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  #2801  
Old Posted Aug 20, 2012, 12:02 PM
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http://www.esquire.com/features/worl...uilding-0912-4



Joe Woolhead
An ironworker installs aluminum decking at 3 WTC, with 1 WTC (also known as the "Freedom Tower") in the background.
When finished, the site will feature four towers higher than 900 feet, as well as a $4 billion train station.
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  #2802  
Old Posted Aug 20, 2012, 9:58 PM
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Originally Posted by NYguy View Post
They have at least a year's worth waiting (if no tenant is found) before Silverstein puts the tower on hold officially. We already know the tower is not expected to rise higher in that time. I don't know many more ways to say it.
You could say it in several different languages LOL
     
     
  #2803  
Old Posted Aug 22, 2012, 3:44 PM
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Photos from this weekend:

175 Greenwich Street August 2012 Update

     
     
  #2804  
Old Posted Aug 23, 2012, 2:08 AM
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^ We're starting to get a feel for that stretch of Greenwich.
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  #2805  
Old Posted Aug 23, 2012, 2:48 AM
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Even while the tower portion of 3 WTC is on hold, the podium is still large enough to complement 4 WTC and create a wall-like effect along Greenwich street.
     
     
  #2806  
Old Posted Aug 23, 2012, 5:30 AM
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Originally Posted by Silverfox View Post
Even while the tower portion of 3 WTC is on hold, the podium is still large enough to complement 4 WTC and create a wall-like effect along Greenwich street.
is there plans pics of 3 WTC that show the shopping mall parts
also how it connects to the subways?
     
     
  #2807  
Old Posted Aug 23, 2012, 1:59 PM
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Jesus, the WTC stretch of Greenwich is going to be one helluva streetscape.
     
     
  #2808  
Old Posted Aug 23, 2012, 3:13 PM
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Originally Posted by eleven=11 View Post
is there plans pics of 3 WTC that show the shopping mall parts
also how it connects to the subways?
I don't know of any renderings of the below grade shopping mall, but earlier plans show the 2 level below grade shopping area...






And here's a look at the footpring with subway connections...






A look at above grade retail with lighting...










How the two levels of below grade shopping come together...







latrell_jerald









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Last edited by NYguy; Aug 23, 2012 at 3:30 PM.
     
     
  #2809  
Old Posted Aug 23, 2012, 3:57 PM
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Can't wait to see this one rise!

Last edited by chris123678; Aug 23, 2012 at 4:45 PM.
     
     
  #2810  
Old Posted Aug 28, 2012, 8:12 PM
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Glad to see this one above grade and moving up.
     
     
  #2811  
Old Posted Aug 29, 2012, 10:16 PM
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Posted by RW on SSC, not surprising to hear them thinking about moving from that building.

Citi's Towering Ambitions

Citigroup Inc. may be scouting for a new skyscraper.

Eliot Brown

Quote:
"No, the big bank isn't expected to leave its current headquarters at 399 Park Ave. in Midtown Manhattan. But the company is said to be scouting for a new location to replace 2.6 million square feet of space it currently rents at 388-390 Greenwich St. in the trendy Tribeca neighborhood. The space is the onetime headquarters of Travelers Group and is owned by SL Green Realty Corp. SLG -0.23%That lease expires in 2020.

Citigroup managers had discussions with several landlords about developing a new tower for the company, according to multiple real-estate executives briefed on the discussions. The search is still early and Citigroup could decide to stay in place.

"Although we're always in touch with the real-estate community about space that's coming on the market over the coming years, we don't have any plans to change our footprint in New York City at this point," says Janis Tarter, a spokeswoman for Citigroup.

The timing on any decision is unclear. But the bank has been in touch with developers including Related Cos. and Brookfield Properties Inc., BPO.T -1.01%both of which own development sites on Manhattan's far West Side, and World Trade Center developer Silverstein Properties Inc., the executives said."

Last edited by NYguy; Aug 30, 2012 at 12:51 AM.
     
     
  #2812  
Old Posted Aug 29, 2012, 11:47 PM
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Exclamation Extremely bad news from earlier today:

3 World Trade Center Accident: Construction Worker In Serious Condition After Fall
http://www.huffingtonpost.com/2012/0...p_ref=new-york
     
     
  #2813  
Old Posted Aug 30, 2012, 12:56 AM
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Citigroup managers had discussions with several landlords about developing a new tower for the company, according to multiple real-estate executives briefed on the discussions. The search is still early and Citigroup could decide to stay in place.

