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  #41  
Old Posted Nov 7, 2008, 12:07 AM
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  #42  
Old Posted Nov 7, 2008, 10:41 AM
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^ Yeah, we have seen 3 out of the 4 potential towers. The other two of the 3 we've seen are the Girasole and Sherwood's massive proposal:

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The site of the largest planned tower is the McDonalds with the parking lot:




So it won't really be the lone tower we see in the rendering. This one would probably start first, but I'm sure there'll be another start over there before this one is completed.

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  #43  
Old Posted Nov 8, 2008, 1:20 AM
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  #44  
Old Posted Nov 8, 2008, 5:57 PM
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What's with all those potato-chip-shaped covers on elevators leading underground? This one has one, WTC has one, and I'm pretty sure I saw another one somewhere (on a New York building).

Regardless of my queries, my feelings on this one are mixed. It's design is just complex enough that it no longer has the "simple beauty" yet not intricate enough to be pretty as a result. It's still nice to see lots of new buildings for NYC though.
     
     
  #45  
Old Posted Nov 9, 2008, 1:15 PM
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http://blog.cleveland.com/metro/2008...mpetition.html

Medical Mart Competition



Posted by Jim Nichols and Joe Guillen,
Plain Dealer Reporters
November 09, 2008

A major threat to Cleveland's proposed Medical Mart is growing in New York, where developers say they are ready to start building a $1 billion World Product Centre.

Some advocates of the Cleveland-based project, including Cleveland Clinic Chief Executive Toby Cosgrove, say there's no room for both. This region, they worry, may be beaten out on what they see as its most promising economic-revival engine.

"This is one of those things where only one of the facilities can exist," said Baiju Shah, director of BioEnterprise, a University Circle incubator for health care businesses. "You want this to happen here, to boost Cleveland's image as a leader in medical technology and a good place to do business in that field."

The New York proposal's growth, Cosgrove said, should be "an impetus to get up and get going."

The World Product Centre's backers insist they already are. The project's partners include the Greater New York Hospital Association and Extell Development Co., a major residential real estate development company.

Last month, they revealed architects' renderings for a stunning Manhattan skyscraper. World-renowned Kohn Pederson Fox Architects designed the 60-story high-rise that would combine exhibit space, offices and "incubator" support for buyers and sellers of medical-industry needs. It would surpass, by 30 feet, Cleveland's 947-foot Key Tower as the nation's 17th-tallest skyscraper.

"We're very far along," said Lee Perlman, president of project co-developer GNYHA Ventures. "We have a site. We have building plans. We're lining up funding.

"It's ready to rock 'n' roll."


But it has one huge hitch that gives its stuck-in-muck Cleveland competition an edge: financing.

The proposal here has public funding accumulating at a rate of $115,000 per day, $42 million a year for 20 years that also would produce a convention center. World Product Centre is searching for private financing amid economic turmoil of historic proportions.

Fred Nance chairs the business-promoting Greater Cleveland Partnership and is project coordinator of the Medical Mart/convention center plan, a joint effort with Chicago-based Merchandise Mart Properties Inc.

Nance said that without secure financing, the New York competitor is "a twinkle in someone's eye."

The World Product Centre's developers disagree. Late last month, they announced the facility will open late in 2013, a year behind schedule. They have hired a renowned medical-industry insider to line up tenants to raise $1 billion or more. The means: 10-year lease commitments.


"We need to get a critical mass of tenants to make the project a go," Perlman said Friday.

John Strong came from one of the country's largest hospital-supplies purchasing cooperatives to sell the World Product Centre to investor-tenants.

"I've had a very successful career," said the 35-year veteran from suburban Chicago, "and I wouldn't have left my employer if I didn't think this had a smashing chance at success."

The Cleveland proposal has its own hang-up: Site selection. That snag, now nearly three years old, could squander Cleveland's fortunes, said Cosgrove, who conceived the Medical Mart concept in 2006.

"I'd like to have seen that done yesterday," he said.

Cuyahoga County commissioners eventually will pick the site for the mart and convention center. They had expected to make a decision by now but are no closer than they were in August. That's when the Greater Cleveland Partnership recommended it be built for $536 million at Tower City Center. The partnership deemed building at Tower City less costly than building the project on the existing convention center site along Lakeside Avenue.

Commissioners now say they want to vote on a site in January. They will take their cue from Merchandise Mart Properties, county Administrator James McCafferty said.

But MMPI, which will own and operate the mart and convention center, is making its own location analysis.

MMPI wants a complex that can be built without funding beyond the county's sales tax revenue. That would cap construction cost at about $450 million.

