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Old September 30th, 2011, 04:14 AM   #201
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Originally Posted by DinoVabec View Post
Sears Tower was also renamed to Willis when Sears left and Willis moved in..Good question though..I doubt any of WTC towers will change name to Time Warner if they move there..
WTC vs TWC...not a big deal.
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Old September 30th, 2011, 02:46 PM   #202
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Old October 2nd, 2011, 04:12 PM   #203
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Isn't rent much higher downtown? I can't see time Warner moving to WTC at the high rent costs even though they are trying to cut costs
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Old October 2nd, 2011, 04:15 PM   #204
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Isn't rent much higher downtown? I can't see time Warner moving to WTC at the high rent costs even though they are trying to cut costs
No. It's a lot cheaper downtown.
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Old October 2nd, 2011, 08:56 PM   #205
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Isn't rent much higher downtown? I can't see time Warner moving to WTC at the high rent costs even though they are trying to cut costs
When I checked last time, Downtown rents averaged at between $ 35-40/SF while those in Midtown were hovering around $ 55-60/SF. Midtown benefits from better transportation connectivity, livability and a slightly newer stock of buildings. Things may change when new buildings like the WTC complex and better transit facilities are added Downtown.
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Old October 2nd, 2011, 10:02 PM   #206
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Indeed downtown is catching up, but at a cost. WTC buildings are going at downtown prices it seems. But the price does include a international landmark with some of the best office space in the world

(I should work as a estate agent haha)
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Old October 2nd, 2011, 10:49 PM   #207
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Indeed downtown is catching up, but at a cost. WTC buildings are going at downtown prices it seems. But the price does include a international landmark with some of the best office space in the world

(I should work as a estate agent haha)
Buildings of the WTC calibre would cost over $100/sf in Midtown.
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Old October 3rd, 2011, 12:04 AM   #208
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Buildings of the WTC calibre would cost over $100/sf in Midtown.
Buildings like the new WTC complex, the TWC or these towers by Brookfield are classified as "trophy" assets and command a premium even to Class A office real estate. Lol, my prof at MIT, David Geltner, has a great time explaining all the reasons behind this phenomenon. Even so, I would doubt whether $ 100/SF for around 10 Million SF of brand new space is a viable proposition. I'd think that matching the highest rents in Mid-town is a distinct possibility.

Back to the Brookfield towers, even if Time Warner does decide to vacate its HQ in TWC, which as far as I know is a condo it owns, Related looks like it would have a better chance in getting them as an anchor given their existing relationship. That said, the Brookfield project would be complete much before Hudson Yards which looks like at least a eight to ten year build out.
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Old October 3rd, 2011, 01:13 AM   #209
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Well, they're not trying to sell at the whole new WTC buildings at $100 a sf, just the upper floors of tower 1.

And the Hudson Yards is divided into two distinct phases, basically east of 11th Ave which is almost entirely office buildings and requires a small platform for the taller office building, and then west of 11th Ave which requires a huge platform for all the buildings and is almost entirely residential. That being said, the office component of the HY and this project have very similar potential completion dates.

But I agree, that Related is more likely to get TWC to sign up to one of their buildings, but again the office component of the HY and this could be done at relatively the same time, potentially.
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Old October 7th, 2011, 01:04 PM   #210
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Fence around the site..

lofter1, WNY..









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Old October 7th, 2011, 01:36 PM   #211
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I've got a question, does this need approval or can it start without it like 440 Park?
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Old October 7th, 2011, 02:09 PM   #212
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I've got a question, does this need approval or can it start without it like 440 Park?
It's starting in January..
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Old October 7th, 2011, 03:13 PM   #213
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Thanks for the info. It's cool that this project doesn't need to wait

Btw, preparation works will start in January, right?
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Old October 7th, 2011, 03:22 PM   #214
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Thanks for the info. It's cool that this project doesn't need to wait

Btw, preparation works will start in January, right?
Platform over the tracks is the first..So, yeah, we can take it as preparation for the main construction of towers..
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Old October 8th, 2011, 04:49 AM   #215
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http://www.crainsnewyork.com/article...TATE/110909984


Brookfield plans unusual method for West Side

Brookfield Office Properties Inc. is looking to build millions of square feet of office space on Manhattan's West Side, using a bridge-building method never used before with a building project.

September 2, 2011 9:33 a.m.

(Bloomberg) - Brookfield Office Properties Inc. is seeking to gain an edge in the construction of millions of square feet of office space on Manhattan's West Side by using bridge-building technology to cover a 65-foot railroad trench.

The plan would employ a method never used with a building project, save two years of labor, and cut costs for a platform in half to about $300 million, according to Brookfield Office Properties. The company, owner of lower Manhattan's World Financial Center, aims to build three skyscrapers at the site, which requires covering tracks that shuttle about 100,000 people each weekday into and out of Pennsylvania Station.

