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Old October 4th, 2013, 02:15 AM   #2841
desertpunk
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Quote:
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JPM is actually the strongest bank in America, if not the world, notwithstanding their legal issues. In my opinion, their HQ is stunning. They also own the stunning former Bear Stearns tower. That being said, JPM eventually will build yet another tower, especially if it leaves its 1m sf+ of space downtown.
270 Park Avenue is stunning? Well to each his own I guess...



It's a massive bank but they bailed on Riverside South in London and that bodes ill for them doing anything significant at home. They just don't seem interested in doing any real estate deals right now.
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Old October 4th, 2013, 02:26 AM   #2842
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It's pretty good.
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Old October 4th, 2013, 02:31 AM   #2843
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A simple yet elegant building. Hopefully it is preserved as is.
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Old October 4th, 2013, 02:48 AM   #2844
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270 Park Avenue is stunning? Well to each his own I guess...



It's a massive bank but they bailed on Riverside South in London and that bodes ill for them doing anything significant at home. They just don't seem interested in doing any real estate deals right now.
How many times have you seen it in person? I walk by it several days per week. It's beautiful.

JPM's decision not to proceed in London is not indicative of what they'll do at home. London's international importance is declining, so what's the incentive to build there?
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Old October 4th, 2013, 03:07 AM   #2845
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l really hope that this bears fruit. The twin towers were buildings that growing up in NYC were always a part of daily life that l miss. Wtc 1 is a great tower but in my opinion it feels incomplete without tower 2. l'm slightly impatient because l think lt's a beauty.
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Old October 4th, 2013, 04:37 PM   #2846
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I think it looks good. It should be preserved.
It's always a shame to see the amount of people wanting these poor buildings destroyed...
I was looking a 399 this morning...it is very nice building...nice relation to Lever and Seagrams...there are plenty of dogs on Park that should go long before this one.
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Old October 4th, 2013, 04:41 PM   #2847
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I would really like to see a contract for 2WTC...it is very much needed on the cityscape...much more so than anything at Hudson Yards..I believe Foster has rendered a stunning building.
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Old October 4th, 2013, 05:05 PM   #2848
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I was looking a 399 this morning...it is very nice building...nice relation to Lever and Seagrams...there are plenty of dogs on Park that should go long before this one.
This is a sibling to the Calyon on 6th Avenue, where I actually worked last year for a few months. Amazing building, stunning lobby, and great views - you could see bits of Central Park from the upper floors.
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Old October 4th, 2013, 05:06 PM   #2849
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I would really like to see a contract for 2WTC...it is very much needed on the cityscape...much more so than anything at Hudson Yards..I believe Foster has rendered a stunning building.
Unfortunately it's unlikely - I doubt 2 WTC rises until after 2020.

I think there will be a major glut of retail space in the vicinity, as well - especially with Fulton Center opening & Brookfield's renovation of the WFC, where they are apparently trying to lure super high-end tenants. Not going to happen...
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Old October 5th, 2013, 03:57 AM   #2850
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I predict once 1WTC opens fully, and the tenants move in, and the tourists start visiting the tower & the Observation Deck, it will be a huge attraction & moneymaker, & give the site positive energy again. 1WTC is almost full, it needs to find tenants for the 70th-90th floors, I think that will happen before too long.

But bottom line I think once 1WTC is open in full capacity for awhile, & the Transportation Hub is finished, & the site is opened up to the public more, there will be quite a bit of demand for space there & 2WTC will hopefully be built once 1WTC starts being successful. After the Twin Towers were built it took several years for the site to reach full capacity & for it to be full.

Hopefully 2WTC will be built before 2020, but I am hoping 1WTC does so well that the demand will be there for it.
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Old October 5th, 2013, 04:06 AM   #2851
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Yeah, I want to say the original WTC screwed the commercial market in NYC for around 10 years.
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Old October 6th, 2013, 10:05 PM   #2852
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By adding a lot of office space at once? That won't happen this time.
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Old October 7th, 2013, 05:21 AM   #2853
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Does world. Financial center have the LEED certifications projected for WTc 2 -200 Greenwich?
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Old October 8th, 2013, 03:32 PM   #2854
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http://nypost.com/2013/10/08/brooks-...ulinary-debut/

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.....we hear Hudson Yards is out of the running — at least for the moment — in Citigroup’s search for a new headquarters.

The choices are said to have been thinned to the bank’s existing space on Greenwich Street and to a new building at 2 World Trade Center.

“But don’t count the Yards out,” an insider said. “Citigroup is far from making up its mind, and it’s looking at other sites as well.”
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Old October 8th, 2013, 05:16 PM   #2855
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Brooks Brothers going into the steak business?

If they say The Yards is out then they are out. Seems like they made their decision. Obviously Citi's preference is downtown and that is where they see themselves.

If BOA is in a great tower in NYC, shouldn't Citi want to do the same as far as perception?
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Old October 8th, 2013, 05:22 PM   #2856
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2 WTC? Will be more along the lines of Citigroup Plaza at the World Trade Center if Citi anchors.
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Old October 8th, 2013, 05:30 PM   #2857
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I really did not think we would see this tower get a tenant for years...obviously this is not even close to final but it would make sense given the space Citigroup is after.
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Old October 8th, 2013, 05:51 PM   #2858
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Obviously 2WTC is the better choice here - ground works already finished, premium office space, signature tower, subway, path etc etc.

The only problem I see here is that 2WTC would be the most expensive lease. Citi surely wants its office space a bit cheaper ... who knows maybe Silverstein is willing to offer them a special deal.
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Old October 8th, 2013, 06:48 PM   #2859
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Are there any floor plans available for 2 WTC?
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Old October 8th, 2013, 06:51 PM   #2860
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Quote:
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The only problem I see here is that 2WTC would be the most expensive lease. Citi surely wants its office space a bit cheaper ... who knows maybe Silverstein is willing to offer them a special deal.
Maybe but even so,

Downtown asking per square foot is much lower than Midtown’s rate overall (by a lot), although the towers at the WTC complex are asking for midtown rates at the lower end.

For example 7 WTC is asking in the low $70’s ps ft, 1 WTC is asking in the low $80’s per. I expect Silverstein to ask at least comparable to tower 1’s rate.

Citigroup can still save a ton of money especially if it plans to consolidate and put their whole operations under 1 roof paying 1 rate at $80 per vs. what I estimate they are paying over $100 per at 399 park and in some of their other offices where they currently hold in midtown.

So I don't see the price point at the WTC complex an issue except, that other Greenwich site could offer bigger savings for Citi. I just hope being in a great tower in 2 WTC will feel right for them. Their employees quality of life would certainly be better being in such a world class building. That is important too.
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200 greenwich st., 2wtc, foster and partners, lower manhattan, new york, nyc, silverstein, supertall, world trade center

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