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  #5841  
Old Posted Nov 10, 2018, 1:59 AM
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Enjoying watching the both the tower's progression, and the season change in these photos... keep 'em coming!
Yeah, fall is always a great time.



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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Nov 10, 2018 at 4:52 AM.
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  #5842  
Old Posted Nov 11, 2018, 8:00 AM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Nov 11, 2018 at 8:13 AM.
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  #5843  
Old Posted Nov 12, 2018, 3:50 AM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5844  
Old Posted Nov 12, 2018, 4:29 PM
LAsam LAsam is offline
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These new towers in NYC, starting with the Drake, are incredibly tall relative to their footprints. Did something change in engineering abilities or NYC building codes that caused these to recently pop up?
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  #5845  
Old Posted Nov 12, 2018, 5:00 PM
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These new towers in NYC, starting with the Drake, are incredibly tall relative to their footprints. Did something change in engineering abilities or NYC building codes that caused these to recently pop up?
It's recently become cheaper and more feasible to build tall, skinny towers. Still extremely expensive, but the costs/engineering make more sense now. These aren't statement buildings (like you see in Dubai or China, or even historically in the U.S. with ESB, Sears, etc.), they're actually very practical given market conditions.

Also, the demand side has reached a point where residents or companies are willing to incur the enormous costs of supertall construction. Once people are paying $6,000 a foot++ for housing, yeah, you can go very tall.
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  #5846  
Old Posted Nov 12, 2018, 5:29 PM
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It's recently become cheaper and more feasible to build tall, skinny towers. Still extremely expensive, but the costs/engineering make more sense now. These aren't statement buildings (like you see in Dubai or China, or even historically in the U.S. with ESB, Sears, etc.), they're actually very practical given market conditions.

Also, the demand side has reached a point where residents or companies are willing to incur the enormous costs of supertall construction. Once people are paying $6,000 a foot++ for housing, yeah, you can go very tall.
.........I'm just curious, are there any estimates for what percent of these super tall towers will actually be occupied year round (or most of the year) ?
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  #5847  
Old Posted Nov 13, 2018, 2:28 AM
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.........I'm just curious, are there any estimates for what percent of these super tall towers will actually be occupied year round (or most of the year) ?
That will obviously vary for towers on Billionaire's row. But towers like 45 Broad and 9 deKalb are basically just tall residential towers, not in the ultra-luxury class. (9 deKalb in fact will have affordable housing). So you have an ultra luxury tower like Steinway that has a very limited number of units, and a tower like 9 deKalb that has over 400 units, including rentals and the affordable housing.



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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5848  
Old Posted Nov 13, 2018, 5:28 AM
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^^^^^

That last shot is incredible. Look at that just chaotic mess going on. Skyscraper density is an understatement.
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  #5849  
Old Posted Nov 13, 2018, 11:55 AM
faridnyc faridnyc is online now
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My question is, can central park tower domine the skyline àfter nos?
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  #5850  
Old Posted Nov 13, 2018, 5:22 PM
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^^^^^

That last shot is incredible. Look at that just chaotic mess going on. Skyscraper density is an understatement.
Yes, and the Hudson Yards isn't visible. Also, Chase and Vandy will add to the mix. I still don't want CPT to be the tallest on the Midtown skyline. Maybe Chase - another boxy building - would add something.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5851  
Old Posted Nov 13, 2018, 6:59 PM
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A view from my future home.


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I wish...
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  #5852  
Old Posted Nov 13, 2018, 7:30 PM
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5853  
Old Posted Nov 14, 2018, 3:18 AM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Nov 14, 2018 at 3:40 AM.
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  #5854  
Old Posted Nov 14, 2018, 1:22 PM
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^ New York is Ok I guess.
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  #5855  
Old Posted Nov 15, 2018, 3:45 AM
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^ New York is Ok I guess.
One of the nicest times of the year.



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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5856  
Old Posted Nov 15, 2018, 9:41 AM
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.........I'm just curious, are there any estimates for what percent of these super-tall towers will actually be occupied year round (or most of the year) ?
I've visited the sales offices of three of these beautiful new supertall buildings and the average rate of owner-occupied apartments is around 60% SO FAR.
The agents were very apprehensive in handing out such figures as they can change rapidly IF the high-end market increases significantly.
HOWEVER, during our conversation when they were more relaxed and sure I was going to purchase one of their offerings, two of the four agents I spoke to (a number of times now in the recent two months) stated some fear that not only they feel as sales agents, but the developers are currently walking on egg shells......very proud of their game changing buildings but fearful there will be a minuscule amount of people who would even THINK of spending tens of millions of dollars on these units. I predict well over 2/3 of each of the top five buildings will remain unsold for years after completion.
I believe the penthouse of Trump Tower in Chicago.....the 15,000 sq ft floor through unit is STILL on the market some seven years since it was first released to the public.
Personally, I am afraid of a SERIOUS new unit crash due to outrageously, ridiculously overpriced offerings at less than stellar finishes. All it will take are two or three buildings to plunge this segment of the market right down the toilet.
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  #5857  
Old Posted Nov 15, 2018, 2:48 PM
bgsrand bgsrand is offline
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I've visited the sales offices of three of these beautiful new supertall buildings and the average rate of owner-occupied apartments is around 60% SO FAR.
The agents were very apprehensive in handing out such figures as they can change rapidly IF the high-end market increases significantly.
HOWEVER, during our conversation when they were more relaxed and sure I was going to purchase one of their offerings, two of the four agents I spoke to (a number of times now in the recent two months) stated some fear that not only they feel as sales agents, but the developers are currently walking on egg shells......very proud of their game changing buildings but fearful there will be a minuscule amount of people who would even THINK of spending tens of millions of dollars on these units. I predict well over 2/3 of each of the top five buildings will remain unsold for years after completion.
I believe the penthouse of Trump Tower in Chicago.....the 15,000 sq ft floor through unit is STILL on the market some seven years since it was first released to the public.
Personally, I am afraid of a SERIOUS new unit crash due to outrageously, ridiculously overpriced offerings at less than stellar finishes. All it will take are two or three buildings to plunge this segment of the market right down the toilet.
Yeah well you'd pretty much be incorrect on all assumptions there. First, the Chicago TT penthouse sold over 4 years ago. Not to mention that the Chicago luxury market is not even in the same ballpark as NYC.

Second, these buildings have been incredibly successful. Just look next door at Vornado's 220 CP where they released sales figures recently showing VERY strong sales. Not sure who you talked to, or if that's even true, but you got fed some BS. Not to mention these developers probably have a better handle-on the market than people discussing it in an online forum....
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  #5858  
Old Posted Nov 16, 2018, 5:48 AM
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5859  
Old Posted Nov 16, 2018, 7:25 AM
mt_climber13 mt_climber13 is online now
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Beautiful skyline! Best in the world.
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  #5860  
Old Posted Nov 16, 2018, 9:52 AM
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I noticed that central park tower surpassing bank of america tower now
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