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Old April 17th, 2004, 05:37 PM   #21
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It sounds like good news, I hope it will be as good or better than the one in Jersey City.
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Old April 17th, 2004, 06:44 PM   #22
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I hope it will be at least as good as EDF Tower
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Old May 2nd, 2004, 06:43 AM   #23
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Downtown Express

B.P.C.A. studying 800-foot tower on its last commercial site

April 30 - May 6, 2004

By Josh Rogers



The Battery Park City Authority is studying the environmental effects of building an 800-foot office tower to keep Goldman Sachs in New York City at the World Financial Center.

The 2.3-million-square-foot tower would be on the parking lot on West, Murray and Vesey Sts. The authority’s board on April 21 approved a draft environmental impact statement for the lot, known as Site 26. It is the last commercial development site in Battery Park City and over the years it has been used as a potential lure to keep various important institutions Downtown, such as the New York Stock Exchange.

Letitia Remauro, a spokesperson for the authority, said the building would not be bigger than the World Financial Center’s American Express building across the street.

The lengthy E.I.S. document specifically mentions Goldman Sachs as a potential tenant. Under the Goldman scenario, a large trading floor would be built with the offices at an estimated total cost of $1.28 billion. Under the all-office scenario, the building would still be 800 feet, but it could be constructed at a slightly more modest cost of $1.02 billion.



Although a proposed building of one third the size a few blocks away in Tribeca has triggered strong neighborhood opposition, the initial reaction of some neighborhood leaders was mostly positive.

Jeff Galloway and Tom Goodkind, two members of Community Board 1 who live nearby in Gateway Plaza, both said a tall building near other tall offices would not be a problem, particularly if it brought badly- needed retail to the neighborhood.

“You’ll never see me oppose a tall building in my neighborhood,” Goodkind said. “Contextually it seems to be what Battery Park City is all about.”

He said the main thing is building large sidewalks around the building to keep an open feeling in the neighborhood and having more retail on the street.

Galloway said he wanted to take a close look at the document’s shadow studies to see how the new building would affect places like the Battery Park City ballfields and the P.S../I.S. 89 schoolyard.

The proposed building would cause shadows on the fields particularly in the spring at the beginning of baseball season and in the fall during soccer season. The fields are closed from Thanksgiving to April, a period of time when there would be significant shadows. The E.I.S. also states that there are times, particularly in the summer, when shadows are welcome.

Galloway, who had just returned home from Little League practice, agreed that shadows are sometimes welcome because the sun can be an obstacle. “During certain times of the day the sun is in exactly the wrong place to play baseball,” said Galloway.

He and his fellow C.B. 1 members are expected to discuss the plan at a meeting ….

“Having Goldman Sachs in the World Financial Center is a good thing,” he said. “Having more workers to support better retail is a good thing.”

The investment bank is based at 85 Broad St., but has other offices in other Lower Manhattan and is reportedly looking to consolidate its operations. The bank is also building an office tower in Jersey City.

The Site 26 building would be completed in 2009, according to the environmental statement. It would have an underground employee parking lot. The draft E.I.S. does not include a study of an underground tour bus garage, which would require a slurry wall. The environmental study for the World Trade Center includes Site 26 as a possible bus garage location, although Galloway said he had heard that location seemed less and less likely.

Remauro said the authority didn’t include a bus garage in its study since the idea was already being studied by the Lower Manhattan Development Corp. Tim Carey, authority president and C.E.O., Kevin Rampe, Lower Manhattan Development Corp. president, and many neighborhood residents have said they would oppose a bus garage at Site 26 if it would mean buses lining up in Battery Park City to enter.

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Old May 2nd, 2004, 06:45 AM   #24
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243m is no small thing, yet just another scraper in NY!
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Old May 3rd, 2004, 12:37 AM   #25
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I sent this e-mail to the firm working on the project, let's see if they'll respond.

Hello to the staff at the Pei Cobb Freed & Partners
firm.

