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  #161  
Old Posted Nov 17, 2007, 8:49 PM
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while they're at it, they should figure out how to merge bases, to create those huge trading floors that are suddenly considered so necessary...
I don't want the merged bases. If they need to create more room, they can drop tower 4, and distribute the space to the other towers. It's a nearly 1,000 ft tower, smack up against tower 3.
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  #162  
Old Posted Nov 21, 2007, 1:14 PM
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http://www.nysun.com/article/66833

Port Authority Races To Avoid Ground Zero Penalties

By GRACE RAUH
November 21, 2007

To avoid penalties of $300,000 a day, the Port Authority of New York and New Jersey is racing to finish work on the east side of the former World Trade Center site by the end of the year. Real estate industry experts are skeptical it will be able to meet the January 1 deadline.

Following the redevelopment agreement struck in April 2006, the Port Authority, which owns the property, is in charge of excavating and building slurry walls along the eastern portion of the site to prepare it for the construction of three large office towers being developed by Silverstein Properties. If the Port Authority does not finish the work by the end of the year, it will have to pay $300,000 each day to Silverstein Properties, which leased the World Trade Center site six weeks before it collapsed.

Construction workers for the Port Authority are now working 10-hour shifts to prepare the site, with two shifts of workers Monday through Saturday. Some additional work also is taking place on Sundays, but not at the same level as the rest of the week, a spokesman for the Port Authority, Steven Coleman, said

The president of the Real Estate Board of New York, Steven Spinola, said the Port Authority is working "extremely hard."

"There is a shot they will make the deadline," he said in a recent interview.

Another downtown development official said it is "unlikely" the Port Authority, a bi-state agency controlled by appointees of the governors of New York and New Jersey, would prepare the site before deadline.

Mr. Coleman wrote in an e-mail message that the Port Authority's "plan remains to deliver the site on December 31."

The developer, Larry Silverstein, yesterday announced that his company had hired the Yonkers Contracting Company to build the foundations for the two office towers, a move that could put more pressure on the Port Authority. In a news release, Silverstein Properties said it expects to begin work on January 2, and a spokesman for the company said the company had received no indication that the work would be delayed.

The first of the two office buildings to be built along Church Street, known as Tower 2, is designed by architect Fumihiko Maki, and the city has a tentative deal to lease 600,000 square feet of office space from the developer. The second tower to be built, known as Tower 3, is designed by Lord Richard Rogers and is slated to rise about 1,050 feet and contain about 2 million square feet of office space. Both are scheduled for completion in 2011.

The World Trade Center project director for the Silverstein Properties, Janno Lieber, said in a statement that the company would keep to a tight schedule as it begins construction.

"As we have seen from the market, New York's economy urgently needs new first-class office space in order to retain jobs and maintain a competitive edge in the global economy," he said.

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Obviously some errors in there

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http://www.globest.com/news/1040_104.../166156-1.html

WTC Work Moves Forward With Foundation Contracts



By Melissa Kress
November 20, 2007

NEW YORK CITY-Work on World Trade Center Towers 3 and 4 has taken a step forward now Silverstein Properties has awarded Yonkers Contracting Co. of New York the contracts to build the foundation for the two buildings. World Trade Center 3 will rise at 175 Greenwich St. and World Trade Center 4 will rise at 150 Greenwich St.

The Yonkers Contracting Co. contracts are the first awarded for the $7-billion, five-year construction project that will consist of three new towers rising on the eastern portion of the 16-acre World Trade Center site. The foundation awards for the two towers total $40 million.

The foundation work is slated to begin Jan. 2. According to Silverstein Properties, the initial work will take place 85 feet below Church Street and involve about 50 construction workers. Individual tower footings will be excavated a further 10 feet to 12 feet and
the foundation work will enable the towers’ superstructure to begin around six months later, the development company adds.


The start of the work will come just days after the Port Authority of New York and New Jersey turns over the sites for the two towers to Silverstein, as outlined in a November 2006 agreement. World Trade Center Towers 3 and 4 are expected to be ready for occupancy in 2012.

“These contracts are the first part of the actual construction of 150 and 175 Greenwich,” World Trade Center developer Larry Silverstein says in statement. “It’s the beginning of the vibrant new business district that we are creating Downtown.”

Yonkers Contracting is no stranger to the World Trade Center site. The PA of NY/NJ hired the company to help restore PATH services to the area after the Sept. 11 attacks. Other area projects Yonkers Contracting has worked on include Grand Central Terminal, Penn Station and emergency repair work on the Brooklyn Bridge.

“Yonkers Contracting Co. responded to the World Trade Center disaster with site remediation services and is proud to have led the joint venture that re-opened the PATH tunnels and temporary station ahead of schedule,” Yonkers Contracting CEO Carl Petrillo says in a statement. “We are privileged to be back at the World Trade Center site, pleased to be participating in its redevelopment, and look forward to starting work in the New Year.”

