Nothing happening here yet. Otherwise I would have taken a photo!
Yes, nice trend for sure. NYC is a dynamic, exciting city that too often builds (and preserves) boring, crummy looking buildings - I like seeing this trend toward building more interesting, exciting buildings that better reflect dynamic, modern character of this city.
Nothing happening here yet. Otherwise I would have taken a photo!
JDS, PMG partnership mull adding 200 feet to Steinway-adjacent tower
Purchase of West 57th Street site likely allows developers to expand scope of planned project
March 28, 2013 05:30PMBy Katherine Clarke and Mel Gray
A previous rendering of the tower
A partnership led by Michael Stern’s JDS Development and Property Markets Group is considering increasing the height of its planned hotel and condominium tower on West 57th Street to up to 900 feet, following the acquisition of the adjacent Steinway building, a principal at PMG told The Real Deal.
The partnership paid $46 million for a stake in the 247,000-square foot building at 109 West 57th Street belonging to Steinway Musical Instruments, the manufacturer of the classic pianos, in partnership with Atlantic Investors earlier this month. The purchase likely allows the developers to ramp up their plans for an adjacent site they bought last spring with Starwood Capital, Kevin Maloney of PMG told The Real Deal last month.
The JDS/PMG partnership paid $40 million for a stake in 107 West 57th Street, between Sixth and Seventh avenues, and subsequently filed plans for a skinny, 679-foot, 51-story condominium property on the 43-foot-wide lot, to be designed by architecture firm Cetra Ruddy. It was slated to have just 29 condominium units. However, the addition of the Steinway site likely gives the developers the option to build a larger structure comparable to the likes of Extell Development’s 1,000-foot One57 down the block. The Steinway building has close to 45,000 square feet of air rights attached, according to PropertyShark.
Michael Stern of JDS declined to comment on the deal or the plans for the property. Plans for a larger project have not yet been filed with the Department of Buildings, records show.
While the specific details of the tower have not yet been decided, Maloney told The Real Deal earlier this month that it will likely have a hotel component with condominium units above. All apartments will have unobstructed Central Park views, he said.
Maloney noted that the developers will have to work around limitations linked to the Steinway building’s status as a registered New York landmark. The façade on the first four floors of the building is protected, and the property features a ground-floor, two-story rotunda with a 35-foot domed ceiling. A spokesperson for the Landmarks Preservation Commission was not immediately available for comment.
Great news. I like this tower, but would have preferred a crown or a Verre-like shard at the top. Maybe the taller version will get one.
How can they build such a tall tower on such a tiny site? I hope that we don't get another concrete bunker like 432 Park.
I highly doubt this will be a concrete bunker.
The proportions and dimensions are going to be insane, as this is only going to be 306K square feet - 432 Park is 500Ksf, but is only 198 feet taller. Rough math says 432 Park's average floor is 5.6SF while 111 West 57th's will be 4,050SF - so it will have 85% of the height but 72% of the 'volume'.
432 Park is already extremely thin, and if 111 West 57th has any degree of taper - because, remember, 432 Park's floors are all the same except for the retail base and the 'open' levels - the upper floors could be shockingly thin. Whatever goes up here is going to be very impressive, and even the old design had some incredible height:width ratios.
Given they have mentioned a possible take on 1920s-30s NYC, I have high hopes, but that's why SHoP's involvement is confusing, as they do not do 'historic' designs.
Hopefully sH0p does the interior grunt and compliance work while a firm with more finesse does the exterior.
Ssp post from wsj: http://online.wsj.com/article/SB1000...092833082.html
New Era for Skyscrapers
Wall Street Journal
September 08, 2013
The managing partner of JDS Development Group and his partners at Property Markets Group are planning a skinny, ultra-luxury condo tower on West 57th Street, which will be about 100 feet taller than the Empire State Building. The venture's plans for the tower submitted last month to the city's Landmarks Preservation Commission call for an approximately 1,350-foot skyscraper that sets back from the street numerous times as it reaches higher—resembling tall, thin steps.
"It's really going to enhance the skyline," says Vishaan Chakrabarti, a partner at SHoP Architects, which designed the tower. He says the planned tower would be clad with bronze-and-white terra-cotta stripes, so the building "sparkles during the day and has a soft glow at night."
It remains unclear whether the venture has obtained financing, a crucial element for any development, especially at a time that many banks are still reluctant to make loans for condo projects. A spokesman for JDS declined to comment on the financing, but said the developer hopes to break ground early next year.
In addition to its height, the building is notable for being so thin. Its lot is just 43-feet wide, according to city records, and many of the floors would be 4,000 to 5,000 square feet in size, Mr. Chakrabarti says.
The building is slated to include many full-floor apartments with views all around. "There will be moments in these apartments where you can see Midtown to the south and Central Park to the north," he says.
If built, the tower would be by far the most notable development by Mr. Stern, 34 years old, a relative newcomer to New York City real estate. He's best known for converting the Walker Tower in Chelsea to condos, along with Property Markets Group. Mr. Stern has since made multiple other acquisitions, and he's planning a pair of flashy apartment towers on Manhattan's East Side.
Mr. Stern and Property Markets Group are planning to convert the Steinway Building into an apartment building and transfer its development rights. The new tower must get approval from the city's Landmarks Preservation Commission because it's next door to the Steinway building site, which is a city landmark.
Last week, the landmarks committee of the neighborhood community board voted to give a nonbinding endorsement of the plan. The full community board is set to take up the issue this week.
Is it just me, or does this tower look a little ridiculous?
This is what Stern said over the summer:
"Steinway Hall is a beautiful landmark and we’re incredibly respectful of that and we’re going to design a building that complements the landmark — very reminiscent of the skyscrapers built in the ’20s and ’30s."
Looks like he was blowing smoke out his ass.
At 43' wide, one of these walls is going to be seriously blank. Wonder how it'll be treated.
Are these two renderings supposed to be the same building?!
The first one (before SHOP got a hold of it) looked interesting...
The newer one looks like extruded merde from tightly clinched cheeks.
(and tower verre wasn't good enough to share the sky with the empire
but this one is?)