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 > Supertalls

Supertalls Discussions of projects under construction between 300-599m/1,000-1,999ft tall.
» Proposed Supertalls



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 January 26th, 2013, 09:24 PM   #2061
Eric Offereins
The only way is up
 
Eric Offereins's Avatar
 
Join Date: Jan 2004
Location: Rotterdam
Posts: 68,706
Likes (Received): 28342

Not really a problem for offices, more for apartments. Who wants to buy here, knowing that this will be a construction site for the next 5-10 years or so?

Last edited by Eric Offereins; January 26th, 2013 at 09:31 PM.
Eric Offereins no está en línea   Reply With Quote

Sponsored Links
Old January 26th, 2013, 10:04 PM   #2062
RobertWalpole
BANNED
 
Join Date: Mar 2010
Posts: 4,607
Likes (Received): 2508

It didn't hurt BPC or the Trump project on the UWS.
RobertWalpole no está en línea   Reply With Quote
Old January 27th, 2013, 03:24 AM   #2063
RobertWalpole
BANNED
 
Join Date: Mar 2010
Posts: 4,607
Likes (Received): 2508

I just read that the city is buying the entire block between 11th and 12th Aves and W29th and W30th Sts to build park space.
RobertWalpole no está en línea   Reply With Quote
Old January 27th, 2013, 08:32 PM   #2064
tim1807
faster than buildings
 
tim1807's Avatar
 
Join Date: May 2011
Location: Den Helder
Posts: 10,325
Likes (Received): 5334

Sounds good, that's better then what is there now and it's next door.
tim1807 no está en línea   Reply With Quote
Old January 28th, 2013, 05:40 PM   #2065
RobertWalpole
BANNED
 
Join Date: Mar 2010
Posts: 4,607
Likes (Received): 2508

Sony will need a lot of space in a few years.

http://www.crainsnewyork.com/article...TATE/301279967

How did this man buy that building?
Joseph Chetrit grabs Sony Building with $1.1B offer.
By Daniel Geiger @dangeiger79
January 27, 2013 5:59 a.m. .2

Two weeks ago, executives at Sony placed calls to a handful of investors vying for its 36-story Manhattan headquarters that spans an entire block on Madison Avenue from East 55th to East 56th streets.

The short list, which included competing groups led by Joseph Chetrit, Harry Macklowe and Joseph Sitt, had just vaulted over a deep field of big-league bidders, including Vornado Realty Trust and SL Green Realty Corp. Those who had cleared the first hurdle had agreed to pay $1 billion or more—and commit to a $100 million cash down payment for the distinctively topped, granite-clad tower designed by Philip Johnson in 1984 as the headquarters for AT&T....

That's when Mr. Chetrit stole the show by producing a letter of credit for nearly $600 million from a Middle Eastern sovereign wealth fund, according to a person with direct knowledge of the negotiations. Two days later, on Jan. 17, Sony announced it would sell the property for $1.1 billion to Mr. Chetrit, who plans to turn the tower into residential condominiums and a hotel, and to upgrade its retail space....


One other thing he has going in his favor: a bit of breathing room. As part of the sale, Sony has agreed to stay put for another three years....
What most set Mr. Chetrit apart from the more than 20 bidders for the property are his lofty projections for the residential portion of the project. He plans to convert about 600,000 square feet into condos, priced at a gold-plated $4,000 per square foot or more. This for a building with limited direct sightlines of the one thing that most of the world's wealthy want to see out their windows in New York: Central Park.

"The location is more about business and shopping, but that is attractive to a lot of buyers, especially foreigners and a growing influx of Chinese coming here," said Ilan Bracha, a broker of high-end condos at Keller Williams.

Adding to the risks potential lenders must weigh is the final project's long timeline. Most sources say it will take Mr. Chetrit nearly two years after Sony's exit to convert to condos. That would push the residential portion's delivery date out to 2018—a long time to wait for the payoff he'll need to settle his monumental debts. On the other hand, it's possible the city's real estate market will be a lot stronger another half-decade down the road.

