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Old February 16th, 2010, 11:03 PM   #21
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Quote:
Originally Posted by kingsc View Post
its a nice look building but I don't really care for anything shorter then 700 feet in manhattan.
well i'll stick to 656ft (=200m)! but sometimes there are exceptions when a tower is looking very cool.
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Old February 27th, 2010, 07:24 PM   #22
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icy...

pdstahl


image hosted on flickr



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Old March 16th, 2010, 05:00 PM   #23
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found by NYGuy, SSP

http://www.nypost.com/p/news/busines...LyQaF8gyVyURVK

By STEVE CUOZZO
March 16, 2010

Quote:
Extell now has commitments for 100,000 square feet of its eagerly awaited International Gem Tower at 44 W. 47th St.

Raizy Haas, Extell's senior development vice president, said that between 50,000 and 75,000 additional square feet are in negotiation.

Meanwhile, she said, "We'll be out on the street in the next few months bidding out work to the major trades -- steel, concrete and elevators."

The 34-story project, conceived by Extell chief Gary Barnett and designed by Skidmore Owings & Merrill, would provide a state-of-the-art new home for an industry that's still clustered in antiquated warrens and workshops.

All of the tower's roughly 550,000 square feet devoted to the gem business are for sale as condominiums.

We reported in January that the Gemological Institute of America is buying a floor. Since then, several Israeli companies have signed up.
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Old March 18th, 2010, 01:03 AM   #24
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It seems coming directly from the 1960s! hehe, but I like it.
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Old March 18th, 2010, 01:30 AM   #25
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This tower could the easily be the tallest in Brooklyn, it won't even make it into the top 50's in Manhattan and that's to bad cus its pretty nice.
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Old March 19th, 2010, 03:10 AM   #26
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Quote:
Originally Posted by JoseRodolfo View Post
It seems coming directly from the 1960s! hehe, but I like it.




We have obviously seen 2 different '60s, because a facade like this one makes most skyscrapers built in this decade look outdated. Please bring some examples of buildings built in the 60's that look more modern, because I'm seriously curious.

If we want to compare maybe with something built in the 60's to which you can relate to, look at the original buildings built in Brasilia (where many were finished during the 60's). I seriously would even be embarrassed to compare...


As for the building: once it is built, we will need to see pictures of it when the sun shines on it, it will probably be amazing.
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Old March 19th, 2010, 05:14 AM   #27
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Quote:
Originally Posted by romanamerican View Post

We have obviously seen 2 different '60s, because a facade like this one makes most skyscrapers built in this decade look outdated. Please bring some examples of buildings built in the 60's that look more modern, because I'm seriously curious.

If we want to compare maybe with something built in the 60's to which you can relate to, look at the original buildings built in Brasilia (where many were finished during the 60's). I seriously would even be embarrassed to compare...


As for the building: once it is built, we will need to see pictures of it when the sun shines on it, it will probably be amazing.
Here some examples, not exatly from the 1960s.
I was talking about buildings like these:



Paris, mostly from the 1970s











Socony-Mobil Building on 42nd Street, NY - 1956





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Wilton Paes de Almeida building - São Paulo, Brasil - 1965


Back façade
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Old March 19th, 2010, 08:00 PM   #28
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The only thing is that facade technology was quite primitive then compared to now... the designs may be similar but the performance and the maintainability of the glazing is miles better and probably closer to the 60's designers' intentions...
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Old March 21st, 2010, 06:31 PM   #29
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The only thing is that facade technology was quite primitive then compared to now... the designs may be similar but the performance and the maintainability of the glazing is miles better and probably closer to the 60's designers' intentions...
Certainly.
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Old March 25th, 2010, 05:22 AM   #30
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took this shot 4 hours ago -



^ There's another steel column in front of the crane.
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Old March 25th, 2010, 04:38 PM   #31
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thx for the update, the site is busy - a good sign.
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Old March 27th, 2010, 11:15 PM   #32
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Love the design! Congrats NYC!
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Old March 28th, 2010, 04:58 AM   #33
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Quote:
Originally Posted by JoseRodolfo View Post
Here some examples, not exatly from the 1960s.
I was talking about buildings like these:



Paris, mostly from the 1970s
HAHAHA omg, if you are seriously comparing those facades with this one, the conversation is stopping here, it's not even funny anymore. It would be like discussing just how beautiful a sunny day is, with a blind man. Insulting.
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Old June 2nd, 2010, 04:17 PM   #34
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http://www.nationaljewelernetwork.co...e75e9c5d23b311

NYC gem tower now foreign trade zone approved

June 01, 2010

Quote:
The U.S. Department of Commerce has approved the new International Gem Tower in New York's Diamond District as a foreign trade zone (FTZ), the agency announced late last week.

The designation means that business tenants in the tower, which is still under construction, will be able to import foreign merchandise without customs entry or the payment of U.S. duties until the goods are sold. No duty will be payable on re-exported goods.

