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Old February 12th, 2016, 10:33 PM   #5641
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I hope so.
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Old February 12th, 2016, 10:50 PM   #5642
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Does this mean Foster's design will be resurrected?
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Old February 13th, 2016, 06:47 PM   #5643
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Silverstein talks 2 WTC, languishing luxury market



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When Larry Silverstein saw the design for 2 World Trade Center, he did not respond positively, especially given the site’s history.

“My first reaction was, ‘Wow, this building looks like it’s going to topple. It’s going to fall over,’ ” the developer said during a panel Thursday on the 40th floor of another one of his buildings, 7 World Trade Center. The 84-year-old eventually warmed to Bjarke Ingels’ design — a series of stair-like boxes rising more than 80 stories tall — but in January, another crucial part of the building’s future fell apart. After 15 to 16 months of discussions, the building’s anchor tenant, News Corp., backed out.

“At the last moment, it was Rupert Murdoch who called and just let me know that they were concerned about the state of the world and the magnitude of the commitment that it would require if they were to go forward with the transaction,” Silverstein said. “He felt that the timing was bad from their vantage point.”

Silverstein reiterated previous assertions that it won’t take long for a replacement tenant to materialize. The building represents the “new language” of buildings in New York City and the creativity of its architect — qualities that will swiftly attract future occupants, he said.

“We’ll build tower two,” he said. “We will find a user for that building, and it won’t take up a lot of time. That’s a good building.”


During the Anchin Construction and Development Forum, Silverstein touched on other design decisions made over his career. He said that he has learned from many mistakes, including the original 7 World Trade Center, which ended up “a very pedestrian building,” due to the developer’s desire to save on construction costs.

“It was devoid of architectural quality, and amassed to a bulk of heaviness that was not what I really aspired to accomplish here, but I was intent on building as inexpensive as I could, and so that’s what we did,” he said. “But I learned as a result of that experience that it makes all the difference in the world to do first-class architecture because it will make all the difference in the world to prospective users.”

Silverstein, prompted by moderator Rosemary Scanlon, former dean of New York University’s Schack Institute of Real Estate, also touched on the slowing of the luxury condominium market. He said that the city has seen a tremendous influx of foreign capital, due to investors seeking a more secure market. But developers have been overzealous in their response to the demand, creating “five, six, maybe seven years” worth of supply in a very short period of time. As a result, activity in the ultra-luxury market “fell off the cliff,” he said.

“The flow has been incredible. It has made its way into the easiest form of hard asset acquisition. What is that? Condominium apartments.” he said. “What it’s caused, however, is an incredible movement in the condominium cycle, and what you have is a record number of condominium developments all over the city such that we suddenly find ourselves that the development community overdid it.”

Still, Silverstein said he doesn’t expect the flow of foreign investments to stop pouring into the U.S. anytime soon. It will just take some time for the overflow of luxury properties to be absorbed, he said.

As for new office buildings in the city, Silverstein believes there’s a lot of demand for modern office buildings. But he said his company, Related Companies and Brookfield Property Partners are the only developers pulling their weight in replacing the aging stock.

“Other than the three of us, there’s no creation of new office space certainly of any quantity or quality,” he said.
http://therealdeal.com/2016/02/12/si...luxury-market/
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Old February 13th, 2016, 06:52 PM   #5644
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Old February 14th, 2016, 01:16 AM   #5645
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So there are no alternatives to the Foster and Ingels design?
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Old February 14th, 2016, 03:57 AM   #5646
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Seems Bjarke's design is here to stay, I didn't get the vibe that Larry is reconsidering it at all.

