daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > City/Metro Compilations

City/Metro Compilations Help report active highrise/urban developments occurring in your city to the global SSC community.



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old August 4th, 2012, 01:24 AM   #2221
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

London Taxes Steer Luxury Buyers To New York

Quote:
August 03, 2012 08:30AM


Pricey apartments at One Hyde Park in London

A new tax policy instituted in London could bolster the market for trophy apartments in New York City, according to the New York Times. Transaction taxes in London are already double what they are in the city for homes worth more than £2 million ($3.1 million), and in March the British government increased the “stamp duty” on properties bought for more than £2 million to 7 percent from 5 percent. In a move meant to discourage tax avoidance, the “stamp duty” tax for offshore corporations making such purchases increased all the way to 15 percent

Additionally the government will charge an annual tax on pricey properties already owned by such entities and make foreigners subject to capital gains taxes when they sell British real estate.

The move could weaken the demand for trophy apartments in pricey central London. In the last three years property prices in that area, London’s most coveted, have grown by 50 percent, whereas overall prices remain flat. But sales of £2 million-plus are down 3 percent annually from April to July, hinting that the new tax may already be showing its affects on the property market.

The added costs, especially for the privacy that many of the world’s richest covet, could compel the world’s wealthiest to park their money in safe New York real estate rather than apartments in London. The Times said that because of New York’s awareness of the local importance of its real estate industry, it likely wouldn’t impose similar taxes.
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote

Sponsored Links
Old August 4th, 2012, 01:28 AM   #2222
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

With New Tenants, PABT Retail Gets An Upgrade


inhabitat

Quote:
NEW YORK CITY-In an effort to revitalize the facility and improve amenities for commuters, the Port Authority of New York & New Jersey gave two national retailers the green light for space inside the aging Port Authority Bus Terminal at 42nd Street and Eighth Avenue in Midtown Manhattan at a public meeting on Aug. 1. The Port Authority Board of Commissioners approved retail leases for Starbucks and PNC Bank, a Port spokesman confirms to GlobeSt.com.

According to a resolution from the Port, Starbucks inked a deal for approximately 2,165 square feet on the ground floor of the terminal’s south wing for a 10-year term and will invest approximately $1 million over the next four months to build its new store. On the other side of the building, PNC Bank is leasing 4,910 square feet of space located on both the ground level and second floor of the north wing, with another 150 square feet for ATMs on the ground floor of the south wing. Under its lease agreement with the Port Authority, the bank will invest more than $3 million in terminal improvements. Both deals were brokered by Vornado Realty Trust.

The new tenants are the latest businesses to set up shop in the bus terminal since the bi-state agency began discussions to revamp and make improvements to the facility. Earlier in the year, the Port also approved a three-year, 2,774 square foot deal for Discovery LLC, which will house the Cake Boss Café, an offshoot of the famed Carlo’s Bakery in Hoboken, and a 20-year lease renewal for pharmacy retail chain Duane Reade in the south wing. As part of these lease deals, Discovery will invest $2 million toward the store, and Duane Reade will plunk down $2.7 million toward infrastructure enhancements. Existing tenants at the PABT include Jamba Juice, Au Bon Pain, Bolton's, Strawberry and Heartland Brewerty Restaurant.

Port Authority vice chairman Scott Rechler, also CEO of RXR Realty, says the Port’s efforts to attract top shelf tenants to the PABT are paying dividends, both for the customers who use the facility every day and for the agency. “All of our new tenants are investing private dollars to enhance the appearance of this transportation facility, supporting critical improvements to this vital transportation hub that serves 7,000 buses daily,” he says.

The terminal – which serves 64,550,000 passengers and 2,263,500 bus movements – is also experiencing steady increases in ridership. Chris Ward, the former executive director at the Port, said at a New York Building Congress event last year that more people are coming into the city by bus than by rail to the central business district, citing a 42% rise in bus travel over the last 25 years between New York and New Jersey.

