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Old January 24th, 2012, 02:20 AM   #1321
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Originally Posted by Dwotci View Post
Wow, capping a skyscraper at 7th floor... sounds absurd.
But Larry doesn't have the money to build it. He needs money from a tenant to finance the tower. Additionaly the government financial aid he was promissed he'll recieve only if he finds a tenant
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Old January 24th, 2012, 03:08 AM   #1322
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It would be a waste of air rights and previous investments if this get's capped off at 7 stories. Besides the fact it's going to look shit being surrounded by huge skyscrapers. It is however understandable in these times. It's too big of a risk to keep building. Either way it's going to be a waste of money, there is just a difference in how much.
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Old January 24th, 2012, 05:10 AM   #1323
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I'll have to agree with Robert, 2 and 3 WTC will be built eventually no matter what happens, but not so much for the Hudson Yards towers.
Where did you get that idea? The Hudson Yards will be built in full. Also, since they offer the least expensive new space, they will sign tenants before any other tower. Related is the only developer that seeks to merely break even and not to make a huge profit from its office towers. It seeks to make money on the residential and retail components. Therefore, no office developer can compete with it.
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Old January 24th, 2012, 04:10 PM   #1324
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“We . . . remain fully optimistic that we will sign a lease in time to complete the tower as scheduled in 2015,” Silverstein said.


http://www.nypost.com/p/news/local/m...RlLLnUTkFp4DII

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Old January 24th, 2012, 04:17 PM   #1325
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Quote:
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But Larry doesn't have the money to build it. He needs money from a tenant to finance the tower. Additionaly the government financial aid he was promissed he'll recieve only if he finds a tenant
Well yeah, I did understand that from what I read in this topic But still, if I don't look at the financial side of things and just think about it from an uninformed onlooker's point of view, this really is absurd, that's what I meant. Has such thing ever happened in history, I wonder? Ah, anyways, I wish he does find a tenant, though TBH I don't really believe this will happen.
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Old January 24th, 2012, 05:26 PM   #1326
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“We . . . remain fully optimistic that we will sign a lease in time to complete the tower as scheduled in 2015,” Silverstein said.


http://www.nypost.com/p/news/local/m...RlLLnUTkFp4DII

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Pretty encouraging words from the guy who knows more about what's going on than anyone else.
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Old January 24th, 2012, 06:18 PM   #1327
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Pretty encouraging words from the guy who knows more about what's going on than anyone else.
I wouldn't read too much into statements like that. ALL developers say those things. He'll get a tenant for T3 eventually. Remember 7WTC didn't get its first tenant till six months after it was opened.

The best thing to keep in mind is that as the months continue to tick by, there will be more and more visible progress at the WTC. In twelve months, T4 will appear finished exterior wise, T1 will have its spire and almost all the office level glass complete, the memorial plaza should be 99% open, all the steel and decking should be done for the VSC, the Hub steel will be above ground. Lots more visible progress. If that can't lure a major lease signing, I don't know what will.
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Old January 24th, 2012, 09:44 PM   #1328
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Quote:
Originally Posted by RobertWalpole View Post
Where did you get that idea? The Hudson Yards will be built in full. Also, since they offer the least expensive new space, they will sign tenants before any other tower. Related is the only developer that seeks to merely break even and not to make a huge profit from its office towers. It seeks to make money on the residential and retail components. Therefore, no office developer can compete with it.
But still, Hudson Yards can fatally crash anytime if something goes wrong, but no matter what happens in WTC it'll get built.
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Old January 25th, 2012, 12:51 AM   #1329
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But still, Hudson Yards can fatally crash anytime if something goes wrong, but no matter what happens in WTC it'll get built.
Hardly. Related is committed to an extremely lucrative project that gives it the right to build thousands of units of very expensive, waterfront condos.

Related also has a tenant for 600k sf of space in the first commercial tower, and it has a gigantic Canadian pension fund as a commercial partner.
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Old January 25th, 2012, 05:17 AM   #1330
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Quote:
Originally Posted by spectre000 View Post
I wouldn't read too much into statements like that. ALL developers say those things. He'll get a tenant for T3 eventually. Remember 7WTC didn't get its first tenant till six months after it was opened.

The best thing to keep in mind is that as the months continue to tick by, there will be more and more visible progress at the WTC. In twelve months, T4 will appear finished exterior wise, T1 will have its spire and almost all the office level glass complete, the memorial plaza should be 99% open, all the steel and decking should be done for the VSC, the Hub steel will be above ground. Lots more visible progress. If that can't lure a major lease signing, I don't know what will.
agreed, developers pull this tactic all the time to try and get a subsidy. this tower will get built to its full height. office space is running low in manhantten. especially buildings with large blocks of space. last i checked the vacancy rate was at 8% well within an acceptable level to add more supply.
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Old January 25th, 2012, 06:07 AM   #1331
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I admire Larry's enthusiasm, worth watching this Bloomberg Interview.
PS. The interviewer is perhaps the sexiest girl I've ever seen on videos of this kind...

http://www.bloomberg.com/video/84416534/
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Old January 25th, 2012, 06:20 AM   #1332
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The interviewer is Trish Regan. She just joined Bloomberg television after leaving another US-financial network CNBC.

If you like Trish, you should see her colleague on Bloomberg, Gigi Stone. She is HOT!!!


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Old January 25th, 2012, 02:00 PM   #1333
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Quote:
Originally Posted by Otie View Post
I admire Larry's enthusiasm, worth watching this Bloomberg Interview.
PS. The interviewer is perhaps the sexiest girl I've ever seen on videos of this kind...

http://www.bloomberg.com/video/84416534/
I second that. Props to Silverstein, I couldn't focus if I was there instead of him... probably just mumbling some incomprehensible words, probably like: "yes the WTC, it's the new WTC, very tall buildings, yes,... btw you are so hot, wtf you are doing here? "
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Old January 25th, 2012, 03:02 PM   #1334
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That chick is really hot As for Larry, I agree that his enthusiasm is admirable, though I still have a rather negative opinion about his decisions concerning the rebuilding effort
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Old January 25th, 2012, 09:39 PM   #1335
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Related with Oxford Properties can build office space at Hudson Yards using the money they get from selling condo units. They can afford to build without signed leases. Not the same thing here.
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Old January 25th, 2012, 11:12 PM   #1336
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Old January 26th, 2012, 02:24 PM   #1337
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They're pouring a large section of the lobby floor this morning...
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Old January 27th, 2012, 01:57 AM   #1338
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Quote:
Originally Posted by Dwotci View Post
Well yeah, I did understand that from what I read in this topic But still, if I don't look at the financial side of things and just think about it from an uninformed onlooker's point of view, this really is absurd, that's what I meant. Has such thing ever happened in history, I wonder? Ah, anyways, I wish he does find a tenant, though TBH I don't really believe this will happen.
I recently remember the Sulafah tower in Dubai. Was not supposed to get as tall as this building but still. They just stopped at a certain amount of floors, finished it and done. And so were the plans of the Waterview tower in Chicago, a project that was supposed to rise to 319m. They stopped construction, it sat there for years, abandoned. Finally they're demolishing it right now, bad investment I guess.
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Old January 27th, 2012, 02:26 AM   #1339
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Waterview Chicago was sold to the Related Companies and is being built out as a 65 story apartment project with a new tower design surmounting the partially constructed base. Unless Related changes the design of the base (unlikely) it will only have minor demo work, if any.
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Old January 27th, 2012, 07:33 AM   #1340
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Chadbourne is signing a lease for 1 WTC which is now 2/3 full.
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