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  #21  
Old Posted Jul 3, 2015, 1:08 AM
JR Ewing JR Ewing is offline
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Argosy is still there, but apparently, it will be razed.

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  #22  
Old Posted Jul 3, 2015, 5:38 PM
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Quote:
Originally Posted by JR Ewing View Post

Argosy is still there, but apparently, it will be razed.
It looks like it is still present in the rendering and diagrams. The article from May also says they just sold their air rights. Did something change?
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  #23  
Old Posted Jul 16, 2015, 4:34 AM
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http://therealdeal.com/issues_articl...n-59th-street/

Flat, not crowded, and very hot on 59th Street
Soo Chan’s latest synthesizes design ideas on the edge of Midtown


July 01, 2015
By James Gardner


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  #24  
Old Posted Jul 16, 2015, 4:42 AM
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I actually like this design.
This is a tower that's going to be noticed from the street and make heads turn for sure!
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  #25  
Old Posted Jul 16, 2015, 1:46 PM
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Great looking tower but having that argosy building remain looks ridiculous.
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  #26  
Old Posted Jul 16, 2015, 8:09 PM
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Pretty okay design. Hmm... its just right. While not amazing, its just above the thin red line. Where being below means crappy, and barely above meaning decent. 7/10.

Like George Bush once said, no child left behind, and this scores just above a 65%, so it passes.
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  #27  
Old Posted Jul 16, 2015, 11:36 PM
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Well, you can't please everyone I suppose.
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  #28  
Old Posted Jul 17, 2015, 1:06 AM
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Nice, It will be a nice addition!

It does appear Argosy will remain.
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  #29  
Old Posted Jul 17, 2015, 2:26 PM
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SCDA’s Switchback Skyscraper Launches Teaser Site and Clears its Midtown East Lot

SCDA’s Switchback Skyscraper Launches Teaser Site and Clears its Midtown East Lot
By Ondel Hylton
July 16, 2015

www.6sqft.com/scdas-switchback-skyscraper-launches-teaser-site-and-clears-its-midtown-east-lot

Quote:
Last November, 6sqft brought you news that a 29-unit boutique condominium would rise at the edge of Billionaires’ Row, in that somewhat ambiguous zone occupied by Bloomingdale’s and Bloomberg LLP. Now, the high-end development’s teaser site has launched, which showcases a handful of images of the tower’s common spaces, and we took a trip to the site to get a first look at the construction progress.







More info and images in the post here.
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  #30  
Old Posted Jul 17, 2015, 8:38 PM
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^^^^

A nice filler. And with that said, that rendering above of whats to come....

Tower just gets lost. Smothered essentially. This is 5 feet taller than Newark's tallest building, yet, it seems like a lowrise in comparison to its future surroundings.
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  #31  
Old Posted Jul 18, 2015, 12:17 AM
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Holy crap!
This tower will be 127 feet shorter than the Hearst Tower and as well all know, you can barely see the Hearst on the skyline.
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  #32  
Old Posted Jul 29, 2015, 2:22 PM
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New Renderings For 118 East 59th Street, 38-Story Midtown East Condo Project


Quote:
Per the DOB, the tower will stand 470 feet and 38 floors to its roof, and the renderings illustrate the lofty ceiling heights in the duplex living rooms. The building will total only 29 condominiums, averaging 2,400 square feet apiece.

SCDA Architects is designing both interiors and exteriors, while SLCE is serving as the architect of record. Euro Properties is developing, and the building will also have a little over 6,000 square feet of retail space at its base.

The envelope will feature floors stacked in boxes of four, set at off-angles. The new renderings give a close-up of the glass cladding, which will evidently feature on both the northern and southern sides of the tower. The lot-line walls are slightly more mundane.

Units will all be full-floor or larger, and the duplex spaces are evident in the renderings.

As the view of 118 East 59th Street from Central Park shows, the additional impact of this and other new spindly towers is relatively minimal compared to the office behemoths like the GM Building and 9 West 57th Street. In fact, SCDA’s project barely peeks out onto the park, with the tremendous existing density of the surrounding neighborhood leaving it only a sliver of the skyline.
=======================
http://www.yimbynews.com/2015/07/new...o-project.html

Last edited by chris08876; Oct 18, 2015 at 3:19 PM. Reason: Broken Link
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  #33  
Old Posted Aug 28, 2015, 1:37 AM
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Yesterday


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  #34  
Old Posted Sep 25, 2015, 12:36 PM
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Equipment on site.

