Midtown East

May 11, 2016

The ‘One57 of Assisted Living’ Will Charge Seniors $20,000 a Month

Luxury isn't exactly the word that comes to mind when one thinks of a T.G.I. Friday's, or an assisted living development for that matter, but the chain restaurant's midtown location will soon yield the "One57 of Assisted Living." Bloomberg reports that Welltower Inc., the country's largest senior-housing owner by market value, teamed up with developer Hines (who is also behind the nearby MoMA Tower) to purchase the site at 56th Street and Lexington Avenue, just a few short blocks from Billionaires' Row and the prestige of Park Avenue, where they'll build a 15-story tower "to accommodate wealthy Manhattanites in need of assisted-living and memory-care services." And wealthy is not an understatement -- monthly rents will start at $20,000, and keep in mind that this isn't covered by insurance.
More details ahead
May 9, 2016

Rafael Viñoly Admits 432 Park ‘Has a Couple of Screw-Ups’

432 Park Avenue is the supertall that New Yorkers love to hate. From calling it the "oligarch's erection" to spilling the beans about cracks in its facade, critics of the tallest residential building in the western hemisphere are quick to try to bring the tower down from its 1,400-foot pedestal. And strangely, its very own architect is the latest jump on the bandwagon. The Post reports that Rafael Viñoly admitted at a Douglas Elliman talk last week that his creation "has a couple of screw-ups," namely the window framing, which he blames on developer Harry Macklowe, and the tiny issue of "the interior design and layout." (And The Real Deal has an entire roundup of zingers he delivered during the talk.)
Find out more this way
May 7, 2016

Leasing Begins at Neo-Brutalist Rental Tower in Midtown East

Leasing has begun at Midtown East's newest rental building at 235 East 44th Street. Developed by CMSJ Development, the 70,000-square-foot, ground-up building contains 67 units across its 19 floors. For current availabilities, monthly prices start at $3,300 for studios, $4,500 for one-bedrooms, $6,105 for two-bedrooms, and $8,100 for three-bedrooms. Designed by Gerner Kronick + Valcarcel Architects, it's is situated mid-block along a dense urban canyon just two blocks east of Grand Central Terminal and one block west of the United Nations. Its street-facing exterior is finished in GKV's trademark aesthetic of exposed cast-in-place concrete, reminiscent of the Brutalist movement of the 1950s and '60s. The tower's glass walls and concrete floor slabs undulate in opposite directions, softening the raw materials and adding fluidity to the building's form.
Interior apartment details this way
May 4, 2016

432 Park Avenue Reveals Glowing White Cube for Retail Space

While most of the news surrounding Rafael Viñoly's iconic 432 Park Avenue has been about big ticket closings at the Billionaire's Row blockbuster with a $3.1 billion projected sellout, developer Macklowe has revealed more about what the news-making skyscraper's 130,000 square feet of retail and office space, divided over several floors, will look like. Adding an even more attention-getting element to the tower, a portion of the building's retail space will be located in a two-story white glass cube at the corner of East 57th Street and Park Avenue.
Find out more
April 25, 2016

Chetrit to Sell Sony Building, Abandons Plans for Robert A.M. Stern-Designed Condos

In a very unexpected twist, The Real Deal has learned that the Chetrit Group is selling the Sony Building, scrapping its flashy plans to convert the office building's upper floors to luxury condos designed by none other than Robert A.M. Stern. Olayan America, a division of the Saudi conglomerate Olayan Group, is in contract to purchase 550 Madison Avenue, partnering with European and Asian asset manager Chelsfield. According to the Post, they'll pay between $1.4 and $1.5 billion, a profit of at least $300 million for Chetrit. In a statement, Olayan said they'll lease space to "high-quality commercial tenants."
Find out more
April 11, 2016

One of Manhattan’s Last Wood Frame Homes Is Up For Rent Asking $13K/Month

There are very few wood frame homes remaining in Manhattan -- with some sprinkled throughout neighborhoods like the Upper East Side and the Village -- but here's one at 312 East 53rd Street, in Turtle Bay. It was constructed in 1866, right before the city prohibited further construction of wooden buildings due to the fire hazard. Since then, this home, and its wood-framed neighbor next door, amazingly still stand. Residents of both homes can be traced all the way back to 1866 -- No. 312 was once occupied by Lincoln Kirstein, who would go on to found the New York City Ballet. Its latest owners are Jessica and Robert Nacheman, a principal at the engineering firm Thornton Tomasetti, who bought it back in 2012 for $2.275 million and put it up for rent.
See more of the interior
April 6, 2016

