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Old June 20th, 2013, 01:04 AM   #3261
el palmesano
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Quote:
Originally Posted by RobertWalpole View Post
A beautiful tower will rise on the Prince Lumber site in the MP dist:

http://www.nypost.com/p/news/busines...g4SxYTpZHrF4WI

seems very nice
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Old June 20th, 2013, 03:13 AM   #3262
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West Side rising

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IMG_5465 by denkmanttlb, on Flickr
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Old June 20th, 2013, 06:37 AM   #3263
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Whoa, that blue tower crane on the right must be for the Coach Tower!!!

I'm going to have to check that out...
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Old June 20th, 2013, 10:00 PM   #3264
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Lowballed in Lower Manhattan

NYC construction groups blame insurers for 2 WTC holdup



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A city construction industry coalition is pushing insurers of United Airlines and American Airlines, whose aircrafts crashed into the World Trade Center on 9/11, to cough up a maximum of $2.8 billion, Crain’s reported. Silverstein Properties, which holds the lease at the World Trade Center site, has vowed to use the insurance payment toward the development of the not-yet-started 2 World Trade Center.

The coalition includes the Building and Construction Trade Council, the Building and Trades Employers Association and the 32BJ union.

“We are doing this to draw attention to the fact that a handful of insurance companies are holding up rebuilding the World Trade Center,” Building and Construction Trades Council President Gary LaBarbera told Crain’s. “It’s unacceptable that nearly 12 years after 9/11, these companies refuse to pay what they owe.”

This would be the second major insurance payout at the site. Both Silverstein and the Port Authority of New York & New Jersey nabbed $4.1 billion from the fallen towers’ insurers in 2004, Crain’s said.

The groups’ push precedes a federal court hearing next month, when a judge is slated to rule on whether Silverstein can get the full amount or settle for less.
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Old June 21st, 2013, 06:56 PM   #3265
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http://ny.curbed.com/archives/2013/0...lapse_site.php

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Old June 21st, 2013, 07:42 PM   #3266
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10-Building Megaproject To Replace Old Bushwick Brewery?



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Williamsburg's dilapidated Domino factory is getting a residential makeover, and Greenpoint's waterfront is poised for a collection of glassy towers, so that leaves just one North Brooklyn neighborhood without a megaproject to call its own. Developer Read Property Group would like to change that. DNAinfo and the Daily News report that Read Property presented their plans for a 6.4-acre site near Bushwick's Flushing Avenue to Community Board 4 this week. A large chunk of the land was once home to Rheingold Brewery, and the proposed development would break up that superblock and remap parts of Stanwix and Noll Streets. There would be 10 buildings rising up to eight stories tall for a total of 977 rental apartments with garage parking for 50 percent of the units. Retail would occupy the street-level, and a 17,000-square-foot public green space would be plopped in the middle of the complex.
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Old June 21st, 2013, 08:05 PM   #3267
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Wanda launches $1b New York hotel project
http://www.ecns.cn/business/2013/06-21/69534.shtml

Quote:
China's Wanda Group, which owns AMC Theaters, is spending $1 billion to build a five-star hotel in New York City, becoming a new addition to the recent Chinese investment wave in the Big Apple's real-estate market.

Wang Jianlin, chairman of the Dalian-based commercial real estate developer, told Reuters in Beijing that the company is in talks with potential partners to build a Wanda hotel and an adjacent apartment building in New York.

The chairman said the project will probably be announced in the third quarter of this year "if everything goes smoothly".

The announcement comes a day after it revealed it will launch a 1 billion pound ($1.55 billion) investment for the overall control of the United Kingdom-based luxury yacht manufacturer Sunseeker and the construction of a five-star hotel in the center of London.

Wanda made headlines last year when it acquired the United States-based cinema chain AMC for $2.6 billion - including debt - making it the largest Chinese entertainment expansion in the US and the largest cinema owner in the world.

The Wanda group already runs a chain of five-star hotels and has partnered with other hotel groups. The move to build a five-star hotel in New York furthers Wanda's overseas expansion into the US since the AMC acquisition.

"Many people have been really bullish on hotels, and the hotel market has been very strong in New York," said David Von Spreckelsen, a division president with US luxury home-builder Toll Brothers City Living in New York.

"It will continue to be a place within the US that is desirable and on a world level. Obviously it competes with every major city in the world."

Fred Lipman, a partner at Blank Rome LLP and the author of International Strategic Alliances: Joint Ventures Between Asian and US Companies, said the prices in the real estate market are a major attraction for Chinese investors.

"The general perception is this is a good place to invest for real estate at this point based on the current pricing levels," said Lipman.

Wanda's move into New York is the latest move by Chinese investors in one of the world's most desired cities.

