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  #41  
Old Posted Sep 13, 2010, 7:40 PM
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This would suck.
Part of the plan was to get tenants into the building. I see that as a positive, assuming it works.
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  #42  
Old Posted Oct 6, 2010, 10:56 AM
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October 6, 2010

Lois Weiss - Between the Bricks

Now that he's closed on the mortgage purchase of 3 Columbus, a.k.a. 1775 Broadway, Stephen Ross of Related Cos. is trying to woo building owner Joseph Moinian into his demolition camp.

As you've heard, Ross wants to tear down the newly renovated commercial office tower and construct a luxury residential condominium with -- we've learned -- 135 units that he figures he needs to sell for over $2,000 a square foot, and a retail base, which may or may not include Nordstrom's.

As The Post first revealed, Moinian, who has been partners with SL Green Realty Trust at 180 Maiden Lane and has bought and sold buildings with them over the years, has his shirtsleeves rolled up and is still working toward a deal with that trusty Real Estate Investment Trust. No comments, as you'd expect.

http://www.nypost.com/p/news/busines...#ixzz11Zi0ucNZ
     
     
  #43  
Old Posted Oct 6, 2010, 1:39 PM
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As you've heard, Ross wants to tear down the newly renovated commercial office tower and construct a luxury residential condominium with -- we've learned -- 135 units that he figures he needs to sell for over $2,000 a square foot, and a retail base, which may or may not include Nordstrom's.
I'd say about 50 stories at best.
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  #44  
Old Posted Oct 6, 2010, 1:51 PM
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I think that it will be a lot taller. There is a lot of square footage and a small footprint. I predict that it will be over 300m.
     
     
  #45  
Old Posted Oct 6, 2010, 2:16 PM
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I think that it will be a lot taller. There is a lot of square footage and a small footprint. I predict that it will be over 300m.
And I think you will be severely disappointed, but you were warned... Anyway, I would love a taller tower here as much as anyone.
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  #46  
Old Posted Oct 6, 2010, 2:41 PM
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I think that it will be a lot taller. There is a lot of square footage and a small footprint. I predict that it will be over 300m.
i would generally agree due to its prime location a supertall amoung future tall neighbors sounds good. im sure the developer will be set on a supertall if the economy permits.
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  #47  
Old Posted Oct 6, 2010, 3:59 PM
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Lofter from WNY offered the following analysis about the potential height of this tower:

This is a good sized lot, (irregular: 216' x 201' x 121' x 216') measuring ~ 34,000 sf ...

Zoning: C5-3 - RESTRICTED CENTRAL COMMERCIAL DISTRICT

Seems a tower could go very very tall here.

(The Hearst lot is ~ 40,000 sf)


Related has been talking to Nordstrom about its intent to foreclose on 3 Columbus Circle then demolish it and build a new tower in its place
NYC Zoning Handbook:

Commercial Districts: C5

High bulk commercial districts

C5-3 Commercial FAR: 15.0 18.0 with Bonus

Also, NOYAKA at WNY noted:

"According to property shark this building as is, is 46,943 square feet over FAR. The building is 532,569 square feet giving it an effective 16.45 FAR, the site is zoned for 485,625 with a 15 FAR. The lot is 32,375 square feet. For comparison the Hearst Tower has a 40,166 lot and is 703,796 square feet, receiving almost every sort of variance and bonus imaginable. I don't see any new building being much bigger than 800,000 square feet."

An 800,000 sf residential will be VERY TALL.
     
     
  #48  
Old Posted Oct 6, 2010, 10:57 PM
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135 units that he figures he needs to sell for over $2,000 a square foot, and a retail base
Doesn't translate to a supertall at all in my opinion. The retail, which will be a major store, will take a huge chunk of the development rights. I think it could come close, but with the program, I wouldn't count on it being a supertall. I would love to be surprised.

The Tower Verre, for comparison, sits on a tighter lot, and will have the museum expansion, a hotel, and 120 units.

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  #49  
Old Posted Oct 6, 2010, 11:10 PM
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Doesn't translate to a supertall at all in my opinion. The retail, which will be a major store, will take a huge chunk of the development rights. I think it could come close, but with the program, I wouldn't count on it being a supertall. I would love to be surprised.

The Tower Verre, for comparison, sits on a tighter lot, and will have the museum expansion, a hotel, and 120 units.

well maybe he'll build a slender tower here, Tour Verre V.2 anyone?
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  #50  
Old Posted Oct 7, 2010, 12:57 AM
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Torre Verre was to be 1,250 feet tall with 786,562 square feet of space. Related's proposed tower likely will have 800,000 square feet.

Similarly, Carnegie 57 has about 861,000 square feet and is over 1,000 feet tall.

Related's goal is to make money, and a thin tower with maximal views of the park and city will produce that. Not a 600 foot tower on a huge base.
     
     
  #51  
Old Posted Oct 7, 2010, 1:13 AM
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I guess it's good news after all! I hope they build a tall beauty such as 1WTC or Carnegie.
     
     
  #52  
Old Posted Oct 7, 2010, 1:15 AM
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I expect a thin, classic, limestone-clad tower by R.A.M. Stern. Related seems to use him for very high-end projects like this.
     
     
  #53  
Old Posted Oct 7, 2010, 1:30 AM
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^^Something comparable to 99 Church?
     
     
  #54  
Old Posted Oct 7, 2010, 1:32 AM
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I would not be surprised to see something like that or like The Century in LA which Stern designed for Related (except a lot taller in NY).

     
     
  #55  
Old Posted Oct 7, 2010, 1:37 AM
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I would not be surprised to see something like that or like The Century in LA which Stern designed for Related (except a lot taller in NY).

oh God NOOOOOOOOOOOOOO! *crosses fingers* glass...glass...glass...
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  #56  
Old Posted Oct 7, 2010, 1:47 AM
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They went with glass at the TWC, but they seem to favor limestone for their latest, expensive projects, including the Harrison and the Brompton in NY and the Century in LA, all of which were designed by Stern. I love a nice stone facade. 15 CPW looks amazing.
     
     
  #57  
Old Posted Oct 7, 2010, 7:23 PM
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I prefer non glass if it's done classy.
     
     
  #58  
Old Posted Oct 7, 2010, 11:25 PM
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Originally Posted by RobertWalpole View Post
Torre Verre was to be 1,250 feet tall with 786,562 square feet of space. Related's proposed tower likely will have 800,000 square feet.

Similarly, Carnegie 57 has about 861,000 square feet and is over 1,000 feet tall.

Related's goal is to make money, and a thin tower with maximal views of the park and city will produce that. Not a 600 foot tower on a huge base.
What you people are not grasping here is that the signature retail store will cut out anywhere from a quarter to a third of that developable floor space. You want a taller tower here, as do I, but I also look at the reality. And even that's assuming Related gains control of the site, which it hasn't yet.
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  #59  
Old Posted Oct 8, 2010, 12:01 AM
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We're aware that Nordstrom may occupy a large part of the site. Nevertheless, a tall, thin tower on top of the base -- with maximal park views --to will maximize Related's revenues. People will not pay enormous sums for a view of the south facade of the museum at Columbus Circle.

While 1,000 feet or more is likely, this tower obviously could be 850 feet to 900 feet. It's unlikely that it would be less.

Last edited by RobertWalpole; Oct 8, 2010 at 12:33 AM.
     
     
  #60  
Old Posted Oct 16, 2010, 2:13 PM
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Whatever the height, there would be great views...

andrew mace-





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