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Old December 12th, 2012, 11:02 PM   #981
Eric Offereins
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That is just how people here want it to be.

Bet we'll know soon enough what it will look like.
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Old December 12th, 2012, 11:28 PM   #982
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It's just crazy that this tower would have been the worlds tallest if build 10 years ago
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Old December 15th, 2012, 12:16 PM   #983
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the impact of this tower in the skyline will amazing !!!
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Old December 15th, 2012, 12:17 PM   #984
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you see the http://forum.skyscraperpage.com/show...191095&page=23
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Old December 16th, 2012, 05:34 AM   #985
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Still nothing much happening at the site:

image hosted on flickr

Untitled by 600West218, on Flickr

They haven't even emptied the supermarket yet!!

image hosted on flickr

Untitled by 600West218, on Flickr

And the excavators are just sitting there - not digging at all.

Makes me wonder if they have everything lined up, like financing. If they did then why are they proceeding so slowly?
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Old December 16th, 2012, 02:10 PM   #986
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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, 02:11 PM   #987
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Maybe they just wanna wait 'til after the holidays
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Old December 16th, 2012, 03:20 PM   #988
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Asbestos removal is a real time consuming job.
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Old December 16th, 2012, 04:09 PM   #989
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I would assume that it is. It must be dangerous too.
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Old December 16th, 2012, 06:15 PM   #990
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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, 07:26 PM   #991
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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, 07:29 PM   #992
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Quote:
Originally Posted by 600West218 View Post
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, 08:28 PM   #993
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Quote:
Originally Posted by Kanto View Post
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, 08:36 PM   #994
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Quote:
Originally Posted by 600West218 View Post
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 08:41 PM.
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Old December 16th, 2012, 08:51 PM   #995
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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, 08:53 PM   #996
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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, 09:09 PM   #997
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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, 09:59 PM   #998
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Quote:
Originally Posted by crawford View Post
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, 10:15 PM   #999
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Me too. This is the project of my dreams
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Old December 16th, 2012, 10:36 PM   #1000
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Quote:
Originally Posted by Kanto View Post
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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217 w.57th st., 225 w.57th st., central park south, cps, extell, new york, nordstrom tower, nyc, supertall

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