Page 1 of 9 12345 ... LastLast
Results 1 to 15 of 124

Thread: 20 East 53rd St - Mixed-use

  1. #1

    Default 20 East 53rd St - Mixed-use

    Congratulations to our amigo, Jeff Park, who scooped this story before Steve Cuozzo did! At any rate, the following story about a new tower at 53rd and Madison was published in the March 7, 2006 edition of The New York Post.

    Sadly, there are some decent buildings on the block, but I'm ultimately pleased because the building on 53rd and Madison, while it was probably once quite nice, has been stripped of practically all of its ornamentation and has long been run-down. As this is such a prime corner, I am confident that something superb will rise here.

    http://www.nypost.com/photos/comm030706032.jpg

    "MACKLOWE'S MARCH: SAY GOODBYE: Harry Macklowe plans to raze this building at Madison Avenue and 53rd Street to make way for a hotel/condo project."

    Photo: Helayne Seidman

    March 7, 2006 -- REALTY CHECK

    HARRY Macklowe is readying a major new hotel/condo development at one of Midtown's most valuable locations, just as central Manhattan has grown increasingly starved for first-class hotel rooms and while the market for mixed hotel/apartment projects remains strong.

    Sources said five old brick structures at the southwest corner of Madison Avenue and 53rd Street will soon be razed for a tower of several hundred thousand square feet, with a hotel to occupy roughly the lower third and the luxury apartments the upper floors - a formula similar to that at a planned new project on the site of the Mark Hotel.

    It also may resemble the plan for the site of the Swissair Drake Hotel on East 56th Street, which, as my colleague Braden Keil first reported, Macklowe has a contract to buy and which he plans to demolish for a new building.

    For years, Macklowe has quietly been assembling the 53rd Street corner site. Last month, city records show, title to 510 Madison, next to the Berkshire Hotel, passed from William Colavito to Macklowe's 53rd Street and Madison Tower Development for $27.5 million.

    The same Macklowe company also bought 14 E. 53rd for $11.6 million - giving the developer control of five contiguous buildings forming an L-shape around the corner.

    Sources cautioned that Macklowe has yet to file any construction plans and "things could change at any minute." But in the past few weeks, he has filed demolition plans with the Buildings Department for two of the four side-street properties, which are vacant except for a deli at 14 E. 53rd. A third building, 20 E. 53rd, is also being readied for demolition.

    Meanwhile, Macklowe is vacating the last store tenants from 510 Madison, an otherwise empty, seven-story brick structure expected to come down soon.

    Most of the ground-floor shops, such as Occitane, have already moved out. An employee at Fogal lingerie on the corner said the shop would likely move across the street by the end of April, when the handful of remaining stores will also close.

    A call to Macklowe Properties was referred to company president Billy Macklowe, Harry's son, who spearheads many of its development projects but who declined comment.

    In fact, Macklowe has kept his plans under tight wraps, and word of the demolition plans had the real estate and hotel worlds buzzing yesterday. Cushman & Wakefield investment-sale specialist Ron Cohen said Macklowe "has thought about it for a long time" and at one point even considered selling the assemblage.

    CB Richard Ellis investment-sale specialist William Shanahan, who's not involved with the property today but who brokered the sale of 16-20 E. 53rd to Macklowe some years ago, called the site in the heart of Midtown's retail, office and museum district "perfect, ideal" for a hotel/condo combination.

    Sean Hennessey, a Lodging Investment Advisers hotel analyst, said Macklowe's plans are similar to other developers. "The rebound in the hotel industry has led developers to focus on exploiting unmet need," he said. "And hotels serve the purpose of sitting at a project's lower levels, thus pushing the apartments up higher where they command better prices."

    Although the wider condo market shows signs of softening, it doesn't yet apply to prime locations where residents can avail themselves of first-class hotel services.

    Meanwhile, Midtown and the Upper East Side have lost thousands of hotel rooms in the past few years to residential conversion at the Plaza, St. Regis, Intercontinental and Stanhope, among others - a decline only partly offset by the growth of "boutique" properties in remote neighborhoods.

    Cushman's Tom McConnell said, "Macklowe works in mysterious ways."

    In fact, sources say, Macklowe has been itching to get back into the Manhattan hotel business ever since he built the Hotel Macklowe off Times Square in the 1980s, only to lose it to his banks in the early '90s. (It's now the Broadway Millennium.) McConnell recalled that Macklowe had the letter "M" woven into carpeting and other trim at the time.

    That project earned Macklowe infamy for his midnight demolition without permits of four small buildings on the site. That incident and the collapse of brickwork on Macklowe's 540 Madison Avenue office building in 1997 have subjected his every new project to intense media scrutiny.

    But his recent developments have meticulously avoided problems. His redevelopment of 340 Madison Ave. tip-toed carefully around a Christian Science church at the site, and his 310 E. 53rd St. condo tower took pains not to damage landmarked 1800s houses next door.

