Midtown

Things have been shaky for 111 West 57th Street since it came to light last month that construction on the world's will-be skinniest skyscraper was stalled at just 20 stories after Property Markets Group's Kevin Maloney and JDS Development’s Michael Stern were sued by real estate investment corporation and owner AmBase. Trying to salvage their $66 million investment, Ambase filed an injunction to stop lender Spruce Capital from seizing the $1 billion project, but yesterday a Supreme Court judge ruled that a strict foreclosure could move forward, meaning AmBase will likely lose its majority ownership, according to Crain's. On the flip side, the developers will now be able to proceed with construction on the 1,421-foot Billionaires' Row tower, whose units started going into contract earlier this month.
The full story

The Urban Lens: ‘Fifth Avenuers’ is a visual registry of the iconic street’s vibrancy and diversity

Photos © Nei Valente

August 25, 2017

The Urban Lens: ‘Fifth Avenuers’ is a visual registry of the iconic street’s vibrancy and diversity

6sqft’s series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. In this installment Brazilian designer and street photographer Nei Valente presents his series "Fifth Avenuers." Are you a photographer who’d like to see your work featured on The Urban Lens? Get in touch with us at [email protected]. Fifth Avenue: the street that divides Manhattan east to west; home to many of the world's most prestigious museums and famous buildings; high-end shopping destination; the road to Central Park; office district. There's no one way to describe the thoroughfare, nor is there one type of person associated with it. It's this vibrancy that branding designer and street photographer Nei Valente set out to capture in his new series "Fifth Avenuers." Over several months, Nei used his lunch breaks to capture "the unusual mix of tourists, blue- and white-collar professionals, and shoppers," creating "a visual registry of people and moments from one of the most iconic avenues in the world." His editorial style and candid technique is not dissimilar from that in "Newsstands," in which he documented the changing face of newsstands around the city. Ahead, Nei shares all his photos from "Fifth Avenuers" and fills us in on what went on behind the scenes.
Get it all right here

$2B redevelopment of Times Square’s Palace Theater gets new renderings

Rendering of the Palace Theatre entrance via Maefield Development

August 24, 2017

$2B redevelopment of Times Square’s Palace Theater gets new renderings

Two years since the plan’s approval by the LPC, the redevelopment of the historic Palace Theatre at 1568 Broadway is nearly ready to take off. The theater will be raised 29 feet above its current level, making room for 70,000 square feet of new retail and entertainment space. With help earlier this month from L&L Holding Company, who became an equity and development partner, the ambitious project continues to progress; as CityRealty discovered, new renderings show the theater enveloped by an expanded Doubletree Guest Suites hotel, a new glass facade, and a sweeping LED screen at its podium. And though the gilded Beaux-Arts interiors will be preserved (they're interior landmarks), some preservationists have expressed concerns that moving the actual structure is a bit too aggressive.
Find out more

De Blasio considering removal of Christopher Columbus statue near Central Park

Photo via

August 23, 2017

De Blasio considering removal of Christopher Columbus statue near Central Park

"Christopher Columbus is a controversial figure for many of us, particularly those that come from the Caribbean," said Puerto Rican-born City Council Speaker Melissa Mark-Viverito. According to DNAinfo, Viverito is calling on the city to consider removing the Columbus Circle statue of the Italian explorer as part of their larger 90-day review of "symbols of hate." She first introduced the proposal on Monday at a rally in East Harlem to remove another controversial statue, that of Dr. James Marion Sims, who achieved his title as the father of modern gynecology by performing experiments on slaves without consent and without anesthesia. Columbus, honored for discovering the Americas, is also believed to have enslaved and killed many of the indigenous people he encountered. In response, the Mayor's office said the proposal will receive "immediate attention." But of course, not everyone is happy about it.
Both sides of the debate

Policy

To avoid the PATH, will Hoboken commuters pay for pricey ferry service?

NY Waterway Ferry via Wikimedia

August 22, 2017

To avoid the PATH, will Hoboken commuters pay for pricey ferry service?

