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Supertalls Discussions of projects under construction at least 300m/1,000 ft tall.
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Old December 16th, 2012, 01:10 PM   #961
RobertWalpole
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As with any building in NYC, they must remove asbestos from the interior before they raze it. They''re probably preparing for that.
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Old December 16th, 2012, 01:11 PM   #962
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Maybe they just wanna wait 'til after the holidays
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Old December 16th, 2012, 02:20 PM   #963
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Asbestos removal is a real time consuming job.
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Old December 16th, 2012, 03:09 PM   #964
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I would assume that it is. It must be dangerous too.
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Old December 16th, 2012, 05:15 PM   #965
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That could well be it. But still, they have to get all the junk out of the supermarket area before they can do any abatement there and they haven't even done that yet.

I would assume this building will cost a LOT to build, significantly more than One57. At one point construction on One57 essentially stopped while financing got lined up.

Do we know if full financing is in place for this project? I hope so as I really want to see this go up soon.
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Old December 16th, 2012, 06:26 PM   #966
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That's a good question. I'd also like to know how much of the money gained from selling apartments in 157 Extell will pump into this building?
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Old December 16th, 2012, 06:29 PM   #967
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Quote:
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Do we know if full financing is in place for this project? I hope so as I really want to see this go up soon.
I'm guessing Nordstrom chipped in a lot
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Old December 16th, 2012, 07:28 PM   #968
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That's a good question. I'd also like to know how much of the money gained from selling apartments in 157 Extell will pump into this building?
Good question. But remember the bulk of the profit may not go to Extel. Some people from the Middle East put up big bucks for the project (that is what got it restarted) so I would assume they make a lot of hte money.

Hopefully Robert Walpole will chime in - he is generally in the know about this stuff.
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Old December 16th, 2012, 07:36 PM   #969
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At one point construction on One57 essentially stopped while financing got lined up.

Do we know if full financing is in place for this project? I hope so as I really want to see this go up soon.
I don't think One57 construction ever stopped. At the least, I don't remember any delays during the construction process. It went up fast, which is true of all Extell projects. I assume 225 W57 will do the same.

And 225 W57 was already (at least partially) financed following the Nordstrom agreement. Nordstrom is paying for their portion of the project. I assume the Nordstrom section is being used as collateral for the rest, which is typical in such situations.

225 W57 will be completed before Nordstrom opens. Nordstrom's deadlines are key.

Last edited by crawford; December 16th, 2012 at 07:41 PM.
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Old December 16th, 2012, 07:51 PM   #970
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I have no idea if Extell has a construction loan yet, but it will get one.
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Old December 16th, 2012, 07:53 PM   #971
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I think we're being a little impatient. I would imagine excavation for this building will begin at some point in early- to mid- 2013.
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Old December 16th, 2012, 08:09 PM   #972
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That sounds correct.

PS: Can someone post the new HY video in that thread? I posted the link but can't post the awesome video.
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Old December 16th, 2012, 08:59 PM   #973
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I don't think One57 construction ever stopped. At the least, I don't remember any delays during the construction process. It went up fast, which is true of all Extell projects. I assume 225 W57 will do the same.

And 225 W57 was already (at least partially) financed following the Nordstrom agreement. Nordstrom is paying for their portion of the project. I assume the Nordstrom section is being used as collateral for the rest, which is typical in such situations.

225 W57 will be completed before Nordstrom opens. Nordstrom's deadlines are key.
Yes, it did stop. It was the spring/early summer of 2011 it ground to a halt for a while. I know because I was going to take pictures every weekend and it went two or three months without any new floors going up. Then it came out in the news that it got new financing from the Middle East and it started shooting up again.

Anyways, I know I'm being impatient but I'm super enthusiastic about this project and hope it goes up quickly.
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Old December 16th, 2012, 09:15 PM   #974
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Me too. This is the project of my dreams
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Old December 16th, 2012, 09:36 PM   #975
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That's a good question. I'd also like to know how much of the money gained from selling apartments in 157 Extell will pump into this building?
They'll first have to finish one57 before they can start thinking about that.
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Old December 17th, 2012, 05:52 AM   #976
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http://online.wsj.com/article/SB1000...ESecondStories


NY REAL ESTATE COMMERCIALDecember 16, 2012, 11:26 p.m. ET.Extell's Chief Thinking Tall For Midtown .
Article Stock Quotes Comments more in NewYork-Real Estate | Find New $LINKTEXTFIND$ ».
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By ELIOT BROWN
Gary Barnett, one of New York's leading developers, is planning a new Midtown skyscraper that could rise 300 feet higher than the Empire State Building, and he's has hired the architect who designed the world's tallest tower.

Mr. Barnett said in an interview that his Extell Development Co. has tapped Adrian Smith + Gordon Gill Architecture LLP to design an apartment tower atop the city's first Nordstrom Inc. JWN +0.10%department store.

.
Mr. Smith was the lead designer on the 2,717-foot Burj Khalifa in Dubai when he worked for Skidmore Owings & Merrill LLP. He and partner Gordon Gill left Skidmore to start their own firm in 2006.

The firm "is very expert in this field, and we want to do a really high-quality, great building," Mr. Barnett said....
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Old December 17th, 2012, 06:35 AM   #977
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Quote:
Originally Posted by RobertWalpole View Post
http://online.wsj.com/article/SB1000...ESecondStories


NY REAL ESTATE COMMERCIALDecember 16, 2012, 11:26 p.m. ET.Extell's Chief Thinking Tall For Midtown .
Article Stock Quotes Comments more in NewYork-Real Estate | Find New $LINKTEXTFIND$ ».
smaller Larger facebooktwittergoogle pluslinked ininShare.0EmailPrintSave ↓ More .
.
smaller Larger
By ELIOT BROWN
Gary Barnett, one of New York's leading developers, is planning a new Midtown skyscraper that could rise 300 feet higher than the Empire State Building, and he's has hired the architect who designed the world's tallest tower.

Mr. Barnett said in an interview that his Extell Development Co. has tapped Adrian Smith + Gordon Gill Architecture LLP to design an apartment tower atop the city's first Nordstrom Inc. JWN +0.10%department store.

.
Mr. Smith was the lead designer on the 2,717-foot Burj Khalifa in Dubai when he worked for Skidmore Owings & Merrill LLP. He and partner Gordon Gill left Skidmore to start their own firm in 2006.

The firm "is very expert in this field, and we want to do a really high-quality, great building," Mr. Barnett said....
Interesting... no wacky buildings then (HdeM). Still, this should be fun to watch. He has done beautiful towers that are contexutal (Burj, Jin Mao) and he has the Kingdom Tower design which is super modern. He was involved in some ugly SOM towers like the GM tower in Detroit and Canary Wharf. One thing we know, we are not getting any crazy organic or highly innovative out of the box tower which is fine with me. He likes stainless steel facades it appears. I wonder will he inject a NY flavor into the tower just like he did with Jin Mao for China or Burj for Dubai..

Last edited by aquablue; December 17th, 2012 at 06:43 AM.
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Old December 17th, 2012, 08:49 AM   #978
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Of course we won't get an over the top design. That belongs not to NYC. The architect would know what he is doing.
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Old December 17th, 2012, 12:49 PM   #979
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No lack of ambition anyway. This will be a great tower.
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Old December 17th, 2012, 12:53 PM   #980
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Of course we won't get an over the top design. That belongs not to NYC. The architect would know what he is doing.

. I don't agree with your 'belong not to NYC'... over the top design is just what the doctor ordered IMO.
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217 w.57th st., 225 w.57th st., central park south, cps, extell, new york, nordstrom tower, nyc, supertall

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