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Old July 15th, 2014, 11:07 PM   #1641
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Its not the point of no return, but its a significant commitment physically and financially, and once it is built, there is reluctance to revisit the design, as with the Pinnacle.

Technically, the interior structure (floor slabs, columns, core walls) can always be modified at a future date and new piles for new columns can always be inserted through the basement slab.
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Old July 16th, 2014, 08:40 AM   #1642
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Quote:
Originally Posted by sk327 View Post
And once they do all that there's no going back is there? I mean, they can't scrape the plans to build it and build something else instead, is that right?
You can build a reduced tower on skyscraper worthy foundations of course, just not the other way around. Its just uneconomical and time consuming to reduce plans at a latter date after completing the foundations. I'd take any news like that to be a good sign, however.
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Old July 16th, 2014, 06:47 PM   #1643
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Was hoping to see a banana or two. This could end up like Riverside South and remain dormant for years. I see no reason why they could not build speculatively as I'm sure they would get tenants once started. Backsides need to be kicked into proper commitment instead of semi-confidence and messing around.
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Old July 16th, 2014, 11:14 PM   #1644
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This thread needs to be locked. What a disaster for London.
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Old July 17th, 2014, 11:21 AM   #1645
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A real shame that there are these holes around London. On this site and just down the road at the Pinnacle. As mentioned, Riverside South too. Is it time to only allow developers to demolish buildings only if they show they have the finances and desire to complete the project and be obliged by contract to complete projects which they begin? Or be obliged to sell land to another developer if they can complete the project?
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Old July 17th, 2014, 11:42 AM   #1646
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Perhaps planning permission needs to specify a completion year and there are hefty fines if that year is missed.
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Old July 17th, 2014, 12:47 PM   #1647
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I hope the plans to restart in Q1 actually happen ( although why they could start them now) as Broofield are in danger of missing the boat again especially if the Pinnacle does restart this year as planned.

As I mentioned before they had a cleared site and could have got on with this ages ago and instead have allowed several smaller developers other schemes like Mitre square to catch up and Brookfield are in danger of losing potential tenants to buildings they know are actually getting built.
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Old July 17th, 2014, 01:34 PM   #1648
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yes. the city is now being flooded with mid-size grade A projects. the sort of company that would be an anchor tenant for 100 bishopsgate could easily be the sole tenant for one of those mid-size buildings - aldgate tower, moorgate exchange etc. quicker lead in time too.
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Old July 21st, 2014, 08:40 AM   #1649
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An article about speculative work on 100 BG from skyscraper news:

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Developer Brookfield, is considering progressing speculatively with the next stage of the 100 Bishopsgate skyscraper in the City of London in a bid to attract further interest on their high-rise scheme.

Presently the Allies and Morrison designed tower consists of a bare site where groundwork could commence if the developer were to get a pre-let. Now however Brookfield is said to be considering spending a further £50-£60 million on construction that might include the likes of foundation works and basement levels that the completed project would eventually stand upon. The big advantage of this would be to speed up the time of delivery if a pre-let were signed by anything from six months to a year.

There are a number of rival projects in the City of London all offering grade A space that are available for letting in the immediate future without the substantial lead-in time that 100 Bishopsgate requires. In addition to the obvious examples, the prominent skyscrapers, a group of medium sized projects such as Moorgate Exchange, Aldgate Tower and Mitre Square have all offered competition too.
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