As 6sqft reported in April, NY Waterway launched an additional ferry route running from Hoboken to Midtown Manhattan in response to a train derailment and delays at Penn Station. And since Amtrak closed a few tracks for repairs, more commuters have opted to take the scenic ferry as an alternative. While the eight-minute ride was normally only available during transit crisis, it will become a permanent transit option on Sept. 5. And although the ferry is perhaps a quicker and more scenic alternative, it comes with a steep price of $274.50 per month, according to the Wall Street Journal.
Find out more

Transit

MTA will ‘modify’ Times Square subway mosaics that resemble the Confederate flag

Image via Wiki Commons

August 18, 2017

MTA will ‘modify’ Times Square subway mosaics that resemble the Confederate flag

The day after Mayor de Blasio and Governor Cuomo announced plans to review and remove controversial public Confederate structures and markers throughout the city, the MTA says it will do the same. Well, sort of. Over 90 years ago, station architect Squire J. Vickers installed mosaics resembling the Confederate flag at the 40th Street entrance for the 1, 2, 3 trains to honor early New York Times owner and publisher Adolph S. Ochs, who had "strong ties to the Confederacy" and was buried with a Confederate flag when he died in 1935. But yesterday, MTA spokesperson Kevin Ortiz told Gothamist, "These are not confederate flags, it is a design based on geometric forms that represent the 'Crossroads of the World' and to avoid absolutely any confusion we will modify them to make that absolutely crystal clear."
READ MORE

New rendering of Extell’s Central Park Tower shows sparkling all-glass facade

Rendering of Central Park Tower via Extell Development

August 15, 2017

New rendering of Extell’s Central Park Tower shows sparkling all-glass facade

A new rendering of Central Park Tower, slated to be the tallest residential tower on Earth, shows the most sparkling image of the residential building yet. Construction for Extell Development’s supertall, located at 225 West 57th Street on Billionaires’ Row, is underway and when completed, the tower is projected to be 1,550-feet tall. As CityRealty reported, the all-glass rendering appears to be taken about 900-feet above Central Park and leaves out rivaling towers, 432 Park Avenue and 111 West 57th Street. The $2.98 billion project is expected to be completed in 2019.
Find out more

August 8, 2017

NYPL’s historic Rose Main Reading Room is officially an interior landmark!

In May, State Senators Brad Hoylman and Liz Krueger drafted a letter to the Landmarks Preservation Commission asking them to designate the Rose Main Reading Room (one of the largest uncolumned interior spaces in the world) and the Bill Blass Public Catalog Room at the iconic Stephen A. Schwarzman Building on 5th Avenue as interior landmarks. Though the LPC has been criticized in the past for their backlog of potential landmarks, they quickly put the request on their schedule and just this morning voted unanimously in favor of the designations, which protect the spaces' murals, decorative plasterwork, metal and woodwork, light fixtures, windows, doors, balconies, built-in bookcases, and decorative elements.
Get the full scoop

Policy

After lease dispute, Secret Service vacates Trump Tower for trailer outside

Photo of Trump Tower via Krystal T’s Flickr

August 4, 2017

After lease dispute, Secret Service vacates Trump Tower for trailer outside

The Secret Service has left its central command post inside Trump Tower after an argument between the agency and the Trump Organization over the lease agreement for the space. While the Secret Service previously placed its supervisors and backup agents one floor below the president's apartment, the Washington Post reported that in early July, the agents were relegated to a trailer on the sidewalk. Although President Trump has not been to his eponymous tower since he was inaugurated in January, the Secret Service still treats Trump Tower as the president’s permanent residence.
Find out more

Celebrities

A giant, undulating 3-D billboard will debut in Times Square this month

Image via Radius Displays

August 3, 2017

A giant, undulating 3-D billboard will debut in Times Square this month

By Diane Pham

Real New Yorkers will do anything they can to avoid the chaos of Times Square, but debuting in less than a week is a technological marvel that might draw even the most Midtown-adverse out of their Uptown or Downtown havens. As CityRealty first reports, Radius Displays, a leading digital sign producer, has plans to introduce a massive 3-D video display in the ad-drenched stretch this month. The billboard, which they are billing as "unlike anything else in Times Square, or indeed the world,” will not only span an impressive 2,600-square-feet but be made up of thousands of individual panels capable of creating mind-boggling Inception-like effects.
more details here

Despite legal troubles, the first units at 111 West 57th Street go into contract

Rendering of 111 West 57th Street via Property Markets Group

August 3, 2017

Despite legal troubles, the first units at 111 West 57th Street go into contract

Just last week, 6sqft covered the financial and legal woes of Property Markets Group and JDS Development’s super tall and slender tower at 111 West 57th Street. Despite reports that construction had stalled over budget overruns and a potential foreclosure, the first condominiums, at what is lined up to be the world’s future tallest residential skyscraper, just went into contract (h/t The Real Deal). While Apollo Commercial Real Estate Finance, which issued a $325 million mezzanine loan for the project, did not share exactly how many units out of 60 are under contract, CEO Stuart Rothstein told TRD, they sold at “prices well over (Apollo’s) basis.”
Find out more

July 27, 2017

World’s skinniest skyscraper at 111 West 57th Street stalled at 20 stories by soaring costs

The construction of Property Markets Group and JDS Development’s 1,421-foot-tall tower at 111 West 57th Street has been the subject of much anticipation and excitement, as it's slated to be among the tallest residential skyscrapers anywhere and the world's most slender with a height-to-width ratio of 24:1. But after rising only 20 stories, the SHoP Architects-designed Billionaires' Row addition has stalled, plagued with budget overruns and headed for foreclosure, the New York Post reports.
What could possibly have happened?