Commissioners OK'd a quarter-cent sales tax increase in July 2007 to pay for the mart and convention center. MMPI is to pay for cost overruns

The company and its consultants have reduced costs at both places to about $400 million, said Mark Falanga, senior vice president.

"We think that both [Cleveland] sites are viable," he said.

Others are getting antsy about the delay.

Forest City Enterprises Inc., which owns Tower City and seemed positioned to land the complex after the partnership's summertime recommendation, has noticed little progress in recent months.

"It has not been terribly active, I know that for certain," Forest City spokesman Jeffrey Linton said.

The county will have to buy land to build the Medical Mart/convention center at either site. MMPI will negotiate with sellers. Linton said there haven't been any talks.

Meanwhile, word has spread about the global bazaar planned for New York.

"In the back of everybody's mind is whether it's a competitive threat to Medical Mart," Linton said.


Nance, managing partner at the global law firm Squire Sanders & Dempsey, insists it is not.

"It is an interesting idea, but I - we - still think it is very much the subject of hopes and dreams and not a lot of economic reality," he said. "We should be mindful that we cannot dawdle and make this a reality. . . . But we do not see this particular proposal in New York to be much of a threat."

Nance said much the same thing about the need for speed in August 2007, when news of the New York project was first reported.

The two projects differ dramatically in scale and in other marked ways. But they share an underlying purpose: to create one place where makers of a wide array of health care-related products and technology can showcase offerings to buyers from the fast-growing industry.

Both developers envision a place where competing suppliers can show wares ranging from rubber gloves, carpeting and desks to cutting-edge drugs, surgical-implant gadgets and multimillion-dollar radiology-imaging machines.

"Anybody who's building a hospital now has to go all over the world to do it," said the Clinic's Cosgrove. "I've been everywhere from Minnesota to Germany. It's a hassle."

Many of Greater Cleveland's top movers and shakers - old-school leaders and emerging entrepreneurs in the dynamic med-tech field - tout the Medical Mart as a spectacular opportunity to revive the region's sagging economy.

BioEnterprise's Shah said the Medical Mart could draw hundreds of thousands of visitors to health care trade shows. But more importantly, it could lure high-tech firms from all over the globe to Cleveland "to establish a beachhead for North American operations," he said.
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  #46  
Old Posted Nov 13, 2008, 11:55 PM
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http://www.hdmagazine.co.uk/story.as...ryCode=2048754

Healthcare skyscraper to be built in Manhattan

13 November 2008
By Joanne Makosinski, Editor HD


THE world’s-first permanent international marketplace and education centre for the healthcare supplies industry will dominate the skyline in midtown Manhattan in less than five years, it has been announced.

Plans for the 60-storey, £1 billion World Product Centre (WPC), as it will be known, have recently been agreed following the appointment of Extell Development Company as the build contractor. A joint marketing company has also been formed between owner WPC and GNYHA Ventures, a leading healthcare business services company owned by the Greater New York Hospital Association.

“We can reveal we are moving steadily forward with this exciting endeavour”, said Israel Green, WPC president and visionary of the centre.

Under the plans, a custom-built 60-storey, 1.5 million sq ft tower will be built on the corner of 33rd Street and 11th Avenue, serving the commercial and educational needs of healthcare suppliers and providers from across the globe. Featured companies will represent all areas of the global industry, including medical devices, diagnostics, technology, pharmaceuticals and healthcare services.

Current designs include more than 120,000sq ft of education and conference space, including a two-storey, 499-seat, fully-digitalised auditorium. There will also be permanent showrooms, media centres and office space, as well as a ‘consumer health pavilion’, which will be open to the general public and will offer guided tours, interactive forums and a wealth of healthcare information.

“WPC is a direct response to the evolving needs of the healthcare marketplace, which is worth $336m in global sales of medical devices alone”, said Lee Perlman, president of GNYHA Ventures.

“With ever-growing pressures on hospitals, long-term care facilities and other healthcare organisations to cut costs and increase quality, providers wrestle daily with how to stay current with innovation and make well-informed purchasing decisions.

“Among its numerous benefits, WPC solves these challenges. It offers a new, cost-effective and transparent environment for bringing purchasers and sellers together to transact business.”

John Strong, former president and chief executive of purchasing group Consorta, is now president of the marketing arm of the venture. He said: “WPC is the most-unique, exciting and groundbreaking project in my 35 years in the healthcare business. It will offer the industry a dynamic commercial environment for partnership and collaboration as well as resources to enhance education. This is a new concept; there is nothing like it.”

