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2019-12-03 20:41:57 -05:00
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<title>Mapping the feverish investment on the Far West Side - Google Fusion Tables</title>
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<b>Number:</b> 2<br>
<b>Addresses:</b> 515 West 29th Street, NY 10001<br>
<b>Title:</b> 515 West 29th Street<br>
<b>Description:</b> In September, the Bauhouse Group paid $24 million for this site, and purchased air rights in three other transactions. The company has teamed with an unnamed overseas investor on the project, which is next to the High Line. Bauhouse will spend another $75 million on a condo tower with stores downstairs.<br>
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<b>Number:</b> 3<br>
<b>Addresses:</b> 451 10th Avenue 10018<br>
<b>Title:</b> 451 10th Avenue<br>
<b>Description:</b> A fence-ringed parking lot, this parcel was leased by Joy and Maddd in April for 99 years for $62 million. The site is zoned for mixed-use and can accommodate 400,000 square feet of construction. The partners have not yet determined whether to build a commercial or residential tower.<br>
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<b>Number:</b> 4<br>
<b>Addresses:</b> 532 West 30th Street 10001<br>
<b>Title:</b> 532 West 30th Street<br>
<b>Description:</b> In September, Related bought this narrow lot, which is home to a seven-story brick 1920s office building, for $9 million. Related also owns the adjacent parcel, and, with Abington Properties, is planning to build a 300,000-square-foot, 31-story rental with about 180 units. Construction will start this fall.<br>
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<b>Number:</b> 5<br>
<b>Addresses:</b> 511-515 West 35th Street, NY 10001<br>
<b>Title:</b> 511-515 West 35th Street<br>
<b>Description:</b> Elliot Spitzer, the former New York governor, paid $88 million for this swath of parking lots in December. An office building or hotel is reportedly planned for the site. <br>
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<b>Number:</b> 6<br>
<b>Addresses:</b> 517 West 35th Street 10001<br>
<b>Title:</b> 517 West 35th Street<br>
<b>Description:</b> In September, Related signed a contract to buy the $75 million lot. The deal has not yet closed, according to city records, and Related has not yet revealed its plans for the site, which sits near the Hudson Park and Boulevard, a planned four-acre mid-block open space.<br>
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<b>Number:</b> 7<br>
<b>Addresses:</b> 470 11th Avenue 10018<br>
<b>Title:</b> 470 11th Avenue<br>
<b>Description:</b> In April, Black House Development, a Manhattan-based firm, teamed with an unnamed Chinese private equity firm to buy this parking lot for $115 million. A 320,000-square-foot glassy, boxy tower will reportedly open by 2017, housing 51 apartments and a 410-room hotel.<br>
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<b>Number:</b> 8<br>
<b>Addresses:</b> 509 West 34th Street, ny<br>
<b>Title:</b> 509 West 34th Street/435 10th Avenue<br>
<b>Description:</b> In a blockbuster deal, these adjacent sites, which contain a parking garage and parking lot, were purchased in April for $438 million by Tishman. If Tishman obtains extra air rights, it can build a massive 2.6-million-square-foot tower. Zoning allows for multiple uses, but Tishman Speyer is expected to construct an office building.<br>
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<b>Number:</b> 11<br>
<b>Addresses:</b> 445 West 35th Street 10001<br>
<b>Title:</b> 445 West 35th Street<br>
<b>Description:</b> Joy and Maddd closed on a 99-year lease for the parking lot at 445 West 35th Street in December 2012 for an undisclosed price. They plan a 12-story rental with 115 studio to two-bedroom units. The $50 million project will have 5,000 square feet of retail. Construction should begin by fall.<br>
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<b>Number:</b> 9<br>
<b>Addresses:</b> 358 10th Avenue 10001<br>
<b>Title:</b> 358 10th Avenue<br>
<b>Description:</b> In August, Frank McCourt, the former owner of the Los Angeles Dodgers, bought this parcel across from the Hudson Yards for $167 million. McCourt is planning a 730,000-square-foot mixed-use tower at the site, which runs the full block between Dyer Avenue and West 31st Street.<br>
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<b>Number:</b> 10<br>
<b>Addresses:</b> 452 11th Avenue 10018<br>
<b>Title:</b> 452 11th Avenue<br>
<b>Description:</b> In August, investor David Marx bought this 10,000-square-foot site across from the Javits Center for $35 million from Lehman Brothers, to whom he lost the same property in 2011. Marx initially bought the property in 2007 for $45 million with plans for a 210,000-square-foot hotel, which he is expected to try again now.<br>
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<b>Number:</b> 13<br>
<b>Addresses:</b> 40.756063, -74.001768<br>
<b>Title:</b> 558-572 West 34th Street<br>
<b>Description:</b> In July 2013, Related acquired this site from Extell for $168 million. Once home to an incarnation of the famed Copacabana nightclub, it sits atop the new 7 train station. Extell planned a 57-story, 1.7-million-square-foot mixed-use tower there, which would have competed with the towers Related is building across the street at Hudson Yards.<br>
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<b>Number:</b> 14<br>
<b>Addresses:</b> 526 West 28th Street 10001<br>
<b>Title:</b> 526 West 28th Street<br>
<b>Description:</b> In July 2013, Centaur Properties bought this site for $45 million from RN Realty. The site, which was once home to the Mansion dance club, could support a 144,000-square-foot office or apartment building.<br>
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<b>Number:</b> 12<br>
<b>Addresses:</b> 541-545 West 37th Street 10018<br>
<b>Title:</b> 541-545 West 37th Street<br>
<b>Description:</b> In December 2012, the Chetrit Group, led by Joe Chetrit and others, paid $27 million for these parcels, which sit next to the planned Hudson Park and Boulevard and near the Javits Center. According to news reports, the site will soon see a new hotel.<br>
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<b>Number:</b> 15<br>
<b>Addresses:</b> 528-534 West 39th Street 10018<br>
<b>Title:</b> 528-534 West 39th Street<br>
<b>Description:</b> In August 2012, developer Rockrose bought this site for $30 million, the last piece in an adjacent assemblage owned by the firm. In total, it now has a 75,000-square-foot site. Rockrose is planning 530 apartments, plus retail, though no timeline is set. An office or hotel could follow.<br>
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<b>Number:</b> 16<br>
<b>Addresses:</b> 444 10th Avenue 10001<br>
<b>Title:</b> 444 10th Avenue<br>
<b>Description:</b> This summer, Joy and Maddd will break ground on an 18-story, 151-room hotel on this 10th Avenue site, which they bought in 2012. All told, the project will cost $38 million. Four Points Hotel by Sheraton is tapped to operate the hotel, set to open in spring 2016.<br>
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<b>Number:</b> 1<br>
<b>Addresses:</b> 411 West 35th Street, NY
10001<br>
<b>Title:</b> 411 West 35th Street<br>
<b>Description:</b> In November 2012, a joint venture of Maddd Equities and Joy Construction purchased this parking lot for $26 million. The team will spend another $89 million on a 12-story, 186-unit market-rate rental. The project will break ground by fall and will also include 12,000 square feet of retail.<br>
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