The Last Day to Dine at the Iconic Four Seasons Is July 16th

Despite its interior landmark status and role as the quintessential Midtown "power lunch" spot, the Four Seasons has been facing an uncertain future for the past year. In May, a small victory was had when the Landmarks Preservation Commission rejected Aby Rosen's plans to re-conceptualize the Philip Johnson-designed space, but it was short-lived, as Crain's now reports that the Four Seasons will close its doors on July 16th after serving New Yorkers since 1959. Rosen did not renew the lease and plans to replace the restaurant with what will be considered a more "hip" eatery. As the Post shares, of-the-moment restauranteurs Mario Carbone, Rich Torrisi, and Jeff Zalaznick (of the Major Food Group and trendy restaurants like Parm and Dirty French) signed to take over and partner with Rosen, who will increase the rent to $3 million a year.
The full story here
March 31, 2016

Demolition Begins for 50-Story Midtown East Skyscraper, New Rendering Released

Just northeast of Grand Central Terminal at 141 East 47th Street, Brooklyn-based New Empire Real Estate (NERE) is moving ahead with plans to build a svelte 49-story condominium tower. New building permits were filed yesterday, an updated rendering has been released, and removal of the site's low-slung structures has commenced. NERE's skyscraper will rise mid-block along the northern blockfront of 47th Street between Lexington and Third Avenues. Up until the still-under-construction hotel rising at 147 East 47th Street, the block was one of the few remaining in Midtown East that had been spared the imposition of a post-war high-rises.
Get the scoop
March 30, 2016

Richard Meier-Designed Tower Finally Begins Construction at Turtle Bay South Complex

Construction has finally begun on the westernmost lot of Sheldon Solow's Turtle Bay South master plan, 16 years after the developer purchased the site. Excavators are picking away at the 30,000-square-foot site at 685 First Avenue that has long held a surface parking lot and is just a small portion of a larger, long-planned development straddling First Avenue between East 35th and 41st Streets. Last August, plans were filed for 685 First, which will be a girthy 42-story residential tower with 555 rental units and 800,000 square feet of gross floor area. The tower is being designed by Pritzker Prize-winning architect Richard Meier, a surprising choice given the American architect is best known for his modest-scaled projects and white exteriors, while Solow is best known for their monolithic towers sheathed in black glass curtain walls. Nevertheless, when complete, the tower will be Meier's largest ever project in New York and will be just one of four residential towers and a pavilion he is scheduled to design for the billionaire developer.
More details and renderings ahead
March 8, 2016

Renderings Revealed of Turkey’s Shiny, New 32-Story Consulate Tower

Though Perkins Eastman's design of Turkey's forthcoming 32-story consulate tower was inspired by a Turkish crescent (a large, ornate, gilded instrument), the firm took a very streamlined approach to their vision, using swooping curves and geometric patterns to "evoke Islamic themes and Turkish art and culture," as 6sqft previously described. The Turkevi Center will rise along Consulate Row, at 821 United Nations Plaza, the corner of 46th Street and First Avenue. According to a press release first spotted by Curbed, it will "feature prominent loggias along the upper floors of the south and east faces, and be stacked atop a podium wrapped in perforated metal paneling." The project had been on the drawing board for more than three years, but Perkins Eastman have now received the green light to move ahead with the building that will house new consulate offices, passport and visa branch offices, conference rooms, a multi-purpose prayer room, fitness center, auditorium, underground parking, and residential space for staff and visitors.
Additional details and renderings ahead
March 4, 2016

Why Micro-Apartments in Carmel Place Are So Expensive

We’ve been hearing a lot recently about the city’s new micro-apartments. As 6sqft has reported, NYC’s first micro-apartment complex Carmel Place (formerly My Micro NY) at 335 East 27th Street began leasing at the end of last year. The nine-story modular development in Kips Bay has 55 studios that are 260 to 360 square feet. Of these, 22 are affordable and they’ll go from $950 to $1,500 a month. Market-rate units on the other end range from $2,540 to $2,910. According to CityRealty, the average rental price per square foot for New York City apartments overall is $51, while Carmel Place units ring in at $98 per square foot. The idea of micro-housing was presented, in part, to address the need for more affordable apartments. So why is it that the result is what a recent New Yorker article calls “micro-luxury" housing?
Small Is Beautiful–but Not Affordable
March 2, 2016

