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Supertalls Discussions of projects under construction between 300-599m/1,000-1,999ft tall.
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Old August 7th, 2014, 01:41 AM   #4781
Ghostface79
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It's fair to assume this tower is financed. Now let's hope for more pleasant surprises.
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Old August 7th, 2014, 02:17 AM   #4782
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Quote:
Originally Posted by Vertical_Gotham View Post
Does this mean Extell has secured financing??

Extell, Art Students League finalize $31M air rights deal http://therealdeal.com/blog/2014/08/....1NpDacyt.dpuf

D
Yes! The Tower of Babel clearly is funded!
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Old August 7th, 2014, 10:00 AM   #4783
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I do have to say though if I were Extell I would have upped the settlement to 100 mil... 31.5 mil seems pretty lowball for a project of this size. Good to hear though they can proceed soon.
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Old August 7th, 2014, 05:02 PM   #4784
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VG you little sleuth...

I don't think I had heard that the ASL vote passed 6-1. Talk about a landslide.
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Old August 9th, 2014, 08:36 PM   #4785
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Quote:
Originally Posted by citybooster View Post
I do have to say though if I were Extell I would have upped the settlement to 100 mil... 31.5 mil seems pretty lowball for a project of this size. Good to hear though they can proceed soon.
So you would have paid a 100 million when 31.5 would have been enough?
That's 68.5 mil out of the window for nothing.
Good thinking!
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Old August 10th, 2014, 10:17 AM   #4786
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Originally Posted by generalscarr View Post
So you would have paid a 100 million when 31.5 would have been enough?
That's 68.5 mil out of the window for nothing.
Good thinking!
31.5 million for this property is chump change. While the case was dismissed and asking for 400 mil would have been out of the question, yes I would have done 100 mil, intead of lowballing the Arts Student Center. Good community relations IS good business and a more generous settlement is something had I been in the position not had a problem with. Remember, the people involved in the suit were asking for four times as much.

If you think maximum profits at any expense is the way to do business, that's your prerogative. I was just basically thinking out loud a "what if" scenario. It's Extell's money and those cheapasses can offer as much or little as they want.
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Old August 10th, 2014, 05:14 PM   #4787
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http://headlinesamerica.com/nordstro...lest-residence
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Old August 10th, 2014, 09:02 PM   #4788
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Re: the $31.5 million figure, there was a detailed study by a consultant that came up with that figure. I think it's linked somewhere in this thread.

[EDIT: the study is part of the document linked below. The cantilever alone was valued at $28 million. The study starts on page 31 (on the document itself), and concludes on page 39]:

http://theartstudentsleague.org/Link...g%3D&tabid=396


Note: the document assumes an additional $37 million in construction costs due to the cantilever, offset by an increase in price per square foot from $5,600 to $6,000.



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Old August 12th, 2014, 12:56 AM   #4789
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11th of August, 2014





http://headlinesamerica.com/nordstro...lest-residence
Nordstrom Tower on 57th St. will be world's tallest residence
Posted by headlinesamerica on July 10, 2014

"....Drawings of the project were first published Wednesday by New York YIMBY blog, a pro-development site whose name is a positive twist on the “Not in my back yard” acronym. Barnett’s Extell Development cautioned that the schematics were not final."
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Old August 12th, 2014, 07:00 AM   #4790
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This is going to be so awesome. Hopefully it will be completed before the next residential bubble bursts. I would love to see a new tallest building in America, it would be the first in my lifetime.
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Old August 13th, 2014, 02:11 AM   #4791
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You know One World Trade Center will be the new tallest building in America sometime at the end of this year or the beginning of the next, right?
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Old August 13th, 2014, 02:23 AM   #4792
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Not to start a whole roof height debate, but when I look at this diagram, it's pretty obvious to me which one should be considered taller, and it's not the one on the left:

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Old August 13th, 2014, 02:25 AM   #4793
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Okay. Understood.
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Old August 13th, 2014, 03:22 AM   #4794
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They should raise the antenna/pinnacle/spire/whatever it's called 2 feet to make it 1,777 feet. lol

Then this will be the undisputed king of the world (besides Asia).

Edit: Never mind, there's the Lakhta Center of Russia at 1,517 feet. That's higher than 1,479/1,490 feet...

But close enough
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Old August 13th, 2014, 04:44 AM   #4795
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Very nice to see our nation rising again, wish media would cover the new skyscraper boom and its effects on the economy positively, and possible also some negative side effects, high amounts of supertalls have historically been a sign of a real estate and investment bubble about to collapse http://en.wikipedia.org/wiki/Skyscraper_Index would be terrible to see two bursts in under 20 years.

Also, do you think anyone would make a building in NY higher than the WTC, since the WTC signifies rebuilding after 9/11 im sure many new yorkers might not want a taller building to overshadow its significance which could be why this is only 1775?
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Old August 13th, 2014, 06:03 AM   #4796
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Babybackribs said that this building won't remain the tallest residential in the world for long if his sources are right. This means that something in New York has a good chance of surpassing the WYC. And it will be residential. On the other hand Gary might take the opportunity to hold the total of tallest building in the western hemisphere. we have been told that the leaked schematics are not accurate or final along with the fact that new DOB filings indicate the building to be taller.
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Old August 13th, 2014, 06:06 AM   #4797
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Quote:
Originally Posted by (: View Post
Babybackribs said that this building won't remain the tallest residential in the world for long if his sources are right. This means that something in New York has a good chance of surpassing the WYC. And it will be residential. On the other hand Gary might take the opportunity to hold the total of tallest building in the western hemisphere. we have been told that the leaked schematics are not accurate or final along with the fact that new DOB filings indicate the building to be taller.
If you can find the quote from Babybackribs can you link it please?
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Old August 13th, 2014, 06:13 AM   #4798
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Quote:
Originally Posted by randomperson2 View Post
Very nice to see our nation rising again, wish media would cover the new skyscraper boom and its effects on the economy positively, and possible also some negative side effects, high amounts of supertalls have historically been a sign of a real estate and investment bubble about to collapse http://en.wikipedia.org/wiki/Skyscraper_Index would be terrible to see two bursts in under 20 years.

Also, do you think anyone would make a building in NY higher than the WTC, since the WTC signifies rebuilding after 9/11 im sure many new yorkers might not want a taller building to overshadow its significance which could be why this is only 1775?
I think that thesis literally means the tallest building in that world being constructed at the time. This happened with the Chrysler building in nyc and the burj khalifa for example. A city just building taller buildings than before though is different criteria. Now if NY were to build the worlds next tallest building again, which it most likely won't, then I would worry about economic trouble coming.
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Old August 13th, 2014, 06:21 AM   #4799
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Quote:
Originally Posted by babybackribs2314 View Post
If my sources are correct this may not be the tallest residential tower for long.
By this I think he ment Shvo's infamous 100 story central park tower. But their could be others
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Old August 14th, 2014, 11:33 AM   #4800
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Wow, it's as tall as 1WTC.
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217 west 57th street, 225 west 57th street, central park south, cps, extell, new york, nordstrom tower, nyc, supertall

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