I'd like to request some information on the latest status
of the new proposed 800 foot Goldman Sachs Tower in
Lower Manhattan your firm is working on which would be
located on Site 26 across from the World Financial
Center.

Have any preliminary models, renderings or visuals
been released? Is it possible for the staff at the
firm to send me some visual image of the tower and it how
will look?

I'm a New Yorker very interested in NYC skyscrapers
and developments and this project is especially
exciting with regards to helping Lower
Manhattan rebuild after the 9/11 attacks.

Thanks for your response and help.

-Jack
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Old May 4th, 2004, 04:35 PM   #26
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cool..they usually come up with good designs.
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Old May 8th, 2004, 01:01 AM   #27
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Drawing is out!


Drawing by T. Kelly Wilson for Pei Cobb Freed & Partners Architects L.L.P
West St. side of proposed Goldman Sachs tower.


Downtown Expresss

Goldman Sachs unveils B.P.C. tower design

By Josh Rogers

Goldman Sachs’ plan to build an 800-foot headquarter building in Battery Park City is not a done deal yet, but the investment bank has hired a high-powered architect who has done drawings and animated renderings of the proposed tower.

The firm showed up to a Community Board 1 committee meeting Tuesday with about a dozen executives, architects, attorneys and other consultants to present preliminary drawings of the plan for Site 26, the parking lot that is immediately east of the Embassy Suites/Regal Cinemas hotel and movie theater and bounded by West, Murray and Vesey Sts. Architect Harry Cobb of Pei Cobb Freed & Partners said because the tallest part of the building is much more slender than would be permitted under the site’s proposed zoning, it will not cast as many shadows on the ballfields across the street as was suggested in recently released shadow studies for the site.

After Goldman approached the Battery Park City Authority several months ago, the authority began work on an environmental impact statement for two possible 800-foot buildings for the lot – one, a trading floor and office tower for Goldman, and the other just an office building. The authority’s shadow study assumes the building would be as large as possible under the proposed zoning change, which must be approved by the City Council, the City Planning Commission and the mayor.

Cobb and one his partners, George Miller, said there would be more sun on the west end of the fields in the spring and fall with the more slender building. Most of the fields, which opened last summer, would be covered in shadows by the afternoon on March 21 and Sept. 21 once the building is built. There will be less shadows on the fields during the summer, and in the winter when the fields are closed, there will be little sun on the fields.

Tim Carey, authority president and C.E.O., said the pesticide-free grass will have more than enough sun to grow. “We designed the ballfields so this building wouldn’t have an impact,” Carey told Downtown Express a day after the meeting.

He said the authority continues to negotiate with Goldman over the site. In Gov. George Pataki’s May 5 speech on Lower Manhattan, he cited the firm’s decision as one of the latest examples of progress after 9/11. “We called on businesses to keep their faith in Lower Manhattan and now Goldman Sachs, Cadwalader, Oppenheimer Funds, Fitch and HIP all have recommitted to Downtown,” Pataki said.

Later in the speech, he added that an agreement with the B.P.C.A., the city and Goldman needed to be completed. The city is likely to offer financial incentives if Goldman stays Downtown.

In the authority’s pending application to alter the zoning for the site, it would allow for a 300-car garage. Timur Galen, a managing director for Goldman, said if the firm built at Site 26 it would only build enough space for a very small number of cars. Carey said the authority is pursuing zoning for 300 cars in case the Goldman deal falls through. “We don’t want to put all of our eggs in one basket,” he said.

Anthony Notaro, chairperson of C.B. 1’s Battery Park City committee, said he was impressed with Cobb’s design, and was pleased that Goldmam is not planning a big garage since he thought it would only draw more traffic to a congested area.

[In last week’s issue, Downtown Express incorrectly reported that Site 26 was under consideration for a tour bus garage for the World Trade Center site. A bus garage for the site is no longer part of the W.T.C. environmental statement.]

As for the building, Cobb said it will have a 140-foot streetwall on all four sides, as is required by the proposed zoning. It will be mostly transparent glass and be built with a light-colored material, most likely stone or stainless steel, Cobb said.

