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  #1  
Old Posted Dec 14, 2012, 12:09 PM
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Smile NEW YORK | 520 Park Ave (45 East 60th) | 780 FT | 52 FLOORS

RobertWalpole posted on SSC about an application that was recently filed for this tower that's being developed by Zeckendorf, the developers of 15CP West. Needless to say I'm absolutely thrilled right now.

It's always nice to see Midtown's skyline extending further.

Last edited by Eidolon; Dec 14, 2012 at 1:32 PM.
     
     
  #2  
Old Posted Dec 14, 2012, 1:13 PM
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It looks like the lot has roughly same sq. footage as the tower portion of 432 Park Ave.
     
     
  #3  
Old Posted Dec 14, 2012, 1:24 PM
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It will be a relatively "small" building with only 40 units (there are more floors because of the duplexes at the top after the 30th floor), but the trend for higher units pushes it up there. It will probably be a little higher than 725 ft.
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  #4  
Old Posted Dec 14, 2012, 1:31 PM
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Quote:
Originally Posted by NYguy View Post
It will probably be a little higher than 725 ft.
I agree, my guess is that this won't break 800ft.
     
     
  #5  
Old Posted Dec 14, 2012, 1:38 PM
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good to see the skyline stretching further north. I wonder how the Upper Eastside nimbys will deal with this one's "encroachment."
     
     
  #6  
Old Posted Dec 14, 2012, 1:45 PM
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Quote:
Originally Posted by lakegz View Post
good to see the skyline stretching further north. I wonder how the Upper Eastside nimbys will deal with this one's "encroachment."
I believe they will be too busy crying over 432 Park and 225 W57th that they will not notice this tower before it's too late.

With 225 W57th having the tallest roof in America, I belive that organized opposition to buildings less than 1,000ft tall will largely dissappear from the agenda of Upper Eastside NIMBYism.
     
     
  #7  
Old Posted Dec 14, 2012, 1:52 PM
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Quote:
Originally Posted by lakegz View Post
good to see the skyline stretching further north. I wonder how the Upper Eastside nimbys will deal with this one's "encroachment."
That area is pretty dense, if not as high. The GM building is the closest behemoth to it, and it will have great views of - Central Park.


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Last edited by NYguy; Dec 14, 2012 at 2:23 PM.
     
     
  #8  
Old Posted Dec 15, 2012, 1:02 AM
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Excellent news! Good height for this place.
Can not wait to see the render. It would be great to see an art deco this site.

Last edited by reencharles; Dec 15, 2012 at 1:13 AM.
     
     
  #9  
Old Posted Dec 15, 2012, 1:23 AM
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This kinda came out of nowhere. I'd love to see some sort of a crown on this to break up the flat roof trend of neighboring buildings in the same height range, and to relate to the older residential buildings nearby right on the park, just have to wait and see I guess.
     
     
  #10  
Old Posted Dec 15, 2012, 4:03 PM
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This kinda came out of nowhere.
This project has actually been in development for many years. The Zeckendorfs announced they would eventually do a ultra-luxury project here maybe a decade ago. Robert AM Stern was always the rumored architect.

But now it looks like it's about to break ground. In the last few days, they have filed tons of permits with the Buildings departments. All that paperwork isn't filed unless construction is very imminent.

And, yeah, this location would be perfect for a crown. A nice, narrow 800+ foot tower would be great for where Midtown meets the Upper East Side.
     
     
  #11  
Old Posted Dec 15, 2012, 2:00 AM
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This was needed here... Looking forward to the design.
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  #12  
Old Posted Dec 15, 2012, 2:17 PM
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Originally Posted by ThatOneGuy View Post
This was needed here... Looking forward to the design.
I agree, it will help balance the sheer height of 432 Park along with 105 W57th in addition to lengthening the chain of tall buildings that (currently) ends at the Time Warner Center.
     
     
  #13  
Old Posted Dec 15, 2012, 4:12 PM
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Thanks for the summary Crawford. I'd be real happy with a Stern building here, his designs tend to be more old school which would be a good fit for the area.

Quote:
Originally Posted by Eidolon View Post
I agree, it will help balance the sheer height of 432 Park along with 105 W57th in addition to lengthening the chain of tall buildings that (currently) ends at the Time Warner Center.
Don't forget about 610 Lexington!
     
