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  #21  
Old Posted Feb 20, 2015, 11:35 PM
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With all this $$$ pouring in 5 Pointz never had a chance....
     
     
  #22  
Old Posted Feb 20, 2015, 11:41 PM
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Originally Posted by Submariner View Post
What is the reason for that barren empty space near the gotham tower?
That was another Tishman project (Gotham Center), multiple towers, I think part of it was supposed to be on this site. 2 Gotham Center was supposed to share a podium with 1 Gotham Center, which hasn't been built yet. Tishman has since sold that project to the partners they are working with now.





http://www.nydailynews.com/new-york/...ticle-1.330012


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Last edited by NYguy; Feb 20, 2015 at 11:52 PM.
     
     
  #23  
Old Posted Feb 24, 2015, 1:55 AM
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Another potential development site



Citigroup looks to sell massive LIC development site

Parcel offers nearly 800K buildable sf and could sell for $140M-plus

February 23, 2015
Mark Maurer

Quote:
Citigroup is offering the fee simple interest for a Long Island City Island development site just north of One Court Square that offers nearly 780,000 buildable square feet, The Real Deal has learned. The site could fetch north of $140 million, or roughly $180 per square foot, based on area land prices, according to sources familiar with the listing.

The 36,000-square-foot site spans half a city block, directly to the west of the CUNY School of Law at 2 Court Square, where Citigroup owns and occupies office space. The territory is bound by 44th Road, 44th Drive and 23rd Street, according to documents obtained by TRD. Several small unoccupied buildings currently occupy the site.

The C5-3 zoning is flexible and allows for residential, office, retail and hotel use
     
     
  #24  
Old Posted Feb 24, 2015, 2:52 AM
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Originally Posted by sparkling View Post
Another potential development site

That's a pretty sweet location for either office or residential space.


You can see placeholders for Tishman's towers here (left of center) though probably not as high as they should be...


Quote:
Originally Posted by PeterQM View Post
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  #25  
Old Posted Feb 25, 2015, 1:40 AM
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  #26  
Old Posted Feb 26, 2015, 2:42 AM
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L.I.C. is on fire. Even if half the proposals go through it will change the skyline of L.I.C. dramatically.
     
     
  #27  
Old Posted Feb 26, 2015, 2:48 PM
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Some really nice renderings at the site.

---------------------------

Renderings up at Tishman Speyer’s Long Island City project



Quote:
Recently, construction crews put up renderings at the 28-34 Jackson Avenue, 28-10 Jackson Avenue and 30-02 Queens Boulevard sites, which is part of Tishman Speyer’s plan to bring three large residential builds to Long Island City.1 Demolition finished late last year, and construction on the new project should wrap up in 2018, according to the rendering.2

Here are more details of the project from Queens Brownstoner:3

The project includes three towers: 28-34 Jackson Avenue, holding 658 units and 6,000 square feet of retail space, 28-10 Jackson Avenue, with 683 units and 3,000 square feet of retail space, and 30-02 Queens Boulevard, with 448 apartments and 6,500 square feet of retail. (1,789 apartments and 1.2 million square feet of new development in total!)




=================================
http://liccourtsquare.com/2015/02/25...-city-project/
     
     
  #28  
Old Posted Feb 26, 2015, 3:49 PM
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Originally Posted by chris08876 View Post
Some really nice renderings at the site.

---------------------------

Renderings up at Tishman Speyer’s Long Island City project



Basically the same as the massings we've seen on the DOB filings, though eventually they will have to provide detailed renders.



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  #29  
Old Posted Mar 5, 2015, 11:13 PM
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http://www.nytimes.com/2015/03/06/ny...s&emc=rss&_r=0

De Blasio and Developer Are Close, but Not on Lower-Cost Housing




Mayor Bill de Blasio, left, and Rob Speyer at the 2015 gala of the Real Estate Board of New York.




A residential project with three towers and 1,800 units in Long Island City, Queens, is being rushed toward completion by Tishman Speyer Properties. Credit


By CHARLES V. BAGLI
MARCH 5, 2015


Quote:
Unlike many of his more wary real estate brethren, Rob Speyer moved quickly to build a strong relationship with New York’s liberal mayor, Bill de Blasio, after his election in 2013.

The relationship flowered, and Mr. Speyer, whose company owns Rockefeller Center and operates on four continents, was a host at Mayor de Blasio’s birthday party at Gracie Mansion last May. At a real estate gathering five months later, Mr. de Blasio singled out Mr. Speyer, telling the 6,200 attendees that the developer was “tremendously civically oriented.”

While enjoying a close relationship, however, the two men do not seem to be on the same page when it comes to the pressing need for affordable housing in a city where rents are soaring beyond the grasp of the poor and middle class.

