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Old Posted Apr 25, 2016, 3:15 PM
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Get Ready for Another Supertall Tower Beside Extell on the LES Waterfront



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The old Pathmark site down on the waterfront is becoming a heated zone of gold rush activity. It’s not just the 80-story Extell tower rising here, but the drama surrounding the adjacent “pharmacy” lot. The Little Cherry might mature, after all.

Roy Schoenberg (pka Little Cherry LLC) previously partnered with Two Bridges Neighborhood Council and Settlement Housing Fund to construct a 47-story residential (mixed income) tower at 237-247 Cherry Street. The community group, which owns the land beneath the brick box, agreed to unload the Pharmacy/Rent-a-Center site to Schoenberg for $4 million, but later backed out of the deal, triggering a $50 million lawsuit from Schoenberg. (Little Cherry owns the lease on half the retail; Extell has the other half through 2044.) The legal fight, while ongoing, is apparently water under the proverbial bridge at this point. The development is back on track with a settlement slated for later this spring.

TBNC circulated an ambiguous letter to residents over the weekend about the new “residential tower proposed to be built adjacent to the Two Bridges Senior Apartment building at 80 Rutgers,” while simultaneously announcing a tenant meeting this week for official announcement. Those in the senior building are reportedly worried, rightfully, about whether they’ll have a home after this monstrosity is constructed. And while details are currently lacking, word on the street is that a familiar face is linked to the supertall project – SHoP Architects – which already has a history of working with this community organization.

So, it now makes more sense why Two Bridges Neighborhood Council allegedly sent a letter to Community Board 3 earlier this year regarding the Chinatown Working Group zoning proposal and its treatment of the waterfront (Subsection D). We’re told the nonprofit specifically asked for no height caps in the area. Mind boggling. Until this coastline is protected, we can easily expect a blinding wall of glass along the South Street waterfront. This new tower, rising at least 50 stories adds to that mess.

Moreover, there is a feeling among neighbors that the Two Bridges Neighborhood Council is selling out its base, and keeping residents in the dark about overall plans. First to Extell – updates don’t always trickle down to residents of 82 Rutgers – and now for this newest tower. Even the back room staff is in upheaval.

Most suspicious are the major organizational changes that seem to have happened just before the announcement that Little Cherry is indeed a go. For instance, two power players stepped down from the board. Associate Director (and historian) Kerri Culhane, second in command to Victor Papa, resigned (her picture is still on the site, though); board chair, Vincent Wong, is no longer Chair (Position now vacant). The website was reportedly updated Friday to reflect the personnel change.
============================
http://www.boweryboogie.com/2016/04/...es-waterfront/
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  #2  
Old Posted Apr 25, 2016, 3:17 PM
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This has been rumored for some time.

There have been multiple rumors of a SHoP-designed supertall somewhere on the Lower East Side riverfront, and, given that most of this neighborhood doesn't have the zoning, this is the likely location.
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Old Posted Apr 25, 2016, 4:48 PM
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Supertall or not, I would love to see another SHoP designed tower along the waterfront. I think the supertall term used here may not mean literally. We shall see.
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Old Posted Apr 25, 2016, 7:03 PM
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I'd like to see what that letter was about. If they know something we don't, I'd be curious to see what the monstrosity that they refer to actually is. But yeah, a super tall here or even anything 700 ft or greater is a big change for the area along with Extells u/c tower.

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  #5  
Old Posted Apr 25, 2016, 9:54 PM
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Just some extra info. Anybody going to that meeting?

========================

Developer to Discuss Plans for Residential Tower on Waterfront

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The developers of a controversial residential tower set to go up next to a waterfront senior center — already the site of a massive 80-story luxury high-rise — will host a meeting with concerned residents on Wednesday, April 27.

Two Bridges Neighborhood Council will announce plans for a tower proposed to be built next to the Two Bridges Senior Apartment building at 80 Rutgers Slip. Seniors who live in the center and other neighbors have been invited to voice their questions and concerns at the 6:30 p.m. meeting in the center’s community room.

Neighbors are already expressing concern that the monolith, paired with the 80-story Extell tower, will overwhelm longtime residents and seniors in the adjacent building by packing in new dwellings.

“We understand we need more housing, but there is a certain amount of density a neighborhood can absorb,” said Trever Holland, president of the Two Bridges Tower Tenant Association. “For them to say they’re going to build another building of a similar scale is insane to me.”

Though the memo circulated by the realty group was vague, locals suspect they are witnessing the revival of a dormant deal surrounding the old Pathmark Pharmacy site, as was first reported by Bowery Boogie.

Developer Roy Schoenberg had partnered with the neighborhood council and nonprofit developer Settlement Housing Fund to build a 47-story mixed-income tower at 237–247 Cherry St., but the council ended up going back on the deal, resulting in a $50 million lawsuit from Schoenberg.

While the litigation is ongoing, a settlement is reportedly coming in the near future, and development is slated to pick back up.