     
  #14  
Old Posted Dec 15, 2012, 4:58 PM
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This was a pleasant surprise when I first saw the thread...but now that I can see where it's going, all the better. Something with a crown-like top *would* be a nice contrast to the GM (705') and 9W57/Solow (689') duo.

Don't forget 250 W 57th either.

Last edited by JayPro; Dec 15, 2012 at 5:11 PM.
     
     
  #15  
Old Posted Feb 26, 2013, 8:06 AM
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70,000 square feet isn't that much, but it should be good for another 5-10 floors, depending on how slender the tower ends up being- and it's supposed to to be quite slender.
     
     
  #16  
Old Posted Feb 26, 2013, 10:28 AM
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There shouldn't be any additional floors. The air rights are part of the original plan.

(more from the article)

http://www.nytimes.com/2013/02/26/ny...ir-rights.html

$40 Million in Air Rights Will Let East Side Tower Soar






By CHARLES V. BAGLI
February 25, 2013


Quote:
The price of air in Manhattan apparently knows no bounds.

The developers William L. and Arthur W. Zeckendorf are paying a record $600 per square foot this week for unused development rights, sometimes called air rights, so that they can add floors to a planned ultraluxury tower on 60th Street in the old Silk Stocking District, according to real estate executives. The prior record for the cost of air rights was set only last fall when another developer snapped up rights from an adjacent parcel in Chelsea for $500 a square foot for a planned tower at 21st Street and 11th Avenue. Now the Zeckendorf brothers are topping that number by paying more than $40 million for 70,000 square feet of air rights from Christ Church, at the northwest corner of Park Avenue and 60th Street. Prices for the 30 apartments in the new 51-story building are expected to fetch upward of $8,000 a square foot, which would be $48 million for a 6,000-square-foot apartment.

“They’re building what I call a Viagra building: a tall slender tower with great views at a great location,” said Robert I. Shapiro, a real estate broker who specializes in these kind of deals. “What difference does it make if you pay $100 more per square foot if you’re selling condos at over $4,000 a square foot? But there aren’t many sites where you can do this.”

The Zeckendorf brothers built 15 Central Park West, one of the city’s most successful condominium buildings, which was designed by the architect Robert A. M. Stern, who will also design the new tower. New York is currently in the midst of a frenzied contest between two developers, Gary Barnett and Harry Macklowe, to build the tallest, most expensive residential building in North America, on 57th Street. “Height is where the profit is,” said Jonathan Miller, an appraiser. “There’s a premium for views and floor levels. The higher you go in a building, the higher the price you can get.”

Their transaction actually marks the revival of a deal first struck in 2005. The brothers then agreed to pay more than $37 million for air rights from Christ Church and the adjoining Grolier Club, which are on the east side of the Zeckendorfs’ development site. M. Myers Mermel, a real estate broker at TenantWise and a trustee of the church, represented both sellers. But for a variety of reasons, the deal with Christ Church never closed. After a contentious meeting of the club’s members, the Grolier Club concluded the sale in 2006. The new tower will cantilever over the club. Under the current deal, one executive briefed on the transaction said, the church will get about $30 million in cash and an assortment of other payments and several apartments in the new building that it can sell, bringing the total value to more than $40 million. The church plans to use the proceeds for a variety of programs.
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Last edited by NYguy; Feb 26, 2013 at 12:59 PM.
     
     
  #17  
Old Posted Feb 26, 2013, 11:34 PM
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With this tower the Zeckendorf's come almost full circle to where it all began, 515 Park Avenue, which was their first blockbuster attempt at a neo-historicist high rise. Albeit, this time on a higher level with Stern. These two towers will be visual bookends down Park Avenue.
     
     
  #18  
Old Posted Feb 28, 2013, 4:58 AM
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Hope this will look good next to
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http://en.wikipedia.org/wiki/The_Sherry-Netherland
     
     
  #19  
Old Posted May 31, 2013, 3:54 PM
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WOW! Can't wait for this to get built; the East Side counterpart to 99 Church.
     
     
  #20  
Old Posted May 31, 2013, 4:25 PM
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so the first 7 floors will be some form of commercial space? if so, that's fantastic replacement building, even though the street retail is obviously going vastly up-market.
     
     
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