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Old July 10th, 2014, 02:50 AM   #261
MarshallKnight
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Quote:
Originally Posted by GiacomoPuccini View Post
Shvo keeps stressing that his site has no height limits. I can see a 475m+ tower rising here.
But doesn't this site only have 300,000 sq. ft. of buildable space? Am I missing something?

Let's say, conservatively, a ~1500 ft. tower has 80 floors -- that's an average floorplate of 3750 sq. ft. Even 111 W. 57th isn't that skinny.
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Old July 10th, 2014, 02:58 AM   #262
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Originally Posted by Funkyskunk2 View Post
Sure but taller than 1wtc?! I expect a bit south of park lane. Billionaires clearly want views of central park and there are plenty of large assembleges to be made.
During the nineties there were several proposals that were significantly taller than the original towers downtown. l believe Trump had a proposal in the Wall street area.
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Old July 10th, 2014, 05:14 AM   #263
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Delete... goodbye for a while
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Old July 10th, 2014, 06:31 AM   #264
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Quote:
Originally Posted by GiacomoPuccini View Post
Shvo keeps stressing that his site has no height limits. I can see a 475m+ tower rising here.
I agree!

Quote:
Originally Posted by Vertical_Gotham View Post
@SerenShvo The best is yet to come! #shvo

Now that we kind of gotten the Nordstrom out of the way, 22 Thames and the $3.2 B Hudson Spire has moved up on my list as highly anticipated to see what is in store. I think both of these projects could be pretty special.
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Old July 10th, 2014, 06:38 AM   #265
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Quote:
Originally Posted by MarshallKnight View Post
But doesn't this site only have 300,000 sq. ft. of buildable space? Am I missing something? Let's say, conservatively, a ~1500 ft. tower has 80 floors -- that's an average floorplate of 3750 sq. ft. Even 111 W. 57th isn't that skinny.
22 Thames has 360 k sf vs Steinway's' 315 k sf. A taller Steinway like tower is possible and would be ultra exclusive for downtown. Maybe there are some extra air right to be had as well?

Another scenario that had been brought up by Lord Wellesly is that Chetrit owns an adjacent site and a possible partnership could be made to combine and build a taller / heftier tower.
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Old July 10th, 2014, 06:45 AM   #266
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Quote:
Originally Posted by wilfred267 View Post
l believe Trump had a proposal in the Wall street area.
Interesting. Had to look it up. Credits to Hudson11 in the fantastic Unbuilt New York thread: the NYSE (or not, see curbed thread below) tower, 1WTCs big brother at 1792 feet to the roof:



(original post, curbed discussion, skyscraperpage)
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Old July 10th, 2014, 06:47 AM   #267
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Originally Posted by WillBuild View Post
Interesting. Had to look it up. Credits to Hudson11 in the fantastic Unbuilt New York thread: the NYSE tower, 1WTCs big brother, 1792 feet to the roof: (original post, skyscraperpage)
I would have loved that!! I also think that would have looked good in midtown. For example, at the Vanderbilt site.
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Old July 10th, 2014, 11:31 AM   #268
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So this one has the potential to go 400m+?
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Old July 11th, 2014, 12:13 AM   #269
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400+ meters right across the street from WTC? That would be crazy!!
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Old July 11th, 2014, 05:13 PM   #270
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Excuse me if this sounds stupid, but why do the renders keep showing a glass box with a thin stripe? That's not how the tower is going to look, is it?

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Old July 11th, 2014, 05:20 PM   #271
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Render got changed due to new ownership from Fisher Bros. and Steven Witkoff to Shvo. The new design hasn't been announced.
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Old July 11th, 2014, 05:30 PM   #272
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Read. @ post #270
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Old July 11th, 2014, 05:35 PM   #273
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Quote:
Originally Posted by Manitopiaaa View Post
Render got changed due to new ownership from Fisher Bros. and Steven Witkoff to Shvo. The new design hasn't been announced.
Whew. I had a feeling this tower was to change its design with the height increase.
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Old July 12th, 2014, 12:12 AM   #274
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God knows we've had enough fun with the puns on his last name but in a way I'm glad he took over buying the property because while tasteful and nice enough the old design was certainly no Shvo stopper!
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Old August 29th, 2014, 11:04 PM   #275
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Shvo closes on 125 Greenwich condo project valued at $240M

http://therealdeal.com/blog/2014/08/...alued-at-240m/

Quote:
Developer Michael Shvo partnered with an array of local and global investors to arrange $240 million of equity and debt for the acquisition and development of a site at 125 Greenwich Street where he plans to build a soaring condominium tower. The complex deal closed today.

Shvo brought on David Bizzi’s firm Bizzi & Partners as co-developer, and obtained additional equity from Howard Lorber’s investment company New Valley as well as an unidentified Chinese public company. The total equity investment for the Lower Manhattan project is approximately $70 million.

A Singapore bank along with an Indian private equity firm provided $170 million in debt, sources told The Real Deal.

A partnership of Fisher Brothers and the Witkoff Group sold the site to Shvo for $185 million, slightly higher than the price previously reported. That deal was brokered by HFF’s Andrew Scandalios.

Howard Michaels’ Carlton Group brokered the debt and equity financing. Michaels and Shvo declined to comment.

Where Fisher and Witkoff planned to build a 956-foot tall rental tower with 359,130 square feet, Shvo is planning to take that same building size but stretch it taller, sources told TRD. One insider explained that as a condo tower, the ceiling heights would be taller, thus increasing the overall height on the site that has no height restriction.

The site is at the corner of Greenwich and Thames streets. Lower Manhattan is undergoing a long-anticipated transformation from a mostly financial office district to a residential, retail and tourist neighborhood, as well.

The site is three blocks south of the World Trade Center site. As just one sign of the changes, retail-focused investor Thor Equities paid $31 million for three retail condo units across the street at 120 Greenwich Avenue. Shvo in partnership with Victor Homes recently broke ground on the so-called Getty gas station parcel at 239 10th Avenue in Chelsea; and construction is expected to begin early next year on the largest residential project in Soho, at 100 Varick Street, where his partners are Erez Itzhaki, Halpern Real Estate Ventures, Bizzi & Partners and Aronov Development.
I'm curious if 125 Greenwich reflects an address change or just the current address of the project.

Last edited by Ghostface79; August 29th, 2014 at 11:26 PM.
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