HomeDiagramsDatabaseMapsForum
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals

Reply

 
Thread Tools Display Modes
     
     
  #1  
Old Posted May 21, 2014, 4:55 AM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Smile NEW YORK | 550 Washington | FT | FLOORS

Still in the early stages. Might not be the final design, could change depending on air right changes. Its a vision for now, but the site has 290,000 square feet to work with. I put xx and xxx for floors and height because the final specifications are not known yet.
------------------------------------------------------

Vision: Hotel 550 Washington Street






Quote:
While Pier 40 continues to sink into the Hudson River, renderings have surfaced over at TEN Arquitectos depicting the possibility of re-developing the St. John’s Terminal Building with a rooftop hotel. Curbed recently discussed the site’s potential, though plans may be geared towards razing rather than rehabilitating the vestigial structure, and the post presented another stunning vision for the site, by Annabelle Selldorf.

The New York Post reported on the site’s sale in 2013, when 550 Washington was bought-out by a partnership consisting of Fortress Investment Group, Atlas Capital Group, and Westbrook Partners. The existing Terminal spans 1.281 million square feet — with the largest office floor-plates of any building in New York City — while air rights currently amount to 290,000 square feet.

TEN Arquitectos’ plan for the Terminal Building is definitely ambitious, and presents an exciting opportunity for the neighborhood. The old building is hulking and enormous, and while it is not completely unattractive, its monolithic monotony is a barrier to the riverfront, and a blight on what should be a vibrant and pedestrian-friendly section of its ‘Hudson Square’ surrounds.

Thus, the potential for 550 Washington is enormous, which the renderings from TEN Arquitectos make clear. Enrique Norten’s vision for the expansion presents an undulating addition that is very distinct from the Terminal underneath, peaking with a new tower that would rise approximately 20 floors above the existing structure.

The TEN Arquitectos scheme for ‘Hotel 550 Washington’ will likely remain unbuilt, though the site’s potential is definitely real — and regardless of whether the developers can secure additional air rights, future plans already have 290,000 square feet to work with.
============================================
http://www.yimbynews.com/2014/05/vis...n-street.html#
Reply With Quote
     
     
  #2  
Old Posted May 21, 2014, 12:42 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
Meh...




http://www.nytimes.com/2014/05/21/ny...ty-review.html

Plan to Save Decaying Pier 40 Faces City Review


By CHARLES V BAGLI
MAY 20, 2014


Quote:
A proposal to save a former cargo pier on the Lower West Side of Manhattan by selling air rights to the owner of a huge industrial building must go through the city’s land use review, a top official in Mayor Bill de Blasio’s administration said on Tuesday.

The city’s position on a plan for Pier 40 puts the mayor’s office at odds with a plan developed by Gov. Andrew M. Cuomo’s administration, which had sought a speedy state review that would bypass input from the local community. But on Tuesday, Alicia Glen, the deputy mayor for economic development, told the board of the Hudson River Park Trust that the proposal, which could add new towers to the city’s skyline and generate tens of millions of dollars to rehabilitate the pier, would need to be examined by the local community board, the city’s planning department and the City Council.

United States Representative Jerrold Nadler and State Senator Brad Hoylman, both Democrats, said on Tuesday that the city’s position was good news. The city’s land use review, Mr. Hoylman said, was the only way to “ensure robust community input, which is necessary for the success of this project.”

Last December, state officials signed a secret but tentative agreement in which the owner of the four-story St. John’s Terminal Building agreed to pay about $100 million for unused development rights for Pier 40, a 14 1/2-acre property at the foot of West Houston Street.

The proceeds from the sale would be used exclusively to rehabilitate the doughnut-shaped pier, which is deteriorating more rapidly than originally thought. Today, the two-story pier, which has a soccer field in the middle, is used for public parking.

The developer would use the air rights, as well as a variety of zoning changes, to redevelop the St. John’s Building, which extends more than three blocks between West Houston and Spring Streets. The proposal would demolish at least portions of the building to create a luxury residential tower with retail space.

The agreement would require approval by City Hall, but would be subject to state review, which is not as rigorous and does not require community input.

The de Blasio administration and local officials were surprised last week when the agreement first surfaced publicly.

