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Old April 25th, 2016, 05:14 AM   #161
desertpunk
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Quote:
Originally Posted by TheIllinoisan View Post
Ive heard from sources that this may be cut down to 596 ft / 182 m in order to allow construction to proceed.
From the NIMBY opponents:

Quote:
twobridgestower ‏@twobridgestower Apr 22

Extell-1,017 units-80 stories-1.3m sqft
#Twobridges-no height caps-Rezoning needed
now
@CM_MargaretChin @galeabrewer

https://twitter.com/twobridgestower




https://twitter.com/twobridgestower



https://twitter.com/twobridgestower
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Old April 26th, 2016, 08:21 PM   #162
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A 47-Story Tower May Rise Next To Extell's Lower East Side Skyscraper

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Another skyscraper may rise adjacent to Extell's One Manhattan Square, on the Lower East Side, Bowery Boogie reports. A developer is trying to revive plans to building a tower at the former Pathmark Pharmacy site on Cherry Street.

The developer, who Bowery Boogie identifies as Roy Schoenberg was set to collaborate with the local Two Bridges Neighborhood Council (TNBC) and Settlement Housing Fund to construct a 47-story residential tower at the site. The latter offered to sell the land for $4 million, but then backed out, which prompted Schoenberg to sue the organization. A settlement on the case is expected to be reached soon, and some version of that project is likely to move forward, according to Bowery Boogie.

On Wednesday, TNBC will host a meeting to give local residents a better idea of the tower proposal, according to DNAinfo. The site is located right across from the Two Bridges Senior Apartment building at 80 Rutgers Slip, and residents there have already raised concerns about the construction work at One Manhattan Square. Residents have expressed reservations about another skyscraper adding to that disturbance.

Very little is known about the project so far, but SHoP Architects are the rumored architecture firm behind the project, according to Bowery Boogie.

[...]

Given the intensity of NIMBY resistance to 250 South St., this one could be a tough sell...
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Old April 27th, 2016, 04:32 AM   #163
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Quote:
Originally Posted by desertpunk View Post
A 47-Story Tower May Rise Next To Extell's Lower East Side Skyscraper




Given the intensity of NIMBY resistance to 250 South St., this one could be a tough sell...
this development will break their spirits. They should cut their losses and settle down in Staten Island. Good news for them is all the new developments will drive up their property value so when they do cut and run they should make out pretty well.
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Old April 28th, 2016, 02:08 AM   #164
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Well, we got company, a new 900 footer.

http://www.thelodownny.com/leslog/20...es-tower.html#

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Old April 28th, 2016, 02:54 AM   #165
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get the fckuc out
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Old May 19th, 2016, 02:47 PM   #166
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Old May 19th, 2016, 11:34 PM   #167
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wow ton of progress.

last time I saw a pic of this site it was still at ground level.
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Old May 20th, 2016, 09:24 PM   #168
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You can follow on Instagram, Twitter & Flickr for updates. It's a lot to post on all the forums too.
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Old June 9th, 2016, 02:59 AM   #169
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Old June 24th, 2016, 07:12 AM   #170
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nice video of the project. Too bad it doesn't show a more up to date skyline.

https://www.youtube.com/watch?featur...&v=8dXYHUc2eY8
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Old June 25th, 2016, 02:55 AM   #171
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this morning

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Old June 25th, 2016, 04:26 AM   #172
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Some say this doesn't fit in, well they should make it fit in by building more tall buildings around it!
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Old June 25th, 2016, 04:33 AM   #173
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ugly highway
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Old August 9th, 2016, 05:52 PM   #174
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Construction Update: One Manhattan Square Challenges the Manhattan Bridge & Shows Off New Outdoor Renderings/Artwork

Construction Update: One Manhattan Square Challenges the Manhattan Bridge & Shows Off New Outdoor Renderings/Artwork
August 04, 2016
https://www.cityrealty.com/nyc/marke...s-artwork/4686

Quote:
One Manhattan Square will stand as a soaring 823-foot condominium tower at 252 South Street in the Two Bridges neighborhood of the Lower East Side. When finished, the skyscraper will be the tallest building between downtown and Midtown granting nearly all of its 815 condominium apartments postcard views of the city. Ushered forward by Gary Barnett's Extell Development Company, the busy developer reportedly paid $175 million for the site in 2013, including a $47 million buyback of Pathmark’s lease. Demolition and excavation work began in earnest shortly thereafter and the team eventually unveiled renderings of a copper and glass monolith designed by Adamson Associates Architects (AAI), visually shouldering the historic Manhattan Bridge.








More info and images in the post here.
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Old August 15th, 2016, 06:57 AM   #175
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Where was that taken from because it is nearly impossible to photograph this from the Manhattan Bridge?!
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Old September 2nd, 2016, 02:23 PM   #176
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Extell closes on $500M construction loan for One Manhattan Square
http://therealdeal.com/2016/09/01/ex...hattan-square/

Quote:
UPDATED, 6:25 p.m., Sept. 1: Extell Development has finally scored a $500 million construction loan for One Manhattan Square, a $1.4 billion condominium project on the Lower East Side.

The Gary Barnett-led firm also closed on a $300 million mezzanine loan from Scott Rechler’s RXR Realty. That financing, which was contingent upon Extell securing the construction loan, may be upped to $463 million in the future. The interest rate on the mezz loan, originally slated to be 7 percent, is now 8 percent.

“Gary has done an excellent job of acquiring and assembling parcels of land that have a great land basis and that appeal to lower price point product, which there’s a scarcity of in Manhattan right now,” Rechler told The Real Deal Thursday. “Clearly, the construction loan market has become much more challenging. Over the last year, it’s gotten even more challenging. That’s something we anticipated on the RXR side and tried to play into that marketplace and provide financing to fill that gap for the best developers with the best sites.”

On Wednesday, Extell told bondholders it was waiting on a crucial signature from Solil Management, which manages the assets of late real estate mogul Sol Goldman and owns the ground lease, imminently. That lapsed Aug. 31 deadline technically marked the fifth delay of the mezzanine loan for three projects, including One Manhattan Square.

The size of the construction loan, provided by a consortium led by Deutsche Bank and Natixis, was chopped from $600 million to $550 million, and now to $500 million. The interest rate is Libor+3 percent for the facility and Libor+4.5 percent upon drawing the money.
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Old September 18th, 2016, 01:21 AM   #177
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15+ floors up now.

https://www.flickr.com/photos/bychu/...Lj9u6s-Liqz7H/
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Old October 18th, 2016, 12:30 PM   #178
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From this past weekend


FW4A2292 by Kevin Leclerc, on Flickr


FW4A2289 by Kevin Leclerc, on Flickr
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Old October 18th, 2016, 10:20 PM   #179
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^ is it just me or are the towers under construction in new York really fast???
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Old October 19th, 2016, 12:18 AM   #180
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It usually is when the construction isn't that complicated with the same formwork like here.
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