Glenwood Management hopes to break ground this year on a 54-story, 339-unit luxury rental building at 160 W. 62nd St., said Glenwood Executive Vice President Gary Jacob, according to an article yesterday by Leslie Albrecht at DNAinfo.com.
"The building will rise on the same West 62nd Street block, between Columbus and Amsterdam avenues, where Fordham is expanding its campus with a 22-story building that will house its law school and 430 residences for students," the article said.
"Douglaston Development planned to build a 57-story skyscraper on the site in 2006, according to Curbed. That project was scrapped in 2009 amid a faltering economy, the New York Observer reported. After Douglaston dropped out, Glenwood bought the property from Fordham," the article continued.
"We felt the market was improving and land prices had dropped to a level where it made sense to build a rental project," Jacob said, the article said, adding that 20 percent of the building's units, or 68, will be set aside as affordable housing. Floor plans will range from studios to three bedrooms.
The article said that Mr. Jacob said that Glenwood hopes to complete construction in two years.
An article at ny.curbed.com today by Joey Arak said that the new building would rise right across the street from Lincoln Center's Damrosch Park and its Fashion Week tents.
"According to the Schedule A filed with the New Building permit, amenities in the tower will include a bike room, attended parking garage, residents' lounge, kids' room, gym, locker rooms, lap pool and 'spa whirlpool.' There will also be retail on the ground floor. As for the apartments, it sounds like a big penthouse is in the works: There's just one duplex unit planned on the top two floors. The architect is the prolific Stephen B. Jacobs Group," the article said.
"The building will rise on the same West 62nd Street block, between Columbus and Amsterdam avenues, where Fordham is expanding its campus with a 22-story building that will house its law school and 430 residences for students," the article said.
"Douglaston Development planned to build a 57-story skyscraper on the site in 2006, according to Curbed. That project was scrapped in 2009 amid a faltering economy, the New York Observer reported. After Douglaston dropped out, Glenwood bought the property from Fordham," the article continued.
"We felt the market was improving and land prices had dropped to a level where it made sense to build a rental project," Jacob said, the article said, adding that 20 percent of the building's units, or 68, will be set aside as affordable housing. Floor plans will range from studios to three bedrooms.
The article said that Mr. Jacob said that Glenwood hopes to complete construction in two years.
An article at ny.curbed.com today by Joey Arak said that the new building would rise right across the street from Lincoln Center's Damrosch Park and its Fashion Week tents.
"According to the Schedule A filed with the New Building permit, amenities in the tower will include a bike room, attended parking garage, residents' lounge, kids' room, gym, locker rooms, lap pool and 'spa whirlpool.' There will also be retail on the ground floor. As for the apartments, it sounds like a big penthouse is in the works: There's just one duplex unit planned on the top two floors. The architect is the prolific Stephen B. Jacobs Group," the article said.
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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