Six Architects Reimagine the MetLife Building As an Eco-Friendly Tower of the Future

Earlier this week, the six finalists in the "Reimagine a New York City Icon" competition were announced (h/t NY Yimby). The competition to reimagine the MetLife Building, sponsored by Metals in Construction magazine and the Ornamental Metal Institute of New York, isn’t part of any real-life plans for the iconic Midtown tower, but when great minds get to this kind of imagining, great ideas are born. Architects and engineers were asked to "reimagine 200 Park Avenue with a resource-conserving, eco-friendly enclosure—one that creates a highly efficient envelope with the lightness and transparency sought by today’s office workforce—while preserving and enhancing the aesthetic of the building’s heritage." Designed by Emery Roth & Sons, Pietro Belluschi, and Walter Gropius, the 59-story MetLife Building, located to the north of Grand Central Terminal, opened in 1963 as the Pan Am Building. MetLife bought the building in 1981, and though they sold it in 2005, the architectural icon keeps their name. Below are the finalists' descriptions and renderings for the tower's eco-friendly future.
See what the finalists came up with
February 3, 2016

For $23 Million You Can Be Donald Trump’s Downstairs Neighbor

A sprawl-o-rama of a penthouse a few floors below the Donald’s Trump Tower apartment is on the market for $23 million, but you’re paying for dizzying views and a palatial floor plan, not proximity to the building’s progenitor–though he did once own the apartment back when it was home to his mom and pop. It’s also rumored (according to Page Six) that Trump rented the pad out to his pal Michael Jackson and his new bride Lisa Marie Presley for $110,000/month back in the day, so you’ve got all sorts of party tidbits to go with your ridiculously enormous apartment. And if your dream is to re-live the '80s like a boss (and by that we mean nonagenarian dowager), the 3,725-square-foot, four-bedroom pad is ready for your key in the door. Otherwise you might want to do a little renovation.
See the whole spread
January 29, 2016

Donald Trump’s United Nations Tower Is the City’s Most Valuable Condo

He may have taken a hit last night with his anti-debate veterans rally, but Donald Trump has come out on top here in the city. The Real Deal analyzed the Department of Finance’s preliminary tax rolls and found that his Trump World Tower at 845 United Nations Plaza is the most valuable condo building in New York City based on tax collection purposes. "The 362 condo units in the Midtown East building, which Trump completed in 2001, have a total market value of $238.27 million in fiscal year 2016," they say. To boot, Trump Place at 220 Riverside Boulevard comes in eighth on the list.
See the other frontrunners
January 14, 2016

World Reaches 100 Supertall Skyscrapers With Completion of 432 Park Avenue

As of December 23, when the slender 1,396-foot-tall 432 Park Avenue condominium tower was officially pronounced complete by the Council on Tall Buildings and Urban Habitat (CTBUH) as the building was "partially habitable," it became the world’s 100th supertall skyscraper (h/t TRD), categorized as those at least 984 feet in height. In addition to being the world's tallest all-residential building, 432 Park Avenue is also the world's 14th-tallest building overall and the city’s seventh supertall skyscraper. In fact, New York has the second-highest number of supertalls on the planet.
Find out more about the world's tallest towers
January 13, 2016

See How Atelier & Co. Would Transform This 432 Park Unit Into a Palace in the Sky

432 Park Avenue recorded its first closing last week: a 4,000-square-foot, 35th-floor pad that sold for a cool $18.1 million. For the critics who find the supertower's minimalist exterior and Deborah Berke-designed interiors a bit too austere, take a peek at this layout designed by the classically-attuned firm of Atelier & Co. The unit's square footage and its north-, south-, and east-facing exposures are akin to the unit that closed last week. Raphel Viñoly/WSP Cantor Seinuk's structural tube design provides column-free layouts, allowing for flexible reconfiguration of interior spaces. For this 40th floor spread, Atelier nearly doubles the size of the master bedroom and removes the sitting room to create a vast living and dining area dissected by a grand and ornate bookcase.
See it all right here
December 18, 2015

Why Is the Face of This Clock in Central Park Rotating Backwards?

