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Old July 11th, 2013, 07:35 AM   #2661
ThatOneGuy
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Quote:
Originally Posted by Chibears85 View Post
I see a lot of things that could be removed to save money.

Merge all the 'diamonds'
Flatten the top of 2WTC
Remove antenna on top
Realistically, though. There would be no point building it if those happened to the design. The removal of fins would be the closest thing to a 'value engineer' I would imagine, but fins are cheap and easy to make, and wouldn't save much, anyway, so it would be pointless to remove them.
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Old July 11th, 2013, 10:25 AM   #2662
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Quote:
Originally Posted by Chibears85 View Post
I see a lot of things that could be removed to save money.

Merge all the 'diamonds'
Flatten the top of 2WTC
Remove antenna on top
This will be built, as designed. There are a lot of tenants seeking space, and the economy hasn't even started a strong recovery yet.
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Old July 12th, 2013, 03:56 AM   #2663
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will the diamonds light up at night? that would be awesome!
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Old July 12th, 2013, 04:02 AM   #2664
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Yes, the diamonds will be lit.

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Old July 12th, 2013, 04:11 AM   #2665
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So why this delay? Must be very complicated. Can someone explain?
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Old July 12th, 2013, 01:42 PM   #2666
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Lack of tenants. You can read all about that in the previous pages.
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Old July 13th, 2013, 04:58 AM   #2667
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Related has just pre-leased, at cost, around 4m sf space for its yet to be constructed towers. I've been predicting for years that no one could compete for tenants when Related was "giving space away," but for the initial lease in Tower 3, which also probably was offered at cost in order to trigger financing.
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Old July 13th, 2013, 05:08 AM   #2668
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Quote:
Originally Posted by Vertical_Gotham View Post
According to Silverstein's website:
http://www.wtc.com/leasing/leasing-tower-2

2 WTC = 3.1 m sq ft
3 WTC = 2.5 m sq ft
4 WTC = 2.3 m sq ft
7 WTC = 1.7 m sq ft

On Durst's website for tower 1:
http://www.durst.org/properties/one-world-trade-center

1 WTC = 3 m sq ft

If these figures are accurate posted by the building owners, then I'm not surprised that 2 WTC just edges Tower 1 in total sq footage, because 2WTC looks to be bulkier than Tower 1 from the models.
No way 1 WTC is only 3 million. I've seen multiple sources between 3.45 and 3.51. I believe what you have lists office space, for 4WTC does have 1.7-1.8 in office space.
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Old July 15th, 2013, 04:56 PM   #2669
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This would kick start construction of @ WTC even without a tenant:

Judge to weigh whether WTC owners can seek money from airlines over 9/11By Larry Neumeister, Associated Press

A judge who has presided over most of the litigation stemming from the Sept. 11 attacks will decide whether the owners of the World Trade Center can try to make aviation companies pay billions of dollars in damages.

U.S. District Judge Alvin K. Hellerstein said he will announce his decision immediately after hearing several witnesses and listening to arguments in a nonjury trial starting Monday and expected to last three days.

The trial will decide whether World Trade Center Properties and its affiliates can receive more than the $4.9 billion in insurance proceeds they have already recovered since the 9/11 attacks by terrorists who hijacked commercial airliners and flew them into the 110-story twin towers. The attacks led to the destruction of the towers as well as a third trade center building.

Advertise | AdChoicesIf the judge should decide that the World Trade Center owners were entitled to additional money, a liability trial might occur. The defendants include American Airlines Inc., AMR Corp., United Airlines Inc., US Airways Inc., Colgan Air Inc., Boeing Co. and the Massachusetts Port Authority, among others.

The airlines and other aviation-related companies were sued with the reasoning that they were negligent, allowing terrorists to board airplanes and overtake their crews before plunging the planes into the trade....


http://usnews.nbcnews.com/_news/2013...lines-over-911
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Old July 15th, 2013, 05:06 PM   #2670
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New York NewsJudge to mull if airlines owe World Trade Center owners over 9/11Updated at 07:59
LARRY NEUMEISTER

NEW YORK -- A judge who has presided over most of the litigation stemming from the Sept. 11 attacks will decide whether the owners of the World Trade Center can try to make aviation companies pay billions of dollars in damages.