The timing on any decision is unclear. But the bank has been in touch with developers including Related Cos. and Brookfield Properties Inc., both of which own development sites on Manhattan's far West Side, and World Trade Center developer Silverstein Properties Inc., the executives said."
All the usual players, but since they are replacing the Downtown space, Silverstein should have an advantage.




http://commercialobserver.com/2012/0...-trade-center/

Construction Worker Injured at 3 World Trade Center

By Daniel Edward Rosen
8/29/12

Quote:
A construction worker fell 15 feet to the ground at 3 World Trade Center as he was installing a steel beam, the Fire Department of New York and the Port Authority of New York and New Jersey confirmed today.

The construction worker, described as a male in his 30s, was working on the installation of a beam at 1:27 p.m. when he slipped and fell 15 feet to the ground, authorities said. He suffered injuries to his head and arms and had to be taken to Bellevue Hospital Center, where he is listed in serious condition.

Silverstein Properties, the co-developer of 3 and 4 World Trade Center, could not immediately comment on the accident at 3 World Trade Center.

Designed by Pritzker Prize-winning architect Richard Rogers, 3 World Trade Center will offer 2.8 million square feet of office space, with footplates ranging between 29,000 and 44,000 square feet. The building is set to finish construction in the summer of 2014.

Obviously, that completion date isn't accurate.
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  #2814  
Old Posted Aug 30, 2012, 10:20 PM
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Hopefully Citi chose this tower. I can't stand that gap and it needs to be filled ASAP!
     
     
  #2815  
Old Posted Aug 31, 2012, 4:42 AM
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Both towers 2 and 3 seem to have just the right amount of space. I think either of those towers, as shown below, would be the best choice right now.



http://observer.com/2012/08/what-shi...ti-help-build/
What Shining New Tower Might Citi Help Build?


By Matt Chaban
8/30/12


Quote:
Citigroup owns some of the most iconic office buildings in the city. Not only is there its headquarters at 601 Lexington, with its jagged roof and gravity-defying base, but also Queens’s tallest tower and a waterfront monolith in Tribeca. As Citi prepares to leave that last home and go in search of some 2.6 million square feet, the Journal reveals that “Citigroup managers had discussions with several landlords about developing a new tower for the company.” While the bankers just as well might stay put at 388 Greenwich, this got us thinking about exactly what on-the-horizon towers Citi could wind up in.

While this is far from a comprehensive list of the commercial development coming to town—and no doubt more will be announced in the years to come—these are the projects that first came to mind. If you think of any good ones we forgot—maybe Solow’s East Side project, or some new towers around Moynihan Station—do let us know in the comments.




3 World Trade Center
The most obvious choice would be 3 World Trade Center. Not only is Larry Silverstein desperate to find an anchor tenant so he can keep building the tower rather than pausing it at eight stories, but he nearly attracted another finance tenant last year when UBS took a serious look at relocating here from Stamford. Plus, it is close to the building Citi is vacating at 388 Greenwich.





2 World Trade Center




5 World Trade Center
Another choice might be 5 World Trade Center, planned for the site of the old Deutsche Bank Building at 130 Liberty Street. At 1.3 million square feet, it is half the size of the space Citi is currently vacating, but since Wall Street has been downsizing in the wake of the financial crisis (of which Citi has been far from immune) this might not be a bad choice.





7 Bryant Park
Turning our attention uptown, we come to Hines’s new project overlooking Bryant Park—and down the block from Bank of America’s New York operations. A striking choice, but also almost certainly too small at 474,000 square feet.





555 West 33rd Street
Still, if the Far West Side somehow appeals to Citi, another possibility for the firm might be Gary Barnett’s competing One Hudson Yards. Again, it’s on the smaller side, at 1.7 million square feet, but it enjoys the advantage over its neighbors of being built on solid ground rather than over the Penn Station rail yards, meaning the project could get underway soon.





Hudson Yards
Hudson Yards seems like a promising option, with a new neighborhood blossoming around you—hello High Line!—and Coach moving in just next door. But buttoned-down bankers are loath to go as far as Eighth Avenue, making 10th seem like a real stretch.





Manhattan West
A little more westerly—Ninth Avenue!—is Brookfield’s Manhattan West project. With more than 3 million available square feet, it could fit the bill, but it also requires decking to build—though wrapping up in the next eight years certainly seems possible.





425 Park Avenue
It is times like these when the mayor’s argument for rezoning Midtown East come to mind. Citi already has space in the area, but good luck finding something comparable. This is why L&L wants to totally remake 425 Park Avenue. The building would only have 625,000 square feet, but the rezoning could boost that by 50 percent. Probably not enough, but it is fun to think about the possibility for other sites, as well ...





