Making sweet music: Steinway Musical Instruments is selling Steinway Hall to JDS Development Group for about $46 million.
The 247,000-square-foot, 16-story building at 109 West 57th Street opened in 1925 and houses the famed piano-maker’s flagship retail showroom. Steinway sold its stake in the Beaux Arts property to a consortium with JDS, Atlantic Development Group and Property Markets Group, Bloomberg reported. Read more
We’ve been spoiled rotten by the glamorous renderings for SOM-designed Baccarat Hotel and Residences, which started sales last week, and we’ve brought you floorplans and four more glossies of our favorite MoMA-facing crystal tower.
The 50-story Starwood Capital Group and Tribeca Associates project located at 20 West 53rd Street will have 61 condos atop a 114-room hotel. Read more
Sales at SOM-designed Baccarat Hotel and Residences officially kicked off today, with prices ranging from $3.5 million to $60 million for apartments measuring 1,000 to 7,400 square feet.
The 50-story tower by Starwood Capital Group and Tribeca Associates will have 61 apartments perched atop a 114-room hotel. Read more
We’re pretty gobsmacked (glass-smacked?) by these new renderings for Baccarat Hotel and Residences, the glittering, SOM-designed condo project by Tribeca Associates LLC and Starwood Capital.
We broke the news on pricing yesterday for the 46-story, 61-unit tower on 20 West 53rd Street. Available units start at $2.265 million for a 932-square-foot one-bedroom and range up to $60 million for the five-bedroom, 5.5-bathroom “pinnacle” duplex penthouse with 7,381 square feet of interior floor space and a 417-square-foot balcony. Read more
Go tall or go home: Extell has picked the designers of the Burj Khalifa for a mixed-use 1,550-foot-high tower planned for 225 W. 57th Street, on top of the city’s first Nordstrom Inc. department store.
Chicago-based Adrian Smith + Gordon Gill Architecture was recommended by Nordstrom, which has agreed to lease 285,000 square feet at the site east of Broadway between 57th and 58th streets, according to the Wall Street Journal. Smith was the lead designer for the 2,717-foot-tall Burj Khalifa in Dubai, which is the tallest building in the world.
The firm “is very expert in this field, and we want to do a really high-quality, great building,” Extell Development CEO Gary Barnett told the Journal. Other designers considered for the tower included Herzog & de Meuron and SHoP Architects. Read more
Get ready for New York’s tallest act yet.
Gary Barnett, the developer behind the 1,005-foot-tall One57, is planning an even more towering tower down the road at 225 West 57th Street, according to building permits filed last week. The new mixed-use project would measure 1,550 feet tall, beating out 1,397-foot-tall condo 432 Park Ave. for the city’s highest-flying building.
The residential tower will soar 88 stories and have over 1.2 million square feet (comparable to the 50-percent-shorter One57 and the Chrysler Building), which translates to very high ceilings and a wider build than the spindly 432 Park Ave. Read more
Midtown residents living near the collapsed, now-secured One57 crane are now permitted to go home, but might find themselves without power when they do.
Workers used a hand crank over the weekend to rotate the entire cab and crane platform closer to the south wall of the luxury condo tower at 157 W. 57th St., until the breakaway boom could be tied with steel cables and beams anchored to the building’s concrete columns. The two-day operation, planned by One57 construction manager Lend Lease Co., wrapped up Sunday evening, the Wall Street Journal reported. Read more
Boom goes the Donald: the crane that crumpled at One57 was not properly secured, real estate mogul and international pot-stirrer Donald Trump alleges.
“I know lots about cranes and lots about building, and I am looking at that crane right now,” Trump, who is not associated with Extell Development’s One57 project, told CNBC. “I have a window that’s just about even with that crane and I was watching it yesterday, and they didn’t tie it down,” he said, adding that all of the crane’s weight is to the back, resulting in “a very precarious position.”
8:00 p.m. UPDATE: Crews in Midtown are waiting until Hurricane Sandy passes before they attempt to secure the broken crane at One57, which will entail a climb up 74 flights of stairs in the unfinished building. The crane was last inspected Friday, a construction manager from crane operator Bovis Lend Lease told the New York Times.
5:50 p.m. UPDATE: The steam and electricity has been shut down and the streets cordoned off in the area of the One 57 crane collapse, NYC Mayor Michael Bloomberg said at a press conference. The FDNY is handling the breakdown as a third-alarm situation. Emergency responders cannot secure the crane because of dangerous gusts from Hurricane Sandy. The cause of the collapse remains unclear. ”Why it happened, nobody knows,” Bloomberg said, adding that the main body of the crane and the main cab seemed secure. ”The crane’s been used a long time by a reputable company.” The arm of the crane apparently was lifted and flipped over the cab. Read more
Forget Skyfall: the relentlessly glamorous, high-stunting extravaganza we need to see ASAP is the two-minute-long One57 film for prospective moneybags buyers in the development’s sales center.
Gary Barnett’s glamazon Midtown tower, ready for moving in next year, has more than $1 billion signed in contracts, with $300 million alone this summer.
Below, the New York Post describes the slick, Bond-worthy promo. Daniel Craig, eat your handsome, craggy heart out: Read more