At the same time, a joint venture between the Port and Vornado to construct a 1.3-million-square-foot class A office tower atop the facility was put on pause due to the city's sluggish office market in late 2011.
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote
Old August 4th, 2012, 02:17 AM   #2223
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

Crane's up at the New Whitney Museum in the Meatpacking District:

__________________
We are floating in space...

Last edited by desertpunk; August 4th, 2012 at 02:37 AM.
desertpunk no está en línea   Reply With Quote
Old August 4th, 2012, 06:05 AM   #2224
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Originally Posted by desertpunk View Post
Manhattan panorama

image hosted on flickr

Beanhead4529
GOD BLESS NEW YORK CITY & THE UNITED STATES OF AMERICA!
SO143 no está en línea   Reply With Quote
Old August 4th, 2012, 06:55 AM   #2225
sbarn
Registered User
 
Join Date: Mar 2004
Location: NYC & Bay Area
Posts: 1,222
Likes (Received): 991

I did a little more work on an earlier montage I did, and came up with an NYC 2030 version that demonstrates the impact on the skyline with some new ~1,500 to 1,700 foot towers near Grand Central. (I'm sure I'm missing many proposals, and even more that wouldn't even be visible from this angle.)

Original Image Source: ChodHound

image hosted on flickr


image hosted on flickr


image hosted on flickr
sbarn no está en línea   Reply With Quote
Old August 4th, 2012, 12:50 PM   #2226
Kanto
Roof height crusader
 
Kanto's Avatar
 
Join Date: Apr 2011
Location: S-4, Papoose Lake
Posts: 5,925
Likes (Received): 3546

Incredible work Thanks

Btw, that right Grand Central building looks exactly like the Lotte Super tower in Seoul, which is good cause I think it is one of the best designs ever made
__________________
The Outbreak: A free browser online strategy game. Build up your town and compete with other towns economicaly and militarily.
http://www.the-outbreak.com/
Kanto no está en línea   Reply With Quote
Old August 5th, 2012, 03:14 AM   #2227
ThatOneGuy
Psst! Check my signature!
 
ThatOneGuy's Avatar
 
Join Date: Jan 2012
Location: Toronto - Bucharest - Freeport
Posts: 21,495

But they're just placeholders. I hope the actual designs are a bit simpler to fit NYC.

If I were ever chosen to design a building for NYC, I would design a boxy international style building, but with a slight torque/twist, just to alter the style a bit. It would be interesting. NYC's the only massively-growing city without a twisted tower.
ThatOneGuy no está en línea   Reply With Quote
Old August 6th, 2012, 06:34 AM   #2228
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

AP

Quote:
August 4, 2012

Hudson Yards: NY's urban town within a city

By Verena Dobnik

NEW YORK (AP) — New York didn't let its loss of the 2012 Olympics keep the city from moving on to another venture: building up the largest undeveloped parcel in Manhattan.

The old Hudson rail yards on Manhattan's West Side might have become the Olympic stadium if the city had won the summer games when it bid on them years ago. Instead, a $15 billion small city within a city will soon start rising on the 26 acres of land by the Hudson River, with the construction on the first building set for this year. Eventually, Hudson Yards is expected to dramatically change New York's skyline. The cluster of commercial and residential high-rises is flanked by parkland, a cultural center, restaurants, shops, a hotel and a school, according to the latest renderings obtained by The Associated Press.

The main developer, Stephen Ross, told the AP that groundbreaking is planned sometime in October for the 12 million square feet of real estate space — New York's most ambitious private construction since Rockefeller Center was built in the 1930s amid the Great Depression. Some have dubbed the neighborhood "Manhattan's final frontier." Bounded by 10th and 12th avenues and West 30th and 33rd streets, it is Manhattan's largest tract of land still available for major development, followed by the World Trade Center being rebuilt downtown a decade after the terrorist attack. Surrounding the rail storage yards in this once bleak industrial area were potholed roads leading to car and horse-drawn carriage garages, warehouses, low-rent brownstones, cheap delis and strip clubs.

Hudson Yards' first building, set to open in 2015, is a $1.3 billion, 46-floor tower — nearly half of it to be occupied by the Coach luxury leather goods manufacturer. Its glass atrium will stand alongside the High Line, a mile-long, elevated public greenway transformed from a defunct freight railway weaving through the artsy Chelsea neighborhood to the south. This inaugural tower is part of a master plan designed by the Manhattan architectural firm Kohn Pedersen Fox Associates, which has produced the tallest towers in China, Korea, Hong Kong, France and Great Britain.

