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Thread: 400 Fifth Avenue @ 36th St - Setai Hotel and Condo - by Gwathmey Siegel & Associates

  1. #16

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    I did not mean to imply that there is anything wrong with Barcelona or height. This building’s facade is just not speaking to me – sometimes hard to tell from mock ups and drawings though - so I say… when in doubt, wait and see. Funny thing is, when I first saw a drawing of the Westin, it was black and white and I thought great - nice form - then they built it.

  2. #17

    Default tessler 396

    why dosint tessler knock down the building on the s/w corner of fifth and 37th street and make it a whloe block development

  3. #18

    Default tessler 396

    why dosint tessler knock down the building on the s/w corner of fifth and 37th street and make it a whloe block development

  4. #19
    Build the Tower Verre antinimby's Avatar
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    Site cleared for mixed-use tower at 400 Fifth Avenue 27-DEC-05

    www.cityrealty.com



    The mid-rise, commercial building at 396 Fifth Avenue has been recently demolished, completing the clearing of the site for the development of a major mixed-use tower at 400 Fifth Avenue on the northwest corner at 36th Street. Two mid-block, mid-rise buildings at 398 and 400 Fifth Avenue were previously demolished.

    The full site was acquired recently by Tessler Developments LLC from The Chetrit Group.

    Yitzchak Tessler of Tessler Development Company told CityRealty.com today that plans for the site have not yet been finalized but should be by March. He said the project will contain residential condominiums and a hotel and that it will require public reviews.

    He said that his company was reviewing previously published plans for the site by Skidmore, Owings & Merrill. When asked whether Gwathmey Siegel & Associates might become involved since he has used them on the Windsor Park residential development at 100 West 58th Street and a residential project planned for 240 Park Avenue South, he again said simply that plans are being “reviewed.”

    Tessler Development’s other projects in the city have included 150 Nassau Street and 66 Leonard Street and the Bryant Park Hotel.

    Previously published plans, shown at the right, for 400 Fifth Avenue indicated a condominium apartment tower of about 50 stories or 600 feet designed by Peter Magill of Skidmore, Owings & Merrill that featured a very unusual façade of undulating faceted elements and slightly angled windows. The tower in that plan would be setback on a base that held to the building line on Fifth Avenue.

    The tower would be the latest new high-rise building to be erected within a few blocks of the Empire State Building, which has for decades stood in splendid isolation. Its site is two blocks south from 425 Fifth Avenue, a quite tall, yellow-and-white, apartment tower and it is three blocks north of 325 Fifth Avenue, a 50-story condominium apartment building now in construction.

  5. #20
    Forum Veteran krulltime's Avatar
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    Not much on this one yet...


    February 15, 2006:



  6. #21

    Default bad base with interesting tower plopped on top

    it's almost like two different buildings which is NOT a good thing. Same effect the Cooper Union building by Guathmey is disjointed from it's base.

    If you are going to carry a theme through, incorporate the tower skin with the base.

    Design 101.

  7. #22
    Forum Veteran krulltime's Avatar
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    From the top of the Empire State Building. March 1, 2006:



  8. #23
    Build the Tower Verre antinimby's Avatar
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    Shouldn't there be a hole in the ground by now?

  9. #24

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    Quote Originally Posted by antinimby
    Shouldn't there be a hole in the ground by now?
    I hope that the delay is because they're redesigning the building. I hate that facade.

  10. #25
    Forum Veteran krulltime's Avatar
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    THEY TAKE THE FIFTH


    March 8, 2006 -- BETWEEN THE BRICKS

    A pre-assembled vacant site in the fashion swath of Fifth Avenue is hitting the market through Darcy Stacom and her CB Richard Ellis team.

    The 400 Fifth Ave. site on the northwest corner of 36th Street is being sold by the joint venture of Lehman Bros. and Yitzak Tessler.

    It's also ready to plunge skyward to 550,000 gross feet and down two levels for a garage.

    "You have a clean slate and it's ready to roll," said Stacom.

    It can support 190,000 feet of hotel uses, along with residential or even offices.

    Because the venture already includes air rights from 404 Fifth Ave., the landmarked Tiffany Building across the street, and the sloping land, its view corridor stretches to the Atlantic Ocean, Stacom told us.

    Pricing may approach $400 a foot - which is what Stacom obtained from Madison Equities for the Hearst hotel site at 55th and Eighth Avenue - another busy developer believes it will go for more and could hit $500 a foot.

    "There's not a lot out there for land," he advised.

    Stacom and Bill Shanahan have also added Jeff Dauray from the D.C. hospitality company Molinaro Koger as a full partner to their team.


    Copyright 2006 NYP Holdings, Inc.

  11. #26
    Forum Veteran MidtownGuy's Avatar
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    I really liked the facade on that plan, I thought the texture was nice. So many smooth glass skins in the city, for me it is always refreshing to see new architecture making use of texture, especially to dress up an otherwise boring box.

  12. #27
    Build the Tower Verre antinimby's Avatar
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    So what this is telling us is that the project is still on hold while it's being placed for sale to another developer? How long will this take? And how much longer will the next developer take to even get started?

    Btw Midtown, this just means that the design that you see will likely change and that rendering will no longer be valid. Seeing that it was done by SOM, this may not be a bad thing.

  13. #28

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    Tessler bought the development site from CHETRIT GROUP
    (They are partners with him in other developments)
    In the end of the summer for $150 million
    That’s around $270 a BSF

    And he wants now around $400 a foot (HE WILL GET MORE LIKE $450 A FOOT) $225 million

    THAT MEANS HE IS MAKING $75 MILLION NOT BAD

  14. #29
    Disgruntled Optimist lofter1's Avatar
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    Any idea what the Chetrit Group paid -- and how long ago?

  15. #30

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    Quote Originally Posted by lofter1
    Any idea what the Chetrit Group paid -- and how long ago?
    the chetrit group put the whole deal together, with the air rights from the buildings they own across the street and the building to the north,

    before the air rights that they put together and getting all the tenets out of this now demolished buildings/development site the site was just another lot with old buildings on it with tenets that its value is not based on BSF so the question is not really a question

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