I.M. Pei is also a partner in the Lower Manhattan architectural firm, which has also designed the Javits Convention Center and is working on an International Monetary Fund building in Washington D.C. Because of Goldman’s security concerns, the building will have similar exterior protections as the I.M.F., such as planters and benches surrounding the building, Cobb said.

He said because of the shape of the West St. highway, the building would be visible for miles to the north, all the way up to W. 23rd St., but from the south, it would not come into view until pedestrians reached the World Trade Center site.

Madelyn Wils, chairperson of C.B. 1, did not attend the meeting, but in a telephone interview, said she thought there should be a setback on the northern facade. She said because of an agreement with two firms headquartered just to the south, Merrill Lynch and American Express, the top part of the building is being pushed to the north.

“The building is very attractive on the west and south sides and not very attractive on the north and east,” Wils said.

The top of the western side of the building would be curved to fit in with its view of the Hudson River. While showing a view of his building from the North Cove marina, Cobb said, “here it is acknowledging its face to the water…. In a sense, it acknowledges the universe. It acknowledges infinite space.”

Galen told C.B. 1 members that a building on an undeveloped lot had a lot of appeal to Goldman because of a “control our fate kind of thing.”

Members expressed general support for the project, although there was concern about the building’s closed-off nature.

Jeff Galloway pointed out that the World Financial Center across the street has high-profile financial firms, yet the lobbies are open. “The financial center is open to the public,” said Galloway. “Merrill Lynch sits on top of it. American Express sits on top of it.”

Barry Skolnick, also a C.B. 1 member, said the proposed community conference center was not a big enough space, particularly compared with other B.P.C. buildings. “It’s the largest building, yet we don’t have anywhere near the community amenities that we have had in any of the other buildings,” he said.

The authority has placed a greater emphasis on public space in recent years and has set aside space for museums, a library and an indoor recreational center on its lots.

Galen said the conference room would be between 20,000 and 30,000 square feet and be open for community meetings in the evening. The walkway between the movie theater and Site 26 would have about 9,000 square feet of retail space and would not have entrances to the office’s interior.

The walkway would be about 30 feet wide at it narrowest point, roughly the same size as the main walking area is now, and would stretch to 50 feet at the south end leading to the W.F.C. On the west side of the building, Goldman would plant a double row of trees, build a staging area for 15 black cars, and leave enough room for the existing bikeway-jogging path.

Goldman would have seven traffic coordinators and dispatchers outside the building during peak car pick-up times. Delivery trucks would enter the building on the Murray St. side. “We don’t expect there will ever be queuing of trucks on the street,” Galen said.

He said about 7,000 to 8,000 workers would work in the building, expected to open by 2008 0r 2009 when Goldman’s largest Downtown leases at 85 Broad St. and One New York Plaza expire. About half would work on the first six trading floors. Under the authority’s draft environmental statement, the trading floor building would employ 11,000 workers, be about 2.3 million square feet, and cost $1.28 billion, but those numbers don’t take into account the changes Goldman has made.

Galen said the firm would also fully occupy its new 1.5-million-square-foot building in New Jersey.

Brookfield Properties Corp., owner of the W.F.C., maintains certain claims to the site, but Melissa Coley, a Brookfield spokesperson, said negotiations with the Battery Park City Authority were progressing well and Brookfield is not looking to block the project.

Community Board’s 1’s committee endorsed the zoning change for Site 26 and expressed support for the Goldman project, although it asked the firm to provide more public space in the plan.

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Old May 8th, 2004, 06:52 AM   #28
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So is this 243m tower going to be taller than the one in Jersey City?

It better be, because to give more prominence to a building you've built in an inferior satellite city to Manhattan is like a son calling himself older than his dad.


Anyways, simple but nice rendering! It could've been less boxy though and probably won't have the architectural distinction that the Jersey City one has according to the pic.
 
Old May 17th, 2004, 09:00 PM   #29
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Tribeca Trib

CB 1 Gets a First Look at New Goldman Sachs Tower




Goldman Sachs is hitting mostly green lights on the way to erecting an 800-foot tall tower at the corner of West and Vesey Streets.

