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  #2481  
Old Posted Feb 24, 2012, 9:59 PM
Fishman92 Fishman92 is offline
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If he had that many tenants he'd split them between tower 3 and 2.
     
     
  #2482  
Old Posted Feb 24, 2012, 10:39 PM
SoaringSkylines SoaringSkylines is offline
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I have a question:

Why does the construction have to wait and be halted until the building receives tenants?

The building is inevitable and will be built. So why are we having to wait for someone?
     
     
  #2483  
Old Posted Feb 24, 2012, 10:54 PM
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Quote:
Originally Posted by SoaringSkylines View Post
I have a question:

Why does the construction have to wait and be halted until the building receives tenants?

The building is inevitable and will be built. So why are we having to wait for someone?
Because tenants pay rent, and rent is how developers pay back the enormous mortgage on a skyscraper. Most lenders won't agree to a mortgage without pre-leasing of a certain amount of space, especially in this market.

(Sure, it's more complicated than that, but that is the general idea with every development)
     
     
  #2484  
Old Posted Feb 24, 2012, 11:04 PM
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^ Well the x columns are, gone (which in my opinion MADE this building), NOW you want to take away the bracing.
     
     
  #2485  
Old Posted Feb 25, 2012, 5:54 PM
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Who said anything about wanting the remaining bracing elements removed on this page...or the previous one for that matter? I thought the last several posts were focused on scoring tenants (and the potential/attendant problems with not being able to).
A trifle non sequitur of you ask me....but I suppose I'm not being asked.
     
     
  #2486  
Old Posted Feb 26, 2012, 1:37 PM
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Quote:
Originally Posted by SoaringSkylines View Post
I have a question:

Why does the construction have to wait and be halted until the building receives tenants?

The building is inevitable and will be built. So why are we having to wait for someone?
Larry Silverstein doesn't have financing to complete the tower, and will get assistance from the City and the Port Authority if he leases a minimal 400,000 square feet. Of course, if he lands a million square feet or so, he probably won't need their assistance to obtain financing. But 400,000 sf is really not a lot given the amount of space that will be available in the building. If they build with only that amount leased, it will still be a largely speculative building, but a start.
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  #2487  
Old Posted Feb 26, 2012, 4:11 PM
BStyles BStyles is offline
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Originally Posted by Fishman92 View Post
If he had that many tenants he'd split them between tower 3 and 2.
Tenants can't be split between towers. If a tenant wants to lease space in one tower, it's their decision if they would also like to lease space in another tower, not the developer. And even if they needed more square footage, they'll just look for a larger tower.
     
     
  #2488  
Old Posted Feb 29, 2012, 3:38 PM
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  #2489  
Old Posted Feb 29, 2012, 3:54 PM
mac78130 mac78130 is offline
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Silverstein touts NYC commercial market, laughs off rumors of capping 3 WTC

http://therealdeal.com/blog/2012/02/...g-3-wtc-video/
     
     
  #2490  
Old Posted Mar 1, 2012, 12:08 PM
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^ I'm with Silverstein, it'll happen at some point.



smrphotography87

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  #2491  
Old Posted Mar 6, 2012, 3:20 PM
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Never realy noticed this rendeing on the Silverstein Properties website...


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  #2492  
Old Posted Mar 6, 2012, 6:28 PM
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Never realy noticed this rendeing on the Silverstein Properties website...


That is insane.. The 4 towers look really small in the pictures, but as you can see by the base, these things are MASSIVE.

I can't wait till all of this construction is done!
     
     
  #2493  
Old Posted Mar 6, 2012, 8:53 PM
Ed007Toronto Ed007Toronto is offline
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Quite the forest there.
     
     
  #2494  
Old Posted Mar 6, 2012, 11:21 PM
yankeesfan1000 yankeesfan1000 is offline
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That is incredible. Great find, thanks for sharing.
     
     
  #2495  
Old Posted Mar 6, 2012, 11:53 PM
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More optimism...

http://therealdeal.com/issues_articl...estate-chiefs/

Power behind the throne: The lieutenants pulling the strings for NYC’s top real estate chiefs
Janno Lieber, Silverstein Properties (president)





March 01, 2012
By C.J. Hughes


Quote:
...And in order for some key financing to come through, Tower Three needs a big tenant to commit to a 400,000-square-foot chunk of space. Silverstein has publicly threatened to cap the structure at seven stories if it can’t get a tenant.

Lieber pointed out that this possibility was part of the 2010 deal that got the project moving again so it wasn’t a big surprise. Plus, with so many leases now turning over in the city, “we are confident of hitting that mark by 2013,” he said.

This angling for tenants comes as Brookfield, which owns the nearby World Financial Center, is on the hunt for major corporate tenants itself (see below), though Lieber said his buildings are an easier sell. Brookfield’s “buildings are great but they’re a little bit older,” he said. Other comparable projects, like Manhattan West, also from Brookfield, and Hudson Yards, from Related, will be completed long after the World Trade Center is, he added.
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  #2496  
Old Posted Mar 7, 2012, 1:41 AM
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I have a feeling something is going to surface relatively soon - no specific timetable attached to that speculation, however I have the upmost confidence in this. The price per sqft is a bit pricey in comparison to competing developments, however when you factor in how far along this project already is . . .

Something will come into play, and when it does hopefully that momentum / attention will carry over across the street.
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  #2497  
Old Posted Mar 7, 2012, 3:30 PM
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It's utmost, not upmost

Judging by the maturity of those trees, I'm gonna say that rendering is circa 2030/2040? That has quickly become my favorite rendering of the whole site. Thanks for sharing it!

Last edited by Don098; Mar 7, 2012 at 3:44 PM.
     
     
  #2498  
Old Posted Mar 7, 2012, 3:36 PM
SoaringSkylines SoaringSkylines is offline
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"to cap the structure at seven stories if it can’t get a tenant."

OH MY GOD.. What does that mean!!!??
     
     
  #2499  
Old Posted Mar 7, 2012, 8:34 PM
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Quote:
Originally Posted by SoaringSkylines View Post
"to cap the structure at seven stories if it can’t get a tenant."

OH MY GOD.. What does that mean!!!??
Oh dear this does not look good
     
     
  #2500  
Old Posted Mar 8, 2012, 2:21 AM
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Quote:
Originally Posted by SoaringSkylines View Post
"to cap the structure at seven stories if it can’t get a tenant."

OH MY GOD.. What does that mean!!!??
It means exactly what it has meant since it was first announced a couple of years ago.
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