July 19, 2017

New York State gets approved for $550M loan for new Moynihan Station

The first phase of Governor Cuomo’s plan to revamp Penn Station wrapped up last month with two new entrances opening on the corners of West 31st and West 33rd Streets and Eighth Avenue. Plus, the West End Concourse was expanded and now boasts a new color scheme, LED screens and murals. Adding to the project's progress, the state was approved for a federal loan on Tuesday for up to $550 million for the second phase of the plan, which will convert the Farley Post Office across the street into Moynihan Train Hall, expanding Penn Station floor space by 50 percent, as reported by Politico NY.
Find out more

First look at Central Park Tower’s palatial amenity spaces and apartment layouts

Central Park Tower renderings (Extell / AS+GG)

July 12, 2017

First look at Central Park Tower’s palatial amenity spaces and apartment layouts

We expected that Central Park Tower, the city's tallest-tower-to-be swiftly rising at 225 West 57th Street, would be giving Midtown record-smashers like 432 Park Avenue a run for their trophy-tower money. And now newly-revealed details uncovered from the building's EB-5 brochure offer a first glimpse of what the upcoming supertall's rivals could be up against. The preliminary overseas marketing images spotted by CityRealty show off the 1,550-foot-tall building's apartment layouts and the ultra-luxe amenity spaces that will sit high above the hotel and Nordstrom, the building's flagship retail tenant. Developer Gary Barnett's new condo development is the most expensive ever attempted in the city and is projecting a $4 billion sellout including retail and hotel tenants.
Sky palaces and amazing amenities this way

July 7, 2017

Extell’s Central Park Tower will have a $95M penthouse and 100th-floor ballroom

With massive condominiums, private elevators and a 100th-floor ballroom that overlooks Central Park, Gary Barnett and Extell Development won’t have much trouble luring the world’s richest to their ambitious $4 billion Central Park Tower. Although the building at 217 West 57th Street, slated to be the tallest residential tower on Earth and most expensive in NYC, won’t be completed until 2019, the Real Deal discovered the building’s floorplans and the price breakdown for each unit. According to filed documents, 20 of the 179 condominiums in the building have a price tag of $60 million and above. The most expensive unit listed? A $95 million penthouse that contains four bedrooms, a 2,000-square-foot terrace and an outdoor pool.
See the floorplans

June 28, 2017

Map: Where to watch the Macy’s fireworks this July 4th

Here's a handy guide outlining some prime spots for experiencing Macy's Fourth of July live fireworks extravaganza this Tuesday evening; in addition, the folks that put on the show have provided a helpful interactive neighborhood finder so you're well situated when things go boom. Take a fun quiz here, then find out the best spots to watch from. Or just check out some prime spots here.
More info this way

Art Nerd NY’s top art, architecture, and design event picks – 6/15-6/21

Egg Rolls, Egg Creams and Empanadas Festival; Photo via Kate Milford for the Museum at Eldridge Street

June 15, 2017

Art Nerd NY’s top art, architecture, and design event picks – 6/15-6/21

By Lori Zimmer

Art Nerd New York founder Lori Zimmer shares her top art, design and architecture event picks for 6sqft readers! If you’re feeling low this week, head to Times Square for a round of artful applause, or to the Rubin for some pick me ups thanks to the world of sound. Step back in time (and flex your history knowledge) for a Jazz Age Drink and Draw, then test your modern New York history knowledge at the New York Now Scavenger Hunt. If you’re itching to learn, join a free history tour of Washington Square Park, take in an artist talk by Martha Rosler, then celebrate the diverse history of the Lower East Side at the Egg Rolls, Egg Creams, and Empanadas Festival. Finally, cozy up with a date for Bryant Park’s first screening under the stars with King Kong.
Details on these events and more this way

June 7, 2017

Macy’s may add public park to rooftop of Herald Square flagship

As part of a strategy to shore up its flagging retail business, Macy's is considering providing New York City with more public park space right on the rooftop of its Herald Square flagship store, the New York Post reports. Doug Sesler, EVP of Real Estate for the chain, said in an investor presentation Tuesday that the store was "Exploring ways to activate upper levels (e.g.rooftop) and overall property while retaining Macy’s store and presence." To attract shoppers and add more excitement to the shopping experience, Macy’s execs are looking at plans to develop the rooftop of the 2.2 million square-foot 34th Street store, including restaurants, green space, trees and benches.
Why a park?

