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Thread: 440 West 42nd Street at 10th Avenue - 60 Story Tower - by Arquitectonica

  1. #286
    In the long run... londonlawyer's Avatar
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    Hopefully, this will get financed. A 58 story tower by Arquitectronica sounds nice.

  2. #287
    Disgruntled Optimist lofter1's Avatar
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    Signature Plans Move to Space in Midtown

    NY TIMES
    By ROBIN POGREBIN
    October 23, 2008

    After a wearying five-year search in which the Signature Theater Company was promised a new home at the former World Trade Center site and later in a community college auditorium on West Broadway, the organization now plans to move to a tower under construction on West 42nd Street, a few doors down from its current home.

    The Signature space, to be designed by Frank Gehry, would be at the base of a 58-story, 1.2-million-square-foot hotel and residential building being developed by Related Companies at 10th Avenue, near the strip of theaters known as Theater Row. The building was designed by Arquitectonica.

    In 70,000 square feet of contiguous space to be known as the Signature Center, the Off Broadway company would operate one theater with 299 seats and two with 199, one of which would be flexible. The theater now has just one 160-seat auditorium, at 555 West 42nd Street in Clinton.

    The new space of the Signature, which specializes in seasons devoted to single writers, would have two rehearsal studios, a cafe, a bookstore and offices.

    “It’s an ideal spot for us in the heart of the theater district,” said James Houghton, Signature’s artistic director.

    Kate D. Levin, the city’s cultural affairs commissioner, said the location made sense for the theater, which has been in the neighborhood since 1997. “They can activate a portion of this building in a really meaningful way,” she said. “They’ve got a compelling vision and track record.”

    Although Mr. Gehry’s firm will no longer be designing a free-standing building, Craig Webb, one of the architects, said he was excited about the project: “It’s a modest proposition, but I think there’s a possibility to create some great little theaters.”

    Foundation work on the building started last November and is expected to be completed in two months, Related said. Work on the superstructure is scheduled to begin in January. By providing space to a theater, a developer gains the right to build more square footage than is typically allowed under the zoning law.

    The theater’s new space is expected to cost $60 million. Related is to provide the core and shell, and the Signature is to be responsible for the interior. A $20 million fund-raising campaign is planned, to be led by Richard J. Schwartz, a former chairman of the New York State Council on the Arts.

    Mr. Houghton said that the Signature’s board had raised about $6 million and that he hoped the city would be generous with its support. The Department of Cultural Affairs has so far committed $9.5 million, Ms. Levin said.

    Fund-raising is bound to be a challenge, given the tough economic climate. Mr. Houghton said Related had offered the Signature a 10-year bridge loan of $10 million to “help us get started” with the “hard and soft” costs of the project. He said he expected the theater’s annual operating budget to increase to $9 million from about $4 million.

    Last year the city backed out of plans to help relocate the Signature to a new performing arts center at the former World Trade Center site on the ground that having two institutions share a limited space was too complicated and costly, at an estimated $700 million. (The Joyce Theater, which is devoted to dance, remains the sole tenant planned for that building, also to be designed by Mr. Gehry, although that project has yet to move forward.)

    The Signature then settled on Fiterman Hall, part of Borough of Manhattan Community College, diagonally across from 7 World Trade Center. The hall had been heavily damaged by falling debris in the terrorist attack of 9/11. The project also proved too costly, at a projected $360 million, for the theater component.

    The Signature is hoping to establish a new presence on 42nd Street in the spirit of the National Theater’s complex in London: a gathering place with several different kinds of theaters where artists and audience members can congregate between performances. That thinking, that a critical mass of theaters can create a dynamic cultural district, inspired the creation of Theater Row. The Signature’s entrance is to be at ground level, with the stages on the second floor and some offices on a mezzanine.

    The theater’s lease at 555 West 42nd Street is up in 2011. It hopes to open in its new home that year, with construction of the theater to begin this summer.

    Founded in 1991, the Signature has featured the work of Edward Albee, Horton Foote, John Guare, Paula Vogel and August Wilson. The current season centers on productions from the history of the Negro Ensemble Company. Suzan-Lori Parks, the Pulitzer-winning author of “Topdog/Underdog,” will be the theater’s next focus, and in 2010-11 the Signature will highlight Tony Kushner, another Pulitzer winner, in its 20th-anniversary season.

