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Thread: Park51 Community Center - SOMA

  1. #16
    Disgruntled Optimist lofter1's Avatar
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    Inspiration for the Park51 facade, from Istanbul via MidtownGuy ...

    Click image for larger version. 

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  2. #17

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    DNAinfo
    November 22, 2010

    Park51 Applies for $5M in 9/11 Recovery Money to Build Mosque Near Ground Zero

    By Julie Shapiro
    DNAinfo Reporter/Producer

    LOWER MANHATTAN — The developers of the Park51 Islamic center are seeking federal post-9/11 recovery money to get their project off the ground.

    Park51 recently applied for a $5 million grant from the Lower Manhattan Development Corp., which has distributed over $2 billion in federal funds since 9/11, sources confirmed to DNAinfo Monday.

    The grant would partly go toward programs at the planned $100 million mosque and community center two blocks north of the World Trade Center site, including domestic violence prevention, Arabic and other foreign language classes, services for homeless veterans, two multi-cultural art exhibits and immigration services, Park51 said on its blog Monday.

    The Park51 center "is desperately needed in Lower Manhattan," the blog post continued. "This is why community leaders and the residents who live there universally support this project."

    The grant application was first reported by The Daily Beast.

    Park51 is just one of 265 downtown cultural and community organizations that applied for the LMDC's $17 million fund.

    In all, the LMDC received over $175 million worth of requests for the money this month and will make a decision early next year, LMDC spokesman John De Libero said.

    "We are now turning to the challenging but important task of sorting through the applications to identify those that address long-standing community and cultural needs," De Libero said in a statement.

    Julie Menin, an LMDC board member, said the agency is aiming to give out grants between $100,000 and $1 million, but it is possible that a particularly worthy cause could receive more.

    "We’re going to very carefully vet every single application," said Menin, who is a member of the panel reviewing the proposals. "It’s going to be very competitive."

    After checking that the application meets basic criteria, Menin said she would look for projects that revitalize lower Manhattan, create jobs and are connected to the community.

    The LMDC is allowed to award money to religious organizations, as long as the funds support secular facilities or programs.

    Park51 is slated to include a gym, a pool, a theater and a culinary center, in addition to Muslim and interfaith programming spaces.

    Copyright © 2009 - 2010 Digital Network Associates

  3. #18
    Disgruntled Optimist lofter1's Avatar
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    Can't wait to take a dive into that publicly assisted swimmin' pool!

  4. #19

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    WABC
    October 17, 2011

    Islamic center, utility in dispute over $47K monthly rent


    The site of a planned mosque is shown two blocks from the World Trade Center, Friday, Aug. 13, 2010 in New York.

    The developer of an Islamic cultural center near the World Trade Center site and the owner of the building are in a dispute over rent.

    Consolidated Edison owns part of a site that the Park51 developers want to use for the center. The utility says that after an appraisal, the rent for that part has gone up, and now Park51 owes $1.7 million in back rent.

    The center has been paying Con Ed about $2,700 a month, a rent that was set back in 1972. But when the cultural center signed a new lease in 2008, it agreed to pay a higher rent based on the market value of the property. That added up to $47,000 a month, a rent that Park51 disputes and refuses to pay.

    In court papers, the developer says Con Ed is using an incorrect formula to determine the rent and back payments owed.

    A court date in connection to the dispute is scheduled for November.

    Copyright ©2011 WABC-TV/DT. All Rights Reserved.

  5. #20
    Disgruntled Optimist lofter1's Avatar
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    Some folks I know who have owned property long-term in downtown Manhattan have seen the NYC Department of Finance re-assess their property at a rate of + 400% from 2000 - 2011 (the Assessed Value from DOF is how the city determines the amount of property tax due). So it's not surprising that Con Ed is claiming that current rent at 51 Park Place is now way higher than the 1972 rate. But it seems odd that the new 2008 lease didn't state an actual $ figure as the starting point for rent, rather than maintaining the 1972 rent number @ $2,700 / month. Hindsight is easy, but if they'd locked in a figure of some sort in 2008, then that would have found the market value at it's highest level before recent devaluations.

    This is what DOF shows for 45-51 Park Place (Block 126 / Lot 9):

    2005/06:

    Every year the Department of Finance notifies you of your property's value and describes how we arrived at that value.
    The Department of Finance estimates the value of your property as follows:
    .................................................. ....Current Tax Year..............CHANGE..................TAX YEAR 2005/06
    Market Value =..........................$2,790,000..........$1,660,000..................$4,450,000
    Actual Assessed Value =..............$1,255,500 ....... . ..$747,000....... ..........$2,002,500
    Actual Exemption Value =........................$0.............. ......$0......................... ....$0
    Transitional Assessed Value =.......$1,560,600........ .....$31,500..................$1,592,100
    Transitional Exemption Value =.................$0....... .............$0..................... ........$0
    Taxable Value =..........................$1,255,500........ ...$336,600..................$1,592,100
    2009/10:


