Barely Unstalled 3 World Trade Center Has Completion Date
Developer Larry Silverstein sure is optimistic about 3 World Trade Center. After procuring funding, the 80-story office tower has just started to rise again. And now he's gone and spouted excited platitudes about completion dates, probably because after waiting 14 years, even a little bit of construction work can induce euphoria. "The steel will top out in December 2016. By 2018 we'll have a finished building," he told the Post. "Beyond that, Tower 2 will ultimately follow ... And then we'll have essentially finished the new World Trade Center." Given past precedent and World Trade Center trademark delays, good luck with that timeline, Mr. S.
· 3 World Trade Center construction nearing an end date [Curbed]
· Glory Be, 3 World Trade Center Finally Started Rising Again [Curbed]
· All 3 World Trade Center coverage [Curbed]
· 3 World Trade Center construction nearing an end date [Curbed]
· Glory Be, 3 World Trade Center Finally Started Rising Again [Curbed]
· All 3 World Trade Center coverage [Curbed]
Another Building Named After No One; Landmarks Law Panel
UPPER EAST SIDE—In September, new condos in a converted brownstone at 225 East 81st Street hit the market from $3.5 million. Perhaps they weren't selling too quickly; once-nude broker Ryan Serhant is throwing a sales launch party in the building next Wednesday and is now marketing the building as "The Justin," a name referencing—it seems—no one in particular. Because unbefitting building names sell, right? [CurbedWire inbox; previously]
FINANCIAL DISTRICT—The New York Landmarks Conservancy is holding a panel discussion and reception on Tuesday, March 31 to commemorate the 50th anniversary of the passage of the NYC Landmarks Law. Speaking on the panel will be author Phillip Lopate, director of the Greenwich Village Society for Historic Preservation Andrew Berman, and architecture critic Paul Goldberger. More info here. [New York Landmarks Conservancy; previously]
The 151-unit condo towercurrently rising at 50 West Street is distinct for its curved glass facade, and the Times sat down with the gentleman responsible for them (besides architect Helmut Jahn). "A project manager whose speciality is curtain walls"—an accolade if there ever was one—Daniele Petroni shares his undying love for the material: "The views it makes possible translate into architecture having an open mind. Looking through this glass, your perspective instantly widens. It's magical. And it's gentle on the eyes." [NYT; previously]30 Park Place's Bonkers Penthouse Isn't Even That Expensive
Although a few massive floorplans have already been revealed for downtown's tallest residential tower at 30 Park Place, the newly-unveiled floorplan for the bonkers combined 78th- and 79th-floor duplex penthouse far and away takes the cake as the building's most extravagant digs. The duplex penthouse, which has yet to come to market, will ask about $65 million, a bargain alongside comparatively opulent apartments in the works.
Owner Set to Roll Out Chase Manhattan Plaza Overhaul
Chinese company Fosun International Ltd., which bought the landmarked One Chase Manhattan Plaza from JP Morgan Chase for $725 million in December of 2013, is present its proposed renovation of the iconic building to the public for the first time this evening, at a Community Board 1 meeting. But ahead of that, the Wall Street Journal has published a couple renderings, which were drawn up by Skidmore, Owings & Merrill, as well as some details of the planned overhaul. Fosun plans to put between $100 million and $200 million into a thorough overhaul of the tower and the plaza, adding more than 175,000 square feet of retail space, including 130,000 square feet three levels below ground. Fosun wants to replace the black granite at the base of the building with glass storefronts (naturally) and add a bunch of new entrances. More details should become available soon.
Calatrava's World Trade Center Hub Is a 'Glorious Boondoggle'
Santiago Calatrava's World Trade Center Transportation Hub has been referred to as many things, amongst them a "self-indulgent monstrosity," a "kitsch stegosaurus," and "LOL-ugly." It has also been endlessly derided for doubling its budget, making it the most expensive train station in history. Now, for NY Mag, Andrew Rice adds his two cents to the ongoing debate of the hub's architectural merit, the role of Calatrava's ego in its completion, and the calamitous process behind its rise, acknowledging that the project is indeed a "boondoggle" but a glorious one at that. In no less than 5,000 words, Rice expresses what he sums up so succinctly in one straightforward sentence, "Of course, you can simultaneously admire the design's ambition and wonder whether it was worthwhile." Now, the most informative, telling, and humorous lines from Rice's epic retrospective.
