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  #141  
Old Posted Nov 16, 2012, 4:40 PM
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Originally Posted by JayPro View Post
I thought we've already gone thru the whole design process and selection magilla.

How is this a template? What needs to be noodled around with?

Regards; Confused.
Levinson said they weren't just looking for a design, but for an architect. The firms got to show what they could do with the site as is. Now they will work together on the finished project.


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Mr. Levinson added, “We are looking forward to beginning a process in which we translate Foster’s brilliant concept into a modern tower which offers its inhabitants the most functional and environmentally-sustainable work environment imaginable while also addressing the public realm in a way that hasn’t been accomplished in many years.”
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  #142  
Old Posted Dec 24, 2012, 11:52 AM
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http://www.businessweek.com/news/201...k-avenue-tower

Sky Gardens Add Drama to $750 Million Park Avenue Tower




A view from east Midtown looking west to the proposed 425 Park Avenue, showing office floors wrapping elevator towers.
Bladelike forms rise from the roof to give the building a distinctive silhouette. It's the first major building on Park Avenue in decades.



By James S. Russell
December 24, 2012


Quote:
The office tower proposed for 425 Park Avenue by the London architecture firm Foster & Partners injects some desperately needed life into the Manhattan commercial high-rise. The $750 million design features diagonal sinews of steel that suspend blocks of glass-clad floors above two lushly gardened terraces.

Skyscrapers were once the crucible of U.S. architectural and engineering innovation. Nowadays you find towers with urbane forms and innovative engineering in support of evolving work processes mainly in Europe and Asia. New York tenants wonder why they pay so much for dreary boxes intended for idea-killing cube farms.

The Park Avenue tower rises from a monumental covered plaza to two setbacks, where the 42-foot-high garden levels expose those massive, dramatic building supports. The top two floors of the tower, tentatively planned to rise 49 stories, form a glass- roofed garden. Elevator shafts morph into glowing blades that slice the sky above the roof. Gardens in skyscrapers aren’t just a romantic idea, they are a reflection of the evolving nature of work, according to David Levinson, chairman and CEO of L&L Holding Co. L&L has partnered with Lehman Brothers Holdings Inc. “People need to work together and collaborate differently,” he said.

The airy garden floors -- each with bars, lounges and a rentable mezzanine suspended within -- will host formal meetings and informal gatherings where people can hone new ideas and relationships. Planted outdoor terraces will offer views through nearby skyscrapers. Levinson, who met me in L&L’s light-filled midtown offices wearing a villain’s beard and impeccable blue shirt, wants to attract hedge funds and other financial firms comfortable with floors as large as 29,600 square feet or as small as 13,250 square feet. The largest, lower floors reach a spectacular 22 feet in height, thanks to a zoning quirk that rewards the developers for encasing alternate floors of the obsolete 1957 building that today occupies the site.

425 Park reveals potential pitfalls in the new zoning proposed by New York City’s Department of City Planning. The plan intends to keep Midtown competitive by promoting larger and more innovative buildings in the blocks extending north and east of Grand Central Terminal. Buildings could be as much as twice as large as the base zoning permitted today if they offer distinctive, publicly amenable architecture. 425 Park is certainly distinctive. It engages the zoning’s aspiration to make more room for pedestrians with a 50-foot-high covered entry plaza, but I fear the space will appeal only on summer’s most searing days. Because of its unusually lofty ceilings, 425 Park will loom much higher over Park Avenue than an older building of the same square footage.

The wide boulevard can handle the behemoth scale, but it will plunge the mid-block deeper into shadow. And that includes some lower, beefier older buildings of high architectural value. Levinson’s tower can’t take advantage of the planned zoning because of its 2015 completion, but a qualifying building on its site could rise almost as high as the Chrysler building, according to my calculations. If they are relatively slim, as 425 Park is, and they are limited in number (as the zoning intends), very tall buildings needn’t wreck the scale of the streetscape. However, the street is not all that matters. Midtown needs more light and fresh air, not less.
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  #143  
Old Posted Dec 24, 2012, 2:49 PM
DURKEY427 DURKEY427 is offline
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Im looking forward to this one
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  #144  
Old Posted Dec 24, 2012, 5:24 PM
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Heh, I think the 'pitfalls' mentioned are a bit of a stretch. Mid-block buildings are not meant to be showcased. And as far as the canopy plaza goes, its success during any season will depend on what it will offer to pedestrians.
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  #145  
Old Posted Feb 19, 2013, 3:37 PM
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Lehman to sell its majority stake in 425 Park Avenue

