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TWO BUILDINGS LIKELY TO BE DEMOLISHED AND REPLACED WITH LUXURY HOUSING

April 10, 2014 | 10:09 PM
in NEWS, REAL ESTATE
22

bible society

Two Upper West Side buildings are on the market, and they’re likely to be replaced by new luxury apartment towers.

The American Bible Society on the corner of 61st street and Broadway recently hit the market and is expected to fetch about $300 million, Crain’s reported.

The society, which has been around for 200 years, publishes and distributes bibles, and has been in the space for 48 years. The location is hugely valuable — two blocks from Columbus Circle, a block and half from Central Park. A 300,000 square foot tower could potentially be built there, says Crain’s.

A garage on 77th street between Amsterdam and Broadway is also on the market and will almost definitely be turned into luxury housing. The Post expects the site at 219-223 West 77th to sell for at least $61 million. A development on the site could be as big as 76,627 square feet, according to Avison Young, which is marketing the space. The listing is here.

That site is right across the street from a Hertz garage, which is also set to be demolished and redeveloped.

219-223 West 77th - Hero - LISTING LAB

Photo via Avison Young.

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Kenneth
Kenneth
11 years ago

Who would have ever thought that you could sell luxury housing next door to and across the street from an 24×7 active firehouse.

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ScooterStan
ScooterStan
11 years ago
Reply to  Kenneth

Yes, but with a firehouse next door just think how inexpensive will be the cost of fire insurance !

😉

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Steve
Steve
11 years ago
Reply to  Kenneth

What do you bet that the new residents will then complain about the noise and fumes.

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Buster Brown
Buster Brown
11 years ago
Reply to  Kenneth

They make noise canceling windows now.

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Reply
Msales
Msales
11 years ago
Reply to  Buster Brown

Except you cannot open your window then. Ever

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RobertS
RobertS
11 years ago
Reply to  Kenneth

The same sort of people that think it’s a good idea to sell luxury housing across a narrow street from an emergency room entrance where ambulances idle 24×7.

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Mary Jones
Mary Jones
11 years ago

The apartment buildings replacing both the Alamo and the Hertz garages will be much higher than the garages…many apartments in both the Larstrand and the Harrison will lose their views/light. In many cases the new buildings will be VERY close to the windows in both the Larstrand and the Harison. There will be no light anymore on W 77th st between Broadway and Amsterdam.

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Mary Jones
Mary Jones
11 years ago
Reply to  Mary Jones

I just walked down that street…On the east side of the Larstrand two thirds of the way up there is a huge terrace…now it is open to the east for quite a distance. The new building replacing the Alamo garage will be right up against the terrace, it will be horrible for the tenants.

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webot
webot
11 years ago

Can anyone blame the American Bible Society for cashing out?

$300 MM for a tear down…

this feels like another real estate bubble.

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moi
moi
11 years ago

I hope they remember to include garages for the incoming former suburban tenants! Gotta create more chaos and pollution in the streets of NY!

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Chrissy
Chrissy
11 years ago

It shouldn’t be called “Luxury Buildings” anymore! That’s all that’s being built, so… Very obvious…Kind of obsolete and redundant!

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Pedestrian
Pedestrian
11 years ago

Bible society sale: now that their “investment ” has panned out it is time to pay their property taxes and to pay the gain on their sale. But if they are a nonprofit which I think they are they won’t. Sooo the city and its tax payers lose again.

As to the new building on W 77 street: the pressure on the infrastructure on that street is enourmouse. The sewers smell like New Orleans in he hight of the summer. Nothing has been upgraded for years. But who cares developers need to make their billions. What tax incentives will they be raking in for this new assault on our light and air?

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Heist
Heist
11 years ago
Reply to  Pedestrian

It was well-publicized that the real estate developers were cozying up to Deblasio ahead of the election in November. They’re getting what they paid for.

