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  #21  
Old Posted Mar 3, 2011, 11:47 AM
RobertWalpole RobertWalpole is offline
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How many sf is 50 West?
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  #22  
Old Posted Mar 3, 2011, 12:06 PM
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50 West is 540,000 sf,123 Washington is 440,000 sf.
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  #23  
Old Posted Mar 3, 2011, 12:13 PM
RobertWalpole RobertWalpole is offline
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Thanks -- so they're both slightly larger than this project.
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  #24  
Old Posted Mar 3, 2011, 4:55 PM
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Smile

YES, I hope for a 850 feet tower.
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  #25  
Old Posted Mar 3, 2011, 5:25 PM
RobertWalpole RobertWalpole is offline
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The new hotel that will rise on Broadway and 51st will be 301,682 and 761 feet high.
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  #26  
Old Posted Mar 3, 2011, 5:29 PM
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Quote:
Originally Posted by RobertWalpole View Post
Thanks -- so they're both slightly larger than this project.
There's also the 111 Washington St development (forgot the exact numbers) that's of similar size around the block.









Still waiting for 50 West Street...




So far, we're 2 for 5 in Downtown residentials of 500 ft or more, with more on the way (including 56 Leonard)...

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  #27  
Old Posted Mar 3, 2011, 7:39 PM
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Wait not being rude or anything, but why are there so many residential skyscrapers. A lot of people won't be able to afford them, and the economy sucks. They won't be making a lot of money.
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  #28  
Old Posted Mar 3, 2011, 8:01 PM
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Well the one pictured all the way on the right is a hotel, so that just leaves the four pictures plus this new one which is still a lot but the demand for high end condos, well into 7 figures, is very very high right now, Wall St's booming, corporate profits are at or near all-time highs, and the weak dollar makes buying a place here for a foreigner even more attractive.

15 Central Park West sold units for $6K a square ft, granted that's right on CP with unobscured views, but these will have really beautiful views too, just of a different kind. Then there really isn't a whole lot of new very high end residential skyscrapers under construction outside of C57 and Beekman, and Beekman's a rental. There's definitely demand for these to be built, from my understanding it's that pesky first $1B or so to actually get it built that's holding these up, not necessarily the potential lack of sales.
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  #29  
Old Posted Mar 3, 2011, 9:00 PM
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50 West is beautiful. NY needs more of this style.
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  #30  
Old Posted Mar 3, 2011, 9:16 PM
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If all the projects hold together, there certainly will be a lot of new construction south of the WTC.

From left to right: 22 Thames/123 Greenwich, 123 Washington, 111 Washington, 50 Trinity Place, 99 Washington, 50 West.

Note: Don't panic about the top of 50 West, I just haven't bothered to finish it.
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  #31  
Old Posted Mar 3, 2011, 9:44 PM
RobertWalpole RobertWalpole is offline
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It's a matter of time before the brown building north of 50 West is redeveloped. It's a market-rate rental and therefore, will be easy to empty.
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  #32  
Old Posted Mar 3, 2011, 9:46 PM
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Lower manhattan is becoming primarily residential... should make the area much more interesting to visit as more of the old streets become lively again. Also, don't forget about the future plans for greenwhich street south.
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  #33  
Old Posted Mar 3, 2011, 9:52 PM
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That side of Downtown, I would to see more tall buildings to fill out the skyline.
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  #34  
Old Posted Mar 4, 2011, 4:13 AM
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Quote:
Originally Posted by Roadcruiser1 View Post
Wait not being rude or anything, but why are there so many residential skyscrapers. A lot of people won't be able to afford them, and the economy sucks. They won't be making a lot of money.
The thing is, a lot of people will be able to afford them (it is New York) and the reason many of them haven't been built yet is because of the economy. If they're being built, you can bet its for good reason.



Quote:
Originally Posted by scalziand View Post


Note: Don't panic about the top of 50 West, I just haven't bothered to finish it.
Nice visual.
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  #35  
Old Posted Mar 5, 2011, 4:16 AM
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Quote:
Originally Posted by Roadcruiser1 View Post
Wait not being rude or anything, but why are there so many residential skyscrapers. A lot of people won't be able to afford them, and the economy sucks. They won't be making a lot of money.
It'll most likely be luxury residential, a market that's really booming right now.
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  #36  
Old Posted Mar 5, 2011, 9:56 PM
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Originally Posted by scalziand View Post
If all the projects hold together, there certainly will be a lot of new construction south of the WTC.