U.S. District Judge Alvin K. Hellerstein said he will announce his decision immediately after hearing several witnesses and listening to arguments in a nonjury trial starting Monday and expected to last three days.

The trial will decide whether World Trade Center Properties and its affiliates can receive more than the $4.9 billion in insurance proceeds they have already recovered since the 9/11 attacks by terrorists who hijacked commercial airliners and flew them into the 110-story twin towers. The attacks led to the destruction of the towers as well as a third trade center building.

If the judge should decide that the World Trade Center owners were entitled to additional money, a liability trial might occur. The defendants include American Airlines Inc., AMR Corp., United Airlines Inc., US Airways Inc., Colgan Air Inc., Boeing Co. and the Massachusetts Port Authority, among others.

The airlines and other aviation-related companies were sued with the reasoning that they were negligent, allowing terrorists to board airplanes and overtake their crews before plunging the planes into the trade center complex, destroying three buildings.

Hellerstein has already said the maximum the trade center owners could recover from aviation defendants would be $3.5 billion. The trade center owners say it has cost more than $7 billion to replace the twin towers and more than $1 billion to replace the third trade center building that fell.

In court papers, both sides have accused the other of unfairly characterizing their claims, with the aviation defendants saying the trade center owners were being "absurd" and the complex's owners labeling some of the aviation defendants' arguments as "nonsense."

The aviation defendants say Hellerstein should conclude that the trade center owners are entitled to no award because they've already been reimbursed by insurance companies for the same damage they are trying to force aviation defendants to pay for as well. They also note that the replacement buildings are more modern and fancy than the original buildings.

Of the 7 World Trade Center building - the first to be rebuilt after the attacks - the lawyers wrote that the trade center owners "built a new, state of the art 'green' building that bears little resemblance to the office building that collapsed as a result of the Sept. 11 terrorist attacks."

They said they plan to call only two witnesses: an expert on law and economics and an expert in the adjustment of insurance claims. Additional evidence they will introduce will include leases, insurance policies, proof of loss, communications between trade center leaseholders and their insurers, and financial statements.

In their court papers, the trade center's owners insist that recovering money from aviation defendants would not result in a "double recovery" because of the billions they've already received from insurers. And they note that their rebuilding costs "far exceed" what they've received from insurers.
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Old July 15th, 2013, 06:21 PM   #2671
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This is good news! Meaning the decision is imminent. I really hope this will be a favorable outcome and Silverstein can start 2WTC along 3 WTC for completion by next year. I'm hanging by the toe for this news!
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Old July 15th, 2013, 06:23 PM   #2672
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There's still Silverstein's case against MassPort too...
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Old July 15th, 2013, 06:28 PM   #2673
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I'm saving myself from having a heart attack until 2 WTC rises.

This will be the best office tower in NY IMO.
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Old July 15th, 2013, 07:03 PM   #2674
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Quote:
Originally Posted by Vertical_Gotham View Post
This is good news! Meaning the decision is imminent. I really hope this will be a favorable outcome and Silverstein can start 2WTC along 3 WTC for completion by next year. I'm hanging by the toe for this news!
I don't think so. It sounds like this is simply a summary judgment motion hearing on which a decision is imminent but that a trial would occur thereafter.
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Old July 15th, 2013, 09:30 PM   #2675
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That is what I read as well.
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Old July 15th, 2013, 10:24 PM   #2676
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Quote:
Originally Posted by RobertWalpole View Post
If the judge should decide that the World Trade Center owners were entitled to additional money, a liability trial might occur. The defendants include American Airlines Inc., AMR Corp., United Airlines Inc., US Airways Inc., Colgan Air Inc., Boeing Co. and the Massachusetts Port Authority, among others.
lol! My reading comprehension has been a bit faulty lately

Even so, a positive ruling will be one step closer in this forever dragging Insurance Claim. Can't move forward without step one.

At this rate... With a probable series of hearings afterwards, I am hopeful that 2WTC gets an anchor tenant before this debacle is all said and done.

I have high hopes for a couple of companies that are Space Hungry that has the ability to fully lease a building all by their own if they choose to.