    According to the Department of Cultural Affairs, the Signature says it is the ninth-largest nonprofit theater company in New York City.

    Mr. Houghton said that although the Signature had been enthusiastic about the prospect of moving downtown, he was not disappointed by how things turned out. “We worked rigorously to try to make that happen,” he said of the ground zero project. But “sometimes you end up right where you should.”

    Copyright 2008 The New York Times Company

  3. #288
    In the long run... londonlawyer's Avatar
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    I just read that article.

    This seems to be good news. I hope that Arquitectonica comes through with a great design. They seem to be hit or miss. They have designed many unispired boxes.

  4. #289
    Disgruntled Optimist lofter1's Avatar
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    Uninspired? Hopefully not.

    However the previous 2007 design from Arquitectonica (still availabe: Twining Properties > Real Estate > 440 W42nd Street) seemed less than inspired and appeared similar to some of the towers that went up near Lincoln Center 10 years ago. Blehh.

    A post from last summer states that the revised project has massing which remains basically the same, but that the design has changed:

    ... the renderings on the Twinings site have been taken off the table, and that Aritectonica and Leyva are collaborating on the project. He also said that although no renderings have been released to the public yet, it will be two connected towers on an 80 ft base with the smaller (19 story) tower on the west side of the building. So it sounds like it's actually the same configuration as the Twinings rendering but with a different design.
    The latest news indicates that this is now purely an Arquitectonica project (with Gehry doing work separately on the [interior only?] theaters) and there is no mention of any involvement by Leyva (IMHO, a very smart decision).

  5. #290

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    My guess is that Leyva is/was designing the interior...they did the condo interiors at Related's TWC too.

  6. #291
    Build the Tower Verre antinimby's Avatar
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    Quote Originally Posted by brianac View Post
    Related reached financing deals for the project before the fiscal crisis hit, including more than $275 million in bonds related to low-income housing in the building.
    I guess that answers the concern over whether they've got financing or not. Sounds like this project is a 'go.'

    Quote Originally Posted by lofter1 View Post
    The building was designed by Arquitectonica.
    The "was" part makes me think that the Lincoln Center area-type design we've seen earlier is the one that's getting built. That's too bad.

  7. #292
    In the long run... londonlawyer's Avatar
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    Quote Originally Posted by lofter1 View Post
    ....
    The latest news indicates that this is now purely an Arquitectonica project (with Gehry doing work separately on the [interior only?] theaters) and there is no mention of any involvement by Leyva (IMHO, a very smart decision).
    After seeing the latest iteration of Leyva's monstrous design for 309 Fifth Ave., I agree with your statement.

  8. #293

    Default 440 West 42nd

    Any new news on this building..have they even started on pouring the foundation?....is this still going to be a condo/office building?

  9. #294
    Disgruntled Optimist lofter1's Avatar
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    The foundaion has been dug-out and the concrete pour finished (or nearly so) for months.

  10. #295

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    Work continues:
    From my window I see -
    about a dozen pickup trucks parked each day...
    cement trucks lined up yesterday
    (so the foundation is still being poured)...
    deliveries of many 12x12 timbers...
    Construction is due to begin in January.
    But when will the renderings be released?

  11. #296
    In the long run... londonlawyer's Avatar
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    I wonder if Related simply has a pre-construction loan. I can't see anything getting financing at the moment (unless, of course, a construction loan was obtained before the deluge).

  12. #297

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    Yesterday I stood on my neighbor's balcony, where I could see that they are still pouring the walls for the shell of the never-to-be-built subway station.

  13. #298

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    does it seem like the MTA could eventually open a station there, should they get enough funding one day?

  14. #299

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    The station will eventually be built, but not now.

    They are building the shell of the station, but cannot afford to finish and open it within the $2.1 billion available budget.

  15. #300
    Build the Tower Verre antinimby's Avatar
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    The shell was really only what we wanted. At one time, they said they weren't even going to include a shell.

    Have they reversed that decision and are you sure it's a shell that they're currently builidng?

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