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Old April 25th, 2014, 02:06 AM   #11401
TechTitan
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Your political rants are pointless and a waste of energy. Can someone posts more recent pics as I don't live in nyc thanks!
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Old April 25th, 2014, 03:48 AM   #11402
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How much should someone pay in property taxes, simply because they purchase an apartment? I think $60-190K a year in property taxes for the 432 Park units posted on the previous page is already exorbitant. And the people buying these luxury apartments won't even be sending their children to public schools, which is the most expensive component of local government. Their kids will be attending private schools or schools overseas. What sort of services would these mostly part-time residents be consuming that would call for even higher property taxes?

Imagine how much in property taxes the previous buildings that made up the footprint of 432 Park's plot were paying. Now there will be a tower on the very same plot that will sell units worth $2.9 billion, and that will generate far higher property taxes each year. That figure might be as high as $12 million a year, contributed by residents of 100 apartments, half of whom aren't even in the US most of the time. Sounds like a huge windfall to the coffers of NYC to me, especially compared to the former tax status of the small buildings on the site.

Also, the construction of this building will cost about $1.2 billion, with hundreds of millions of dollars in payments to local steelworkers, concrete crews, electricians, plumbers, local architects, accountants, lawyers, engineering consultants, etc. And all of that income is taxed as well.
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Old April 25th, 2014, 04:26 AM   #11403
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Quote:
Originally Posted by McSky View Post
Also, the construction of this building will cost about $1.2 billion, with hundreds of millions of dollars in payments to local steelworkers, concrete crews, electricians, plumbers, local architects, accountants, lawyers, engineering consultants, etc. And all of that income is taxed as well.


Most people seem to forget about that part. It even trickles down further then that when the people you listed above, spend that money. For every dollar that is spent, the local, state, and federal Government, collects tax on that dollar many, many, times again. Without the Billionaires, buildings like this would never be built. Tax them to death and they will go elsewhere with their billions.
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Old April 25th, 2014, 05:04 AM   #11404
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Honestly the taller this building gets the more it looks like a twig which would be blown over by the slightest breeze. That's just how it "looks" of course. I wonder how they even keep the wind from swaying it, I'm sure they thought of that?
It's unsettling to me. I'm sure there are plenty of specs that show that there's no danger, but there's the psychological factor. People remember 9/11. I really have a hard time believing this building could stand up to an attack like that. Even if it could, I think a lot of people who could afford to live there will choose not to because of its slenderness and because as the new tallest building in NYC it becomes a target.
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Old April 25th, 2014, 05:21 AM   #11405
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The WTC will always be the priority tagert, not a residental building.
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Old April 25th, 2014, 05:25 AM   #11406
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What is this turning into? Economics 101? People who disagree with your point of view will keep disagreeing with you no matter what you say. I understand the need to discuss the economic aspects of such projects but let's not get carried away, those discussion never go anywhere so let's keep it on topic as much as we can.
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Old April 25th, 2014, 02:34 PM   #11407
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Just to make sure this page isn't all about economic talk, even though I do find it interesting, here is a picture of the building that this thread is about.

4/25/14
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Old April 25th, 2014, 05:40 PM   #11408
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Tax abatements are a selling tool used by developers to make their offering more attractive to buyers. This is the primary reason that the state offers abatements to the developers. It is meant to encourage developers more than buyers.

The abatements disappear over a 10 year period, starting from date of first closing so if you buy three years into it your abatement is that much less.

This is the true reason for abatements.
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Old April 25th, 2014, 05:49 PM   #11409
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Lots of activity today...three trucks of concrete unloading simultaneously this morning at 8:30. Something big is in the works for this weekend as 56 th street between Madison and Park is scheduled to be closed all weekend.

Also with regards to window color for those who think they are going to be blue they are not they are definitely green. They are delivered with two layers of protection heavy white plastic then the blue film.

Watch 56 camera for action this weekend...could be delivery of more tower crane sections.
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Old April 25th, 2014, 06:02 PM   #11410
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I think the road closure will be to do with the final deassembling of the tower crane which was lowered earlier on in the year
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Old April 26th, 2014, 12:07 AM   #11411
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Green windows! Are you sure I thought they were a grayish color!
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Old April 26th, 2014, 12:13 AM   #11412
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No, green glass looks different than what was uncovered on the building.
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Old April 26th, 2014, 12:29 AM   #11413
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From these vantage points, it's already looking quite tall. We still have a good ways to go, too!
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Old April 26th, 2014, 02:17 AM   #11414
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From Central Park, yesterday.



In this particular ballfield, the batter will be looking right at it, almost aiming for it.


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Old April 26th, 2014, 02:24 AM   #11415
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looking good
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Old April 26th, 2014, 04:14 AM   #11416
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looking good
yeah it looks clean and well organized, although not all New York looks like this.
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Old April 26th, 2014, 04:33 AM   #11417
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WOW!

This building reminds me of the Arcos Bosques complex in Mexico City, provides more architectural variety to the New York skyline. Beautiful!

Mexico City.
image hosted on flickr
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Old April 26th, 2014, 05:28 AM   #11418
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WOW!

This building reminds me of the Arcos Bosques complex in Mexico City, provides more architectural variety to the New York skyline. Beautiful!

Mexico City.
image hosted on flickr
Two Trees Domino developement
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Old April 26th, 2014, 06:18 AM   #11419
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When normally trees are becoming green in NYC? It looks like this year It's very late. Our climate is theoreticly colder, and our trees are green for almost a month already...

Anyway, 432 looks great, and fits perfectly. But I still think It should be a little bit shorter to keep good proportions of skyline.
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Old April 26th, 2014, 06:26 AM   #11420
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With the taller 217 and the similarly-tall 111 getting ready to rise I wouldn't worry too much about skyline proportions.
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