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Old May 21st, 2011, 04:22 PM   #22081
spiller9
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is that spire in the above renders the old version? i reckon it looks better than the current planned spire...
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Old May 21st, 2011, 06:44 PM   #22082
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Quote:
Originally Posted by TowersNYC View Post
FINALLY! A sunny day in NY
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Old May 21st, 2011, 07:58 PM   #22083
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I fifth that statement!
I sixith that. it looks really futuristic
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Old May 21st, 2011, 09:00 PM   #22084
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next week new steel will be erected to 68th floor
man, you really had a f...g spring so far in the big apple
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Old May 21st, 2011, 09:23 PM   #22085
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Been waiting a while Joe Woolhead's photos on his blog:
















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Old May 21st, 2011, 10:01 PM   #22086
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http://s2.postimage.org/wgwm4wqdg/owtce.png

It's in Dutch...

But look!


Last edited by IanG; May 21st, 2011 at 10:07 PM.
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Old May 21st, 2011, 10:17 PM   #22087
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In World Trade Center Lease Deal, Developer Is Winner



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It turns out the deal to bring Condé Nast to One World Trade Center in New York is particularly sweet for at least one party: the Durst Organization.

That’s because the family-run office landlord, which is paying $100 million for a 10% stake in One World Trade Center, is slated to get paid on both ends of the transaction.

Under the terms of the Condé deal, not only will Durst see rent come in at One World Trade Center, but it will also be guaranteed to get full rent at Condé’s existing home at 4 Times Square, a Durst building, compliments of the Port Authority of New York and New Jersey, people familiar with the matter said. The Port Authority is developing One World Trade Center, and agreed to sell Durst its 10% partnership stake last year.

For 4 Times Square, the Port Authority has agreed to cover the final five years or so of Condé’s 800,000-square-foot lease – which runs through 2019 – a carrot offered by the agency in an effort to woo Condé downtown. (The rent is below market, so the Port Authority believes it will not be difficult to find a tenant that would cover its costs, and it could even see a profit.)

Of course it’s not uncommon for landlords to do this when they sign large new tenants. Leasing dates don’t always line up perfectly, and given that tenants don’t want to pay rent in two offices, they may ask their new landlord to cover the rent in their old building until that lease expires. The new landlord benefits by getting a long-term lease with a big tenant, so it makes sense to pay a little to the old landlord if it seals the deal.

But what’s unusual about this deal is that it’s not the full new landlord partnership (the Port Authority and Durst) that is paying the inducement to woo Condé. Rather, just one party in that partnership—the Port Authority—assumes the rent payments for Condé. In turn, both the Port Authority and Durst together reap the benefits (rent payments and leasing momentum) of having the magazine publisher move to One World Trade.

To be sure, there are other aspects of the Durst and Port Authority in which costs are borne in full by the Port Authority, so the Condé lease assumption arrangement isn’t entirely without precedent. Higher than expected construction costs, for instance, are assumed by the agency and not Durst. This likely is because the Port Authority is building the tower, and the development firm has just played an advisory role since signing onto the tower last year.

Durst also brings many things to the table with the Port Authority, including a long history with Condé, perhaps a factor in attracting the publisher to the tower.

It’s unclear just how much risk the Port Authority is assuming with the last five years of the Condé lease at 4 Times Square, given that the agency has yet to make public how high the rent is. The lower it is, the lower the risk given that it would be easier to find a tenant willing to fill it. Safe to assume, however, that the cost of the lease is in the low- to mid-tens of millions per year.

The near-deal with Condé comes as the Port Authority is winding down its final negotiations with Durst. While the two have been working together for months, the deal has yet to close, although it is expected to be signed as soon as next week.
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Old May 21st, 2011, 10:33 PM   #22088
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Quote:
It's in Dutch...
It's in Polish, which fortunately I can read. Still, a great diagram even for those who can't read it.
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Old May 21st, 2011, 10:36 PM   #22089
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Originally Posted by toren1776 View Post
It's in Polish, which fortunately I can read. Still, a great diagram even for those who can't read it.
Lovely.
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Old May 21st, 2011, 11:05 PM   #22090
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Here comes the rain again!!!

Notice the outside elevator of Beekman Tower is finally coming down!

image hosted on flickr

DSC_0634 by Ceva321, on Flickr
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Old May 21st, 2011, 11:06 PM   #22091
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The shorter guy on the last picture looks like Bono.
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Old May 22nd, 2011, 12:22 AM   #22092
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Quote:
Originally Posted by TowersNYC View Post
Notice the outside elevator of Beekman Tower is finally coming down!

image hosted on flickr

DSC_0634 by Ceva321, on Flickr
Doesn't look like the end so much to me!!

What's that you say more rain in NYC? Oye Vaye!!
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Old May 22nd, 2011, 01:08 AM   #22093
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Quote:
Originally Posted by TowersNYC View Post
Notice the outside elevator of Beekman Tower is finally coming down!
Finally!
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Old May 22nd, 2011, 01:59 AM   #22094
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Quote:
Originally Posted by IanG View Post
I speak dutch and that is not dutch. It seems some sort of slavic language.

Edit: I see somebody already said that is is polish.
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Old May 22nd, 2011, 02:42 AM   #22095
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This lovely tower begins to dominate the skyline
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Old May 22nd, 2011, 04:14 AM   #22096
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Quote:
Originally Posted by IanG View Post
http://s2.postimage.org/wgwm4wqdg/owtce.png

It's in Dutch...

But look!
if you want to know what it says, i think this may help http://translate.google.com/#nl|en|
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Old May 22nd, 2011, 08:32 AM   #22097
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Quote:
Originally Posted by Davidsam52 View Post
Doesn't look like the end so much to me!!

What's that you say more rain in NYC? Oye Vaye!!
Excuse my Australian ignorance here, but those brown apartment buildings in the foreground of Carlos' pics - what are they? Are they upmarket?
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Old May 22nd, 2011, 08:38 AM   #22098
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amazing.
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Old May 22nd, 2011, 11:58 AM   #22099
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Quote:
Originally Posted by Northerly View Post
Excuse my Australian ignorance here, but those brown apartment buildings in the foreground of Carlos' pics - what are they? Are they upmarket?
Look at these links.....

http://www.stuytown.com/neighborhood.aspx

.
http://www.watersideplaza.com/about/...age.jsp&id=101
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Last edited by TowersNYC; May 22nd, 2011 at 12:14 PM.
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Old May 22nd, 2011, 12:13 PM   #22100
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edit

Last edited by texdago; May 29th, 2011 at 01:04 PM.
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