Mr. Speyer is racing to start work on an $875 million residential complex with three high-rises and nearly 1,800 apartments in Long Island City, a suddenly hot Queens neighborhood a short subway ride from Manhattan. He must begin the foundations by June 15 to qualify for a 15-year tax abatement worth about $200 million under a tax program known as 421-a that is intended to stimulate construction and generate affordable housing.

After mid-June, the program expires or could be renewed with regulations requiring developers to include a higher concentration of affordable housing. But under current rules, Mr. Speyer is one of six developers eligible for the subsidy without having to build a single low-cost unit, because of where their projects are. None of the other projects, though, is as big as Mr. Speyer’s.

If Mr. Speyer’s project, on Jackson Avenue near Queens Plaza, were in Manhattan or along stretches of the East River waterfront in Brooklyn and Queens, he would have to set aside 20 percent of the units for poor and moderate-income tenants.

“It’s a huge missed opportunity to create affordable housing,” said Benjamin Dulchin, executive director of the Association for Neighborhood and Housing Development, an advocacy group. “They’re getting an extra tax break for free. It’s unfortunate that the city hasn’t explored whatever leverage it has to get a public benefit.”

Mr. de Blasio has made the creation of 80,000 units of affordable housing a hallmark of his administration and has repeatedly said that developers must build low-cost apartments if they expect any help from the city.

Mr. Speyer, the chief executive of Tishman Speyer Properties, declined to comment, but Stephen Rubenstein, a spokesman for the developer, said the company was turning a largely vacant site into a vibrant neighborhood. “We believe this project will greatly add to the Long Island City community,” he said.

No one is suggesting that Mr. Speyer is doing anything underhanded or illegal, and city officials say they have little leverage because he needs no public approvals or reviews. Mr. Speyer, one official suggested, is doing what developers do: making as much money as they can.

Mr. de Blasio declined to comment, but Deputy Mayor Alicia Glen expressed disappointment over the situation.

“This isn’t our vision for the city,” she said. “This is, in fact, a great example of why we need to change the status quo. In many ways, it’s the most overt example of the need to think through the public benefits we get when the city and the state offer tax breaks.”

At least 30 developers, including major builders such as Bruce C. Ratner, Gary Barnett and Stephen M. Ross, are trying to meet the June 15 deadline to qualify for the tax abatement, though many of them would have to set aside 20 percent of their units and make them affordable to certain renters.

Housing advocates consider the 421-a program a boondoggle that gives generous tax breaks to developers and apartment owners for too little in return. The Real Estate Board of New York, the lobbying arm for the industry, says the program is necessary because New York has the country’s highest construction and land costs and taxes.

The program will end in June, unless it is renewed by the State Legislature, and the de Blasio administration has been meeting with developers, including Mr. Speyer, as chairman of the Real Estate Board, and housing advocates over plans to extend and overhaul the 44-year-old program.

The mayor has yet to reveal his intentions, but according to officials and real estate executives, the de Blasio administration would provide generous tax abatements only to developers who include a substantial block of affordable apartments in their projects.


“We are committed to supporting his mission of growing affordable housing,” Mr. Rubenstein said of the mayor, adding that Tishman Speyer was working on a number of potential projects that would include “significant affordable housing components.”

Mr. Speyer and his father, Jerry I. Speyer, the company chairman, are known in New York as civic leaders, art collectors and, mostly, commercial developers with a portfolio that includes the Chrysler and MetLife Buildings.

The Long Island City project would be the company’s first move into residential development in New York since 2010, when it lost control of Manhattan’s largest apartment complex, Stuyvesant Town-Peter Cooper Village.

Rob Speyer’s job as chairman of the Real Estate Board necessarily involves cultivating relationships with the mayor, the governor and lawmakers, all of whom govern land use, property taxes and subsidy programs for developers.

Mr. de Blasio reappointed Mr. Speyer chairman of the Mayor’s Fund to Advance New York City, the same position he held under Mayor Michael R. Bloomberg. Mr. Speyer was also co-chairman of a benefit for the Gracie Mansion Conservancy and was among the 10 co-chairmen of the host committee for the administration’s unsuccessful bid to bring the 2016 Democratic National Convention to Brooklyn.

But the relationship between the two men strengthened last March, according to executives who know them, after Mr. Speyer and the Real Estate Board quickly offered 40 apartments for tenants displaced from their East Harlem homes after a gas explosion leveled two buildings. As a result, the mayor was able to announce an ambitious recovery plan two days after the explosion.

The Speyers have owned land for over 10 years in Long Island City, a once-industrial neighborhood where the real-estate boom arrived only recently, despite the efforts of several mayors.

There are nearly 4,000 apartments under construction or in the planning stages, with an additional 11,527 units on the way in nearby Hunters Point, said Nancy Packes, a real estate consultant. Tishman Speyer plans to erect three towers on its Long Island City site, ranging from 33 to 53 stories, with a total of 1,789 apartments.

