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Old October 13th, 2013, 03:55 AM   #21
Fabio1976
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Fantastic news !!!!
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Old October 13th, 2013, 06:38 AM   #22
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So do we still not know the location of this?
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Old October 13th, 2013, 04:43 PM   #23
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Is it time to start shorting NYC real-estate and Reits? You know what they say about big egos and skyscrapers in regards to the RE market market....The taller they go, the harder they fall. Let's hope this isn't a contrarian indicator. The demand regarding foreign investment into NYC seems insatiable at the moment thus this seems unlikely. However it always hits when you least expect it and economists say that there is a correlation between frenzied skyscraper booms and economic declines/busts. Let's hope most of these towers get off the ground before the bottom falls out of this thing. Last time we weren't so lucky. Actually, maybe we were as several awful designs were not built.

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Old October 13th, 2013, 04:56 PM   #24
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But there's also massive domestic demand. NY has more billionaires than any other city in the world, and many wealthy Americans buy a place here too. Consider that the entire island and parts of Brooklyn have a sea of multi-million dollar properties. Adding a thousand more is like pouring a gallon of water into the ocean. If thus was happening in Las Vegas, Atlanta, or Chicago, it would be a problem.
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Old October 13th, 2013, 05:39 PM   #25
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Quote:
Originally Posted by RobertWalpole View Post
But there's also massive domestic demand. NY has more billionaires than any other city in the world, and many wealthy Americans buy a place here too. Consider that the entire island and parts of Brooklyn have a sea of multi-million dollar properties. Adding a thousand more is like pouring a gallon of water into the ocean. If thus was happening in Las Vegas, Atlanta, or Chicago, it would be a problem.

Plus NYC ranks in the top 4th globally in multi millionaires. The reason for the low ranking is that there are many multi millionaires living in the surrounding suburbs of NYC such as Greenwich Ct, Westchester, Long Island & NJ which would put NYC tops in the world. Many of these people just outside of NYC would and could have 2nd homes in Manhattan.

In the Millionaire category, NYC ranks 2nd behind Tokyo and that is not including those who lives in NYC's suburbs.
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Old October 13th, 2013, 05:40 PM   #26
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Quote:
Originally Posted by RobertWalpole View Post
But there's also massive domestic demand. NY has more billionaires than any other city in the world, and many wealthy Americans buy a place here too. Consider that the entire island and parts of Brooklyn have a sea of multi-million dollar properties. Adding a thousand more is like pouring a gallon of water into the ocean. If thus was happening in Las Vegas, Atlanta, or Chicago, it would be a problem.
That's true. NY seems to be on a more steady development trend backed up by local demand than other world-famous boom-bust cities which were primarily fueled by outsiders looking for a nice return. Unless NYC starts increasing building starts by a huge percentage, I'll be reasonably confident that the current development trend is sustainable for a good while. This at least alleviates my concern somewhat about a major Miami or Dubai style boom-bust event occurring. As long as the political thing works itself out everything should be alright mid-term. I do question though how many super high-end billionaire fueled residential towers can be built, as these are mainly powered by off-shore interests wanting a safe place to park their cash. Sooner or later they will be bringing their money home or putting it elsewhere and these skinny super-tall towers will be going bye-bye for a while This is relevant due to the political crisis going on in DC and how that could lower the confidence in America as a place to invest if things don't get resolved soon.

This Schvo boating Schvoman should hopefully deilver a real Schovey tower! Did I just write that, ugh.

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Old October 13th, 2013, 08:07 PM   #27
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Quote:
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Plus NYC ranks in the top 4th globally in multi millionaires. The reason for the low ranking is that there are many multi millionaires living in the surrounding suburbs of NYC such as Greenwich Ct, Westchester, Long Island & NJ which would put NYC tops in the world. Many of these people just outside of NYC would and could have 2nd homes in Manhattan.

