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Old October 9th, 2015, 09:21 PM   #5161
NYStruct
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As I'm gradually becoming on board with the Ingles 2 WTC design, I do wonder sometimes: how did Foster's 2 WTC not attract any financial tenants? If I was running a financial firm, I would've had them anchor that building in a heartbeat. And did any previous WTC tenants ever consider the possibility of moving back in? Guess they really stuck it to the terrorists there.

It's also been noted, that James Murdoch didn't care for Foster's 2 WTC so I guess the bragging the rights of HQing your corporation at the WTC matter more than any nice building design. Also from what I read, Ingles was really pushing the WTC location which seemed quite ego-driven considering that BIG is based in Lower Manhattan and Ingles himself resides in Tribeca. The recent Wired article also had him bad-mouthing Foster's design.
I think the building did not attract a lot of tenants as it has facing stiff competition: One Vanderbilt and Hudson Yards where prices might be more attractive, and even WTC#1 and WTC#3 which are not 100% leased...

Supposedly James Murdoch claimed that Fox needed more open spaces for their studios and that F+P design did not provide that, but I kind of think that he made an "ego-trip power move" and wanted an architect from his own generation instead of his father's... Maybe he was hoping to prove his relevance by doing so... And since it's a buyer market, Larry S. bent over and said "ooohhh yes fantastic it's so BIG I like it" and the rest is history. Meanwhile everybody is talking about that redesign which makes free publicity for the Murdoches and Fox - genius!

Can't blame Ingles for trying to make a living on that one, but his design is proof that he was never really good at Tetris (though he tried!)
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Old October 9th, 2015, 09:31 PM   #5162
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Considering my London-esque username and the fact you've only been here since July, I can understand your suspicion. However, I would never want to live in Greenwich Village, and think John Boehner was a great Speaker of the House whose name isn't funny at all.

Honestly, I Robert Walpole think should be unbanned. Sure he was a lolcow, but he gave some insightful information and pictures of NYC developments.


I always thought your posts in Miami forums were okay. People in forums with international tendencies are bound to be more sensitive because of politics and the gravity of real life issues.

Last edited by Miami High Rise; October 9th, 2015 at 09:48 PM. Reason: whoops new paghe
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Old October 9th, 2015, 10:45 PM   #5163
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Never want to live in Greenwich Village? What? GV is one of the best neighborhoods in the world.

Anyway, I just thought of this, but considering how conservative "Fox News" is, it's impressive they're moving from an uninspired white box in the ultra white collar midtown manhattan to a progressively designed building, designed by an architect from a purportedly socialist country, in a now trendy neighborhood. Quite ironic.
I'm more of an old school Upper West/East Side kind of guy. I'd also call Lower Manhattan pretty "ultra white collar," and would love to live in a grand old headquarters building converted to residential use.

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I always thought your posts in Miami forums were okay. People in forums with international tendencies are bound to be more sensitive because of politics and the gravity of real life issues.
I not quite sure what you mean. Miami is actually my hometown, so while it's more apparent that I mouth off about politics on forums with international tenancies, I'm more directly active in real life concerning local politics.
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Old October 9th, 2015, 10:56 PM   #5164
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I mean the miami forums as an example of the less sensitive ones, compared to the WDN forums like this thread.
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Old October 9th, 2015, 11:04 PM   #5165
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and would love to live in a grand old headquarters building converted to residential use.
I want to live in the spire of the chrysler building and walk around like



while everyone around me is scrambling for that perfect walk-up.
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Old October 9th, 2015, 11:05 PM   #5166
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I mean the miami forums as an example of the less sensitive ones, compared to the WDN forums like this thread.
Well surprisingly, most my posts aren't even in the Miami section. I usually go to other social media sites for more frequent updates, or see it first-hand.
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Old October 9th, 2015, 11:23 PM   #5167
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I think the building did not attract a lot of tenants as it has facing stiff competition: One Vanderbilt and Hudson Yards where prices might be more attractive, and even WTC#1 and WTC#3 which are not 100% leased...

Supposedly James Murdoch claimed that Fox needed more open spaces for their studios and that F+P design did not provide that, but I kind of think that he made an "ego-trip power move" and wanted an architect from his own generation instead of his father's... Maybe he was hoping to prove his relevance by doing so... And since it's a buyer market, Larry S. bent over and said "ooohhh yes fantastic it's so BIG I like it" and the rest is history. Meanwhile everybody is talking about that redesign which makes free publicity for the Murdoches and Fox - genius!

Can't blame Ingles for trying to make a living on that one, but his design is proof that he was never really good at Tetris (though he tried!)
The Foster design was Larry's favorite and he made no secret of it but at the end of the day, he just wants to get this thing done and I don't blame him. In that recent Wired article on Bjarke Ingles/2 WTC, Silverstein was extremely hesitant about the Murdoch/Ingles deal and was very close to rejecting it all together (like many of us would do in a heartbeat if we were in his position) until the other WTC architects lauded the Ingles-designed Tower 2 which gave him the confidence to move forward with the lease.

I keep hearing that it's essentially a done deal now, so why hasn't construction officially restarted yet?
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Old October 10th, 2015, 04:45 AM   #5168
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The Foster design was Larry's favorite and he made no secret of it but at the end of the day, he just wants to get this thing done and I don't blame him. In that recent Wired article on Bjarke Ingles/2 WTC, Silverstein was extremely hesitant about the Murdoch/Ingles deal and was very close to rejecting it all together (like many of us would do in a heartbeat if we were in his position) until the other WTC architects lauded the Ingles-designed Tower 2 which gave him the confidence to move forward with the lease.

