Archinect - News 2024-11-23T15:14:32-05:00 https://archinect.com/news/article/150422876/developer-behind-shop-designed-the-brooklyn-tower-is-facing-foreclosure-on-240-million-loan Developer behind SHoP-designed The Brooklyn Tower is facing foreclosure on $240 million loan Josh Niland 2024-04-04T12:20:00-04:00 >2024-04-04T14:48:20-04:00 <img src="https://archinect.gumlet.io/uploads/0d/0d6db07502e08e509efb46dbdf4673d9.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>Michael Stern, the developer of <a href="https://archinect.com/SHoP" target="_blank">SHoP</a>&rsquo;s new The Brooklyn Tower (also known by its address at <a href="https://archinect.com/news/tag/739154/9-dekalb-avenue" target="_blank">9 Dekalb Avenue</a>), is facing foreclosure over a failure to pay a $240 million loan that was extended by <a href="https://archinect.com/firms/cover/42800311/silverstein-properties" target="_blank">Silverstein Properties</a>&nbsp;in 2019 to complete the 93-story project, according to reports from <em><a href="https://therealdeal.com/new-york/2024/03/27/michael-stern-defaults-on-brooklyns-9-dekalb-ave/" target="_blank">The Real Deal</a>.</em></p> <p>As <em>TDR</em> pointed out, Stern is also responsible for <a href="https://archinect.com/news/tag/1193664/111-west-57th-street" target="_blank">111 West 57th Street</a>, which has had issues with <a href="https://archinect.com/news/article/150019810/nyc-s-super-skinny-skyscraper-is-fat-with-cost-overruns-prompting-a-lawsuit" target="_blank">cost overruns</a> and other legal setbacks.</p> <p>Stern, a veteran of the city&rsquo;s high-stakes recent luxury market, is known for making huge bets on his projects. Speaking for a 2020<em> <a href="https://www.ft.com/content/1f95c4fc-7eb0-11ea-8fdb-7ec06edeef84" target="_blank">Financial Times</a></em> profile, <a href="https://archinect.com/fxcollaborative" target="_blank">FXCollaborative</a>&rsquo;s Daniel Kaplan said of his approach, &ldquo;He&rsquo;s commissioned some very good architecture. The thing that&rsquo;s really interesting about him is that all the things people say you can&rsquo;t do &mdash; or you can&rsquo;t do for the money &mdash; he says, &lsquo;Forget it!&rsquo;&rdquo;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/d6/d60e74dcdf2ed6f54a37a059576f1287.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/d6/d60e74dcdf2ed6f54a37a059576f1287.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=514"></a></p><figcaption>Related on Archinect: <a href="https://archinect.com/news/article/150273656/shop-architects-supertall-residential-tower-9-dekalb-is-now-the-tallest-building-in-brooklyn" target="_blank">SHoP Architects' supertall residential tower 9 DeKalb is now the tallest building in Brooklyn</a></figcaption><p><br></p><p>The tower, which stands as <a href="https://archinect.com/news/article/150273656/shop-architects-supertall-residential-tower-9-dekalb-is-now-the-tallest-building-in-brooklyn" target="_blank">Brookly...</a></p></figure> https://archinect.com/news/article/150418481/shop-designs-first-u-s-real-estate-tower-for-mercedes-benz-in-miami SHoP designs first U.S. real estate tower for Mercedes-Benz in Miami Niall Patrick Walsh 2024-02-29T11:09:00-05:00 >2024-10-25T04:07:38-04:00 <img src="https://archinect.gumlet.io/uploads/07/07a7fd4178b07ce585ad309ee9206f8b.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p><a href="https://archinect.com/SHoP" target="_blank">SHoP Architects</a> has designed a residential tower for Mercedes-Benz in <a href="https://archinect.com/news/tag/7094/miami" target="_blank">Miami</a>, the first branded real-estate project for the car company in the United States. Overseen by <a href="https://archinect.com/news/tag/1052280/jds-development-group" target="_blank">JDS Development Group</a>, and designed in collaboration with a Mercedes-Benz design team, the scheme is centered on the theme: &ldquo;Timeless Design, Inspired by Miami.&rdquo;</p> <figure><figure><a href="https://archinect.gumlet.io/uploads/ae/ae59c5f6ae1935fe772c3c00683e09da.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/ae/ae59c5f6ae1935fe772c3c00683e09da.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=514"></a><figcaption>Image credit: JDS Development Group by the Boundary</figcaption></figure></figure><p>The <a href="https://archinect.com/news/tag/13802/tall-buildings" target="_blank">tower</a> adopts a cube-shaped profile comprised of interconnected geometric bodies. The designers describe the approach as &ldquo;two contrasting principles that combine to create clear forms and sensuous surfaces,&rdquo; with &ldquo;Sensual Purity&rdquo; characterized by free-flowing elliptical lines and a stacked-box design representing the &ldquo;technical side of the design language.