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  #281  
Old Posted Dec 13, 2008, 2:31 AM
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Originally Posted by NYguy View Post
Another miss for Brookfield...
How is this a "miss"? Wouldn't an anchor tenant (even if it could be a small one) be good for the development?

Either way, it's great to see that these towers are getting closer and closer to a confirmed construction.
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  #282  
Old Posted Dec 13, 2008, 12:30 PM
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Originally Posted by Duffstuff129 View Post
How is this a "miss"? Wouldn't an anchor tenant (even if it could be a small one) be good for the development?
Any tenant would be good of course, but Brookfield didn't land one, hence the "miss"...
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  #283  
Old Posted Dec 28, 2008, 9:34 PM
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http://rew-online.com/news/story.aspx?id=534

Zuccotti wants to see spending on Moynihan not Second Avenue
Project will "open the West Side"


Daniel Geiger
12/11/2008


After identifying his admiration and support for Mayor Michael Bloomberg at a REBNY luncheon yesterday, John Zuccotti, the chairman of Brookfield Properties, who was speaking at the luncheon, said that he didn’t agree with the mayor’s proposal to raise property taxes.

Zuccotti said that it “would be foolish to be opposed to any tax increase” in principle but that such a raise should only be done as a last resort. Earlier this month Mayor Bloomberg proposed raising property taxes by 7% to deal with the city’s worsening financial situation, what some fiscal experts say will be necessary because the city has already cut spending significantly.

Zuccotti said that his reluctance to raise taxes included the MTA’s recent proposal to create a “mobility tax” charged to businesses that operate within the zones where the authority provides public transportation. He indicated that the MTA should restructure its labor contracts to cut costs before it imposed such a tax, something that the MTA has been reluctant to do in the past because it is such a hot-button issue politically.

Zuccotti also questioned the transit agency’s choice of mega-projects stating that he didn’t support the construction of the Second Avenue Subway.

“What’s over there?” Zuccotti asked rhetorically in a conversation with rew-online.com after the luncheon.

He worried that money that the city may receive from a proposed infrastructure stimulus package that has been supported by President elect Barack Obama could be directed to projects like the Second Avenue Subway when, he said, the funds could be better spent financing the stalled Moynihan Station project.

“We shouldn’t have public works that have no value added such as Second Avenue,” Zuccotti said. “Moynihan is ready to go.”


Zuccotti said that renovating Penn Station and building Moynihan, a westward extension of Penn, along with constructing an extension of the No. 7 subway line, a project that is now underway but may require more funds if there are budget overruns, will “open the West Side.”

“It sends a signal,” Zuccotti said. “The West Side will give people a chance in this room to go out and building things again.”

Brookfield Properties would be among them. The REIT has a development parcel west of the Farley Building along Ninth Avenue that it wants to transform into a twin towered commercial and retail complex. Lately those plans have stalled due to the severe problems in the credit markets and the economy.
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  #284  
Old Posted Jan 2, 2009, 7:13 PM
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The man is a fool if he thinks Second Ave subway is not important. Has he not seen the congestion on the East Side's only subway line? During rush hour it is undeniably the busiest line in the city, with crowding reaching downright dangerous levels. That line can give Tokyo's mass transit crowding a run for its money any day. I'd go out on a limb and say that Second Ave Subway is more important than Moynihan, which holds a close second place.
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  #285  
Old Posted Jan 2, 2009, 8:13 PM
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Zuccotti is a tool.

The 4,5,6 trains are the busiest at any time of day on any day. Add in the fact that they are narrow IRT trains and we are talking majour conjestion. The East side is already developed and its transit is over capacity. The West Side is (today) the frontier compared to the UES, and has more transit options. So Zuccotti would rather build subways that lead to nowhere that someday will be developed instead of invest in a subway for a neighbourhood that has been developed for a century and needs improved transit now. And so he goes to Bloomberg to complain, and says he wants to see more work done on the West Side, but doesn't want to see taxes raised to pay for it. This is corporate greed at its worst.

The irony, of course, is that a rich development magnate like Zuccotti probably lives in a penthouse on the UES.
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  #286  
Old Posted Jan 3, 2009, 1:57 AM
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Quote:
Originally Posted by Lecom View Post
The man is a fool if he thinks Second Ave subway is not important. Has he not seen the congestion on the East Side's only subway line? During rush hour it is undeniably the busiest line in the city, with crowding reaching downright dangerous levels. That line can give Tokyo's mass transit crowding a run for its money any day. I'd go out on a limb and say that Second Ave Subway is more important than Moynihan, which holds a close second place.
Well, if Moynihan didn't already exists (Penn Station) it would take a priority. But there's a reason the MTA is pressing forward with the Second Avenue line - its decades overdue. This is a line that was supposed to have been completed already. Remember, the east side had multiple lines before.

