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  #1  
Old Posted Mar 14, 2007, 11:33 AM
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Smile NEW YORK | Manhattan West | (3 towers ) FT | 67/60+/64 FLOORS

MANHATTAN WEST

Two towers:
66 stories - 3.4 msf - 1,216 ft
60 stories - 1.9 msf - 935 ft




__________________________________________


NY Post

FOUR TOWERS NEAR FARLEY
BROOKFIELD STILL NEEDS ANCHOR




March 14, 2007

BROOKFIELD Properties is readying plans for four towers totaling 4.7 million feet at the rear of the Farley Post Office on the west side of Ninth Avenue between 31st and 33rd streets.

"It will be an awesome location," Ric Clark, Brookfield's CEO, said at the Young Men's and Women's Real Estate Association luncheon yesterday.

Clark said plans call for the east end of the plot to host two office towers sharing 4 million square feet while the west end will have two residential towers totaling 700,000 feet.

They hope to kick off marketing the northern office tower of 1.6 million square feet within the next few weeks, for delivery in late 2010. That process will begin with the sharing of new renderings now being prepared by Skidmore Owings Merrill.

While there's no anchor tenant yet, Clark said Brookfield is in discussions with "all the usual suspects" and expects rents to start in the $80 range.

Would they break ground without an anchor tenant? "Never say never," Clark said. "But we would need to know the Moynihan Train Station was going forward."
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Last edited by NYguy; Feb 22, 2008 at 3:18 AM.
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  #2  
Old Posted Mar 14, 2007, 11:36 AM
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Quote:
Clark said plans call for the east end of the plot to host two office towers sharing 4 million square feet while the west end will have two residential towers totaling 700,000 feet.

They hope to kick off marketing the northern office tower of 1.6 million square feet within the next few weeks, for delivery in late 2010.
With my good math skills, I put the towers at this size

1 tower at........... 2.4 msf
1 tower at........... 1.6 msf

2 residential towers totalling......700,000 sf


Not bad. And we don't even have the plans for the MSG site, nor the 2.5 msf tower at the Hotel Penn site. Things are really looking up...
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  #3  
Old Posted Mar 14, 2007, 11:44 AM
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Brookfield's site in relation to other major developments...





Fronting 9th Ave...







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  #4  
Old Posted Mar 14, 2007, 8:20 PM
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Quote:
Originally Posted by NYguy View Post
With my good math skills, I put the towers at this size

1 tower at........... 2.4 msf
1 tower at........... 1.6 msf

2 residential towers totalling......700,000 sf


Not bad. And we don't even have the plans for the MSG site, nor the 2.5 msf tower at the Hotel Penn site. Things are really looking up...
2.4 msf would be a pretty tall building. I hope these buildings get built soon.
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  #5  
Old Posted Mar 14, 2007, 8:31 PM
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I hope so. It's a small plot for 4 buildings, so there has to be one or two of these towers that are 600ft+.
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  #6  
Old Posted Mar 14, 2007, 8:48 PM
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^^ Maybe for the residential. 2.4 msf is most likely around 1000ft. BoA is 2.2 msf.
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  #7  
Old Posted Mar 14, 2007, 10:22 PM
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Originally Posted by trojans14 View Post
2.4 msf would be a pretty tall building. I hope these buildings get built soon.
But first, they have to build a platform over the railroad tracks. That takes a long time.
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Old Posted Mar 14, 2007, 11:04 PM
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Great news. This will really help to link the Midtown skyline with the upcoming Westside skyline.
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  #9  
Old Posted Mar 14, 2007, 11:27 PM
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Originally Posted by lazar22b View Post
^^ Maybe for the residential. 2.4 msf is most likely around 1000ft. BoA is 2.2 msf.

And don't forget that BoA has a massive base. 2.4 msf could easily translate into extraordinary height indeed on a smaller lot...
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  #10  
Old Posted Mar 15, 2007, 1:20 AM
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I hope the 2.4 msf tower is 300 meters +, I'm sick of Midtown and the city picking scrapers in the range of 250 meters. NO MORE PEOPLE, LET'S MOVE IT UP A COUPLE OF NOTCHES!
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  #11  
Old Posted Mar 15, 2007, 11:50 AM
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Originally Posted by antinimby View Post
But first, they have to build a platform over the railroad tracks. That takes a long time.
Apparently not that long...

Quote:
They hope to kick off marketing the northern office tower of 1.6 million square feet within the next few weeks, for delivery in late 2010.
I know Brookfield has had plans and agreements in place with the transit agencies regarding building the platform. Even so, I have trouble imagining more than two towers fitting on that site. But residential towers don't have to be very large, and will likely have much smaller footprints.


Quote:
Would they break ground without an anchor tenant? "Never say never," Clark said. "But we would need to know the Moynihan Train Station was going forward."
The Moynihan project is moving forward, we should be getting plans on that next month. It's just astonishing the amount of commercial space being built on basically two blocks. I guess the developers in Midtown want to strike back early and hard at the WTC, something I don't think happend the first time around. But with the office market as hot as it is in Manhattan, there's not a better time to do it.

