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  #81  
Old Posted Aug 29, 2012, 1:19 PM
sbarn sbarn is offline
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Walked nearby yesterday, lots of shrouding going on over at 220 Central Park South.


(photo by me)
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  #82  
Old Posted Aug 31, 2012, 5:39 AM
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^ Makes it that more visible on the skyline....


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  #83  
Old Posted Sep 20, 2012, 9:55 PM
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http://blogs.wsj.com/metropolis/2012...truction-site/

Woman Injured By Truck at Manhattan Construction Site





September 20, 2012
By Eliot Brown

Quote:
A woman was seriously injured by a construction truck Thursday afternoon next to a high-profile Midtown development site.

A truck doing work at 220 Central Park South–a building under demolition that’s the subject of a contested fight between two of the city’s most powerful developers–struck a pedestrian on 58th Street, pinning her under the truck, a New York Fire Department spokesman said. The fire department removed the woman, who was taken to New York Presbyterian Hospital, the spokesman said. Her name wasn’t released, and the investigation is ongoing.

The property, which runs through the full block between 58th Street and Central Park South, is considered one of the best development sites in the city given its park-side location and has been closely watched in the real estate industry.

Its owner, Vornado Realty Trust, recently began demolishing the former rental apartment building to make way for a luxury apartment tower. That ignited a fight with a rival developer, Extell Development, which controls the rights to the parking garage in the building’s basement and has resisted offers from Vornado to leave the property.

Extell, in turn, owns a neighboring property and also has been planning a tower of its own a block to the south. The developer likely is concerned about how the Vornado tower may affect views of the park from its own sites.
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  #84  
Old Posted Oct 11, 2012, 12:32 PM
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http://afinecompany.blogspot.fi/2012...rcle-east.html
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Across the street on the north side of 58th Street the back tower of once and future 220 CPS has completed demolition, a couple of next door buildings are coming down (219 and 221 West 58th), and work has begun on the demolition of the front tower of 220 CPS that faces CPS. They are laying waste to the whole area! 220 CPS has been subject to a battle between Extell Development that owns (owned?) the garage space and Vornado that owns everything else. Last we heard from any source was that Extell was taking Vornado to court, but some settlement surely must have been worked out, as the only thing that is coming out of that garage at this point is a bobcat moving debris.
Would be great if 220 CPS could start construction in time to join all the other construction going on around Central Park. That area will be home to a forest of cranes in the very near future.
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  #85  
Old Posted Oct 11, 2012, 9:12 PM
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Originally Posted by Eidolon View Post
Would be great if 220 CPS could start construction in time to join all the other construction going on around Central Park. That area will be home to a forest of cranes in the very near future.
There would have to be some deal made with Gary Barnett of Extell. I walked by the site earlier today, and the building is almost down. Barnett may want to delay this until his own tower gets off the ground. Vornado seems to be pushing the point, but expect Extell to get something out of it.

Quote:
"They take away our clients, they empty out the building, and then say, 'You're in violation because you have an empty building,'" Gary Barnett, Extell's president, said when reached by phone Friday, expressing confidence he would prevail. "We have a valid lease for the next six years, and we don't think that any court in New York City is going to allow a landlord to throw us out and treat us unfairly."
We'll see how it all turns out, but we could see 225 rising while this thing drags out in court.
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  #86  
Old Posted Dec 4, 2012, 7:38 PM
yankeesfan1000 yankeesfan1000 is offline
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Pretty sure this is 220 CPS. Anyways, almost down. Photo's mine.

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  #87  
Old Posted Dec 4, 2012, 8:43 PM
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Wink

All the better for us to see the Nordstrom tower rise...
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  #88  
Old Posted Jan 7, 2013, 4:02 PM
babybackribs2314 babybackribs2314 is offline
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This is almost gone. Can't wait for the new tower!

