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-   -   NEW YORK | Tower Fifth | 1,556 FT | 96 FLOORS (http://forum.skyscraperpage.com/showthread.php?t=234346)

NYguy Jun 21, 2018 6:52 PM

NEW YORK | Tower Fifth | 1,556 FT | 96 FLOORS
 
https://therealdeal.com/2018/06/21/h...cks-cathedral/

Harry Macklowe wants to build an office tower near St. Patrick’s Cathedral
Materials show vision for 1M sf skyscraper, but without partner or many acquisitions



https://s14.therealdeal.com/trd/up/2...klowe-1200.jpg

By Mark Maurer and Konrad Putzier
June 21, 2018


Quote:

At 81, Harry Macklowe appears to have at least one more supertall up his sleeve. He has been actively trying to assemble parcels for his next big undertaking: the ground-up construction of a massive, 1 million-square-foot office tower.

The property would be known as “Saint Stevens New York” and rise midblock along East 51st and 52nd streets, between Fifth and Madison Avenues, in Midtown’s Plaza District, according to Macklowe Properties materials obtained by The Real Deal. Over the past two years, Macklowe had been targeting a five-parcel site with the combined addresses of 5-9 East 51st Street and 12-20 East 52nd Street. Together, the properties offer about 280,000 square feet as of right, but the documents show Macklowe intends to build a structure more than triple the size.

The materials provide a loose framework for the project: ceiling heights of at least 15 feet, a grand entrance at least 30 feet high, and a “world-renowned designer.” The site has no height restrictions, allowing for a supertall if a developer so desired.

jackster99 Jun 21, 2018 7:09 PM

^Jeez, in that location and with 15 foot ceilings, I think this tower would command some of, if not the most expensive price per square foot office rent in the city

Prezrezc Jun 21, 2018 10:22 PM

Well, start breaking ground already..............

chris08876 Jun 21, 2018 10:29 PM

Another one! :cheers:

This looks promising. Anytime you hear up to a million, thats 1,000,000 of sq-ft, at least 15 foot ceiling heights, and a large base... that ladies and gentlemen is the primordial soup of a Manhattan super-tall. They even added the seasoning to the soup by adding "world-renowned designer".

NYC will become the super tall capital of the world soon. I can say this because its not luck that causes it, but the land and the economic situation as a result of land constraints and price/sqft to develop. When you add the margins needed to make a tower successful, it equates to some serious height.

This will accelerate.

Amen!

:tup:

Crawford Jun 22, 2018 12:55 AM

How tall would this be, roughly? 1,500 ft. range?

I mean, Olympic Tower, just to the left, is something like 620 ft. This looks easily 2.5x the height.

chris08876 Jun 22, 2018 1:43 AM

The mass model depicting the parcel looks similar to CPT in dimensions. CPT for example is 1.2 mil-sq ft, being residential but with a large grand entrance if you will. This being an office tower.

I'd estimate 1400 ft on the conservative side for this based on that mass model. Key word is "if desired". So lets say a super-tall does occur utilizing 1 mil sq-ft, my gut feeling is 1400 ft.

Although for all we know, some sort of spire or crown design could definitely push this upwards. 1 mil-sq ft on those sites with office functionality at a minimum would break the 300m threshold, so its a win-win overall.

antinimby Jun 22, 2018 1:54 AM

Good looking buildings with nice ground floor shops are targeted of course. To be replaced with parking garage entrance, loading dock, useless lobby and a plaza.

9 E 51 St is particularly stunning.

Crawford Jun 22, 2018 1:59 AM

Quote:

Originally Posted by antinimby (Post 8229457)
Good looking buildings with nice ground floor shops are targeted of course. To be replaced with parking garage entrance, loading dock, useless lobby and a plaza.

Parking would be illegal, obviously, and the zoning wouldn't allow a mid-block plaza.

Not sure what is useless about lobbies and loading docks. Those are kinda inherent in every type of sizable building (including those to be demolished).

Busy Bee Jun 22, 2018 2:18 AM

9 East 51 is beautiful. But something tells me Venezuela could use the money. They already sold 11 to the Chinese and it's landmarked so that at least isn't going anywhere.

