Dawn in Midtown West | Credit: Unsplash
Good news, New York’s death toll from the coronavirus pandemic is steadily dropping. For the first time in over 100 years, the subway has shut down overnight to be cleaned and disinfected. The city has pledged to limit capacity at Hudson River Park and Domino Park to prevent overcrowding. The first rounds of street closures have been enacted throughout New York, and Manhattan’s Community Board 8 has called for the city to open Park Avenue to pedestrians between 8 a.m. and 8 p.m.
In the meantime, the frightened real estate industry continues to hobble along. Permits are still being filed, renderings are being revealed, and designers and developers are getting ready for their virtual Landmarks Preservation Commission (“Landmarks”) presentations. We gathered some bits we came across below.
In the meantime, the frightened real estate industry continues to hobble along. Permits are still being filed, renderings are being revealed, and designers and developers are getting ready for their virtual Landmarks Preservation Commission (“Landmarks”) presentations. We gathered some bits we came across below.
42nd Street from Sixth to Eighth avenues is mostly closed to vehicular traffic (CItyRealty)
In this article:
Sneak peek at DDG’s planned project in North Williamsburg
Rendering via PropertyIDX
In November 2018, DDG filed permits for a seven-story, 38-unit building at 102-110 North 1st Street. It also reportedly signed a 99-year ground lease for the site, an action that The Real Deal notes precludes traditional condos, but condops have not been ruled out. The permits, which have not yet been approved, call for no more than 7 units per floor and such amenities as an attended automated parking garage, bike room, elevator, storage, mailroom, lounge, common courtyard, and roof deck. DDG also bought $740K worth of air rights to allow their project to grow inside. A rendering shows a two-toned dark building with diagonal masonry and a bulging canopy. While more conservative than most of their previous projects such as XOCO Soho and 41 Bond, this design may still garner the occasional glance from a passerby.
This week's priciest new listing is a penthouse at celebrity-magnet 443 Greenwich that was being rented by Bella Hadid and the Weeknd
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The dream of outdoor living is ready to be captured in this incredible home that also includes a private parking space and massive deeded storage room.
Penthouse D extends across three floors and features 5,000-square-feet of interior living and over 1,000-square-feet of private, south-facing outdoor space. This one of a kind penthouse has the flexibility to be a 4 bedroom while still offering 4 full baths and a separate powder room. Full listing here.
Penthouse D extends across three floors and features 5,000-square-feet of interior living and over 1,000-square-feet of private, south-facing outdoor space. This one of a kind penthouse has the flexibility to be a 4 bedroom while still offering 4 full baths and a separate powder room. Full listing here.
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One of the 1884-built, Romanesque Revival-style building's most salient features are its black window shutters and a central courtyard that was reimagined by the landscape architects at HMWhite. Prior to its 2016 conversion, the building was home to a large community of artists. It's attracted a number of celebrities as we've previously compiled here.
Landmarks to review altered plans for Morris Adjmi-designed building at 1162 Broadway
Image via Morris Adjmi Architects for Landmarks Preservation Commission
In December 2013, Landmarks approved plans for a new hotel to be designed by Morris Adjmi Architects and to rise at 1162 Broadway, a vacant lot in the Madison Square North Historic District. Approved permits called for a 14-story, 52-key hotel. Since then, though, the certificate of appropriateness has expired and, in light of an overcrowded local hospitality market, the developer has decided to raise a commercial office building on the site instead. A new presentation, to be reviewed in a Landmarks hearing via Zoom and YouTube live-streaming on Tuesday, May 12, shows a 13-story building with water retention tanks on the roof and windows revised to reflect thicker corner condition and updated floor heights. Manhattan's Community Board 5 recommends approval, saying that “the proposed building has design features compatible and complementary with the district.”
Madison Avenue in transition again
Speaking of boutique hotels, the world's first boutique hotel The Morgan at 237 Madison Avenue is going partially residential with condos, hotel rooms/corporate housing. A restaurant/bar is planned on the ground floor. For those who've seen the film Eyes Wide Shut, the neighboring mansion, now home to the Polish Consulate serves as Victor's mansion in the film. The stretch beautifully shows the transition of Madison Avenue from a millionaire's row centered around Madison Square Park to a street that has become metonymous with the American advertising industry.
Own a peice of charming New York and refine it to your specifications
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The Upper West Side has seen some of New York's most beautiful historic architecture. Own a peice of it with this prewar townhouse at 256 West 75th Street recently listed for $8 million. The five-story building once served as an 11-unit SRO, but permits to transform it into a single-family townhouse were approved back in 2017. First, restore its protected exterior to its former glory, then add a private guest suite on the ground floor, a private garden out back, and a roof deck. Voila! Live happily ever after.
