Real estate kerfuffles

Not this again! (Getty)

Residents Evacuate Co-ops So That a New Crane Boom Can Rise At One57

Despite the rainy, windy weather that is set to hit New York tomorrow and a last-minute lawsuit filed to stop Extell from evacuating two co-op buildings adjacent to One57, plans to repair the crane broken during Hurricane Sandy are still moving forward Saturday morning.

Which means that the unfortunate residents of Alwyn Court, the landmarked building at the corner of Seventh Avenue and 58th Street, will either vacate the building voluntarily in the next few hours or face forcible eviction. The crane repair involves swinging a boom over Alwyn and two other buildings before hoisting it up the side of the unfinished tower. Read More

And then there were condos

11 Photos

The exterior. Check out the penthouse addition. (dbox)

The Carlton House: When You Want Extell, But Don’t Want to Pay One57 Prices

With prices ranging from $2.9 million to $65 million, no one can accuse Extell’s hotel-to-condo conversion at 21 East 61st Street—which just launched sales—of courting bargain hunters. But in comparison to Gary Barnett’s crown jewel rising a half mile away on 57th Street, the Carlton House looks positively affordable.

In comparison to anything other than uber-luxury condos poised to set records when they close for more than $90 million, the Carlton House is pricey indeed. Though anyone who was really hankering for the low end of the luxury market would be well-advised to stay away from Extell projects altogether—only Extell could make $65 million look, well, kind of reasonable. Read More

Skyscraper Living

Going big: The Trump International in Chicago. (Wikimedia Commons)

Gary Barnett Taps Architect of World’s Tallest Tower to Design NYC’s Tallest Apartment Building

There had been rumors that Gary Barnett had tapped Swiss starchitects and downtown darlings Herzog & de Meuron to design his supertall skyscraper at the corner of 57th Street and Broadway, but now The Journal reports that Adrian Smith is the architect for 225 West 57th Street. The bigger surprise, literally, may be that the 1,550-foot height for the Extell tower, which The Observer previously reported, may just be a starting point. Read More

Skyscraper Living

The facade of 1780 Broadway will be retained, but that's it. (Matt Chaban)

Demolition Begins on 1780 Broadway, Final Piece of Barnett’s 1,550-Foot 57th Street Tower

No sooner did Extell Development file permits for a new 1,550-foot residential tower on the corner of 57th Street and Broadway then scaffolding started to go up around one of the final properties comprising Gary Barnett’s little west side assemblage that will be home to the city’s tallest tower. On Friday morning, The Observer happened to be out for a stroll on the crosstown boulevard when we noticed construction workers assembling a sidewalk shed, the first sign of construction commencement.

A source close to Extell confirms that demolition will soon begin on 1780 Broadway, a 12-story building that was once home to BF Goodrich. At the time, this corner of Gotham was known as Automobile Row during the Gilded Age. Because of an agreement with the city’s Landmarks Preservation Commission, the facade of 1780 Broadway must be retained as part of any new building, so this will presumably be a careful deconstruction. Read More

Skyscraper Living

A hypothetical skyline, with 225 West 57th at right, One57 middle, 432 Park at left. (Curbed/NYO)

Gary Barnett’s Biggest Blockbuster Yet: 225 West 57th Street, New York’s First 1,550-Foot Tower

If King Kong were to swing into New York sometime this decade, he might actually have a hard time figuring out where to go.

In the original 1933 black-and-white classic, King Kong famously scales the two-year-old Empire State Building, cementing it in the conscience of the world as arguably its most famous skyscraper. Four decades later, the giant gorilla set his sights higher, standing astride the Twin Towers of the World Trade Center. Today, perhaps he might climb atop their succesor, the new 1 World Trade Center. But one gets the sense that King Kong is given to gigantism, so only the city’s tallest tower will do.

Until a few months ago, that would have been 1 World Trade. But since 432 Park Avenue began to rise skyward in April, the 1,397-foot condo tower developed by Harry Macklowe and CIM on the old Drake Hotel site would have claimed the skyline crown. It beats out its downtown rival by 29 feet, so long as one ignores the silly 400-foot sorta spire atop 1 World Trade. Should King Kong arrive sometime in 2014, this slinky tower would probably be his choice.

