Misplaced Pages

731 Lexington Avenue

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

Mixed use is a type of urban development , urban design , urban planning and/or a zoning classification that blends multiple uses , such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections. Mixed-use development may be applied to a single building, a block or neighborhood, or in zoning policy across an entire city or other administrative unit. These projects may be completed by a private developer, (quasi-)governmental agency, or a combination thereof. A mixed-use development may be a new construction, reuse of an existing building or brownfield site , or a combination.

#246753

44-487: 731 Lexington Avenue is a 1,345,489 sq ft (125,000.0 m) mixed-use glass skyscraper on Lexington Avenue , on the East Side of Midtown Manhattan , New York City . Opened in 2004, it houses the headquarters of Bloomberg L.P. and as a result, is sometimes referred to informally as Bloomberg Tower . The building also houses retail outlets, restaurants and 105 luxury condominiums . The residence section of

88-431: A health club , entertainment suite, children's playroom and business center. Other amenities include a 24-hour doorman, garage, and valet parking. Mixed-use Traditionally, human settlements have developed in mixed-use patterns. However, with industrialization , governmental zoning regulations were introduced to separate different functions, such as manufacturing, from residential areas. Public health concerns and

132-677: A secretary or a personal assistant. In hospitals, concierge services are becoming increasingly available. A hospital concierge provides similar services to those of a hotel concierge, but serves patients and employees as well. This helps hospital employees who work long shifts and helps to provide work–life balance. There are numerous independent personal concierge companies that provide errand services and information services for their members. Services include informational requests, setting dinner reservations, making telephone calls, researching travel arrangements and more. Typically, concierge companies will bill on an hourly rate, and depending upon

176-489: A security guard over the late night shift . In medieval times, the concierge was an officer of the king who was charged with executing justice, with the help of his bailiffs . Later on in the 18th century, the concierge was a high official of the kingdom, appointed by the king to maintain order and oversee the police and prisoner records. In 19th-century and early 20th-century apartment buildings, particularly in Paris ,

220-542: A catalyst for economic growth, may not serve their intended purpose if they simply shift economic activity, rather than create it. A study done by Jones Lang LaSalle Incorporated (JLL) found that "90 percent of Hudson Yards' new office tenants relocated from Midtown." Some of the more frequent mixed-use scenarios in the United States are: The first large-scale attempt to create mixed-use development in Australia

264-716: A city can be impacted by mixed-use development. With the EPA putting models in the spreadsheet, it makes it much easier for municipalities, and developers to estimate the traffic, with Mixed-use spaces. The linking models also used as a resource tool measures the geography, demographics, and land use characteristics in a city. The Environmental Protection Agency has conducted an analysis on six major metropolitan areas using land usage, household surveys, and GIS databases. States such as California, Washington, New Mexico, and Virginia have adopted this standard as statewide policy when assessing how urban developments can impact traffic. Preconditions for

308-579: A combination of public and private interests, do not show a decrease in carbon emissions in comparison to metropolitan areas that have a low, dense configuration. This is possibly because hybrid metropolises are prone to attract car traffic from visitors. Due to the speculative nature of large scale real estate developments, mega-mixed-use projects often fall short on meeting equity and affordability goals. High-end residential, upscale retail, and Class A office spaces appealing to high-profile tenants are often prioritized due to their speculative potential. There

352-417: A role in 1986 with a zoning bylaw that allowed for commercial and residential units to be mixed. At the time, Toronto was in the beginning stages of planning a focus on developing mixed-use development due to the growing popularity of more social housing. The law has since been updated as recently as 2013, shifting much of its focus outside the downtown area which has been a part of the main city since 1998. With

396-651: A service by financial institutions to their most valuable clients as way of retaining and attracting clients. Lifestyle and travel concierge companies often offer their service as a white-label or semi-branded product on a business-to-business-to-consumer (B2B2C) basis. Banks who currently offer concierge services to clients include Coutts , China Merchants Bank , RBC , and HSBC . Airport concierge services help travellers make it through security, customs, and immigration faster, and provide lounge access. The owners and operators of concierge, lifestyle management, and errand service businesses are supported and advocated by

440-509: A significant focus on affordable housing provisions in these plans. Mixed-use buildings can be risky given that there are multiple tenants residing in one development. Mega-mixed-use projects, like Hudson Yards , are also extremely expensive. This development has cost the City of New York over 2.2 billion dollars. Critics argue that taxpayer dollars could better serve the general public if spent elsewhere. Additionally, mixed-use developments, as

