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Old Posted Oct 14, 2014, 4:54 AM
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NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
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Quote:
Originally Posted by Sic'EmBears View Post
Old New York is being torn down right before our eyes...
It isn't.


Quote:
Originally Posted by photoLith View Post
There arent any other buildings in any other city like that, that I am aware of. Fucking shame.

There are many, many older, quality buildings in Manhattan, many better than this one. They're all over, but people don't pay much attention to them because they're just old buildings. I like this one in particular, not just because of the design (mainly the tower), but I like the mix of the old with the new on the street. SHoP will do an excellent job with Steinway Hall, there is the potential for something similar here.


Quote:
A report in September from the church’s board to its membership says the church has signed a letter of intent with Extell Development Corp. that allows the board to begin negotiations with Extell regarding potential redevelopment of the church’s property.

Many churches around the city are struggling with mounting maintenance costs as their buildings age. At the same time, many also sit on some of the most valuable land in the city. A growing number have been selling their land to developers and either moving to new locations or striking deals with developers to allow them to build over top of church facilities.

Often, when these types of developments come up, people blame the developers. But no one is forcing these people to sell property or air rights. The church will do what's in it's best interest, and unfortunately (or not), the best interest is not to sit in an old property just for the sake of it.

It will probably be some time before anything will happen there anyway, Barnett has his hands full with the Nordstrom and others, and the current crop of towers need to make their way along. With towers like One57 and 111 W. 57th practically as neighbors, it's inevitable that value speaks louder than any sentiment.





http://www.cbcnyc.org/


Quote:
In cooperation with the Board of Deacons (Trustees) and the Board of Elders, the Development Communications Committee has held small group discussion meetings for all major ministry groups and any other members interested in receiving first-hand updates and giving input in the potential redevelopment of the Church's property. Calvary members approved a "Letter of Intent" authorizing the Boards to begin negotions with Extell Development utilizing professional advisory, architectural and legal services.

The Architectural Firm, FX Fowle LLC was introduced to the members at a Special Business Meeting on June 29, 2014, and will present an update on their work on September 28, 2014. Members will also receive updated information from our Real Estate Advisors at Savills, LLC and our legal team at Fried, Frank, Harris, Shivers & Jacobson.

Looks like any redevelopment will involve the church remaining on site. That's a good deal, and they're sitting on a gold mine, why not take advantage.


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Last edited by NYguy; Oct 14, 2014 at 5:18 AM.
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