The contracts come two months after the final designs for the towers were revealed, as GlobeSt.com previously reported. Rogers Stirk Harbour + Partners designed 175 Greenwich, a 71-story tower set to rise 1,147 feet above street level on a site bounded by Greenwich, Church, Dey and Cortlandt streets. The building will contain 193,000 sf of retail, 54 office floors with 2.1 million sf and five trading floors. Maki Associates is the design firm behind 150 Greenwich, a 64-story tower set to rise 975 feet on a site bounded by Greenwich, Church, Cortlandt and Liberty streets. It will contain 56 office floors with 1.8 million sf, and five floors of retail. The Port Authority of New York and New Jersey inked a deal to take a third of the office space for its new headquarters.
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  #163  
Old Posted Nov 21, 2007, 2:57 PM
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Silverstein must be savoring the fact that, for once, it's the PA looking to pay money to him, if it doesn't stay on schedule...
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  #164  
Old Posted Nov 22, 2007, 1:17 AM
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As much as I'm glad the government will start paying for their delays on the project, I still wish they'd finish so we can start to see these buildings rise.
     
     
  #165  
Old Posted Nov 23, 2007, 12:02 AM
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As much as I'm glad the government will start paying for their delays on the project, I still wish they'd finish so we can start to see these buildings rise.
They'll finish. That's just speculation on the part of others. They may actually finish before Christmas, in fact. Silerstein won't start work on New Years day, but the day after.
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  #166  
Old Posted Nov 23, 2007, 10:57 PM
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http://www.nyobserver.com/2007/spitz...rrill-downtown

Spitzer Goes to Bat for Silverstein, Vies to Keep Merrill Downtown



by Eliot Brown
November 20, 2007

With its lease at Brookfield Properties’ World Financial Center set to expire in 2013, Merrill Lynch is eyeing a move of its headquarters to one of three locations in Manhattan.

But as Merrill weighs its options, Governor Eliot Spitzer has stepped in to coordinate a bid by developer Larry Silverstein and the Port Authority to have the bank move to Mr. Silverstein’s planned Tower 3 at the World Trade Center site. The governor’s maneuvers have dropped hundreds of millions from the cost to Merrill of moving its headquarters there.

Just four weeks ago, Merrill’s location decision seemed to be a foregone conclusion, people involved in the discussions say, with company executives set to recommend to their governing board that the firm move to the site of the Hotel Pennsylvania in midtown, owned by Steven Roth’s Vornado Realty Trust.

But since, the landscape has changed markedly.

Just as the board meeting was approaching, Governor Spitzer brought forward a proposal for Merrill to go into World Trade Center Tower 3; it was hundreds of millions less than what Mr. Silverstein and the Port Authority initially proposed, people in the discussions say. The substantial price cut came as a result of Governor Spitzer injecting himself into the process to mediate an impasse between Lower Manhattan’s perennially bickering couple: Mr. Silverstein and the Port Authority of New York and New Jersey, owner of the World Trade Center site.

At the same time, Merrill announced it faced $7.9 billion in write-downs, postponing the headquarters decision as CEO Stanley O’Neal departed. Many involved in the discussions say they believe Mr. O’Neal had a very strong hand in the firm’s location decision.

Messrs. Roth and Silverstein as well as Brookfield CEO Ric Clark have patiently sat around, waiting on Merrill. In a conference call with investors late last month, Mr. Clark described the state of talks as suspended, a state that people involved in the discussions say has mostly continued.

“If we were having this call two weeks ago, we probably would have reported that it was very highly unlikely that Merrill would remain at the World Financial Center,” Mr. Clark said. “Today, under the circumstances—well, I guess the best way to put it is to say that we have no clue.”

For months, the Bloomberg and Spitzer administrations, perhaps daunted by the specter of Merrill’s 2.5 million square feet becoming available at the same time as the World Trade Center towers open just across the street, have been urging Merrill to choose either Brookfield or Silverstein Properties.

However, Governor Spitzer felt a need to put his stamp on the Silverstein bid, motivated by the fat in the original bid by the Port Authority and Mr. Silverstein, including infrastructure costs and other expenses, according to one person involved in discussions.

“The governor made sure there was a single unified joint proposal,” said Avi Schick, the Spitzer-appointed chairman of the Lower Manhattan Development Corporation. “We think it’s a fair offer downtown, it’s an attractive offer; it’s more than competitive.”

In the past few days, State Assembly Speaker Sheldon Silver has met with new Merrill CEO John Thain about keeping the bank downtown, according to Mr. Silver’s spokesman.