From left to right: 22 Thames/123 Greenwich, 123 Washington, 111 Washington, 50 Trinity Place, 99 Washington, 50 West.

Note: Don't panic about the top of 50 West, I just haven't bothered to finish it.
District of skinny towers
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  #37  
Old Posted Mar 5, 2011, 11:33 PM
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I guess it's to each their own, but I for one think a district of thin, elegant towers will be absolutely breathtaking. Better than a district of fat, blocky towers for sure, in my opinion.
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  #38  
Old Posted Mar 6, 2011, 2:34 AM
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Those skinny towers also tend to soar more into the sky the way I think skyscrapers should.
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  #39  
Old Posted Mar 6, 2011, 3:41 AM
RobertWalpole RobertWalpole is offline
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Quote:
Originally Posted by scalziand View Post
I'm a bit confused as to which building is which on this block. I'd like to know if this diagram is correct.


Curb Exchange
22 Thames/123 Greenwich 10 stories
Amex- 78-86 Trinity 14 story annex on the north end which the nypost article referred to as the Curb Exchange.

To top off the confusion, there's reference to Liberty street addresses. Liberty street runs 2 blocks north of the site. I'm assuming this is an error.
The green building on the southwest corner of Trinity and Thames and the building on the northwest corner of Trinity and Thames houses two high schools. They will both be developed in time, but the NY Dep't of Ed. has leases that run through around 2022. See below:

http://www.observer.com/node/36909


SL Green Dreams Grand Central With $76 Million Madison Ave. Buy
By John Koblin
March 11, 2007 | 8:00 p.m


THE MEGA-DEVELOPER SL GREEN CAN NOW BUILD a 900,000-square-foot tower at the foot of Grand Central Terminal.

This comes after SL Green purchased two small buildings, one at 331 Madison Avenue and the other at 48 East 43rd Street, for $76 million. SL Green owns a neighboring building on the block, at 317 Madison Avenue.

The Cushman & Wakefield investment-sales dream team, Richard Baxter, Scott Latham, Ron Cohen and Jon Caplan, brokered the deal.

Isaac Zion, a managing director at SL Green, also worked on the deal. He said SL Green will push rents and attract better tenants for the new buildings.

Mr. Zion said SL Green is seriously considering the possibility of building one big tower at one of the most lucrative addresses in the city.

“Given its location,” he told The Observer, “I think it plays out well as an office building to take in a different direction.”

If SL Green decides to build the tower, it would be between 42nd and 43rd streets, on Madison Avenue and a part of Vanderbilt Avenue.

As the properties now stand, 331 Madison Avenue is a 14-story, 92,000-square-foot building, and 48 East 43rd Street is a seven-story, 22,850-square-foot loft building.

The two buildings were sold by U.S. Trust on behalf of a group of investors, a source close to the deal said.

THE DEVELOPER JOSEPH CHETRIT HAS PURCHASED for $64 million a pair of New York University buildings that are within a stone’s throw of the World Trade Center redevelopment site.

The buildings, at 90 and 100 Trinity Place, are the former home of N.Y.U.’s Stern School of Business and the current home of two city high schools. The sale was recorded in city records.

The deal looks like a long-term investment for Mr. Chetrit. When N.Y.U. put the buildings on the block, it did so with the condition that the new owner extend and honor the lease of the two city schools, a spokeswoman for the university said.

The two schools, the High School of Economics and Finance and the High School for Leadership and Public Service, signed a 15-year lease in January, a spokeswoman for the city’s Department of Education said.

Mr. Chetrit would not comment for this story, but he’s likely banking on the potential value of an asset that will soon be among a sea of new glass buildings dotting the lower Manhattan skyline. Even if he doesn’t have leasing control until 2022, he’s taking the gamble.

The buy is also a sudden reversal for Mr. Chetrit, who has been recently selling and marketing part of his portfolio. As The Observer earlier reported, he sold the Daily News building at 450 West 33rd Street to Broadway Partners, and has assigned Eastdil’s Doug Harmon to market the Toy Building on Fifth Avenue.
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  #40  
Old Posted Mar 17, 2011, 12:50 AM
RobertWalpole RobertWalpole is offline
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I walked by here today. It's a shame that the lame grey building just north of the AMEX won't be razed. If the developers had acquired this, they could have temporarily relocated the school and built a much larger tower.

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