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  #61  
Old Posted Dec 4, 2013, 4:10 AM
sbarn sbarn is offline
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I took this photo in early November as they removed the remaining billboards.



Interestingly, the structure behind the billboards doubled as the building's fire escape. So while the building is in poor shape, it definitely has a lot of character. Like I said, not a massive architectural loss per se, but definitely should be replaced with something worthwhile. Not this crap box!
     
     
  #62  
Old Posted Dec 17, 2013, 11:42 AM
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http://nypost.com/2013/12/16/mima-to-get-big-treehaus/

By Steve Cuozzo
December 16, 2013


Quote:
One block north of the Visitors’ Center, meanwhile, scaffolding and black nets envelop 701 Seventh Ave. We’ve read at least 701 different descriptions of the planned joint venture at the northeast corner of the avenue and West 47th Street to be anchored by a Marriott Edition Hotel. But here are up-to-date data, courtesy of Manhattan Community Board 5.

The board last week voted 34-0 in favor of air rights transfers from two Broadway houses — the Booth at 222 W. 45th St. and the Plymouth at 236 W. 45th — to the project site, a joint venture of the Witkoff Group, Maefield Development, Infinity Urban Century and Vector Group unit New Valley.

The facts from CB5’s letter of endorsement to the City Planning Dept.:

- The air rights sales will add a total of 44,988 square feet of floor area to the new mixed-use building, enlarging it over the site’s permissible 16.8 FAR to a total of 269,892 square feet.

- The building will be “39-story plus mezzanine” and 500 feet tall.

- The hotel will have about 203,532 square feet; lower five floors will have about 66,360 square feet of retail. The frontage will include more than 12,700 square feet of illuminated signs.


Details remain in flux. No plans have been filed with the Dept. of Buildings, although pre-demolition work is in full swing.



Quote:
Originally Posted by sbarn View Post
Interestingly, the structure behind the billboards doubled as the building's fire escape. So while the building is in poor shape, it definitely has a lot of character. Like I said, not a massive architectural loss per se, but definitely should be replaced with something worthwhile. Not this crap box!
Like the hundreds of other older buildings in the area, it has a lot of "character". Sorry, I just don't buy it or that as a reason to leave it just standing there. Walk around Manhattan people. More often than not, this is the type of building you are going to see, not "crappy boxes".
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  #63  
Old Posted Dec 17, 2013, 8:52 PM
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^ Agreed.

There is nothing special architecturally about this building and honestly, it doesn't fit the character of Times Square. Now, you may hate the character of Times Square, but this building just doesn't "fit in." Would I love to see a magnificent super tall here? Sure. Would I love a great piece of design? Sure. Would it be nice if that G*d d**m resurfacing project finished up so some order could be restored? Sure. But right now, I don't see this building being a net negative (unless of course they give the job to Gene Kauffman or another fellow blind American).
     
     
  #64  
Old Posted Dec 23, 2013, 6:05 AM
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Old Times Square is gone.





     
     
  #65  
Old Posted Jan 16, 2014, 12:07 AM
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Second Edition hotel announced for NYC

2nd Edition hotel announced for NYC

http://www.hotelsmag.com/Industry/News/Details/47531

By Nathan Greenhalgh on 1/15/2014

Marriott International confirmed on Wednesday plans to open an Edition-branded 452-room hotel in New York City as part of a mixed-use development at 701 Seventh Avenue in Manhattan.

Scheduled to open in 2017, the Times Square Edition will be the second hotel for the brand in the city, with the first Edition for New York set to open in 2015 at the Clock Tower building at 5 Madison Avenue. Marriott signed a long-term management agreement for the Times Square Edition.

Starwood Property Trust and iStar Financial provided to the ownership group of The Witkoff Group, Winthrop Realty Trust New Valley LLC and Maefield Development an US$815 million construction loan for the mixed-use project, which includes the hotel and retail space. In addition, Starwood Property Trust and Starwood Capital Group Global and its affiliates have an equity interest in the transaction. Law firm Kasowitz's real estate group represented the borrower in the acquisition of the construction loan. As additional collateral for the loan, Marriott International, Bethesda, Maryland, has agreed to provide the lenders with the right (upon an uncured event of default under the loan agreement) to require Marriott to purchase the hotel component of the property during the first two years after opening for US$314.6 million (US$696,000 per room).