Its chosen location is said to help address a huge gap in accommodation for healthcare companies in New York City.

Gary Barnett, chief executive of Extell Development, said: “New York City is a global capital, accustomed to hosting domestic and international visitors, all of which will be supported by this highly-advantageous site. WPC will provide companies, whether they be from America or around the world, with a unique opportunity to showcase and conduct business in one of the most-important healthcare markets in the world.”
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  #47  
Old Posted Nov 14, 2008, 10:41 PM
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This tower will be impressive on the skyline for sure, but sooner rather than later, other towers in the area will join.
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  #48  
Old Posted Nov 15, 2008, 11:44 AM
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great news, you don't see anything from the financial crysis in NYC
     
     
  #49  
Old Posted Nov 20, 2008, 5:18 AM
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Bringing it on...
http://www.nytimes.com/2008/11/20/ny...1&ref=nyregion

Defying Slump, Developers Plan 60-Story Hospital Industry Center on West Side



From left, Israel Green; Lee H. Perlman, for the Greater New York Hospital Association; and Gary Barnett, for Extell, a developer.


By ANEMONA HARTOCOLLIS
November 19, 2008

A major hospital trade association, one of New York City’s most aggressive developers and a financier with a personal interest in health care are teaming up in hopes of building a 60-story glass-and-steel tower on the West Side of Manhattan that would function as an international showcase and permanent conference center for the hospital industry.

The partners — the Greater New York Hospital Association, Extell and Israel Green, a deep-pocketed investor little known outside the real estate industry — say the building would open in late 2013 and would serve as an anchor building for the Hudson Yards, more than 50 blocks of riverfront stretching from West 28th Street to West 43rd Street that make up one of the last parcels of underused land in Manhattan. The Bloomberg administration originally wanted to put a $2 billion football stadium for the Jets on the site, but that notion was blocked by the State Legislature.

Real estate projects all over New York City have been stalled or stopped in their tracks because of the shrinking credit market. But the backers of the World Product Centre, as the tower would be called, say that the prospects for their project — estimated to cost $500 million to $1 billion to build — are uniquely auspicious because the health care industry has proven in the past to be countercyclical and recession-proof, since people always get sick.

In interviews on Wednesday, the developers or their representatives said they imagined the building as a permanent exhibition center for hundreds of vendors to the medical industry, from hospital food and furniture suppliers to pharmaceutical companies and makers of X-ray machines and surgical devices. They have assembled a team of salespeople to begin marketing the 10-year leases that would help secure the financing for the building, focusing their attention on some of the country’s largest health care companies, like Cardinal Health Care, a Fortune 20 company with $90 billion in annual revenue.

Situated on the east side of 11th Avenue between 33rd and 34th Streets, where the now-demolished Copacabana nightclub once stood, cater-corner from the Jacob K. Javits Convention Center, the tower would also house the headquarters of the hospital association, now located on West 57th Street.

“From an economic development aspect, it’s more important than ever to do a building like this, because New York City’s future can’t be continued reliance on Wall Street,” said Marc V. Shaw, executive vice president for strategic planning at Extell, the development company, and a former budget director in the Giuliani administration and former chief executive of the Metropolitan Transportation Authority.


The Bloomberg administration has embraced the project as part of its efforts to wean New York City’s economic base away from the financial industry, which has been its mainstay, and as a way to bolster the tourism industry by filling hotel rooms with medical executives during the off-season.

Robert C. Lieber, deputy mayor for economic development, said in an e-mail message on Wednesday, “New York City has all the makings of a major hub of commercial bioscience activity — more than 70 hospitals, top medical research institutions, the most talented work force in the nation — and we see the industry as a prime opportunity to grow and diversify the economy.”

Lee H. Perlman, president of the for-profit venture arm of the Greater New York Hospital Association, said the centralized location would address Congressional concerns that the financial relationship between hospitals and doctors and their suppliers, including drug and medical device companies, has become too cozy and insulated from public scrutiny.

But real estate executives and others said it would be an uphill fight to convince potential financial backers of the project’s potential to succeed in bleak economic times. They noted that the International Toy Center, a similar concept, failed and is now being converted into offices and residences.

One executive who spoke on the condition of anonymity for fear of alienating Extell said he found it hard to believe that enough companies would commit to 10-year leases in the current market to make the project financially viable. “Under normal conditions, Israel Green and Extell could — and did — raise a lot of money,” the executive said. “They are as smart as they come.”

