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Hearst to Rise Over Itself
New York City Mayor Michael Bloomberg recently joined Victor
Ganzi, The Hearst Corp.'s president and CEO, for a ceremonial
groundbreaking at the company's headquarters, 959 Eight Avenue
at the corner of 57th Street, two blocks south of Columbus Circle.
A new $500 million, 42-story, 856,000-sq.-ft. steel and glass
tower will soon rise over the squat six-story art deco building
originally built in 1928. The new building is designed by
Lord Norman Foster, whose previous work includes the renovation
of the British Museum in London and reconstruction of the
Reichstag in Berlin. The Hearst Building is his first design
to be built in New York City.
Tishman Speyer Properties, as development manager, is coordinating
the planning, design, approval, and permitting and construction
processes. The Cantor Seinuk Group is serving as structural
engineer and Flack and Kurtz as mechanical engineers. Turner
Construction Co. will be the construction manager.
Tishman Teams with Einstein
Tishman has also been selected to manage the construction
of the Albert Einstein College of Medicine's new Center for
Genetic and Translational Medicine at Yeshiva University in
the Bronx.
Called the Price Center, the 190,000-sq.ft, six-story research
center has been designed by Payette Associates. In addition
to the construction of the new Price Center, the $100 million
project includes the demolition of the existing Mazur Building,
interior renovation of the adjacent Forcheimer building to
create a new faculty/student center including the addition
of a food service wing, and library expansion.
Four Harlem Apt. Buildings Renovated
Novalex Contracting Corp. recently completed the renovation
of four Harlem apartment buildings that had been in serious
disrepair.
232 W.122 St., 63 W. 119 St., 571 W. 151 St., and 219 W.
121 St. were all brought back to life with a $1.3 million
construction loan provided by the Community Preservation Corp.,
with the city's Department of Housing Preservation and Development
providing an additional $1.8 million in construction and permanent
financing. Combined, the buildings now provide ten studio,
13 one-bedroom, five two-bedroom and ten three-bedroom apartments.
The four derelict buildings, which had been in substantial
tax arrears, were transferred to Novalex through HPD's Third
Party Transfer Program. The program, created under Local Law
37, allows the city to transfer title of tax delinquent residential
properties directly from the tax delinquent owners to responsible
new owners without ever taking title itself.
An Office Tower Grows in Brooklyn
The Atlantic Terminal Office Building, a 10-story, 400,000-sq.ft.
office building constructed above a four-story 375,000-sq.-ft.
shopping center, recently topped-off in downtown Brooklyn.
The complex, which is being built by Forest City Ratner Cos.,
is situated above the recently renovated Long Island Rail
Road station on Atlantic Avenue. The building's anchor tenant
will be the Bank of New York, which is leasing 320,000 sq.-ft.
The Metropolitan Tops Out
The Metropolitan, a 32-story steel luxury condominium building
located at 181 East 90th St. recently topped out. It was designed
b Philip Johnson/Alan Ritchie Architects in collaboration
with Schuman Lichtenstein Claman & Efron. The project
manager is Kreisler Borg Florman General Construction Co.
The developers are Roy Stillman and Martin Levine.
When completed, the Metropolitan will provide 94 apartments
for Manhattan's super-rich. Two bedroom apartments will range
between $1.3 million and $3 million; three and four bedroom
condos will cost up to $7 million each.
Losco Group Building Athletic Center
The Losco Group of White Plains, N.Y. has begun construction
of a new $25 million, 57,000-sq.-ft. athletic and wellness
center along side the existing Elting Gymnasium on the campus
of the State University of New York at New Paltz. As part
of the project, a new west-side entrance to the campus will
be built, complete with additional parking. The architect
on the project is Hillier Group's New York City office. It
is expected to be completed in November 2005.
Alvin Ailey Center Begins
Tishman Construction Corp., in its role as construction manager,
recently demolished a building at the corner of 55th Street
and Ninth Avenue and has begun excavation for the new $54-million
Joan Weill Center for Dance. It will be the new home of the
Alvin Ailey American Dance Theater.
The new transparent eight-story building (two below ground
and six above) was designed by Iu & Bibliowicz Architects
LLP and at 77,000 sq. ft. almost doubles the space of the
Ailey's current quarters on West 61 Street.
The building will include 12 dance studios, a black box theatre
with flexible seating for 295, administrative offices, a library,
costume shop and physical therapy facilities. Among the building's
most unusual features will be custom designed, isolated sprung
dance floor systems.
Skanska to Modernize Coney Island
Hospital
The modernization of Coney Island Hospital on Ocean Parkway
in Brooklyn has begun.
The New York division of Skanska USA Building Inc., serving
as construction manager for the $66 million project, has completed
demolition of two existing buildings and has begun construction
of a new 120,000-sq.-ft., 7-story addition and associated
fit-out. To be built on pilings, the new steel-framed addition
will house 212 medical/surgical beds, along with a first floor
Pediatric Ambulatory Care Facility.
The architect for the project is The Hillier Group of Princeton,
N.J. The project is being undertaken on behalf of the Dormitory
Authority of the State of New York. Completion is expected
in early 2005.
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