NEW YORK | 36 Central Park So. (Park Lane development) | FT | FLOORS

[Roadcruiser1]

Even then it's still missing several proposed high rises, One Vanderbilt, and the still to be shown Shvo Tower which may be 2,000 plus feet tall. New York City is going to be very dense. .

[Roadcruiser1]

Originally Posted by Sky88

1 Park Lane tower in the Central Park South context.

I forgot to include this in my post above. So yeah.

[babybackribs2314]

Do not watermark YIMBY/Otie's work with your own logo thanks CC@moderators

[Sky88]

Please everyone to use this new image and remove the other from the site. Thanks


Credit: from YIMBY

[scalziand]

Originally Posted by generalscarr

OMG, look at the shadows!

Better demolish the Palisades then.

[photoLith]

That rendering is insane, I hope all of those towers and more get completed.

[chris08876]

New Views, Interiors, Possible Herzog And De Meuron Design For 1 Park Lane, Aka 36 Central Park South *

Last week, YIMBY revealed the exteriors for 1 Park Lane, which has an actual address of 36 Central Park South, the site of the current Helmsley Park Lane. While we speculated that Vinoly designed the building, we learned that Handel Architects was in fact behind the renderings; we have also obtained a new set of images which include that version of the project’s interiors and views, which will be very impressive.

Perhaps the most notable feature of the 1,210-foot tall tower is how it utilizes the old Helmsley Park Lane. Due to New York’s byzantine and nonsensical zoning, the developers of 36 Central Park South will be forced to maintain a percentage of the old Helmsley, the same quandary that L&L is facing in its redevelopment of 425 Park Avenue.

While the City Council finally approved the Midtown East rezoning yesterday, that still leaves sites like 36 Central Park South out of the mix. If the old Helmsley could be removed completely, a new tower that conforms to the street-wall facing Central Park could be built, but unfortunately, the city stands in the way.

Despite that challenge, the developers have made the best of the situation, and the majority of the Helmsley will become an enormous, 200-foot-tall entry foyer for the new tower. In essence, everything up to the height of the surrounding buildings will be empty, with the actual condominiums stacked on top, to take advantage of the views — the ultimate driving force behind 57th Street’s current boom.

The success of 432 Park Avenue and its enormous 10×10 foot windows has clearly echoed into Handel’s design for 36 Central Park South, where panes will measure 10×14 feet. Besides the glass, the building bears a surprising aesthetic similarity to the Trump Soho, also designed by Handel, almost as if it was stacked on itself three times (and whittled down substantially).

YIMBY received word from a different tipster who pointed out additional renderings, with a note that they show a design by Herzog and de Meuron, which may or may not be built instead of the Handel version.

While we have been unable to confirm Herzog and de Meuron’s involvement, YIMBY heard from another tipster who obtained images produced by Pelli Clarke Pelli, though apparently the firm’s entry did not win the design competition, and reflects a shorter, 800-foot tall version.

Evidently there was a substantial design competition for the building, but with the Handel version rendered in multiple formats and plastered on the building’s EB-5 materials, it would appear to be the final design (or close to it, especially given this 30-page PDF on the project, in Chinese). Still, changes could be possible, with Extell approaching the owners of 30 Central Park South for a possible buy, next door.

Per the EB-5 documents, the building will have 88 condominiums, and completion is slated for 2020.

=============================
http://www.yimbynews.com/2015/06/rev...ark-south.html
* http://www.yimbynews.com/wp-content/...B%E7%BB%8D.pdf (PDF for pics)

[JR Ewing]

Clearly, there was a competition and Pelli and Herzog (and possibly Handel) participated. That being said, Witkoff's most recent statement is that Rogers will design the tower. The first rendering that Yimby posted looks like a Rogers design.

[Onn]

Originally Posted by JR Ewing

Clearly, there was a competition and Pelli and Herzog (and possibly Handel) participated. That being said, Witkoff's most recent statement is that Rogers will design the tower. The first rendering that Yimby posted looks like a Rogers design.

The first design Yimby posted was a Handel design, so I assume Handel won. Herzog and de Meuron’s design looks clunky, I can see why they probably didn't win.