But he said that over the next 12 months, space would become cheaper to lease, and that it might make more sense to lease than to build. “There is nothing getting done or built that’s over $100 million these days, because you simply cannot get the lenders together to fund it,” the executive said. “In fact very little is being done above $75 million. When you’re looking into a crystal ball, a year to a year and a half looks to us like a train wreck just beginning to hit.”

Anna Levin, chairwoman of the Clinton-Hell’s Kitchen Land Use Committee for Community Board 4, said the infrastructure for Hudson Yards could not yet support a 60-story building, and that infrastructure construction — including the extension of the No. 7 subway — was likely to fall behind schedule because of the sagging economy.

“It may not be a stupid idea, but at this point I think it’s kind of an isolated idea, wrapped up in a whole bunch of uncertainties,” Ms. Levin said of the plan for the World Product Centre. “It’s all still a pretty picture, but with no reality behind it yet, and this smells to me like the city is trying to create some reality.”

The World Product Centre was jointly conceived by Mr. Perlman and Mr. Green. Mr. Green and a partner, Joseph Neumann, owned the Salmon Tower, a 59-story office building at 500 Fifth Avenue, at 42nd Street, in the 1980s. Mr. Green said he became interested in health care after his wife was found to have thyroid cancer 10 years ago, and that he had originally hoped to build the World Product Centre near the World Trade Center — hence the word “Centre” in its name — a plan that was dashed by the 2001 terrorist attack.

The developers said that the building would have 1 million square feet of space and 1,800 showrooms, but that a typical company would occupy two or three showrooms. Mr. Perlman said that the backers needed 10-year commitments from about 600 companies to make the financing work, and that they would need to sign up about 200 to start construction.

Mr. Perlman said that several companies had expressed interest, though none had yet signed a lease. “We have 18 months to do it, and that’s our goal,” he said.

Mark Rosenbaum, an executive at Cardinal Health, based in Ohio, said the company, with 2,500 sales representatives, has showrooms in Columbus and San Diego, and often shows clients its products in use at places like the Cleveland Clinic or the Mayo Clinic. “I think it makes sense,” Mr. Rosenbaum said of the World Product Centre. “We are certainly interested in it, and we are very seriously considering what it might mean to us.”

Mr. Shaw said the developers were not asking for government financing at this point, though they might look for tax breaks down the road. He said the building would finance itself through leases that would “replace the conventional bond that’s hard to get right now.”

Besides the showplaces and trade association headquarters, the tower would include a 500-seat auditorium, work spaces for visiting businesspeople, and a training and education center for the hospital industry.
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  #50  
Old Posted Nov 20, 2008, 8:37 AM
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Meanwhile, although listed at 977 ft, closer inspection reveals that this tower
is in fact a thousand footer, or 1,011 ft to be exact...(from the website)







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  #51  
Old Posted Nov 20, 2008, 1:50 PM
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How about that.
     
     
  #52  
Old Posted Nov 20, 2008, 2:31 PM
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The Thread title needs to be modified: 1011 FT = 308 M
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  #53  
Old Posted Nov 20, 2008, 9:02 PM
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wonderful, another supertall for NYC
     
     
  #54  
Old Posted Nov 21, 2008, 12:12 AM
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Great-looking tower. New York rules.
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  #55  
Old Posted Nov 21, 2008, 1:36 AM
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Wow, this tower literally "grew" in height. Add one more supertall for NYC.
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  #56  
Old Posted Nov 21, 2008, 1:39 AM
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I think it's just that we never noticed that the height given was for the roof, and not the parapet, right?

Anyway, it's always nice to have another supertall.
     
     
  #57  
Old Posted Nov 21, 2008, 1:54 AM
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^ That's right.


Quote:
Originally Posted by ZZ-II View Post
wonderful, another supertall for NYC
Yeah, now I can add it to my parade of supertall proposals...




I don't really expect this one to get underway before 2010, but the design has really grown on me,
even though it could change some before now and then...




Quick report from NY1.
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Last edited by NYguy; Nov 21, 2008 at 2:54 AM.
     
     
  #58  
Old Posted Nov 21, 2008, 2:53 AM
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2013 is a ways away, but another supertall for NYC is always welcome
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  #59  
Old Posted Nov 21, 2008, 2:54 AM
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I don't feel the love yet for this design.
Nevertheless, I'm always happy to hear about another proposed 1,000 footer. Oh well! its another 3-4 years before it will be completed, plenty of time to warm-up to it.
     
     
  #60  
Old Posted Nov 21, 2008, 4:10 AM
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Not to be a downer but other than the WTC none of the projects NYGUY posted are going to get underway for at least another decade.
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