But a year or two after that, and he might turn his gaze further down 57th Street, past the already striking 1,005-foot One57 tower, Gary Barnett’s billionaire bauble nearing completion despite that crane accident. There it would settle on another tower being developed by Mr. Barnett, at 225 West 57th Street, just one block from what was already going to be the city’s tallest apartment building when it opens next year. The new tower’s height, according to building permits filed last week: 1,550 feet.  Read More

Frankenstorm

For some, danger, or at least an inconvenience. (Getty)

Extell Blames PR Guy Pissed About One57 Evacuations for Cashing in on Tragedy

PR maven Ronn Torossian, who was evacuated from his offices at 888 Seventh Avenue, has been passing around an op-ed to outlets across the city, Gothamist among them. He blames Extell Development for failing to maintain its now-crushed crane at One57, accuses the firm of negligence and mismanagement and endangering the people and economy of the city. “A thorn and open question remains the 90-story residential tower, One57,” Mr. Torossian writes, in his piece titled “Shame on Extell Development and Gary Barnett.”

“The city of New York should demand that Extell and Barnett pay back the city, residents and businesses back for the millions it will cost because of their negligence,” he concludes.

Extell released the following statement to The Observer taking Mr. Torossian to task for trying to capitalize on this misfortune. Read More

Frankenstorm

Safe? (Jerome de S/Instagram)

One57′s Broken Crane Appears Safe, but Will Not Be Secured Until After Hurricane Passes

For the past few hours, New Yorkers’ eyes have been trained on the skies, or at least their TV and computer screens. No, they are not watching out for the eye of the storm but the crane that Hurricane Sandy has dislodged in Midtown Manhattan. The boom of the crane attached to the billionaire-beloved One57 snapped back earlier today and has been hanging precariously ever since, but it has yet to break free, and the hope is that will be the situation until the storm passes.

At a press briefing this evening, Mayor Bloomberg said all buildings on West 57th Street between Sixth and Seventh Avenues have been evacuated, as well as “exposed buildings” on the same block of West 56th Street. Among the buildings evacuated were a hotel and some apartment and office buildings. “We’re sorry for the inconvenience, but better safe than sorry,” Mayor Bloomberg said.

The accident occurred at 2:35 p.m. today, according to a statement from Lend Lease, the general contractor on the project, the tallest apartment building in the city, at 1,005 feet, and also home to the most expensive sale ever, more than $90 million for the penthouse.

Mayor Bloomberg said the surrounding area had been secured, with steam, electricity and gas all being shut off to prevent any additional damage should the crane’s boom come loose.  Read More

Skyscraper Living

Hurricane Sandy Bears Down On U.S. Mid-Atlantic Coastline

Crane Collapses at One57, Developer Gary Barnett Hopes ‘No One Gets Hurt’ [Updated]

Sometime this afternoon, the boom of a crane atop One57 snapped back and now hangs precariously from the cab of the crane. So far nothing has fallen from the structure.

“Can’t talk now but we don’t know anything yet,” Gary Barnett, developer of One57, just told The Observer in a brief phone interview. “We’re doing everything we can, and hopefully no one is going to get hurt.” Read More

Skyscraper Living

The king has his crown. (Matt Chaban)

One57 Gets Its Crown—But Who Really Designed It?

The MAS Summit has offered plenty of rousing discussions about design and architecture in the city, and cities around the globe, for the past two days at the Time Warner Center. But there was also an unexpected architectural treat outside. As readers are well aware, we here at The Observer are rather obsessed with One57 and its skyward march. Now, for the first time we have seen, the curving cornice of the building has been installed.

This revelation was exciting not simply for the continued progress of the city’s biggest apartment building and the reshaping of the Central Park skyline, but also because of something we learned while reporting this week’s feature on Goldstein, Hill & West: it was they, and not the celebrated Christian de Portzamparc, who is responsible for the crown of One57. Read More

Skyscraper Living

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Goldstein, Hill & West: How New York’s Most Anonymous Architects Have Taken Over the Skyline

The sun was setting over New York harbor, and behind it, the coast of New Jersey. From the 17th floor of 11 Broadway, through the not-floor-to-ceiling, turn-of-the-last-century office windows, the Statue of Liberty was plainly visible. She appeared to be waving through the late-summer haze. Milling about and sipping champagne were some of the city’s biggest developers and their employees, names emblazoned upon apartment towers from this end of Manhattan to the other and beyond.

Silverstein, Ratner, Extell, Elad, Milstein, Glenwood, Trump. All the big firms were there, along with many other machers and dealmakers. It could have been a convention of The No Nonsense Apartment Builders Association of the Greater Five Boroughs. Instead it was the third anniversary party for Goldstein, Hill & West and the unveiling of their new downtown offices.

The foyer is painted a slick graphite gray, with a globular chandelier overhead, but beyond that, the designer pretense fades away. There are no amoebic benches, no plywood bookcases, no 3D printer for producing models of unusually torqued and cantilevered buildings. Little hangs on the walls besides drafting templates and zoning handbooks. It is this simplicity of design, aesthetic and attitude that draws the city’s biggest developers to the firm. Read More