[JR Ewing]

http://www.crainsnewyork.com/article...arked-is-still

[ih8pickingusernames]

Originally Posted by chris08876

IamtheSTIG from SSC added this tower to that rendering showing NYC 2030.


Credit: IamtheSTIG

LOL even in 2030 the WTC isn't finished yet

[aquablue]

Originally Posted by ih8pickingusernames

LOL even in 2030 the WTC isn't finished yet

LOL

The poor WTC has become a mere afterthought among skyscraper fans.

[sparkling]

Images by Herzog and de Meuron

NIKOLAI FEDAK
JULY 7, 2015

The new images of the Herzog & de Meuron design come from fresh EB-5 materials, possibly indicating that it has won the design competition. The tower appears to be about 1,000 feet tall, which is a fair bit shorter than Handel’s 1,210-foot tall plan, but still substantial enough to stand out on the Midtown skyline.

Full Article

[yankeesfan1000]

Also from the above, "No completion date has been announced, but it appears the project has now met its financing goals, which total $219 million in EB-5 funding, $462 million in developer equity, and a senior loan of $1.02 billion. The sellout is projected at an average of $8,500 a square foot."

[scalziand]

Think I prefer the HdM design to the Handel design, even if it's a bit shorter.

[Cynicism]

.

[JR Ewing]

I don't think we've seen the final design. What's shown to EB-5 investors is not necessarily what is built. That has been demonstrated on many occasions.

[Vertical_Gotham]

Shvo, Witkoff look to get $800M in EB-5 funding Asian investors to finance 125 Greenwich, 1 Park Lane -
http://therealdeal.com/blog/2015/07/....OH8GSI2D.dpuf

New York’s luxury condo developers are getting a fresh dose of Chinese cash, courtesy of the EB-5 program.

The U.S. Immigration Fund, which helps arrange financing through the popular visa program, is raising a total of $800 million in mezzanine financing for four major construction projects:

Michael Shvo’s, Bizzi + Partners and Howard Lorber’s 125 Greenwich Street as well as Witkoff’s 111 Murray Street, Marriott Edition Hotel Times Square and 1 Park Lane.

Two of the deals – 125 Greenwich and Times Square Edition – have closed, while the fund is currently raising capital for the two others, U.S. Immigration Fund president Nicholas Mastroianni told The Real Deal.

The fundraising highlights the growing importance of Asian capital in financing major construction projects in Manhattan.

A prime example is 125 Greenwich, for which Mastroianni just began raising $175 million through the EB-5 program. Last year, Howard Michaels’ Carlton Group arranged $240 million in equity and debt financing for the condo project, with the bulk coming from an Asian lender group led by Singapore’s United Overseas Bank. The deal also included a $40million investment from Indian pharmaceutical tycoon Dilip Shanghvi.

If the U.S. Immigration Fund manages to raise the planned $175 million, the bulk of the 77-story Financial District condo project will be bankrolled by Asian capital.

And 111 Murray in nearby Tribeca, developed by Fisher Bros., Witkoff and Howard Lorber, is also getting a fat chunk of cash from the far east. Mastroianni said he has raised $175 million in mezzanine funding for the project through the EB-5 program.

This comes on top of the $229 million in equity Chinese investment firm Taiping Asset Management pumped into the project. In total, the planned 58-story condo tower is getting more than $400 million in Chinese capital.

Mastroianni also said he has raised $200 million for Witkoff’s Marriott Edition Hotel Times Square at 701 Seventh Avenue, and is raisiing another $220 million for Witkoff’s 1 Park Lane, the planned 1,210-foot-tall condo tower at 36 Central Park South on the site of the Helmsley Park Lane Hotel.

Witkoff declined to comment. SHVO and Fisher Brothers did not respond to requests for comment on short notice.

The EB-5 deals are part of a wave of foreign capital funding New York’s luxury condo boom. As The Real Deal reported in May, many of the tallest condo projects are being financed primarily by overseas firms. The Bank of China, for example, lent Vornado more than $1 billion for its condo project at 220 Central Park South.

[JR Ewing]

Great news!

[Zapatan]

Nice!

I like the shorter version of this tower better design wise, hopefully they stick with that.