Nearly three weeks ago, Assemblywoman Deborah J. Glick; Assemblyman Richard N. Gottfried; Mr. Hoylman; the Manhattan borough president, Gale Brewer; and other elected officials sent a letter to the city and state warning that any attempt to bypass city review “would demonstrate a blatant disregard for our community, and deny the local community board and local elected officials a real voice on what will no doubt be a controversial proposal.”

The de Blasio administration agreed. A municipal review would also enable the city officials to bargain for what has become a hallmark of the administration — more affordable housing.


http://www.nytimes.com/2014/05/16/ny...pgtype=article

Possible Deal May Bring Money to Repair Pier 40 in Manhattan



LARGE

A deal to develop the St. John’s Terminal Building, left, could fund the repairs


By CHARLES V. BAGLI
MAY 15, 2014


Quote:
Now, Gov. Andrew M. Cuomo’s administration and park officials have struck a tentative agreement with a developer to transfer unused development rights from the 14 1/2-acre pier to a site across the West Side Highway occupied by a sprawling building, in return for more than $100 million that would be used to rehabilitate Pier 40, which is crumbling more rapidly than originally feared.

If a final deal is put in place, government officials and real estate executives say the owners of the four-story St. John’s Terminal Building, which stretches more than three blocks between West Houston and Spring Streets, would demolish the structure in phases over 10 years and build several residential buildings and retail shops.

The proposal, however, would require approval by both the city and elected officials and entail a state-mandated approval process, zoning changes and other concessions. Officials are loath to alienate the community, which has scuttled earlier proposals.

A spokesman for Atlas Group, an owner of St. John’s Terminal, confirmed the agreement, saying discussions are “focused on solving a longstanding, well-documented problem at Pier 40 through the development of a mixed-use project at the St. John’s site.”
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #3  
Old Posted May 21, 2014, 12:49 PM
Crawford Crawford is online now
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,292
I wonder how tall they would go on this site.

If DeBlasio really wants "affordable housing" and "community review", then the towers will have to soar to make up for all the subsidized housing and absurd community demands.
Reply With Quote
     
     
  #4  
Old Posted Aug 24, 2015, 6:05 PM
sparkling's Avatar
sparkling sparkling is offline
Registered User
 
Join Date: Sep 2013
Posts: 766
Firm pays $200 millon for majority stake in St. John's Terminal, eyes big redevelopment

Daniel Geiger
08/24/2015

Quote:
A sprawling building, ripe for development and seen as a savior to the decaying Pier 40, now has a single controlling owner for the first time in years.

Westbrook Partners paid more than $200 million to buy out a partner, Fortress Investment Group, to take a controlling ownership stake in St. John’s Terminal, a 1.1 million-square-foot office property at 550 Washington St. The deal values the four-story, three-block-long building at about $650 million.

The deal was arranged by Adam Spies and Doug Harmon, brokers at Eastdil Secured, who represented both parties in the transaction.

Westbrook and Fortress together had owned the majority of the property. Another real estate investment firm, Atlas Capital Group, owns a small minority interest in the building and will continue to hold its stake.

According to sources familiar with St. John’s Terminal, Westbrook has been eager to gut-renovate it, or potentially knock it down and erect new buildings. Sources say the firm is interested in adding residential spaces to the property, but it would need to obtain city approval to do so. Currently, St. John’s Terminal is zoned for office and hotel use. Consolidating its ownership of the building will allow Westbrook to pursue its vision.

For years, St. John's Terminal, which has around 280,000 square feet of unused development rights, has been viewed as a promising large-scale redevelopment project with 800 feet of frontage along the river and one of the most spacious floor plates in Manhattan, stretching as large as 200,000 square feet.

Last year, the owners of St. John’s Terminal attempted to strike a deal with the state and the Hudson River Park Trust to purchase $100 million of additional air rights from Pier 40, a large doughnut-shaped structure on the Hudson River with parking facilities and athletic fields. With the acquisition of those development rights, the owners of St. John’s Terminal could increase the size of St. John's Terminal's redevelopment, potentially adding more creative office, hotel and - if approvals for residential space are secured - more apartments as well. In return, the Hudson River Park Trust, which controls Pier 40, would use the $100 million to repair the decaying pier and its structure. According to recent reports that deal is potentially being revived.

St. John’s Terminal is at the periphery of the Hudson Square neighborhood, an area that has become a popular office district. Two years ago, Hudson Square's largest landlord, Trinity Real Estate, rezoned the neighborhood to include residential, opening the area's transformation into a mixed use district. The rezoning excluded St. John's Terminal.

