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Old August 12th, 2016, 04:42 AM   #7281
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Quote:
Originally Posted by Ghostface79 View Post
According to Curbed, sales will start in the fall

Central Park Tower's condos will hit the market this year
http://ny.curbed.com/2016/8/11/12443...c-sales-update
Great news! I wonder if this will put pressure on JDS to change their stance and push their sales up. If they don't I worry that 111 W 57th may be the one to go on hold, as CPT snaps up the highest-end buyers left in the market.
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Old August 12th, 2016, 04:57 AM   #7282
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I'm also curious how that will turn out but I don't see a scenario where 111W57 would get on hold. The tower is already financed and I'm sure the lenders would be quite unhappy with that tower being pushed back.
I'm not sure there would be any benefits to that either. At this point, might as well build it and for JDS to do its best sales job.
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Old August 12th, 2016, 05:53 AM   #7283
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This is getting OT on the wrong tower, but this article mentions the construction loan for 111. It says the loan "expires" in four years. Is expire just another term for comes due? Wouldn't they have to get the tower finished and close all the sales to pay it back by 2019 then?

http://therealdeal.com/2015/06/30/jd...-west-57th-st/

"...The combined loan expires in four years, which gives JDS and Property Markets time to sell the 60-unit building’s condos..."

Noteworthy is they closed on it little over a year ago. Who knows maybe they refinanced the deal behind the scenes or something. Things about 111 are just fishy.
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Old August 13th, 2016, 12:33 AM   #7284
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With 3 years left before they have to start repaying the loan, that doesn't give JDS any other options but to start selling some units. My guess is even if they are not able to reach their sales goals, the ability to prove that the project is moving in the right direction would allow them to refinance.
But either way, it comes back to the fact they don't have much options besides moving forward with the tower at this point.
Anyway, that's too much OT on 111W57. Sorry CP Tower.
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Old August 13th, 2016, 12:53 AM   #7285
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I think it's fair to discuss all the other Billionaires Row towers here -- they're all inter-related in so many ways. But whatever happens a block over at Steinway, I have to admit this is a pretty brash move by Extell. It seems they're really feeling on top of the world.
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Old August 13th, 2016, 03:31 PM   #7286
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I think they also don't want to compete with Steinway for the same buyers.
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Old August 13th, 2016, 03:55 PM   #7287
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131 stories, even if they are inflated, that is still huuuuge. Bring back the spire and make this tower 1775 again!
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Old August 13th, 2016, 04:10 PM   #7288
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bring it up and surpass 1WTC. That emotional sentiment towards a height and a year is stupid. 1WTC does not deserve to hold the title for long, we need rivality in order to make this skyline vene outgrow itself more. The spirit of the 1920s has to come back in a far crazier way then ever. :-)
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Old August 13th, 2016, 04:37 PM   #7289
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Agreed. 1776 is an artificial height limit anyway.
The skyline right now could easily handle buildings taller than the WTC.
At the end of the day, this will end up looking taller than the WTC anyway, even if they don't build the spire.
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Old August 13th, 2016, 05:59 PM   #7290
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Quote:
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131 stories, even if they are inflated, that is still huuuuge. Bring back the spire and make this tower 1775 again!
#makeNewYorkgreatagain!!
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Old August 13th, 2016, 07:17 PM   #7291
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Quote:
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131 stories, even if they are inflated, that is still huuuuge. Bring back the spire and make this tower 1775 again!
Considering this building's roof height might end up 200 feet past 1WTC it would almost be painful if the spire were only a foot shorter. I say just go ahead and make it taller in every way, maybe 1,800 something feet.
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Old August 15th, 2016, 06:36 AM   #7292
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From August 5th














Also a SkyriseCities article feauturing my photos and some renderings of the tower.
http://skyrisecities.com/news/2016/0...ral-park-tower
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Old August 17th, 2016, 08:04 PM   #7293
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Extell Partners With SMI to Develop Central Park Tower

Extell Partners With SMI to Develop Central Park Tower
August 12, 2016
https://www.cityrealty.com/nyc/marke...ark-tower/5321

Quote:
The rumors are true: Extell Development Company has officially partnered with SMI USA, the United States subsidiary of Shanghai Municipal Investment, in a joint venture to develop the to-be tallest mixed-use residential building in the Western Hemisphere. Dubbed Central Park Tower, it will stand at 225 West 57th Street on Billionaire’s Row in Midtown. The skyscraper will soar 1,550 feet in the air, and cost a hefty $3 billion.






More info and images in the post here.
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Old August 17th, 2016, 11:51 PM   #7294
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I was going to say wouldn't it be cool if the bottom of the cantilever section was one of those glass walkways like at Sears. But then I realized there would literally be a glass ceiling hanging over the arts centre.
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Old August 18th, 2016, 12:15 AM   #7295
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What an awesome project!
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Old August 18th, 2016, 03:49 PM   #7296
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Quote:
Originally Posted by Jay View Post
Considering this building's roof height might end up 200 feet past 1WTC it would almost be painful if the spire were only a foot shorter. I say just go ahead and make it taller in every way, maybe 1,800 something feet.
That would be awesome. The restriction or gentleman's agreement was always a dumb idea. I actually liked the concept of the "freedom tower" being the tallest in NY when it had the nicer radom spire with the real cover that looked like a architectural feature - especially if we got Foster's 2 WTC. That complex would have been hard to beat aesthetically and I would have been fine with the height respect. We are getting a boxy 2 WTC (maybe) and a cheap antenna that gives us 1776 (which is actually 1792). Make this bad boy 1800 + and give NY a truly modern masterpiece for other developers to shoot for. I agree that with the much higher roof and the elevation around the park vs. lower manhattan, this will look much taller even without the spire.

On the development side, I can't wait to see the building begin to build the cantilever side. It looks like the core is above the zone, but nothing is on top of that yet. Anyone on site with some insight?
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Old August 18th, 2016, 06:01 PM   #7297
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Barnett had better take care that he doesn't get

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Old August 22nd, 2016, 09:06 PM   #7298
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Crews Assembling Lower Levels of Supertall Central Park Tower

Quote:
New York City is already known worldwide for its abundance of skyscrapers characterized by a variety of architectural styles. Supertalls like 432 Park Avenue and 111 West 57th Street are rejigging the Manhattan skyline — a result of limited land, a strong luxury residential market, and towering ambitions. Extell Development Company is one of the firms at the forefront of this transformative trend. Their 95-storey Central Park Tower is slated to reach dizzying heights of 473 metres (1,550 feet) upon completion in 2019.
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Old August 22nd, 2016, 10:06 PM   #7299
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Seems like the steel caught up to the concrete core.

This morning
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Old August 23rd, 2016, 08:42 AM   #7300
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Picture update from Saturday!

Pics by 600West218

http://i.imgur.com/geKNrlA.jpg

http://i.imgur.com/LDAPrJc.jpg

http://i.imgur.com/iB2txM7.jpg

http://i.imgur.com/GUT7loO.jpg

http://i.imgur.com/Uu7jDoM.jpg

http://i.imgur.com/c8Gegr6.jpg

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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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