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Thread: 301 Forty Sixth - 301 West 46th Street at 8th Avenue - by Fegan / Berg / Architects

  1. #91
    Disgruntled Optimist lofter1's Avatar
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    Demo signs ("A. RUSSO WRECKING - Demolition Contractor") have gone up on the Sidewalk Shed here (however, DOB shows that no DEMO Permit has yet been filed).

    It's sad -- this one could be gem if re-used and incorporated into a new building ...


  2. #92

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    I agree. That's a beautiful building as was the one that was razed already.

    An even greater kick in the nads than this is an article that I saw on curbed today regarding the demolition of a beautiful church on Amsterdam. NY is f...ked up. Notwithstanding all of the crap that we have, we nevertheless raze great old structures.

    PS: Are the stores in this building now closed?

  3. #93
    Senior Swanky Peteynyc1's Avatar
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    That Demolition sign has been there for quite a while now. The only business left is that porn shop on the corner. I see 1 light on upstairs from one of the few apartments left. Most windows are bricked shut.

  4. #94

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    Thanks for the info.

  5. #95

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    The corner DVD store has closed for good.

    The parking lot on 46th has reopened.

  6. #96

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    http://www.nypost.com/seven/08182009...145.htm?page=0

    August 18, 2009
    A few weeks ago, we noted that the Buildings Department's online list of "stalled" city construction projects left out more than a few -- among them, Tribeach Holdings' Eighth Avenue development site on the avenue's west side between 46th and 47th streets.

    We couldn't reach anyone for comment at the time, but we've since heard from Tribeach principal William Fegan, who's also an architect. His lament over his inability to proceed with the hotel/condo project that's left a big hole in the block might be an anthem for every frustrated developer.

    Fegan said there are "lots of things going on" he understandably can't talk about regarding his 38-story project, which was supposed to be finished by next year, according to Tribeach's Web site.

    But, "We're still planning to go ahead. We love the location, we're very pro-Manhattan -- but we have to wait" because "everything's in turmoil" in the credit markets.

    More honest than many, he called the current lending freeze that's left craters all over town a "horrible, nightmare scenario" that's made it impossible to build.

    Nor can Tribeach just bail out. "There's no way I could sell it now because it would wipe out my equity," Fegan said. Bank of Scotland holds mortgages totaling around $80 million on the site.

    Fegan is anything but reassured by the recent, hard-fought sale of Worldwide Plaza two blocks north of his site for $540 million, or about $375 a square foot -- a fire-sale number compared to the $1.739 billion Harry Macklowe paid for it in February 2007, but oddly welcomed by some for "establishing value."

    "If Worldwide [established value], Manhattan's dead," Fegan said.

    The Eighth Avenue project, officially called 401 W. 46th St., would be Tribeach's largest here so far. It previously completed successful condo projects in TriBeCa and SoHo and larger ones in Eastern Europe.

  7. #97

  8. #98

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    Well, we've seen worse!

  9. #99

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    I keep wondering why there isn't a law in NYC that prevents developers from tearing down buildings before their financing is complete. 8th ave is a wreck because of this.

  10. #100

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    Quote Originally Posted by NoyokA View Post
    Isn't this a new design?

  11. #101
    Disgruntled Optimist lofter1's Avatar
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    The Tribeach website still says completion date is 2010 ...

    The building is a thirty-eight story mixed-use complex located in Hell’s Kitchen, bordering the Time’s Square Theatre District. The project consists of a multiple of volumes that house a 375 room hotel, 35 units of condominiums, and amenities that include bar, lounge, meeting rooms, swimming pool and an automated parking garage system. Also incorporated into the program are market-rate apartments, rent subsidized apartments, retail space and restaurants. The complexity of the program is reflected in the buildings overall massing where each volume becomes a different container for its program and the ensemble creates space for terraces, swimming pools and dining areas. To be completed in 2010.
    DOB shows no new activity on the New Building Application since March 2008 (when it was Disapproved).

    The most recent DOB filing is for interior construction on the existing 6-story building: DISAPPROVED 8.13.09

    HEREWITH FILING FOR CONSTRUCTION WORK (OT),AS PER PLANS SUBMITTED HEREWITH.
    NO CHANGE IN USE, EGRESS, OR OCCUPANCY.

  12. #102

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    Quote Originally Posted by lesterp4 View Post
    I keep wondering why there isn't a law in NYC that prevents developers from tearing down buildings before their financing is complete. 8th ave is a wreck because of this.
    That would be impossible. Many buildings aren't fully funded until they're well into construction, or sometimes projects are funded in increments.

  13. #103
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    It's kind of crap-a-doodle-dooo. I wish more developers and architects would consider integrating exisiting facades into their designs. It seems that Hearst building was less "inspiring" to developers than it was "intimidating".

  14. #104

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    I wish developers did that more too, but isn't that very expensive? Look at all the problems 1 York went through. I'd prefer if they just left the building alone and built a taller/ slender tower on the lot next door.

  15. #105

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    A great shame about Kevin StJames's.We spent some wonderful late nights and early mornings there!

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