Eastdil Secured to handle sale
February 19, 2013 09:00AM



"Lehman Brothers is looking to sell its 90 percent stake in 425 Park Avenue, the Wall Street Journal reported.

The 31-story, 567,340-square-foot building, located in Midtown East, is slated to be demolished and replaced with a 650,000-square-foot Norman Foster-designed office tower being developed by L&L Holdings, which owns the remaining 10 percent stake in the current building..."
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  #146  
Old Posted Mar 13, 2013, 11:45 AM
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http://www.nypost.com/p/news/busines...yiLTmEmnzl24tO

By LOIS WEISS
March 13, 2013


Quote:
It would be easier to tear it all down and rebuild, but the city previously downzoned areas of Manhattan. So if a building is completely torn down, the owner loses the ability to construct the same amount of space.

Levinson said this is also an issue at 425 Park Ave., where they are negotiating with city officials for the reinvented building to cantilever over an open plaza, where he foresees art exhibitions.

Current zoning calls for retail stores and a straight up 85-foot streetwall before setbacks can be taken to the façade.

“The city wants retail,” said Levinson, who would like to avoid adding stores even though that income would be twice what he would get for top-of-tower office floors.

The current plan is to leave 25 percent of the building in place so as to rebuild as of right, but Levinson is upset that the city now wants them to “pay” for the “overbuilt portion” — that is, the 3-FAR that is over the current allowed 15-FAR.
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  #147  
Old Posted Mar 13, 2013, 7:54 PM
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http://www.rew-online.com/2013/03/13...-office-tower/

Full steam ahead for L&L’s ‘close to perfect’ office tower

By Sarah Trefethen
March 13, 2013

Quote:
A proposal to rezone Midtown East and allow new high-rise office construction is winding its way through the city bureaucracy, but David Levinson isn’t waiting. Levinson’s L&L Holdings plans to break ground in 2015 on a new Class A office tower at 425 Park Avenue — the first new construction project on Park Avenue in decades.

If the building were available for lease today, office space on the upper floors would likely command rents of $165 psf, Levinson told the members of the Young Men and Women’s Real Estate Association at its monthly luncheon yesterday (Tuesday).

“This is going to be the most remarkable building that we see built in midtown in our lifetime,” he said. L&L is still working with the city to secure approval for the design, which is 687 feet tall and suspended 50 feet off the ground, the first floor hovering above a public plaza.

Sacrificing ground-floor retail in exchange for additional square footage with Central Park Views on the upper stories also adds to the building’s civic character, Levinson said. “Civic responsibility is important at L&L,” he said. Looking after the public realm, he said, “increases the prestige of building, and that will keep it fully rented at extremely high rents.”

At 650,000 s/f, Levinson described the planned tower as a “bespoke office building,” and expressed little concern about securing tenants.

The design features column-free floor plates and an external core, designed with today’s open-plan offices of densely clustered workspaces in mind.

“I don’t know what perfect is in terms of efficiency, but this is as close to perfect as I’ve ever seen,” he said, showing a slide of a sample floor plan.

Two of the floors, at points where the tower narrows, will be “amenities” floors, Levinson said, with outdoor and indoor space for people to meet and collaborate. One floor will most likely be leased to a single tenant, and the other will be available to the remaining tenants, he said.
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  #148  
Old Posted Mar 13, 2013, 7:59 PM
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LOL. This will be unnoticeable once the re-zoning goes through and real projects begin breaking ground.