Reply With Quote
     
     
  #5  
Old Posted Aug 24, 2015, 6:58 PM
JR Ewing JR Ewing is offline
BANNED
 
Join Date: Oct 2014
Location: Ancient Egypt
Posts: 835
That whole eyesore should come down.
Reply With Quote
     
     
  #6  
Old Posted Aug 24, 2015, 9:35 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
I agree. It doesn't fit in with the neighborhood. Eyesore indeed.
Reply With Quote
     
     
  #7  
Old Posted Aug 24, 2015, 11:06 PM
jbermingham123 jbermingham123 is offline
Registered Schmoozer
 
Join Date: Jun 2012
Location: At a computer, wasting my life on a skyscraper website
Posts: 212
This and all other non-used piers should be torn down. I read something a few years ago that explained how the redevelopment of old piers and the landfilling of manhattan and jersey into the hudson have significantly narrowed the river, thus forcing it to start carving downward, potentially deep enough to reach the ceilings of tunnels.
Reply With Quote
     
     
  #8  
Old Posted Aug 25, 2015, 1:26 AM
Crawford Crawford is online now
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,292
Quote:
Originally Posted by jbermingham123 View Post
This and all other non-used piers should be torn down. I read something a few years ago that explained how the redevelopment of old piers and the landfilling of manhattan and jersey into the hudson have significantly narrowed the river, thus forcing it to start carving downward, potentially deep enough to reach the ceilings of tunnels.
Will never, ever happen. The city has basically spent a half-billion renovating the piers along the Hudson over the last decade, to create Hudson River Park.
Reply With Quote
     
     
  #9  
Old Posted Oct 22, 2015, 9:21 PM
sparkling's Avatar
sparkling sparkling is offline
Registered User
 
Join Date: Sep 2013
Posts: 766
First Look At Options For Redevelopment Of 550 Washington Street



NIKOLAI FEDAK
OCTOBER 22, 2015

Quote:
Yesterday, the New York Times reported that 550 Washington Street would soon traverse ULURP as its owners, Westbrook Partners and Atlas Capital Group, want to redevelop the existing building in exchange for air rights from the failing Pier 40, which would also be saved. And now YIMBY has the first look at massing diagrams of the proposed plans, which reflect both the as-of-right redevelopment option, as well as what the site would look like if the ULURP application is approved.

550 Washington has already been the subject of several concept proposals, with submissions from several firms re-imagining its potential over the past few years. The building was originally built in 1935 as a railroad distribution center and spans four floors and 1.3 million square feet.

Continue Reading
Reply With Quote
     
     
  #10  
Old Posted Oct 22, 2015, 9:36 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Elevation being 360' and 240' x 2. Not bad. Good fillers for the area.
Reply With Quote
     
     
  #11  
Old Posted Oct 23, 2015, 12:49 AM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
Interesting that the as-of-right render has basically one tower at 600 ft or so. I'm sure the NIMBYs won't be happy about any building going up, but they should be greatful the taller tower won't be.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #12  
Old Posted Nov 2, 2015, 4:41 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Big-box retail or more parking for proposed massive Pier 40 complex?

Westbrook Partners and Atlas Capital Group leave retail options open for proposed 1,586-unit complex to be built with air rights from Hudson River Park.



Quote:
Developers looking to construct a five-building complex on Manhattan's West Side, in part by purchasing $100 million worth of development rights from Hudson River Park, are pitching two different options for the retail space at the site. One scenario for the 1,586-unit project announced earlier this month includes a big-box retailer, while the other envisions a smaller shopping space, but double the amount of parking.

Westbrook Partners and Atlas Capital Group have proposed five buildings on the site of the St. John's Terminal, between Spring and Clarkson streets along the Hudson River waterfront. In one version of the plan, a big-box retailer would take up 255,000 square feet of the project and be paired with 412 parking spaces. In the other, retail would take up 160,000 square feet, while the number of parking spaces would more than double, to 886.

Either way, the developers need approval from the City Council and the Department of City Planning. A green light would allow Westbrook and Atlas to purchase development rights from the park and circumvent some zoning strictures. Although the amount of space devoted to commercial, residential and public use are set, the partnership has left plans open for the project's retail and parking.

"We have not made any decisions about the possibility of including a big-box retailer, mostly-below grade, if rezoning is approved," said a spokesman for Westbrook and Atlas in a statement. However, "we look forward to an ongoing dialogue with the community throughout the public process."