Still, in New York, "to build these very large structures on top of the tracks is a huge challenge," says the firm's co-founder, architect Bill Pedersen. "It's like dental work, threading through down below." An $800,000,000 platform will cover the field of open tracks that will continue to be used by the Long Island Rail Road, stretching under the nearby Pennsylvania Station transport hub linked by Amtrak to other parts of the country. The load-bearing main pillars of the first tower will be firmly planted into the ground, not on the platform.

Ross told the AP that the chosen architect for another high-rise along central, tree-lined Hudson Park and Boulevard is David Childs, who designed New York's tallest building — One World Trade Center, to be occupied by 2014 "They're creating a whole new landscape, a whole new district of New York City," says Bob Yaro, president of the not-for-profit Regional Plan Association think tank. "It will ensure that as the economy recovers, New York will have places for new business."

[...]
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote
Old August 7th, 2012, 02:31 AM   #2229
1Filipe1
BANNED
 
Join Date: Jul 2012
Posts: 887
Likes (Received): 319

incredible o.o does it seem like everytime the economys not in the best place more skyscrapers are made? great deppression-empire state building- 70s recession, you got the twins, sears etc, and now all of these...mind boggling o.o
1Filipe1 no está en línea   Reply With Quote
Old August 7th, 2012, 05:52 AM   #2230
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

Quote:
Originally Posted by 1Filipe1 View Post
incredible o.o does it seem like everytime the economys not in the best place more skyscrapers are made? great deppression-empire state building- 70s recession, you got the twins, sears etc, and now all of these...mind boggling o.o
That's because real estate is cyclical. At the peak of the market is usually when the most ambitious proposals are created. By the time developers are ready to build, the market has softened. Right now everybody is timing their projects to a 2014-17 completion timeframe when they believe the market will be robust again.
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote
Old August 7th, 2012, 05:54 AM   #2231
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

40 Mercer Getting Savanna Retail Store


http://streeteasy.com/nyc/sale/38060...-soho-new-york
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote
Old August 7th, 2012, 09:15 AM   #2232
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

Rose Takes Over At 70 pine St.

Quote:
Venerable New York real estate dynasty Rose Associates has taken the lead role at 70 Pine St., the vacant landmark skyscraper still awaiting conversion to apartments after two disappointing false starts. Rose Associates quietly bought the widely reported stake previously held at 70 Pine by Nathan Berman’s Metro Loft Management, Realty Check has learned.

AIG’s former headquarters will have up to 1,000 rental apartments in 750,000 square feet and 40,000 square feet of retail. Completion is slated for late next year or early 2014. That’s all according to Luxembourg-based Eastbridge Group, the financial muscle behind 70 Pine’s rebirth. Completion is slated for late next year or early 2014.


70 Pine Street

There’s no word on how the top-floor observatory will be used — a unique Art Deco space with wraparound windows and vertigo-inducing balconies. Rose Associates declined to comment on the stake in the project it quietly acquired in May.
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote
Old August 8th, 2012, 04:08 AM   #2233
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

DNAinfo

Quote:
Quadriad Realty to Present City Revised Wahi Skyscraper Proposal


Curbed

WASHINGTON HEIGHTS - After more than a year and a half of discussions regadring a suite of skyscrapers that could radically alter Upper Manhattan's skyline, developer Quadriad Realty said it will soon submit its revised plan to the city.

Officials from the New York-based developer Quadriad Realty said they plan to submit revised plans to the Department of City Planning for approval to build two to four 29 to 31-story skyscrapers on West 190th Street and Broadway for its project dubbed the "Tryon Center."

The developer presented a preliminary plan to Community Board 12 last month, which includes more affordable housing units and buildings that sit up to 10 stories shorter than originally proposed in 2010. Quadriad officials said they planned to submit the new proposal to the city in late July, but agency reprentatives said they have not yet seen the new plan.

Last year area residents and community leaders said they opposed the plan because of the height of the proposed buildings, which are significantly taller than most of the existing buildings in Washington Heights. Developers argued in an initial proposal that they needed the extra space to include affordable housing, but critics said their rates were pegged to Manhattan's median income levels, which are still too high for the lower income averages of Upper Manhattan residents.

Quadriad officials had argued they would move ahead with an as-of-right plan for the building, which will include no affordable housing units, if unable to hammer out a compromise with the community.

According to the developer, Quadriad's new plan was hammered out after meetings with local leaders, including State Sen. Adriano Espaillat, Assemblyman Guillermo Linares and City Councilman Ydanis Rodriguez, where the group attempted to determine the right mix of income levels for the neighborhood.

