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Old September 16th, 2012, 09:19 AM   #3521
Arawooho
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Is it even possible to still change the design at this time?
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Old September 16th, 2012, 10:36 AM   #3522
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Quote:
Originally Posted by Arawooho
Is it even possible to still change the design at this time?
Just the foundation is build...so it should be possible i guess
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Old September 16th, 2012, 10:47 AM   #3523
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Quote:
Originally Posted by Costa&Ribeiro View Post
I heard some rumors that CIM want to change the building crappy design, does anyone have more information about it?
You heard the rumors, you tell more about them. Like when and where you heard something.


And since I have yet to see any detailed renders I would easily believe it when some says that the final design is still being worked on. And that doesn't necessarily means that there will be big changes.
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Old September 16th, 2012, 01:01 PM   #3524
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surely not at this late stage can they change this ,if so they need to work in the base size thats already been cast ?
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Old September 16th, 2012, 01:04 PM   #3525
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Agreed, that's most probably just a rumor. The design of the building was chosen for its efficiency. I highly doubt they would willingly remove some of this efficiency from the building
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Old September 16th, 2012, 02:34 PM   #3526
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I had a dream that this was built with balconies like on Aqua Tower in Chicago. Mindblowing!
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Old September 16th, 2012, 02:41 PM   #3527
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Quote:
Originally Posted by Costa&Ribeiro View Post
I heard some rumors that CIM want to change the building crappy design, does anyone have more information about it?
That's ridiculous. This design permits the maximum height and views. That's a selling point for CIM.
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Old September 16th, 2012, 02:44 PM   #3528
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World one in mumbai also has balconies and looks awesome. Just to think some Dubai lovers try to convince us you can't make great looking apartment tower with balconies.
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Old September 16th, 2012, 03:10 PM   #3529
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I hope the design is never changed. The shape, at least. The cladding isn't a high point, IMO.
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Old September 16th, 2012, 03:17 PM   #3530
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There is not a city in the world that has skyscrapers that would not covet this tower. Anyone who says otherwise is full of it.

Last edited by RobertWalpole; September 17th, 2012 at 12:59 AM.
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Old September 17th, 2012, 01:25 AM   #3531
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Park Avenue cam is back working and the excavator is still there.

Lets hope it stays working.
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Old September 17th, 2012, 05:22 AM   #3532
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Quote:
Originally Posted by RobertWalpole View Post
There is not a city in the world that has skyscrapers that would not covet this tower. Anyone who says otherwise is full of it.
Seattle wouldn't.
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Old September 17th, 2012, 05:30 AM   #3533
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Seattle has among the most boring architecture in the world. Its natural setting is stunning, but its architecture is the epitome of lameness. The new Amazon complex underscores this.
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Old September 17th, 2012, 05:57 AM   #3534
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http://online.wsj.com/article/SB1000...DDLETopStories

NY REAL ESTATE RESIDENTIALSeptember 16, 2012, 10:04 p.m. ET.A View Far Above the Rest

Park Avenue Tower Puts City's Tallest Occupied Space on Market for $85 Million.

By JOSH BARBANEL

It may be the apartment with the ultimate bragging rights in New York—the highest occupied space in this city of skyscrapers, even taller than the observation deck of One World Trade Center.

It can be yours for $85 million.

The six-bedroom penthouse condominium on the 95th floor is one of the more unusual apartments that have just gone on the market at a new 1,397 foot aluminum and glass tower under construction at 432 Park Ave. on the site of the old Drake Hotel. When completed in 2015, it would be the city's second-tallest building, and the penthouse would likely be the tallest space with people residing or working regularly within.



Documents show the total asking price for 432 Park Ave.'s 122 condominiums—along with staff rooms, office suites and wine cellars—is now $2.43 billion, a record for a Manhattan condominium.

The tower represents another luxurious, ultraexpensive residential skyscraper hitting the Manhattan market, setting up more competition with other buildings such as One57 for wealthy buyers looking for trophy properties. For the most desirable units, buyers have been paying prices far above those seen during the real-estate boom years of the mid-2000s, property records show.

The building's foundation work has just been completed at an L-shaped construction site on Park Avenue between East 56th Street and East 57th Street. Steel beams will soon start rising skyward in a slender design by Rafael Vinoly Architects, although the building's look and height could change.
Nevertheless, a small group of real-estate brokers have already been given briefings on the development. A show room is due to open before the end of the year, brokers said.

