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Old October 19th, 2007, 06:53 AM   #641
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^
go out and enjoy life!!
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Old October 19th, 2007, 08:32 PM   #642
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Quote:
Originally Posted by Ebola
Will you guys sign my petition to get the towers back to their old heights?
It could just be a distortion similar how to how maps show Greenland when it's really the size of Mexico.
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Old October 20th, 2007, 02:51 PM   #643
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pathrestoration.com















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Old October 21st, 2007, 07:11 AM   #644
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grat pics....continue the flow!!!
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Old October 21st, 2007, 08:21 PM   #645
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Great rendering omg!!!!!!
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Old October 27th, 2007, 12:52 AM   #646
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http://www.nytimes.com/2007/10/25/bu...=1&oref=slogin
Merrill Lynch Expected to Quit Downtown for Midtown

By CHARLES V. BAGLI
Published: October 25, 2007

Merrill Lynch & Company, the world’s largest brokerage firm, appears ready to move its longtime headquarters from Lower Manhattan to a new skyscraper in Midtown, across Seventh Avenue from Pennsylvania Station, according to government officials and real estate executives.

The move would be a blow to downtown and its supporters in Albany, including Gov. Eliot Spitzer, and it would hobble efforts to re-establish ground zero as a financial center. But it would be a major boost to the developer Steven Roth’s ambitions for the Penn Station area.

Both Larry A. Silverstein, the developer at ground zero, and Brookfield Properties, Merrill’s current landlord at the nearby World Financial Center, submitted sweetened last-minute offers last week that were as much as $1 billion cheaper than the Midtown option, according to government officials and real estate executives who have been briefed on the negotiations.

But the investment bank has “given every indication,” those officials and executives said, that it plans to build a $4 billion, 3 million-square-foot tower on Seventh Avenue, between 32nd and 33rd Streets, that would be home for 11,000 employees. The building, at the current site of the Hotel Pennsylvania, would have significantly more square footage than the Empire State Building, though it might not be as tall.

Indeed, Merrill is negotiating with the owner of the Midtown development site, Mr. Roth’s Vornado Realty Trust, and interviewing prospective developers for the project this week, including Tishman Speyer Properties, Rudin Management and Hines, according to real estate executives.

The potential relocation, which would not occur until 2013, comes as Merrill reported $7.9 billion in write-downs yesterday, leading to its first quarterly loss in six years. State officials hold out hope that the company’s difficult financial situation will prompt it to reconsider leaving Lower Manhattan.

“We understand that Merrill is still reviewing several options and suspect that they have to take into account a variety of factors, including cost and execution risk, before determining how to proceed,” said Avi Schick, president of the Empire State Development Corporation, who has been involved in discussions with Merrill Lynch.

Jason Wright, a Merrill spokesman, said the company was “evaluating all our options” and expected “to come to a conclusion shortly.”

Jones Lang LaSalle, the real- estate firm advising Merrill, did not return calls requesting comment. A Roth spokesman also declined comment.

Merrill has been negotiating with Vornado over the terms of a billion-dollar 65-year lease that would give the company control of the half-block hotel site, according to executives who have been briefed on the talks. Those executives noted that the negotiations could fall apart given the hard-bargaining nature of the participants and Merrill’s financial situation.

Under the proposed deal, Merrill would demolish the hotel and erect a building that would include 80,000-square-foot trading floors on the lower levels. But there are questions about whether the tower can be completed by 2013, when Merrill’s lease expires at the World Financial Center. The Hotel Pennsylvania demolition project requires public approval, which could take a year, and would entail building over the railroad tracks that run beneath the hotel and pose engineering and security challenges.

“We have not given up on keeping them downtown,” said Assembly Speaker Sheldon Silver, whose district includes Lower Manhattan. “There’s more certainty downtown. Uptown, they need all kinds of approvals and zoning.”

Penn Station is the latest real estate frontier. Mr. Roth and Vornado, along with a second developer, the Related Companies, have proposed a $14 billion overhaul of the dowdy neighborhood. Their plans include the demolition of Madison Square Garden to make way for a new Pennsylvania Station, the conversion of the general post office on Eighth Avenue into an adjunct train station as well as a new Garden, and the development of office towers with a total of 6.3 million square feet.

A deal with Merrill would provide some financial security for a bid by Vornado and the Durst Organization for the development rights over the West Side railyards, three blocks west of the Hotel Pennsylvania. The Bloomberg administration has vigorously promoted the railyards project.

“We’d like to see Merrill stay in Lower Manhattan — which is clearly a better value for them and one of the fastest-growing business districts in the country,” said John Gallagher, a spokesman for Deputy Mayor Daniel L. Doctoroff. “However, it is critical that Merrill stay in New York City.”

Merrill has been actively looking at various options for a new headquarters for more than a year, though it has not discussed leaving the city. It has wanted the kind of huge trading floors that Goldman Sachs is building in its new headquarters on West Street, opposite ground zero, and enough space to bring all its employees under one roof.

Last week, Merrill asked for final offers from three contestants: Mr. Roth and Vornado; its current landlord, Brookfield Properties; and Mr. Silverstein, developing three towers at ground zero. With the possibility of Merrill’s departure seeming to grow more real, Governor Spitzer called Stanley O’Neal, Merrill Lynch’s chief executive, to make a personal appeal.

Brookfield submitted the least expensive plan, to expand the lower floors at 2 World Financial Center to accommodate the trading floors. But it would have required several years of construction and office relocation.