“New York is one of the most important destinations in the world, and we are delighted to have secured yet another iconic Manhattan location for our second Edition hotel in the city,” said Arne Sorenson, Marriott’s president and chief executive officer. “Following the hugely successful opening of The London Edition last year, we couldn’t be more excited about the potential for this brand.”
The news comes just a week after Marriott International sold the London Edition and signed binding agreements for the sale of the Clock Tower building and the Edition planned for Miami Beach for US$815 million.
     
     
  #66  
Old Posted Jan 16, 2014, 12:26 AM
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A few more pics taken last month....















And for people who worry that somehow Manhattan won't have enough older buildings, get out and look around...it's what Manhattan is.






























Old and new...


only lines
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  #67  
Old Posted Jan 16, 2014, 7:37 AM
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The most entertaining thing about that post NYGuy is that not only is that true of Manhattan all over (that the number of stone and brick buildings still outnumbers those of glass and concrete), but that most of those pictures were taken in the Garment District, am I right? This area is literally all the blocks directly south of 42nd Street, immediately beneath Times Square on a map.

Not that the Garment District couldn't stand to be livened up a little...
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  #68  
Old Posted Jan 16, 2014, 10:03 AM
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I would love to see the garment district gentrified...not torn down at replaced by glass monoliths but rather get a treatment on the street wall. Theres just no vibrancy on the sidewalk, nothing to keep you there...
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  #69  
Old Posted Jan 17, 2014, 3:30 AM
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Quote:
Originally Posted by NYguy View Post
And for people who worry that somehow Manhattan won't have enough older buildings, get out and look around...it's what Manhattan is.
My gripe has less to do with the loss of a building with fair amount of character - and more to do with its vapid replacement. Such a prominent corner deserves better architecture.
     
     
  #70  
Old Posted Jan 17, 2014, 4:18 AM
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I hate to say this, but what use is a building with character if its covered with billboards anyway?
     
     
  #71  
Old Posted Jan 17, 2014, 4:29 AM
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Because it doesn't have to be covered up. Just look at how classy and beautiful the Paramount building a few blocks to the south is:


http://www.cpexecutive.com/regions/m...ount-building/

It is every bit deserving to be in Times Square but not a square inch of billboard is necessary or used.
     
     
  #72  
Old Posted Jan 17, 2014, 4:39 AM
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Originally Posted by antinimby View Post
It is every bit deserving to be in Times Square but not a square inch of billboard is necessary or used.
It's only because the owners can't add additional billboards. The property is landmarked.

Times Square is about billboards. Complaining about billboards on non-landmarked buildings is totally missing the point of the district.
     
     
  #73  
Old Posted Jan 17, 2014, 4:43 AM
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No one is complaining about billboards. Try to follow the discussion.
     
     
  #74  
Old Posted Jan 17, 2014, 4:47 AM
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Quote:
Originally Posted by antinimby View Post
No one is complaining about billboards. Try to follow the discussion.
"I hate to say this, but what use is a building with character if its covered with billboards anyway?"

I think I'm following the discussion just fine, thank you.
     
     
  #75  
Old Posted Jan 21, 2014, 10:37 AM
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This is Times Square.







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  #76  
Old Posted Jan 21, 2014, 11:05 AM
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That is an improvement over the previously shown design.

Maybe all the complaints worked?
     
     
  #77  
Old Posted Jan 21, 2014, 3:41 PM
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Quote:
Originally Posted by antinimby View Post
That is an improvement over the previously shown design.

Maybe all the complaints worked?

I don't know if the previous design was anything final. But this is definitely a lot better.



http://nypost.com/2014/01/20/marriot...s-new-edition/

Marriott brings Schrager’s vision to Times Square’s new ‘Edition’





By Steve Cuozzo
January 20, 2014


Quote:
The new Marriott Edition Hotel will bring the creative genius of Ian Schrager back to the Times Square area for the first time in years, after his earlier Paramount and Royalton hotels were unrecognizably altered by new owners.