At first glance, it looks like an ordinary 19th century street clock, but when you notice its movement, things get a little weird. Located at Central Park's Doris C. Freedman Plaza, the clock's face rotates backwards, while the second hand appears to remain upright and stationary at all times (h/t Laughing Squid). What'll really throw you for a loop is that the clock is displaying the correct time, but because of how accustomed we are to the regular rotation, it's almost impossible to read. Titled "Against the Run," the clock was created by Alicja Kwade for the Public Art Fund. The Polish-born, Berlin-based artist wanted to challenge "the systems we invent to make sense of our lives," thereby forcing us to "see 'reality' from a new perspective."
More about the trippy clock
December 8, 2015

Get a Look at the 900-Foot Views From Norman Foster’s Sutton Place Tower

Bauhouse Group received permits just a week ago to raze a string of buildings at 428-432 East 58th Street in Sutton Place, and as 6sqft previously reported, the developer had tapped starchitect Norman Foster to design the 900-foot luxury residential tower. New York Yimby now has a first look at the building's stunning views from 100 feet and up. From the top, "just some of the things you’ll be able to see are Central Park, the George Washington Bridge, 432 Park Avenue, the Empire State Building, the Chrysler Building, Sony Tower, the Citigroup Center, One World Trade Center, the Ed Koch Queensboro Bridge, Roosevelt Island, the RFK Bridge, the Hell Gate Bridge, the United Nations, and the Williamsburg Bridge."
More views and details
December 7, 2015

This $8.5M Turtle Bay Townhouse Is a Timeless Classic With Pops of Modern

Without hype or hyperbole—though certainly compliment-worthy—this 1890s townhouse on a classic and lovely East Side block has all the modern upgrades you'd need, thanks to complete renovation in 2006. And for traditional brownstone buffs, 327 East 51st Street’s refined facade, gated courtyard, interior details and traditional stoop all add up to a quintessential New York City townhouse. Mechanicals, plumbing, lighting and electrical systems have all been updated and now include a new Crestron home audio system, a four-zone HVAC system, four automatic gas fireplaces, a state-of-the-art security system and lots of well-planned storage space.
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December 7, 2015

Skyline Wars: One Vanderbilt and East Midtown Upzoning Are Raising the Roof…Height!

Carter Uncut brings New York City’s breaking development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us the second installment of nine-part series, "Skyline Wars," which examines the explosive and unprecedented supertall phenomenon that is transforming the city's silhouette. In this post Carter zooms in on Midtown East and the design of One Vanderbilt, the controversial tower that is being pinned as the catalyst for change in an area that has fallen behind in recent decades. Despite some objections from community boards and local politicians, New York City is moving ahead with the rezoning of East Midtown between Fifth and Third avenues, and 39th and 59th Streets; and earlier this year, the de Blasio administration enacted an important part of the plan, a rezoning of the Vanderbilt Avenue corridor just to the west of Grand Central Terminal. The Vanderbilt Avenue rezoning included approval of a 1,501-foot-high tower at 1 Vanderbilt Avenue on the block bounded by Madison Avenue, 42nd and 43rd Streets. The tapered, glass-clad tower, topped by a spire, is being designed by Kohn Pedersen Fox for SL Green. Mayors Bloomberg and de Blasio have championed the 1 Vanderbilt proposal despite serious concerns voiced by numerous civic organizations over the rezoning scheme that some see as “spot zoning” and the fact that the city has still not finalized nor published its complete rezoning package. Using air-rights transfers from the Grand Central Terminal area and zoning bonuses for providing $210 million for infrastructure improvements in the area, the tower will significantly alter the midtown skyline, rising several hundred feet above the nearby Chrysler Building and the huge and bulky but lower MetLife Tower straddling Park Avenue just north of Grand Central Terminal. Its 63 stories are several less than the Chrysler Building and just a few more than the MetLife Tower, which might be interpreted by some observers as indicated that it was in “context” with such prominent neighbors, but they are wrong.
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December 3, 2015

New Renderings of One Vanderbilt, Midtown’s Future Tallest Office Tower

The digital production studio Visualhouse has posted on their website our first motion video look at SL Green's 63-story office tower known as One Vanderbilt. Hailed to forever change the face of Midtown East and reinvigorate the business district, the $1 billion-plus, 1.6-million-square-foot tower was unanimously approved by the City Council this past summer, thus granting SL Green the green light to begin construction of the supertower immediately. Visualhouse's newly released renderings provide us with a clearer picture of how the building's full-block base will meet the street, and also remind us just how gargantuan the tower will be. According to the tower's architects Kohn Pedersen Fox (KPF), the tower will rise 1,401 feet to its spire, making it the second tallest building in the city upon completion. However, unlike the pencil-thin supertalls underway around Central Park, the project will throw up a substantial amount of bulk into the air.
See all the renderings
December 2, 2015