NYguy Jun 22, 2018 3:50 AM

We're still a ways off, but this would be a boutique type office building with smaller floor plates, and high rent. It would be in the upper class of office buildings, not for tenants looking for a deal.

Don't know who the architect would be, but we've been spoiled with nice things in the area. I would at least hope this is something great. This is about a half block from whatever renovations they are doing at 666 5th Avenue, and just a few blocks from Chase's planned supertall tower.



https://therealdeal.com/2018/06/21/h...cks-cathedral/

Quote:

Macklowe is believed to have quietly begun stitching the assemblage together through acquisitions. In 2016, an entity shielded by lawyer Steven Holm acquired the property at 12 East 52nd Street for $32 million, records show. And, last month, another Holm-shielded entity entered contract to buy the parcel next door at 14 East 52nd Street from the owners of Spain-based bridal shop Pronovias for an undisclosed price, records show. The memorandum of contract indicates that the Pronovias deal will not close until 2019 — between April 30 and June 30.
Quote:

The assemblage play may not be going entirely according to plan, however. Last year, he considered buying one of the properties next door, 11 East 51st Street, which is not identified in the documents as part of the assemblage. But Soho China, a part owner of the GM Building, acquired the landmarked building from Venezuela’s biggest bank, Mercantil Bank, for $30 million. Sources said Macklowe was among the bidders.


Quick overview from google earth...



http://a4.pbase.com/o10/06/102706/1/...A0qagP6.g1.JPG



http://a4.pbase.com/o10/06/102706/1/...jkcB2Vu.g2.JPG



http://a4.pbase.com/o10/06/102706/1/...cxh3ZGH.g3.JPG



http://a4.pbase.com/o10/06/102706/1/...zs3lTw1.g4.JPG



http://a4.pbase.com/o10/06/102706/1/...GxTXulA.g5.JPG



http://a4.pbase.com/o10/06/102706/1/...smkRUF2.g6.JPG



http://a4.pbase.com/o10/06/102706/1/...4spwt8M.g7.JPG



http://a4.pbase.com/o10/06/102706/1/...WIepMFG.g8.JPG

Zerton Jun 22, 2018 4:54 PM

Wow, another one! The site is a bit limiting of the building shape - I hope that doesn't hinder the design. Could this one cantilever over the adjacent shorter buildings?

NYguy Jun 23, 2018 3:49 AM

Quote:

Originally Posted by Zerton (Post 8230061)
Wow, another one! The site is a bit limiting of the building shape - I hope that doesn't hinder the design. Could this one cantilever over the adjacent shorter buildings?

Think of 53w53, hhat turned out great. this wouldn't be a large floor office tower. This would be all about the location.

Eidolon Jul 5, 2018 1:10 PM

Looking forward to seeing a tower with a roof height comparable to Central Park Tower rising here. Hopefully Macklowe doesn't totally drop the ball here by forgetting to add in a nice crown or spire, or having Vinloy design it.

NYguy Jul 6, 2018 5:53 PM

Quote:

Originally Posted by Eidolon (Post 8241940)
Looking forward to seeing a tower with a roof height comparable to Central Park Tower rising here. Hopefully Macklowe doesn't totally drop the ball here by forgetting to add in a nice crown or spire, or having Vinloy design it.

I hope it's a design we can get excited about, other than just the height.


Quote:

The materials provide a loose framework for the project: ceiling heights of at least 15 feet, a grand entrance at least 30 feet high, and a “world-renowned designer.”

Wonder who that is, but whoever it is, I hope they have in mind this site calls for something special. Still waiting to see what Chase is going to hit is with.

NYguy Aug 20, 2018 9:04 PM

https://commercialobserver.com/2018/...-12-east-52nd/

Fortress Lends $46M on Site Reportedly Designated for New Macklowe Skyscraper


https://nyocommercialobserver.files....roup.jpg?w=383


BY MATT GROSSMAN
AUGUST 20, 2018


Quote:

Manhattan’s Fortress Investment Group is lending $46 million against a Midtown East site that reports have connected to a Harry Macklowe office skyscraper that’s currently in the works.
Quote:

The debt, secured by a building at 12 East 52nd Street, refinances $18 million in previous mortgages on the site from Mexico’s Banco Inbursa that date from 2016, according to records filed with the Department of Finance today. That year, Heritage Realty Services sold the building to a corporate entity whose ownership was hidden behind the name of a law firm, Levy Holm Pellegrino & Drath.

