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Old June 21st, 2013, 11:22 PM   #581
Eric Offereins
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Worth every penny.
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Old June 23rd, 2013, 12:54 PM   #582
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Originally Posted by Eric Offereins View Post
Worth every penny.
absolutely

i hope they'll speed up a bit soon
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Old June 24th, 2013, 07:01 PM   #583
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Compared to 432 PA's ~ $85 million, and One57's $90 million, this one's pretty selling off? Do you know why that is exactly so? I hope the height is not the only ascribing factor.
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Old June 24th, 2013, 07:02 PM   #584
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Old June 24th, 2013, 07:24 PM   #585
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photo from last week when i walked by. so excited to see this one going up

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Old June 24th, 2013, 07:29 PM   #586
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@NYcrulz

Definitely, views is the most important factor over height. It's the location. Midtown is clustered with tall skyscrapers so the projects need to much taller to offer more apartments with great views vs. 56 Leonard is not surrounded by tall buildings at all. You can probably get amazing panoramic views of the city from 15th floor and up!

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Old June 24th, 2013, 08:43 PM   #587
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Also, I'd say 432 Park and 157 are in a far more prestigeous location than this building. They are both very close to Central Park
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Old June 25th, 2013, 05:57 AM   #588
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^ i believe that tribeca is actually the most expensive area in the city.
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Old June 25th, 2013, 06:08 AM   #589
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Not quite. Upper East Side and the West Village are still more expensive, but it's still pretty pricey.

What's most astounding is the ground Tribeca has covered in the past 10-12 years. Going from an area not many people wanted to live, to one of the most expensive zip codes in the country is pretty incredible. Some stunning architecture down there too.
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Old June 25th, 2013, 01:52 PM   #590
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So buying here could be a good investment. I guess the prices of 56 Leonard are cheaper than One 57 as well.
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Old June 25th, 2013, 01:54 PM   #591
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Quote:
Originally Posted by Eric Offereins View Post
So buying here could be a good investment. I guess the prices of 56 Leonard are cheaper than One 57 as well.
For sure. The highest floors are lower than at One57 and you don't have the view over the Central Park
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Old June 26th, 2013, 06:06 PM   #592
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Condo's Price Is Straight Up
Tower Resembling Stacked Boxes in $47 Million Penthouse Deal


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A penthouse atop a new condominium skyscraper that resembles a pile of haphazardly stacked boxes has gone into contract for $47 million, a record for a condo sale below Midtown Manhattan.
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Wealthy buyers, including many from nearby neighborhoods, have been snapping up many units in new developments
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But in February, the 145 apartments in the same 60-story building went back on the market in the same showroom that was closed in 2008. Since then 80% of the building has been sold, with sales totaling $900 million to date, according to the developers. Asking prices are now 19% higher than they were in 2008, condominium plan filings show.
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Mr. Steinberg said that the surging sales in new condominium towers shows that buyers in Manhattan are now more interested in light and air and views than the features in a particular neighborhood.

"There is a huge premium people will pay for a view," he said. "Manhattan has become a lot less neighborhood specific."

Still the highest prices in contract downtown lag behind those in the latest glass towers in Midtown, like One57 on West 57th Street, where two apartments are in contract for $90 million or more and at 432 Park Ave., a slender tower on the corner of 56th Street where a high-floor penthouse was under contract for $95 million, the developers say.

Kelly Mack, the president of Corcoran Sunshine Marketing Group, which is marketing the condos at 56 Leonard, said the duplex penthouse totals about 7,800 square feet plus more than 1,200 square feet of terraces. The space works out to about $6,000 a square foot, far below sales at top buildings near Central Park.
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When they launched sales in February, the penthouse, with 19-foot ceilings and a large sculptural wood-burning fireplace, was listed for far less, $32 million, and was considerably smaller.

But after sales began, Ms. Mack said, the developers discovered city building rules allowed additional floor space. They added a second floor to the penthouse with some outdoor space and listed the enlarged apartment for $50 million.

The revised plans for the penthouse included a private infinity pool. But the buyer didn't want a pool, Ms. Mack said, so it was eliminated, and the final price was cut by $3 million.
-- What? No pool??? Oh wait!! price cut by $3 Million by eliminating it.. That's an expensive pool! lol

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Building amenities include a 75-foot-long pool, an outdoor sun deck and hot tub facing the Hudson, a fitness center, a private dining room and children play spaces.

It is due to open in the summer of 2015
Edit: here's the link:
http://online.wsj.com/article/SB1000...666240708.html
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Old June 26th, 2013, 07:24 PM   #593
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Looks like we'll gonna see many more residential towers to come this decade
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Old June 26th, 2013, 08:53 PM   #594
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Who needs a penthouse pool in NYC anyway? That's what the Hamptons are for.
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Old July 8th, 2013, 04:40 AM   #595
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By ZippyTheChimp,

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Old July 8th, 2013, 10:15 AM   #596
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This is already looking totally insane. Love it (except for the added construction time due to the complicated forms -- thankfully the middle should move much more quickly).
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Old July 10th, 2013, 11:32 PM   #597
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I love this building. Definitely one of the best buildings in New York.
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Old July 11th, 2013, 02:57 AM   #598
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It's ******* crazy how much Alexico is making on this building.
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Old July 11th, 2013, 03:32 PM   #599
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Looks beautifully complicated already!
Can't wait for it to shoot into the sky...
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Old July 11th, 2013, 05:43 PM   #600
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I wonder how much time it will take to build it. It's only 250m but they have to reconfigure formworks at almost every floor. I wouldn't be surprised if it would take as long as 432 park ave to top out.
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