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  #1  
Old Posted Aug 10, 2005, 11:59 PM
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NEW YORK | 15 Central Park West - 35 (2 Towers) | (2) 550 FT / 168 M | (2) 35 FLOORS

NY TIMES

Tall and Shorter Towers Set for Mayflower Site



A view of Central Park West looking north from 61st Street, with the new buildings rising between the Trump tower and the Century.



By DAVID W. DUNLAP
August 4, 2005

Perhaps the biggest mystery in Manhattan real estate - what are they ever going to build on the Mayflower Hotel block? - is being answered with a pair of limestone-clad apartment buildings, 19 and 35 stories, for buyers with at least $2 million to spend on a one-bedroom. Or $45 million for something bigger, with a terrace.

Having spent years to acquire the full block between Central Park West and Broadway, 61st to 62nd Streets, and having kept the $1 billion project secret for months even as demolition and construction crews readied the site, Zeckendorf Development is now showing its plans to community leaders on the Upper West Side.

As designed by Robert A. M. Stern Architects and S.L.C.E. Architects, the 886,000-square-foot complex - called 15 Central Park West - is to have a 231-foot-high apartment house on the park side and a 550-foot midblock tower, separated by a private courtyard. Stores will line a five-story base along Broadway.

There are to be 201 condominium apartments. The building is to open in 2007.

Asked if they feared that the real estate bubble would burst by then, the co-chairmen of Zeckendorf Development, Arthur W. and William Lie Zeckendorf, sounded confident. "The market remains - knock on wood - very strong," Arthur Zeckendorf said, "and this caters to the upper end, which is a market with a limited amount of inventory."

Although developers customarily use hyperbole when speaking about their projects, William Zeckendorf may be accurate in saying that the Mayflower site "is likely to be the last full block front on Central Park West or Fifth Avenue, south of 96th Street, that will be available in our lifetimes." The hotel on Central Park West was recently demolished. The rest of the 1.3-acre parcel has been vacant for 18 years.

To put the new tower in context, it is roughly 35 feet shorter than the Trump International Hotel and Tower to the south and 210 feet taller than the Century Apartments to the north. Mr. Stern said he was taking design cues more from older West Side buildings than from modern, glass-skinned skyscrapers.

"You'll see plantings, and you'll see people from time to time," Mr. Stern said, "as opposed to many buildings where you have no sense of the human life within."

This would be achieved, he said, through the use of large windows, small balconies, rooftop loggias and set-back terraces like the one stretching 282 feet around the 6,600-square-foot penthouse in the Central Park West structure, which will be offered for $45 million. In the tower will be a few 1,000-square-foot units for $2 million.

About 87,000 pieces of Indiana limestone will clad the structures, William Zeckendorf said, from Oolitic, Ind., the quarry that supplied the Empire State Building.

Between the buildings will be a 70-by-200-foot courtyard and driveway with an oval pavilion at its center and a glass-bottom reflecting pool at the north end. This will be directly over the indoor pool of the residents' health club.

Unless Zeckendorf Development applies for a permit for a parking garage, the project will be constructed "as of right" under existing zoning rules, William Zeckendorf said, meaning that it would not be subject to discretionary review.

Nevertheless, the Zeckendorfs and Mr. Stern this week began making presentations to neighbors and officials, including City Councilwoman Gale A. Brewer.

"Design-wise it seems very appropriate for Central Park West and Broadway," Ms. Brewer said. She added, however, that it was too bad the courtyard would be private, even though it follows the example of West Side landmarks like the Apthorp and the Belnord.

"You just wish," she said, "that people could enjoy it for some period of the year."
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  #2  
Old Posted Aug 12, 2005, 12:01 AM
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Another look at where the tower(s) will sit on the skyline (2nd pic)..

rendering







wirednewyork.com photo

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  #3  
Old Posted Aug 12, 2005, 1:46 AM
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Wow, they look better than I expected. Good replacement for the originally good but irreversibly raped in the 50's Mayflower Hotel.
     
     
  #4  
Old Posted Aug 12, 2005, 2:46 AM
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That lot has been vacant since at least 1993 when I first came to New York. It's time for something to go up. It looks like this building will fit in with the old school UWS buildings.
     
     
  #5  
Old Posted Aug 12, 2005, 2:55 AM
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I've been wondering what's going there. I walk past that site every day - all I could think was "Damn, that's a big hole".
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  #6  
Old Posted Aug 12, 2005, 12:33 PM
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Quote:
Originally Posted by JACKinNYC
It looks like this building will fit in with the old school UWS buildings.
To go up on CPW, it had to have that "classic" CPW appeal to it. I wish there were larger, more detailed renderings available. I'm sure we'll get one though.
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  #7  
Old Posted Aug 14, 2005, 11:50 PM
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Are they tearing down the Mayflower? Because it almost looks like they're just re-cladding it.
     
     
  #8  
Old Posted Aug 15, 2005, 1:15 AM
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Quote:
Originally Posted by CityGawd5
Are they tearing down the Mayflower? Because it almost looks like they're just re-cladding it.
Haven't been paying attention to it, but I thought it was down already. I pass so many construction sites in Manhattan...