Image from JR.

Credit: http://www.yimbyforums.com/t/new-yor...-floors/1020/4
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  #35  
Old Posted Oct 18, 2015, 3:18 PM
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Construction and Sales Begin on SCDA’s Billionaires’ Row Tower, 118 East 59th Street







Quote:
Construction and sales have commenced on a glass-encased, 500-foot-tall condominium tower at 118 East 59th Street developed by Euro Properties and designed by Soo K. Chan of SCDA Architects. Situated mid block between Park and Lexington Avenues, the tower is surrounded by the crème de la crème of New York real estate, positioned within the nexus of several high-value locales: The Plaza District, home to the GM Building, commands the city’s top office rents; nearby shopping stretches of Fifth and Madison Avenues hold the world’s most coveted retail corners; and a one-mile long, super-luxury residential corridor, nicknamed Billionaires’ Row, straddles the southern bounds of Central Park and is set to reshape the city skyline into a trophy shelf of wealth.

===========================
http://www.6sqft.com/construction-an...t-59th-street/
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  #36  
Old Posted Nov 19, 2015, 10:05 PM
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Another one set to rise.


Credit: Walpole/JR

Last edited by chris08876; Mar 19, 2018 at 5:12 AM.
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  #37  
Old Posted May 28, 2016, 4:30 PM
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Euro Properties might sell troubled 118 East 59th condo project: sources

Quote:
Asian investment firm Euro Properties made waves in 2014 when it announced its intention to become the first Chinese developer to build a ground-up Manhattan condominium. But its vision for the 29-unit “bespoke” tower at 118 East 59th Street haven’t gone as planned — the company is already shifting its marketing strategy to compete with nearby condo developments, and multiple sources told The Real Deal that Euro Properties might even sell the site altogether.

Several sources with knowledge of Euro Properties’ thinking said the firm is weighing two options: make further progress on the construction of the 40-story building before relaunching sales, or cut bait.

Sources told TRD that the firm, led by CEO Neo Que Yau, has been quietly seeking a buyer for the property and is targeting a sale price just shy of $100 million.

Euro Properties, which paid $55 million for the property and air rights, could not be reached for comment. The developer has also racked up a slew of construction violations at the site, which late last week was padlocked. It’s unclear if construction is active.

In January, Brown Harris Stevens Development Marketing resigned from the project, a spokesperson for the firm said.

The Hong Kong-based company severed ties with Great Ink Communications in the spring and tapped Nest Seekers International’s Regis Roumila, Silvette Julian and Ryan Serhant as the building’s marketing agent.

Reached on Friday, Serhant confirmed to TRD that he signed on about a month ago to re-launch sales at the project, which is now dubbed Park Fifty Nine, according to a teaser website. But the co-star of Bravo TV’s “Million Dollar Listing: New York” declined to say when that would be.

Euro Properties had been eyeing a total sellout of $210 million, but the latest filings with the state Attorney General’s Office indicate the target has moved to $264 million. Sales originally kicked off at 118 East 59th Street in November 2015, but it’s unclear if any units sold.
======================
http://therealdeal.com/2016/05/23/eu...oject-sources/
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  #38  
Old Posted Mar 19, 2018, 5:12 AM
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Unfortunately no progress as of yet.


Credit: nyc1
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  #39  
Old Posted Mar 19, 2018, 2:59 PM
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  #40  
Old Posted Jun 19, 2019, 9:49 PM
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Cancelled

*March, 2019

https://therealdeal.com/2019/03/04/e...condo-project/

Quote:
Hong Kong-based Euro Properties was supposed to be the first Chinese developer to build — not just finance — a condominium tower in Manhattan, when it acquired 118 East 59th Street in 2013.

But construction on the 38-story tower never got going, and pre-development sales of its 29 units never made it to the closing phase. The developer also never obtained a construction loan, city records show.

On Monday, Euro Properties announced it had sold the managing stake in the property to its investment partner, an affiliate of Xiamen-based Yuzhou Properties Group. The $26 million sale marks Euro’s complete exit and values the total site at $74 million, the company said.
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