Daily News from New York, New York • 362

DAILY NEWS Friday, October 4, 1985 BSI Real Estate N.Y. gets its tallest residential building A WE vrw 5fAf-sS- vmmmimmmmm vfau i pi fm ETROPOLITAN TOWER, ti i tj soon to be New York City's II vfU tallest residential building, will use innovative construction techniques to produce a glass-sheathed tower that rises 716 feet. Located at 146 W. 57th just east of Carnegie Hall, the structure reportedly will be the tallest concrete building in New York City and the sixth tallest in the world. The building's 66 construction floors are the equivalent of a 78-story residential building.

It is the first New York City building to have a triangular residential tower constructed on a rectangular commercial base. Developed by the Harry Macklowe Real Estate Company, Metropolitan Tower is "designed to provide spectacular views, while continuing the cornice line of the neighboring buildings to reinforce the street wall," said a spokesman for Macklowe Real Estate. Architecturally significant "The prime design considerations for Metropolitan Tower were to develop an architecturally significant building offering some of the most spectacular views of New York City. The residential tower was oriented to present the best views of Manhattan, the Hudson and East Rivers, and the Metropolitan area," the spokesman said. Skillful engineering The triangular residential tower rises from an 18-story rectangular base that will contain 225,000 square feet of office space.

According to the spokesman, skillful engineering of materials was required to accomplish the great height and configuration of the building. "An extraordinary volume of concrete, and unusually dense mass of steel reinforcing, huge beams up to 15 feet deep, and a complex three-story structural transfer floor give the building its structural integrity," the said. Running up the entire height of the building is the edge of the triangular tower form facing north on 57th St. This element acts to Integrate the 48-story residential tower with the commercial rectangular base. "The esthetic of the triumphant tower is sleek and geometric with a strong reliance on the diagonal," the spokesman noted.

Old Vienna A trellis canopy will lead to a two-story classical entryway distinguished by its black Italian marble on both the floor and walls. A portal with modified Doric columns opens onto the concierge lobby area with Lai ique style etched glass doors leading to the elevators. According to the spokesman, the lobby is designed to convey the feeling of elegance and luxury in a turn-of-the-century Viennese style. The architect for the building is Schuman, Lichtensteink Claman Efron; the mechanical engineer is Cosentini Associates with Robert Rosenwasser Associates, P.C., serving as structural engineers. Construction manager is HRH Construction Corporation.

Luxury condos The residential tower will contain 246 luxury condominiums of one-, two- and three-bedroom apartments as well as special duplexes on the upper floors and a penthouse duplex. Each apartment will have an entry hall, walk-in closets, and a state-of-the-art kitchen with a glazed white tile floor, the spokesman revealed. The bathrooms will have white Carrara marble walls, glass enclosed showers, European design whirlpool bathtubs, bidets and toilets and vanities with marble counter-tops and mirrored walls. The Tower's catering kitchen will be able to prepare a dinner for two or a reception for 200. Overlooking the park The private dining club on the 30th floor will provide breakfast, lunch and dinner, with dining inside and outside on a terrace overlooking Central Park.

Adjacent to the dining club will be a private fitness center which will have a 40 foot swimming pool, a whirlpool, steam rooms, saunas and massage rooms as well as exercise clases and exercise machines. Valet services will include housekeeping, laundry, dry cleaning and shoe shine services as well as a package delivery service. Fourteen housekeeping units will also be available. There will be a garage and chauffeur's waiting lounge underneath the building. Metropolitan Tower will feature state-of-the-art security systems with audio-visual intercoms connecting the concierge with every apartment and service area in the building.

There will be intrusion alarms, a taxi call button and a medical alert in each apartment, which will have wiring for telephones and cable television, and will have individually controlled heat and air conditioning. A communications center equipped for business and personal needs, will have a a stock quotation machine, a telex, telecopier and postage meter machines. A telephone answering service and call forwarding will also be available. The heart of the city The spokesman noted that Metro- rr ta mmw 1. mm mi tr wmw- r.x.

prFf mm mm sat 'mnmw ir pummm r. prrr 4r rrr rrrrr I r'aPr r-Qi I StS "1 1 red rrr METROPOLITAN TOWER will rise 716 feet on W. 57th St. politan Tower will be near Fifth and and the midtown business district Madison Aves. and close to the some Commercial occupancy is set for of the city's greatest cultural institu- early 1986 and residential occupancy tions, art galleries, Lincoln Center in the spring of 1986.

A 2 treat! so LFRED TAUBMAN, one of the nation leading real estate de velopers, recently concluded a financing transaction involving retail tion of over a year of intensive market and financial analysis, including our review of over 2,000 leases and a substantial number. of mortgage and partnership agreements. "The unique challenge for Salomon Brothers was to develop a selective marketing strategy that would accommodate the enormous size and complexity of the Taubman portfolio. Our effort was aided by the Taubman reputation and the blue-chip quality of the real estate. We believe we have matched the Taubman Group with equally blue-chip investors with complementary objectives and represented by an unusually sophisticated real estate adviser." to take advantage of a number of opportunities for growth and diversification while maintaining our strong commitment to and control of our retail properties." "We view this investment as a rewarding and secure opportunity to align our clients with a leading retail developer and manager in the United States, while investing in a diversified portfolio of the highest quality retail properties," said Joseph Azrack, a principal of Aldrich, Eastman Waltch, Inc.

Commenting for Salomon Brothers, which advised Taubman on the financing, Daniel P. Kearney, managing director, said, "This transaction represents the culmina Taubman is chairman and chief executive officer. After 1997, the pension funds together will have the right to become jointly a 50 limited partner in TRG itself. GFI and funds The pension trusts of the General Motors Corporation were the lead investors in the transaction. The pension trust also participated in the transaction.

The pension trusts were independently advised by Boston-based Aldrich, Eastman Waltch, a registered investment adviser specializing in real estate. In a statement, Taubman said, "This action provides the flexibility properties with a current value of $2 billion. The transaction resulted in a loan from two pension funds to the Taub-man Realty Group Limited Partnership (TKG), a real estate limited partnership formed to execute the financing. The loan is to be secured by in terests in 17 of Taubman's regional retail centers, representing approximately 20 million square feet of gross leasable area, all of which will continue, to be managed, by Taubnuin Company, of which.