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Old January 10th, 2013, 03:58 AM   #1701
RobertWalpole
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Quote:
Originally Posted by patrykus View Post
I'm not surprised at all. Everybody is keep saying 432 is taller so it has to be more expensive, forgetting that front view of cp is something you can't easily replace with height.
57th and Park is a significantly better address than 57th and 7th.
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Old January 10th, 2013, 04:01 AM   #1702
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What hotel is going in this tower?
I think that Hines ditched the hotel component when the tower was redesigned. Its website makes no reference to a hotel. Nonetheless, Adamson Associates' website still refers to the hotel.

Last edited by RobertWalpole; January 10th, 2013 at 04:09 AM.
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Old January 10th, 2013, 04:06 AM   #1703
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Quote:
Originally Posted by RobertWalpole

57th and Park is a significantly better address than 57th and 7th.
prices suggest otherwise..
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Old January 10th, 2013, 04:29 AM   #1704
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Perhaps the prices are higher cause the walk to the park is shorter?
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Old January 10th, 2013, 08:13 AM   #1705
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This design is starting to grow on me. I wonder what will be in the top portion of the building because it almost looks like an empty glass enclosure.
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Old January 10th, 2013, 01:40 PM   #1706
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Quote:
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Perhaps the prices are higher cause the walk to the park is shorter?
This is probably ore about the view over Central Park than the length of the walk to it.
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Old January 10th, 2013, 02:06 PM   #1707
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Perhaps the prices are higher cause the walk to the park is shorter?
Those pre-construction prices will rise dramatically. They did for One57.
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Old January 10th, 2013, 08:33 PM   #1708
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Quote:
Originally Posted by Eric Offereins View Post
This is probably ore about the view over Central Park than the length of the walk to it.
I would think access to the park plays an important role in dense manhattan. One57 is closer to the park.
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Old January 10th, 2013, 10:04 PM   #1709
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I would think access to the park plays an important role in dense manhattan. One57 is closer to the park.
I don't think that billionaires who own these units are spending a lot of time in the park. They''re off to the Hampton s, Connecticut, etc on the weekends. The foreign buyers certainly don't care about access to the park.
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Old January 10th, 2013, 10:17 PM   #1710
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I don't think that billionaires who own these units are spending a lot of time in the park. They''re off to the Hampton s, Connecticut, etc on the weekends. The foreign buyers certainly don't care about access to the park.
So they are missing out then. They won't experience the true NYC life and spirit of the city and instead prefer to isolate themselves in a dull Connecticut suburb.

The foreign buyers care about what then? Just the prestige of having a New York adress without actually experiencing what makes New York the vibrant city it is? What a joke.
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Old January 10th, 2013, 10:55 PM   #1711
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The foreign buyers care about a safe place to park their shekels.
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Old January 10th, 2013, 10:59 PM   #1712
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Quote:
Originally Posted by aquablue View Post
So they are missing out then. They won't experience the true NYC life and spirit of the city and instead prefer to isolate themselves in a dull Connecticut suburb.

The foreign buyers care about what then? Just the prestige of having a New York adress without actually experiencing what makes New York the vibrant city it is? What a joke.
I don't think you understand what's going on here. A lot of the demand behind these luxury towers comes from very wealthy people from countries whose economies are falling apart, looking for a secure property to invest their money in. A lot of the higher floors in these towers will likely be flipped for a profit.
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Old January 10th, 2013, 11:36 PM   #1713
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^

Exactly. There was an article on either Curbed or RealDeal within the past week or so, with a title of something along the lines of, "Wealthy Foreigners use New York Real Estate as Safety Deposit Box." That sums up what's happening with a lot of these high end units.
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Old January 11th, 2013, 12:26 AM   #1714
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It still depresses me that "flipping" and "safe havens" are all these buildings and homes are being used for. It's great there bringing money into this country and helping our construction industry. But I wish it could be something more.
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Old January 11th, 2013, 12:34 AM   #1715
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Is this prep already ?
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Old January 11th, 2013, 12:46 AM   #1716
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Is this prep already ?
Yes, there were pics some weeks ago which showed some activity on the plot
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Old January 11th, 2013, 01:11 AM   #1717
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It still depresses me that "flipping" and "safe havens" are all these buildings and homes are being used for. It's great there bringing money into this country and helping our construction industry. But I wish it could be something more.
Well, the idea is eventually the units will be bought by people who intend to live in them. The prices are as high as they are because they are deemed to be highly desirable. This is the case with basically every property in the Central Park area.
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Old January 11th, 2013, 01:39 AM   #1718
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Flip after how long do you think? What is the market for these flippers, foreign or domestic?


I realize this is the same process that helped fuel Dubais boom. Wealthy people from an unstable or poor area buying safe haven investments in a secure economy.

Last edited by aquablue; January 11th, 2013 at 01:54 AM.
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Old January 11th, 2013, 02:15 AM   #1719
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do we have any information superstructure building material?
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Old January 11th, 2013, 02:21 AM   #1720
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Quote:
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I realize this is the same process that helped fuel Dubais boom. Wealthy people from an unstable or poor area buying safe haven investments in a secure economy.
Nope. Not even close. Dubai was built with oil well money and dirt cheap labor. Central Park > some random sand dune.
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