In addition to building affordable housing units, the developer has promised renovations to public facilities, such as a facelift to neighboring Gorman Park, and a plan to renovate the 191st Street 1-train station's entrance. The units will offer more than 400 market rate rental units.

The latest plan, which includes a mix of residential and commercial space, increases the number of affordable housing units from 160 to 184 to accommodate more low- and moderate-income individuals and families. The development will provide 52 units for low-income individuals and 133 units for moderate-income.

[...]
Read more: http://www.dnainfo.com/new-york/2012...#ixzz22udA36vF
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote
Old August 8th, 2012, 05:02 AM   #2234
aquablue
BANNED
 
aquablue's Avatar
 
Join Date: Mar 2006
Posts: 1,750
Likes (Received): 229

Quote:
Originally Posted by ThatOneGuy View Post
But they're just placeholders. I hope the actual designs are a bit simpler to fit NYC.

If I were ever chosen to design a building for NYC, I would design a boxy international style building, but with a slight torque/twist, just to alter the style a bit. It would be interesting. NYC's the only massively-growing city without a twisted tower.
I hope they are not simple towers though I suppose people have different aspirations for NYC. For me, boxes are something that ny has enough of, to last a lifetime. Boxes are just practical and economical, but hardly something ny should build just because of historical reasons. Why should ny only build boxes just because it did so in the mid to late 20th century? Before that ny built art deco. More complex geometry will not harm ny, it will improve it and rejuvenate its skyline for the 21 st century. Getting locked into building one style, the box, would herald the end of my interest in future NYC projects. So, I will respectfully disagree with you on this issue. My hope is that ny continues to move away from the box as much as possible, even with the zoning limitations, etc.

Last edited by aquablue; August 8th, 2012 at 05:10 AM.
aquablue no está en línea   Reply With Quote
Old August 8th, 2012, 06:48 AM   #2235
sbarn
Registered User
 
Join Date: Mar 2004
Location: NYC & Bay Area
Posts: 1,222
Likes (Received): 991

Quote:
Originally Posted by aquablue View Post
I hope they are not simple towers though I suppose people have different aspirations for NYC. For me, boxes are something that ny has enough of, to last a lifetime. Boxes are just practical and economical, but hardly something ny should build just because of historical reasons. Why should ny only build boxes just because it did so in the mid to late 20th century? Before that ny built art deco. More complex geometry will not harm ny, it will improve it and rejuvenate its skyline for the 21 st century. Getting locked into building one style, the box, would herald the end of my interest in future NYC projects. So, I will respectfully disagree with you on this issue. My hope is that ny continues to move away from the box as much as possible, even with the zoning limitations, etc.
Agreed that the developers of the possible towers should aim for something a bit more imaginative than just boxes.
sbarn no está en línea   Reply With Quote
Old August 8th, 2012, 07:01 AM   #2236
sbarn
Registered User
 
Join Date: Mar 2004
Location: NYC & Bay Area
Posts: 1,222
Likes (Received): 991

Here's an update on some smaller projects:

The Warren Lofts (Tribeca)
image hosted on flickr


Construction update, with the Trade Towers looming behind.
image hosted on flickr


Mystery Project (Broadway & Worth Street, Tribeca), anyone got renderings?
image hosted on flickr


Close up.
image hosted on flickr


SoHo Infill (Broadway & Howard Street, SoHo). I can't tell but this one may be stalled. There was no activity on the site during the middle of the day.
image hosted on flickr


Close up on the rendering.
image hosted on flickr
sbarn no está en línea   Reply With Quote
Old August 8th, 2012, 07:34 AM   #2237
Tomato Soup
Registered User
 
Tomato Soup's Avatar
 
Join Date: Aug 2012
Posts: 1
Likes (Received): 0

Quote:
Originally Posted by aquablue View Post
I hope they are not simple towers though I suppose people have different aspirations for NYC. For me, boxes are something that ny has enough of, to last a lifetime. Boxes are just practical and economical, but hardly something ny should build just because of historical reasons. Why should ny only build boxes just because it did so in the mid to late 20th century? Before that ny built art deco. More complex geometry will not harm ny, it will improve it and rejuvenate its skyline for the 21 st century. Getting locked into building one style, the box, would herald the end of my interest in future NYC projects. So, I will respectfully disagree with you on this issue. My hope is that ny continues to move away from the box as much as possible, even with the zoning limitations, etc.
I don't think much of what happens in NYC has to do with artistic aspirations. Most NYC architecture has been and still is driven by efficient space use (money) and zoning. The reason art deco became so popular in the city (and cities in general) is because it didn't oppose either of these forces and retained enough versatility to stay artistically and architecturally interesting. Modern architecture hasn't found a language like that for cities yet, and it may never.

