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Old November 26th, 2014, 12:53 AM   #4961
Hudson11
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New York Office Towers Pop Up Despite Sluggish Market
By Eliot Brown
Nov. 25, 2014 2:32 p.m. ET

Quote:
NEW YORK—Real-estate developers are piling into the nation’s largest office market at the fastest rate in at least two decades despite sluggish demand for space, a gamble that tenants will favor gleaming new skyscrapers over the hundreds already dotting the New York skyline.
Landlords including Related Cos., World Trade Center developer Larry Silverstein and Brookfield Property Partners LP are pushing ahead with big projects
[...]
The potential gap between supply and demand raises concerns about overbuilding, analysts said. Few believe the market will be overwhelmed by a glut of space. But if the economy sours and job growth dries up, the developers and their investors could be forced to cut asking rents or be left with mostly empty buildings.
[...]
tenants often prefer newer office buildings to old, so even if the economy slows, there are plenty of employers to lure from the half-century old skyscrapers that fill Midtown Manhattan. While a recession would be problematic, “if we have normal and slow growth, [builders will] be fine,” said Mr. Page of CoStar.
[...]
Mr. Silverstein, who has built two office towers downtown in the past 10 years and last month secured the $1.6 billion in financing needed to build 3 World Trade Center, a 2.5 million-square-foot tower that is about 20% leased.
[...]
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Old November 26th, 2014, 01:19 AM   #4962
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Quote:
Originally Posted by thejacko5 View Post
need that special boom head though...
True - I can see you know your cranes...
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Old November 26th, 2014, 01:21 AM   #4963
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You are welcome.
Actually I believe they will start with one fall for line speed then switch to 2 falls later for the heavy picks
Turns out they are going directly to 2 fall. Makes more sense doing that if it's going to be used in the near future anyway...
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Old November 26th, 2014, 02:33 AM   #4964
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So now that they have 2 tower cranes in operation, can they get rid of the crawler on Cortland way and reopen the section next to 4WTC?
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Old November 26th, 2014, 02:38 AM   #4965
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Are they really still pouring concrete? Looks like it on the webcam.
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Old November 26th, 2014, 02:51 AM   #4966
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So now that they have 2 tower cranes in operation, can they get rid of the crawler on Cortland way and reopen the section next to 4WTC?
It's been open.
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Old November 26th, 2014, 02:52 AM   #4967
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Are they really still pouring concrete? Looks like it on the webcam.
Yep. They want to get it all done before the snow tomorrow
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Old November 26th, 2014, 03:16 AM   #4968
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Are they really still pouring concrete? Looks like it on the webcam.
There were 5 cement trucks when I walked by today. External elevater looks like it will be at the back of the building.

Fulton street station is wonderful btw.
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Old November 26th, 2014, 03:59 AM   #4969
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Originally Posted by iiConTr0v3rSYx View Post
There were 5 cement trucks when I walked by today. External elevater looks like it will be at the back of the building.
I noticed that as well, it looks like its still being built.

Quote:
Fulton street station is wonderful btw.
yes, inside it looks like a UFO command bridge or something.


Fulton Street Station-4 by CiclismoNY, on Flickr
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Old November 26th, 2014, 05:03 AM   #4970
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Dumb questions, but what is all the plywood looking stuff? And when you guys say they are pouring how can you tell? Are they pouring the walls of the core or something under the plywood.
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Old November 26th, 2014, 05:09 AM   #4971
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The plywood is just simply a giant climbing worker platform for inside the core.

http://iconosquare.com/p/86185359895...199_1512744523
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Old November 26th, 2014, 06:54 AM   #4972
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I walk past Cortland almost everyday and never see people walking through it. Fooled me.
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Old November 26th, 2014, 03:08 PM   #4973
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when the concrete pump boom is extended, they are pouring.
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Old November 26th, 2014, 04:43 PM   #4974
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25/11

image hosted on flickr

DSC_0525-1 by "OptixArt", on flickr

image hosted on flickr

DSC_0519-1 by "OptixArt", on flickr
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Old November 26th, 2014, 04:46 PM   #4975
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image hosted on flickr

DSC_0517-1 by "OptixArt", on flickr

image hosted on flickr

DSC_0505-1 by "OptixArt", on flickr
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Old November 26th, 2014, 09:38 PM   #4976
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What is the man in the middle looking at? Lol
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Old November 26th, 2014, 09:40 PM   #4977
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Quote:
Originally Posted by SkYsCrApEr2013 View Post
What is the man in the middle looking at? Lol
most likely WTC1
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Old November 27th, 2014, 01:43 AM   #4978
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Originally Posted by NYStruct View Post
most likely WTC1

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Last edited by OnePointWest; November 27th, 2014 at 01:50 AM.
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Old November 27th, 2014, 07:54 AM   #4979
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Quote:
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most likely WTC1
I think that was a rhetorical question
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Old November 27th, 2014, 09:09 AM   #4980
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I photoshopped what 3wtc should like like alongside 1wtc and 4wtc:

18_31_View-of-World-Trade-Center-from-Midtown--(credit-dbox,-courtesy-SPI)2 by GargarensisJC, on Flickr

Original image from wtc.com / Silversten Properties / by dbox
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