square Park with 99-year lease

    Fast food restaurant will take space adjacent to One Madison Park
    May 15, 2013 04:30PM
    By Adam Pincus

    McDonald’s inked a 99-year lease for a two-story building next to luxury condominium tower One Madison Park, capping years of legal turmoil for the fast food chain that has fought to return to a block it left in 2005.
    McDonald’s on April 15 signed the lease for 26 East 23rd Street, owned by a company called Flamingo LLC, controlled by investor Abe Shrem, city records published last week show.
    The deal is a triple net lease, meaning the tenant will cover all expenses. The city valued the lease at $4.7 million, but neither Shrem nor McDonald’s would discuss the price.
    The location is on the south side of Madison Square Park, facing popular burger joint Shake Shack. The fast food giant, headquartered in suburban Chicago, had been battling to take space within One Madison Park as the 50-story project lurched through bankruptcy.
    Ultimately, the original developers lost control of the development, and now Related Companies and HFZ Capital Group are finishing the project.
    McDonald’s sold its building at 22 East 23rd Street in December 2005 for $3.4 million to developer Peter Fine, who in turn sold it to Slazer Development, the company that began developing One Madison Park, located at 23 East 22nd Street.
    In conjunction with the sale, Fine committed to setting aside space at One Madison Park for the fast food restaurant.
    But Slazer did not provide McDonald’s the option of taking a space in the building, which led to a dispute between the two. The developer was ultimately forced to put the project into bankruptcy, and as part of the resolution, McDonald’s received $8.1 million through two settlements from the debtors in bankruptcy court, according to news reports.
    Shrem purchased 26 East 23rd Street in 1972, and then inked a 25-year lease with Wendy’s in 1990 that had three five-year renewal options extending it to 2030, city records show.
    To make way for McDonald’s, the Wendy’s lease there was terminated in August 2012, city records show. McDonald’s is now in possession of the space, one source said.
    “We are thrilled to be opening a restaurant in this location and returning to serve the Flatiron District community,” a McDonald’s spokesperson said.
    The company declined to comment on the legal proceedings, other than to say, “While this matter has been resolved, the terms of the agreement are confidential.”

  14. #914

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    I think McDonalds will be a minus not a plus for this location.

  15. #915
    Disgruntled Optimist lofter1's Avatar
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    Handy for the masses of folks who don't want to wait in long lines at the Shake Shack in Madison Square Park.

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