The cost to Merrill for the Hotel Pennsylvania site could be as much as $4 billion, people familiar with the plans say; the downtown bids are about $1 billion cheaper.

While Mr. Thain surveys the situation, the bank does not have that much time to dawdle, as a move to a soaring tower at the Hotel Pennsylvania would require years to approve and then build. The skyscraper, built on the half-block hotel site, would be about three million square feet, according to people involved in discussions.

In a brief interview with The Observer on Sunday, Mr. Roth, the Vornado CEO, said the building would be built solely atop the Hotel Pennsylvania, not invading the neighboring Manhattan Mall,
which Vornado also owns. Mr. Roth confirmed the tower would be independent of the redevelopment of Pennsylvania Station, meaning Vornado would not seek a transfer of the needed air rights from Madison Square Garden but would rather need to gain approval through the city’s public review process.
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  #167  
Old Posted Nov 27, 2007, 3:44 PM
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NOVEMBER 25, 2007

In just over a month, the mighty Towers 3, and 4 will rise, summoned from
the pit known as ground zero...



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  #168  
Old Posted Nov 27, 2007, 4:31 PM
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Is that steam or smoke?
PANYNJ has a hell of a job going on there if they don't want to pay delay bills for Silverstein...
     
     
  #169  
Old Posted Nov 27, 2007, 6:12 PM
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Is that steam or smoke?
PANYNJ has a hell of a job going on there if they don't want to pay delay bills for Silverstein...
That's steam. You'll see little orange and white smoke stacks on the streets of Manhattan with steam puffing out. Don't ask me why.
     
     
  #170  
Old Posted Nov 27, 2007, 10:43 PM
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Is that steam or smoke?
PANYNJ has a hell of a job going on there if they don't want to pay delay bills for Silverstein...
That's steam. You haven't been on a New York block until you've walked through or around that steam. It's part of the local scenery.

As far as the PA goes, I believe they'll finish before Christmas. They have until sometime this summer to finish the norhern end of the pit, site of Tower 2.
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  #171  
Old Posted Dec 6, 2007, 8:01 AM
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  #172  
Old Posted Dec 8, 2007, 1:12 PM
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A lot of the final design on this one depends whether or not Merrill Lynch decides to move
here, which is more likely now than it was a month ago. Either way, this tower can stand
with the best of them...







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  #173  
Old Posted Dec 21, 2007, 11:22 PM
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A week from Wednesday (Jan 2) we will bid farewell to this thread as it joins its brother and moves into the supertall forum. A sad, but joyous time for all...
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  #174  
Old Posted Dec 22, 2007, 12:56 PM
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Photo by hum drum

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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.
     
     
  #175  
Old Posted Dec 22, 2007, 3:20 PM
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Originally Posted by NYguy View Post

In just over a month, the mighty Towers 3, and 4 will rise, summoned from
the pit known as ground zero...
You're a Poet and
Don't Even Know It,
NYguy!

It will be nice to be able to take friends and family to the erswhile Ground Zero and no longer have to make excuses for the fact that damned pit is still there, nearly a decade later...
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  #176  
Old Posted Dec 22, 2007, 10:22 PM
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Originally Posted by CoolCzech View Post
You're a Poet and
Don't Even Know It,
NYguy!

It will be nice to be able to take friends and family to the erswhile Ground Zero and no longer have to make excuses for the fact that damned pit is still there, nearly a decade later...
Oh, I'll be getting a poem ready for this one... It's hard to say what's more exciting for 2008 - the fact that the Freedom Tower will start rising above ground, or the fact that three more WTC towers will be underway.
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  #177  
Old Posted Dec 25, 2007, 5:20 AM
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That's steam. You'll see little orange and white smoke stacks on the streets of Manhattan with steam puffing out. Don't ask me why.
Off topic, but if your interested in steam and manhattan...here's a link to some resources:

http://en.wikipedia.org/wiki/New_York_City_steam_system

Several of the larger northeastern cities in the US have steam delivery system in place.
     
     
  #178  
Old Posted Dec 25, 2007, 7:50 PM
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A lot of the final design on this one depends whether or not Merrill Lynch decides to move
here, which is more likely now than it was a month ago. Either way, this tower can stand
with the best of them...

Someone mentioned this came from a video on wtc.com, but I cannot find it for the life of me! What is the name of the video?
     
     
  #179  
Old Posted Dec 26, 2007, 1:34 PM
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As we look toward the new year, this is one of the most anticipated developments that will get underway in 2008. And Silverstein will waste no time, with a scheduled Jan 2 starting date...
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  #180  
Old Posted Dec 26, 2007, 1:36 PM
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Someone mentioned this came from a video on wtc.com, but I cannot find it for the life of me! What is the name of the video?
It's at the very end...
Tower 3 Design Update
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