In the Millionaire category, NYC ranks 2nd behind Tokyo and that is not including those who lives in NYC's suburbs.
It's also 2nd in Billionaires behind Moscow.
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Old October 13th, 2013, 08:31 PM   #28
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Quote:
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It's also 2nd in Billionaires behind Moscow.
True, but when you think about it there is a lot of potential for these billionaire apartments. Forget a sec that many Billionaires calls NYC their home. The United States has a total of 442 Billionaires alone. (2nd is Russia with a total of 110) if NYC can build enough units worthy enough for billionaires, then many in the US would buy in NYC as their 2nd home or whatever.

Then, finally you have the foreign Billionaires and entities that would like to invest in NYC. There is a lot of opportunity for these types of housings. Billionaires are not the only who can afford theses apartments as there are a lot of multi millionaires worth in an excess of $100 million or more in NYC that could potentially buy.
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Old October 13th, 2013, 10:02 PM   #29
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Quote:
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It's also 2nd in Billionaires behind Moscow.
NYC is actually 1st in the billionaire count (this year at least), and as someone mentioned, if there was such thing as a greater New York that would include parts of New Jersey and Connecticut, it would probably be 1st in millionaires to, ahead of Tokyo.

http://www.theguardian.com/news/data...s-billionaires

As far as this proposal, It's indeed quite exciting but I'm at the point where there are enough interesting proposals in NYC to be excited about; it's time to see some of them get off the ground cause after all what's the point of a proposal if it never becomes real. So let's hope we start seeing some action soon.
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Old October 13th, 2013, 10:15 PM   #30
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No, Moscow is up 84-62.

http://www.forbes.com/sites/ricardog...ew-york-again/
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Old October 13th, 2013, 10:21 PM   #31
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Finally people shvot the hell up with the puns.

If this is built it will add a greater density for the lanky supertalls proposed and under construction over midtown. It will look like an enlarged version of lower manhattan in the 1940s.
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Old October 13th, 2013, 10:28 PM   #32
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Wonder which article is correct as they both use 2012 as the year of reference.
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Old October 14th, 2013, 02:40 AM   #33
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I hope that it will be the first skyscraper in NYC with over 100 REAL FLOORS ( 1 WTC has 85 floors and ESB has 97 floors ) !!!
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Old October 14th, 2013, 02:51 AM   #34
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^ Isn't the original 1WTC ('72-'01) having 100+ floors?

And yes, Shvo me the renders!
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Old October 14th, 2013, 01:25 PM   #35
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He seems to be a smart investor. We'll with what he will svho up.
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Old October 14th, 2013, 04:39 PM   #36
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I think that the LeMeridian hotel behind the Director's Guild is an absolute waste of space. That could easily be transformed into a 400m+ tower.

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Old October 14th, 2013, 09:08 PM   #37
Eric Offereins
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that would be nicely in a cluster of supertalls.
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Old October 15th, 2013, 12:32 AM   #38
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Yea! I just wanted to say..

432 Park (1,397 ft)
Tower Verre (1,050 ft)
Steinway Tower (1,350 ft)
One57 (1,005 ft)
220 CPS (1,000 ft)
Nordstrom (1,423 ft)
I'll Shvo all of Em Tower (1,500 + ft)
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Old October 15th, 2013, 12:52 AM   #39
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Don't forget:
610 Lexington (+1000 ft)
650 Madison (+1,000 ft)
45 E60th Street (~800 ft)

There's also many more sites being assembled that are capable of supporting supertall superthin residentials near central park so I'd say that we can look forward to constant new proposals for the next decade. Also, New York's first 2,000 ft tower will probably get built near Central Park when 1,200 footers and even 1,500 footers just don't cut it anymore as far as park views are concerned.


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Old October 15th, 2013, 12:55 AM   #40
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Quote:
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I think that the LeMeridian hotel behind the Director's Guild is an absolute waste of space. That could easily be transformed into a 400m+ tower.
I think you mean transhvormed.
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