Meanwhile, Extell Development Co.’s tower — holding more than 800 condominiums — continues to rise at the corner of Cherry and Pike streets. The ongoing construction has been a nuisance to seniors, said Holland, and the additional construction that would come with a new development would be unwelcome.

Also, seniors fear sticking two high-density towers next to each other will negatively impact their quality of life, said Holland.

“This building will affect them,” he said. “Not just the construction, but the fact that they’re basically building two towers on top of each other.”

The association has taken to social media to express fears that the proposed project could could dwarf the Extell tower, and to demand a neighborhood rezoning to prevent future towers.
================================
https://www.dnainfo.com/new-york/201...-on-waterfront
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  #6  
Old Posted Apr 26, 2016, 2:57 PM
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Anything above 20 stories for them would be considered too tall.
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Old Posted Apr 26, 2016, 7:39 PM
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Interesting how in the 80's Lower East side was such an undesirable neighbourhood, until Rudy Giuliani cleaned it up. Now it has become a great neighbourhood to invest in development wise. Would love to see something iconic go into this area. Look forward to seeing a rendering!
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Old Posted Apr 26, 2016, 8:39 PM
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Originally Posted by Design-mind View Post
Interesting how in the 80's Lower East side was such an undesirable neighbourhood, until Rudy Giuliani cleaned it up. Now it has become a great neighbourhood to invest in development wise. Would love to see something iconic go into this area. Look forward to seeing a rendering!
That can be said for many of New York's neighborhoods where development has taken off. But it has less to do with Guliani (or more likely, Bloomberg) than the changing of the times.
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  #9  
Old Posted Apr 26, 2016, 11:30 PM
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We will probably hear more about this later on in the week. The meeting is for Wednesday.

Last edited by chris08876; Apr 26, 2016 at 11:37 PM. Reason: typo
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  #10  
Old Posted Apr 27, 2016, 12:23 AM
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Originally Posted by NYguy View Post
That can be said for many of New York's neighborhoods where development has taken off. But it has less to do with Guliani (or more likely, Bloomberg) than the changing of the times.
not sure I agree. I think establishment of the rule of law is the very baseline which an economy can be developed. You establish rule of law more people want to live there. The more people who want to live there increase the value of a certain area. As the value increases more affluent people desire to be there. As this cycle continues and property values increase at some point it becomes economical to undertake massive vertical projects.

There are other factors, but in this case I believe re-establishment of rule of law was the catalyst. The area already had massive advantages (like being on Manhattan).
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Old Posted Apr 27, 2016, 1:43 AM
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Quote:
Originally Posted by NYguy View Post
That can be said for many of New York's neighborhoods where development has taken off. But it has less to do with Guliani (or more likely, Bloomberg) than the changing of the times.
Yep

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Old Posted Apr 27, 2016, 1:36 PM
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The phenomenon of rapidly decreasing crime rates, followed by rising prices and changing demographics, is something that is not limited to the Lower East Side or even New York City. The renaissance of urban centers over the past 20 years has happened simultaneously in metropolises around the world (look at London or Los Angeles), occurring at an equal pace in cities that had left and right-leaning law enforcement policies.

There is a massive amount of literature on this topic and endless theories as to what caused the phenomenon, but the idea that it was caused by Guliani’s “broken windows” approach has since been widely discredited. He just benefited from a right-place-right-time situation, and was not at all shy to take any credit coming his way.

Apologies for dragging things further off topic.
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Old Posted Apr 27, 2016, 2:15 PM
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Originally Posted by De Minimis NY View Post
The phenomenon of rapidly decreasing crime rates, followed by rising prices and changing demographics, is something that is not limited to the Lower East Side or even New York City. The renaissance of urban centers over the past 20 years has happened simultaneously in metropolises around the world (look at London or Los Angeles), occurring at an equal pace in cities that had left and right-leaning law enforcement policies.

There is a massive amount of literature on this topic and endless theories as to what caused the phenomenon, but the idea that it was caused by Guliani’s “broken windows” approach has since been widely discredited. He just benefited from a right-place-right-time situation, and was not at all shy to take any credit coming his way.

Apologies for dragging things further off topic.
This!
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  #14  
Old Posted Apr 27, 2016, 7:55 PM
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NEW YORK | 247 Cherry Street | 900 FT | 77 FLOORS


So.... people, back on topic: whats actually important in this thread!!!

JDS Unveils Plans For a Gigantic 77-Story Lower East Side Tower







Quote:
Extell’s 80-story luxury condo project in the Two Bridges area is getting some high profile company. The JDS Development Group and SHoP Architects today are announcing plans for a 77-story mixed-use tower at 247 Cherry St. The site is next door to Extell’s One Manhattan Square.

The new residential and retail complex will be built on property currently owned by the Two Bridges Neighborhood Council and Settlement Housing Fund. The Lo-Down was briefed on the proposal yesterday by JDS CEO Michael Stern; Gregg Pasquarelli, a founding partner of SHoP; Alexa Sewell, president of Settlement Housing; and Two Bridges President Victor Papa.

