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  #1821  
Old Posted Apr 19, 2017, 3:27 PM
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Originally Posted by jayden View Post
2WTC please!
2 WTC is Downtown. Any tenant there would be one that wants to relocate or remain there. That's the thing about New York, it's not just a matter of being in the "central" city, there are options that all could be considered that. I have to say, being practically above Grand Central (direct access to upstate, Connecticut, soon Long Island) is probably a better location than the WTC which currently only has direct access to New Jersey. Both sites are well connected to the subways obviously. The WTC has the advantage in pricing, and quantity of space.
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  #1822  
Old Posted Apr 20, 2017, 1:46 PM
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http://finance.yahoo.com/news/one-va...132800348.html

One Vanderbilt Moves toward Vertical Construction

Business Wire
April 20, 2017

Quote:
SL Green Realty Corp. today announced several construction milestones in the development of One Vanderbilt Avenue, all of which demonstrate significant progress toward vertical construction on the 1,401-foot Midtown Manhattan tower soon to rise at the doorstep of Grand Central Terminal.

One Vanderbilt’s construction manager AECOM Tishman has executed a Guaranteed Maximum Price (GMP) contract, which includes the procurement of more than 25,000 tons of domestically-fabricated structural steel from Banker Steel Company, a Virginia-based steel fabrication firm, and secured a New Building Permit from the New York City Department of Buildings.

“This series of milestones represents the most tangible sign yet that a new era in Midtown East is close at hand,” said Marc Holliday, SL Green’s Chief Executive Officer. “Not only will Manhattan’s skyline soon be getting a spectacular new addition utilizing 100 percent union labor, but the experience of going to work in Midtown East will improve dramatically. Along with our joint venture partners—the National Pension Service of Korea and Hines—we’re very much looking forward to beginning the next phase of this progress that will shape New York’s future.”


Vertical construction for the 1.7 million-square-foot, 58-floor building is slated to begin in early May. In February, workers poured 4,200 cubic yards of concrete into the foundation at One Vanderbilt, which marked the largest single continuous pour in New York City history.
Banker Steel will be erecting steel that is fabricated at plants located in South Plainfield, New Jersey and Lynchburg, Virginia. Steel erection is scheduled to begin July, 2017.

“We build New York’s most iconic projects and recognizable buildings that transform the skyline. There isn’t a better example of that than SL Green’s visionary One Vanderbilt,” said Jay Badame, President of AECOM Tishman. “As we move toward vertical construction in May, our team is looking forward to New York’s next great address rising from the ground.”

Designed by Kohn Pedersen Fox (KPF) Associates, One Vanderbilt will encompass an entire city block, bounded by Madison and Vanderbilt Avenues to the west and east, and East 43rd and East 42nd Streets to the north and south. Expected to achieve LEED Gold under version 4.0, the trophy tower will feature floor-to-ceiling slab heights ranging from 14'6" to 20', column-free floorplates, and stunning 360-degree views through floor-to-ceiling windows. It will also include a package of modern office amenities unrivaled in New York City, including a 30,000-square-foot tenant-only amenity floor and outdoor terrace.

In partnership with celebrated Chef Daniel Boulud, One Vanderbilt will offer a world-class 11,000 square-foot restaurant as well as private dining opportunities for tenants of the building. Immediately adjacent to one of the city’s key transit hubs, the building will create direct connections to the Grand Central transit network, which SL Green will improve through $220 million in public transit upgrades.

Construction is expected to be complete in 2020.
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  #1823  
Old Posted Apr 20, 2017, 2:01 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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  #1824  
Old Posted Apr 20, 2017, 10:58 PM
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https://therealdeal.com/2017/04/20/h...marc-holliday/


Quote:
During the earnings call, Holliday also explained the decision to sign a “guaranteed maximum price” agreement (which leaves the general contractor on the hook for cost overruns) with Tishman Construction for the office project One Vanderbilt. “A big element of the risk has now been assumed by Tishman, not just cost risk but scheduling,” Holliday said.

Meanwhile, the company’s head of leasing Steven Durels gave an update on the company’s leasing strategy at the tower, where it expects to reach average rents of $150 per square foot.

“We are not targeting the big 1-million-square-foot-plus financial user,” he said. “This is a very bespoke and boutique building.” He predicted that SL Green may land one or two more tenants in the 150,000 to 250,000-square-foot range, but that most tenants will likely take just one or two floors.
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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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