Credit Suisse, Citibank and Newscorp.


Last edited by Vertical_Gotham; July 15th, 2013 at 10:30 PM.
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Old July 15th, 2013, 10:37 PM   #2677
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Quote:
Originally Posted by L.A.F.2. View Post
No way 1 WTC is only 3 million. I've seen multiple sources between 3.45 and 3.51. I believe what you have lists office space, for 4WTC does have 1.7-1.8 in office space.

Yea I think your right.

I also read 1 wtc had a total of 3.5 m sf somewher. So the 3 m sf probably represents the total office space.

I think the figures for 2 WTC is inaccurate posted in silverstein's website. It stated it had 3.1 m sf but I think that represents the whole sq footage of the building. The total office space in 2 WTC should be around 2.6 m sf and the difference would probably be the retail component of the tower.

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Old July 17th, 2013, 01:19 PM   #2678
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Old July 17th, 2013, 05:01 PM   #2679
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[edited because I cannot figure out how to embed a picture link from Twitter]

Last edited by mindgoessnap; July 17th, 2013 at 05:03 PM. Reason: Broken twitter link
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Old July 17th, 2013, 11:59 PM   #2680
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Key Ruling Nears in World Trade Center Developer Damages Suit.Article Comments Law Blog HOME PAGE ».smaller Larger .
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smaller Larger facebooktwittergoogle pluslinked ininShare.0EmailPrintBy Eliot Brown

AFP/Getty ImagesFor nearly a decade, World Trade Center developer Larry Silverstein has sought to make the aviation industry compensate him for what he described as “reckless” security breaches on Sept. 11, 2001.

This week in federal district court in Lower Manhattan, a trial is underway on the long-running tort litigation between Mr. Silverstein and two airlines and their insurers.

The developer, who signed a 99-year lease to control the Twin Towers less than two months before the 2001 terrorist attacks, has already recovered $4.1 billion from a group of property insurers.

The non-jury trial, which started Monday and is expected to end with a judge’s ruling as early as Thursday, is to determine if Mr. Silverstein’s World Trade Center Properties is entitled to seek to billions of dollars in damages from the airlines and their insurers.

If U.S. district judge Alvin Hellerstein rules against Mr. Silverstein, it would bring an end to the last of the developer’s damages litigation related to the terrorist attack. But if he wins, a court would still have to decide if the airlines are at fault, and how much money Mr. Silverstein is owed, if any at all.

Litigation has played a key role in the rebuilding of the World Trade Center. Mr. Silverstein engaged in a multi-year legal battle with his property insurers over the amount of damages he was eligible to receive, ultimately winning $4.1 billion in 2004. That has gone toward rebuilding and making rent payments on his 99-year lease of the 16-acre site to the Port Authority of New York and New Jersey.

One problem: That amount is far short of what’s needed to rebuild.

The four skyscrapers planned to replace the Twin Towers — two of which are under construction and slated to open by 2015 — carry a price tag of roughly $10 billion. Public aid has run into the billions of dollars, but without landing any tenants, Mr. Silverstein can’t start on either of the two remaining buildings without an infusion of new money.

That’s where the case being heard this week fits in: Should Mr. Silverstein’s company win any more money, he has said the award would go toward rebuilding.

The trial should determine how much– if any—additional money Mr. Silverstein is eligible to receive because of the terrorist attacks. Judge Hellerstein has ruled that total damages under torts law for the landlord are capped at $2.8 billion, the value of Mr. Silverstein’s 99-year lease just before the 2001 attack.

Given that Mr. Silverstein has already been awarded $4.1 billion from his property insurers, the question being debated in the trial is how much of that award should count toward the $2.8 billion limit.

The airlines say that all of it should, and therefore Mr. Silverstein isn’t entitled to anything more.

Mr. Silverstein’s company, though, is arguing that the vast majority of the $4.1 billion doesn’t correspond to the torts limit, and thus the developer should be eligible for more damages awards from the airlines. That’s because the bulk of that $4.1 billion was earmarked for rebuilding — as opposed to a reimbursement for lost income — which the developer says shouldn’t count toward the limit.

The trial is expected to end on Thursday.
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