220 Central Park South Demo Update

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  #89  
Old Posted Jan 7, 2013, 4:27 PM
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Originally Posted by babybackribs2314 View Post
This is almost gone. Can't wait for the new tower!
Unfortunately, it'll be about a 5 year wait, unless Vornado and Extell can come to an agreement.
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  #90  
Old Posted Jan 7, 2013, 4:34 PM
babybackribs2314 babybackribs2314 is offline
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Originally Posted by NYguy View Post
Unfortunately, it'll be about a 5 year wait, unless Vornado and Extell can come to an agreement.
I would think it would be in the best interest of both to come to some sort of agreement. In the end, I suppose the tenants at 225W57th will have to deal with the loss of their views just like those owning at One57, except in this instance it won't be the same company blocking views from its other towers... (if that makes sense)

The lot arrangements along 58th Street are so discombobulated... they should just swap & get it over with.
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  #91  
Old Posted Jan 7, 2013, 4:44 PM
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Who's losing their view at One57, unless you're talking about views west, but that building's all about park views, so that makes little difference.

And why would Extell give up the parking garage? So that a competitor can build a building courting the same clientele? A building which will block a significant amount of 225's views? And a building that would probably be designed with that specific purpose in mind?

Extell's not giving up the parking garage, unless Vornado totally blows them away with an offer. They have no reason to.
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  #92  
Old Posted Jan 7, 2013, 4:48 PM
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Originally Posted by yankeesfan1000 View Post
Who's losing their view at One57, unless you're talking about views west, but that building's all about park views, so that makes little difference.

And why would Extell give up the parking garage? So that a competitor can build a building courting the same clientele? A building which will block a significant amount of 225's views? And a building that would probably be designed with that specific purpose in mind?

Extell's not giving up the parking garage, unless Vornado totally blows them away with an offer. They have no reason to.
I was talking about western views. Not that significant, but the upper floors of One57 have unobstructed views of the Hudson... that won't be the case after 225 W57th is finished. Personally, I care more for river views than park views, but obviously that's a subjective opinion.

Giving up the garage (with conditions) could allow Extell to have a say in the design of 220 CPS, although that would seem unlikely. Don't forget that Extell owns one of the lots behind 220 CPS on 58th Street, where permits for a ~20 story building were filed.

Buyers at 225W57th won't be plunking down tens of millions for apartments without scoping out the area, so resolving the dispute would be in everyone's best interest... although most of the buyers at 225 W57th probably won't even live there so I can't imagine the loss of their park views will be distressing besides from an investment perspective. I wonder how much value will be lost with the obstruction of a unit's park view--I would guess 25-30%.
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  #93  
Old Posted Jan 7, 2013, 5:14 PM
yankeesfan1000 yankeesfan1000 is offline
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Yeah, unless Extell basically has final say in the design, I don't see them handing over the garage. A building here would block tens of millions of dollars worth of apartments in 225, so unless Extell plans a hotel, where views aren't as important, for the section of 225 that would have their park views blocked by this, I don't see Extell giving the garage up.
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  #94  
Old Posted Jan 10, 2013, 4:19 PM
Barbarossa Barbarossa is offline
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Originally Posted by NYguy View Post
Unfortunately, it'll be about a 5 year wait, unless Vornado and Extell can come to an agreement.
So now there is going to be a weed and rubble strewn gaping hole in the street-cape for half a decade? Density lost for nothing. How are you not mad about that?
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  #95  
Old Posted Jan 10, 2013, 5:00 PM
Crawford Crawford is offline
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Originally Posted by Barbarossa View Post
So now there is going to be a weed and rubble strewn gaping hole in the street-cape for half a decade? Density lost for nothing. How are you not mad about that?
We don't know if there will be any wait.

Extell says they can't legally take posession, so if they're right, there may be a wait.

But Vornado says the opposite. They say they can begin construction, without consent from Extell, because they have the lease rights.

If I had to guess, I would probably side with Vornado, because why would they demolish everything and begin the marketing process for the condos if they knew they had to wait?

