Los Angeles-based developer CIM Group has agreed to buy Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new chapter, likely as part of a mixed-use redevelopment. [...]
Tribune Media unveiled conceptual plans last year to redevelop the parcel, adding several buildings to maximize the space with residential, retail and hotel components. — chicagotribune.com
In November 2015, Bjarke Ingels‘ released images of a pair of asymmetric, twisting towers along the High Line at 76 Eleventh Avenue then at the beginning of this year, the design changed to a simpler silhouette with more space in between the two buildings. Now it has been revealed through another group of renderings glass crowns at the 300- and 400-foot tops, the retail podium and plaza fronting the High Line, and two amenity-filled podium bridges that will connect the towers. — 6sqft.com
The cherry atop 520 West 28th, Penthouse 37 contains five bedrooms and six-and-a-half bathrooms, including a corner master suite with two windowed dressing rooms and his-and-hers baths nestled on its lower level, which also houses three guest en-suite bedrooms, a utility room, and a wet bar. — Forbes
A group of developers on the short list to buy Tribune Tower want to convert the Gothic Michigan Avenue landmark into condominiums, apartments and even a hotel [...]
The property also comes with something all developers love: land for new buildings. A buyer could build one or two more towers on the parking lot next door and on space created by demolishing some of the existing Tribune building that is not landmarked. [...] — Crain's Chicago Business
It has been whispered about for months, but now it’s official: Vornado Realty Trust is offering up a palatial four-floor apartment at 220 Central Park South that is priced at a record-smashing $250 million.
The massive condominium will encompass floors 50 through 53 of the Robert A.M. Stern-designed limestone tower, and it will span some 23,000 square feet [...]. The asking price works out to nearly $11,000 per square foot. — therealdeal.com
Brooklyn is finally getting a new skyscraper development worthy of its 2.6 million populace. Today, the Landmarks Preservation Commission approved SHoP Architects‘ vision for 9 DeKalb Avenue, a rehabilitation of the landmarked Dime Saving Bank that will marry it with a dramatic, supertall skyscraper behind, the first 1,000+ foot building to arrive in the borough. To bring back more of the building’s grandeur, its exterior and interior spaces will be restored. — 6sqft.com
A slew of innovative new condo towers are being proposed for Vancouver, as the city aims to take its arguably boring architecture to the next level. [...]
Vancouver's move into adventurous architecture arguably began back in 2013, when Danish architect Bjarke Ingels revealed his design for twisting tower Vancouver House, which is now under construction. — cbc.ca
Vornado's super luxury tower at 220 Central Park South isn't even out of the ground yet, but billionaire buyers seemingly can't wait to stash their stacks of cash in the 950-foot-tall tower. The Real Deal hears rumblings that a Qatari investor is eyeing a monstrous spread that would cost around $250 million, making it easily the most expensive home in New York City. It would completely obliterate the current record, the $100 million sale at One57. — ny.curbed.com
At the corner of Elizabeth and Kenmare Streets at the edge of NoLIta, demolition work began in early March to make way for a seven-story condominium, Mr. Ando’s first stand-alone project in the city, although he has designed a restaurant (Morimoto in Chelsea) and residential interiors in Manhattan.
Sales are expected to begin in April, with prices [...] likely to rise to more than $30 million for the four-bedroom penthouse, according to Mr. Steinberg. — nytimes.com
This would be the first U.S. tower for Snøhetta, founded in Norway but on the rise in the United States since being selected in 2004 to design the pavilion for the National Sept. 11 Memorial & Museum.
Snøhetta will replace an even better-known architect for the corner: Richard Meier, the Pritzker Prize-winning designer of the Getty Center in Los Angeles, whose firm has been working on a tower in the same location since 2008. —
A triplex penthouse at Zeckendorf Development Co.’s tower under construction on Manhattan’s Upper East Side will be offered for sale at $130 million, making it New York’s most expensive apartment listing.
The 12,394-square-foot (1,151-square-meter) property will span the top three floors at 520 Park Ave., where sales will begin the first quarter of next year, Arthur Zeckendorf said in an interview today. — bloomberg.com
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