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  #41  
Old Posted Apr 21, 2015, 4:54 PM
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750' is nice for the area, I hope the design is killer.
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  #42  
Old Posted Apr 21, 2015, 11:39 PM
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Construction firm Lend Lease, which has worked on building the city's tallest condo towers at One57 and 432 Park Ave., now owns a piece of a proposed condo project on Fifth Avenue.

The company has purchased a stake in a 750-foot spire planned at 281 Fifth Ave. on the corner of East 30th Street. It will co-develop the project with real estate investment firm Victor Group, which bought the development site earlier this year.

I hate it when they refer to every skyscraper as a "spire". Anyway, who knows what the 750 ft means, but it's as good as any for now.
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  #43  
Old Posted Apr 21, 2015, 11:43 PM
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Originally Posted by NYguy View Post
I hate it when they refer to every skyscraper as a "spire". Anyway, who knows what the 750 ft means, but it's as good as any for now.
Maybe it's really really skinny...

It's probably an estimation (the 750' figure) and I hope it's a little taller because NY already has a ridiculous number of buildings in that height range.

I'd say an 850-900 foot building would complement ESB really well from this location.
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  #44  
Old Posted May 1, 2015, 6:28 PM
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For not, it's at 705 ft...

http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=01

Quote:
05/01/2015

Building Height (ft.): 705
Building Stories: 52
Dwelling Units: 141
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  #45  
Old Posted May 4, 2015, 3:24 PM
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Permits Filed

REBECCA BAIRD-REMBA
MAY 4, 2015

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281 Fifth Avenue, massing diagrams from EB-5 presentation

In December, YIMBY revealed plans and possible renderings for a 51-story tower at 281 Fifth Avenue, and now permits have been filed for the high-rise condo development at the corner of 30th Street.

Plans call for a tower rising 52 stories and 705 feet into the air, designed by Rafael Viñoly. The building will incorporate 141 units split across 209,087 square feet of residential space, for a spacious average apartment clocking in at 1,482 square feet. Ground floor retail will take up 7,900 square feet on the first two floors, followed by several levels of amenities—a lounge, fitness center, library, spa and two terraces.

Apartments will be stacked on top, with two to four units per floor, except for floor-through units on the eighth, 49th and 50th stories. The cellar will hold 72 bike parking spots and laundry rooms.

Developer Victor Homes picked up the corner assemblage last year for a whopping $99 million, and construction firm Lend Lease has just announced plans to finance and co-develop the $400 million project. They expect to start construction by the end of the year, according to Crain’s.

Meanwhile, the DOB has approved permits to knock down the site’s current three-story building.

Although 281 Fifth will bring serious height to the blocks north of Madison Square Park, am 830-foot tall residential tower in the works half a block away at 15 East 30th Street (now known as 126 Madison Avenue) will likely dwarf it. And Bruce Eichner’s 65-story high rise at 45 East 22nd Street will rival both, topping out at 777 feet with condos asking as much as $20,750,000.
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  #46  
Old Posted May 4, 2015, 3:46 PM
yankeesfan1000 yankeesfan1000 is offline
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God is this thing ugly...
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  #47  
Old Posted May 4, 2015, 4:35 PM
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It's not the final design so let's wait and see.
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  #48  
Old Posted May 15, 2015, 3:57 PM
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That's from a longer article about the EB-5 program

Want a Green Card? Invest in Real Estate

JULIE SATOW
MAY 15, 2015

Quote:
Developers are eager to access the visa program because it is cheaper than many other financing sources. This is in large part because the participants are focused on securing green cards and are therefore willing to take smaller returns on their investment, typically earning less than 1 percent.

“It is a good financing vehicle,” said Asaf Shuster, the vice president for business development of the Victor Group, which is raising $90 million from 180 foreign investors for a 60-story condominium at 281 Fifth Avenue. The project’s total budget is roughly $400 million, and “in order to build such a big project, you need a lot of equity and a big stack of financing,” Mr. Shuster said.

Before the advent of the visa program, the company would have taken out a loan and paid around 12 percent in interest, “but EB-5 money can be as low as 5 percent,” he said. Developers pay the costly immigration agents, as well as legal fees and other expenses, said Mr. Finkelstein, who is advising the Victor Group on 281 Fifth Avenue.
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  #49  
Old Posted Jun 1, 2015, 4:52 AM
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[/url]


Coach Tower in the background.

[/url]
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  #50  
Old Posted Jun 1, 2015, 12:29 PM
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Revealed: 281 Fifth Avenue, 52-Story NoMad Condo Tower Designed By Viñoly


281 Fifth Avenue, interior, image from Victor Homes

NIKOLAI FEDAK
JUNE 1, 2015

Quote:
Last December, YIMBY posted the first preliminary renderings for 281 Fifth Avenue, a 52-story condominium tower that will soon begin construction on the southeast corner of 30th Street and Fifth Avenue. Permits for the project were filed early last month, and now YIMBY has obtained the first actual rendering of the glassy building, which is being designed by Rafael Viñoly.

