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 > General Urban Developments > DN Archives



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 March 10th, 2010, 05:05 PM   #241
HK999
University of HK / 香港大學
 
Join Date: Jul 2009
Location: Hong Kong SAR / 香港特區
Posts: 3,389
Likes (Received): 336

http://www.observer.com/2010/real-estate/shadow-boom

In the Shadow of the Boom



By Dana Rubinstein
March 9, 2010

Quote:
Once upon a time, two young men named Ira Shapiro and Marc Jacobs left Rockland County for the isle of Manhattan to build a tower all the way to the sky. Day by day, week by week, their tower at One Madison Park rose. New York’s glitterati took notice. Parties were held. Photographs flashed. Messrs. Shapiro and Jacobs knew how their story would end: They’d walk away richer than before. More important than before. They’d be New York powerful.

They almost succeeded. Together, they built one of the tallest, most architecturally ambitious Manhattan skyscrapers of the decade. But in the end, their fairy tale was more Brothers Grimm than Walt Disney, ending with a fractured relationship between the onetime friends, a pile of lawsuits and, now, a looming foreclosure.

In February, iStar, the bank that now holds the more than $200 million debt on the 60-story condo tower at 23rd Street and Madison Avenue, sued for foreclosure. The men’s firm, Slazer Enterprises, is the defendant in more than a dozen lawsuits. And Mr. Jacobs and his wife, Rochelle, are now accusing Mr. Shapiro of fraudulently misusing his and his wife’s signatures.

....Now, the fate of the building’s buyers and investors rests with the courts. About a dozen of the building’s 90 condos are occupied. And insiders estimate that the more than $70 million in escrow from contracted buyers should cover the completion of both One Madison Park and the tower behind it, which has yet to begin construction.

The fates of the dozens of buyers in contract with the building remain unresolved. The state attorney general’s office could grant buyers a right of rescission, which would allow them to demand their deposits back. But given the prestige of the building, its powerful allure and its ideal location, buyers might well choose to stick out the turmoil.

....At least it’s not ugly. Indeed, on a recent springlike evening, the skyscraper could be seen rising spectrally through the branches of the London plane trees that live on the north side of Madison Square Park. The reflection of the backlit 700-foot Clock Tower on Madison Avenue—another distressed condo conversion—shimmered on One Madison Park’s reflective facade.

The tower was, in its overpowering, hubristic way, kind of pretty.
__________________
Sapientia et Virtus 明德格物
Industrial Organization, MSc
HK999 no está en línea   Reply With Quote

Sponsored Links
Old March 10th, 2010, 09:56 PM   #242
Draegen
I LIKE SKYSCRAPERS
 
Draegen's Avatar
 
Join Date: Mar 2010
Location: New York, NY
Posts: 466
Likes (Received): 44

Oh well atleast the building is done
Draegen no está en línea   Reply With Quote
Old March 15th, 2010, 03:07 PM   #243
HK999
University of HK / 香港大學
 
Join Date: Jul 2009
Location: Hong Kong SAR / 香港特區
Posts: 3,389
Likes (Received): 336

image hosted on flickr

andrew mace
__________________
Sapientia et Virtus 明德格物
Industrial Organization, MSc

Pohtija liked this post
HK999 no está en línea   Reply With Quote
Old March 15th, 2010, 04:35 PM   #244
bajanssen
Registered User
 
Join Date: Feb 2009
Location: Tilburg aka Kruikenstad
Posts: 289
Likes (Received): 46

Such a strange building.
__________________
Witte wè ge kunt?? Niks kunde, dè kunde!
bajanssen no está en línea   Reply With Quote
Old March 15th, 2010, 04:51 PM   #245
pokistic
Registered User
 
pokistic's Avatar
 
Join Date: May 2007
Posts: 610
Likes (Received): 4

Wow I love this building! Slim and tall.
pokistic no está en línea   Reply With Quote
Old March 17th, 2010, 02:05 AM   #246
JohnFlint1985
I love New York
 
JohnFlint1985's Avatar
 
Join Date: Jun 2007
Location: New York - New Jersey
Posts: 15,621
Likes (Received): 6558

Today











__________________
RIP QuantumX & Desertpunk

"Dissent is the highest form of patriotism.” Thomas Jefferson
"We Shall Never Surrender." Winston Churchill
“Not all those who wander are lost.” J.R.R. Tolkien
"Patriotism is the virtue of the vicious." Oscar Wilde
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." Benjamin Franklin
JohnFlint1985 no está en línea   Reply With Quote
Old March 17th, 2010, 09:20 AM   #247
kartinkent
Registered User
 
Join Date: Feb 2010
Posts: 4
Likes (Received): 0

Hello guys

These all tower are ridiculously slim, but I like it a lot.
NY has some stunning skyscrapers.

Its awesome really.
__________________
r4 dsi
kartinkent no está en línea   Reply With Quote
Old March 21st, 2010, 08:56 PM   #248
thryve
°°°°°°°°°°
 
Join Date: Mar 2005
Location: Toronto
Posts: 5,346
Likes (Received): 22

This reminds me alot of 300 Front Street West which is a project of similar height to go up in Toronto.

