Riverside South

Just a handful of bidders remain for 1.35 million of Extell Development and Carlyle Group’s buildable square feet along West End Avenue, and final bids are due by the end of the month. But the New York Post reported that the site is burdened by several major restrictions.

The parcel, named Riverside Center, is located between West 59th and 61st streets, the southernmost part of the massive Riverside South complex. The portion for sale is slated for two residential towers of 43 and 44 stories. [more]

Riverside South, the 77-acre former rail yard-turned condominiums between 59th and 72nd streets, is seeing an uptick in sales, the Wall Street Journal reported.

The Aldyn, at 63rd Street and West End Avenue, is 50 percent sold, and the Rushmore, at Riverside Boulevard and 64th Street, is 90 percent sold, the Journal said. Both buildings are around 40 stories. In the third quarter of 2011 the average price for condominiums on Riverside Drive rose 19 percent, the Journal said, to $1,470 per square foot.
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Extell’s Riverside Center sailed through the City Planning Commission yesterday as commissioners voted 12-1 to approve the mixed-use development spanning from West 59th Street to West 61st Street, between West End Avenue and Riverside Boulevard. In several public hearings prior to the vote, the project had faced significant criticism from some Upper West Side residents who argued that the flashy new buildings would serve only the rich do little for the neighborhood. But at yesterday’s vote, Amanda Burden, chair of the City Planning Commission, said the proposed complex is “a unique opportunity to re-envision and reshape a bleak eight-acre parking lot and former rail yard as an exciting addition and major amenity to this thriving West Side neighborhood.” The next and final stop for the project – slated to include five residential towers, retail space, a below-grade parking garage and an auto showroom — will be a vote by the City Council in approximately two months. [DNAinfo]

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Extell Development filed plans this month to construct a 530-unit
residential tower at 40 Riverside Boulevard, the greatest number of
units in the long-running West Side development known as Riverside
South, records with the city Department of Buildings show. The 33-story tower at 62nd Street is part of the expansive mixed-use
Riverside South project, which stretches from 59th to 72nd streets east
of the West Side Highway. The 345-foot tall structure is being designed by architect Costas
Kondylis & Partners, according to the DOB application made June 10. Donald Trump first developed seven buildings on the northern part of
the 75-acre Riverside South site, known as Trump Place, and Extell
Development completed the Avery and the Rushmore further south.
Extell is also building 60 Riverside Boulevard. The highest number of
units today in the series of apartment buildings is the Trump-built 180
Riverside Boulevard, with 516 units, completed in 1998. [more]