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Thread: Manhattan's Toy Center to become apartments

  1. #16

    Default Dermatologist? Oncologist? Proctologist?

    This poor building should definitely take that thing to a doctor to have it checked out.

  2. #17

    Default

    I don't think it will look that awful from the street. It kind of goes well with 1 Madison Park's cube concept.

    Also, based on the success of projects around the park, the redevelopment of the Commodore Criterion seems inevitable. =(

  3. #18
    Disgruntled Optimist lofter1's Avatar
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    Default

    The Commodore Criterian at the intersection of Fifth / Broadway -- directly north of the Flatiron Building -- is a great location -- and currently hosts a really bad building.

    Considering the site it could be great if it were redeveloped with an A+++++ slender tower.

  4. #19
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    Default

    believe it or not, Commodore Criterion is Landmarked - part of the Madison Square North Historic District


    http://www.nyc.gov/html/lpc/download...ps/madison.pdf

  5. #20

    Default

    ^I think that's good news then. If the Commodore is ever demolished its guaranteed that its replacement will be decent.

    It's not impossible to demolish a building in a landmarked district. The buildings just north of the Commodore are very nice, so I'm guessing that's why the entire block was landmarked.

    224 Fifth Avenue is a building in the historic district (just a block north) that is now being torn down now. The demolition and the building's replacement had to be approved by the LPC and reviewed by the CB.

    Here's the design for 224 Fifth. The community board voted against the demolition and the redevelopment but LPC approved it anyway.


    more cubes...

    One more block north and across the street, LPC approved this tower for 241 Fifth Avenue:
    Last edited by Derek2k3; August 18th, 2008 at 01:13 AM.

  6. #21

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    The Commodore is not landmarked. It's in a landmark district. Big difference.

  7. #22
    Build the Tower Verre antinimby's Avatar
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    I'm not sure I like this redesigned addition mimicking the original. Perhaps it's because the shape is too slab-like?

    Maybe a modern, contrasting design shown above is better?

    Madison Square's Toy Center Condos Get a New Crown

    Wednesday, October 29, 2008, by Joey



    The "toy blocks" will not be coming to the Toy Center. Reps from Tessler Development reached out to let us know that, yes, an eight-story addition is planned for 1107 Broadway, the condo conversion of the north building of the former International Toy Center at Madison Square Park. However, architect Eran Chen's toy-inspired design will not be what gets built. Instead, Tessler will move ahead with the more traditional and uniform design seen above, created by British architect John Pawson, who designed Ian Schrager's 50 Gramercy Park North. No word as to when construction and marketing will get underway. Blame that whole market meltdown thing.

  8. #23
    Disgruntled Optimist lofter1's Avatar
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    Terrible.

    A mundane box. Old fashioned to a fault.

    Seemingly a cousin of the hulk to the SE on the corner of Broadway / 23 <> 22

    As bad as some of those 70's monsters on Broadway across from Lincoln Center.


  9. #24

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    God thats horrible, it will ruin what is a decent set of buildings.

  10. #25

    Default

    Poor Eran Chen.

    He loved not wisely but too well.

  11. #26

    Default

    I think the first design suffered from bad renderings, and would have looked fine from street level (depending on the glass). Now we have a decent rendering but a crummy design. Hopefully Tessler will wait it out and come to his senses. The design deserving this site has yet to be drawn.

  12. #27

    Default

    Bad.


    Bad. Bad. Bad.









    Bad.

  13. #28

    Default

    Gee...I wonder what they are building in Shanghai or Dubai right now?

  14. #29

    Default

    If this is still the design, it can stall a little more.




    http://www.nypost.com/f/print/news/b...AOY1laCq6Y6vhP

    Isle of misfit Toy Buildings
    By STEVE CUOZZO

    Last Updated: 2:29 AM, December 8, 2009
    Posted: 1:50 AM, December 8, 2009

    There's no end in sight to the mess at 1107 Broadway, the northern-most of the two former Toy Buildings that was slated for condo conversion.

    Two years after developer Yitzchak Tessler said he planned super-luxury condos and an eight-story addition on top of the existing 16-story structure, the former toy-wholesale building stands vacant except for a ground-floor bank branch. Many windows are boarded up -- an incongruous sight over Madison Square Park.

    Tessler bought 1107 Broadway from Joseph Chetrit for $235 million in 2007 and filed expansion plans with the Buildings Department in September 2008. But the site's been listed on the department's "stalled" projects list since April, and recently popped up on research firm Real Capital Analytics' roster of "troubled assets."

    Tessler did not return calls. But industry sources said 1107 Broadway, although in no imminent danger of foreclosure, is likely to remain in a miserable state for years.

    Sources said a complicating factor is that Chetrit's "still in the deal" -- which might explain why the $235 million sale price was so low compared with the $480 million sale of comparably sized sister Toy Building 200 Fifth Ave. the same year.

    Another issue involves $343 million of debt to Lehman Brothers Holdings.

    RCA Research Director Dan Fasulo said, "It isn't clear whether the loan was securitized" prior to Lehman's bankruptcy. Some $203 million was for the purchase and the rest for redevelopment.

    A different source said, "The debt was carved up in a confusing way where no one knows what will happen, and there's a lot of finger-pointing going on."

    A rep for Lehman declined to comment.

    It's all a far cry from what's happened at 200 Fifth Ave., which is linked to it by a sky bridge.

    Since David W. Levinson's and Robert T. Lapidus' L&L Holding Co. bought the address from Chetrit in 2007, they lured ad giant Grey Group to be the anchor office tenant with 370,000 square feet, and recently signed Eataly for a 42,000 square-foot gourmet emporium.

  15. #30
    Disgruntled Optimist lofter1's Avatar
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    According to DOB the enlargement is by Office of Design and Architecture [ODA].

    Job Description: CONVERT EXISTING 17 STORY COMMERCIAL BUILDING TO RESIDENTIAL USE ON FLOOR 2-16 AND PROPOSE 8 STORY VERTICAL ENLARGEMENT.

    The extrusion seen in the rendering above is generically Kondylis-like and doesn't look like a structure that ODA would produce. In fact, if you go to the ODA website and click projects > residential > 1107 Broadway you'll see an entirely different scheme, more akin to what is going up at 15 Union Square West (also seen on the ODA website).

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