I can wait until this starts covering up that blight that is Carnegie Hall Tower.
Quote:
Originally Posted by RobertWalpole
Unlike Chicago, there is a very strong, international demand for ultra-luxury apartments in NY. Therefore, this will not be Waterviewed.
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Waterview was 75% sold. It was not an issue of demand, which was clearly present and better performing than either other supertall under construction in Chicago at the time, Trump Tower Chicago or the Chicago Spire. It was a lack of financing of the structure and an unexperienced developer who went ahead on their own money, then ran out in the middle of a recession and bankrupted the entire company. Not to mention its hotel tenant pulling out.
Regardless, I doubt anything like that will happen with this building as this is quite a different time and the developer has been moving as financing allows.