&rdquo; To reflect the signature color palettes of Mercedes-Benz cars, the tower will be clad in monotone silvers, blacks, and whites, while creating &ldquo;opportunities for distinctive highlights and stimulating contrasts.&rdquo;</p> <figure><figure><a href="https://archinect.gumlet.io/uploads/ba/bae854d97d037479ac01965724cb36e4.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/ba/bae854d97d037479ac01965724cb36e4.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=514"></a><figcaption>Image credit: JDS Development Group by t...</figcaption></figure></figure> https://archinect.com/news/article/150351561/take-a-look-inside-woods-bagot-s-lobby-design-for-the-brooklyn-tower Take a look inside Woods Bagot's lobby design for The Brooklyn Tower Josh Niland 2023-05-30T19:55:00-04:00 >2024-10-25T04:07:38-04:00 <img src="https://archinect.gumlet.io/uploads/e5/e59a7f9d2bb2748f3125baacd75b1efe.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p><a href="https://archinect.com/firms/cover/106435/woods-bagot" target="_blank">Woods Bagot</a> has shared photos of their ongoing interior work inside <a href="https://archinect.com/SHoP" target="_blank">SHoP</a>&rsquo;s supertall landmark <a href="https://archinect.com/news/tag/1862085/the-brooklyn-tower" target="_blank">The Brooklyn Tower</a> (formerly known as 9 DeKalb), in anticipation of the record-breaking high-rise&rsquo;s completion later this year.&nbsp;</p> <p>The project was led by Principal Krista Ninivaggi of Woods Bagot&rsquo;s New York studio. Their brief for a lobby space and an amenity program called for a seamless transition between the 93-story building&rsquo;s interior and exterior facade, whose own design was inspired by the imagined &ldquo;Metropolis of Tomorrow&rdquo; first envisioned by writer and architect Hugh Ferriss in the late-1920s.</p> <figure><p><a href="https://archinect.gumlet.io/uploads/01/017fcaa545dc08c42cf6756a46e7666f.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/01/017fcaa545dc08c42cf6756a46e7666f.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=514"></a></p><figcaption>Photo by Adrian Gaut</figcaption></figure><p>An assembly of wood veneers and milled panels scaled to the facade's extrusions feature prominently among the building&rsquo;s interior. Further details include stone cladding and a vaulted ceiling that harkens to the former Dime Saving Bank that forms the tower&rsquo;s base. Overall, The Brooklyn Tower includes a total of 547 apartment units, a commercial gym, and four pools in addition...</p> https://archinect.com/news/article/150305682/shop-s-111-west-57th-street-supertall-tower-is-one-important-step-closer-to-completion SHoP's 111 West 57th Street supertall tower is one important step closer to completion Josh Niland 2022-04-05T20:00:00-04:00 >2024-10-25T04:07:38-04:00 <img src="https://archinect.gumlet.io/uploads/19/19e41e4a4ec345379b15e10e04bc5136.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>A milestone development on the way to what is one of the most anticipated new openings of the year as the exteriors have been completed on <a href="https://archinect.com/SHoP" target="_blank">SHoP</a>&rsquo;s <a href="https://bustler.net/news/8662/these-are-the-best-new-tall-buildings-recognized-with-ctbuh-s-2022-award-of-excellence" target="_blank">award-winning</a> <a href="https://archinect.com/news/tag/1193664/111-west-57th-street" target="_blank">111 West 57th Street</a> supertall tower in <a href="https://archinect.com/news/tag/251815/midtown" target="_blank">Midtown Manhattan</a>.&nbsp;</p> <p>Once completed, the building will stand as the second-tallest residential structure in the Western Hemisphere and sit atop the landmark Steinway Hall building, which houses 14 of the 60 total full-floor and duplex residences located within the 1,428-foot-tall development.&nbsp;</p> <p>Video courtesy of SHoP Architects.<br></p> <p>The exterior is defined by a stepped design that tapers along the south-facing facade as it reaches ever skyward to create a dramatic visual statement in combination with an east-west oriented terra cotta pilaster cladding system and a 300-foot decorative steel crown.</p> <figure><p><a href="https://archinect.gumlet.io/uploads/e1/e164c8070497345970aafcc9363973b7.