HomeDiagramsDatabaseMapsForumSkyscraper Posters
     

Go Back   SkyscraperPage Forum > Discussion Forums > Buildings & Architecture > Never Built & Visionary Projects > Cancelled Project Threads Archive

 

 
Thread Tools Display Modes
     
     
  #21  
Old Posted Sep 9, 2010, 12:18 AM
SkyscrapersOfNewYork's Avatar
SkyscrapersOfNewYork SkyscrapersOfNewYork is offline
Moderator
 
Join Date: Sep 2009
Location: New York City
Posts: 2,518
Quote:
Originally Posted by Obey View Post
This is such a shame. Just a disaster...
but we may be getting another supertall!
__________________
New York City,The City That Never Sleeps,The Capitol Of The World,The Big Apple,The Empire City,The Melting Pot,The Metropolis,Gotham

Buildings Over 200 Meters 62 Completed 20 Under Construction 50 Proposed 0 On Hold
     
     
  #22  
Old Posted Sep 9, 2010, 1:01 AM
babybackribs2314 babybackribs2314 is offline
Registered User
 
Join Date: Apr 2006
Location: UWS, Manhattan
Posts: 1,728
Quote:
Originally Posted by Obey View Post
This is such a shame. Just a disaster...
It's amazing how $100 million literally just went down the drain--that money could have done so many things but it literally went down the drain. How does this happen?!? Obviously the new supertall will be nice, but seriously... that money could have gone to so many things and it literally will have been used for nothing when this is demolished...
     
     
  #23  
Old Posted Sep 9, 2010, 1:14 PM
NYonward's Avatar
NYonward NYonward is offline
Registered User
 
Join Date: Dec 2003
Location: New York City
Posts: 1,236
Quote:
Originally Posted by babybackribs2314 View Post
It's amazing how $100 million literally just went down the drain--that money could have done so many things but it literally went down the drain. How does this happen?!? Obviously the new supertall will be nice, but seriously... that money could have gone to so many things and it literally will have been used for nothing when this is demolished...
He took a big chance and it didn't pay off. The old building/facade was not going to attract the high-rent tenants that are coveted. Timing is where it's at in Real Estate. If the market had remained strong he would likely look like a genius. It didn't, he has an empty building and now comes out on the wrong end.
     
     
  #24  
Old Posted Sep 9, 2010, 3:14 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 35,566
Quote:
Originally Posted by tonyo View Post
He took a big chance and it didn't pay off. The old building/facade was not going to attract the high-rent tenants that are coveted. Timing is where it's at in Real Estate. If the market had remained strong he would likely look like a genius. It didn't, he has an empty building and now comes out on the wrong end.
Location also probably hurt just a little. Of all the companies currently looking for large amounts of space, I don't really see many of them moving to that particular neighborhood to that particular tower. To a much larger skyscraper, maybe. I just don't see it.

It's also ironic that the two evils that some people go crazy over (1. Reclading a building in glass, and 2. Demolishing a building outright), could both take place to one building over the course of a couple of years. Probably one of those only in New York stories. But that's why we love it.
__________________
NEW YORK. World's capital.

“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.
     
     
  #25  
Old Posted Sep 9, 2010, 6:05 PM
RobertWalpole RobertWalpole is offline
BANNED
 
Join Date: Apr 2010
Posts: 1,911
Large companies want new space with great wiring for computer systems, etc.

Putting glass on an old building does not make it new space. Therefore, no high-end financial or law firm would move there.

I loved the old building, but as long as it's now ruined, I'm all for razing it and building a 300m+ tower in its place.
     
     
  #26  
Old Posted Sep 9, 2010, 6:12 PM
scalziand's Avatar
scalziand scalziand is offline
Mortaaaaaaaaar!
 
Join Date: Aug 2007
Location: Naugatuck, CT/Worcester,MA
Posts: 3,449
While I'm sure that all of us wish the reclad had never happened, this possibility seems like it could be an improvement over the reclad building.
     
     
  #27  
Old Posted Sep 9, 2010, 6:34 PM
RobertWalpole RobertWalpole is offline
BANNED
 
Join Date: Apr 2010
Posts: 1,911
While I loved the old building, this could be the fourth 300m+ tower to rise on the CPS skyline over the next few years. This could be monumental.
     
     
  #28  
Old Posted Sep 10, 2010, 1:24 AM
NYC4Life's Avatar
NYC4Life NYC4Life is offline
The Time To Build Is Now
 
Join Date: May 2008
Location: Bronx, NYC
Posts: 3,004
Another potential supertall for Central Park South, I can smell the NIMBYs already attempting to block this.
__________________
"I want to wake up in the city that never sleeps"
     
     
  #29  
Old Posted Sep 10, 2010, 11:18 AM
RobertWalpole RobertWalpole is offline
BANNED
 
Join Date: Apr 2010
Posts: 1,911
I don't see how they could lock it if it's built as of right.
     
     
  #30  
Old Posted Sep 10, 2010, 12:01 PM
hunser's Avatar
hunser hunser is offline
don't *meddle*...
 
Join Date: Feb 2009
Location: New York City / Wien
Posts: 4,017
never underestimate the power of the NIMBYs!
     