    Every year the Department of Finance notifies you of your property's value and describes how we arrived at that value.
    The Department of Finance estimated the value of your property as follows:

    .................................................. ..........................Current Tax Year....................CHANGE..................TAX YEAR 2009/10
    Market Value =..........................$4,940,000...................$0..................$4,940,000
    Actual Assessed Value = .............$2,223,000...................$0..................$2,223,000
    Actual Exemption Value = ...................... $0...................$0.............................$0
    Transitional Assessed Value = ..... $1,956,600..........$193,500.................$2,150,100
    Transitional Exemption Value = ............... $0...................$0.............................$0
    Taxable Value = ........................ $1,956,600..........$193,500.................$2,150,100





    DOF shows that the assessed Value of 45-51 Park Place has dropped over the past 5 years, and is currently lower than the Market Value shown above for 2005/2006 (which shows an increase in Market Value for that one year of ~ 63% -- and an equal increase in Assess Value):

    Market Value History
    Tax Year
    Market Value
    2011/12 ........................................................4,140,000
    2010/11 ........................................................4,140,000
    2009/10 ..........................................4,940,000
    2008/09 ........................................................4,940,000
    2007/08 ........................................................4,960,000

  6. #21

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    Wall Street Journal
    October 19, 2011

    Park51 Is Exploring New Directions

    By SUMATHI REDDY

    In a significant departure, the developer behind the proposed Islamic community center near the World Trade Center said Tuesday he is exploring commercial uses there, including condominiums, a hotel and an office tower.

    "All options are on the table," said developer Sharif El-Gamal in a phone interview. "We're looking at all the different potential uses."

    "We could do anything there," he added. "We're sitting on a very valuable piece of real estate."

    His disclosure of the changing plans comes as Mr. El-Gamal's proposal for a mosque and Islamic center faced fresh scrutiny in recent days because of a rent dispute with landlord Consolidated Edison, which owns half the property. The mosque had become a lightning rod when it was proposed a few blocks from the World Trade Center more than a year ago.

    Mr. El-Gamal said Tuesday a Muslim prayer space will remain part of the plan, but the Islamic community center—dubbed Park51 for its address on Park Place—may end up being a relatively small portion of the overall project, expected to be more than 120,000 square feet.

    "The mosque is something that we're 100% committed to," he said.

    "We have 20,000 square feet, at a minimum, that's going to be given to the community," he added. "It depends on how much money we raise."

    Among the ideas Mr. El-Gamal has explored is starting a Soho House for Muslims, similar to the exclusive private members' club and hotel with locations across the world. In the spring he talked to Shezi Sardar, a corporate lawyer, about the idea.

    "I thought that was a cool idea but nothing really bore fruit in that regard," said Mr. Sardar, who said he doesn't now have the time for such a project.

    Mr. El-Gamal said Tuesday he wasn't sure a Soho House was the most viable idea but it was "something that we're considering."

    The Islamic center had originally been proposed as something similar to a Jewish Community Center, and in tentative plans drawn up last year it was to have included an Islamic prayer space, a preschool, spa, interfaith space and 9/11 memorial. There was no talk of a commercial component at the time.

    A year later little progress appears to have been made. The project has no architect, nonprofit manager or executive director, though Mr. El-Gamal said they are looking to fill the positions.

    Friday services continue to take place at the site, a former Burlington Coat Factory. The space has been rented out to other groups and used for photography exhibits and classes. Park51 is still waiting 501c3 nonprofit status from the Internal Revenue Service.

    A year ago Mr. El-Gamal boosted of billion-dollar corporate sponsors lining up to fund the project but to date no financial backers have announced donations. He wouldn't disclose how much money has been raised but said the group has lost potential grants—including one from the Lower Manhattan Development Corp.—because the center lacked 501c3 status.

    "One thing that I will say is that everybody is endorsing this project but people are afraid to actually…put money into the project because of the controversy," Mr. El-Gamal said.

    That was part of the reason the project has taken a commercial turn. "We made that decision because we're looking to do the most viable and self-sufficient project," said Mr. El-Gamal. "It's also a factor of what the community needs and wants."

    But Mr. El-Gamal has yet to update the broader community about his plans, said Julie Menin, chair of Community Board 1 in Lower Manhattan.

    She said she met with Mr. El-Gamal in early June and asked that he give the board an update on the project.

    "He said that they would consider doing that and they have not done so to date," said Ms. Menin.

    "The Community Board would like to see an update," she said. "This is a project that has been in the papers from the get-go and we always request status updates from any major project that happens in the neighborhood."

    Meanwhile, Consolidated Edison, claims it is owed $1.7 million in rent and is threatening to terminate its long-term lease. Mr. El-Gamal disputes the rent calculation and has sued them.