A look at NY's largest new office developments (doesn't include nearly full towers like Times, BofA, and Goldman Sachs)

Downtown
Freedom Tower............2.6 msf office tower
Tower 2 .....................2.5 msf office tower
Tower 3 .....................2.5 msf office tower
Tower 4 .....................2.8 msf office tower
Tower 5 .....................1.8 msf office tower

Midtown
Hotel Penn site ............2.5 msf office tower
MSG site.....................6 msf - 2 office towers
Brookfield tower 1 ........1.6 msf office tower
Brookfield tower 2 ........2.5 msf office tower
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  #12  
Old Posted Mar 15, 2007, 1:49 PM
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This and the MSG site are going to make for an impressive cluster!
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  #13  
Old Posted Mar 18, 2007, 1:07 PM
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Originally Posted by Thefigman View Post
This and the MSG site are going to make for an impressive cluster!
Put this visual together of the new 33rd-31st St cluster. You get Brookfield's
4.7 msf development, Related's 6 msf MSG development, and Vornado's 2.5 msf Hotel Penn tower.




But Brookfields site is somewhat small, considering they want to build four towers.
Even with smaller residential towers, the sites for the 2 office towers won't
be large enough to build large trading floor bases like the ones found at BofA,
the new WTC, and even the Hotel Penn tower. The tallest tower here has
the potential to be taller than the tower at the Hotel Penn site.

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Old Posted Mar 18, 2007, 6:41 PM
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Actually the base can be big enough if they do the "Bloomberg or Time Warner Center" thing where two towers share a large common base.
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  #15  
Old Posted Mar 18, 2007, 9:58 PM
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Originally Posted by antinimby View Post
Actually the base can be big enough if they do the "Bloomberg or Time Warner Center" thing where two towers share a large common base.
That could only happen if you build both towers at the same time, the way Time Warner Center was built.

Quote:
They hope to kick off marketing the northern office tower of 1.6 million square feet within the next few weeks, for delivery in late 2010. That process will begin with the sharing of new renderings now being prepared by Skidmore Owings Merrill.
That won't happen here.

I believe the Hudson Yards zoning calls for pedestrian circulation (either indoor or inclosed) between the towers, where there is no 32nd street (the same thing called for at the MSG site).

But either way, the site is too small. You would need to extend the base all the way to the western edge of the site, where apparently they want to build two residential towers. I'm constantly going through the site (entering and leaving Penn Station) and at best it's suited for two towers. But if they're looking to go up, they can cram all the space they want to in there (zoning calls for 4.7 msf).
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  #16  
Old Posted Mar 19, 2007, 2:51 AM
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So in a few years, the ESB could actually be obscured behind several taller towers... quite a change for New York that would be. Probably the most significant since the Chrysler and ESB were constructed, actually.
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  #17  
Old Posted Mar 19, 2007, 3:15 AM
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Originally Posted by CoolCzech View Post
So in a few years, the ESB could actually be obscured behind several taller towers... quite a change for New York that would be. Probably the most significant since the Chrysler and ESB were constructed, actually.
You're forgetting the original WTC, it was pretty big news when it was built...
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  #18  
Old Posted Mar 19, 2007, 3:23 AM
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I believe hes referring to Midtown only. The WTC never obscured the views of either.
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  #19  
Old Posted Mar 19, 2007, 4:57 AM
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Man, next time I come in by way of Penn Station I'm gonna make sure I take pictures of all the surrounding blocks, before they all get redeveloped with 600+ footers and the place becomes unrecognizeable from what I (will) remember as a youngster. Pretty soon the Nelson Building will look like a midget after years of dominating its territory.. neato!
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  #20  
Old Posted Mar 19, 2007, 12:13 PM
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Originally Posted by CoolCzech View Post
So in a few years, the ESB could actually be obscured behind several taller towers... quite a change for New York that would be. Probably the most significant since the Chrysler and ESB were constructed, actually.
That would be quite a change. For so many years, the Empire State has dominated Midtown. And nothing in the immediate area even comes close. It was the world's tallest for about 4 decades, and is the only former tallest to hold the title of a city's tallest on two seperate occasions.

Yet, the day of the ESB's dominance may be coming to a close. Midtown developers want to offer the same type of space being offered Downtown at the new WTC. It's no coincidence that most of these towers have the same target dates of completion (and are all actively seeking tenants, something done years ahead in New York).

Quote:
They hope to kick off marketing the northern office tower of 1.6 million square feet within the next few weeks, for delivery in late 2010. That process will begin with the sharing of new renderings now being prepared by Skidmore Owings Merrill.
What surprises me is that of all the new towers in the area, I thought the Hotel Penn tower would sprout first (they're shooting for 2011). Who knew Brookfield would trump both Vornado's tower and Silverstein's WTC towers?
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