But it’s taken a herculean joint venture involving some formidable dealmakers to set the stage for him — as is clear from the recent news of final plans for the Times Square Edition hotel at 701 Seventh Ave.

Last week’s official announcement might seem anticlimactic after two years of coverage. But it revealed much that’s new about the project at an iconic Midtown corner — an exquisitely complex collaboration involving a remarkable cast of characters including Steven Witkoff, Marriott International Chairman J.W. Marriott Sr. and CEO Arne Sorenson, Howard Lorber, Ian Schrager and Barry Sternlicht.

Among the new features: fewer guest rooms and much more retail space than was previously known, a requirement for Marriott to buy the project’s hotel portion from the developers in event of a default, and the withdrawal of a former major investor.

Since preliminary plans for the mixed-use tower were first announced in October 2012, numerous details have changed several times. Nothing unusual about that for a venture involving so many participants, public and private companies and requiring air-rights transfers from Broadway’s Booth and Plymouth theaters.

But the twists and turns are worth following, because the 39-story tower will bring epic change to Times Square’s north end. It will rise on the northeast corner of Seventh Avenue at 47th Street, at the top of the “bow-tie” and across the street from 2 Times Square with its famous Coca-Cola sign. The rendering on this page shows the entire tower, crowned by the Edition sign, for the first time.

It will be Manhattan’s second Edition, following the planned completion of the first in 2015 at the landmarked Clock Tower at 5 Madison Ave. The “luxury lifestyle” Edition brand, which boutique-hotel wizard Schrager is creating in collaboration with Marriott, was conceived as Marriott’s answer to competitors attuned to younger, hipper clientele — especially Starwood Hotels and Resorts’ W line.

The Times Square Edition’s joint-venture developers are The Witkoff Group, Winthrop Realty Trust, Lorber’s New Valley LLC and Mark Siffin’s Maefield Development.

Marriott International will manage the hotel under a long-term agreement. When opened in 2017, it will have 452 guest rooms (previous reports: 500); 100,000 square feet of retail, dining, entertainment and event space (previous: 66,360 square feet); and a huge, 18,000 square-foot high-def LED sign wrapping around the corner (previous: 12,700 square feet).

Sternlicht’s Starwood Property Trust and iStar Financial provided a $815 million construction loan, and Sternlicht’s Starwood Property Trust and Starwood Capital Group Global have an equity interest in the transaction, the venture partners said.


As additional loan collateral at 701 Seventh Ave., Marriott “has agreed to provide the lenders with the right [in event of default] to require Marriott to purchase the hotel component … during the first two years after opening for $314.6 million,” or $696,000 per room.

As Lodging Advisors analyst/consultant Sean Hennessey explained, the so-called “put” clause” protects the developers, who “can maintain ownership if the hotel is successful,” but can “force Marriott to buy it [at cost] if not.”

A failure would seem highly unlikely given Marriott’s track record and the city’s booming hotel market. But the “put” made it easier to finance the project because the lender doesn’t have to underwrite the hotel, “since a quality operator, Marriott, is on the hook for the cost of the hotel,” Hennessey explained.

Once home to tourist magnets Sbarro’s, Tad’s Steaks and Pig & Whistle, they’re now wrapped in black netting to prepare for demolition — and a new wave of higher-spending visitors three years from now.
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  #78  
Old Posted Jan 21, 2014, 7:53 PM
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Quote:
Originally Posted by antinimby View Post
That is an improvement over the previously shown design.

Maybe all the complaints worked?
I agree the new rendering is a vast improvement over the old one. I also like the crown on this one.
     
     
  #79  
Old Posted Jan 21, 2014, 8:52 PM
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That shade of grey looks very good on this building.
     
     
  #80  
Old Posted Jan 21, 2014, 9:06 PM
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Originally Posted by Eveningsong View Post
That shade of grey looks very good on this building.
Something we don't have a lot of, though I don't want to see anything else like the NY Times tower, it looks better in glass. But we'll have to see what it looks like when it gets built.
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