“The project is now 10 years old, it’s time to build it!”
That was Andre Terzibachian’s response when The Observer emailed him about 400 Park Avenue South on Friday. A partner at Atelier Christian de Portzamparc, Mr. Terzibachian is responsible for many of the firm’s projects in New York, where the Pritzker Prize-winning Frenchman has had a number of surprising successes: the jagged LVMH North American headquarters on 57th Street; the skyline-redefining, outrageously priced One57 now rising a few blocks to the west; and beyond that, abutting the Hudson River, a daring complex of five towers at Riverside South.
All the while, 400 Park Avenue South was in the works the middle of Manhattan as a small-time developer tried, and eventually failed, to get an ambitious project off the ground. (Oddly enough, it is the only of Mr. de Portzamparc’s projects not somewhere on 57th Street.) Construction was set to begin after years of development and zoning approvals. Then the recession hit. In December, the site was sold to a partnership of two of the nation’s biggest builders, Toll Brothers and Sam Zell’s Equity Residential. It was not clear at the time what the fate of this crystalline castle would be, but it turns out Mr. de Portzamparc will be planting another shard in the New York skyline after all.
on the waterfront
As The Observer previously reported, Brooklyn Bridge Park had attracted a swell of high-profile development and design attention to the first new development parcel planned alongside the park. Calling for a hotel and luxury apartments, the competition attracted not only the firms we knew—Two Trees, Toll Brothers, Dermot, Extell and Hamlin—but also Starwood Read More
on the waterfront
The sun had not quite broken over the rowhouses and warehouses of Greenpoint Monday morning when The Observer arrived at the new concrete pier jutting out into the East River at India Street. The dock seemed barely finished, its concrete planks not entirely even, the sides of the structure lined with chain-link fencing. Whole sections were torn up and surrounded with orange construction netting.
When the ferry pulled up, ghost decals clinging to the foredeck, the passengers filed on, handing over their $4 tickets, joining the nearly 3,000 New Yorkers who have ridden the ferry each weekday since its launch in mid-June, according to the city—more than double the number officials had expected.
After ordering our locally brewed fair-trade coffee and a pain au chocolat, we turned to see a gay couple smiling across a starboard table, sharing a quiche, a floating picnic. On the port side was a pretty biracial pair staring out the window at Long Island City, its gleaming towers pulling into view. The woman held a breastfeeding baby on her lap.
The subway this was not.
on the waterfront
This is the last thing anyone was expecting, but it looks like a new shiny tower is coming to the Williamsburg waterfront, the site of one of its more troubled developments, in fact. In a bit of a coup, Douglaston Development will build a 40-story rental tower, according to The Journal, and while they have spent years struggling to sell their Edge development, the tower is actually being built next door, on the third North Side Pier site, which had been the provenance of Toll Brothers.
You’re welcome, Toll Brothers.
The big-time developers fumed, along with the mayor, when the Environmental Protection Agency decided to designate the Gowanus Canal a Superfund site last year. Playing a game of Hear No Evil, See No Evil, Speak No Evil, Toll threatened to pull out of a big 447-unit development on the Read More
Murray Hill, home of frat boys, basement bars and falafel stands, seems ripe for an NYU invasion. The school’s medical center just snapped up a condo for $8.95 million at 303 East 33rd Street, close to First Avenue and the NYU Langone Medical Center.
The sale hit public records yesterday evening, and will give Read More