First glance at Columbia University’s massive new housing tower planned for its growing Manhattanville campus. Smells like a Renzo!
In December 2019, Columbia University filed permits for a new 34-story, 142-unit tower that would provide housing for graduate students and faculty at its new Manhattanville campus. ZD1 application has been approved, giving us our first look at the building has emerged. An axonometric diagram shows several setbacks in a tower measuring over 400 feet tall. It will rise on the site of a decades-old McDonald's, and the fast-food chain will be the building's ground-floor tenant. Completion was estimated for 2022, but it remains to be seen how the COVID-19 pandemic will affect that timeline. Despite the promise of McNuggets, the project has not been deemed essential construction.
Rare color photo revealed of the demolished Tribune Building; Plans made to bring down part of the Pace University building that replaced it
Lower Manhattan's Tribune Building was demolished in 1966 to make way for a brutal Pace University campus, but this rare colored photo is a reminder of the majesty that once stood on the site. Completed in 1875, the newspaper spire was one of New York's first skyscrapers and among the first three office buildings in the world to use an elevator.
Though surely not a viable Class-A office building, if it survived, it might have been considered for a residential/hotel conversion - see the successes of its neighbors at 150 Nassau Street (where closings have come in at an average price of $1,257 per square foot), The Potter Building (where a three-bedroom co-op is listed for $2.25 million), and the beautifully-restored Beekman Hotel, where listings at The Beekman Residences start at $1.4 million.
Though surely not a viable Class-A office building, if it survived, it might have been considered for a residential/hotel conversion - see the successes of its neighbors at 150 Nassau Street (where closings have come in at an average price of $1,257 per square foot), The Potter Building (where a three-bedroom co-op is listed for $2.25 million), and the beautifully-restored Beekman Hotel, where listings at The Beekman Residences start at $1.4 million.
One Pace Plaza West is planned to get a vertical extension while the tower behind will be demolished and air rights sold (FXFowle Architects)
Speaking of Pace University, the college will fully occupy a to-be-built, 215,000-square-foot tower at 126-132 Nassau Street nearby. The REIT, SL Green Realty, is developing the project and entered a 99-year ground lease to develop the site that is tentatively named 15 Beekman Street. Demolition permits for the existing four-story building were filed in late April 2020 and the project is to begin construction in January 2021, with occupancy planned for September 2023.
The new building will include classrooms, dorms, a library, and a learning center; and is to ultimately replace uses in its 50-year-old tower at One Pace Plaza East, which the school says needs extensive renovations and upgrades. A page detailing the school's master plan explains, "Once the new building is complete, we’ll sell development rights on One Pace Plaza and then take down One Pace Plaza east, including Maria’s Tower."
The new building will include classrooms, dorms, a library, and a learning center; and is to ultimately replace uses in its 50-year-old tower at One Pace Plaza East, which the school says needs extensive renovations and upgrades. A page detailing the school's master plan explains, "Once the new building is complete, we’ll sell development rights on One Pace Plaza and then take down One Pace Plaza east, including Maria’s Tower."
Maria's Tower (David_Shankbone for Wikipedia)
The lost Tribune Building the Pace campus replaced
Listing of the day: A charming West Village one-bedroom on cobblestoned West 12th Street
This architecturally designed space is filled with natural light coming in from south-facing windows that overlook a garden. Additional features include an open living room, large bedroom, hardwood floors, two decorative fireplaces, and ample storage space. Full listing here.
New predictions for the future of residential amenities
As the new decade began, the amenities race in New York's luxury buildings show no sign of slowing down with such offerings as IMAX theaters, infrared saunas, and meditation studios moving in alongside the now-standard gym, business center, and game lounge. But a few short months into 2020, the COVID-19 outbreak forced buildings to temporarily close the amenities and forced developers to re-evaluate their approach. The modern buyer or renter has come to accept a well-thought amenity suite as a trade-off for small apartments, but it remains to be seen how these can allow for both safe social distancing and enjoyable experiences. Adding compartmentalization to the amenity space might be too disruptive; as Adam Meshberg told Bisnow, "Separate, but together, is how people will want to use their amenities."
"It’s unlikely that common amenity space will go away, but there will be modifications to allow for increased compartmentalization, such as by using discrete, demountable screens or doors." —Joe Yacobellis, associate at Mojo Stumer Associate
The 1,115-unit 5Pointz development in Long Island City is to launch leasing in the coming months with amenity spaces designed by Mojo Stumer
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