I keep hearing that it's essentially a done deal now, so why hasn't construction officially restarted yet?
maybe because nobody know, WILL Fox move in 2WTC or NOT?
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Old October 10th, 2015, 05:09 AM   #5169
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I keep hearing that it's essentially a done deal now, so why hasn't construction officially restarted yet?
Seems like it's a done deal but the official lease hasn't been signed yet and they still have to secure financing, not to forget that when that's done, they need to clean up the site to prepare it for construction so I don't see the building back u/c till early or the middle of next year.
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Old October 11th, 2015, 03:28 AM   #5170
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I wonder what's it gonna take for the new 2WTC design to be approved for construction? Even though I imagine some people warming up to the new 2WTC design, and other people still disliking it and not wanting it to be built.

One question: Could the new 2WTC design have still housed a banking/financial services company? Or would the new design be fit for any type of office tenant?
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Old October 12th, 2015, 06:16 PM   #5171
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The Foster design was Larry's favorite and he made no secret of it but at the end of the day, he just wants to get this thing done and I don't blame him. In that recent Wired article on Bjarke Ingles/2 WTC, Silverstein was extremely hesitant about the Murdoch/Ingles deal and was very close to rejecting it all together (like many of us would do in a heartbeat if we were in his position) until the other WTC architects lauded the Ingles-designed Tower 2 which gave him the confidence to move forward with the lease.

I keep hearing that it's essentially a done deal now, so why hasn't construction officially restarted yet?
I also heard that it's essentially a done deal and that the bidding process has started. I would imagine that it will take some round of back and forth before contractor(s) are selected for the construction. I for one also believe that there might be a significant difference between the estimate/quote of the architect/engineer and the contractors bidding the project because of the complexities of moving the mechanical equipment, retrofitting the infrastructure, slopped core walls and columns, etc. That may delay the awarding of the job and the start of construction.
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Old October 22nd, 2015, 09:39 PM   #5172
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Saw an article on curbed about the struggling PAC at the WTC. While I don't hate the 2 WTC redesign as much as many on here do, (I want to see the complex finished), I do prefer the foster design. Why didn't Silverstein offer the PAC plot for an Annex for Fox's studios so the Foster design could be saved?
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Old October 22nd, 2015, 11:39 PM   #5173
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^ It really just comes down to dollars and cents. You can't just pop a new tower in a carefully planned layout
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Old October 23rd, 2015, 02:12 AM   #5174
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Quote:
Originally Posted by royal rose1 View Post
Never want to live in Greenwich Village? What? GV is one of the best neighborhoods in the world.

Anyway, I just thought of this, but considering how conservative "Fox News" is, it's impressive they're moving from an uninspired white box in the ultra white collar midtown manhattan to a progressively designed building, designed by an architect from a purportedly socialist country, in a now trendy neighborhood. Quite ironic.
I would take a safe gander that it has more to do with the symbolic nature of the site itself more so than it does with trendiness. Also, Downtown, with Wall Street and the New York Fed just down the road, is a very wealthy financial district. I don't think calling the area "trendy" is appropriate in the context you use it. As for BIG's design, I still retain that is a a big lot of uninspiring nothing.
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Old October 24th, 2015, 12:44 AM   #5175
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^ It really just comes down to dollars and cents. You can't just pop a new tower in a carefully planned layout
I'm not saying another tower on that site, just a small stump building that would house the studios.
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Old November 4th, 2015, 05:54 PM   #5176
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They're already working on financing so things must be moving along nicely.

Wanted: Immigrant Funds to Build Final World Trade Center Tower
http://www.wsj.com/articles/wanted-i...wer-1446569760



Quote:
To help finance construction of the final office tower to go up at the World Trade Center site, its developer is turning to aspiring immigrants.

Silverstein Properties Inc. recently began a marketing push in China seeking investors to put in $500,000 apiece for 2 World Trade Center through the federal EB-5 visa program, which gives green cards to foreigners who invest in certain job-creating businesses.

Silverstein’s goal is to raise about $500 million in low-cost financing for the lower Manhattan tower, according to marketing materials.

The move is likely to draw scrutiny because the developer is benefiting from a provision of the program meant to aid rural areas and economically ailing neighborhoods. Such moves now are coming under fire in Congress, with critics saying the skyscrapers take money away from parts of the country where financing is scarce.

Janno Lieber, who oversees the World Trade Center redevelopment at Silverstein, defended the company’s use of the program, saying new office towers create jobs for residents throughout the region across income levels.

The developer is turning to the program for 2 World Trade Center, he added, because the tax-exempt financing that was critical for the completion of the other World Trade Center towers was used up building them.

“In the absence of tax-free Liberty Bonds,” he said, “EB-5 is key to completing the rebuilding.”

Silverstein is seeking to start the 1,270-foot-tall 2 World Trade now that it is negotiating a lease with 21st Century Fox and News Corp to occupy more than half the 2.8 million square foot tower. News Corp is the parent company of The Wall Street Journal, which would move to the tower.
......

Whatever happens with the program, Silverstein still would need to piece together other sources of financing for the tower. The company is expecting to finance construction with about $2 billion in bank debt, according to the advertising materials in China. It also needs hundreds of millions of dollars in equity, and it is out seeking partners, according to several people familiar with the financing.
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Old November 4th, 2015, 06:03 PM   #5177
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Genius idea for financing.
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Old November 4th, 2015, 06:27 PM   #5178
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Genius idea for financing.
Yeah!..It means that beautiful US is very attractive,the empire in great shape!
Do you know any other country who can do that?
That's how they financed Staten Island's Ferris wheel.
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Old November 4th, 2015, 09:42 PM   #5179
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CTBUH lists this tower at 1323'. That's the tallest figure we have. The official WTC page actually lists it at 1270' as mentioned in the article.
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Old November 4th, 2015, 09:46 PM   #5180
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A few months ago, I heard 2 World Trade Center will start in January 2016, 2 months
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