    Macklowe is all over the Manhattan map these days. He bought 767 Fifth Ave., the former GM Building, for a record $1.4 billion in 2003. He's also busy filling up 340 Madison and 610 Broadway, the gleaming office project he developed at the corner of Houston Street.

    steve.cuozzo@nypost.com

  2. #2
    Build the Tower Verre antinimby's Avatar
    Join Date
    Sep 2004
    Location
    in Limbo
    Posts
    8,976

    Default

    The photo that goes with the above Post article.


  3. #3

    Default

    A. will this development include 14 E 53rd Street.

    B. if Macklowe was smart he would build a mix of office on the upper floors and hotel on the lower floors and lots of retail with NO condos

  4. #4
    Build the Tower Verre antinimby's Avatar
    Join Date
    Sep 2004
    Location
    in Limbo
    Posts
    8,976

    Default

    For a guy who's supposedly in the biz, you seem to have a lot of questions. How 'bout answering some of ours first, next time.

  5. #5

    Default

    Quote Originally Posted by antinimby
    For a guy who's supposedly in the biz, you seem to have a lot of questions. How 'bout answering some of ours first, next time.
    i am not in the BIZ.

  6. #6
    The Dude Abides
    Join Date
    Jan 2005
    Location
    NYC - Financial District
    Posts
    4,418

    Default

    I walked by the site today, and was surprised to find that a lot of demolition has already taken place. Two out of the five buildings have been completely demolished, and the other three look to be in the process of demolition.













    This is a huge site. I tried to find more information on it, but there's been no new press coverage, and nothing on Macklowe's website. Lofter, if you're reading this: I'd be interested in finding out how many buildable square feet this site contains, as well as any height restrictions. I tried using DOB, but it's a little hard to navigate. I know you've probably gotten comfortable with it by now.

  7. #7

    Default

    Quote Originally Posted by pianoman11686
    I walked by the site today, and was surprised to find that a lot of demolition has already taken place. Two out of the five buildings have been completely demolished, and the other three look to be in the process of demolition.













    This is a huge site. I tried to find more information on it, but there's been no new press coverage, and nothing on Macklowe's website. Lofter, if you're reading this: I'd be interested in finding out how many buildable square feet this site contains, as well as any height restrictions. I tried using DOB, but it's a little hard to navigate. I know you've probably gotten comfortable with it by now.
    DOB is pretty hard to navigate for me too. The most important thing is to find the correct address and sleuth from there. At any site with as much as scaffolding you will find a DOB permit with an address. Once you have the address you can go on DOB and navigate.

  8. #8

    Default

    Demolition permits were issued for 16, 18, and 20 E 53rd.

    Also, a new building permit was issued for #20. SLCE architect, but it says only 4 stories, 59 feet and 30 dwelling units. It was approved.

    Something is not right about this. 4 stories is much smaller than the buildings demolished, and come on, who in their right mind would only build 4 stories in midtown in 2006?

    Also, #22 does not have any demolition permits as of yet.

    Weird situation.

  9. #9
    Disgruntled Optimist lofter1's Avatar
    Join Date
    Jun 2005
    Location
    NYC - Downtown
    Posts
    32,654

    Default

    Lots of diverse information at DOB on this group ...

    One thing that sometimes occurs at DOB is that initial Applications are later Amended. I found in our building that this is sometimes done to keep the scheme undercover. Also it seems that in this way the Applicants are able to get a project through in bits and pieces, rather than all at once. One way to keep this one under the radar???

    The various info at DOB for sites 16, 18, 20 & 22 don't all line up (for example at one place it states that 18 & 20 are separate lots, but in another place it shows that the two share one plot).

    Searching the different lots here's some additional info I found:

    THIS Application filed for 18 E. 53rd (Filed 6.21, Approved 6.26.06) states:


    Job Description:
    INSTALLATION OF A BETAMAX 2000P HOIST "ELEVATOR IN READINESS" DURING BUILDING DEMO # 104359365. NO CHANGE IN USE, EGRESS OR OCCUPANCY
    Building Dimension:
    No. Stories: 17
    Height: 160
    Also, from looking at pictures, it appears that these four buildings / lots are all approximately 25' wide, however ...

    THIS Application filed for for a "FENCE" at 20 E. 53rd (Filed 6.01, Approved 6.12.06) states that the dimensions of the lot are ~100' x 129':


    Metes and Bounds:
    Beginning at a point on the SOUTH side of East 53rd Street Distant 28 Ft. WEST of the corner formed by the intersection of East 53rd Street and Madison Avenue

    RUNNING THENCE: W 129.50 FT.
    THENCE: S 100.42 FT.
    RUNNING THENCE: E 112.50 FT.
    THENCE: N 0.42 FT.
    RUNNING THENCE: E 17 FT.
    THENCE: N 100 FT.
    To confuse things even more ...