A thumbs-up for the project, which also includes a tranche of apartments deemed affordable by the de Blasio administration, would mean the Hudson River Park Trust could sell off 200,000 square feet of its air rights over Pier 40—about a third of the unused development potential there.

"We anticipate close to 400,000 square feet of unused development rights would remain if the current proposal … is approved," said a park spokesman in a statement, noting that the law requires proceeds from Pier 40's air rights be used to repair the crumbling 15-acre dock.

Meanwhile, there are several other commercial piers along the five-mile park that carry their own unused development rights, likely totaling millions of square feet.

The trust has estimated that, at most, it could actually use for its own future developments or sell about 1.6 million square feet, which would be worth $700 million if future developers are willing to pay as much as Westbrook and Atlas, though that price will certainly change.

However, a 2014 study by Cornell University showed that there are few nearby development sites that could receive such a large infusion of air rights. That, coupled with the fact that the park has not settled on a long-term plan for its unused development rights, leaves unclear the actual amount it would unload over the long run.
===============================
http://www.crainsnewyork.com/article...ier-40-complex
Reply With Quote
     
     
  #13  
Old Posted Nov 2, 2015, 11:30 PM
grant1simons2 grant1simons2 is offline
Registered User
 
Join Date: May 2015
Posts: 5
Interesting... This was a vision for St. Paul, Minnesota, last year. Anyone else see some similarities?

Reply With Quote
     
     
  #14  
Old Posted Nov 21, 2015, 5:22 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
New Rendering:



Quote:
CONDOS TO SHADOW VILLAGE: In a deal struck by the City, two real estate investment firms will build five buildings facing Pier 40 starting at West Houston Street ranging in height from 240 to 430 feet containing 1,586 apartments. In a deal pushed by Councilman Corey Johnson, 476 units will be permanently affordable. The architects for the project are Cook and Fox who designed 150 Charles Street.
==========================
http://westviewnews.org/2015/11/decisions-by-default/
Reply With Quote
     
     
  #15  
Old Posted Nov 21, 2015, 7:56 PM
Crawford Crawford is online now
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,292
Looks pretty good. Cook & Fox usually do solid design work.
Reply With Quote
     
     
  #16  
Old Posted Nov 29, 2015, 1:55 AM
yankeesfan1000 yankeesfan1000 is offline
Registered User
 
Join Date: Aug 2010
Location: 10014
Posts: 1,573
And in that rendering the Car Wash site is soon to be home to this, demo is already underway.
Reply With Quote
     
     
  #17  
Old Posted Oct 17, 2016, 8:51 PM
NYguy's Avatar
NYguy NYguy is online now
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 37,203
http://therealdeal.com/2016/10/17/ci...rk-air-rights/

City planning commission approves $100M sale of Hudson River Park air rights
Westbrook Partners plans 1.7M sf mixed-use complex at St. John's Termina



October 17, 201


Quote:
The City Planning Commission approved the sale of air rights from the Hudson River Park Trust to developers who plan to construct a five-building, 1.7 million-square-foot complex across from Pier 40 on the Hudson River.

The Hudson River Park Trust, which manages the park, will sell 200,000 square feet of air rights to developers Westbrook Partners and Atlas Capital Group for $100 million, allowing the developers to move ahead with their proposed redevelopment of St. John’s Terminal at 550 Washington Street. The proceeds of the sale will be used to repair the pilings that keep Pier 40 afloat, Crain’s reported.

The deal still requires the blessing of the City Council, which will decide whether to approve the sale in the coming weeks.

The developers plan to transform the St. John’s Terminal, a three-block long building along the Hudson River, into an office and residential complex with over 1,500 apartments in four buildings, a hotel, and at least of 400,000 square feet of retail space.


http://www.crainsnewyork.com/article...state-20161017

Quote:
The developers made some minor modifications to the project, which is set to contain more than 1,500 apartments, after a number of concerns were aired during the public review process. Among the changes were the team agreed to build a 10,000-square-foot indoor recreation space that will be accessible to the public, and remove the rail structure over West Houston Street, which would open the area and provide a grand entrance to Hudson River Park.

"Rarely do we see applications with the potential to achieve so many public goals that are meaningful to such a very large range of stakeholders," said Director of the Planning Department Carl Weisbrod in a statement.

