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Old May 26th, 2015, 07:46 PM   #2181
optimusprimal1
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an engineering feat will soon rise. it may be for the rich but it will be stunning to look at.
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Old May 26th, 2015, 08:39 PM   #2182
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NEW YORK 2030 by VisualHouse






Quote:
Since VH New York's establishment in 2011, the studio has worked closely on the cities most prominent upcoming projects, including Hudson Yards, One Vanderbilt, 217W 57th St and many more. As part of study to capture what New York will look like in the year 2030 the still production team at VH New York engaged they're project specific knowledge to create this inspiring future cityscape image.
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(click again once inside to enlarge the map)
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Old May 27th, 2015, 01:31 AM   #2183
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No love for the WTC? Anyway, great rendering, although those towers will be built sooner and many projects are missing. By 2030 NYC will have a megatall and some other large towers.
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Old May 27th, 2015, 07:36 AM   #2184
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Old May 27th, 2015, 07:16 PM   #2185
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In that render, this building looks a bit shorter than 432 Park, when actually it will be 9 meters taller + 5 meters of advantage in the terrain it will appear 14 meters taller than it. Also, the crown will be larger, I fixed the render to reflect more accurately how it will look:

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Old May 28th, 2015, 06:14 AM   #2186
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Thrilled a professional has finally done all the big towers. Added wtc:

http://i.imgur.com/bebLsWl.jpg
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Old May 29th, 2015, 06:29 PM   #2187
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Via NYT this am.

Great Job Yimby & Otie! You just gave me my new desktop wall paper.

On the Midtown Skyline, a Race to the Clouds:
http://mobile.nytimes.com/2015/05/31...html?referrer=

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Old May 29th, 2015, 08:03 PM   #2188
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Wohhh! The view from the central park in a few years must be amazing
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Old May 29th, 2015, 11:02 PM   #2189
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Some trouble between the project's partners brewing?

Lead investor in JDS, PMG’s supertall 57th St. tower turns off cash pump

"The majority investor in Michael Stern and Kevin Maloney’s planned 1,428-foot luxury condo tower at 111 West 57th Street is no longer willing or able to pump money into the project and is in talks to reduce its stake, public records show..."

"...While JDS and PMG have kicked off construction, they are yet to secure a construction loan..."
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Old May 29th, 2015, 11:40 PM   #2190
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garbage
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Old May 29th, 2015, 11:42 PM   #2191
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Quote:
Originally Posted by babybackribs2314 View Post
garbage
Care to elaborate?
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Old May 29th, 2015, 11:48 PM   #2192
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I always thought all of these towers were too good to be true. Hopefully none of the others go this direction.




...
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Last edited by Jay; May 29th, 2015 at 11:55 PM.
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Old May 29th, 2015, 11:59 PM   #2193
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Quote:
Originally Posted by spectre000 View Post
Care to elaborate?
do not believe anything you ever read on TRD, it is sensational/fear-mongering nonsense, and Stern is committed to getting this built.
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Old May 30th, 2015, 12:42 AM   #2194
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What's the problem? Both JDS & PMG both covered what they are asking from Ambase From their own pockets. If Ambase doesn't pay back what they fronted then it's only natural for Ambase shares to be reduced. It's making something out of nothing. This is going up folks.
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http://i.imgur.com/FVrYwpy.jpg
(click again once inside to enlarge the map)

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Old May 30th, 2015, 01:59 AM   #2195
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Quote:
Originally Posted by Vertical_Gotham View Post
What's the problem? Both JDS & PMG both covered what they are asking from Ambase From their own pockets. If Ambase doesn't pay back what they fronted then it's only natural for Ambase shares to be reduced. It's making something out of nothing. This is going up folks.
some union person sent the story bc they hate JDS
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Old May 30th, 2015, 02:03 AM   #2196
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Quote:
Originally Posted by babybackribs2314 View Post
some union person sent the story bc they hate JDS
Thanks for clearing this up nice and quickly.
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Old May 30th, 2015, 03:14 AM   #2197
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I'm not a fan of Stern in any way(he's a snake in my best assessment for his own heavy handedness) but putting out misleading stories only makes it worse for the unions and their supporters. Hopefully the other major projects however don't go out of their way with anti union policies... just get the projects done without needlessly ruffling feathers and making enemies. Don't forget the unions would be the biggest cheerleaders and the most anti NIMBY types because they want to make some good dollars and benefits putting up great buildings when given the opportunity.
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Old May 30th, 2015, 03:34 AM   #2198
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It's Stern's right to go non-union but it's hard to say who started the heavy handedness. It could be the union's started their attacks on Stern upon learning he's going non union, thus in return him being defiant.

A couple of weeks ago the trade union group tweeted a couple workers were injured @ 111W57 leading to a partial stop work order by the DOB.

I, then looked up the stop order and there were no injuries but minor safety violations that occurs practically in every construction site. It was an outright lie.

The Union insinuated that this is the sort of thing that will happen on a non union site resulting in injuries & their argument was union = safety.

The funny thing, if you think about it... Construction accidents is at an all time high in NYC this year and the majority was from union construction sites. Just saying.
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Hudson Yards mega development Map: June 2015
http://i.imgur.com/FVrYwpy.jpg
(click again once inside to enlarge the map)

Last edited by Vertical_Gotham; May 30th, 2015 at 03:48 AM.
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Old May 30th, 2015, 07:59 PM   #2199
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From the article:

Ambase Corp., a New York-based real estate investment firm, bought a 59 percent stake in the project for $56 million in June 2013.


Can these figures be accurate?

The cost of acquiring the sites was about $230 million, and construction will cost at least $500 million. The sell-out will probably be over a billion dollars.

Last edited by McSky; May 30th, 2015 at 08:07 PM.
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Old May 31st, 2015, 09:35 AM   #2200
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Quote:
Originally Posted by McSky View Post
From the article:

Ambase Corp., a New York-based real estate investment firm, bought a 59 percent stake in the project for $56 million in June 2013.


Can these figures be accurate?

The cost of acquiring the sites was about $230 million, and construction will cost at least $500 million. The sell-out will probably be over a billion dollars.
No way are those figures accurate. Ambase has a tiny stake (around $3 million worth) in the project, probably not even enough to pay for the lobby decorations. The initial loan construction alone is nearly $300 million, and that's just to get things started. That loan was approved months ago, BTW. There will be a second loan, but not for some time, well into development.

I have no idea where the article came from, but know enough about the project's dealings to know it's wrong. Probably came from the unions, who are waging war against developers who reject full union participation.

In any case, Ambase has no real relevance to 111 W.57.
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