484-618: A significant intersection in Toronto, portions of the Mirvish Village project site are zoned as "commercial residential" and others as "mixed commercial residential". Within the City of Toronto's zoning by-laws, commercial residential includes "a range of commercial, residential and institutional uses, as well as parks." Mirvish Village's programmatic uses include rental apartments, a public market, and small-unit retail, while also preserving 23 of 27 heritage houses on site. The project

SECTION 10

#1732771927247

528-547: A steel office and retail section, separated by a seven-story atrium. The design of the courtyard at One Beacon Court, which connects 58th and 59th Streets, was inspired by other historic New York enclosures such as Grand Central Terminal , the reading room of the New York Public Library Main Branch , and the skating rink at Rockefeller Center ; glass walls curve around the perimeter of the courtyard, tilting slightly inward as they rise. Although

572-569: A strong ability to adapt to changing social and economic environments. When the COVID-19 pandemic hit, New York retailers located on long, commercially oriented blocks suffered severely as they were no longer attracting an audience of passersby. By combining multiple functions into one building or development, mixed-use districts can build resiliency through their ability to attract and maintain visitors. More sustainable transportation practices are also fostered. A study of Guangzhou, China , done by

616-519: A unit. Hedge fund manager Steven A. Cohen 's unit was listed for sale for $ 67.5 million in 2017. Joseph Betesh, co-owner of hip hop clothing outlet Dr. Jay's, owned an apartment in the building from 2005 to 2013, which is now owned by VFT Investments. Residents have access to concierge services by the London-based Quintessentially Group , as well as use of "The Beacon Club", the 29th-floor amenity space that includes

660-618: Is also a trend towards making residential spaces in mixed-use developments to be condominiums, rather than rental spaces. A study done by the Journal of the American Planning Association found that a focus on homeownership predominantly excludes individuals working in public services, trades, cultural, sales and service, and manufacturing occupations from living in amenity-rich city centers. Despite incentives like density bonuses, municipalities and developers rarely put

704-462: Is also absent in Germany and Russia where zoning codes make no distinction between different types of housing. America's attachment to private property and the traditional 1950s suburban home, as well as deep racial and class divides, have marked the divergence in mixed-use zoning between the continents. As a result, much of Europe's central cities are mixed use "by default" and the term "mixed-use"

748-535: Is also found in these districts. This development pattern is centered around the idea of "live, work, play," transforming buildings and neighborhoods into multi-use entities. Efficiency, productivity, and quality of life are also increased with regards to workplaces holding a plethora of amenities. Examples include gyms, restaurants, bars, and shopping. Mixed-use neighborhoods promote community and socialization through their bringing together of employees, visitors, and residents. A distinctive character and sense-of-place

792-425: Is an employee of a multi-tenant building, such as a hotel or apartment building, who receives guests. The concept has been applied more generally to other hospitality settings and to personal concierges who manage the errands of private clients. The concierge serves guests of an apartment building, hotel, or office building with duties similar to those of a receptionist . The position can also be maintained by

836-399: Is created by transforming single use districts that may run for eight hours a day (ex. commercial office buildings running 9am - 5pm) into communities that can run eighteen hours a day through the addition of cafes, restaurants, bars, and nightclubs. Safety of neighborhoods in turn may be increased as people stay out on the streets for longer hours. Mixed-use neighborhoods and buildings have

880-422: Is incentivized in these regions. By taking undervalued and underutilized land, often former heavy industrial, developers can repurpose it to increase land and property values.  These projects also increase housing variety, density, and oftentimes affordability through their focus on multifamily, rather than single-family housing compounds. A more equal balance between the supply and demand of jobs and housing

924-717: Is much more relevant regarding new areas of the city where an effort is made to mix residential and commercial activities – such as in Amsterdam's Eastern Docklands . Expanded use of mixed-use zoning and mixed-use developments may be found in a variety of contexts, such as the following (multiple such contexts might apply to one particular project or situation): Any of the above contexts may also include parallel contexts such as: Mixed-use developments are home to significant employment and housing opportunities. Many of these projects are already located in established downtown districts, meaning that development of public transit systems

