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Old December 27th, 2008, 07:14 PM   #141
webeagle12
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r u serious?

p:s: whew this is not so bad yet

Under Cover

Jenga collapse?
Work has stopped at 56 Leonard St., where an 830-foot tower of stacked condo cubes is slated to rise.

Izak Senbahar, principal at the Alexico Group, said workers finished the foundation about a month ago and are pausing before moving onto the aboveground construction. In the meantime, Con Edison is doing underground work, which will take until the end of January.

But Senbahar also needs to get the last chunk of the $600 million project’s construction financing before work can move forward. The bank Eurohypo is supposed to provide it, and Senbahar said he is 90 percent sure it will come through in four to six weeks. If the money takes any longer to arrive, 56 Leonard’s December 2010 opening will not happen.

Senbahar did not sound as impervious to the economic downturn as he did in September, when he said he was confident his Jenga-shaped building would attract buyers no matter the economy.

“It’s a very challenging world,” Senbahar said last week. “It’s a different world than it was three months ago… It’s never about people not having the money, but it’s a mood thing, a psychological thing as well that makes people buy.”

Senbahar said sales are in the double digits, but he admitted he’s only sold four units since the sales office opened October. Senbahar also hasn’t sold any of the 10 penthouses, which cost up to $33 million.

“There are a lot of lookers, though,” Senbahar said.

He is optimistic that the country’s mood will turn around early next year.

UnderCover also spoke to a few workers at and around the site, who first told us two weeks ago the site was at a standstill.

Across the street, a man smoking a cigarette sounded none too pleased about the tower.

“Yeah, it’s another Bloomberg special,” he said.

http://www.downtownexpress.com/de_295/undercover.html
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Old December 27th, 2008, 11:02 PM   #142
Taiki24
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People need to get a grip. Do they really think that this ecconomic crisis will last forever? If everybody gets their hcollective head out of the sand and starts investing in projects like these again, maybe that could help thaw out the credit market again.

I know that this isnt going away anytime soon, but it certaintly isnt here forever.
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Old December 27th, 2008, 11:14 PM   #143
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i don't think the tower will be cancelled ( that also counts for the CS, 50 west street and russia tower ). all the projects only will have a massive delay IMO.
as taiki24 said above, the crisis won't be forever...in a few years it'll be much better, we overcome the worst time already i think
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Old February 16th, 2009, 07:31 AM   #144
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This thing will be topping out soon.

[IMG]http://i44.************/tamz4g.jpg[/IMG]
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Old February 16th, 2009, 07:55 AM   #145
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^I'm sure that where they got the design for this building. Children play things shouldn't be made into buildings.
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Old February 16th, 2009, 07:56 AM   #146
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But adult play things are.
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Old February 16th, 2009, 08:47 AM   #147
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Yes look at chicago spire, I can see some adults playing with that lol. Wont catch me trying to play with it.
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Old February 16th, 2009, 10:12 AM   #148
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Queen Kong
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Old February 16th, 2009, 10:18 AM   #149
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Look for the queen kong remake 2012, Donkey kongs in it lol.
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Last edited by kingsc; February 17th, 2009 at 06:24 AM.
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Old February 16th, 2009, 10:22 AM   #150
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You mean Drunky Kong?
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Old February 16th, 2009, 01:39 PM   #151
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can mod please put this tower on HOLD please.

*The following information was last updated on February 5, 2009.

* Construction currently on hold
* Superstructure construction from July 2008 through spring 2010

Visit the Project Update for 185 West Broadway for information about adjacent construction work.

NOTE: The south parking lane of Leonard Street will be closed during construction.


http://lowermanhattan.info/construct...eet_39943.aspx

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Old April 21st, 2009, 07:51 PM   #152
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Posted by NYguy on SSP:

Quote:
Originally Posted by NYguy View Post
Stalled update from NY Magazine...
http://nymag.com/news/articles/09/04/ghostbuildings/



ANNOUNCED: September 2008
PLAN: A 56-story residential tower comprising 145 luxury residences, with occupancy originally expected in late 2010.

STATUS: Louise Sunshine, a real-estate consultant working with Alexico, says the project “is awaiting the completion of its financing.” Meanwhile, construction is stalled and the developer admits the timeline has been changed.
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Old April 21st, 2009, 09:16 PM   #153
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looks funny
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Old May 23rd, 2009, 12:58 AM   #154
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is it topped out? or did they just scrap the idea?
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Old May 23rd, 2009, 01:12 AM   #155
Eric Offereins
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maybe in the workshop of the modelmaker.
They have yet to start construction.
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Old May 23rd, 2009, 01:19 AM   #156
AmericanSkyscraper22
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but is the project a go?
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Old May 23rd, 2009, 05:32 AM   #157
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Quote:
Originally Posted by AmericanSkyscraper22 View Post
but is the project a go?
It's not looking good from what I've read on the wirednewyork forums. If it doesn't start by the end of the year, it probably never will.

A shame, it's such an original design. But their's no money for it right now.
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Old May 23rd, 2009, 10:25 PM   #158
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Quote:
Originally Posted by AmericanSkyscraper22 View Post
is it topped out? or did they just scrap the idea?
how do you come to topped out ?
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Old May 24th, 2009, 12:25 AM   #159
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i dunno, i was just hoping
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Old November 23rd, 2009, 11:19 AM   #160
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Stunning video animation!





(VIDEO) 56 leonard street: architecture reassembled:

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