"Right now, it's not hard to get $3,500 or $4,000 [per square foot] for an apartment," Mr. Bracha noted, "but where the market will be in five years from now is a good question."

A version of this article appears in the January 28, 2013, print issue of Crain's New York Business as "HOW DID THIS MAN BUY THAT BUILDING?".
..

Read more: http://www.crainsnewyork.com/article...#ixzz2JHkETlaS
RobertWalpole no está en línea   Reply With Quote
Old January 29th, 2013, 05:08 AM   #2066
Cyclonefan
Registered User
 
Cyclonefan's Avatar
 
Join Date: Apr 2012
Location: Des Moines, IA
Posts: 9
Likes (Received): 1

So I thought this project was supposed to break ground back in October? What is going on right now?
Cyclonefan no está en línea   Reply With Quote
Old January 29th, 2013, 06:17 AM   #2067
Arawooho
Registered User
 
Arawooho's Avatar
 
Join Date: Dec 2011
Location: New York City
Posts: 266
Likes (Received): 68

Quote:
Originally Posted by Cyclonefan View Post
So I thought this project was supposed to break ground back in October? What is going on right now?
The south tower has broken ground already. I took some pictures of it last week.

http://www.skyscrapercity.com/showpo...postcount=2011
Arawooho no está en línea   Reply With Quote
Old January 29th, 2013, 06:33 AM   #2068
JohnFlint1985
I love New York
 
JohnFlint1985's Avatar
 
Join Date: Jun 2007
Location: New York - New Jersey
Posts: 15,621
Likes (Received): 6559

the thread needs to be moved into construction, from proposed.
__________________
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 January 29th, 2013, 01:39 PM   #2069
Eric Offereins
The only way is up
 
Eric Offereins's Avatar
 
Join Date: Jan 2004
Location: Rotterdam
Posts: 68,706
Likes (Received): 28342

The moderators will move this to U/C when there are update pics showing construction work.
Eric Offereins no está en línea   Reply With Quote
Old January 29th, 2013, 05:46 PM   #2070
spectre000
Moderator
 
spectre000's Avatar
 
Join Date: Jul 2008
Location: St. Paul
Posts: 7,906
Likes (Received): 5172

Quote:
Originally Posted by JohnFlint1985 View Post
the thread needs to be moved into construction, from proposed.
The supertall isn't U/C yet.
spectre000 no está en línea   Reply With Quote
Old January 29th, 2013, 05:48 PM   #2071
lusorod
LUSOROD
 
lusorod's Avatar
 
Join Date: Mar 2008
Location: SAO PAULO/LONDON
Posts: 8,767
Likes (Received): 1107

OMG NYC is back on top! So many great skyscrapers under way! WOW
__________________
LUSOROD

((((((((((MUITO AMOR NA SUA ALMA))))))))))))))))
lusorod no está en línea   Reply With Quote
Old January 29th, 2013, 06:00 PM   #2072
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 spectre000 View Post
The supertall isn't U/C yet.
That's why I suggested to split this thread, like the WTC complex. After all, there will be at least 4 towers rising here.
__________________
Sapientia et Virtus 明德格物
Industrial Organization, MSc

Kanto, tim1807 liked this post
HK999 no está en línea   Reply With Quote
Old January 29th, 2013, 06:31 PM   #2073
Kanto
Roof height crusader
 
Kanto's Avatar
 
Join Date: Apr 2011
Location: S-4, Papoose Lake
Posts: 5,925
Likes (Received): 3546

I completely agree with you. There are 4 tall towers over here and each should have its thread, even though right now all four would still be in the proposed section
__________________
The Outbreak: A free browser online strategy game. Build up your town and compete with other towns economicaly and militarily.
http://www.the-outbreak.com/

L.A.F.2. liked this post
Kanto no está en línea   Reply With Quote
Old January 29th, 2013, 06:52 PM   #2074
ZZ-II
I love Skyscrapers
 
ZZ-II's Avatar
 
Join Date: May 2006
Location: Near Ingolstadt in Bavaria
Posts: 33,509
Likes (Received): 6533

agree too, this thread should be parted. the smaller towers need their own threads in the skyscraper-section!
__________________
Click here to get the Worlds Supertall Lists

