Tessler Developments has changed its plans for the residential conversion of 1107 Broadway, the former northern wing of the International Toy Center at 200 Fifth Avenue.
It recently unveiled a staggered box, 8-story addition to the building that is on the northeast corner at 24th Street and connected by a skybridge to the Toy Center at 200 Fifth Avenue.
The 16-story, 337,000-square-foot building at 1107 Broadway was erected in 1915 and was designed by H. Craig Severance and W. Van Alen. It replaced the Albemare Hotel and it was joined to 200 Fifth Avenue by a skybridge in 1968.
The 670,592-square-foot building at 200 Fifth Avenue was built in 1909 and designed by Maynicke & Franke. It replaced the Fifth Avenue Hotel that was opened in 1859 by Amos F. Eno and was initially known as "Eno's Folly" because the area was considered too far uptown.
Tessler Developments acquired 1107 Broadway for about $235 million from the Chetrit Group that had initially planned to convert the two-building complex, which it called Madison Park West, to about 460 residential condominium apartments, about two-thirds of which would be in the 200 Fifth Avenue building.
At one point, the Chetrit Group, contemplated creating a 1,300-room hotel and several hundred small rental apartments in the two buildings and there was considerable controversy over the fate of the toy industry in the city.
Chetrit had brought the two buildings in 2005 for about $355 million from a partnership headed by Peter Malkin.
Subsequently, the Chetrit Group sold the 200 Fifth Avenue building to L&L Holding Company LLC for about $480 million. L&L Holding announced it planned to convert that building to Class A office space.
Earlier this month, renderings appeared of a setback, staggered box, 8-story addition to 1107 designed by Eran Chen of the Office for Design & Architecture, a design that was visually much more interesting that the existing building and bore a similarity to the recent design by Herzog & de Meuron of 56 Leonard Street in TriBeCa.
Today's edition of Curbed.com, however, noted that the "toy blocks" will not be strewn about the roof and that the condo addition will be a conventional, box-like structure designed by John Pawson.
The building will contain about 165 apartments.
It recently unveiled a staggered box, 8-story addition to the building that is on the northeast corner at 24th Street and connected by a skybridge to the Toy Center at 200 Fifth Avenue.
The 16-story, 337,000-square-foot building at 1107 Broadway was erected in 1915 and was designed by H. Craig Severance and W. Van Alen. It replaced the Albemare Hotel and it was joined to 200 Fifth Avenue by a skybridge in 1968.
The 670,592-square-foot building at 200 Fifth Avenue was built in 1909 and designed by Maynicke & Franke. It replaced the Fifth Avenue Hotel that was opened in 1859 by Amos F. Eno and was initially known as "Eno's Folly" because the area was considered too far uptown.
Tessler Developments acquired 1107 Broadway for about $235 million from the Chetrit Group that had initially planned to convert the two-building complex, which it called Madison Park West, to about 460 residential condominium apartments, about two-thirds of which would be in the 200 Fifth Avenue building.
At one point, the Chetrit Group, contemplated creating a 1,300-room hotel and several hundred small rental apartments in the two buildings and there was considerable controversy over the fate of the toy industry in the city.
Chetrit had brought the two buildings in 2005 for about $355 million from a partnership headed by Peter Malkin.
Subsequently, the Chetrit Group sold the 200 Fifth Avenue building to L&L Holding Company LLC for about $480 million. L&L Holding announced it planned to convert that building to Class A office space.
Earlier this month, renderings appeared of a setback, staggered box, 8-story addition to 1107 designed by Eran Chen of the Office for Design & Architecture, a design that was visually much more interesting that the existing building and bore a similarity to the recent design by Herzog & de Meuron of 56 Leonard Street in TriBeCa.
Today's edition of Curbed.com, however, noted that the "toy blocks" will not be strewn about the roof and that the condo addition will be a conventional, box-like structure designed by John Pawson.
The building will contain about 165 apartments.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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