Zoning is very restrictive, but it adds a good deal of value to the city in a number of ways. Some could argue that it hasn't "caught up" to these new design types, but I can't even begin to imagine how they would adapt the 3,500 page text to accommodate all of them. As for developers, they'll always give monetary prospects priority over good architecture.

Last edited by Tomato Soup; August 8th, 2012 at 07:40 AM.
Tomato Soup no está en línea   Reply With Quote
Old August 9th, 2012, 03:30 AM   #2238
Andre_idol
Fluorescent Adolescent
 
Andre_idol's Avatar
 
Join Date: Aug 2008
Location: Barcelos > Oeiras, Portugal
Posts: 6,251
Likes (Received): 418

Think this is the right place for this

Quote:
Luxury Living in Old Temple of the 5 and Dime

The Woolworth Building’s neo-Gothic tower, one of New York City’s most recognizable landmarks, is about to be turned into luxury condominiums, a transformation that would be second only to placing penthouses atop the Chrysler Building or the Empire State Building.

The world’s tallest building when it opened in 1913, the Woolworth Building was called the “Cathedral of Commerce,” its copper-domed tower soaring 792 feet into the skyline. Now, in a $68 million deal made final last week, the tower will be turned into about 40 luxury apartments, including a five-level penthouse in the cupola.

In a condo market still recovering from the Lehman Brothers crash in 2008, some developers have focused on conversions as a way to create new luxury apartments that cater to an eager, astronomically wealthy clientele who in the past few months have spent tens of millions of dollars on sumptuous apartments. With its historic status downtown, the Woolworth Building has the cachet to give it an edge over its competitors.

An investment group led by Alchemy Properties, a New York developer, bought the top 30 floors of the landmark on July 31 from the Witkoff Group and Cammeby’s International, which will continue to own the lower 28 floors and lease them as office space. “It’s very exciting for us,” said Kenneth S. Horn, president of Alchemy Properties. “We’ve done a lot of historic buildings in the city, but this is ‘the mama,’ as they say.”

[...]
From: http://www.nytimes.com/2012/08/08/re...ents.html?_r=1
__________________
School trip to: Brussels!
Andre_idol no está en línea   Reply With Quote
Old August 11th, 2012, 02:59 AM   #2239
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

New York Times


56 Leonard St.

Quote:
The Rewards Of Patience


By ALEXEI BARRIONUEVO

Published: August 9, 2012

IN the darkest days of the housing crisis, paralysis was the word of the day. Even in the rarefied world of high-end New York real estate, developers and buyers alike had to put their dreams on hold, at least for a while.

The day that Lehman Brothers crashed in September 2008, instantly deepening the crisis, Michael Stern, a New York developer, took his first tour of the 1929 Walker Tower in Chelsea. He closed on the building in December 2009 for $25 million, hoping to convert much of it to condos. But then he made a strategic decision that is likely to pay big dividends: he leased the building back to Verizon for two years while he waited out the chaos. “The first time I ever looked at the building was the day the world fell apart,” Mr. Stern said.


1929 Walker Tower

A little patience can go a long way. At least that’s the lesson to be drawn from developers who have crawled from the ashes of the housing crisis — or from behind the barricades where they waited it out — to a Manhattan high-end market that has become a first-choice destination for the cash of the world’s wealthy.

New downtown buildings that were shelved during the financial crisis, like One Madison Park and 56 Leonard, are moving forward again, while conversions like Walker Tower are surging into a market constrained by low inventory, soaring prices and seemingly inexplicable sales to Russian oligarchs and Las Vegas casino titans. “It is a very powerful moment in new development right now,” said Kelly Mack, president of the Corcoran Sunshine Marketing Group. “Developers are seeing a very strong opening in the market to really push their projects forward. These two years were really worth the wait.”