Quote:
The hotel on Central Park West was recently demolished. The rest of the 1.3-acre parcel has been vacant for 18 years.
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  #9  
Old Posted Aug 19, 2005, 12:27 PM
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CPN (commercial property news)

Central Park West $1B Complex Banking on Hot Condo Market



August 11, 2005
By Colleen Corley


After securing $900 million in construction financing yesterday, plans are getting off the ground to develop a 200-plus unit condominium complex on the former Mayflower Hotel site in Manhattan's Upper West Side.

The development's two condo towers, anchored by a private courtyard between them, will reach 231 feet and 550 feet, respectively, on the city block between 61st and 62nd streets.

In a neighborhood known for large commercial or not-for-profit tenants like the YMCA and the Lincoln Center for Performing Arts, a nearly $1 billion residential development--and a condo investment, at that--is an attention-grabbing investment.

Though the buildings will include a five-story retail component, the residential presence will be noticed in the neighborhood. "There aren't many (luxury apartments) on Central Park West," noted Nicholas Sardone, senior vice president at Corporate Real Estate Service Advisors, which is not involved in the deal.

But the developers of property at 15 Central Park West are banking on the persistence of the hot condo market. Sales of high-end residential units in Manhattan are up to as much as $1,500 per square foot in some places, Sardone said. "Commercial rents don't support that kind of value," he said. "This is a unique asset."

According to a New York Times report on the buildings, one-bedroom units in 15 Central Park West will go for at least $2 million, although those with terrace views of the park could go for as much as $45 million--the builders are currently showing plans to community leaders. But market watchers will have to wait until the complex opens in 2007 to see its tenants will still be willing to pay those prices.

The complex will be built by a partnership between Zeckendorf Development LLC, Whitehall Street Real Estate Funds and Global Holdings.
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  #10  
Old Posted Aug 19, 2005, 1:08 PM
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Quote:
Originally Posted by NYguy
Another look at where the tower(s) will sit on the skyline (2nd pic)..

rendering







wirednewyork.com photo



What else is being built on the spot next to the tower in the botom pic?

Looks like there's a pile driver and other construction equipment there.
     
     
  #11  
Old Posted Aug 19, 2005, 5:26 PM
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That's all the development spot.
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  #12  
Old Posted Aug 19, 2005, 5:27 PM
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Quote:
Originally Posted by NYguy
Though the buildings will include a five-story retail component, the residential presence will be noticed in the neighborhood. "There aren't many (luxury apartments) on Central Park West," noted Nicholas Sardone, senior vice president at Corporate Real Estate Service Advisors, which is not involved in the deal.
Not sure what this means...CPW is one the most expensive places in the city.
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"And New York is the most beautiful city in the world? It is not far from it. No urban night is like the night there... Squares after squares of flame, set up and cut into the aether. Here is our poetry, for we have pulled down the stars to our will."
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"When you leave New York, you are astonished at how clean the rest of the world is. Clean is not enough."
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  #13  
Old Posted Aug 20, 2005, 12:10 AM
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Quote:
Originally Posted by billyblancoNYCII

Not sure what this means...CPW is one the most expensive places in the city.
No shit... a friend of my roomate's lives with her family on CPW... her neighbor across the hall is Elton John and downstairs is Tom Cruise. Definitely not a luxury building, of course...
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- Nicolai Ouroussoff, New York Times
     
     
  #14  
Old Posted Aug 20, 2005, 12:22 AM
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A couple very interesting facts about this site that I am not sure are in the other articles (I read them in Real Estate Weekly)...

- The site has been assembled over 30 years. One part of the block has been a fenced lot for 20 years.

- The building will be clad in Limestone.
     
     
  #15  
Old Posted Aug 20, 2005, 1:59 AM
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i think it fills in that site pretty nicely.
     
     
  #16  
Old Posted Aug 21, 2005, 12:26 PM
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Quote:
Originally Posted by Daquan13
What else is being built on the spot next to the tower in the botom pic?
Looks like there's a pile driver and other construction equipment there.

Another look at the rendering:





Quote:
As designed by Robert A. M. Stern Architects and S.L.C.E. Architects,
the 886,000-square-foot complex - called 15 Central Park West - is to have
a 231-foot-high apartment house on the park side and a 550-foot midblock tower,
separated by a private courtyard. Stores will line a five-story base along Broadway.
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  #17  
Old Posted Aug 21, 2005, 12:32 PM
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Thanks.
     
     
  #18  
Old Posted Aug 26, 2005, 1:51 PM
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They've begun moving the parts of the tower crane to the site (I walk past in the morning).
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"Architecture is the art of balancing values: economic, aesthetic, public, private. It always involves compromise, and few architects would deny that the client's desires take precedence. But the best architects understand that they also have an obligation to the public welfare, no matter who is paying their bills. That often means investing time in educating clients rather than simply acceding to their desires."

- Nicolai Ouroussoff, New York Times
     
     
  #19  
Old Posted Aug 27, 2005, 12:38 AM
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Good to hear construction beginning
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  #20  
Old Posted Aug 28, 2005, 2:38 PM
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Quote:
Originally Posted by Chi-town
They've begun moving the parts of the tower crane to the site

Always good news.
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