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Old August 18th, 2008, 02:58 AM   #81
Skyscrapers 2009
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Tall and slim towers with lots of glass, that's a combination i like.
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Old August 18th, 2008, 11:38 PM   #82
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elegant shape too.
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Old August 19th, 2008, 03:33 AM   #83
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this one really will stand out because if its location.
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Old August 22nd, 2008, 08:21 PM   #84
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i really like it. its elegant and simple.
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Old August 23rd, 2008, 08:28 PM   #85
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This is U/C? I swear when I checked this thread a few days ago it was Proposed...
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Old August 23rd, 2008, 08:52 PM   #86
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look at post 77
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Old November 29th, 2008, 01:40 PM   #87
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bad news...this one is On Hold at least until spring 2009
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Old December 1st, 2008, 02:09 AM   #88
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I agree, hearst tower it, or don't touch it.

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Old December 6th, 2008, 12:36 AM   #89
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http://ny.therealdeal.com/articles/5...n-date-delayed

50 West Street completion date delayed

12/03/08
By David Jones

Time Equities said its $600 million hotel and condominium project at 50 West Street could be delayed until 2012 as the market for new construction financing in New York has all but dried up.

After originally breaking ground in June, the New York-based developer said it has a bridge loan to complete the tower's foundation, but warned that construction financing will likely be delayed until third-quarter 2009.

"It's been a difficult financing market for a year now, but it's gotten tremendously more difficult in the last 90 days," said Phillip Gesue, director of acquisitions and development at Time Equities.

The 65-story building was expected to be one of the crown jewels in the city's effort to convert Lower Manhattan into a full-time residential neighborhood. Famed architect Helmut Jahn of Chicago is designing the 580,000-square-foot tower, which is slated to include a 155-room luxury hotel, a 280-unit condominium and ground floor retail space. Jahn, of Murphy/Jahn Architects, previously designed Park Avenue Tower, at 65 East 55th Street; 425 Lexington Avenue at 44th Street; and Cityspire, at 150 West 56th Street.

The tower was also expected to receive a LEED-Gold rating, offering environmentally friendly features such as a green roof, automated window blinds, energy control systems and recycled construction materials.

As part of the agreement, the New York State Energy Research and Development Authority is providing some of the financing for the project. Time Equities is donating $4.6 million to the city Department of Housing Preservation and Development's affordable housing preservation fund.

The project was originally scheduled for completion by mid-2011, however the lack of financing forced the developer to push the completion date to late 2011 or early 2012, Gesue said.

The delay is not unique to Time Equities, as an August report released by CB Richard Ellis shows. The report noted that 30 percent of the city's new hotel inventory would be delayed or canceled before the end of 2010 due to increased construction costs, tight capital market and the economic downturn.

CBRE now estimates that 69 hotels with 10,836 rooms will open in New York before the end of 2010, which is a 23 percent drop from previous estimates.

Attorney Mark Fawer, chairman of the real estate department at Dreier LLP, said that some developers, even if they can obtain financing, will have to make tough decisions about the long-term potential of new hotel and condo combinations.

"New buyers may look to either hold the land until the market recovers and operate them as a condo project down the road," he said. "Alternatively, they may look to reconfigure the project as rental apartments as opposed to for-sale condos."
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Old December 6th, 2008, 03:52 AM   #90
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i dont know.. i like the small building... i liked the new project
but...
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Old December 6th, 2008, 08:24 AM   #91
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Quote:
Originally Posted by f.e.s.b.r. View Post
i dont know.. i like the small building... i liked the new project
but...
now explain that in English please
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Old December 6th, 2008, 01:14 PM   #92
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what is he talking about?
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Old December 6th, 2008, 05:48 PM   #93
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You know... some people operate at a special speed... Just let him be.
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Old December 7th, 2008, 03:35 AM   #94
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I feel he means he likes small buildings, but am not 100% sure.
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Old December 7th, 2008, 12:21 PM   #95
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Are there any new construction pics?
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Old December 7th, 2008, 01:21 PM   #96
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maybe..but the tower is on-hold, so you won't see much
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Old December 9th, 2008, 08:41 PM   #97
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Looks nice. While it's important to preserve some buildings, you can't preserve all of them. If you do that the city won't change. For example, just look at most Italian cities today. Used to be very important, but preservation got out of hand, and now people mainly go there to look at the nice buildings, not to do business.

It's great that New York still has the ability to renew itself.
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Old December 10th, 2008, 12:08 AM   #98
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Quote:
Originally Posted by f.e.s.b.r. View Post
i dont know.. i like the small building... i liked the new project
but...
He liked the small building that stood there before but he likes the new project, but he still is not sure if he likes it enough to have razed the smaller building.
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Old December 10th, 2008, 12:59 AM   #99
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i wish this building, although really nice looking, wouldn't be built. or at least in that location. the old building was so nice. i think its a mistake what they did.
Wish the developer could've chosen another spot
but since we can't bring that beautiful building back, may as well complete it! It will look great
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Old December 10th, 2008, 02:12 AM   #100
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This has a good chance of being canceled & moved to new spot.

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