Victor Homes is developing the site after picking up the assemblage for $99 million last year, and Lend Lease is helping finance and co-develop the project, which will have a total cost of $400 million.

DOB permits show the 52-story building will stand 705 feet tall, with 141 condominiums units splitting 209,087 square feet of space. Residences will average nearly 1,500 square feet apiece, and the project will also include 7,900 square feet of retail space on the first two floors.

Apartments will range from two to four units per floor, besides full-floor units on the eighth, 49th, and 50th stories. Amenities (including a lounge, fitness center, library, and spa) will be located above the retail space.

The first renderings available were massing diagrams from the project’s EB-5 materials, where two different versions were presented, and the new image matches the more streamlined version very closely.

Viñoly is becoming increasingly popular in New York City for high-end residential projects, and while 432 Park Avenue is the architect’s most notable addition to the skyline, he has another major project in the works at 125 Greenwich Street. 281 Fifth Avenue will more closely resemble the latter project (or at least what YIMBY has posted so far), with an all-glass facade encapsulating a simple, boxy, and slender envelope.

Floor-heights increase as the building rises, adding some dynamism to the tower, which is otherwise very simple. YIMBY has also obtained an interior rendering of the project, which is not incredibly detailed, but does give an idea of standard ceiling heights and potential views.



281 Fifth Avenue sits directly across from 126 Madison Avenue (formerly 15 East 30th Street, revealed by YIMBY last week), and both buildings will exceed 700 feet in height, though 126 Madison will be slightly taller. Another condominium project is also likely in the works at 3 West 29th Street, on the other side of Fifth Avenue, where HFZ recently demolished the old Bancroft Bank Building.

As for 281 Fifth Avenue, demolition of the site’s old buildings is now complete, and completion is likely by 2018.
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  #51  
Old Posted Jun 1, 2015, 12:49 PM
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  #52  
Old Posted Jun 1, 2015, 1:27 PM
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Gross. Not a fan of this design...
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  #53  
Old Posted Jun 1, 2015, 2:04 PM
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I'm not sure that this is the final design. The developer has only filed demo permits for 281 and 279 5th. It also owns 4 E 30th, 277 5th and 275 5th. It only recently acquired 277 5th. Presumably, the current design and height figures are not based upon the larger parcel.
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  #54  
Old Posted Jun 1, 2015, 2:07 PM
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Originally Posted by sbarn View Post
Gross. Not a fan of this design...
Yeah I feel the same way. Usually I'm a-okay with most designs, but this is bad. Vinoly could do better.
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  #55  
Old Posted Jun 1, 2015, 2:41 PM
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Originally Posted by JR Ewing View Post
I'm not sure that this is the final design. The developer has only filed demo permits for 281 and 279 5th. It also owns 4 E 30th, 277 5th and 275 5th. It only recently acquired 277 5th. Presumably, the current design and height figures are not based upon the larger parcel.
Crossing fingers.
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  #56  
Old Posted Jun 1, 2015, 3:33 PM
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Originally Posted by chris08876 View Post
Vinoly could do better.
I'm not so sure about that. After seeing all the other staggeringly creative and original works of genius from Vinoly, how could you not appreciate the breathtaking originality of this newest Vinoly masterpiece? This man is single-handedly revolutionizing the rectangular prism as an architectural motif! New York should consider it lucky to be graced by a new Vinoly box, and hope that its skyline will one day be populated by hundreds of these brilliant works.

PS. Get ready for an SSP exclusive! I was able to obtain some top-secret renderings for Vinoly's next NYC project, smuggled out of this singular genius's studios. The renderings are a bit preliminary, but brace yourselves for a level of creativity rarely witnessed in human history:


Last edited by Hamilton; Jun 1, 2015 at 4:56 PM.
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  #57  
Old Posted Jun 1, 2015, 3:41 PM
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Originally Posted by Hamilton View Post
New York should consider it lucky to be graced by a new Vinoly box, and hope that its skyline will one day be populated by hundreds of these brilliant works.
Here is how it might look like



http://confusedlaowai.com/2011/08/shanghai-impressions/
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  #58  
Old Posted Jun 1, 2015, 5:27 PM
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PS: None of the 5 buildings that comprise this site have been demolished.
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  #59  
Old Posted Jun 1, 2015, 7:29 PM
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^ Correct, you can see that on my photos above.
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  #60  
Old Posted Jun 1, 2015, 10:50 PM
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Vinoly is becoming the Gene Kaufman of luxury skyscrapers. His designs are terrible, developers love him, and New York loses every time.
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