Ironically, the MTA had no interests in the 7 line extension (which the city is building) because of the "nothing is there" argument. The city rightly believes that the extension will help spur development in the area. But Zuccotti is just stating his position. Massive funds are coming, not only for the Moynihan project, but for its sister development - the ARC project. These are the two transit developments that will change Midtown (along with the 7 extension). The subways will also receive funding for more construction and improvements, so there really is no need to pit one against the other, as some developers and politicians want to do.
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  #287  
Old Posted Feb 4, 2009, 12:34 PM
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Quote:
http://www.nytimes.com/2008/04/14/ny...pagewanted=all

By CHARLES V. BAGLI
April 14, 2008

At Ninth Avenue between 31st and 33rd Streets, Brookfield Properties also plans to start work in June on a $600 million platform for two large office towers. The developer is talking to Condé Nast Publications about being the anchor tenant, although the project could be delayed if nothing happens with the Moynihan project.

The Hotel Penn site could prove to be the likelier site, but a small spark of hope on the development front either way...

http://www.observer.com/2009/media/c...seeks-new-nest
Condé Nast Seeks New Nest



by John Koblin
February 3, 2009

Despite the fact that Condé Nast is going through a period of unprecedented hardship, and despite the fact there could be more bad news coming down the pike—“Hold on to your seat this week,” said one source about potential news later this week regarding the fate of some of Condé’s B titles—the company hasn’t quit looking for a new home.

Condé Nast has been in the Death Star—oops! 4 Times Square—for only a decade now, but for the last year Si Newhouse has been itching to find a way to put all of his magazines under one big shiny roof.

In the fall of 2007, he signed up with developer Douglas Durst to build a new tower over the West Side railyards—the same man who built his home for him in Times Square—but once the M.T.A. chose Related Properties to build on the far West Side, that deal was dead in the water.

Then we heard in March 2008 from Condé Nast’s COO John Bellando that other options were being considered, but shortly afterward it became very quiet on the real estate front.

And despite the fact Mr. Newhouse folded Domino last week, and has mandated a uniform budget cut throughout the company, he is still very much looking for a new skyscraper.

“We have started having some conversations/discussions with people,” said spokeswoman Maurie Perl in an email.

And what people?

In the last month, Condé Nast has met with Stephen Ross’ Related Properties, according to a well-placed source. Brookfield Properties, another real-estate developer, had reportedly been talking to Condé Nast as late as September. Have they had a meeting more recently as well?

“No comment,” said Brookfield’s spokeswoman.


And apparently Douglas Durst hasn’t entirely given up the fight to try to convince Mr. Newhouse that 4 Times Square should be his home for the future.

“I can’t discuss discussions that are under discussion,” said Mr. Durst, through his spokesman.

Discuss!

“I wouldn’t use the word ‘negotiations,’” said Ms. Perl, the Condé Nast spokeswoman. “I think that would be too strong a characterization.”
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  #288  
Old Posted Feb 8, 2009, 9:34 PM
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I hope that what I just read was a good thing. It seems like they still might be built even in this economy. Or maybe I missed something. These towers are for some indecipherable reason my favorite things ever.
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  #289  
Old Posted Feb 9, 2009, 11:39 PM
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Quote from globest.com
http://www.globest.com/news/1342_134.../176759-1.html

Feb 5, 2009

During the conference call, when asked about Brookfield’s Manhattan West Project and how its cost had gone from $207 million to $269 million in the last 12 months, Clark and Davis said that they continue to be comfortable with the value associated with the asset. "The increase in value was primarily for low grade infrastructure investment," they said, calling it money well spent.

"To borrow an Obama term, the project is now shovel ready," Clark said. To be built at Ninth Avenue and 33rd Street, Manhattan West would include a $630-million platform over Long Island Rail Road and New Jersey Transit tracks, with a pair of office towers built on top.
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  #290  
Old Posted Feb 10, 2009, 3:21 AM
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"To borrow an Obama term, the project is now shovel ready," Clark said.

Oh, so construction won't kick in for at least another two to four years, huh?
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  #291  
Old Posted Feb 10, 2009, 5:06 AM
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Wait.... how can the platform cost $630 million? That's absurd, especially if the total cost is $269 million.
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  #292  
Old Posted Feb 10, 2009, 12:59 PM
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that's absurd, especially if the total cost is $269 million.
I think you're confusing it (the $260 m) with the costs of building the complex itself. I believe it should be read as the total investment to date.


