Trump Plaza (New York City)

From Wikipedia, the free encyclopedia
Trump Plaza
Trump Plaza NYC.jpg
Trump Plaza in 2012
General information
Status Complete
Type Cooperative apartments and retail
Address 167 East 61st Street, Upper East Side, Manhattan
Town or city New York City
Country United States
Coordinates 40°45′48″N 73°57′57″W / 40.763298°N 73.965703°W / 40.763298; -73.965703Coordinates: 40°45′48″N 73°57′57″W / 40.763298°N 73.965703°W / 40.763298; -73.965703
Named for Donald Trump
Construction started 1982
Opened March 1984
Renovated 2016
Cost $125 million
Height 366 feet[1]
Technical details
Floor count 36
Design and construction
Architect Philip Birnbaum
Structural engineer Rosenwasser / Grossman Consulting Engineers, P.C.[1]
Other information
Number of units 154[2]

Trump Plaza is a 36-story cooperative apartment and retail building named after Donald Trump and located at 167 East 61st Street in the Upper East Side of Manhattan, New York City.[1] The property, designed by Philip Birnbaum and built at a cost of $125 million, was opened in 1984.

History

Construction

Construction of Trump Plaza began in 1982, at the intersection of East 61st Street and Third Avenue.[1] Donald Trump negotiated a 40-year deal with the owner of the land in which the building would pay an annual rent of approximately $1.2 million until 2023.[3][2] Trump chose to name the project Trump Plaza to capitalize on the marketing success of his nearby Trump Tower. The project, initially expected to cost $50 million, was to contain 180 cooperative apartment units, located above 12,000 sq ft (1,100 m2) of retail space that would be situated on the ground floor.[4]

Two project offices on East 61st Street, made of brownstone, were to be converted into apartments after the main structure was completed.[4] Trump said that despite the popularity of condominiums in New York at that time, "I wanted to buck the trend. There are a lot of people who want to live in a cooperative. […] Many people find a co-op's exclusivity, the unity it gives a building, comforting. This exclusivity can be used negatively, but it has positive aspects as well."[4] Units would range from 1,200 sq ft (110 m2) to 1,900 sq ft (180 m2), with prices between $285,000 and $1 million.[4]

Sales began in April 1983, with initial prices starting at $450 per square foot.[5] In May 1983, a construction worker died after falling 33 stories while working on the project.[6] By July 1983, starting prices for apartment units in the project had increased six times, ultimately reaching up to $1,200 per square foot; 50 percent of the apartments had been leased up to that point.[5] The building cost $125 million to construct.[7]

Opening and operation

Trump Plaza was opened in March 1984, with 145 units.[8] Notable residents included former Kentucky governor John Y. Brown Jr. and his wife Phyllis George, as well as Dick Clark and Martina Navratilova.[7] At the time of opening, Trump owned 90 percent of the building partnership.[7] Apartment owners, under the name of Trump Plaza Owners Inc., sued Trump in February 1990, claiming the building contained various defects. The suit sought for Trump to pay $10.7 million and to have his name removed from the building.[9]

As of 1999, Trump still owned a few apartment units, as well as retail space and the property's parking garage.[10] As of 2015, the property is operated by Douglas Elliman Property Management.[3] In 2016, to remain competitive with newer residential projects, Trump Plaza's basement gym facility was converted into a children's playroom, while the gym was relocated to a space on the first and second floor that was previously used as an apartment by the building superintendent.[11]

Design

Trump Plaza was designed by Philip Birnbaum and was built out in a Y-shape.[4] The structure is made of limestone, glass, and metal,[12] and includes five apartments on each floor,[13] while the building includes a total of 340,000 sq ft (32,000 m2).[4] Trump, who sometimes exaggerated the number of floors in his buildings, stated that Trump Plaza was 39 stories high while it is actually 36 stories.[14]

Although Birnbaum was known for simple building designs in New York City, architectural critic Paul Goldberger stated that Trump Plaza "looks as if it might be the finest building in Caracas – all of this sleekness is chic in a particularly Latin way, quite uncharacteristic of New York, despite the lavish use of limestone." Goldberger also stated that no one "could possibly mistake it for yet another Third Avenue high-rise."[13] Goldberger later called it "a better and more striking building than the typical Third Avenue brick box, but it is nothing if not showy."[15]

Birnbaum was subsequently hired to design a nearby high-rise condominium known as the Savoy, to be built at the opposite intersection corner diagonally across from Trump Plaza. Birnbaum gave the Savoy a similar design to Trump Plaza, as he envisioned the buildings as the gateway to upper Third Avenue. In April 1984, Trump sued Birnbaum and Morton Olshan, owner of the Savoy, for allegedly copying the design of his building. Trump sought $60 million in damages.[16][17] A settlement was reached in October 1984, after Olshan agreed to have his building redesigned. The Savoy was still under construction at the time.[18][12][19][20]

In 2016, Steve Cuozzo of the New York Post stated that the area around Trump Plaza had been "a lost highway of tenements and boxy, bland apartment buildings" and that the project "inspired four more similarly configured towers on the avenue and lent some badly needed class to uptown east of Lexington Avenue."[21]

Retail

An Italian restaurant named Alo Alo, owned by film producer Dino De Laurentiis and Brazilian business partner Ricardo Amaral, opened inside the building in 1985. By 1989, the restaurant had been sold.[22][23][24] In 2004, Select Comfort signed a 10-year lease to operate a 2,400 sq ft (220 m2) furniture store inside the building, replacing a restaurant known as Commissary.[25][26] In 2007, western retailer Billy Martin's USA opened a new 1,000 sq ft (93 m2) store inside Trump Plaza.[27] In 2012, the 2,450 sq ft (228 m2) Lobel's Kitchen opened inside the building.[28] By April 2014, the Lobel's Kitchen space was for lease at a cost of $600,000 per year.[29] Within two months, American Apparel planned to open a store in the former Lobel's space.[30]