Uncategorized

June 7, 2017

The MetLife Building’s letters are getting a makeover

While the Brutalist architecture of the MetLife Building, formerly the Pan Am Building, makes this 59-story skyscraper stand out among Midtown's many tall towers, its large sign touting its namesake makes it easy for all to identify. Beginning this week, the insurance company will replace the massive letters with a brand new typeface, as Crain’s reported. The installation of the new, more modern logo will be the first time the building’s sign has changed since 1993 when 15- and 18-foot-long letters spelling out MetLife replaced Pan Am’s sign. Additionally, the firm's new corporate logo--made more colorful in an attempt to shift their marketing strategy along with a new tagline "Navigating life together"--is being installed on the tower's east side.
Find out more

Architecture And Design

June 6, 2017

The National Debt Clock will move back to One Bryant Park

While the debt continues to grow, the ticker that estimates the current national figure is temporarily coming down this month. The National Debt Clock at 1133 Sixth Avenue will be moved on June 8 to make way for a new entrance at the Durst Organization’s building just one block away to One Bryant Park (aka the Bank of America Tower), the spot where the original clock first stood, as the Post reported. Real estate developer Seymour Durst first put up the ticker on the corner of Sixth Avenue and 42nd Street in 1989, when the debt was a mere $3 trillion. Today’s debt totals over $19 trillion, with each family’s average share more than $168,000, according to data from the US Treasury.
Find out more

Uncategorized

U.S. officials argue 650 Fifth Avenue is a secret front for the Iranian government

Image via Google Street View

June 2, 2017

U.S. officials argue 650 Fifth Avenue is a secret front for the Iranian government

Image via Google Street View For the past few years, the federal government has claimed that the tower at 650 Fifth Avenue, owned by nonprofit the Alavi Foundation, is controlled by the Iranian government, which would violate U.S. sanctions. Since the court decision that allowed the government to seize the 36-story building was overruled last year, a trial has kicked off again this week to determine if the organization was funneling money to Iran. As reported by amNY, the government must prove the office tower, worth just under $1 billion, is a front for the Iranian government and will do so using emails, letters and journal entries from an Alavi board member.
Find out more

Policy

Senators request interior landmark status for two NYPL reading rooms

Rose Main Reading room via NYPL

May 22, 2017

Senators request interior landmark status for two NYPL reading rooms

State Senators Brad Hoylman and Liz Krueger have asked the Landmarks Preservation Commission to designate the Rose Main Reading Room at the New York Public Library's main branch and the Bill Blass Public Catalog Room at the 42nd Street and Fifth Avenue branch as interior landmarks, according to DNAInfo. The library's main branch, the Stephen A. Schwarzman Building, was given landmark designation in 1967 and Astor Hall and the grand staircases within the building were designated as interior landmarks in 1974. Interior landmark designation would give the two reading rooms–favorites of literary greats including Norman Mailer, E.L. Doctorow and Elizabeth Bishop–the same protection moving forward.
Find out more

May 2, 2017

Congress budget deal will reimburse NYC for Trump Tower security in ‘protection package’ split with Florida

Congress agreed to a budget deal Sunday night that allocates money to pay New York City back for funds spent on protecting Trump Tower, reports the New York Daily News. The bipartisan agreement creates a $68 million "protection package," which will reportedly be split with Florida, where Trump's Palm Beach Mar-a-Lago mansion serves as his vacation home.
Find out more

April 11, 2017

Coughlin Architecture gives an actor’s 500-square-foot penthouse an efficient design update

By Rebecca Paul

Living in a tiny apartment no longer has a stigma attached to it. If anything, their inhabitants and the architects who outfit them seem to revel in their diminutive stature. One such example is this mere 500-square-foot penthouse apartment located on West 56th street across from the Hearst Tower, recently given a sweeping update by Coughlin Architecture. The home's owner, an actor splitting time between NYC and LA, requested an open, bright space, with a minimal kitchen and bathroom.
see more inside

Distinctive Homes

April 5, 2017

Ralph Lauren closing flagship store amid Fifth Avenue slowdown

Ralph Lauren announced Tuesday that it will close its flagship store on Fifth Avenue and 55th Street, citing falling revenue and rising rents. As reported by the New York Times, the company, which opened this location in 2014, plans to reorganize by investing more in their online stores. Keeping afloat a business on New York City’s most expensive shopping strip is not a problem unique to Ralph Lauren; Kenneth Cole, Juicy Couture, and H&M have also recently closed their doors. Soaring rents, plus a drop in tourism, has lead to an increase in vacant space along Fifth Avenue.
Find out more

Real Estate Trends

April 3, 2017

A skyscraper may be built on top of Lord & Taylor’s Fifth Avenue flagship