Quote:
Originally Posted by CoolCzech
"To borrow an Obama term, the project is now shovel ready," Clark said.

Oh, so construction won't kick in for at least another two to four years, huh?
All things considered, starting in a couple of years would be great.
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  #293  
Old Posted Mar 30, 2009, 3:32 AM
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The website Brookfield Props. had for this developement (link is on their website) is "under construction".

This either means something good will be happening soon or the whole thing is majorly f*cked.

I'm hoping it's the first one. *crosses fingers*
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  #294  
Old Posted Mar 30, 2009, 11:56 AM
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Originally Posted by Duffstuff129 View Post
The website Brookfield Props. had for this developement (link is on their website) is "under construction".

This either means something good will be happening soon or the whole thing is majorly f*cked.

I'm hoping it's the first one. *crosses fingers*
Nothing is going to happen with this anytime soon. For one thing, the rents in Midtown have to start going up again before Brookfield can get the type of lease they would like for construction to begin.
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  #295  
Old Posted Apr 3, 2009, 5:44 AM
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Even though nothing is happening on this for a while, this screenshot from a presentation gives an idea of scale in relation to the Empire State and other surrounding developments. Located midway between the ESB and Manhattan West (and not seen on the model) would be the Hotel Penn and Penn Station related towers...










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Images from
http://www.feedtank.com/index.php?st...eld-properties

The presentations were installed in a showroom for their Manhattan West development project, a plan to build two 60+ story buildings one block west of Penn Station in NYC.

Working with Union's design team, Feedtank built three presentations: a two screen sales tool, a touchscreen interface that lit up physical objects in an architectural model, and a welcome screen. Feedtank also advised on a technical solution for a five screen video wall installed in the suite.

The largest of the presentations, the sales tool, was divided into two sections: a portfolio of Brookfield's existing properties, and a presentation of their Manhattan West project. The portfolio consisted of photos, floor plans, build outs, maps, and statistics for each building. The Manhattan West section consisted of panning panoramic views, flying floor plans, animated subway lines, and 3D rendered videos. Feedtank also created a one screen version of the tool, so it could be used outside the suite, on any system.

The touchscreen presentation with its corresponding physical model. Buttons in the presentation turn on lights in the model. The two screen multimedia presentation in the lounge area of the sales suite. The presentation is driven by wireless mouse. The two screen multimedia presentation in the conference room of the sales suite. A view of both the touchscreen and two screen presentations as well as the architectural model. A detail of a subway line lit up in the physical model. This light is controlled by a button in our touchscreen interface. Testing the touchscreen interface and its communication with the physical model. In 2008, Feedtank worked with Union Design to create a number of interactive multimedia presentations for Brookfield Properties .
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  #296  
Old Posted Apr 20, 2009, 10:27 PM
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Stalled update from NY Magazine...
http://nymag.com/news/articles/09/04...gs/index9.html



ANNOUNCED: February 2008
PLAN: Two 60-plus-story office towers totaling 5.4 million square feet.

STATUS: Construction was reportedly scheduled to begin last June, with Condé Nast as a possible anchor tenant. But lease commitments have not been finalized and construction never began. “All of our developments are on hold right now pending tenant and financing commitments,” says Brookfield’s Matthew Cherry.
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  #297  
Old Posted May 8, 2009, 5:01 AM
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Originally Posted by Antares41 View Post
Yes, the towers will make an impact, but, to be honest, I find them (as currently depicted) rather boring.

A location of this prominence cries out for something spectacular.
Couldnt agree more. The rail yards is one of the few remaining large undeveloped properties in manhatten. they should build fewer towers, and instead build them higher. This can be the start of a whole new chapter of the west side, build grand, build iconic!
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  #298  
Old Posted Jun 3, 2009, 3:04 AM
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Who here has an account for Google Sketchup. I made a model for Manhattan West. Just write it in. By the way the all the west side buildings make the ESB look like a baby.
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  #299  
Old Posted Jun 5, 2009, 11:40 PM
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Who here has an account for Google Sketchup. I made a model for Manhattan West. Just write it in. By the way the all the west side buildings make the ESB look like a baby.
some people dont want to build buildings taller than ESB b/c they want to keep it a symbol of NY
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  #300  
Old Posted Jun 6, 2009, 8:48 PM
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Originally Posted by americanskyscraper22 View Post
some people dont want to build buildings taller than ESB b/c they want to keep it a symbol of NY
At this point it doesn't matter. NYC has to catch up to Honk Kong and definitely Dubai.
And become the skyscraper capital of the world once again.

Last edited by NYguy; Jun 6, 2009 at 9:41 PM.
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