HomeDiagramsDatabaseMapsForum
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals

Reply

 
Thread Tools Display Modes
     
     
  #1  
Old Posted Jul 6, 2018, 6:02 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,186
Smile NEW YORK | ABC Headquarters redevelopment | FT | FLOORS

https://therealdeal.com/2018/07/06/s...c-complex-buy/

Silverstein lines up $800M Deutsche loan for ABC complex buy
Developer expected to close next week on $1B deal






By Mark Maurer and Danielle Balbi
July 06, 2018


Quote:
Silverstein Properties has lined up financing for one of the largest investment-sales deals of the year.

Deutsche Bank is providing about $800 million in financing toward the developer’s $1 billion purchase of the massive American Broadcasting Company headquarters on the Upper West Side, which is expected to close next week, sources told The Real Deal.

The deal is closing at a time when ABC’s parent company, Disney, is in the middle of a monster acquisition of 20th Century Fox. ABC’s complex of office buildings and studios runs along West 66th Street between Central Park West and Columbus Avenue, and includes the 22-story, 420,000-square-foot property at 77 West 66th Street.

Quote:
The developer will likely demolish the existing buildings, but its plans were not immediately clear. Sources said the complex was marketed as both development opportunity for luxury residential condominiums or as a new office complex.

Demolition would not occur for at least a few more years, as the broadcaster is expected to lease the space back until a new headquarters is ready. Disney was reportedly considering a Trinity Church-owned development site at 4 Hudson Square that would allow for 1.2 million square feet.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #2  
Old Posted Jul 6, 2018, 7:01 PM
Crawford Crawford is offline
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,289
Hopefully another skinny supertall residential, given the location and incredible Central Park views.

Whatever is built, it will probably be among the most expensive buildings on the planet.
Reply With Quote
     
     
  #3  
Old Posted Jul 9, 2018, 1:55 PM
Eidolon's Avatar
Eidolon Eidolon is offline
Registered User
 
Join Date: Jan 2012
Posts: 646


Anything over 850ft will be massive for the area, over 1000ft would be pure heaven though...
Reply With Quote
     
     
  #4  
Old Posted Jul 10, 2018, 4:27 PM
tdawg's Avatar
tdawg tdawg is offline
Registered User
 
Join Date: Jan 2007
Location: NY,NY
Posts: 2,354
To piggy back on this news I read that Disney is consolidating their New York operations to Hudson Square. Does that mean a new tower for them?
__________________
Creative Director in New York City
Reply With Quote
     
     
  #5  
Old Posted Jul 10, 2018, 4:54 PM
Hudson11's Avatar
Hudson11 Hudson11 is offline
Registered User
 
Join Date: Aug 2011
Posts: 875
Quote:
Originally Posted by tdawg View Post
To piggy back on this news I read that Disney is consolidating their New York operations to Hudson Square. Does that mean a new tower for them?
at a soaring 290' roof height maximum Hudson Square is red hot - such a shame that they opted for such restrictive height limits. Disney's new HQ will be a big block building like what Google has.

Whatever Silverstein has planned for this site will hopefully be much taller. The current tower is 292'. We're still a few years off from learning anything about it.

__________________
click here too see hunser's list of the many supertall skyscrapers of New York City!
Reply With Quote
     
     
  #6  
Old Posted Jul 10, 2018, 5:02 PM
vandelay vandelay is offline
Registered User
 
Join Date: Apr 2009
Posts: 829
This is an indicator of how little momentum there is for 2 WTC. I hope Silverstein and Stern team up again.
__________________
This is the Age of Durex!
Reply With Quote
     
     
  #7  
Old Posted Jul 10, 2018, 5:24 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,186
Quote:
Originally Posted by vandelay View Post
This is an indicator of how little momentum there is for 2 WTC.

Not it isn't. This site will likely be residential development. As far as the ABC/Disney headquarters goes, they want to build their own complex, not anchor a supertall skyscraper. There's a thread on the ABC development, but here are some quotes from the Times...


https://mobile.nytimes.com/2018/07/0...on-square.html

Quote:
Disney, which is in the midst of acquiring 21st Century Fox, plans to build a modern, one-million-square-foot complex that would house ABC headquarters, WABC News, offices, production facilities and studios, including those for “The View” and “Live With Kelly and Ryan,” on an entire block bounded by Hudson, Varick, Van Dam and Spring Streets. The company is leasing the property, known as Four Hudson Square, for 99 years from Trinity Church in a deal valued at $650 million.

On Tuesday, Disney plans to close on a separate agreement to sell its two Upper West Side campuses to the developer Larry Silverstein for $1.155 billion. Disney is leasing back the eight buildings that comprise its operations from Silverstein for up to five years while it draws up plans for the downtown complex, demolishes the existing buildings at Hudson Square and erects a new home.

Robert A. Iger, the chairman and chief executive of The Walt Disney Company, said in a statement Monday that the new building will let it adapt new technology and that the “move represents a historic step forward toward our long-term vision for our New York operations. The Hudson Square district is rapidly becoming a dynamic, innovative hub for media, technology and other creative businesses.”

