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Old October 7th, 2012, 06:22 PM   #2001
TheNamesEugene
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http://commercialobserver.com/2012/10/240569/



GroupM, the large advertising and media company, is in preliminary negotiations to anchor Three World Trade Center in a deal that would allow construction to begin on the planned 80-story office tower.

The potential lease, which is in early talks several sources said, appears to be the closest yet developer Silverstein Properties has come to realizing construction of the hulking 2.8 million-square-foot tower designed by the Pritzker-winning architect Richard Rodgers.

The lease would be about 550,000 square feet in size, several sources say, a large enough commitment to qualify the project for up to $600 million in public benefits in the form of a mix of equity and loan guarantees from the city, state and Port Authority. That agreement for public financial backing was struck in a 2010 deal between Silverstein and the Port Authority and requires Silverstein to contribute $300 million in equity into the tower, pre-lease at least 400,000 square feet of its space and repay the building’s government backers before extracting any profits.

Silverstein has already moved forward with Four World Trade Center, a roughly two million-square foot-office tower next door that also received a public backstop from the Port Authority as well as hundreds of thousands of square feet of leasing commitments from both the authority and the city – commitments that allowed the building to receive construction financing and proceed with construction.

Until now, Silverstein has had a few close calls with Three World Trade Center, attracting interest from a number of financial tenants, including UBS and Morgan Stanley, only to see interest wane as the financial sector was battered by increased regulations that led to downsizing.

Silverstein has built the concrete core and below-ground portions of Three World Trade Center, space that is needed as part of the 16-acre complex’s subterranean maze of pedestrian and retail corridors. Building systems for the Santiago Calatrava-designed PATH hub next door to the tower, as well as portions of that structure’s foundation, are also tied into the base of Three World Trade Center – a level of interconnectivity that ultimately allowed Silverstein to leverage public support for at least two of the three office towers it wants to build on the site.

GroupM is a subsidiary of the giant media and advertising conglomerate WPP and has been searching the office market for months for a large space in which to relocate. The company currently has operations at 498 Seventh Avenue and other locations in Midtown that it has wanted to consolidate into a single modern office facility.

think it's time for construction to go ahead. (Originally posted by desertpunk)
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Last edited by TheNamesEugene; October 7th, 2012 at 06:43 PM.
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Old October 7th, 2012, 06:38 PM   #2002
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Quote:
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patience, not until they make it official. They could always decide to go somewhere else.
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Old October 7th, 2012, 06:49 PM   #2003
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Quote:
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patience, not until they make it official. They could always decide to go somewhere else.
Yea I know I just thought other people would like to know and get happy :lol
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Old October 7th, 2012, 08:59 PM   #2004
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Has anyone noticed the first bracing member at the northeast corner?

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Old October 7th, 2012, 09:01 PM   #2005
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image hosted on flickr

Three World Trade Center by Otie O'Daniel, on Flickr
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Old October 7th, 2012, 09:29 PM   #2006
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Quote:
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Has anyone noticed the first bracing member at the northeast corner?
I have been on Earthcam. But question, why is the current structure angled when in the finished building that corner is squared off at a 90 degree angle?
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Old October 7th, 2012, 09:37 PM   #2007
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^The corner will eventually be formed when they place the filler beams, not all spandrels (beams spanning from column to column) form the outer perimeter of the building. You can actually see the fillers at the first 3 floors, where metal deck is already in place.
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Old October 9th, 2012, 03:33 PM   #2008
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Oh, I missed that in the photo! And it all makes sense now. Thanks, Otie.
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Old October 15th, 2012, 04:20 PM   #2009
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The crane cabin for the third tower crane has been lifted and is now sitting in place..
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Old October 15th, 2012, 04:24 PM   #2010
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The original design was cooler.
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Old October 15th, 2012, 05:24 PM   #2011
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I like this design more, however I don't like how they've shortened it
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Old October 15th, 2012, 07:01 PM   #2012
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yeah its a TG2300 going in
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Old October 15th, 2012, 07:21 PM   #2013
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so there is no climbing cage on the top of this mast (see other 2300). I am wondering if that frame is in fact a climbing cage or if this crane is just doing the podium then leaving.
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Old October 15th, 2012, 07:23 PM   #2014
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I don't get why this crane is needed, plus it seems to be in a bad location.

Why wouldn't the crane on top of the 3WTC core do the steel for that area?

COuld this new crane be involved with the transport center rib install?
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Old October 15th, 2012, 07:49 PM   #2015
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Quote:
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so there is no climbing cage on the top of this mast (see other 2300). I am wondering if that frame is in fact a climbing cage or if this crane is just doing the podium then leaving.
I'd say the frame is a climbing cage

On the left of this pic I took you can see there's a H column that the red frame is attached to, looks like it will climb on that (?)
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Old October 15th, 2012, 08:36 PM   #2016
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What's the difference between an I column and a H column? Is it the length of the two parallel sides?
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Old October 15th, 2012, 08:42 PM   #2017
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What's the difference between an I column and a H column? Is it the length of the two parallel sides?


yes as easy as you say
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Old October 16th, 2012, 03:02 AM   #2018
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Wait they changed the height??
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Old October 16th, 2012, 03:09 AM   #2019
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Wait they changed the height??
Years ago.
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Old October 16th, 2012, 04:18 AM   #2020
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Yea but not recently right? I got the notion that it had recently been shortened.
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