Data from the National Association of Realtors show that Chinese mainland and Hong Kong buyers are the second-largest investor group, after Canadians, in the US housing market, contributing some $9 billion in the March 2011 to March 2012 period.

Earlier this month, Zhang Xin, CEO of Soho China, a Beijing-based real estate developer, together with other investors, bought a 40 percent stake of New York's iconic General Motors building in midtown Manhattan for $1.4 billion.

New York has long been a hotspot for foreign real estate investors.

In the 1970s, the Japanese made heavy investments in the city's real estate. "There have also been a lot of Europeans investing here over the last couple of years, and now I see the Chinese just being the next wave," said Spreckelsen.

Spreckelsen cautions foreign investors - including the Chinese - to have sufficient local knowledge before tapping into what he calls a "local game".

"Places like New York or Beijing are always going to be solid (for investment), but you need to hire the right people," said Spreckelsen, adding that knowledge of the local market, including the labor market and the government, were important for investors to carry out their projects smoothly.

Last September, Beijing-based Xinyuan Real Estate Co Ltd, a US-listed company, acquired a parcel of land at Kent Avenue and South 8th Street in the Williamsburg section of Brooklyn for $54.2 million.

The company is building a condo building that will serve the community when it's complete, said John Liang, a general manager with Xinyuan in New York.

Liang said Xinyuan - even though it's a Chinese developer - won't be building a "Chinatown".

"We are building an international project and it will be run locally," said Liang recently at a China Roundtable discussion in New York, adding they are not relying on selling the condos to Chinese buyers.

The company, Liang said, recently raised $200 million and will spend half in the US market.

"Williamsburg is a strong market. We've done a number of buildings there, and I think they will do well," Spreckelsen noted.

Lipman said even though the Chinese are building up investment in the real estate market, the result is still unknown. "You are working on the future projections; it takes time to see (the result)," he said.
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Old June 22nd, 2013, 02:22 AM   #3268
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1 WTC

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1WTC by tectonic Photo, on Flickr
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Old June 22nd, 2013, 01:59 PM   #3269
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Quote:
Originally Posted by Vertical_Gotham View Post
Wanda launches $1b New York hotel project
http://www.ecns.cn/business/2013/06-21/69534.shtml
Wow! That's awesome. I predict that this will be a tall and impressive tower. I wonder where it will be. Midtown in the 50s is the logical area for a high-rise hotel.
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Old June 22nd, 2013, 02:09 PM   #3270
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Quote:
Originally Posted by Vertical_Gotham View Post
Wanda launches $1b New York hotel project
http://www.ecns.cn/business/2013/06-21/69534.shtml
Wow! That's awesome. I predict that this will be a tall and impressive tower. I wonder where it will be. Midtown in the 50s is the logical area for a high-rise hotel. Perhaps, they will partner with Hines on Torre Verre.

Here's another article from yesterday's WSJ on the same issue.

http://online.wsj.com/article/SB1000...805576546.html
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Old June 23rd, 2013, 07:42 AM   #3271
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900 Waterfront Apartments Berthing In Staten Island



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Staten Island is just piling on the megaprojects. There's the 65-acre development on the borough's South Shore in Charleston; the SHoP-designed, giant-wheel-equipped complex near the St. George Ferry Terminal; and today ground broke on a 900-unit mixed-use development on a former Navy port in Stapleton. The $180 million project is part of the city's New Stapleton Waterfront revitalization plan, and in addition to housing, it will bring 30,000-square-feet of retail and a public waterfront esplanade. Post-Sandy, developer Ironstate Development reworked the design of the LEED-certified project to incorporate more flood-prevention measures.

Not only will the project be constructed two feet higher than previously planned, but it will be surrounded by open space that will protect against flooding and shoreline corrosion. A 30,000-square-foot cove of tidal wetlands will be created between Canal and Water Streets, and a storm water management system will include 60,000-square-feet of bio-swales that will remove pollution from the water before it reaches the bay.

The first stage of the project, to be complete by 2015, will se 340,000-square-feet of residential and 25,000-square-feet of retail and parking. The second phase will bring 260,000-square-feet of residential and 5,000-square-feet of retail.