Disney has not yet settled on an architect for the complex, but a spokeswoman said the company is working with Hines, a development and management company, on the project.
Quote:
Several years ago, the 18-block Hudson Square area was rezoned at Trinity’s behest to allow for new residential development and modern office space, though not for the super-tall towers rising in Midtown.
Quote:
Silverstein Properties has not disclosed its plans for those properties, or for a parking lot it owns nearby. But the most likely outcome would be a new series of tall residential towers.

Silverstein promised to work with the local community in defining what could be built there.

Marty Burger, chief executive of Silverstein Properties, said, “We look forward to working collaboratively with all our stakeholders, as we have always done, as we assume responsibility for Disney’s properties in the heart of Manhattan’s Upper West Side.”

Disney had already sold air rights to its properties to the developer Gary Barnett, the principal at Extell Development, who is planning to build a super-tall tower on West 66th Street.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #8  
Old Posted Jul 10, 2018, 5:51 PM
Crawford Crawford is offline
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,289
Quote:
Originally Posted by vandelay View Post
This is an indicator of how little momentum there is for 2 WTC. I hope Silverstein and Stern team up again.
What does any of this have to do with 2 WTC?

It would be highly unlikely that ABC would consider the WTC site (because location and building envelope aren't suited to their business).
Reply With Quote
     
     
  #9  
Old Posted Jul 10, 2018, 5:54 PM
Crawford Crawford is offline
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,289
Quote:
Originally Posted by Hudson11 View Post
Whatever Silverstein has planned for this site will hopefully be much taller. The current tower is 292'. We're still a few years off from learning anything about it.
There are actually multiple towers likely planned. Disney is selling its two West Side campuses to Silverstein, for about $1.25 billion, and only retaining the ESPN offices.

These two campuses, minus ESPN, have eight buildings currently. I would guess we're getting four or five new towers.

The first campus (current HQ) is near Central Park, between Columbus and CPW, east of Lincoln Center. The second campus (studios) is on West End Ave. just west of Lincoln Center.
Reply With Quote
     
     
  #10  
Old Posted Jul 11, 2018, 1:58 AM
Crawford Crawford is offline
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,289
So I did a Streetview search of all the purchased properties. The West End Ave. campus is huge, covering multiple blocks. The Columbus Ave. campus is smaller but a contiguous superblock.

At bare minimum, I think we get 5-7 new towers, with 3 or 4 on the WEA campus, and 2 or 3 on the Columbus campus. And I'm assuming big footprints.

So this will probably be the most transformative project on this part of the West Side since Lincoln Center. This is really huge news.
Reply With Quote
     
     
  #11  
Old Posted Jul 11, 2018, 2:26 AM
Hudson11's Avatar
Hudson11 Hudson11 is offline
Registered User
 
Join Date: Aug 2011
Posts: 875
Great point, I wasn't thinking of the bigger picture. Makes sense with the billion dollar price tag.
__________________
click here too see hunser's list of the many supertall skyscrapers of New York City!
Reply With Quote
     
     
  #12  
Old Posted Jul 11, 2018, 2:30 PM
Mr Saturn64's Avatar
Mr Saturn64 Mr Saturn64 is offline
Registered User
 
Join Date: Nov 2015
Location: Philly
Posts: 833
You might want to fix the title of this thread. "LOORS"
__________________
Go Phillies!⚾ 🦅Fly Eagles Fly!🦅 🏀Trust the Process!🏀 🏒Go Flyers!🏒
Reply With Quote
     
     
  #13  
Old Posted Jul 12, 2018, 10:23 AM
pico44 pico44 is offline
Registered User
 
Join Date: Nov 2006
Posts: 1,208
Quote:
Originally Posted by tdawg View Post
To piggy back on this news I read that Disney is consolidating their New York operations to Hudson Square. Does that mean a new tower for them?

Woah. That is incredible. And it looks like Hines is developing, expect a world class design from a major architect.


Quote:
So I did a Streetview search of all the purchased properties. The West End Ave. campus is huge, covering multiple blocks. The Columbus Ave. campus is smaller but a contiguous superblock.

At bare minimum, I think we get 5-7 new towers, with 3 or 4 on the WEA campus, and 2 or 3 on the Columbus campus. And I'm assuming big footprints.

So this will probably be the most transformative project on this part of the West Side since Lincoln Center. This is really huge news
Yup, huge news indeed. Lincoln Center is such an incredible place, particularly since the DS+R renovation. How great it will be to have a new beautiful neighbor rather than the ugly piece that's presently there.

Last edited by pico44; Jul 12, 2018 at 10:37 AM.
Reply With Quote
     
     
  #14  
Old Posted Jul 12, 2018, 8:13 PM
aquablue aquablue is offline
Registered User
 
Join Date: Nov 2003
Posts: 1,582
The demand for this types of luxury towers seems to be never ending.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 6:52 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.