Tishman Speyer is also negotiating to buy air rights from the Metropolitan Transportation Authority for $9 million, which would enable the company to build an additional 75 apartments.


“We’ve had a huge population influx,” said Pat O’Brien, chairman of Community Board 2, which covers the area. “The infrastructure has yet to catch up. If all these things get built, we could wind up with 25 pounds of people in a five pound bag.”

Though city officials say they cannot compel Tishman Speyer to build affordable housing, critics say they do have some sway because of an agreement that the city and the developer have at a nearby site where Tishman Speyer built an office building for the health department.

Tishman Speyer was supposed to begin a second office tower there by January 2011, and has been paying an annual $1 million penalty for failure to do so.

The developer met recently with city officials to discuss incorporating far more profitable apartments, along with affordable units, into the office proposal. Housing advocates said the city could allow Tishman Speyer to do so, but only if the developer included affordable units in its plan for the three towers.


Ms. Glen, the deputy mayor, said, “No decisions have been made yet.
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  #30  
Old Posted Mar 5, 2015, 11:15 PM
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“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.
     
     
  #31  
Old Posted Mar 5, 2015, 11:32 PM
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Quote:
“We’ve had a huge population influx,” said Pat O’Brien, chairman of Community Board 2, which covers the area. “The infrastructure has yet to catch up. If all these things get built, we could wind up with 25 pounds of people in a five pound bag.”
Oh shut up. Why do community boards seem to only attract the most absurd NIMBY's?
     
     
  #32  
Old Posted Mar 5, 2015, 11:37 PM
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^^^^

Because they are places for the unemployed and old people on Cialis to go to and be pissed about everything in life. In this case, they direct their anger at developments. if you look at these meetings, always the same folks.

They always bring out some key arguments. Doesn't matter where it is, but its usually about transit, height, shadows, historical preservations, traffic, and noise. Usually, these keywords are uttered at these meetings and the corresponding tabloids that result after such congregations.

I wonder when they will get the hint that there efforts are futile and inane. This is a city, but again, the cholesterol and other medications they take clouds their memory, so they forget where they live.
     
     
  #33  
Old Posted Mar 6, 2015, 5:35 PM
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Quite a construction site:


Credit Nicole Bengiveno/The New York Times

This is getting close to moving from proposed to u/c.
     
     
  #34  
Old Posted Mar 6, 2015, 11:26 PM
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Originally Posted by chris08876 View Post
Quite a construction site:

This is getting close to moving from proposed to u/c.

Time is of the essence...


Quote:
He must begin the foundations by June 15 to qualify for a 15-year tax abatement worth about $200 million under a tax program known as 421-a
that is intended to stimulate construction and generate affordable housing.

...At least 30 developers, including major builders such as Bruce C. Ratner, Gary Barnett and Stephen M. Ross, are trying to meet the June 15 deadline
to qualify for the tax abatement, though many of them would have to set aside 20 percent of their units and make them affordable to certain renters.


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“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.
     
     
  #35  
Old Posted Mar 30, 2015, 11:16 AM
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Work begins at Tishman Speyer’s Long Island City project

March 30, 2015
CtSqLIC

Quote:
Roughly month after renderings were released at Tishman Speyer’s Long Island City project at 28-34 Jackson Avenue, 28-10 Jackson Avenue and 30-02 Queens Boulevard sites, construction crews began working the three large lots.1 As you can see in the photos below, the work is in the exacavation stage, pursuant to a series of permits that were approved by the Department of Buildings on Feb. 26.2 By 2018, there will be three large residential builds with ground floor retail.

Here are more details of the project from Queens Brownstoner:3

The project includes three towers: 28-34 Jackson Avenue, holding 658 units and 6,000 square feet of retail space, 28-10 Jackson Avenue, with 683 units and 3,000 square feet of retail space, and 30-02 Queens Boulevard, with 448 apartments and 6,500 square feet of retail. (1,789 apartments and 1.2 million square feet of new development in total!)




     
     
  #36  
Old Posted Mar 30, 2015, 5:50 PM
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They're racing against the clock, so that works in our favor. So excited for Queens right now.
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  #37  
Old Posted Mar 30, 2015, 10:37 PM
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I get giddy at the thought of the view of this project and the 77 story tower across the tracks going up on the skyline (not to mention the myriad other towers going up in LIC right now). LIC should have an epic skyline in 3 - 5 years.
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  #38  
Old Posted Apr 3, 2015, 10:45 PM
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  #39  
Old Posted Jul 25, 2015, 3:45 PM
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Rename: NEW YORK | Tishman LIC Towers | 590 + 504 + 374 FT | 53 + 44 + 33 FLOORS

Under Construction

Foundation work begins at Tishman Speyer’s Long Island City project

Posted on July 24, 2015 by CtSqLIC



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  #40  
Old Posted Aug 31, 2015, 5:47 AM
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