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/e1/e164c8070497345970aafcc9363973b7.jpg?auto=compress%2Cformat&amp;enlarge=true&amp;w=514"></a></p><figcaption>Photo by Evan Joseph, image courtesy SHoP Architects.</figcaption></figure><p>Per the architects: &ldquo;The intricate fa&ccedil;ade is designed to be viewed from multiple scales and vantage points: Terra cotta panels with 22 different ...</p> https://archinect.com/news/article/150286568/brooklyn-s-first-supertall-skyscraper-officially-tops-out Brooklyn's first supertall skyscraper officially tops out Nathaniel Bahadursingh 2021-10-28T12:58:00-04:00 >2024-10-25T04:07:38-04:00 <img src="https://archinect.gumlet.io/uploads/5b/5b10e7f23dd391aa0f7dee534252d7bf.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p><a href="https://archinect.com/news/tag/161/brooklyn/15" target="_blank">Brooklyn</a>&rsquo;s first <a href="https://archinect.com/news/tag/14612/supertall" target="_blank">supertall</a> <a href="https://archinect.com/news/tag/13491/skyscraper" target="_blank">skyscraper</a> has officially topped out. <a href="https://archinect.com/news/tag/739154/9-dekalb-avenue" target="_blank">9 DeKalb</a>, now officially known as The Brooklyn Tower, stands at 1,066 feet and comprises 93 stories.&nbsp;</p> <a href="https://www.instagram.com/p/CVkvDh2AUWB/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank"> View this post on Instagram </a><a href="https://www.instagram.com/p/CVkvDh2AUWB/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank">A post shared by JDS Development Group (@jdsdevelopmentgroup)</a><br><p>Designed by <a href="https://archinect.com/SHoP" target="_blank">SHoP Architects</a> and developed by JDS Development Group, the tower rises adjacent to the historic 20th-century Dime Savings Bank. Its form and fa&ccedil;ade are informed by the hexagonal composition and patterning of the landmarked former bank, along with its materiality that includes bronze, steel, and marble. Ascending the building, the fa&ccedil;ade transforms into blackened stainless steel and shades of bronze and copper. Alternating panels of glazing in different sizes and materials create a fade from bronze to black as the tower moves upwards.&nbsp;</p> <p>The Brooklyn Tower has been under construction since 2018 and cost $750 million to develop. JDS Development Group bought the Dime Savings Bank for $95 million in 2016. ...</p> https://archinect.com/news/article/150273656/shop-architects-supertall-residential-tower-9-dekalb-is-now-the-tallest-building-in-brooklyn SHoP Architects' supertall residential tower 9 DeKalb is now the tallest building in Brooklyn Nathaniel Bahadursingh 2021-07-12T14:11:00-04:00 >2024-10-25T04:07:38-04:00 <img src="https://archinect.gumlet.io/uploads/a2/a2cf325df7af7fbb621028b0275c3e84.jpeg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>9 DeKalb, a soaring residential tower by <a href="https://archinect.com/SHoP" target="_blank">SHoP Architects</a> and developers JDS Development Group, is officially the tallest building in Brooklyn, New York.&nbsp;</p> <p>Via an <a href="https://www.instagram.com/p/CQwpLtxDo5L/" target="_blank">Instagram post</a>, JDS Development Group announced that the under-construction skyscraper has recently reached 721 feet. When complete, 9 DeKalb will be 93 stories, standing at 1,066 feet.&nbsp;</p> <a href="https://www.instagram.com/p/CQwpLtxDo5L/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank"> View this post on Instagram </a><a href="https://www.instagram.com/p/CQwpLtxDo5L/?utm_source=ig_embed&amp;utm_campaign=loading" target="_blank">A post shared by JDS Development Group (@jdsdevelopmentgroup)</a><br><p>The tower sits adjacent to the landmarked Dime Savings Bank of Brooklyn, which was originally built in 1906. As part of the project, the bank&rsquo;s interior will be restored and repurposed to form part of a new mid-block connection for pedestrians. The tower&rsquo;s fa&ccedil;ade compliments its historic neighbor with a palette of materials, including bronze, steel, and marble.&nbsp;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/c8/c83c8648d288df358d5e799e091293ae.jpeg?auto=compress%2Cformat&amp;enlarge=true&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/c8/c83c8648d288df358d5e799e091293ae.jpeg?auto=compress%2Cformat&amp;enlarge=true&amp;w=514"></a></p><figcaption>Image: Courtesy SHoP Architects</figcaption></figure><p>9 DeKalb is hexagonal in shape, which was inspired by the patterns and floor plate of the bank. The fa&ccedil;ade consists of alternating panels of gla...</p>