In a press release, Raizy Haas, senior vice president of tower developer Extell Development Co., said the approval of FTZ status is another key milestone in the progress of the tower, a 34-story commercial condominium designed specifically for the diamond, gem and jewelry trade.

"In 2012, New York will finally have a modern industry building to house the trade," he said. "And in addition to the beautiful design and technical innovation, we are focused on providing the services and amenities that drive value for our buyers."

Located at 50 W. 47 St. between Fifth and Sixth Avenues, the International Gem Tower is slated for completion in late 2012. More than 100,000 square feet of space has already been committed to various jewelry companies.

According to the release, the below-grade concrete and metal deck work is nearing completion at the construction site. Work is slated to soon begin on the utilities and slab on grade work and will take about three months.

The tower's development and sales teams will be at the upcoming Las Vegas Market Week shows, including at Couture 2010, Suite TS3 in the Diamond Pavilion, and at JCK Las Vegas, Booth L61.
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Old June 22nd, 2010, 02:05 PM   #35
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http://online.wsj.com/article/SB1000...rk_real_estate

Office Developer Looks to Renegotiate Contracts

By ANTON TROIANOVSKI
June 21, 2010

Quote:
Labor costs have come down so far that the developer of a new Diamond District office tower is putting some work on ice to renegotiate construction contracts.

"We are out on the street trying to rebid all of the major trades," Raizy Haas, who's in charge of the International Gem Tower project for developer Extell Development Co., said last week. "The savings on construction will far outweigh the delays of a couple months."

Ms. Haas is also touting some good news for the project: It was approved last month as a U.S. Foreign Trade Zone. The designation eliminates customs duties for items imported into and then exported out of the zone—an attractive proposition for the jewelry companies to which Extell is catering. The tower would become the only active foreign trade zone in Manhattan, a spokesman for the New York City Economic Development Corp. said.

The 35-story tower, being marketed as an office condominium project, is now slated to be completed by the end of 2012, Ms. Haas said.
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Old June 24th, 2010, 01:43 PM   #36
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http://www.crainsnewyork.com/article...TATE/100629926

NY set to announce loan program for Gem Tower
Empire State Development Corp. aims to help jewelers with financing so they can buy condos in the 34-story building on West 47th Street.


By Theresa Agovino
June 23, 2010


Quote:
The Empire State Development Corp. is expected to announce on Thursday a loan program to help jewelry companies buy condos in the International Gem Tower, which is being developed by Gary Barnett, sources familiar with the plan said.

Mr. Barnett, a former diamond dealer, began building the 34-story building on West 47th Street in 2009, with an eye towards modernizing the city's diamond district. He will receive tax breaks worth up to $49.6 million from the city and state if 85% of the tower is filled with new or expanding jewelry businesses, according to an article in The New York Times.

However, the loan program is geared towards would-be buyers. Sources say it is not a new program but one that has been dormant for years. Calls to the ESDC and Mr. Barnett were not returned.

Earlier this month, the U.S. Department of Commerce approved the building as a Foreign Trade Zone, published reports said. That means businesses in the tower will be permitted to import foreign merchandise without customs entry or payment of U.S. duties until the goods are sold.
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Old October 12th, 2010, 04:58 PM   #37
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http://www.nypost.com/p/news/busines...by3Tx6LyHhdruO

By STEVE CUOZZO
October 12, 2010



Quote:
Extell's Gem Tower on West 47th Street has long been our favorite project to watch.

This column first carried an image of the diamond facet-inspired design, first reported that most of its 750,000 square feet would be sold as condos and first identified major space-buyers like the Gemological Institute of America.

But it's been slower in coming than Extell Chief Gary Barnett promised. Now the mid-block site has been built up to street level and a few steel columns are poking above it.

It's widely suggested that Extell needs commitments for a certain amount of space before it can land a construction loan. But the company has been coy about exactly how much.

Now, Diamond District Monthly says a contract with importer/manufacturer House of Diamonds has boosted the commitments to "about 150,000 of the 200,000 square feet Extell needs to secure construction financing."

Since Extell development director Raizy Haas sits on the board of the 47th Street BID, which publishes the monthly, that seemed authoritative.

Was it?

"It's accurate in the sense that we're getting closer to the number we need," said Haas, who was recouping her energy between returning from London the day before and setting off on a condo-buyer search to Mumbai.

"But," she emphasized, "we're not going to wait for 200,000 feet and for a construction loan to proceed. At the 200,000 foot-mark, we can get a loan more easily. We want our banks to feel comfortable.

She added, however, that "our [Mideast] partners are funding the project, and we'll start going vertical right after the first of the year with or without a construction loan."

That sounded like what Barnett told us in August about Extell's huge Carnegie Tower on West 57th Street, when we chided him that it didn't seem to be "going vertical" as he'd said three months earlier.

But a tower crane has since appeared on 57th Street. "We're pouring concrete there," Haas said.