SECTION 20

#1732771927247

968-582: Is notable for its public consultation process, which was lauded by Toronto city officials. Architect Henriquez and the developer had previously collaborated on mixed-use projects in Vancouver , British Columbia , including the successful Woodward's Redevelopment . In the United States, the Environmental Protection Agency (EPA) collaborates with local governments by providing researchers developing new data that estimates how

1012-614: Is the US's largest project to ever be financed by TIF ( tax increment financing ) subsidies. It did not require voter approval, nor did it have to go through the city's traditional budgeting process. Rather, the project is financed by future property taxes and the EB-5 Visa Program. This program provides VISAs to overseas investors in exchange for placing a minimum of $ 500,000 into US real estate. Concierge A concierge ( French pronunciation: [kɔ̃sjɛʁʒ] )

1056-472: The 1960s. Since the 1990s, mixed-use zoning has once again become desirable as it works to combat urban sprawl and increase economic vitality. In most of Europe, government policy has encouraged the continuation of the city center's role as a main location for business, retail, restaurant, and entertainment activity, unlike in the United States where zoning actively discouraged such mixed use for many decades. In England, for example, hotels are included under

1100-543: The August 6, 2007, issue of The New Yorker magazine, lauded the Bloomberg offices as "a newsroom truly designed for the electronic age ... a dazzling work environment tucked inside a refined but conventional skyscraper." By 2011, Bloomberg L.P. added another 200,000 sq ft (19,000 m) of office space at 731 Lexington Avenue and announced plans to expand to an additional 400,000 sq ft (37,000 m) in

1144-790: The Journal of Geographical Information Science, found that taxis located in regions where buildings housed a greater variety of functions had greatly reduced traveling distances. Shorter traveling distances, in turn, support the use of micro-mobility . Pedestrian and bike-friendly infrastructure are fostered due to increased density and reduced distances between housing, workplaces, retail businesses, and other amenities and destinations. Additionally, mixed-use projects promote health and wellness, as these developments often provide better access (whether it be by foot, bicycle, or transit) to farmer's markets and grocery stores. However, hybrid metropolises, areas that have large and tall buildings which accommodate

1188-457: The United States came after World War II when planner and New York City Parks Commissioner , Robert Moses , championed superhighways to break up functions and neighborhoods of the city. The antithesis to these practices came from activist and writer, Jane Jacobs , who was a major proponent of mixed-use zoning, believing it played a key role in creating an organic, diverse, and vibrant streetscape. These two figures went head-to-head during much of

1232-409: The building from The New York Palace Hotel in 2006, but vacated in 2018. Residential tenants included Beyoncé , former NBC Nightly News anchor Brian Williams , and Bobby Abreu . Johnny Damon sold his unit for $ 8 million in 2010. Tina Knowles sold her unit for $ 5.6 million in 2011. Jack Welch purchased a unit in the building for $ 6.4 million and Jeffrey Immelt paid just over $ 4 million for

1276-558: The building is known as One Beacon Court and is served by a separate entrance. 731 Lexington Avenue is a 55-story building with a roof height of 806 ft (246 m). As of July 2022, it is the 40th-tallest building in New York City and the 85th-tallest building in the United States . The building occupies the former site of an Alexander's department store and is owned by the Alexander's real estate investment trust,

1320-473: The building was originally planned to be entirely residential, Bloomberg L.P. negotiated a deal with Vornado Realty Trust to lease 700,000 sq ft (65,000 m) of office space at the base of the tower. STUDIOS Architecture did the design, which includes rows of uniform desks for approximately 4,000 employees and a large central atrium known as "the Link" that overlooks the courtyard. Paul Goldberger , in

1364-424: The concierge was known as a "Suisse", as the post was often filled by Swiss people. They often had a small apartment on the ground floor, called loge , and were able to monitor all comings and goings. However, such settings are now extremely rare; most concierges in small or middle-sized buildings have been replaced by the part-time services of door-staff . Some larger apartment buildings or groups of buildings retain

731 Lexington Avenue - Misplaced Pages Continue

1408-531: The early 1990s, when the local government wanted to reduce the then-dominant car-oriented development style. The Metropolitan Area Express , Portland's light rail system, encourages the mixing of residential, commercial, and work spaces into one zone. With this one-zoning-type planning system, the use of land at increased densities provides a return in public investments throughout the city. Main street corridors provide flexible building heights and high density uses to enable "gathering places". Hudson Yards project

