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  #1781  
Old Posted Aug 10, 2017, 12:30 AM
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It has nothing to do with rates:

Quote:
The bank, which declined to comment for this story, has ruled out a move to downtown Manhattan, the second source said.

There will always be companies that prefer Midtown.
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  #1782  
Old Posted Aug 10, 2017, 6:56 PM
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As of today there has been another core jump.
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  #1783  
Old Posted Aug 14, 2017, 1:06 PM
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Quote:
Originally Posted by NYguy View Post
It has nothing to do with rates:




There will always be companies that prefer Midtown.
Unfortunately... smh
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  #1784  
Old Posted Aug 14, 2017, 4:08 PM
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And this one has basically filled up...


https://therealdeal.com/2017/08/14/e...s-move-report/

EY moving forward with Hudson Yards move: report
Times Square is facing major vacancies as big tenants jump ship






August 14, 2017


Quote:
Accounting firm EY, formerly known as Ernst & Young, is moving forward with a deal to lease as much as 1 million square feet at Brookfield Property Partners’ 1 Manhattan West.

The Big Four accounting firm plans to leave behind its 1-million-square-foot office at RXR Realty and David Werner’s 5 Times Square, Crain’s reported. The Real Deal reported in May that the firm was a mulling a move to take office space at both 1 Manhattan West and the Rockefeller Group’s 1271 Sixth Avenue. It appears the accounting company has instead opted to keep it simple by only moving into Brookfield’s new tower.

EY is among a few tenants who are ditching Times Square for Hudson Yards. Morgan Stanley is also considering moving to the Bjarke Ingels-designed office tower, the Spiral at 509 West 34th Street. The bank, which owns and occupies 1585 Broadway and 522 Fifth Avenue, has also shown interest in 50 Hudson Yards.
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  #1785  
Old Posted Aug 14, 2017, 6:19 PM
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IS E&Y going into Tower 2? I don't think Tower 1 has enough space left.

Certainly not 1 million ft., unless another tenant is being displaced.
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  #1786  
Old Posted Aug 15, 2017, 1:28 AM
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The article mentioned that one of the reasons TS office market is on the downward spiral is because of the costumed street performers and throngs of tourists impacting office workers. I wonder if those buildings are going to be converted to hotels down the road if TS becomes unpopular with business. It would make sense that they wouldn't like TS, but I think that wouldn't bode well for the district.
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  #1787  
Old Posted Aug 15, 2017, 3:28 AM
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Originally Posted by aquablue View Post
The article mentioned that one of the reasons TS office market is on the downward spiral is because of the costumed street performers and throngs of tourists impacting office workers. I wonder if those buildings are going to be converted to hotels down the road if TS becomes unpopular with business. It would make sense that they wouldn't like TS, but I think that wouldn't bode well for the district.
I'd be petitioning the city to ban those fucking awful "performers".
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  #1788  
Old Posted Aug 15, 2017, 4:22 AM
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Quote:
Originally Posted by aquablue View Post
The article mentioned that one of the reasons TS office market is on the downward spiral is because of the costumed street performers and throngs of tourists impacting office workers. I wonder if those buildings are going to be converted to hotels down the road if TS becomes unpopular with business. It would make sense that they wouldn't like TS, but I think that wouldn't bode well for the district.

A few companies that are able and willing will relocate from Times Square, leaving behind space that will be filled by others. The amount of office space being built on the west side, downtown, and midtown east is still just a small portion of the city's office market and leasing activity. Don't worry about space there being filled, whatever the case.

As far as EY is concerned, the move would be to 1 MW, which should pretty much fill the tower. Like Related's HY developments, the spillover should jumpstart the next tower.
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  #1789  
Old Posted Aug 19, 2017, 12:19 AM
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  #1790  
Old Posted Aug 19, 2017, 12:44 AM
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Those look a helluva lot taller than 995 ft in those renders. Look like they have an additional 100 ft on them when compared to 3 Manhattan West, which is 702 ft.
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  #1791  
Old Posted Aug 19, 2017, 12:51 AM
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Quote:
Originally Posted by colemonkee View Post
Those look a helluva lot taller than 995 ft in those renders. Look like they have an additional 100 ft on them when compared to 3 Manhattan West, which is 702 ft.
I think it's just the angle of the rendering. Consider the height of 3MW as compared to the Coach Tower. But its a Moynihan Station render, the details may not be exact.
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  #1792  
Old Posted Aug 19, 2017, 3:04 AM
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Another core jump as of today...that makes 2 jumps in 8 days.
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  #1793  
Old Posted Aug 20, 2017, 12:53 AM
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from today, by me





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hmmm....
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  #1794  
Old Posted Aug 20, 2017, 1:39 AM
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It's starting to get up there.

More from today...


AUGUST 19, 2017






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  #1795  
Old Posted Aug 22, 2017, 2:15 PM
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Still on target...


http://nypost.com/2017/08/21/ernst-y...anhattan-west/

Ernst & Young might relocate to One Manhattan West

By Steve Cuozzo
August 21, 2017


Quote:
Negotiations are actively moving along for a possible relocation by Ernst & Young to Brookfield’s One Manhattan West.

The professional-services giant is in talks for around 400,000 square feet, we’re told — a major commitment although not as large as previously reported.

Ernst & Young is currently at 5 Times Square. Asking rents at One Manhattan West run to $105 a square foot, my colleague Lois Weiss recently reported.

Long known as an accounting powerhouse, the global firm — which has its headquarters in London — would join law firm Skadden Arps, Slate, Meagher & Flom, the National Hockey League and Accenture at the 2.1 million-square foot tower due for completion in 2019, where Brookfield seems to be enjoying the same leasing success that Related Cos. has had at its Hudson Yards towers one block west.
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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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  #1796  
Old Posted Aug 22, 2017, 2:18 PM
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Aren't 2WTC rents only around $80/square foot?
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  #1797  
Old Posted Aug 22, 2017, 2:34 PM
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Originally Posted by jayden View Post
Aren't 2WTC rents only around $80/square foot?
I don't remember what 2 WTC rents were, but I know it's not in Midtown. Big factor.
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  #1798  
Old Posted Aug 23, 2017, 12:57 AM
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AUGUST 22, 2017


Looks like they've begun the cladding, and I had to go back through the older renderings to find the closest thing to what I saw today...






Decided to get photos closer up, but it's kind of hard to see up close...


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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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  #1799  
Old Posted Aug 28, 2017, 3:26 PM
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More cladding going up....


AUGUST 27, 2017


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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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  #1800  
Old Posted Aug 28, 2017, 3:34 PM
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Looks weird. Thin and away from the actual steel structure. Almost looks like scaffolding...
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