All: http://ny.curbed.com/archives/2013/0...waterfront.php
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Old June 23rd, 2013, 07:46 AM   #3272
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International Style!
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Old June 23rd, 2013, 07:47 AM   #3273
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3 Northside Piers rising:

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Northside Piers Construction by Joel Raskin, on Flickr
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Old June 23rd, 2013, 03:41 PM   #3274
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Quote:
Originally Posted by Vertical_Gotham View Post
Wanda launches $1b New York hotel project
http://www.ecns.cn/business/2013/06-21/69534.shtml
This is huge news!
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Old June 24th, 2013, 02:42 PM   #3275
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Here's another article about the new $1b, 5-Star hotel and condo that Dalian's Wanda group plans for NY. I am very curious where this will be.

http://news.yahoo.com/chinas-wanda-a...105646352.html
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Old June 24th, 2013, 02:57 PM   #3276
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I am curious how high it will be
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Old June 24th, 2013, 06:11 PM   #3277
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Originally Posted by sbarn View Post
Cladding is underway on 151 West 21st Street. Looks pretty nice, classy but not flashy. Hard to tell but looks like a grayish slate is being used and then brick on the side walls.
Chelsea Green Residential Development Could Potentially be the first LEED Version-3 Gold Certified Project
http://www.azobuild.com/news.aspx?newsID=16928



Quote:
Just a few blocks from the High Line, the now-famous restored elevated railway bed that today sports pedestrian walkways amid a landscape of greenery chosen for its hardiness and sustainability, a 14-story building is rising in New York's historic Chelsea neighborhood that promises its future residents a better way to live.

With more than 90 percent of its 51 units sold before it had climbed above street level, Chelsea Green is a 14-story, luxury condominium from Alfa Development that is putting wellness and the most advanced and state-of-the-art systems, front and center to maximize energy efficiency, resource conservation and indoor air quality.

Every aspect of the 74,000 square foot concrete structure is designed to consider its impact on the environment, notes Alfa, which believes it could be the first LEED Version-3 Gold certified project in the U.S. LEED attributes are found everywhere – from the cabinets to the heating and cooling systems, the rainwater irrigation system and the green roof. To ensure ultimate efficiency, LED lights have been mounted throughout the building and solar shades installed above the windows. In addition, Schöck Isokorb® Type CM thermal break connections are being used in the balconies on the 11th through the 14th floors to further enhance the building's energy performance.

Recently approved by the NYC Department of Buildings, the 52 concrete-to-concrete Isokorb® modules are being installed on ten, 7 ½ X 16 foot balconies at Chelsea Green; provide a solution to one of the most critical areas of energy loss in building construction: thermal bridges. These breaks occur whenever there is a penetration of the building's envelope. It is the first project in New York City to incorporate concrete structural thermal break elements, which are recognized worldwide for their effectiveness, but are relatively new to the U.S.

Each balcony at Chelsea Green is cantilevered out 7 ½ feet on 8-inch-thick tapered concrete slabs. "Traditional balcony attachments deal primarily with only the structural cantilever and as a result transmit exterior temperatures to the interior floor slabs, adding to the energy use of the unit," said Frank Mattiello, Senior Project Manager at Alpha Development. "This thermal bridge effect can be felt when walking barefoot in one's apartment, even when the heating or cooling systems are in operation."
Isokorb® type CM provides load-bearing thermal insulation for these slabs and transfers bending moment stress and shear forces. Its integrated hanging and tensile reinforcement mitigates the use of other costly elements like stirrups or hooped mat. "Their modular configuration enables simple installation and submittal design," Mattiello added.

In a recent post to Schöck's blog, Omalawa Abdullah-Musa of Stephen B. Jacobs Group, Chelsea Green's architectural firm noted, "This is a major breakthrough for combating thermal bridging in New York City residential buildings. The process for getting this product incorporated into the project was challenging, since it was relatively unknown to most structural engineers here. Chelsea Green has set the tone for future projects and we are looking forward to working with Schöck and spreading the word about this innovative technology."

Details
Project: Chelsea Green, 151 West 21st Street, New York, NY
Architect: Stephen B. Jacobs Group
Structural Engineer: WSP Cantor
Construction Company: DJM Construction
Products: Schöck Isokorb Type CM
Start of construction: Winter 2011
End of construction: Planned for Summer 2013
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Old June 24th, 2013, 06:25 PM   #3278
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I am curious how high it will be
me to maybe a supertall ?
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Old June 24th, 2013, 06:30 PM   #3279
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Originally Posted by RobertWalpole View Post
Here's another article about the new $1b, 5-Star hotel and condo that Dalian's Wanda group plans for NY. I am very curious where this will be.

http://news.yahoo.com/chinas-wanda-a...105646352.html
In the article it mentions, he is looking to build a Hotel and develop an apartment building next to each other. That $1B price tag is probably for both projects.

Quote:
The company is now in talks with potential partners for construction of a Wanda hotel AND an adjacent apartment building in New York
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Old June 24th, 2013, 06:59 PM   #3280
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I think that's simply erroneous reporting. I don't know where anyone could find two contiguous building parcels, and it would not make sense to build a 20 story hotel and a 50 story condo next to each other; among other reasons, height-based views command more money. Also, $1b is a very low price tag for two parcels and two buildings.
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