The Battery Park City committee of Community Board 1 got a first look at renderings of the building in a presentation by lead architect Henry Cobb, of the high-profile Downtown firm Pei Cobb Freed and Partners.

The design, Cobb told the committee, will follow the contours of the street grid formed by Broadway, West Street, Vesey and Murray Streets. The west side of the building will curve to mirror the waterfront.

“It is shaped to express the quite radical difference in these two sides of the setting, in the city side on the east and the water side on the west,” Cobb explained.

The lower floors will occupy the full lot and house the firm’s trading floors. One hundred and forty feet up, the building will be set back 70 feet to a more slender tower. That design, Cobb, said would throw fewer shadows on the nearby ball fields than the generic building assessed in the required environmental impact statement.

On the West Street side, there will be a wide walkway lined with planters and a double row of trees, as well as the current bike path. On the west side, across from the movie theater, the plan is for a narrower sidewalk, sheltered by a glass canopy, and ground level retail stores.

The company encountered little opposition from the committee, which passed a resolution, by a vote of 3 to 1, with 1 abstention, to approve zoning rules that would make it possible to put the building on that site. The full board is to vote on the resolution on May 18.

The lot, known as Site 26, which is currently a parking lot, will likely have the last non-residential development in Battery Park City.

“I really am impressed by your design,” said committee chairman Anthony Notaro.

But committee members did have some concerns, especially the lack of a substantial community space, a common tradeoff for large-scale commercial development abutting a residential community. Galen said a large ground floor conference room would be available for community use by arrangement during non-business hours, but because of security it is not possible to have more public access.

“I would offer an alternative, which is cash,” said Jeff Galloway, community board member. Notaro said they will be asking Goldman Sachs to work with the community board and the Battery Park City Authority to explore what contribution the company can make to a community amenity.

The prospect of lines of parked limousines and increased traffic also sparked some questions from committee members. The changes in zoning rules will allow for a 300 car underground parking garage, which committee members said will add to already serious traffic congestion. Timur Galen, a Goldman Sachs managing director, told them that the company does not plan to have more than about 15 parking spaces and expects that most of the expected roughly 8,000 employees will use mass transit. The parking changes were necessary, Battery Park City Authority officials said, to make the site attractive to another developer in the event the deal falls through with Goldman.

Galen assured the committee that special curbside parking, or “layby,” carved into the West Street side of the site will provide sufficient space for black cars to line up and that they will be carefully controlled by Goldman

Sachs to avoid spillover onto Vesey and Murray Street.

Site 26 had been considered the probable location for an underground bus parking lot for tourists coming to the future World Trade Center memorial and the rebuilt World Trade Center site. That parking will now likely be underground on Liberty Street where the soon to be demolished Deutsche Bank building now stands.








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Old June 16th, 2004, 04:58 AM   #30
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Does Goldman Sachs have a lot of extra money or something because they just finished their Jersey City tower and now their building this!! Nice looking tower, but what happens to the JC tower??
 
Old June 17th, 2004, 10:43 PM   #31
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First major NON New World Trade Center building in the Financial District!!! GOOD News!! I know the Ritz Carlton Battery Park was built but its under 500 feet.
800 ft is tall, but only 976 foot shorter than Freedom Tower!!
 
Old June 18th, 2004, 06:14 AM   #32
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Quote:
Originally Posted by detroitboy04
Does Goldman Sachs have a lot of extra money or something because they just finished their Jersey City tower and now their building this!! Nice looking tower, but what happens to the JC tower??
They're going to relocate some workers there, but last I heard was that they were having a hard time filling it up and there were actually plans to build condos in the JC one.

But, here's a sentence about what will happen to the JC tower from one of the articles posted above...