    THIS Application for a "New Building" at 20 E. 53rd (Filed 6.05, DISAPPROVED 6.20.06 -- Peter Claman / SLCE) states:


    Job Description:
    FOR NB 130 LIN. FT
    Building Dimension:
    No. Stories:
    Street Frontage: 130
    THIS Application (the most recent) for 22 E. 53rd (aka 510 Madison Avenue -- Filed 12.21.05, Approved 1.05.06) states:


    Job Description:
    Erect a temporary plywood wall fence 125 ft long by 14 ft High at 510 Madison Avenue - during remedial repairs. Work shall comply with LL33/91. No change in use egress or occupancy.


  10. #10
    Disgruntled Optimist lofter1's Avatar
    Join Date
    Jun 2005
    Location
    NYC - Downtown
    Posts
    32,654

    Default

    And, last but not least, for 14 E. 53rd St.:

    THIS Application (most recent) for 14 E. 53rd shows the owner not as Mackowe but as:


    Owner:
    DESMOND PAUL OWNER
    N/A 14 EAST 53RD STREET
    Job Description:
    Erect a temporary plywood wall fence 25 ft long by 14 ft High and 3 ft wide at 14 East 53 Street - during storefront repairs. Work shall comply with LL33/91. No change in use egress or occupancy
    So ....

    There are 5 properties all ~ 25' wide and 100' deep = 5 x 25 x 100 = 12,500 ft. sq.


    Not sure what the following zoning regs are, but DOB lists the zoning as:
    14 E. 53rd: C5-3 - RESTRICTED CENTRAL COMMERCIAL DISTRICT

    16 E. 53rd: C6-6 - GENERAL CENTRAL COMMERCIAL DISTRICT

    18 E. 53rd: C5-3 - RESTRICTED CENTRAL COMMERCIAL DISTRICT

    20 E. 53rd: C5-2.5 - RESTRICTED CENTRAL COMMERCIAL DISTRICT

    22 E. 53rd: C5-3 - RESTRICTED CENTRAL COMMERCIAL DISTRICT



  11. #11
    Disgruntled Optimist lofter1's Avatar
    Join Date
    Jun 2005
    Location
    NYC - Downtown
    Posts
    32,654

    Default

    Not that I can make heads or tails of this, but here is the Zoning Map showing the approximate site of the Macklowe plan ...

    ***
    Attached Thumbnails Attached Thumbnails Click image for larger version. 

Name:	Macklowe_Mad 53_01b.JPG 
Views:	256 
Size:	53.0 KB 
ID:	2108  

  12. #12

    Default

    It appears that Harry and Billy Macklowe have cleared all tenants out of the building on 53rd and Madison.

    P.S.: What ever happened to Jeff Park? He gave us this scoop to begin with and entertained us with his amusing script and homey appellations for NY developers.

  13. #13

    Default

    The Macklowes better something special and beautiful - they appear to be trying to wipe out all prewar buildings in midtown (glass facade at madison and 43rd, this project, impending doom of the Drake hotel)- these buildings may not have been "landmarks" , but they added to the disappearing mix of sophisticated midtown buildings with elegant nonchain stores at the base.

    Harry, why don't you retire already?

  14. #14

    Default

    The same holds true for Gershon Barnett (A.K.A. "Gary"). The worst schmuck is the one that is tearing down the townhouses on 56th St. What an A-Hole!

  15. #15
    Crabby airline hostess - stache's Avatar
    Join Date
    Jun 2004
    Location
    Nairobi Hilton
    Posts
    8,511

    Default

    The whole town is starting to look bland imo.

Page 1 of 9 12345 ... LastLast

Similar Threads

  1. East River Plaza Mall
    By DominicanoNYC in forum New York Real Estate
    Replies: 46
    Last Post: December 13th, 2014, 08:35 AM
  2. Station Renovation - East New York
    By Gulcrapek in forum New York City Guide For New Yorkers
    Replies: 3
    Last Post: July 30th, 2004, 09:59 AM
  3. East Coast Greenway
    By ZippyTheChimp in forum New York City Guide For New Yorkers
    Replies: 0
    Last Post: June 9th, 2003, 09:37 AM
  4. East River - large file
    By ZippyTheChimp in forum Photos and Videos of New York
    Replies: 16
    Last Post: March 31st, 2003, 04:50 AM
  5. 420 East 61st Street - Any info?
    By MikeV in forum New York Skyscrapers and Architecture
    Replies: 11
    Last Post: January 29th, 2002, 08:27 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


Google+ - Facebook - Twitter - Meetup

Edward's photos on Flickr - Wired New York on Flickr - In Queens - In Red Hook - Bryant Park - SQL Backup Software