"the most remarkable building that we see built in midtown in our lifetime"??? apparently he hasn't seen the plans for 432 Park across the street, and he's certainly ignorant of 225W57th... and One57... and Torre Verre... ugh, this project is ridiculous.
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  #149  
Old Posted Mar 13, 2013, 8:14 PM
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Originally Posted by babybackribs2314 View Post
LOL. This will be unnoticeable once the re-zoning goes through and real projects begin breaking ground.
I don't think it will be unnoticeable. It's not always about the height. A good, quality design on prime Park Avenue space, it will go down as the first new office tower there in decades. That alone will put it in the history books. But I fully expect this one to be in the skyscraper books as well.
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  #150  
Old Posted Mar 13, 2013, 9:31 PM
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Quote:
“This is going to be the most remarkable building that we see built in midtown in our lifetime,”
Somehow I doubt this. Not because it's an unremarkable building, but because I know there's bigger and better stuff to come.
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  #151  
Old Posted Mar 13, 2013, 10:19 PM
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Dude is smoking crack. This building is far from "remarkable". It is a building of average height and average design.

Now, the inside details and efficiency may be another story....
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  #152  
Old Posted Mar 14, 2013, 12:38 AM
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By today's standards, I think it will be a remarkable building. There's hardly anything built comparible to it in Manhattan today. Average skyscrapers clutter Midtown, but this will hardly be one of them.

Wasn't my favorite of the proposals, but not just another drop in the pond.


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  #153  
Old Posted Mar 14, 2013, 2:03 AM
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I just noticed how close to 432P this is going to be, and thus not make it look so out-of-place heightwise till Nordstrom gets going.

IIRC The Koolhaas submission was IMO shockingly good and was my runner-up. Rogers simply phoned it in.
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  #154  
Old Posted Mar 14, 2013, 2:13 AM
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But I really would like to see that proposal - either version - built somewhere, even outside of New York.
I do believe--apropos to this statement--that Ms. Hadid is being considered for what IIRC is a 775' tower in Miami. A thread for it exists in the overall Proposals subforum. Plus, IIRC she offered a supertall proposal for Downtown NYC, too. I can't remember the full details.

Edit: Her proposal is actually only 700'; but it occupies a nice spot in the skyline down there. The other poject was for an old study proposal called SkyVoid, which she had nothing to do with.

Last edited by JayPro; Mar 26, 2013 at 3:29 AM.
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  #155  
Old Posted Mar 26, 2013, 2:56 AM
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This is definitely a tower I look forward to see rise on Park Avenue.
I strongly agree with NYguy that this project is not about height.

As for the design, we are going to have a winner with Norman Foster at the helm.
425 Park Avenue Official Site
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  #156  
Old Posted Mar 26, 2013, 4:55 AM
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This building somehow looks like Wolverine's claws.
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  #157  
Old Posted Apr 19, 2013, 8:19 PM
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This tower is intended to grab your attention!
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  #158  
Old Posted Apr 24, 2013, 11:16 PM
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April 4, 2013


















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  #159  
Old Posted Aug 1, 2013, 9:37 PM
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http://observer.com/2013/08/upfront-...east-rezoning/

Upfront Transit Money Sways Scott Stringer on Midtown East Rezoning


August 1, 2013
By Stephen Jacob Smith



Quote:
...Finally, buried as the last condition for Mr. Stringer’s endorsement is a provision that appears geared specifically for L&L Holding Company, a developer seeking to rebuild an office tower on Park Avenue.

The $750 million Norman Foster-designed project, called 425 Park Avenue, was up until now going to use a loophole that would allow it to rebuild the structure to its current square footage, so long as they keep 25 percent of the build square footage intact (normally it wouldn’t be allowed, as it’s overbuilt according to the current zoning).

But Mr. Stringer wants smaller buildings (code for 425 Park) to be able to rise before the 2017 sunrise provision is set to kicks in, in exchange for paying into the DIB fund, which is something that L&L wouldn’t have to do if it used the rebuilding loophole. If Mr. Stringer’s Midtown East proposals are enacted, L&L also wouldn’t have to leave 25 percent of the building intact, giving it more flexibility when it comes to floor plates and ceiling heights on the lower floors.
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  #160  
Old Posted Aug 1, 2013, 10:01 PM
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Duhhhhhhhhhhh. No way they were going to lose out on all those air rights.
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