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Now if they trouble getting financing at the most the project will likely be dragged out with a longer timespan. They can always build later too, now that they have the site, the plans, and approvals. I wouldn't be too down on it, I'm sure they have a plan B. |
That what I was thinking, a plan B. Even though the article sounds like fabrications like Nikolai and JR mentioned (I'd trust JR btw, take it from me), a high profile project like this, far into the process, and with so much money invested in the design process, will not go without a fight. With all the other supertalls in preparation stage, and the sales of other ultra-luxury towers going really well, it would be a big missed opportunity.
I would probably worry more about Shvo as a developer than Stern. |
Where have you guys heard of this "plan B"?
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A week before TRD wrote up this story, the Unions also made a fuss targeting the shareholders of this project. http://www.nydailynews.com/new-york/...icle-1.2230495 Quote:
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I was reading that the Penthouse of 432 Park recently sold for $95,000,000... Not only with all these proposed supertalls be built in one from or another, we'll probably see hundreds of supertall towers rise in our lifetime. If it wasn't for density limits in our zoning, we would already be there. I'm not worried in the least unless we enter another great recession, then all bets are off...
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Its a sanctuary city for wealth. Definitely a good place to invest, even in a time of a recession. Now no city is immune from a market crash, but this place seems to be better fit for weathering one. We could say it has a higher immunity to a potential recession, call it a virus.
Lots of Russian and EU money is floating into the city. Domestic is still a large portion of sales, but international buyers tend to be from the EU, Russia, China, and still account for a healthy share of the market. Views, location, and prestige are what its about. You could build a tower and make out of grey concrete and smiley faces as windows, and it would sell out. |
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I have no idea what any of this discussion has to do with 111 W.57, but these threads do tend to go off topic when there is nothing particularly newsworthy. |
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There is no threat whatsoever to this project. Those who are offended by NY's uber status shouldn't get excited because this tower will rise on time and will be a Huge success.
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Enought "Spire" talk. Two very different buildings and two very different cities.
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http://www.pbase.com/nyguy/image/160236667/original.jpg http://www.pbase.com/nyguy/image/160236668/original.jpg https://pbs.twimg.com/media/CGLfbWaUsAAWdvK.jpg:large |
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Fingers crossed!
This so kicks a$$ over the Torre Verre (at least from the outside, IMO they watered down the Verre exterior and made the structural crossbracing almost flush with the curtain wall. Takes away the dimensionality and richness that it once had.) If they built the below pic instead, I could be more sold on Verre - to me this is the superior expression of the structure. Now the crossbracing looks just like a sticker on the facade, flat, lifeless (The inside spaces are sick, as if I will ever get the chance to see this on the inside unless Powerball happens) http://www.designmagazin.cz/foto/200...er-verre-4.jpg pic: designmagazin.cz Whereas 111 expresses its structure on the outside. Just stunning. |
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Slight height bump, now 1,431' / 436m:
http://a810-bisweb.nyc.gov/bisweb/BS...de=ES683519613 https://s-media-cache-ak0.pinimg.com...cab9aa8843.jpg |
Its musical chairs with these height bumps. Great news nevertheless. 70 of the luckies units on the planet living essentially in an art masterpiece.
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Nice height, just pass Sears already!
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