After months of resisting Merrill’s demands, Mr. Silverstein finally proposed selling a site at ground zero and reconfiguring the existing design. But it would not have allowed for the extra large trading floors.

Mr. Silverstein had insisted on what Merrill executives considered an especially high price — until last week, when he cut his price by nearly $400 million, a particularly large sum that late in the negotiations, according to three people involved in the talks.

If Merrill Lynch goes to Midtown, it would mark the third major investment bank after Goldman Sachs and JPMorgan Chase & Company, that could not come to terms with Mr. Silverstein.

It was only in June that Governor Spitzer, Mayor Michael R. Bloomberg and Mr. Silver were trumpeting a remarkable comeback at the former World Trade Center site and downtown generally. JPMorgan Chase had just announced that it would build a $2 billion headquarters near ground zero for its investment banking business. Both the new PATH station and the Freedom Tower, the tallest skyscraper at ground zero, were under construction.

Some downtown business executives and state officials are now concerned that Merrill’s departure would undercut the downtown resurgence. The bank would leave behind 2.5 million square feet of office space at the World Financial Center around the same time the Port Authority of New York and New Jersey would be trying to fill more expensive space at the 2.6 million-square-foot Freedom Tower and Mr. Silverstein would be looking for tenants for three other big towers planned for ground zero.

Barry Gosin, vice chairman of Newmark Knight Frank, was cautiously optimistic, however. He said the loss of a single institution would not reverse what has happened downtown. “It may slow down the leasing at the World Trade Center and the World Financial Center,” he said. “But all the things happening downtown will outweigh the impact. There’s a critical mass of firms.”
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Old October 27th, 2007, 01:05 AM   #647
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Quote:
Originally Posted by Ebola View Post
They downsized these towers because of money problems and fear of terrorism!!!!! Can you believe this!? I'm going to make a petition! It looks like they just took height and added mass.



[IMG]http://i22.************/111jx9j.jpg[/IMG]


New Heights:

Tower 2: 766 feet
Tower 3: 690 feet
Tower 4: 600 feet

IDIOTS!!! HOW CAN THEY DO THIS!??

Will you guys sign my petition to get the towers back to their old heights?
It obviously just stretched out. Look at the reflection of the World Financial Center in the rightmost building (or try because it's almost unrecognizable when it's that stretched out).
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Old October 27th, 2007, 02:52 AM   #648
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Does the fact that they "quit Downtown" and the WTC mean it's more likely that they'll invest into the whole MSG tower thing or the rail yards? That increases the chance for more supertalls. Downtown already has enough giants. Chase, GS, AMEX, ect. Maybe you should start caring about getting supertall twin towers for midtown.
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Old October 27th, 2007, 07:34 AM   #649
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Quote:
Originally Posted by Ebola View Post
Does the fact that they "quit Downtown" and the WTC mean it's more likely that they'll invest into the whole MSG tower thing or the rail yards? That increases the chance for more supertalls. Downtown already has enough giants. Chase, GS, AMEX, ect. Maybe you should start caring about getting supertall twin towers for midtown.
You forgot JP Morgan among the financial giants staying in the downtown district. The new financial district (yet to be named) in midtown will have Merrill Lynch as the flagship financial service company (which is the largest on earth) to jumpstart the new area. Morgan Stanley and Lehman Brothers are rumoured to move to the westside yards as well, creating almost a perfect balance between the two financial areas.
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Old October 28th, 2007, 03:36 AM   #650
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Isn't the West Side megaproject, once completed, going to be the largest CBD in North America behind Lower Manhattan, Chicago Loop, and Midtown Manhattan? That's what the officials say, and it looks like they will be right.


NYC will have three massive CBDs, plus other good financial areas too, like DT Brooklyn. Really unmatched. Once these towers go up, people will flood into them. I think that towers 2, 3 and 4 hold up to 60,000 office workers.
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Old October 30th, 2007, 06:19 AM   #651
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image hosted on flickr


I found this wonderful pic of the WTC complex online.
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Old October 30th, 2007, 08:31 PM   #652
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Nice buildings! That biggest is just weird looking structure. Remembers me about toothpaste tube. Anyway, Is this project also Foster+Partners's signature?
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Old October 31st, 2007, 07:24 AM   #653
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OMG In that model the Foster's tower 'pinnacle' is taller than the FT's roof
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Old October 31st, 2007, 07:37 AM   #654
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Wow, that's true.
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Old October 31st, 2007, 07:39 AM   #655
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I hope it is actually like that. my dream...
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Old October 31st, 2007, 12:13 PM   #656
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They should stretch the FT to a roof height of 1776 and the pinnacle height to 2001 feet. Than they would have two iconic numbers in the design and NY will finally have something really special heightwise again.
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Old October 31st, 2007, 01:19 PM   #657
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beside that ridiculous number allegory, I don't understand what's the deal with faking the height with spires. The FT would look much better without and the roof stretched higher
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Old October 31st, 2007, 01:28 PM   #658
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the symbolic number thing has result from a stupid idea from mister libeskind. i think who will be there and think mhhhh yes nice 1776 feet. Noone. I mean this is the most stupid idea in the history of skyscrapers IMO! They had the chance to build something really iconic and have failed it.
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Old November 9th, 2007, 03:24 AM   #659
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Work on the slurry wall should be done in a few weeks. Looking nice.


Last edited by Ebola; November 16th, 2007 at 02:48 AM.
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Old November 16th, 2007, 02:45 AM   #660
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^Jack that's one great picture. It's hard to believe that these will be starting up in only a few weeks from now.
I wonder which tower will start up first. Most likely Tower 4.

Nov. 2007
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