     
  #31  
Old Posted Sep 10, 2010, 12:17 PM
RobertWalpole RobertWalpole is offline
BANNED
 
Join Date: Apr 2010
Posts: 1,911
They weren't able to do anything about Extell's Carnegie 57 because it is being built as-of-right. Torre Verre, by contrast, required approval for air rights transfers from non-contiguous properties.
     
     
  #32  
Old Posted Sep 10, 2010, 1:00 PM
hunser's Avatar
hunser hunser is offline
don't *meddle*...
 
Join Date: Feb 2009
Location: New York City / Wien
Posts: 4,017
i know but there will be lawsuits en masse, i can promise you that. if they can't stop it, then they will try to stall the project as long as possible.
     
     
  #33  
Old Posted Sep 10, 2010, 1:13 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 35,566
Quote:
Originally Posted by scalziand View Post
While I'm sure that all of us wish the reclad had never happened,
Whoah, slow down there. I know the old thread has been lost to history, but I was never one of those upset over the recladding.


Quote:
Originally Posted by NYC4Life View Post
Another potential supertall for Central Park South,
Another request to slow down. I think you're all getting ahead of yourselves with this talk of a supertall. Let's just sit back and wait for an actual proposal to see what takes shape.
__________________
NEW YORK. World's capital.

“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.
     
     
  #34  
Old Posted Sep 10, 2010, 1:21 PM
RobertWalpole RobertWalpole is offline
BANNED
 
Join Date: Apr 2010
Posts: 1,911
Quote:
Originally Posted by hunser View Post
i know but there will be lawsuits en masse, i can promise you that. if they can't stop it, then they will try to stall the project as long as possible.
There may be. However, they will be groundless and should be dismissed on summary judgment.
     
     
  #35  
Old Posted Sep 10, 2010, 7:54 PM
Dac150's Avatar
Dac150 Dac150 is offline
World Machine
 
Join Date: Sep 2006
Location: NY/CT
Posts: 6,718
This guy gambled with what he had on the assumption that an A-list company would bail him out with a big lease signing. I’m sure he knew what he is now facing was a probable and likely outcome. I’m still amazed on how this whole thing played out; it’s like an exceptionally aggressive hostile takeover.

It does go to show how this area has and is continuing to evolve into a high end / swanky part of town.
__________________
"I'm going there, but I like it here wherever it is.."
     
     
  #36  
Old Posted Sep 11, 2010, 7:23 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 35,566
Quote:
Originally Posted by Dac150 View Post
It does go to show how this area has and is continuing to evolve into a high end / swanky part of town.
Hey, they've got "fashion week" now. It's all up from there...
__________________
NEW YORK. World's capital.

“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.
     
     
  #37  
Old Posted Sep 11, 2010, 7:33 PM
patriotizzy's Avatar
patriotizzy patriotizzy is offline
Metal Up Your !
 
Join Date: Jul 2010
Location: Bay Area, CA
Posts: 1,128
Quote:
Originally Posted by babybackribs2314 View Post
It's amazing how $100 million literally just went down the drain--that money could have done so many things but it literally went down the drain. How does this happen?!? Obviously the new supertall will be nice, but seriously... that money could have gone to so many things and it literally will have been used for nothing when this is demolished...
I don't think it literally went down the drain. After all, they had to pay someone to do the renovations right?
     
     
  #38  
Old Posted Sep 12, 2010, 7:26 AM
scalziand's Avatar
scalziand scalziand is offline
Mortaaaaaaaaar!
 
Join Date: Aug 2007
Location: Naugatuck, CT/Worcester,MA
Posts: 3,449
Quote:
Originally Posted by patriotizzy View Post
I don't think it literally went down the drain. After all, they had to pay someone to do the renovations right?
The point is that if the building gets demolished, the renovations will have been pointless; wasted money.
     
     
  #39  
Old Posted Sep 13, 2010, 11:28 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 35,566
http://www.nypost.com/p/news/busines...aqRQ22UWRO67sM

Moinian's Columbus circus

By LOIS WEISS
September 13, 2010

Quote:
Developer Joseph Moinian is turning to SL Green Realty Trust in a bid to stop Stephen Ross' Related Cos. from buying his mortgage at 3 Columbus Circle, foreclosing on the office tower, tearing it down and building a modern tower, The Post has learned.

Moinian is trying to hammer out a deal with SL Green Realty Trust to lend him enough to pay off the mortgage, complete the extensive renovations and provide capital tenant installations in the 700,000-square-foot office building, sources said.

The older office building has already been reclad with a new curtain wall, but has yet to sign a new anchor tenant since Newsweek moved downtown several years ago.

That may change, however. Concurrently with a possible financing deal with SL Green, sources say, Moinian is poised to land the William Morris agency at the location, formerly known as 1775 Broadway.

The plan, made in concert with his broker, Newmark Knight Frank, would have Moinian sign a non-disturbance agreement with the tenant in order to thwart Ross' takeover ambitions.


None of the parties could be reached for comment over the weekend.
__________________
NEW YORK. World's capital.

“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.
     
     
  #40  
Old Posted Sep 13, 2010, 12:09 PM
RobertWalpole RobertWalpole is offline
BANNED
 
Join Date: Apr 2010
Posts: 1,911
This would suck.
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
 

Go Back   SkyscraperPage Forum > Discussion Forums > Buildings & Architecture > Never Built & Visionary Projects > Cancelled Project Threads Archive
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 1:33 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.