^ I think he's just stating an opinion, it just came off the wrong way with the wrong words. It's obvious that we don't know what the future holds, we couldn't have predicted the towers we see rising now. Especially when only a few years ago, virtually nothing was rising in this part of town. New York is a world capital. People will always have big ideas on what to build in the City, and they won't always come from New York. So, while we can't predict anything, we really shouldn't be shocked whenever a new tallest is proposed for the City.
As far as this proposal goes, we're talking about a height reduction that may not even be. Will there be some disappointment? Yes, there always is whenever there is a height reduction. However, disappointment won't be on the scale of the 200 ft height chop of the Tower Verre, because there we had an actual design to know and love. Here, it's really just a number.
They won't release any designs until its final. It won't be like the Hudson Yards, where various renderings are released showing changes in design as the process works its way out.
Meanwhile, Nordstrom has taken it's ownership in the building, as was mentioned earlier...
http://www.law360.com/articles/46804...extell-project
Nordstrom Puts Down $102M To Own Space In Extell Project
By Kaitlin Ugolik
August 27, 2013
Quote:
Upscale clothing retailer Nordstrom Inc. has put a $102.5 million down payment on the space it plans to occupy in a mixed-use skyscraper planned by Extell Development Co., signing an agreement with Extell to to own the store as a condominium, Nordstrom announced Tuesday.
The new flagship store will occupy seven floors of the 88-story building when construction is completed, comprising about 285,000 square feet at the base of the retail, hotel and high-rise residential tower at 225 W. 57th St., just south of Central Park.
Nordstorm's floors will include the first five above-grade floors and two below, with street level entrances on W. 58th St., W. 57th St. and Broadway, according to the company.
"Nordstrom purchased the feel below a plane from Extell for an initial down payment of $102.5 million, with the remainder of the payments to be made in installments over time," Nordstrom said in a statement. "Once complete, Nordstrom will assume a condominium ownership of the store."
The deal comes after Extell recently finished assembling the project site with the purchase of the Beethoven Piano Building at 232 W. 58th St. for $25 million. The developer also obtained a $300 million from The Blackstone Group LP to replace an existing land loan with HSBC Bank PLC worth about $250 million, according to Nordstrom's Tuesday statement.
When the building at 225 W. 57th St. is completed, it will be one of the tallest buildings in Manhattan, and the world — taller than the 1,454-foot Empire State Building and almost as tall as the new One World Trade Center building.
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As expected, the store will have openings on all 3 sides.
http://www.globest.com/news/12_679/n...nt-337003.html
Extell Issues Statement on Nordstrom
Extell’s Gary Barnett plans to make 225 W. 57th St. one of the world's tallest buildings.
By Rayna Katz
August 27, 2013
Quote:
Extell and Nordstrom announced today that the high-end retailer is one step closer to bringing its first full-line store to New York City. The new flagship department store will comprise approximately 285,000 square feet at the base of a mixed-use, retail, hotel and high-rise residential tower still in its planning stages.
The department store will occupy seven floors, with street-level entrances on West 58th street, West 57th street, and Broadway. Nordstrom purchased the fee below a plane from Extell, for an initial down payment of $102.5 million, with the remainder of the payments to be made in installments over time. Once complete, Nordstrom will assume a condominium form of ownership of the store.
Additionally, Extell recently completed the assemblage of the development site with the acquisition of the Beethoven Piano building, located on 232 W. 58th St. Upon completion the landmark tower will be one of Manhattan’s tallest buildings.
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