Sony Tower Conversion to Get 113 Robert A.M. Stern-Designed Condos

Curbed spotted the freshly launched teaser site for the Chetrit Group's Sony Tower conversion, now going by the name 550 Madison, which revealed several new details about the project. The most notable is that Robert A.M. Stern will be designing the "opulent" condos, and we assume this includes the $150 million triplex penthouse. Interestingly, Stern was once a student of Philip Johnson, who is responsible for the ground-breaking Sony Building. In all, there will be 113 condo units on floors 21-43, up from the previously reported 96, as well as a 170-key luxury Parisian hotel and high-end ground-floor retail.
More details this way
November 20, 2015

$16M ‘Trophy’ Penthouse Boasts Solarium, Wrap-Around Terrace, and Lots of Color

The listing calls this a "trophy" penthouse, and with all the bells and whistles that come with the apartment, they're not lying (h/t Curbed). The co-op spans the 17th and 18th floors of 400 East 59th Street, a prewar building in Sutton Place built in 1928 and converted in 1981. It's got four bedrooms, five bathrooms, and more outdoor space than you likely thought possible: a wrap-around terrace, a double-height solarium, a terrace off the master bedroom, and a private roof deck. In case you're wondering, that's 1,450 square feet of terrace space total. Oh yeah, there's also a dressing room in the master that's the size of a studio apartment. All this can be yours for a cool $16 million, a huge leap from its last sale in 2011 for a mere $4.35 million.
Take the tour
November 11, 2015

432 Park in Numbers: New Renderings and Superlatives Will Blow You Away

Now that Macklowe Properties'/CIM Group's 432 Park Avenue is nearing completion, with occupancy slated to begin in mid-2016 and 70 percent of units reportedly in contract, the development's marketing and branding agency DBOX has released a bevy of never-before-seen images of our skyline's newest icon. Being the tower of superlatives it is, it comes as no surprise that it boasts a marketing campaign to match. Employing sky-cams, drone photography, a million-dollar film, and breath-taking renderings and photography, 432 Park has perhaps the most elaborate promotional campaign ever conceived for a Manhattan condominium. With dozens of spectacular images to choose from, we hand picked a few to recap the development of this monumental supertower. We've also put together a timeline in numbers–from its record breaking height to its 1,200-pound marble sinks–to illustrate the extraordinary undertaking  that has paved the way for the tower to become the most successful and desirable condominium ever erected in the city (sorry One57).
See it all right here
November 11, 2015

Could This 19-Story Tower Replace Two Beloved Kips Bay Businesses?

The busy architects over at Issac & Stern posted on their website an image of a yet-to-be-built 19-story tower at 378-380 Third Avenue in Kips Bay. Their page indicates the building will be residential and commercial and will encompass approximately 61,000 square feet of floor area. The development would replace two existing five-story walk-ups that each contain well-regarded drinking and eating establishments. The ground floor of 378 Third Avenue is occupied by the east side branch of the highly rated Italian restaurant Coppola’s Trattoria, and next door at 380 Third Avenue, the ground floor is occupied by the bar Tavern on Third, which hails itself as one of the best Chicago Bears bar in New York City.
More details ahead
November 2, 2015

One Bedroom Co-op at the Beekman Hill House Is the Ideal Starter Apartment

Ah, the New York starter apartment. First-time buyers who don't have millions to spend are always on the lookout for the perfect one–something relatively affordable, charming, and not too small. This can especially be a challenge when buyers have prioritized a central Manhattan location. But among the sea of multi-million dollar condos, there's still a decent selection of more affordable one-bedroom co-ops throughout Manhattan, usually in larger prewar buildings. This particular apartment is located at the Beekman Hill House co-op, a 64-unit building built in 1930 at 425 East 51st Street. It's a decently-sized one bedroom with colorful charm, and it was just listed for $725,000.
Check it out
October 16, 2015

New Renderings of Handel Architects’ Torqued 43-Story Rental Underway Near Grand Central

Groundwork on BLDG Management's 43-story rental tower at 222 East 44th Street is quickly moving forward now that the large block-through parking garage that occupied the site has been removed. The 441,000-square-foot development situated midblock between Second and Third Avenues will house 429 residential units, 87 of which will be deemed affordable. East 44th Street is among the most densely built streetscapes in the city, and will be more so once three other high-rises projects on the stretch are complete. But as 6sqft reported in August, the 556-foot-tall, Handel Architects-designed development employs a unique massing where its elevations are torqued away from the street wall, granting additional light and air to residents.
This way for more details and renderings