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Old November 9th, 2011, 02:40 PM   #221
RobertWalpole
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Holy crap! BOTH Tower Verre and 56 Leonard! Could Hines have a go at 50 West St. while they're at it?
50 West is proceeding. It was reported in August that the developer is selecting a hotel partner.
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Old November 9th, 2011, 02:48 PM   #222
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50 West is proceeding. It was reported in August that the developer is selecting a hotel partner.
Alright, One Madison then!
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Old November 9th, 2011, 03:10 PM   #223
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Wow. Hines could be building two of the best residential buildings in the city by next year, that would be some gift.

Also, to anyone unfamiliar with the state of the current NY real estate market, the neighborhood where this will be built is called Tribeca, and it seems to be one of the hottest neighborhoods in Manhattan. This looks like a good bet to be built in the near term.
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Old November 9th, 2011, 05:20 PM   #224
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Alright, One Madison then!
+1

Hines, give me that one, and I won't ask for anything in the next 10 years..
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Old November 9th, 2011, 05:22 PM   #225
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Holy crap! BOTH Tower Verre and 56 Leonard! Could Hines have a go at 50 West St. while they're at it?
I seem to recall that there were stirrings about 50 West earlier.

If WTC2 and WTC3 go ahead, that's best-case scenario with everything else that's getting revived.
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Old November 10th, 2011, 01:49 AM   #226
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From The Real Deal:

TRD

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Hines Interests to revive condo plans for Tribeca's 56 Leonard
November 09, 2011



Already behind the controversial MoMA Tower and a new Bryant Park tower, perpetually under-the-radar real estate firm Hines Interests is undertaking another major project, the New York Observer reported in a lengthy profile, by reviving the stalled 56 Leonard Street condominium project in Tribeca.

The Herzog & de Mueron-designed 57-story was first announced by developer Alexico Group a month before Lehman Brothers collapsed, and even sold four of its planned 145 units. But the recession took the plans for the building down with it, and the site currently has a foundation and little else. Typical of the understated firm, Hines refused to divulge much detail other than to say it would become another of Herzog & de Mueron's "global landmarks."

...

After the dot-com bubble burst the firm focused on buying towers that met the firm's design standards, such as 750 Seventh Avenue, which it recently entered into contract to sell, 425 and 600 Lexington Avenue and 499 Park Avenue. The firm has begun to move into residential development with 40 Mercer Street in Soho, One Jackson Square in Greenwich Village and now 56 Leonard.

[...]
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Old November 11th, 2011, 09:43 AM   #227
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http://www.nytimes.com/2011/11/13/re...ref=realestate

Square Feet | The 30-Minute Interview
Tommy CraigPublished: November 10, 2011



Interview conducted and condensed by

VIVIAN MARINO

Q What does your job at Hines entail?

A My principal role is to think about value-creation opportunities, to manage risk, and to really advance the firm’s reputation in New York.
...

Q How many projects are you working on now? A We’re just finishing a project in the village, One Jackson Square. We’re working on 1045 Sixth, our Bryant Park project. We’re working on the MoMA mixed-use project; and for that project we just secured a special permit and are now actively engaged with prospective equity partners. We have a fourth project that we’ve just been selected on in Lower Manhattan for a residential project — 56 Leonard.

Q How would you say the New York market was faring?

A The New York market on a comparative basis has the strongest fundamentals of any market in the country. The strength in the capital markets would be hard to overstate. There’s been very positive job growth this year. A long-term outlook of New York continues to favor it in ways that very few other cities can compare, mostly because it is really a destination for talent around the globe. We haven’t seen a major user leave New York for over 15 years....
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Old November 11th, 2011, 11:44 PM   #228
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Hines is the best of the best. When they get behind a project, it usually moves fast.
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Old November 28th, 2011, 11:49 PM   #229
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According to reports, the building's developers were expecting buyers to offer more than $5,000 per square foot for the most expensive units. While demand for such expensive apartments tailed off after the housing crash, projects such as One57 and 432 Park Avenue are clear indicators that the market for extremely high-end housing is once again thriving.
My post on this & other stalled projects:

http://newyorkyimby.blogspot.com/201...6-leonard.html



I do think it's likely this tower would be the first to rise of the three I discussed, partially a result of the stunning design--it has generated the most interest.
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Old December 21st, 2011, 08:41 PM   #230
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That's so cool. You could go to the edge of the room and beneath you would be another floor...20 floors down!
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Old December 21st, 2011, 08:44 PM   #231
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+1
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Old December 22nd, 2011, 11:32 PM   #232
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That's so cool. You could go to the edge of the room and beneath you would be another floor...20 floors down!
You didnt phrase that atall well mate.
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Old December 25th, 2011, 03:18 PM   #233
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haha
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Old December 26th, 2011, 02:07 AM   #234
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Would this not be risky in terms of wind patterns?
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Old January 6th, 2012, 04:30 AM   #235
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Would this not be risky in terms of wind patterns?
No.
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Old January 6th, 2012, 06:36 AM   #236
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Would this not be risky in terms of wind patterns?
I don't think it would be risky, but it would be interesting to see what the wind would be like on some of the balconies, it's not too tall though so i don't think wind would be too much of a factor

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Old January 8th, 2012, 05:23 PM   #237
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This tower gets weird shadows.
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Old January 14th, 2012, 07:08 AM   #238
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This tower gets weird shadows.
I can only imagine the shadows when walking behind it in the sun
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Old February 12th, 2012, 03:55 AM   #239
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The new building permit was renewed on 27 Jan. 2012.
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Old February 12th, 2012, 09:14 PM   #240
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That means?...
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