During the briefing, held at Stern’s office near Union Square, the developers offered a first look at plans to be unveiled at two meetings scheduled later today for residents of nearby buildings. They’re envisioning about 600 rental apartments in the dramatic tower, approximately 150 of which will be set aside as permanently affordable units (25% of the total).

Back in 2012, Little Cherry Development, LLC agreed to purchase a parcel, known as 235-247 Cherry St., from Two Bridges Neighborhood Council and Settlement Housing Fund. A one-story building on the site was once home to the Pathmark Pharmacy. But the $4 million deal fell apart, and Little Cherry sued the not-for-profit groups for alleged breach of contract. That lawsuit has not yet been resolved.

The property owners now say they’ve come up with a solution that isn’t dependent on the courts. JDS and SHoP have agreed to purchase around 500,000 square feet of development rights from the organizations for $51 million. The project is being accomplished by demolishing a small community center on Cherry Street, nestling the 900-foot tower alongside an existing senior housing building and cantilevering a portion of the new construction over the old pharmacy property. The footprint for the tower will be about 9,000 square feet.

“We’ve been talking to Settlement Housing and Two Bridges for quite some time,” said Stern, about figuring out a way to unlock their unused development rights and “to create some new affordable housing… We were able to come up with a very innovative plan with SHoP Architects to achieve that.”

In recent years, JDS Development has become one of New York City’s biggest players. Stern’s company is building the American Copper Buildings on the East River waterfront, at 35th Street, featuring 761 rental apartments. Also in the pipeline are a luxury condo tower measuring 1427 feet on West 57th Street and a 73-story residential project in Downtown Brooklyn. JDS has worked with SHoP on all of these projects.

While the design isn’t quite finished, Pasquarelli said it will feature a terracotta brick and glass exterior. “There is a real dedication by the development team to doing a high-quality facade.” he explained. There will be some outdoor terrace spaces in the middle of the building and a top floor amenity space will be set aside for use by all building residents. On both Cherry Street and Rutgers Slip, there will be room for ground floor retail. SCAPE Landscape Architecture has been hired to develop a publicly accessible plaza area surrounding the new building, as well as other green spaces.

Little Cherry and Extell Development currently hold long-term leases in the single-story building. When those leases are up, the old structure will be demolished and more retail will be created on the west side of the new tower. Ultimately, 10,000 square feet of commercial space is planned, although there will be only 3,500 square feet in the first phase of construction.

The rentals will include a mix of studio, 1-bedroom and 2-bedroom apartments. Unlike the neighboring Extell project, which includes a separate affordable building, the affordable units in the new tower will be dispersed throughout the project. In other words, there will be no “poor door.”

“We think it is the better model of affordable housing,” said Stern.
==========================
http://www.thelodownny.com/leslog/20...es-tower.html#
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  #15  
Old Posted Apr 28, 2016, 1:21 PM
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Quote:
Originally Posted by chris08876 View Post
NEW YORK | 247 Cherry Street | 900 FT | 77 FLOORS


So.... people, back on topic: whats actually important in this thread!!!

JDS Unveils Plans For a Gigantic 77-Story Lower East Side Tower








==========================
http://www.thelodownny.com/leslog/20...es-tower.html#

Yes, and thank you.

I find it hilarious how JDS always seems to be where Extell is, like a form of nemesis.
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Old Posted Apr 27, 2016, 7:58 PM
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This tower will be a beast. "Only" 900 ft. but absolutely huge size.

I mean, adjacent One Manhattan Square is one of the biggest apartment buildings in NYC, and it's comparatively dwarfed.
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Old Posted Apr 27, 2016, 8:27 PM
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JDS and SHoP always impress. I kinda see a little reminder of One57 in the facade. Only green. In a way, its cool to see a green skyscraper. We really do not have many off memory.
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Old Posted Apr 27, 2016, 9:28 PM
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Originally Posted by chris08876 View Post
JDS and SHoP always impress. I kinda see a little reminder of One57 in the facade. Only green. In a way, its cool to see a green skyscraper. We really do not have many off memory.
they took "going green" literally. Maybe the green tower will fittingly be the 1st LED Platinum residential high-rise.
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  #19  
Old Posted Apr 27, 2016, 9:32 PM
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Just to highlight some design info:

Quote:
While the design isn’t quite finished, Pasquarelli said it will feature a terracotta brick and glass exterior. “There is a real dedication by the development team to doing a high-quality facade.” he explained. There will be some outdoor terrace spaces in the middle of the building and a top floor amenity space will be set aside for use by all building residents. On both Cherry Street and Rutgers Slip, there will be room for ground floor retail. SCAPE Landscape Architecture has been hired to develop a publicly accessible plaza area surrounding the new building, as well as other green spaces.
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  #20  
Old Posted Apr 28, 2016, 12:50 AM
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Is this as-of-right? This will likely get slaughtered if it goes through the public approval process.
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