And really, why would he? It's a fresh, modern design that attracts a new kind of tenant, granted its surrounded by 10+ year old architecture. There might also be the possibility, as others have said, that he can't just go back to Foster given how that relationship was ended.
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Old February 14th, 2016, 09:42 AM   #5647
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I understood that the Ingels design was just chosen to fill the needs of News Corp for including large tv studios. Without News Corp a new tenant will likely chose the old design by Norman Foster.
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Old February 14th, 2016, 03:25 PM   #5648
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I don't see why people are making a big deal about the fact the Foster design is now 10 years old. I think it is a timeless design, while the BIG design may seem modern at the moment, but outdated in a few years time. The Empire State Building is over 80 years old but its design is still amazing.
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Old February 14th, 2016, 06:15 PM   #5649
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God I just hate Rupert Murdoch so much. That bullshit excuse about the state of the world not being right is ridiculous.
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Old February 17th, 2016, 03:37 AM   #5650
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In no means trying to be spam, but I do want to share something from Change.org which is a petition on building a twin for One World Trade Center as Tower 2. This petition has recently been posted, so not a lot of people have signed it. The link is below. This is just an idea, a possibility: change.org/p/larry-silverstein-build-twin-one-world-trade-center-freedom-towers
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Old February 17th, 2016, 06:31 AM   #5651
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Quote:
Originally Posted by JackUnblock View Post
In no means trying to be spam, but I do want to share something from Change.org which is a petition on building a twin for One World Trade Center as Tower 2. This petition has recently been posted, so not a lot of people have signed it. The link is below. This is just an idea, a possibility: change.org/p/larry-silverstein-build-twin-one-world-trade-center-freedom-towers
That is not possible. You people need to realize there is no way to build a twin of 1 WTC on the site.
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Old February 17th, 2016, 03:17 PM   #5652
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And it would look totally out of place, at least to me.
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Old February 17th, 2016, 07:32 PM   #5653
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Quote:
Originally Posted by iiConTr0v3rSYx View Post
That is not possible. You people need to realize there is no way to build a twin of 1 WTC on the site.
How so?
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Old February 17th, 2016, 07:36 PM   #5654
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Quote:
Originally Posted by Titan Man View Post
And it would look totally out of place, at least to me.
Not sure about looking out of place, but it sure as hell will look a lot better than whatever they're building now.
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Old February 17th, 2016, 07:50 PM   #5655
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It be a way of restoring the twin towers to the skyline
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Old February 17th, 2016, 08:02 PM   #5656
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Quote:
Originally Posted by scoobysaurus View Post
Not sure about looking out of place, but it sure as hell will look a lot better than whatever they're building now.
IMO, it would be in a strange position in regard to WTC1, and WTC1 is designed to be quite unique, Twin Towers were pretty boxy and simple. That design allowed them to work better together, a thing which wouldn't be possible with twins WTC1. Also, we all know how expensive and complicated to build WTC1 was, so I don't see any investor wanting to take that burden when he can easily take slightly smaller project, WTC2, which would be much easier and cheaper to build.
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Last edited by Titan Man; February 17th, 2016 at 10:22 PM.
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Old February 17th, 2016, 10:18 PM   #5657
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Old February 17th, 2016, 10:30 PM   #5658
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Quote:
Originally Posted by Titan Man View Post
I don't see any investor wanting to take that burden when he can easily take slightly smaller project, WTC2, which would be much easier and cheaper to build.
Whoa whoa whoa, now wait a minute. Easier and cheaper? Aren't we trying to make the complex better? That was the initial plan the second since the towers came down.
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Old February 17th, 2016, 10:33 PM   #5659
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Quote:
Originally Posted by JackUnblock View Post
How so?
It's not something that has to be explained at this point.
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Old February 17th, 2016, 10:40 PM   #5660
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Quote:
Originally Posted by JackUnblock View Post
Whoa whoa whoa, now wait a minute. Easier and cheaper? Aren't we trying to make the complex better? That was the initial plan the second since the towers came down.
As we all know, WTC1 is pretty much like a fortress, and a very expensive one. Specifically, the most expensive business building ever built. By building a twin to WTC1, one must satisfy all the requirements of the WTC1, and it would be a worse solution to a developer that's only interested in money and profit, so that's why he'll turn to Fosters or BIG's design, which are still specially secured from terrorist attacks, but probably not as much as WTC1, since the tallest and most symbolic tower is more likely to be under a threat of another fanatic lunatic than a "mere office building" (like 2WTC or 3WTC).

P.S. the complex will nevertheless be much better that the original one, IMO.
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