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Old Posted Jan 13, 2014, 8:44 PM
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Quote:
Originally Posted by Crawford View Post
If this is built at 1,800+ ft. then hopefully it will push Related to build taller on the western railyards.
The only problem with that is that the tallest buildings have to be on the eastern platform, according to the site plan. But maybe Related can get around that.


Quote:
Together the two sites could allow for an 1,800-foot mega-tower nearly 2.5 million square feet in size—what would be the tallest, and one of the largest, buildings in the city. Most of that structure would have to be for commercial use under the area's zoning, either office or hotel space, but it also could contain a substantial residential component as large as 400,000 square feet.

That residential component is key for anything approaching that 1,800 ft height. As a 2.5 msf office tower, the floor plates would probably be larger. I could see 2 msf of offices getting up to supertall status at least, with 400,000 sf of residential taking the top half or so of the tower. That would give us a tapering tower, something that could be topped with a spire giving us a classic look.

We see now that residential development is king in Manhattan (and the rest of the city), Related is even looking toward the residential end to carry it's entire project.

Quote:
The companies are breaking even on current leases in the hope that the white-hot market for residential real estate in Manhattan, along with the retail component, will carry the entire project.

But for now it's all speculation. Ultimately what gets built depends on who buys the parcel or parcels. The way things are going, I don't think it will be a long time before we find out.
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