But whether those were enough to satisfy City Councilman Corey Johnson, the area's local representative, remains to be seen.

Last month, Westbrook began looking for a partner who would help it redevelop the St. John's Terminal, a three-block long, four-story building at 550 Washington St. that straddles Houston Street.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #18  
Old Posted Oct 17, 2016, 10:04 PM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Quote:
The developers plan to transform the St. John’s Terminal, a three-block long building along the Hudson River, into an office and residential complex with over 1,500 apartments in four buildings, a hotel, and at least of 400,000 square feet of retail space.
The unit count is impressive. Just a reference, but Astoria Cove had 1700 units over 4-5 towers so this will be quite a project along the Hudson.
Reply With Quote
     
     
  #19  
Old Posted Dec 3, 2016, 1:26 AM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
Council to vote on $100 million transfer of Pier 40 air rights

Quote:
A New York City Council committee is set to vote Monday on a transfer of $100 million of air rights from Pier 40 so builders Westbrook Partners and Atlas Capital can raise a 1.7 million-square-foot, mixed-use development across the street.

If the council's subcommittee on zoning and franchises approves the transfer, it is likely the full council will give the final approval later this month.

Hudson River Park Trust, the nonprofit entity that manages and operates the pier, is counting on the deal to pay for repairs to the pilings that support the structure.

In recent weeks, several sticking points have come up between Hudson River Park Trust, the developers and local Councilman Corey Johnson, who sits on the subcommittee and whose vote is considered essential to the transfer's approval.

Among them is Johnson's request that the Hudson River Park Trust agree not to transfer any more of the roughly $140 million of development rights that would remain at the pier to parcels near 550 Washington St. in the West Village, where Westbrook and Atlas would build their project. Madelyn Wils, the president and CEO of the trust, which oversees Hudson River Park, has expressed concern that agreeing to that prohibition of further air rights transfers could encourage other neighborhoods to bar it from transferring air rights from other piers, cutting it off from what could be key sources of revenue.

Wils said, however, that she prefers not to transfer the remaining Pier 40 air rights, but instead to use them to develop new commercial office space at the pier.

It wasn't immediately clear if Johnson, the trust and the developers have come to an agreement that will permit a deal to be approved by Monday.
===========================
http://www.crainsnewyork.com/article...-40-air-rights
Reply With Quote
     
     
  #20  
Old Posted Dec 6, 2016, 1:42 AM
chris08876's Avatar
chris08876 chris08876 is offline
Registered User
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 23,020
1.7 million square feet!


Council subcommittee approves $100 million Pier 40 air-rights deal



Quote:
A deal to transfer $100 million of air rights—which would fund Pier 40 repairs and green-light a large development across the street—was granted by a key New York City Council subcommittee Monday morning.

The approval from the Subcommittee on Zoning and Franchises likely means the full council will follow suit this month.


Attached to the deal is a rezoning of the development site at 550 Washington St., across West Street from the pier, that will permit owners Westbrook Partners and Atlas Capital to build hundreds of thousands of square feet of residential space on the commercially zoned property.

"Pier 40 is a treasured community resource and an important revenue generator for Hudson River Park," Madelyn Wils, the president and CEO of Hudson River Park Trust, which operates the pier, said in a statement. "Today's votes move us one step closer to ensuring that the urgently needed repairs to the pier's piles will be made, and the pier will stay open."

Westbrook Partners and Atlas Capital are planning to buy 200,000 square feet of air rights over Pier 40 to increase the size of the mixed-use development they envision at 550 Washington St. to about 1.7 million square feet. The pair's willingness to buy the air rights, providing funds for the deteriorating pier with athletic fields that have become a treasured amenity for the surrounding neighborhood, has acted as an incentive for the city to rezone the Washington Street site for residential use. The developers also plan to include affordable units among the hundreds of apartments they will build.

In past weeks, several sticking points emerged between Hudson River Park Trust, the developers and local Councilman Corey Johnson, who sits on the subcommittee and who held de facto veto power over the transfer.

To strike a deal, Hudson River Park Trust agreed to a request from the councilman to refrain from transferring any more of the remaining $140 million of development rights over Pier 40. Instead, Wils said, the trust will try to use the pier's remaining air rights to build on the pier itself, potentially constructing office space to rent out.
============================
http://www.crainsnewyork.com/article...ir-rights-deal
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 6:20 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.