Quote:
Galen said the firm would also fully occupy its new 1.5-million-square-foot building in New Jersey.
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Old June 18th, 2004, 06:17 AM   #33
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Whats on the site now?
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Old June 18th, 2004, 06:26 AM   #34
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Quote:
Originally Posted by RafflesCity
Whats on the site now?
It's a parking lot at the moment, this picture might give an idea:

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Old June 18th, 2004, 06:29 AM   #35
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ooh..so construction should start faster if needed.
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Old June 18th, 2004, 06:35 AM   #36
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Quote:
Originally Posted by RafflesCity
ooh..so construction should start faster if needed.
Well, it depends.

If they decide to put the underground tour bus parking garage at the site then it could take longer since a slurry wall would then be required. This site (26C), has been proposed as a possible location for underground tour bus parking for the buses that would visit/bring people to the World Trade Center site everyday.

Here's an excerpt from the article:

Quote:
The Site 26 building would be completed in 2009, according to the environmental statement. It would have an underground employee parking lot. The draft E.I.S. does not include a study of an underground tour bus garage, which would require a slurry wall. The environmental study for the World Trade Center includes Site 26 as a possible bus garage location, although Galloway said he had heard that location seemed less and less likely.
However the latest article says that the parking garage is unlikely to go on this site 26C but would most probably go on the Deustche Bank building site after the demolition is completed...

Quote:
Site 26 had been considered the probable location for an underground bus parking lot for tourists coming to the future World Trade Center memorial and the rebuilt World Trade Center site. That parking will now likely be underground on Liberty Street where the soon to be demolished Deutsche Bank building now stands.
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Old June 19th, 2004, 07:05 AM   #37
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Quote:
Originally Posted by detroitboy04
800 ft is tall, but only 976 foot shorter than Freedom Tower!!


"Only" 976 feet shorter?


That doesn't even reach the mid-drift
 
Old June 19th, 2004, 08:03 AM   #38
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Quote:
Originally Posted by PHLguy
"Only" 976 feet shorter?


That doesn't even reach the mid-drift
LOL That's true
 
Old August 20th, 2004, 07:21 AM   #39
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Bloomberg News

Goldman Sachs Gets $1 Bln in Liberty Bonds for Manhattan Office

Aug. 19 (Bloomberg) -- Goldman Sachs Group Inc., the third- biggest securities firm by capital, will use $1 billion in tax- exempt Liberty bonds to help finance a new $1.8 billion 40-story headquarters in Battery Park City in lower Manhattan.

The board of the New York State Liberty Development Corporation, gave preliminary approval today to sell the bonds as early as November, said Deborah Wetzel, a corporation spokeswoman.

Construction of the 1.9 million-square-foot building, near the World Financial Center, is expected to be completed by 2009 and will be the first new headquarters building downtown in 16 years.

``Today's commitment by Goldman Sachs to invest nearly $2 billion and create thousands of jobs at Battery Park City marks another major step forward in our efforts to revitalize and bring jobs back to Lower Manhattan,'' Governor George Pataki said in a statement.

Goldman, which will also house its investment banking and trading operations at the new building, committed to keeping its city employment equal to its current total of 9,178 when it occupies the building. The firm projects it will create 4,000 jobs by 2019.

Goldman plans to sell the 30-year bonds to one or more private institutional investors, Wetzel said. The bonds, guaranteed by Goldman, are expected to pay interest of 5.28 percent, Wetzel said.

Incentive

Liberty Bonds were part of a U.S. economic package to help the city recover from the World Trade Center attack by providing developers access to cheaper financing. Developers don't have to pay as high an interest rate to attract investors because the bonds generate income free of taxes.

The federal program allows $8 billion of tax-exempt bonds to be sold for rebuilding and development projects in New York City, primarily in a so-called Liberty Zone south of Canal Street, East Broadway and Grand Street in Manhattan.

So far, the New York State and New York City have allocated $1.3 billion of the $1.6 billion Liberty bonds available for housing.

Commercial developers have been slower to use the tax-exempt financing. Of $6.4 billion in Liberty Bonds allocated to commercial construction, the state and city have approved $1.5 billion for 10 projects.
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Old August 20th, 2004, 09:00 PM   #40
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that site must have been EXTREMELY expensive to acquire
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