Reply With QuoteAlthough the spotlight is on BofA across the street (deservedly so, I might add), this one appears to be finally getting underway.
At least it appears so, according to NYguy's photo of BofA (note the Martha scaffolding):
maybe a nice hedge fund would take this space, its the type of size they need
Although the spotlight is on BofA across the street (deservedly so, I might add), this one appears to be finally getting underway.
At least it appears so, according to NYguy's photo of BofA (note the Martha scaffolding):
This would be a great addition to 42nd Street!
That Scaffolding has been up for a bit but i think maybe after Christmas they can shut down that little market and start building, we will see
looks good, although i've sort of grown accustomed to the view of the Bush Tower as it is. But the Bush Tower was built with exactly this sort of happening in mind, so I doubt it will look abnormal and/or bad.
The American Properties website still shows an article that claims "slated for completion in 2007".
Doubt that is possible. Hopefully they have rethought the design. The last we've seen has a whiff of Post-Modernism about it.
I just don't why they're not hurrying on this one (current leases not up yet perhaps). With BofA across the street, this building will surely be quickly snatched up by some financial firm(s) willing to pay high rents.
The bazaar at the location is way cool. I'd rather have that than this building. Instead, why not build something more signigicant to the larger and more pointless lot to the east of the tower? Make the addition twice as tall as the old tower, and leave some space between the old and the new so the new wouldn't diminish the old that much.
this is a small site and small building, it couls rise just as fast as the 505 Fifth building. A pefect place for a Hedge Fund
Double good news!
MIDTOWN LOSING ITS FLEA MARKET
By STEVE CUOZZO
January 24, 2006 -- Realty Check
BIG changes are coming to West 42nd Street between Sixth and Seventh avenues. The miserable-looking south midblock is finally going to be redeveloped this year, and the ugly-duckling "Building That Times Square Forgot" to its east will soon come down.
Marwan Dalloul, principal of American Properties, says demolition of the flea market between Bush Tower at 130 W. 42nd St. and 1466 Broadway will start this spring. The site is directly across from where Douglas Durst's giant One Bryant Park is now going up.
"If everything goes well, we should be starting by April or May" on 140 W. 42nd St., the office and retail project he's had on the drawing board for several years, Dalloul said.
American Properties owns Bush Tower as well as the low-rise discount bazaar next door.
The new 140 W. 42nd, designed by architects Gruzen Samson, will have 180,000 square feet, including 12,000 square feet of stores. It was designed in 2004 but Dalloul was waiting for the right market.
The whole of 42nd Street is booming, nowhere more so than between Madison Avenue and Broadway where more than 6 million square feet of new offices have been built and mostly leased in 6 different towers over the past few years.
Among the success stories is 275,000-foot 505 Fifth Ave., which Axel Stawski built on spec and is now mostly leased to anchor tenant CIT and other financial firms.
Dalloul, who also plans to build before he signs tenants, said, "Stawski's project was definitely inspiring in some ways. We can only hope to repeat the success he had. He timed it perfectly, and the timing is good today, too."
Dalloul is confident about financing but declined to be specific. He said the only thing that might delay construction would be engineering issues involved with connecting the new building with Bush Tower.
Meanwhile, dorky, six-story 124 W. 42nd St. just east of Bush Tower will finally come down. Sources say that Equity Office Properties, which bought the former Verizon tower at 1095 Sixth Ave. at the corner, is buying the long vacant eyesore from the Kassover family.
The purchase will give Equity elbow room to expand the plaza at the foot of 1095 Sixth. It will get rid of a blight next door to the tower on which it's about to spend $260 million for a new façade and capital improvements.
Copyright 2006 NYP Holdings, Inc.
That's awesome!!!
I'm also thrilled that the "dorky" (as Cuozzo called it) building to the east is coming down. It's crap and an eyesore (and, of course, it's dorky).
Yeah the best thing i sthat the building to the east is coming down
That block of 42nd between 6th and 7th is going to look incredible in a few years. Two giant modern skyscrapers on the north side, and a great mix of old and new on the south side. I hope they do a good job on the Verizon building plaza and gain some good retail in Bush tower.
Here is a much better rendering... Much taller but notice the setbacks on the tower...
http://www.3d-win.com
compare to the older renderings...
The first proposal is so much better with the emphasis on the vertical (note especially the side view).
The thrust of the Bush tower is it´s strong point. It looks twice as tall as it really is. This chunky, clunky, clumsy, addition brings the Bush tower back down to earth. So ugly..... we´ve been cheated.
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