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Old May 14th, 2013, 12:40 AM   #2561
Hudson11
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them signing a deal was nothing more than a rumor, however talks may still be underway.
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Old May 14th, 2013, 03:12 AM   #2562
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Even if GroupM is 100% intent on signing a lease in this building, these negotiations take months. How many months passed between the initial rumors of Conde Nest's interest in 1 WTC and them signing their lease, six months? Maybe more. We're talking about a company renting 500,000 square feet, for $60-ish per square foot, for a minimum of 10 years, plus the cost of relocation. Even for a company like GroupM, it's a huge commitment.

The simple fact of the matter is almost 90% of Manhattan's commercial real estate predates 1970, making it by some measure, the oldest stock of commercial real estate of any global economic hub. That's not sustainable. New buildings are inevitable. Just have to be patient.
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Old May 14th, 2013, 03:25 AM   #2563
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Not to mention competition at Related's Hudson Yards development. South Tower is 3.2 million square feet and over 80% leased, while the North Tower has started looking for tenants on it's own. Whatever commercial desire there is in NYC right now is going to go to HY since its prices are more reasonable.
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Old May 15th, 2013, 01:12 AM   #2564
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I predict that will change once the transportation hub is complete. It is the coolest thing about the new complex. Forget the skyscrapers, it's the ground level and transportation hub that will make the WTC something special. Without the hub, it really doesn't have much to offer.
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Old May 15th, 2013, 01:43 PM   #2565
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Quote:
Originally Posted by L.A.F.2. View Post
Not to mention competition at Related's Hudson Yards development. South Tower is 3.2 million square feet and over 80% leased, while the North Tower has started looking for tenants on it's own. Whatever commercial desire there is in NYC right now is going to go to HY since its prices are more reasonable.
Related also will offer 2m sf of office space on Phase 2 (i.e., west of 11th Ave.). I wonder if it will offer this at cost too. Thereafter, it will build around 2.5 sf of office space at the current Coach HQ, which will be razed.
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Old May 18th, 2013, 04:28 PM   #2566
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15/5/2013
image hosted on flickr

World Trade Centers Today by Tony Shi., on Flickr
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Old May 21st, 2013, 05:57 AM   #2567
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Work in progress. The last render is insanely slow and I didn't even have the lights bright enough to be seen.
image hosted on flickr

3WTC base steel by PMadFlyer, on Flickr

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3WTC base cladding by PMadFlyer, on Flickr

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3WTC base interior by PMadFlyer, on Flickr
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Old May 21st, 2013, 06:03 AM   #2568
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Just phenomenal!!
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Old May 21st, 2013, 01:54 PM   #2569
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great work pmad
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Old May 21st, 2013, 04:04 PM   #2570
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Quote:
Originally Posted by yankeesfan1000 View Post
Even if GroupM is 100% intent on signing a lease in this building, these negotiations take months. How many months passed between the initial rumors of Conde Nest's interest in 1 WTC and them signing their lease, six months? Maybe more. We're talking about a company renting 500,000 square feet, for $60-ish per square foot, for a minimum of 10 years, plus the cost of relocation. Even for a company like GroupM, it's a huge commitment.

The simple fact of the matter is almost 90% of Manhattan's commercial real estate predates 1970, making it by some measure, the oldest stock of commercial real estate of any global economic hub. That's not sustainable. New buildings are inevitable. Just have to be patient.
This is all true. New York will expand whatever happens. Similar to London, London has NEEDED to build skyscrapers to provide the space for tennants and continue international competitveness. London and NYC are in similar situations - Both the global economic hubs of the world and both need more floor space!
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Old May 21st, 2013, 08:14 PM   #2571
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CLADDING !

Cladding is now visible on the north west corner.
http://archives.earthcam.com/archive...gzmpr288_4.jpg

The first panel has gone in between the farthest west two columns of the north face above the level of the lobby.
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Old May 21st, 2013, 08:32 PM   #2572
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Looks very dark from the streetview earthcam.. let's hope we'll get some closeup pics soon!
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Old May 21st, 2013, 11:10 PM   #2573
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Quote:
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Looks very dark from the streetview earthcam.. let's hope we'll get some closeup pics soon!
Those are the mechanical floors just above the main lobby.

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Old May 22nd, 2013, 02:50 AM   #2574
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Hello, so when can we start see real progress or something? Thanks i think this is my favorite building of the site.
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Old May 22nd, 2013, 03:33 AM   #2575
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cladding is real progress.
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Old May 22nd, 2013, 03:54 AM   #2576
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I think he means verticle construction.

We'll see that once a tenant signing is announced.
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Old May 22nd, 2013, 06:42 AM   #2577
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Not quite right, but worth posting.
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3WTC failed night lobby render by PMadFlyer, on Flickr
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Old May 23rd, 2013, 10:07 PM   #2578
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there's a mobile crane on sight (for the cladding i assume)

[IMG]http://oi43.************/28hzfbk.jpg[/IMG]
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Old May 24th, 2013, 12:47 AM   #2579
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I saw this one at SkyscraperPage. Best render I've seen so far because of the big size

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Old May 24th, 2013, 06:40 AM   #2580
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now that started coating the tower begins to rise structure also?
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