Another tower crane looms over the 47th Street site. If the work underway presages full-bore construction, rival developers resentful of Barnett's seeming ability to shrug off the financing woes that crippled their own projects will soon have even more to be annoyed over.
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Old October 13th, 2010, 02:01 AM   #38
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Great news! I completely forgot about this one. Very exciting.
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Old October 13th, 2010, 03:08 AM   #39
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Article from Curbed.com

Extell Bringing Bling to Midtown in 2011
Tuesday, October 12, 2010, by Joey Arak

Quote:
All eyes are on Extell's rising colossus on 57th Street, but Steve Cuozzo is aiming a sideways glance at the Diamond District in Midtown, where Extell's planned International Gem Tower was reportedly all systems go. The 32-story office condominium, designed by SOM to sport a diamond-like pattern on its facade, has yet to climb out of 47th Street, though the foundation has been complete for some time and all sorts of tax incentives are being dangled. Cuozzo reports that Extell needs commitments for 200,000 square feet of space to get bank financing to build the tower, and the company is currently a bit shy of that mark. But no matter, Extell now says they'll go vertical at the start of 2011 whether the banks are on board or not. How? By tapping into the same well of Middle East money that's getting Carnegie 57 built. Like the old saying goes, diamonds are a wealthy foreign nation's best friend.
· Reality Check [NYP, second item]
· International Gem Tower coverage [Curbed]
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Old November 24th, 2010, 05:21 PM   #40
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NY Post

Quote:

Diamond tower war brewing


Last Updated: 1:54 AM, November 23, 2010
Steve Cuozzo

REALTY CHECK
Most every week, there's "news" about Extell's International Gem Tower on West 47th Street.

Most recently, the project has been approved as a Foreign Trade Zone by the US Dept. of Commerce, which will allow companies based there to enjoy deferred, reduced or eliminated customs duty on imported goods.

But the news many architectural buffs really want -- that the crystalline, 34-story tower is soaring skyward -- is on hold until hopefully soon after Jan. 1, when Extell says it will "go vertical."

Meanwhile, an address with a much lower media profile, 580 Fifth Ave. at the 47th Street corner, persists in its belief that it's the center of the global diamond trade.

It might seem like a mismatch: a 1920s-vintage rental property owned by a local partnership, versus powerful Extell's ultra-sophisticated 47th Street tower between Fifth and Sixth avenues that's being marketed as condos.

But 580 Fifth's 400,000 square feet are 95 percent leased, while the Gem Tower's 750,000 square feet remain frozen at sidewalk level. In its condo filing with the state attorney general in January 2009, Extell said its tower would be "substantially complete" by October 2010.

And 580 Fifth, also 34 stories tall, carries the trademarked name World Diamond Tower. "Anywhere in the world, if you're in the industry, you just say '580' -- they know it's the diamond tower," said Ken Kahn, a part-owner who is also one of the building's executive managers.

Tenants include the Diamond Club trading bourse and prominent dealer Julius Klein. Asking rents are "in the $50s a square foot," said Kahn, who adds with a chuckle, "I can't tell you that's what you sign leases for."

Kahn's sense of humor comes in handy. Some of his major tenants have signed contracts with Extell chief Gary Barnett to move to the Gem Tower. Among them: the Gemological Institute of America, which has a contract to buy a full floor. "Six of their buyers with letters of intent are from our building," Kahn acknowledged. What happens when the Gem Tower finally opens? He shook his head. "We'll just have to re-rent," he said confidently.

His building is unlike most others in the district.

Neither weather-beaten outside nor run-down inside, its $50 million in recent capital improvements include new elevators, new floors of Brazilian marble, and, next year, a marquee entrance. Its retail space is fully leased. It makes no claim to matching the Gem Tower's 21st Century allure. But Kahn said the "virtual diamond city" of 580 Fifth is ideal for his tenants.

Diamond buyers, stone cutters, wholesalers, security firms and shippers all rely on one another's services -- "everything from receiving rough stones out of the mines to manufacturing jewelry that will be sold to Tiffany," he said. A basement vault is guarded by a 22-ton door. Kahn boasts a close relationship with tenants -- such as creating a central diamond- cutting shop for use by the whole build ing.

Kahn not surprisingly is skeptical about the Gem Tower's promise of luring diamond companies from all over the world, which was partly the basis for tax abatements the project received (and which Kahn opposed in city hearings). "Gary's application to the city was based on adding thousands of jobs. It's not going to happen," he predicted. "They're not bringing jobs in from China and India."

In fact, Extell's commitments for nearly 200,000 square feet include a few foreign firms, including two from India. It's going to be an interesting year ahead on the diamond block.

Quote:
OLD & NEW: The current World Diamond Tower at 580 Fifth Ave., which was built in the 1920s, spent $50 million on capital improvements as it waits for Extell’s International Gem Tower (above) to open.
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