Kanto liked this post
ZZ-II no está en línea   Reply With Quote
Old January 30th, 2013, 02:38 AM   #2075
Hudson11
Stuck on the Cross Bronx
 
Hudson11's Avatar
 
Join Date: Jun 2011
Location: The Empire State
Posts: 9,530
Likes (Received): 22572

or at least one thread for the super tall and one thread for the skyscrapers
Hudson11 no está en línea   Reply With Quote
Old January 30th, 2013, 10:45 PM   #2076
notlob4for4
Registered User
 
Join Date: Nov 2012
Posts: 13
Likes (Received): 8

What is the purpose of that huge platform thing jutting out from the top of the supertall? Is it just an observation platform? Is it a massive awning? A plaza in the sky? A helicopter landing pad?

It doesn't look that stable...
__________________
"Tis' a brave man who wears a kilt in January."
notlob4for4 no está en línea   Reply With Quote
Old January 30th, 2013, 10:49 PM   #2077
tim1807
faster than buildings
 
tim1807's Avatar
 
Join Date: May 2011
Location: Den Helder
Posts: 10,325
Likes (Received): 5334

Observation platform.
tim1807 no está en línea   Reply With Quote
Old January 31st, 2013, 05:14 PM   #2078
RobertWalpole
BANNED
 
Join Date: Mar 2010
Posts: 4,607
Likes (Received): 2508

http://blogs.wsj.com/developments/20...e/?mod=WSJBlog

WSJ BlogsReal-time commentary and analysis from The Wall Street Journal .
Developments

Real estate news and analysis from The Wall Street Journal
January 30, 2013, 5:34 PM

Time Warner Pricing Its Tower in Advance of Potential Move.Article Comments Developments HOME
The corporation owns its headquarters, in the tower shown here on the left, at the Time Warner By

Eliot Brown and Laura Kusisto

How much is Time Warner’s Manhattan headquarters worth? The company wants to know, and is reaching out to potential brokers to value the building, the latest step in its lengthy search for new office space, according to multiple executives familiar with the matter.

Through divisions including Time Inc. and HBO, the company occupies more than 4 million square feet in New York City, and for at least two years, it has been considering options on how to consolidate or move that space in a bid to cut costs.

As the Journal reported previously, possible locations the company has considered include the West Side rail yards and Brookfield Place, the former World Financial Center, real estate executives with knowledge of the search said. While much of the space is leased, the corporation owns its approximately 1 million square foot headquarters at the Time Warner Center by Columbus Circle, a property that would likely be sold should Time Warner indeed move elsewhere.

The search has been longer than expected, in part because of the complexity of determining what to do with each of the various divisions, each of which has differing preferences and needs for their office space, according to real estate executives who have discussed the matter with Time Warner.

Time Warner is being advised on its search by real-estate services firm Studley. It asked real estate services firms to help value the tower earlier this month, a move first reported by Reuters Wednesday.
RobertWalpole no está en línea   Reply With Quote
Old January 31st, 2013, 05:33 PM   #2079
RobertWalpole
BANNED
 
Join Date: Mar 2010
Posts: 4,607
Likes (Received): 2508

http://www.nypost.com/p/news/busines...ntent=Business
RobertWalpole no está en línea   Reply With Quote
Old January 31st, 2013, 05:39 PM   #2080
yankeesfan1000
Registered User
 
Join Date: Aug 2010
Posts: 1,235
Likes (Received): 560

A move here would seem to make the most sense given their existing relationship with Related, and that they could move here at cost. Interesting to note that the different needs of all their divisions is complicating the matter, I hadn't even thought of that. I also would not be surprised to see them move some of their ops out of Manhattan, to JC, LIC, BK, or Stamford, but a big chunk of their ops will remain in Manhattan.
yankeesfan1000 no está en línea   Reply With Quote


Reply

Tags
30 hudson yards, hudson yards, manhattan tower, north tower, supertall, west 33rd street

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 03:55 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