LATEST NEWS

Construction Of A Condo Giant At 242 West 53rd Street Is Underway

Former Roseland Ballroom will stand 62 stories tall and come with 426 apartments.

By Team Agorafy December 6, 2016
242 West 53rd Street. Photo by Tectonic

The massive residential tower at 242 West 53rd Street was once home to the beloved Roseland Ballroom. Now the CetraRuddy-designed building is on its upward journey and will eventually stand 62 stories tall and come with 426 apartments—though, whether they will be rentals or condos is presently unclear.

Related: $16.5 Billion Mega Development In London Is Transforming The City

The rendering shows a glassy Lego like structure, by far outstripping anything around it. The amenity packed building will include a car parking garage, bike storage, tenant storage, resident lounges, two swimming pools, basketball court, an outdoor terrace and a roof, golf simulator and a private dining room.

Roseland Ballroom is not the first music establishment that gave way to shiny sky-high condos.

The Ballroom closed in April of 2014 after a series of shows by Lady Gaga. Amid tears and fond memories, demolition started in August and was completed a year later. Not all legendary music venues have gone the way of the condo, but, alas, gone they have.

Punk haven, CBGB’s at 315 Bowery closed in 2006 and had been replaced by a clothing store. Nearby, the Palladium on 14th St between Irving Place and 3rd Street shuttered its door in 1997 and was later demolished. A dorm room for NYC students has taken its spot. Music venues have been dropping faster than guests with food poisoning on a cruise ship. Lenox Lounge in Harlem closed in 2011. The Knitting Factory relocated to Williamsburg in 2009. And let’s not even get started on the once hallowed NYC club scene.

Justin Kalifowitz, the founder and president of Downtown Music Publishing, feels New York has lost its place as the world’s “undisputed music capital.”

RelatedPrintworks Venue Is Opening In London—And Could Show NYC A Thing Or Two

“I jokingly say that it was the year we lost the Grammys,” Mr. Kalifowitz told the NY Observer in 2014—even though talks are now underway to bring the Grammy’s back to the NYC. The Hit Factory around the corner from Roseland Ballroom, which recorded Stevie Wonder, Michael Jackson and Bruce Springsteen, among others, closed, to be opened as The Hit Factory condos. In 2007, Sony Music Studios met the same fate.

“I think New York is still unique to all big cities in the kind of manic energy it produces,” said the art historian Roselee Goldberg, when asked to assess the city’s cultural health. But high rents and luxury development have made it “impossible,” in her words, for young artists to feel comfortable in the city. “It means you’re not having that real birth of next-generation creativity,” she warned, “which we need to keep going.”

 

Team Agorafy

ABOUT THE AUTHOR Team Agorafy

ABOUT THE AUTHOR Team Agorafy

Our mission is to be the most accurate resource for commercial listings, residential listings, and property information, allowing users to make highly-informed decisions based on current market data.

  • AGORAFY
    Stefano Boeri, the architect mastermind behind the famous plant-covered skyscrapers, is now designing Forest Cities in Liuzhou, China. #ForestCity #China https://goo.gl/PsTUwv
  • AGORAFY
    Auction is the second scheduled in a month for a One57 unit and it could set a NYC foreclosure record. #BillionairesRow #Foreclosures https://goo.gl/NZ3zqD
  • AGORAFY
    Once a couch-surfing website, Airbnb moves on to luxury properties, further disrupting hospitality industry. #Airbnb #Luxury https://goo.gl/7TpLk6
Four Countries To Retire In With $200K In Savings—And How Much Real Estate Costs There
Ever dreamed of retiring abroad? You know, affordable healthcare, better climate, more positive news—becoming an expat seems like an enticing option, especially one you no…
While Other Real Estate Platforms Start Charging Agents $3-Per-Day Exposure Fee, Agorafy Remains Accessible To All
Real Estate searching platform are always finding news ways to diversify their revenues models. Case in point—on Tuesday July 18, Streeteasy, one of New York…
Is Real Estate Crowdfunding The Fix That Urban Housing In America Really Needs?
Saving money for a down payment? One can only hope. Most millennial in their twenties or thirties are mortified that they might never be able…
Brooklyn And Queens’ Real Estate Sub-Markets Continue Their Ascent To The New Heights
So, the sales prices in Brooklyn and Queens hit record highs. Again. Just like they did in December 2016 and at the end of this…
The Economy Of Car Services And Delivery Apps Might Be Making NYC Less Eco-Friendly
Living in an eco-friendly neighborhood is a good thing. And, as it always the case with the good things, it also costs more. High rents…
Building Communities: What The U.S. Developers Should Learn From Soho China
As our world emerges into the new period of globalization and technology, some of the most important by-products of this process are buildings that have…
Five Reasons Why All Entrepreneurs Must Keep Their Eyes On China
It is hard to overestimate the importance of Chinese influence on the modern global economy. Carving out a place in Chinese market and winning over…
Airbnb Up Their Game With A New Luxury Tier Featuring Mansions And Villas
Airbnb is about to seriously up their game. First, the company started testing a new service called Select in an attempt to push accommodation listings…