References

  1. ^ a b c d "Trump Plaza Apartments". Emporis. Retrieved July 20, 2017. 
  2. ^ a b Carlyle, Erin (November 6, 2014). "Manhattan's Trump Plaza Apartment Owners Face $1 Million Fee". Forbes. Retrieved July 20, 2017. 
  3. ^ a b Satow, Julie (June 12, 2015). "Rising Costs a Concern for Land-Lease Building Owners". The New York Times. Retrieved July 20, 2017. 
  4. ^ a b c d e f Daniels, Lee A. (January 7, 1983). "About Real Estate; Upper East Side Attracts Two Mixed-Use Projects". The New York Times. Retrieved July 20, 2017. 
  5. ^ a b Wedemeyer, Dee (July 3, 1983). "A Turn in the Market for New Apartments". The New York Times. Retrieved July 20, 2017. 
  6. ^ "Worker Is Killed In 33-Story Fall". The New York Times. May 3, 1983. Retrieved July 20, 2017. 
  7. ^ a b c Geist, William E. (April 8, 1984). "The Expanding Empire of Donald Trump". The New York Times. Retrieved July 20, 2017. 
  8. ^ Oser, Alan S. (December 15, 1985). "Retailers' Locations; Movement at the Alexander's Site". The New York Times. Retrieved July 20, 2017. Trump Plaza, a 145-unit cooperative on the west side of the avenue between 60th and 61st Street, opened in March 1984 […]. 
  9. ^ "Trump Co-Op Tenant Suit Cites Poor Workmanship". The Press of Atlantic City. February 15, 1990. Retrieved July 20, 2017 – via NewsLibrary. 
  10. ^ Salkin, Allen (April 18, 1999). "Trump: The Smarts of the Deal". New York Post. Retrieved July 20, 2017. 
  11. ^ Kaufman, Joanne (April 22, 2016). "Insert a Gym, Then a Lounge: Older Buildings Add Amenities". The New York Times. Retrieved July 20, 2017. 
  12. ^ a b Goldberger, Paul (October 25, 1984). "Look-Alike Buildings: The Third Ave. Case". The New York Times. Retrieved July 20, 2017. 
  13. ^ a b Goldberger, Paul (August 16, 1984). "Defining Luxury in New York's New Apartments". The New York Times. Retrieved July 20, 2017. 
  14. ^ Cheshes, Jay (November 30, 2001). "Edifice Complex: Does The Donald have a size problem?". New York. Retrieved July 20, 2017. 
  15. ^ Goldberger, Paul (January 31, 1988). "Trump: Symbol of a Gaudy, Impatient Time". The New York Times. Retrieved July 20, 2017. 
  16. ^ "Postings; Building Higher". The New York Times. April 22, 1984. Retrieved July 20, 2017. 
  17. ^ "Builder Donald Trump Monday sued his former architect". United Press International. April 30, 1984. Retrieved July 20, 2017. 
  18. ^ "Accord Is Reached In Trump Dispute". The New York Times. October 10, 1984. Retrieved July 20, 2017. 
  19. ^ Goldberger, Paul (December 30, 1984). "Design Consciousness Reached a New High". The New York Times. Retrieved July 20, 2017. 
  20. ^ Dunlap, David W. (August 27, 1998). "What Next? A Fee for Looking?". The New York Times. Retrieved July 20, 2017. 
  21. ^ Cuozzo, Steve (February 7, 2016). "How Donald Trump helped save New York City". New York Post. Retrieved July 20, 2017. 
  22. ^ Duka, John (February 5, 1985). "Notes on Fashion". The New York Times. Retrieved July 20, 2017. 
  23. ^ Miller, Bryan (June 21, 1985). "Restaurants". The New York Times. Retrieved July 20, 2017. 
  24. ^ Miller, Bryan (January 13, 1989). "Restaurants". The New York Times. Retrieved July 20, 2017. 
  25. ^ Weiss, Lois (March 3, 2004). "Another Mogull Trumps Trump". New York Post. Retrieved July 20, 2017. 
  26. ^ Weiss, Lois (March 26, 2003). "Flag-Waving Philips Seals Chelsea Deal". New York Post. Retrieved July 20, 2017. 
  27. ^ Kapner, Suzanne (July 3, 2007). "Wild West Duds Hit Trump Plaza". New York Post. Retrieved July 20, 2017. 
  28. ^ Weiss, Lois (November 14, 2012). "A $izzling sum for Scoop bldg". New York Post. Retrieved July 20, 2017. 
  29. ^ Cuozzo, Steve (April 28, 2014). "Old Navy site in Herald Square draws eye-popping price". New York Post. Retrieved July 20, 2017. 
  30. ^ Cuozzo, Steve (June 23, 2014). "3 WTC gets a boost: Leasing spurt improves Silverstein's chances". New York Post. Retrieved July 20, 2017. 
Retrieved from "https://en.wikipedia.org/w/index.php?title=Trump_Plaza_(New_York_City)&oldid=815556677"
This content was retrieved from Wikipedia : http://en.wikipedia.org/wiki/Trump_Plaza_(New_York_City)
This page is based on the copyrighted Wikipedia article "Trump Plaza (New York City)"; it is used under the Creative Commons Attribution-ShareAlike 3.0 Unported License (CC-BY-SA). You may redistribute it, verbatim or modified, providing that you comply with the terms of the CC-BY-SA