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303 East 44th Street via Curbed
Nov. 12
303 East 44th Street
Triangle Equities has been working with ODA Architecture to design a condo tower, 303 East 44th Street, expected to set a precedent for residential outdoor leisure space.
The tower, expected to come to market in 2017, will be 600 feet tall, encompassing 41 floors of glass units. Units occupying the top half of the tower will have access to individual garden spaces totaling 1,400 sqft each, and situated every two floors.
Eran Chen, ODA’s founder and executive director, commented to TRD, “There’s going to be a time in New York City where living without a substantial outdoor space is just going to be unacceptable. It’s going to be like living in the suburbs without a backyard. All these towers that don’t have them are going to lose their value.”
Grand Central Station via Real Estate Weekly
Midtown East Rezoning
Since May 2014, Midtown East rezoning plans have been in the works for developers, landmark councils, and the public concerned about improved transportation.
The East Midtown Steering Committee, headed by Manhattan Borough President Gale Brewer and Council Member Dan Garodnick, released their plans, from East 39th to East 57th Street and Fifth to Second Avenue, in a press release last month.
Their plan expresses three goals: 1) open up residential development restrictions relating to FAR (floor area ratios); 2) allowing retail space above the ground floor of a mixed use building; and 3) freeing landmarked properties to sell their air rights to residential developers.
Curbed reports that the city would absorb 20 to 40% of the funds from air rights sales to improve public transit access in the area.
“These recommendations will help enhance the East Midtown area as a world class commercial district in the 21st century,” said Brewer. “They will ensure that development doesn’t happen haphazardly and that landmarks, open space, and transit upgrades are at the forefront of the development process, rather than an afterthought.”
200 East 59th Street via Curbed
200 East 59th Street
Continuing the trend in outdoor space, Macklowe Properties is developing a “fun sized” 490 foot, 35 story tower at 200 East 59th Street. The tower will accommodate 10,000 sqft of commercial space and about 100,000 sqft for 67 condos.
The residential portion of this tower is unique in that each unit will provide an attached terrace.
Written by Alexandra Gámez New York