According to condo records filed with the state, 432 Park Ave. will have unusually high ceilings allowing for large picture windows to look out at the city—15 feet between floor slabs and ceiling heights of 12-and-half feet. The penthouse floor would be called the 95th but is actually on the 78th floor because the building will skip some floor numbers.

The 8,255-square-foot penthouse would be 1,302 feet above the street entrance, according to figures compiled by the Council on Tall Buildings and Urban Habitats from building plans. The highest occupied floor at One World Trade Center—which would be 1,776 feet tall but with a 408-foot antenna—would be the visitor's center at 1,251 feet, according to the Port Authority of New York and New Jersey. The Empire State Building is 1,250 feet high, not including its antenna.

While living "at the top of New York" could be desirable for some buyers, it isn't for everyone, said Pamela Liebman, president of the Corcoran Group, a consultant for Extell Development, which is building One57.

"There are many buyers who do not want to be so high up in a building that they feel they are out of touch with the city and cityscape," she said. "It is more like being in a helicopter."

Still she said having major condo towers on the market at the same time could actually bring in more buyers to both. "New York is lucky to have two such important towers being built at a time when we are severely lacking in this type of inventory," she said.

One57—a glass-walled, 1,000-foot-tall design by Christian de Portzamparc on West 57th Street—has been selling strongly, brokers say. About 60% of the 95 condominiums are now in contract, including two penthouses for $90 million or more each, they say.

Gary Barnett, the president of Extell Development, said he didn't see 432 Park Ave. as competition. One57 is expected to sell out sooner, in six to 12 months, and begin closings next year, Mr. Barnett said. "Our delivery schedules are totally different," he said.

"We want [432 Park Ave.] to do well," he said.

A spokesman for the Los Angeles-based CIM Group—which is developing 432 Park Ave. with Harry Macklowe, the New York developer—declined to discuss plans for the new building and referred a reporter to publicly available documents.

Brokers have already begun tallying the relative strengths of each building.

After five rounds of price increases, the condos at One57 are listed for a total of $2.27 billion in condominium documents. Including contracts signed before the price increases, Extell said it is getting an average price of about $6,000 per square foot under the contracts already signed.

At 432 Park Ave., apartments are priced a hair lower, at an average price of $5,941 a square foot. Since the 432 Park Ave. plan was approved for sale in July by the New York attorney general's office, the developers have increased prices twice, according to records.

Located across from Carnegie Hall, One57 has a dead-on view of the center of Central Park from its upper floors. 432 Park Ave. is on a world-renown thoroughfare, though in its Midtown district, not its more exclusive realm on the Upper East Side. It will also have a courtyard with a circular drive and a garden.

One57 owners can tap services such as dry cleaning and spa treatments from the Park Hyatt Hotel and use of the luxurious hotel pool. 432 Park Ave. owners will have a restaurant for residents and a private club with a pool available only to residents and other members sponsored by residents, records show.

Howard Lorber, the chairman of Prudential Douglas Elliman, a marketing consultant on 432 Park Ave., said he was so impressed with the building's interior details and designs that he planned to buy a 4,000-square-foot half-floor apartment. Prices on similar units are listed for $22 million and up.

"I liked it so much I am buying one myself," he said.

Write to Josh Barbanel at [email protected]
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Old September 17th, 2012, 06:07 AM   #3535
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"although the building's height and design could change"

Hopefully not!! The NYC needs another tall boxy building, since they lost two.
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Old September 17th, 2012, 06:07 AM   #3536
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Interesting article. One57 is the better location though, by far.
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Old September 17th, 2012, 07:27 AM   #3537
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One57

1.Better location;

2.Better views;

3.Better Design;

4.Better Floor Plans;

By the way, sales at 432 Park have begun?
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Old September 17th, 2012, 12:51 PM   #3538
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Park av cam is back on and the triple boom is still there, I really can't see much happening on site this week that we will really nitice but i hope i am wrong!!!
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Old September 17th, 2012, 01:48 PM   #3539
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Shoulnd't take long until they begin with the core i think
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Old September 17th, 2012, 01:52 PM   #3540
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Quote:
Originally Posted by Costa&Ribeiro View Post
One57

1.Better location;

2.Better views;

3.Better Design;

4.Better Floor Plans;

By the way, sales at 432 Park have begun?
I agree with most, although I did have not seen the floorplans just yet.
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