1452-430: The former Philip Morris building at 120 Park Avenue. Bloomberg pays Alexander's, the owner of the building, $ 105 million in annual rent. The PBS commentary series Charlie Rose was formerly produced at 731 Lexington Avenue. Bloomberg Television also has its flagship studio in the building. Retail tenants include The Home Depot , H&M , and The Container Store . Sirio Maccioni 's Le Cirque restaurant moved to

1496-456: The initial one with new policies focused on economic and urban renewal issues. In particular, the 1988 Plan was designed in collaboration with a transport strategy and was the first to recommend higher development densities. Since then, Australian planning authorities have given greater priority to mixed-use development of inner-city industrial land as a way of revitalising areas neglected by the decline in manufacturing, consolidating and densifying

1540-663: The non-profit International Concierge and Lifestyle Management Association (ICLMA) and the National Concierge Association. The French word concierge is likely derived from the Old French cumcerges , itself related to the Medieval Latin consergius or the Latin conservus ("fellow slave"). Another possibility, suggested by French authors as early as the 19th century, is that "concierge"

1584-412: The previously underpopulated urban centres. This new urban planning approach has had a significant impact on the use of land parcels in major Australian cities: according to 2021 data from Australian Bureau of Statistics , mixed zoning already suppose more than 9% of new housing approvals. One of the first cities to adopt a policy on mixed-use development is Toronto . The local government first played

1628-441: The protection of property values stood as the motivation behind this separation. In the United States, the practice of zoning for single-family residential use was instigated to safeguard communities from negative externalities , including air, noise, and light pollution, associated with heavier industrial practices. These zones were also constructed to alleviate racial and class tensions. The heyday of separate-use zoning in

1672-501: The regulations in place, the city has overseen the development of high-rise condominiums throughout the city with amenities and transit stops nearby. Toronto's policies of mixed-use development have inspired other North American cities in Canada and the United States to bring about similar changes. One example of a Toronto mixed-use development is Mirvish Village by architect Gregory Henriquez . Located at Bloor and Bathurst Street ,

1716-405: The same umbrella as "residential," rather than commercial as they are classified under in the US. France similarly gravitates towards mixed-use as much of Paris is simply zoned to be "General Urban," allowing for a variety of uses. Even zones that house the mansions and villas of the aristocrats focus on historical and architectural preservation rather than single family zoning. Single family zoning

1760-463: The success of mixed-use developments are employment, population, and consumer spending . The three preconditions ensure that a development can attract quality tenants and financial success. Other factors determining the success of the mixed-use development is the proximity of production time, and the costs from the surrounding market. Mixed-use zoning has been implemented in Portland, Oregon , since

1804-445: The successor to the defunct retail chain. Construction on the building began in 2001, three years after the vacant Alexander's department store was demolished. The building was developed by Vornado Realty Trust , as a fee developer, with César Pelli & Associates as architect. The building comprises a full city block between Lexington and Third Avenues and 58th and 59th Streets. The complex features two towers constructed above

731 Lexington Avenue - Misplaced Pages Continue

1848-576: The type of task, fees can vary drastically. Other companies bill a flat monthly fee based upon the number of requests a member is allowed to place each month. In the United Kingdom, since the year 2000 and as of 2010, concierge has become a key marketing and loyalty tool in the banking sector and offered as a benefit on luxury credit cards . This service offering is also known as lifestyle management. Concierges also entertain their clients. Additionally, concierge services are now frequently offered as

1892-415: The use of concierges. The concierge may, for instance, keep the mail of absented dwellers, be entrusted with the apartment keys to deal with emergencies when residents are absent, provide information to residents and guests, provide access control, enforce rules, and act as a go-between for residents and management when management is not on-site. A modern concierge may also serve as a lifestyle manager, like

1936-670: Was the Sydney Region Outline Plan , a plan that identified Sydney 's need to decentralise and organise its growth around the metropolitan area. Its main objective was to control the city's rapid post-war population growth by introducing growth corridors and economic centres that would help prevent uncontrolled sprawl and the overuse of the car as a means of transport Several city centres such as Parramatta or Campbelltown benefited from these policies, creating economic hubs with his own inner-city amenities along Sydney's main thoroughfares. Subsequent plans complemented

#246753