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Old December 11th, 2012, 01:49 AM   #2201
Uaarkson
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Quote:
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I want to go there because it's hot. I'm freezing over here in Slovakia
Well, there are a bunch of hotter, much nicer places to live in the U.S.
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Old December 11th, 2012, 02:15 AM   #2202
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Guys, can we please stay on topic? Every time I see updated this thread makes me believe there's some news about the deal.
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Old December 11th, 2012, 03:16 AM   #2203
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Besides "Group M" are there any other potential tenants?
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Old December 11th, 2012, 03:26 AM   #2204
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Besides "Group M" are there any other potential tenants?
White & Case, a top NY lawfirm, is negotiating for 500k sq.f.
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Old December 11th, 2012, 10:46 AM   #2205
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It's good to know that there are several companies interested in this site, better chance of work resuming next year!
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Old December 11th, 2012, 03:25 PM   #2206
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Quote:
Originally Posted by Uaarkson View Post
Well, there are a bunch of hotter, much nicer places to live in the U.S.
Not many places that are hotter than the desert southwest in the US.
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Old December 11th, 2012, 04:05 PM   #2207
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Not many places that are hotter than the desert southwest in the US.
Walking around Atlanta in June is worse than in Phoenix. The deep south is incredibly humid.
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Old December 11th, 2012, 11:15 PM   #2208
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White & Case, a top NY lawfirm, is negotiating for 500k sq.f.

Nice! Thanks for sharing the news!
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Old December 11th, 2012, 11:23 PM   #2209
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Hmm that's very good news.
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Old December 12th, 2012, 01:29 AM   #2210
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the problem is that downtown is terrible and everyone knows it.

midtown will always be the center.
that's comparing apples to oranges not to mention the fact that a ton of the world's commerce runs through downtown so it's prominence and importance vis a vis midtown does not pale in comparison but like i said, two different animals. Midtown the center of entertainment Downtown the center of commerce
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Old December 12th, 2012, 08:07 AM   #2211
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Even if Downtown pales in comparison to Midtown, most other cities pale in comparison to Downtown alone. That show how mighty New York is.
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Old December 12th, 2012, 09:52 PM   #2212
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Downtown needs a direct commuter rail link to somewhere (Long Island/Airport, or NJ). It also needs direct PATH service to EWR airport (which is being considered). Basically, it needs better access. Otherwise it will perhaps become more residential over time, losing its commerce to Midtown and the Hudson Yards. More residential though should make it a more interesting neighborhood. A tunnel connecting Hoboken Terminal with Fulton Transit Center would connect the entire NJ transit system to FiDi. NJ is growing at a faster rate than LI, so that connection might make sense down the line.
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Old December 12th, 2012, 11:13 PM   #2213
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Quote:
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White & Case, a top NY lawfirm, is negotiating for 500k sq.f.
They probably want prestige over price?
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Old December 12th, 2012, 11:47 PM   #2214
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They probably want prestige over price?
No. The WTC is more than sufficiently prestigious. It's a globally-known address, and W&C is a global firm. That being said, rent is a huge expense that diminishes the equity partners' profits. Thus, if they can get space in a new building for $65-80/sf at the WTC, they'll do so, rather than pay $150/sf at Foster's new tower which will rise at 425 Park. As noted, Silverstein is making a gift to the initial tenants of 3 WTC so that he can get it financed and start construction. He surely hopes to get between $100 and $150/sf for the rest of the tower.

Last edited by RobertWalpole; December 13th, 2012 at 06:34 AM.
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Old December 12th, 2012, 11:49 PM   #2215
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They probably want prestige over price?
World Trade Center is the most famous site in the modern world. It is prestigious.
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Old December 13th, 2012, 02:15 PM   #2216
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Quote:
Originally Posted by RobertWalpole View Post
No. The WTC is more than sufficiently prestigious. It's a globally-known address, and W&C is a global firm. That being said, rent is a huge expense that diminishes the equity partners' profits. Thus, if they can get space in a new building for $65-80/sf at the WTC, they'll do so, rather than pay $150/sf at Foster's new tower which will rise at 425 Park. As noted, Silverstein is making a gift to the initial tenants of 3 WTC so that he can get it financed and start construction. He surely hopes to get between $100 and $150/sf for the rest of the tower.
Won't Larry do a similar thing with 2WTC? In that case companies would prefer to move into 2WTC rather than 3WTC, if there is already an anchor tenant in 3WTC. I dunno but if this is the case it might be good news for the continuation of 2WTC's construction
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Old December 13th, 2012, 04:53 PM   #2217
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150/sqft is pretty aggressive. I think its pretty rare to see anything near that.

I know 51 Astor Place was shooting for midtown prices, wanting to get around 90-100/sqft
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Old December 14th, 2012, 04:40 PM   #2218
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LTM1350 showed up on the SE corner of the tower. Anyone knows why? To remove the TG1900?
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Old December 14th, 2012, 05:54 PM   #2219
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^ it has the super lift wings on it. Must be something heavy
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Old December 14th, 2012, 06:18 PM   #2220
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maybe a couple of those plate columns are out of radius?
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