I love how slim it is, and the boxed sections that stick out of it-- the colour choices are also nice.

thryve no está en línea   Reply With Quote
Old March 24th, 2010, 12:36 AM   #249
Eric Offereins
The only way is up
 
Eric Offereins's Avatar
 
Join Date: Jan 2004
Location: Rotterdam
Posts: 68,624
Likes (Received): 28178

From close, you can really see how empty it still is. I hope it will get a better occupancy soon.
Eric Offereins no está en línea   Reply With Quote
Old March 24th, 2010, 01:01 AM   #250
DesignerVoodoo
Registered User
 
DesignerVoodoo's Avatar
 
Join Date: Feb 2007
Location: New York City
Posts: 146
Likes (Received): 91

Quote:
Originally Posted by Eric Offereins View Post
From close, you can really see how empty it still is. I hope it will get a better occupancy soon.
You would have to read the posts, not just look at the pretty pictures to understand why this building is empty.
__________________
mmm---skyscraper i love you
DesignerVoodoo no está en línea   Reply With Quote
Old March 24th, 2010, 02:26 AM   #251
m4rcin
northwesternlised
 
m4rcin's Avatar
 
Join Date: May 2006
Location: POZnan* (Poland) / Manchester (UK)
Posts: 512
Likes (Received): 102

Amaizing tower!
m4rcin no está en línea   Reply With Quote
Old March 25th, 2010, 05:18 AM   #252
IU
->
 
IU's Avatar
 
Join Date: Apr 2006
Location: Hanooz Dilli dur ast
Posts: 10,545

took these today from the ESB-




IU no está en línea   Reply With Quote
Old March 25th, 2010, 05:44 AM   #253
RobertWalpole
BANNED
 
Join Date: Mar 2010
Posts: 4,607
Likes (Received): 2508

Cool tower!
RobertWalpole no está en línea   Reply With Quote
Old March 25th, 2010, 09:41 AM   #254
wiliamjoan
Registered User
 
Join Date: Mar 2010
Posts: 4
Likes (Received): 0

Although Hong Kong practically has invented pencil towers which is first one in the entire world, there's no way this beauty can be replicated in HK. Very beautiful done.
__________________
iedge karte
wiliamjoan no está en línea   Reply With Quote
Old May 20th, 2010, 02:40 PM   #255
HK999
University of HK / 香港大學
 
Join Date: Jul 2009
Location: Hong Kong SAR / 香港特區
Posts: 3,389
Likes (Received): 336

image hosted on flickr

remoss
__________________
Sapientia et Virtus 明德格物
Industrial Organization, MSc
HK999 no está en línea   Reply With Quote
Old May 21st, 2010, 03:21 AM   #256
Andre_idol
Fluorescent Adolescent
 
Andre_idol's Avatar
 
Join Date: Aug 2008
Location: Barcelos > Oeiras, Portugal
Posts: 6,251
Likes (Received): 418

Like they said "at least it´s not ugly"...

Love this tower
__________________
School trip to: Brussels!
Andre_idol no está en línea   Reply With Quote
Old May 23rd, 2010, 09:08 AM   #257
Ni3lS
Moderator
 
Ni3lS's Avatar
 
Join Date: Jun 2007
Location: Stuttgart
Posts: 16,465
Likes (Received): 3423

Completed.
__________________
MY SHOWCASE
FLICKR / MY TRAVELS:
[2016] > Norway, Valencia, Arvidsjaur, Innsbruck, Moselvalley, Geneva, Lisbon, Basel, Vosges, Munich, Trieste, Barcelona, Nürburgring, Frankfurt, Spa, Berlin, Wuppertal, Dortmund, Como, Monaco, Saint-Tropez, Tegernsee, Hamburg, Lübeck, Madrid, Stuttgart, Faro, Hochgurgl
[2017] > Düsseldorf, Mallorca, Geneva, Annecy, Montafon, Vorarlberg, Barcelona, Zürich, Crete, Lisbon, Cascais, Málaga, Ronda, Dolomiti, Sistiana, Kitzbühel
Ni3lS no está en línea   Reply With Quote
Old May 23rd, 2010, 09:09 AM   #258
xXFallenXx
Registered User
 
xXFallenXx's Avatar
 
Join Date: Jun 2007
Location: Temecula, CA
Posts: 3,859
Likes (Received): 170

I really love this one.
The penthouse must be stunning.
xXFallenXx no está en línea   Reply With Quote
Old May 23rd, 2010, 01:52 PM   #259
HK999
University of HK / 香港大學
 
Join Date: Jul 2009
Location: Hong Kong SAR / 香港特區
Posts: 3,389
Likes (Received): 336

Quote:
Originally Posted by Ni3lS View Post
Completed.
it's about time.
__________________
Sapientia et Virtus 明德格物
Industrial Organization, MSc
HK999 no está en línea   Reply With Quote
Old July 10th, 2010, 05:25 PM   #260
HK999
University of HK / 香港大學
 
Join Date: Jul 2009
Location: Hong Kong SAR / 香港特區
Posts: 3,389
Likes (Received): 336

one last shot...

jerome648

image hosted on flickr
__________________
Sapientia et Virtus 明德格物
Industrial Organization, MSc
HK999 no está en línea   Reply With Quote


Reply

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 07:17 AM.


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