51 East 42nd Street
... Like 51 East 42nd Street. SL Green currently owns the building, which it plans to redevelop with Hines into a 1.2-million-square-foot tower. But the Midtown East rezoning has provisions that could possibly double allowable development within the area, not only creating a tower big enough for Citi but one that would also anchor the skyline, not unlike 399 Lexington. Plus, SL Green is already Citi’s tenant downtown, so it might even offer the bank an inside deal.





Court Square
Like the Hearst Tower, Citi’s recent addition in Long Island City can actually accommodate an addition to its base, expanding the size of the tower. But given that the Far West Side is a stretch, as is the size of the building, it seems unlikely the investment banking division would be willing to move to Queens.
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  #2816  
Old Posted Aug 31, 2012, 12:02 PM
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2 and 3WTC offer big trading floors- ideal for Citi.
     
     
  #2817  
Old Posted Aug 31, 2012, 8:29 PM
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Originally Posted by hunser View Post
2 and 3WTC offer big trading floors- ideal for Citi.
I'm pushing for this one so Silverstein can put all his efforts on tower 2. We're getting the base built, may as well get the whole thing up.
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  #2818  
Old Posted Aug 31, 2012, 9:13 PM
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Originally Posted by NYguy View Post
I'm pushing for this one so Silverstein can put all his efforts on tower 2. We're getting the base built, may as well get the whole thing up.
Imagine if SkyscraperPage headquarters were to relocate into this tower and hire some dedicated fans (I would love to work for this site, doing something I enjoy) to land a 20 year lease.

I want my office adjacent to NYGuy.
Oh yeah, hire CarlosV too.
     
     
  #2819  
Old Posted Sep 6, 2012, 8:09 PM
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RPT-Companies use World Trade Center as rental bargaining chip
Fri Sep 7, 2012 12:18am IST


Quote:
«Business

RPT-Companies use World Trade Center as rental bargaining chip
Fri Sep 7, 2012 12:18am IST

* Companies using threat of moving to WTC to win lower rents

* Many see Midtown Manhattan as better location

* Amid low interest, two WTC buildings have halted construction

* Office lease demand weak all across Manhattan

* Transit upgrades, retail leasing could help WTC

By Ilaina Jonas

NEW YORK, Sept 6 (Reuters) - Companies renegotiating their property leases in New York are seeking lower rents by playing the World Trade Center card -- threatening to move to the towers rising from the rubble of the 9/11 attacks.

Many brokers and landlords say they're just bluffing.

The WTC is struggling to fill its millions of square feet of office space at the southern edge of Manhattan amid a real estate slowdown all across the city. It is so bad that construction is set to be halted on two of the four towers planned for the WTC complex until tenants sign up.

The problem: The banks, law firms, advertising and accounting firms that dominate New York are comfortable in Midtown. In many cases, they are close to their clients, and transport links are convenient for people living in most parts of the region. Plus, Lower Manhattan has fewer amenities, such as shops and restaurants.

For some, there is another concern that is often left unsaid: Will staff be uneasy moving to a place that was the target of such a horrific attack, as well as the 1993 truck-bombing? Despite very tight security, could the WTC become a target again?

"Lower Manhattan in my mind has always been a second-tier location to Midtown Manhattan," said James Meiskin, president of real estate brokerage Plymouth Partners Ltd. The 9/11 attacks only diminished the area's standing, he said. "If you don't have to go downtown, why would you?"

And this is despite the appeal of lower rents. The average office asking rent at the WTC ranges from $75 to $80 per square foot, depending on the floor and building, compared with new Midtown buildings where the average asking rent starts at $70 and reaches $120 and more, according to sources with direct knowledge of market.

The asking rents for the WTC are usually significantly higher than the rents tenants finally agree to pay. And on top of that, tax breaks and lower power costs for WTC tenants can shave an additional $6 to $8 per square foot off the cost.

One broker said clients have used the WTC as a negotiating ploy. "We have been hired by tenants and they've said to us, 'We do not want to go downtown. If we need to consider downtown to help the negotiation process for Midtown, we will do that. But it is not a viable solution for us," said the broker, who declined to be named because he is not authorized to speak on the record.
http://in.mobile.reuters.com/article...20906?irpc=932
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Last edited by NYguy; Sep 7, 2012 at 12:59 AM.
     
     
  #2820  
Old Posted Sep 7, 2012, 12:10 AM
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Good read - I'm certainly sensitive to some of the reasons why companies don't view Downtown in general as a desirable location when Midtown can be an option. As a commuter I can appreciate getting off the train and walking a few blocks as oppose to having to jump a subway Downtown. I suppose what it comes down to is the 'right fit' having to come along to make things work for these buildings. Frankly, it's only a matter of time until that presents itself.
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