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John Charles
John Charles
11 years ago

This is so exciting more luxury high rises on the UWS, more dwayne reedes and hopefully another brooks bros. and then of course another dog kennel the diversity of the neighborhood and the unique shops and diverse population is so stimulating to a community, I say put a high rise atop Chris Columbus air rights right?

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NYCEd
NYCEd
11 years ago

“Oops there goes another…”

Recently, I walked passed the new “luxury” high rise just down the street from these sites on 77th, at the corner of Broadway.

Let’s see… We now have ANOTHER Marshalls and ANOTHER CVS, where we used to have a pizza parlor, a penny candy store, an antique store, a diner, and a couple of other stores I can’t name.

So very sad. Never thought I’d mourn the loss of a rental car site or a parking garage.

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John Charles
John Charles
11 years ago
Reply to  NYCEd

Yes sir

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Barbara
Barbara
11 years ago

So a handsome building will be replaced by another crackerjack box, so-called luxury building, in a neighborhood where one can barely walk for the foot traffic. The other building is no beauty, but it’s of a proper scale for the UWS. Developer greed is killing the Upper Westside.

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John Charles
John Charles
11 years ago
Reply to  Barbara

Amen

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Sean
Sean
11 years ago

Will they get to use the gym?

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Liz
Liz
11 years ago

I am sad to see the Museum of the Bible in America will become just another UWS condo. The building had a unique design and was a great visual landmark as you went down Broadway.

I really think that enough is enough. What has drawn people to NYC for decades is the unique buildings and the mom and pop shops and restaurants (remember Big Nicks and Niko’s). Almost all of that is gone in the City. The UWS was one of the last bastions of a real NYC neighborhood. But, with all of the new development over the past 5 – 10 years, the UWS is no longer a wonderful neighborhood area to live in.

How much more over-development does the City need. The explosion in Harlem several weeks ago should have been a wake-up call. The City’s infrastructure cannot accommodate any more high rise buildings. The transit system, the gas and water lines and the sewage systems were built more than a 100 years ago and have not been upgraded to absorb this massive influx of new tenants.

Thank God for people like the folks at the West End Preservation Society who have enough foresight to realize that once these marvelous old buildings are gone the whole character of a neighborhood/community is gone forever.

Who wants to live in an area where there is no natural sunlight and all you see is concrete everywhere and unrealistically tall buildings that block out the sun.

After a while you begin to feel like an animal in a concrete cage. You can’t even go to Central Park because that too will be overshadowed by really tall buildings that cast a pall on the beauty and restfulness of the park.

It’s all about the money. Unfortunately, the funkiness of NYC is being lost in the transaction.

How sad!!!! Even the Merchants Museum on 4th Street will probably soon be significantly damaged when construction begins for a hotel/or condo next to it. A building that has been around for centuries will not be able to survive the onslaught of work that will undermine its supporting structures.

Oh NYC, NYC how I weep for you.

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webot
webot
11 years ago
Reply to  Liz

really? very melodramatic.

The American Bible Society building is no looker – it will not be missed. The merchants building is not being demolished. a vacant lot is being built on next to it. nothing wrong with that.

You want to weep? how about the Rizzoli building and its neighbors . that is truly said.

and if you do not like concrete, steel and glass, may I suggest moving to Nebraska. Plenty of sunlight there.

Lets pick our battles. Another word for condos to some people is “home”.

nothing wrong with providing more housing.

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ScooterStan
ScooterStan
11 years ago
Reply to  webot

HEAR, HEAR !!! Or, as said in The House of Commons, HEAH, HEAH!!

Thank you, Webot, for calling it as it is: Unfounded MELODRAMA!

First, MoBiA is much less of a “visual landmark” (and, really, is there any other kind of landmark?) than the Apple Store further up Bdway. The best part of MoBiA is the bronze sculpture outside portraying a dorky guy sitting on a bench. It is a great photo-op whenever a real person sits next to Mr. Bronze.

Oh, and one more ridiculous assertion: ” You can’t even go to Central Park because that too will be overshadowed by really tall buildings that cast a pall on the beauty and restfulness of the park.”

REALLY?????????????????

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Reply

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