Brookfield Office Properties is competing with Related Cos. to develop the rail yards and lure tenants to the far West Side, where the New York-based companies are building 11.2 million square feet of offices spanning East 30th to 33rd streets near the Hudson River. That total would be slightly less than all the office space in downtown Baltimore.

Platforms on the West Side “are a big megillah,” said Joseph Harbert, chief operating officer for Cushman & Wakefield Inc. “Once those platforms are up, that place is going to be on fire,” he said of Brookfield Office Properties' plan. “If they can get it up faster and at a lower cost, that stuff is going to rent.”

Mayor Michael Bloomberg has compared the far West Side to Canary Wharf, which gave London a second financial center to the east after it was built in the early 1990s.

Brookfield Office Properties' project, named Manhattan West, calls for two towers of 2 million square feet each and a third of 1.2 million square feet, plus as much as 200,000 square feet of retail space. Related, developer of the Time Warner Center, is planning almost 13 million square feet of construction, including about 6 million square feet of offices, at its 26-acre Hudson Yards site, a half-block west of Brookfield Office Properties' trench.

Related also expects to develop more than 5 million square feet of housing, a million square feet of stores, a hotel, a school, a cultural center and open space.

The developer has a more traditional approach to cover its West Side yards site, where Long Island Rail Road trains are stored and dispatched. It involves drilling caissons, or vertical supports, to support a platform over the tracks.

Both companies aim to start site preparation next year, and say they'll have their first buildings completed in 2015. They are competing in the same market of tenants, including media, fashion and financial-services firms, offering state-of-the-art, environmentally-friendly office space on an island where more than 60% of the stock is more than 50 years old.

Accelerating the construction of the deck should help Brookfield Office Properties compete for tenants with Related, Mr. Harbert said. Part of Related's site is on “terra firma”—ordinary land that needs no platform—on the southeast corner along Tenth Avenue, said a company spokeswoman. It plans a 950-foot skyscraper of 1.7 million square feet at that location.Platforms for skyscrapers have been critical to Manhattan's emergence as the model for a global business center, said Alexander Garvin, president of AGA Public Realm Strategists and onetime planner for NYC2012, the city's failed bid for the 2012 Olympics. That group had hoped to build the main Olympic stadium on the Hudson Yards.

The best example of the power of platforms is Park Avenue and the nearby streets surrounding Grand Central Terminal, where the decking of the New York Central train yard early in the 20th century “changed the city of New York forever” by moving the center of business to Midtown from lower Manhattan, Garvin said.

“The opportunity of the platforming on the far West Side is an opportunity to extend the central business district to the Hudson River,” Mr. Garvin said. “If we do it with the same quality of excellence that was done by the New York Central railway, then we will do a very fine thing for New York.”

Brookfield Office Properties' platforms are needed to support a plaza between its towers, as well as an atrium and possibly retail space. The buildings themselves will be rooted in the bedrock to either side of the trench.

The company's decking plan is unique because it involves building 30-foot-wide, 12-foot-high, and 8-foot-long T-shaped segments of the deck that are molded off site, then fused together to give them the strength to bear heavy loads, said Jim White, Brookfield Office Properties' vice president of construction. A previous plan would have involved about 50 support columns, taken three years and cost about $600 million. Now, only 21 columns would remain after completion.



Read more: http://www.crainsnewyork.com/article...#ixzz1a9QN6X7E
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Old October 8th, 2011, 04:58 AM   #216
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http://www.bloomberg.com/news/2011-0...west-side.html
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Old October 8th, 2011, 05:19 AM   #217
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The efficiency factors make this all the more promising
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Old October 8th, 2011, 05:28 AM   #218
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Sounds good. It seems that this project will begin construction soon. I am very happy about it, and I hope that all of their heights are maintained. Talking about that, then the lower tower (between the two) will have 950-foot skyscraper?
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Old October 8th, 2011, 05:35 AM   #219
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Sounds good. It seems that this project will begin construction soon. I am very happy about it, and I hope that all of their heights are maintained. Talking about that, then the lower tower (between the two) will have 950-foot skyscraper?
No. The 950 tower is the shorter of Related's first two at the Hudson Yards site. This article refers to that project also since they're close by and both are being built over rail yards.

Interestingly, the towers that will rise on the east side of 10th between 31st and 32nd and on the west side of 10th between 33rd and 34th will be taller than anything on the Hudson Yards site or on Brookfield's site.
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Old October 8th, 2011, 07:01 AM   #220
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Wow. So it'll be a monstrous project! What good news, I'm happy that this project is so big. New York deserves it! Now, the way is to wait until these buildings are constructed (ohh patience).

Thanks for the reply Robert!
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