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Entries Tagged ‘one madison park’

Another mega-condo tower to go in at 43 East 22nd Street?

There is talk out of the Wall Street Journal that developer Ian Bruce Eichner is about to buy the building at 43 East 22nd Street (between Broadway and Park Avenue South) and build an 800 foot glass condo tower with 90 luxury residential units. The design, by architects Kohn Pedersen Fox Associates, would make the proposed building higher than the nearby One Madison Park glass condo tower at 23 East 22nd Street.

Interestingly, the building would only be 50 feet wide at the base, but would reportedly widen as it goes up. Also of note, Eichner reportedly bid on One Madison Park itself when it got into financial trouble, but lost that opportunity to Related Companies and HFZ Capital Group. And now he could be one-upping them with a higher condo tower. Most units at One Madison Park had nothing blocking their views in any direction, but this building will be right up there with them.

The high-end Indian restaurant Tamarind is currently in the building. No word on what would happen to them if all of this goes through.

43 east 22nd street real

 

McDonald’s to go in next to One Madison Park condo building

Back before there was a One Madison Park glass condo tower, there was a McDonald’s in its space. They left in 2005 to make way for the new development, but there was reportedly a clause somewhere in the transaction that ensured McDonalds would have a space in One Madison Park states the Real Deal (seems very odd they would agree to this, but ok). Well through the market crash, bankruptcy, and ownership changes, McDonalds got edged out of the location but ultimately got a cash settlement. Well they are back. The Real Deal reports that McDonald’s signed a 99 year lease at 26 East 23rd Street right next door to One Madison Park. It’s the space that recently housed a Wendy’s.

I think it probably goes without saying that tenants of the high-end One Madison Park would have probably preferred a different neighbor…

mcdonalds one madison park

Second building underway at 23 East 22nd Street, next to One Madison Park

There is definitely some construction action in the space adjoining the 60-floor One Madison Park condo tower at 23 East 22nd Street. Originally it was going to be a 40+ story second tower designed by Rem Koolhaas, but Curbed says the current plan is for a 6-story building. If anyone has information on this, please […]

Warren Buffet son’s One Madison Park condo reportedly is in contract

You will recall last month that Warren Buffet’s son had his One Madison Park (23 East 22nd Street) condo up for sale, and according to Curbed, it has found a buyer and is in contract. This of course is the same building that never completely finished development and got tied up in the financial crisis, but has been pulled out of the ice by Related Companies and is slated to re-launch in late 2012.

Peter Buffet, the seller, is Warren Buffet’s Emmy Award-winning musician son. (Check out Peter Buffet’s music at http://peterbuffett.com/music/index.html).

Warren Buffet’s son reportedly puts his Madison Square Park condo up for sale

With all of the financial trouble at new glass tower development One Madison Park (23 East 22nd Street), sometimes we forget that some people actually did close and move into the luxury building, which is not even 100% completed. One of the buyers was reported to be none other than Peter Buffet, Warren Buffet’s Emmy Award-winning musician son. (Check out Peter Buffet’s music at http://peterbuffett.com/music/index.html).

But Curbed says his unit is for sale, and you can see the unit (and the insane views from it) at ny.curbed.com/archives/2012/03/02/peter_buffett_wants_out_of_one_madison_park_for_41_million.php.

By the way, after a bit of legal squabbling last year, it appears HFZ Capital Group and the Related Companies will take over and finish the building, which should be quite popular given its location and views.

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