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Old September 20th, 2011, 04:20 PM   #101
RobertWalpole
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is that just beside the park? then it is really luxurious to live there
The north entrance is on 58th, and the park starts at 59th.
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Old September 20th, 2011, 04:30 PM   #102
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The grocery store is still there. What gives?
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Old September 20th, 2011, 11:41 PM   #103
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What's to guarantee it won't be shorter?
As has been said, this has about 30% more air rights than Carneige 57. And it would make zero sense for Extell to build this significantly shorter than the air rights they have spent huge money on permit.

The buildings between this and the park in relation to the buildings between Carneige 57 and Central Park are much shorter. So this would have more units with unobstructed views of the park than Carneige 57, even if this didn't have more air rights. But with upper floors on Carneige 57 fetching $9,000-$10,000 a sf, and apartments at 15 Central Park West, a couple blocks away with views of the park regularly in the $6,000 sf range, and the penthouse at the TWC a few blocks away on the market for $60,000,000, Extell would be mental to not build every foot of this tower that they can. It offers the greatest return on their investment, and at the end of the day, this tower will be built to make money for Extell and the equity partners who invest in it.
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Old September 22nd, 2011, 03:21 AM   #104
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The grocery store is still there. What gives?
Extell owns the building that the grocery store is in, and it's demolishing all of the floors above the store. It's a matter of time before Extell and the store come to an agreement to terminate its lease. Who even goes to that store since Whole Foods opened two blocks away?
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Old September 23rd, 2011, 08:38 PM   #105
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http://therealdeal.com/newyork/artic...coran-sunshine


Supply scarcity boosts prices for Manhattan condo developers

September 23, 2011 10:00AM



From left: One57 and Extell Development President Gary Barnett, the Touraine and Toll Brothers CEO Bob Toll and MiMA and Related Companies CEO Stephen RossThere's a scarcity of new development in Manhattan, and developers are licking their chops. According to Corcoran Sunshine Marketing Group data cited by the New York Times, by the end of 2011 just 1,111 new units will open in Manhattan south of Harlem. That's down from 1,767 last year, ad 8,552 in 2007.

That's good news for developers -- such as Extell Development, Related Companies and the Toll Brothers who are delivering One57, MiMA and the Touraine, respectively, to the market -- who recognize the scarcity of supply and are raising prices and foregoing concessions. In fact, some developers are even refusing to negotiate with buyers on price.

Meanwhile, in Brooklyn, there's a condominium boom of sorts underway, though mostly in smaller buildings. The borough's lower prices and the relatively small sack of the projects has made financing easier to obtain for developers. In the second quarter of 2011, 24.6 percent of sales were new developments, compared to 14 percent in the prior year quarter, according to data from appraiser Jonathan Miller. [NYT]
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Old September 27th, 2011, 04:22 AM   #106
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The following was filed with the DOB on 26 Sep. 2011. I can't wait for renderings for this project.

http://a810-bisweb.nyc.gov/bisweb/Jo...ssdocnumber=02
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Old September 27th, 2011, 04:56 AM   #107
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It's true. I also.

This is a very unknown yet, but we know it's the same company responsible for One57, and still has the rights to air 30% more than the One57. Making it possibly one of the best residential projects of this decade.

Fingers crossed it all works out.
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Old September 27th, 2011, 05:34 AM   #108
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I agree.
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Old September 30th, 2011, 02:52 AM   #109
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what the update on this building now?
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Old November 19th, 2011, 12:40 AM   #110
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As of 17 Nov. 2011, substantial progress has been made on demolition. Extell has only 97 apartments to sell at One57, and given the red hot sales at other new developments, they should sell quickly. Therefore, hopefully we'll see renderings of this 300m+ tower in 2012!
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Old November 19th, 2011, 01:14 AM   #111
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Another 300m tower for NY. The boom sure is kicking in despite the threat of another recession.
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Old November 19th, 2011, 04:03 AM   #112
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The worldwide recession is actually good for NY. The dollar is cheap and safe compared to most world currencies, and property in NY and London is a safe investment.
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Old November 19th, 2011, 08:09 AM   #113
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world might be going into recession but as of how it looks now id say USA is in a pretty good comparatively.
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Old November 19th, 2011, 07:47 PM   #114
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^I dunno about the US, but NYC is very good
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Old November 19th, 2011, 08:09 PM   #115
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If somebody goes into recession it'll be us, the Euro zone
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Old November 19th, 2011, 08:43 PM   #116
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If somebody goes into recession it'll be us, the Euro zone
The Eurozone already is in recession. The US took a Keynsian approach to the 2008 downturn, and Europe took the opposite approach. The US fared much better, and this demonstrated the validity of Keyne's theories.

Nonetheless, if the Euro goes bust, the entire world will suffer a very serious recession. US Banks probably hold a lot of collateral default swaps and other financial instruments that will sustain huge losses if European countries default and European banks fail. Since the US and Europe are the developing world's primary markets, those countries (i.e., China, Brazil, etc.) will suffer too. No one is safe. The Euro was a very bad idea from the start.
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Last edited by RobertWalpole; November 19th, 2011 at 08:54 PM.
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Old November 19th, 2011, 08:45 PM   #117
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^I dunno about the US, but NYC is very good
New York has been very good because Wall Street has been doing well. However, Wall Street is now suffering from layoffs. That being said, high-end NY property will still do well due to the cheap dollar and strong overseas demand. In an uncertain, global financial landscape, property in NY and London is better than investments in US treasuries or gold.
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Old November 20th, 2011, 09:02 PM   #118
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So uh... Why is this project still under "Skyscrapers"? Isn't it more or less confirmed that it'll be at least as tall as One57?
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Old November 21st, 2011, 01:12 AM   #119
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Since no official numbers have been released, I guess the moderators want to "play it safe." That being said, with roughly 1m sf, a residential tower will be well over 300m. The rumour is that this will be around 380m tall.
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Old November 21st, 2011, 03:08 AM   #120
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Wow. That's almost as tall as the ESB. Great news. I hope the rumor turns out to be true
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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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