But who knows. Maybe a court will have to decide.
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  #96  
Old Posted Jan 10, 2013, 6:05 PM
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Originally Posted by Barbarossa View Post
So now there is going to be a weed and rubble strewn gaping hole in the street-cape for half a decade? Density lost for nothing. How are you not mad about that?
Because for one, whatever is there won't be visible and behind a barrier. It'll be accross the street from construction of what will basically be the city's tallest tower. That open site will be welcome, given the amount of closed off space as a result. In fact, it will offer greater views of the Nordstrom tower rising. It's actually common for sites to sit vacant before construction begins in New York.

As far as Extell having a say in the design, Vornado is in it for the money, and they've already stated they expect to make a pretty good amount with this property. I doubt they would let Extell have a say in anything, just to make them more comfortable. Vornado has a site directly over the park, and waiting a few years won't make it any less valuable. They've already shown a willingness to wait it out in Manhattan. In fact, they've let an entire city block of Manhattan sit.
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  #97  
Old Posted Jan 10, 2013, 6:11 PM
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Man, the building they tore down was ugly as hell, glad they are replacing it.
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  #98  
Old Posted Jan 29, 2013, 9:56 PM
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Any news on a render
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  #99  
Old Posted Oct 3, 2013, 11:27 PM
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http://therealdeal.com/blog/2013/10/...al-park-south/

Vornado, Extell bury hatchet at 220 Central Park South





October 03, 2013
Julie Strickland


Quote:
Vornado Realty Trust and Extell Development appear to have buried the hatchet in their feud over side-by-side development lots between West 57th Street and Central Park South, and Seventh Avenue and Broadway.

Vornado’s 220 Central Park South should therefore sprout soon, just behind Extell’s tower at 225 West 57th Street, a source in the know told Michael Gross, who reported the news on his blog.

“They made a deal,” the source told Gross, who then dispatched fellow bloggers to investigate the underground parking garage leased by Extell beneath Vornado’s property, reportedly the reason for the 220 Central Park South delay. They found the lot locked and empty, and a watchman behind the date confirmed to Gross that the spot has closed for good and will soon be no more.

Vornado, with plans to demolish and replace 220 Central Park South with a 41-story, $400 million condominium tower, agreed to pay $40 million to buy out 26 rent-regulated tenants in the building in December 2010. But Extell’s Gary Barnett, with six years left on a garage lease beneath the building, doubled down. Vornado retaliated with a $200 fine to Extell for the garage not being used primarily for residents, as was required.

Vornado is hiring Robert Stern of 15 Central Park West fame to design the new condo — a source told the blog the choice is “99 percent sure.”



http://mgross.com/gripebox/vornado-a...pad-exclusive/

Vornado and Extell: A done deal…and now, a race to the sky?

by Michael Gross
October 3rd, 2013


Quote:
The mega-tiff between mega-builders Vornado and Extell over two almost-kissing development lots between West 57th Street and Central Park South, and Seventh Avenue and Broadway, has ended, and Vornado’s 220 Central Park South should start climbing soon, only a tad behind Extell’s Nordstrom tower.

So says a source in a position to know, who reports, “They made a deal.” Not one to trust, this blog just paid a visit to the underground parking garage leased by Extell beneath Vornado’s property–reportedly the cause of the delay at 220CPS–and found it locked and empty, and the watchman on duty behind its gate confirmed that it has closed and will soon be a goner.

Vornado has not yet responded to a request for comment. My source also confirmed–well, nearly–Gripepad’s report from May 2012 that Vornado is hiring Fifteen Central Park West architect Robert A.M. Stern to design its new condo–”It’s 99% sure”–and added one more tid-bit for now. “They’re going pretty high,” the source says. Which means war, at least for the Central Park views developers covet along the new Billionaire’s Belt. Until today, Extell (whose plans were first revealed here this week) had the view corridor to itself. Now? Advantage Vornado.
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Last edited by NYguy; Oct 3, 2013 at 11:40 PM.
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  #100  
Old Posted Oct 4, 2013, 1:24 AM
wilfredo267 wilfredo267 is offline
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How tall can they go with this site?
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