    The utility company owns half of the site where developers want to build, but Mr. El-Gamal has the right to buy the property outright from Con Edison or keep his current lease for 99 years.

    The other half of the site was bought by Mr. El-Gamal and seven other investors for $4.8 million.

    Write to Sumathi Reddy at sumathi.reddy@wsj.com

    Copyright ©2011 Dow Jones & Company, Inc. All Rights Reserved.

  7. #22

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    Some additional views posted at 6sqft:

    45 Park Place: Tribeca’s Latest Condo Tower Could be an Architectural Stunner
    Posted October 7, 2014 By Ondel Hylton

    http://www.6sqft.com/45-park-place-t...tural-stunner/








    More images in the post...
    http://www.6sqft.com/45-park-place-t...tural-stunner/

  8. #23
    Build the Tower Verre antinimby's Avatar
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    I wouldn't exactly call that an "architectural stunner."

  9. #24
    NYC Aficionado from Oz Merry's Avatar
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    Many-Headed Glass Condo Tower to Rise at 45 Park Place

    by Zoe Rosenberg


    While the renderings pictured have not been confirmed as the final design for 45 Park Place,
    they are updated versions of a former rendering for the site.

    With the appearance of a new batch of renderings, it seem Soho Properties' residential tower at 45 Park Place is thismuch closer to rising. 6sqft spotted the new renderings for the condo tower on SOMA Architects' website, and divulge a few more details on the project: permits for the tower say it will rise 39 stories, or 665 feet, and will contain just 46 condos . In all, the building will cover 120,000 square feet. So far, those involved have been tight-lipped about the project, so it seems reasonable that the new, sketchy renderings may not depict the final design for the tower. Soho Properties secured $33 million in financing for 45 Park Place in early September, and construction is expected to being sometime in 2015 with a completion in 2017. Two structures, a cast iron building and an Italian Renaissance-style building, will be razed to make room for the tower.




    45 Park Place will rise alongside Soho Properties chief Sharif El Gamal's three-story Islamic cultural museum and open space at 51 Park Place. The museum will be designed by Pritzker Prize-winning architect Jean Nouvel.

    45 Park Place: Tribeca's Latest Condo Tower Could Be An Architectural Stunner [6sqft]

    http://ny.curbed.com/archives/2014/1...park_place.php

  10. #25
    NYC Aficionado from Oz Merry's Avatar
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    In the news again...


    'Ground Zero Mosque' Will Soon Become Expensive Condos

    September 26, 2015, by Rowley Amato


    Rendering depicts an outdated plan for the building at 45 Park Place.

    The hubbub over the so-called "Ground Zero mosque" has died down a bit in the five years since the story dominated every second of the New York City summer news cycle, but developer Sharif El-Gamal has been busy making moves on Park Place. Now, new details have emerged about the proposed condo tower set to rise on the site.

    According to Bloomberg, the new towerówhich will rise 70 stories and 667 feetówill have "at least" 15 full-floor units ranging from 3,200 to 3,700 square feet, with average prices topping $3,000 per square-foot. As reported last year and pictured in outdated rendering above, the tower will have tiered "heads" that radiate from the center. The tower will be designed Michel Abboud of SOMA with interiors by Piero Lissoni, and it will have a 50-foot swimming pool, concierge service, and a large private lounge.



    The condos at 45 Park Place will be 13 percent more expensive than average listings in new developments in Manhattan, and El-Gamal seems to be betting on the enduring appeal of the Financial District as a residential neighborhood for the super-rich, calling the tower "a market-maker."

    "The center of gravity is shifting toward downtown, and we are literally in the heart of this new downtown," he told Bloomberg. "Once all the scaffolding is down, and once all the office space is leased, this will be the most significant residential neighborhood in New York City."

    However, Jonathan Miller is taking a more cautious approach.

    "There's growing concern about the volume of new units coming on line that are targeting a fairly narrow bandwidth," the appraiser and Miller Samuel president said, referring to the 5,500 residential units that are taking shape south of Chambers Street. "There are already a number of projects with big units online now, so it might be a little late to the party, especially with the recent trend of unit size reductions to lower the actual asking price."

    Luxe Condos at 'Ground Zero Mosque' Site Aim High on Pricing [Bloomberg via Crain's]

    http://ny.curbed.com/archives/2015/0...ive_condos.php

  11. #26

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    Gamal is nuts.

    The location sucks, and the new design is nothing great. 111 Murray is much better.

  12. #27

  13. #28

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    I like the rendering; let's see if the 'as built' reality lives up to this image. In the close up rendering, the building seem to be made entirely of glass panels: I don't see floor slab thicknesses, structural columns and beams - does not seem physically posible to build this as depicted.

  14. #29

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    "...and pictured in outdated rendering above..."

  15. #30

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    Those disgusting 1960s office blocks on Church must go. They look horrible.

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