Previous reports in The Real Deal have connected that law firm to the early stages of Macklowe’s efforts to build a supertall skyscraper on the Midtown block, bounded by Madison and Fifth Avenues. The magazine says it has viewed plans for the site that call for a 1-million-square-foot office tower designed by a “world-renowned” architect who was not named.
Quote:

Today, 12 East 52nd Street is home to a Bridgehampton National Bank branch, an integrative medical practice and a salon, according to CoStar Group data. The seven-story building totals 25,300 square feet.

Macklowe’s plan would raze the current structure and combine it with neighboring parcels, including 14 East 52nd Street, a building Macklowe purchased in May. But his plans would require him to acquire other neighboring properties too—some of whose owners are reluctant to sell, The Real Deal reported.

NYguy Sep 10, 2018 7:10 PM

An indication of how close a tower here (on the left) would be to Chase's new tower at 270 Park Avenue...



https://www.instagram.com/p/Bnhb59bF...titecamillette

https://scontent-iad3-1.cdninstagram...51581237_n.jpg
https://scontent-ams3-1.cdninstagram...MzQ4NA%3D%3D.2

Sky88 Sep 10, 2018 7:52 PM

Yes, and I think that the new Macklowe tower will be tall as 432 Park Avenue.;)

pico44 Sep 11, 2018 7:00 AM

Quote:

Originally Posted by Eidolon (Post 8241940)
Looking forward to seeing a tower with a roof height comparable to Central Park Tower rising here. Hopefully Macklowe doesn't totally drop the ball here by forgetting to add in a nice crown or spire, or having Vinloy design it.



Of course Vinoly is going to design it. We're talking about Harry "how cheap can we build this thing" Macklowe here.

NYguy Jan 16, 2019 1:35 AM

https://www.crainsnewyork.com/real-e...-midtown-tower

Macklowe locks down another parcel for potential Midtown tower

January 15, 2019
JOE ANUTA


Quote:

Developer Harry Macklowe snagged a midtown parcel last month that is likely tied to a soaring office tower he is planning just north of St. Patrick's Cathedral.

A limited-liability company that appears to be tied to Macklowe Properties signed an agreement Dec. 27 with the owner of 5 E. 51st St. to purchase the four-floor apartment building with ground-floor retail. The deal is scheduled to close Feb. 5 and the price was not disclosed. Macklowe Properties and the owner, a limited-liability company tied to Acuity Capital Partners, did not comment by press time.
Quote:

Macklowe has been aiming to assemble five mid-block properties between Madison and Fifth avenues and East 51st and East 52nd streets in order to raze them and erect a soaring office tower called Saint Stevens New York, according to a June report in The Real Deal. At the time, the octogenarian developer controlled two buildings along East 52nd Street. And in August, Macklowe took out a $46 million mortgage from Fortress Investment Group on one of those properties.

Last month's agreement brings the official assemblage to three parcels, though it is unclear whether the firm has more tied up in contract. According to The Real Deal report, Macklowe would still need two other buildings on the block and a healthy supply of air rights to boost the size of the building to 1 million square feet. St. Patrick's Cathedral across the street has nearly 1 million square feet of unused development rights to sell, and would be a likely source.
Quote:

Any tower built there would fall within the East Midtown rezoning, according to the Department of City Planning. But because Macklowe could theoretically purchase the air rights directly from the Archdiocese of New York, instead of using a new system set up specifically for the rezoning that also funds transit and pedestrian improvements, the extent of any public benefit is unclear.

Crawford Jan 16, 2019 1:36 AM

Quote:

Originally Posted by pico44 (Post 8310160)
Of course Vinoly is going to design it. We're talking about Harry "how cheap can we build this thing" Macklowe here.

You realize Macklowe built the most expensive residential tower in NYC history, right? Designed by Vinoly, a starchitect.


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