'Ground Zero Mosque' Developer Beefs Up Condo Tower Plans
Once-controversial Soho Properties chief Sharif El-Gamal just announced that he has tapped a minimalist Italian designer, Piero Lissoni, to design the apartment interiors and amenity spaces at his new condo building, set to rise at 45 Park Place between Church and West Broadway. The building, which is going to be 39 stories tall (or 665 feet) and contain 46 condos, will be designed by Michel Abboud of SOMA Architects. Construction is expected to begin in 2015, with estimated completion in 2017.
There's a rumor brewing that Battery Park's Ritz-Carlton wants to exclusively go the way of condos and nix its 289 guest suites. A Community Board 1 member told The Broadsheet Dailythat the posh hotel/condo development's board wants to sell the building for $790 million. The publication also reports that Moinian Group wants to convert 32 extended-stay suites over three stories of the W Downtown into apartments. [Broadsheet Daily; previously]What $4,100/Month Can Rent You in New York City
Welcome to Curbed Comparisons, a column that explores what one can rent for a set dollar amount in various NYC neighborhoods. Is one man's studio another man's townhouse? Let's find out! Today's price: $4,100/month.
↑ This Greenpoint apartment is described as a "true raw loft" and there is definitely no arguing with that. What walls it does have look like they were put up as a set for a play. Though we do doubt its claim of being a four-bedroom, there are at least two beds...somewhere. The layout involves ladders and is not entirely clear. It's asking $4,100/month.
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Woolworth Building Condos Aim to Break Downtown Record
[A new rendering, via Williams New York.]
The two units (currently under construction) that make up the 29th floor of the Woolworth Building are going to be listed for a combined $51.35 million, the Journal reports. Presumably the units would be combined in that case; they can also be purchased separately for $28.75 million and $22.6 million. If someone coughs up the full $51.35 million ask, the massive 11,450-square-foot apartment would technically break the Downtown condo record, beating out the Walker Tower penthouse that sold for $50.9 million last January. The true record-holder, though, would still be the One Madison-topping quadplex that Rupert Murdoch spent $57.25 million to assemble. But one of the levels, meant for guests, isn't connected to the other three, so it doesn't count.
The long-awaited World Trade Center transportation hub, designed by Santiago Calatrava to look like a bird in flight, is set to open this year. Right on the heels of a first glimpse inside the stegosaurus-like construction site, the Observer dares to ask: "Why Is Calatrava's $4 Billion World Trade Center PATH Station Covered in Rust?" Never fear, New Yorkers, because the final product will be as snow-white as the renderings: "Once all of the welding is done, the steel will be blasted, cleaned and the appropriate corrosion protection system and paint will be applied." Well, whew, because after $4B the thing shouldn't look dirty. [NYO; previously]Glory Be, 3 World Trade Center Finally Started Rising Again
Ever since embattled 3 World Trade Center got its groove funding backin order, we've been waiting for action at the construction site. And there it goes! A panopoly of shots from construction chronicler website FIeld Condition shows work proceeding above the formerly stalled seventh story. It will eventually reach 80 stories, but slow and steady wins the race, right? Developer Larry Silverstein expects the glassy office tower to open in 2018.
The Moinian Group has put a four-floor block of 32 units at the W Hotel & Residences on the market. The units, located on the 23rd through 26th floors, are currently leased to a Los Angeles-based management firm that rents them for extended stays, and are expected to something in the high $30 million to low $40 million range according to Cushman & Wakefield, who is handling the listing. [TRD; previously]
The Cortlandt Street 1 train station, which was destroyed by falling debris from the World Trade Center towers on September 11, will not reopen until 2018, the Metropolitan Transportation Authority says. The MTA voted yesterday to take over the project from the Port Authority at a cost of around $101 million. Construction has been complicated by the fact that the station runs directly under the World Trade Center memorial and all materials have to be brought in from underground. [NBC]
Michael Shvo's Enormous FiDi Tower Is Beginning To Rise
A tipster informs us that work started this weekend at 125 Greenwich Street, the future site of the 1,356-foot tower that Michael Shvo (along with Bizzi Partners) is developing, which, going by the renderings, looks like it's going to be a tall, slim, completely unembellished glass rectangle. The 77-story Rafael Vinoly-designed building will be Downtown's tallest residential tower, and will stand only 23 feet shorter than the city's record-holder, 432 Park Avenue. There is no targeted completion yet as of yet for the ambitious project, which will contain a total of 128 apartments, including 10 5,300-square-foot full-floor penthouses and a 10,600-square-foot duplex penthouse.
UPDATE: Though previous reports from sources involved with the development said that the tower would be 1,356-feet tall, New Building permits issued on February 12 put the building height at "just" 841 feet and 71 stories.
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