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Thread: One 57 - 157 West 57th Street - 1003 feet - by Christian de Portzamparc

  1. #1471
    Disgruntled Optimist lofter1's Avatar
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    They've started cleaning the windows on the base above West 57th. Looks much better with the blue protective coating removed and the glass sparkling.

  2. #1472
    Senior Member DKNY617's Avatar
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    July 5th, 2013









  3. #1473
    Crabby airline hostess - stache's Avatar
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    Yikes imagine working up that high in construction.

  4. #1474
    Forum Veteran Tectonic's Avatar
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    Good to see progress on the outside again, started getting used to it as is.

  5. #1475

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    Looking good looking real good!

  6. #1476

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    Wow, those are some high ceilings. Is that about 20 feet per floor up there?

    Quote Originally Posted by DKNY617 View Post
    July 5th, 2013






  7. #1477

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    Quote Originally Posted by Czervik.Construction View Post
    Wow, those are some high ceilings. Is that about 20 feet per floor up there?
    One of the $100 million penthouses, the other of which appears to be down where the east-facing setback is. According to the information in the link below, a standard ceiling height is 11'8'', so those double-height penthouse floors would be at least twice that - over 24 ft!

    http://mercedesberk.com/building/one-57/

  8. #1478
    Disgruntled Optimist lofter1's Avatar
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    Default How the Really Rich Keep Their Cash

    Seems only fair, eh?

    Buyers at Extell’s One57 set to receive a 94% tax break

    State law granted developer special use of 421a tax abatement

    THE REAL DEAL
    July 12, 2013

    At Extell Development’s white-glove One57 condominium development — where asking prices have reached an astronomical $10,500 per square foot — buyers are set to receive a 94 percent discount on annual real estate taxes, the New York Times reported, citing a review of the offering plans of some of the city’s priciest new projects.

    At the Alexico Group’s 56 Leonard Street, for example, the tax break is 76 percent. Because the developer laid the foundation before a 2008 deadline, they were eligible to apply for a 10-year tax abatement under the 421a program. This means that the buyer of a penthouse that recently went into contract for $47 million will pay just $33,000 per year for the first two years in taxes, which will progressively increase through the remaining eight years.

    In the case of One57, however, its location on West 57th Street would normally make it ineligible for the abatement. But in January, the state legislature passed a housing bill that included an exemption for the project, as well as other high-end residential projects such as Larry Silverstein’s 30 Park Place and Joseph Sitt’s 516 Fifth Avenue.

    If the city gives a nod to the abatement, the buyer of One57’s top penthouse – which is under contract for north of $90 million – will pay an annual tax bill of under $18,000, a sum more typical for the buyer of a $3 million apartment. [NYT]Hiten Samtani

  9. #1479
    Crabby airline hostess - stache's Avatar
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    I suppose this shouldn't make me sick but it does.

  10. #1480

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    This building looks so tall, but amazingly, it soon will be dwarfed by 225 W 57th and by CIM's stick.

  11. #1481
    Fearless Photog RoldanTTLB's Avatar
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    Coming together:


  12. #1482
    Senior Member DKNY617's Avatar
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    July 30th, 2013









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  14. #1484
    Crabby airline hostess - stache's Avatar
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    The new hotel makes an impression on the skyline viewed from NJ.

  15. #1485
    Forum Veteran Tectonic's Avatar
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    08.16.13












    ©tectonic

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