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  #1  
Old Posted May 22, 2013, 11:55 AM
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Smile NEW YORK | 45 East 22nd Street | 777 FT | 64 FLOORS

http://online.wsj.com/article/SB1000...351518006.html

For Developer, 3 Could Be Charm




Site of the potential condo tower



By ELIOT BROWN
May 21, 2013


Quote:
Ian Bruce Eichner, a developer whose high-profile problems became symbols of the last two real-estate busts, is in final stages of a deal to buy a condominium development site near Manhattan's Flatiron Building.

Looking to mount his latest comeback, Mr. Eichner is preparing to spend more than $100 million to buy the site as well as air rights that would enable him to build a nearly 800-foot tower with more than 90 units, according to real-estate executives briefed on the project. The slim, glass condo tower he is planning, designed by architecture firm Kohn Pedersen Fox Associates, would be the tallest building between the Empire State Building and downtown.

Similar to many developers moving ahead with new condo projects recently, Mr. Eichner is targeting the upper end of the market, real-estate executives said. Similar to others, he has been emboldened by the high prices that are being fetched these days—more than $3,000 a square foot in Greenwich Village and more than $5,000 a square foot for some units by Central Park.

A spokesman for Mr. Eichner declined to comment. He is hoping to complete the purchase of the site and air rights in the next few weeks, the executives said. The site is owned by One Hand Realty LLC, while the air rights are from a variety of properties nearby. One Hand couldn't be reached for comment.

The tower, on East 22nd St. between Broadway and Park Avenue South, would be only 50 feet wide at the base but would expand like a slender champagne flute and be wider at the top, a rendering reviewed by The Wall Street Journal shows.

To move forward on the condo tower, Mr. Eichner would need to line up financing and close on the purchase of the site.
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  #2  
Old Posted May 22, 2013, 12:26 PM
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Wow, 800 foot KPF-designed tower at 22nd & Park Avenue South.

Sounds good to me. The developer will get amazing prices at that location.

And will be great for the skyline. It will help fill in the "gap" between Midtown and Downtown.
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  #3  
Old Posted May 22, 2013, 12:29 PM
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This is very exciting for the area. This would be a great partners to One Madison Park, the old MetLife Clock Tower and the Flat Iron building.

But if this is the exact location, I would hate to see one of my favorite Indian restaurants go out (Tamarind). Well that's NY for you. I'm sure they will move onto bigger and better things.
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  #4  
Old Posted May 22, 2013, 5:17 PM
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Damn, this one came out of nowhere! I look Forward to seeing the renderings.
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  #5  
Old Posted May 22, 2013, 7:44 PM
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Quote:
Originally Posted by Crawford View Post
Wow, 800 foot KPF-designed tower at 22nd & Park Avenue South.

Sounds good to me. The developer will get amazing prices at that location.

And will be great for the skyline. It will help fill in the "gap" between Midtown and Downtown.
Indeed, a very unique location. Even at 800', this tower would have an impact on the skyline.

A good day for New York!
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Old Posted May 23, 2013, 1:47 PM
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Yeah, this did come out of nowhere. But all of the luxury condo action taking place won't go unnoticed as more developers will try to cash in on the hot market. Can't wait to see the design.
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Old Posted May 30, 2013, 2:06 PM
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This is an exciting project. If it moves forward, it will replace two of these grayish townhouses (no loss):





I think this tower will complement its next door neighbor, One Madison Avenue being finished up right now by Related:

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  #8  
Old Posted May 31, 2013, 5:07 AM
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The tower, on East 22nd St. between Broadway and Park Avenue South, would be only 50 feet wide at the base but would expand like a slender champagne flute and be wider at the top, a rendering reviewed by The Wall Street Journal shows.

I need to see this rendering.
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Old Posted May 31, 2013, 1:01 PM
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I wonder if it will look like a slimmer version of the "walkie-talkie" under construction in London. (I forget it's real name right now)
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  #10  
Old Posted May 31, 2013, 3:56 PM
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Originally Posted by DrNest View Post
I wonder if it will look like a slimmer version of the "walkie-talkie" under construction in London. (I forget it's real name right now)
This one? If so, it will be a much more slender version, but in this location a nice, dramatic addition.


20 Fenchurch Street

http://www.london-property-market.co...lkie-building/
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Old Posted May 31, 2013, 4:30 PM
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great shot of one madison, wow, what a tower.
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  #12  
Old Posted May 31, 2013, 7:49 PM
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Originally Posted by NYguy View Post
This one? If so, it will be a much more slender version, but in this location a nice, dramatic addition.
Yes, that was the one I was thinking of. Agreed, a much slender version, but still I had in mind a similar shape.
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  #13  
Old Posted May 31, 2013, 8:23 PM
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This will be a great location for the tower...






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  #14  
Old Posted Jun 28, 2013, 1:24 AM
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http://www.nypost.com/p/news/busines...unHZT13l809ISI

NoMad lands
North of Madison Square Park is buzzing with restaurants, hotels and new condos — here are five reasons we’re excited


By MAX GROSS
June 27, 2013


Quote:
...And there’s activity on the south side of the park, too: Related is restarting sales on One Madison Park, and we hear that Ian Bruce Eichner’s firm, Continuum, is also gearing up to start a project down the block on East 22nd Street.
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Old Posted Aug 9, 2013, 10:09 PM
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Here is some news on this project. Looks like it will be 718 feet tall according to permits that have surfaced. Also, only 50 feet wide at the base

http://blog.buzzbuzzhome.com/2013/08...t-eichner.html
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  #16  
Old Posted Aug 9, 2013, 10:15 PM
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Originally Posted by jackster99 View Post
Here is some news on this project. Looks like it will be 718 feet tall according to permits that have surfaced. Also, only 50 feet wide at the base

http://blog.buzzbuzzhome.com/2013/08...t-eichner.html

Thanks. They need to give us a rendering since it's floating around already...

(41 E. 22)

http://a810-bisweb.nyc.gov/bisweb/Jo...r=01&restore=1

58 floors
718 ft (for now)
81 units
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Old Posted Dec 17, 2013, 12:27 PM
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First I've seen of how this tower takes shape...



















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  #18  
Old Posted Dec 17, 2013, 12:43 PM
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Looks a bit top heavy.
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  #19  
Old Posted Dec 17, 2013, 12:47 PM
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Originally Posted by scalziand View Post
Looks a bit top heavy.
Well, that was the one thing we expected from this...


Quote:
The tower, on East 22nd St. between Broadway and Park Avenue South, would be only 50 feet wide at the base but would expand like a slender champagne flute and be wider at the top
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  #20  
Old Posted Dec 17, 2013, 5:35 PM
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Bigger floorplates at the top mean a higher price for the penthouse.
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