Consider how much the landscape has changed. By the fall of 2008, contract signings for new development essentially stopped. By the first quarter of 2009, buyers were too afraid to buy. “Open houses were packed, but no one could make a decision,” recalled Jonathan J. Miller, president of Miller Samuel, a real estate appraisal firm.

One by one, new development projects stalled, because their pricing did not reflect the new market. “New development went through this period called ‘pretend and extend,’ or ‘pray and delay,’ or ‘a rolling loan gathers no loss,’ ” Mr. Miller said. But this year has seen a stunning turnaround. Across the Manhattan market, contracts are up 26 percent across the board from the second quarter of 2010, while new development inventory is down 58 percent over the same period.

Things are getting tighter, and that has encouraged developers beaten down by the market to get off the canvas and back in the match. Some 58 percent of the projects that Corcoran Sunshine is planning were conceived before the downturn, Ms. Mack said. Some projects on the drawing board in the boom years — when even newcomers fancied themselves developers — have ended up in steadier hands.


One Madison Park

Consider the situation at a troubled condo project called One Madison Park. It is moving forward after its original developers, Ira Shapiro and Marc Jacobs, ran out of money and the project went into bankruptcy. The Related Companies, along with HFZ Capital Group and Amalgamated Bank, took title on the building in April, shepherding it through bankruptcy and settling most of the lawsuits involving the debtor, a Related spokeswoman said.

The original developers sold 12 apartments out of a possible 69, generating only $38 million, far too little to cover outstanding debts. Desperate for cash, the developers were looking for money anywhere they could, to help cover cost overruns. Among those still involved in litigation is Ian Bruce Eichner, a developer whom Mr. Shapiro offered an unfinished apartment for $5 million, in exchange for a $4.5 million loan. Construction has begun again, and Related plans to sell 54 more apartments (3 fewer due to combinations). The company says it expects to start sales early next year. The Related spokeswoman would not comment further.


99 Church St.

Other developers are content to wait even longer. Larry Silverstein, the developer of the World Trade Center complex, says he hopes construction can start next year on a Four Seasons Hotel project designed by Robert A. M. Stern at 99 Church Street. It will be topped by some 50 floors of condos (a private entrance for the condos is planned at 30 Park Place). His strategy is to start selling the 143 condos by the middle of 2015, when the World Trade Center will largely be completed. The project was conceived in 2008, but the developers were able to hold off because they bought the land and paid predevelopment costs for just under $300 million. “We own the land debt-free,” he said, “so there is no pressure of any kind.”

[...]
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote
Old August 11th, 2012, 03:39 AM   #2240
desertpunk
Whiskey Tango Foxtrot
 
desertpunk's Avatar
 
Join Date: Oct 2009
Location: ELP ~ ABQ
Posts: 55,648
Likes (Received): 53453

Two Trees Begins Redesign Of Domino Project

image hosted on flickr

http://www.flickriver.com/photos/johnsen/tags/newyork/

Quote:
During our conversation with Two Trees managing director Asher Abehsera on the success of the firm’s massive Mercedes House project, we turned briefly to the topic of the Domino sugar refinery in Williamsburg.

As we previously reported, Two Trees is rethinking the entire Domino project, including the controversial move of how much affordable housing to include. We asked Mr. Abeshsera how things are progressing. According to him, the planning process is just getting under way.

Quote:
"Domino is really about us working internally and optimizing the best development plan and also working with the powers that be to make sure it’s something we’re all excited about executing, that’s good for the city and good for everybody. It’s so big, you can’t—right now we really don’t know.

You think about in what’s the best and highest use? Obviously the previous owners, well, they’re still the owners until we close, but maybe their plan wasn’t the most viable for the site, and paying homage to the culture of the area, and, more importantly, what people want, and we do a very good job at that.

So the honest answer is, we’re thinking, creatively about how can we use the footprint, how can we use the allowable FAR, how can we use the market-rate component, the affordable component, and come up with the most exciting project, that’s well program and that’s not too saturated in one respect or another. Programming is the real word there right now, we’re focusing on how to program it right now."
Should be an interesting one to watch.
Will they retain Rafael Vinoly's design for the complex? Or go with the 'value option'?
__________________
We are floating in space...
desertpunk no está en línea   Reply With Quote


Reply

Tags
new york city

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 05:55 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu