I actually think the project is on more solid footings today than when it was announced. Because its an iconic building now, I think it will make property barons even more interested in buying units in it.

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"?

The "article" only tells a story that the gullible would enjoy, like a scary story about a zombie.

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

Before some inject more drama into this thread, maybe look at the situation and critically evaluate the circumstances with an ounce of real estate knowledge. If not, this forum will lose credibility and will end up feeding off the fantastical speculation of those who are left.

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...

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.

The main reality is that the markets, banks and real estate demand crashed...even in NYC.

But that has zero to do with the Spire. The Spire was never a serious project.

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.

How is a project that started construction "not a serious project..." Please, it should never have come up in this thread.

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.

No, the default diagrams view no longer shows proposed buildings.

Enought "Spire" talk. Two very different buildings and two very different cities.



Lol, I won't even ask.



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

The City, lads! :cheers:

https://pbs.twimg.com/media/CGLfbWaUsAAWdvK.jpg:large

A reminder of what's to come ... :worship:

http://m8.i.pbase.com/o9/06/102706/1...CBcVp.w22b.JPG

By Otie
http://www.josehdz.com/wp-content/up...btYNrId0Yz.png

http://i1287.photobucket.com/albums/...1.jpg~original


http://i.imgur.com/6U2nlsPh.jpg

http://i1287.photobucket.com/albums/...s.jpg~original

http://i.imgur.com/E5TyQD0.jpg


http://si.wsj.net/public/resources/i...0325155856.jpg

https://s-media-cache-ak0.pinimg.com...f5b14c64fe.jpg

Together with Verre
http://m0.i.pbase.com/o9/06/102706/1...t.111and53.jpg

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.

Ohio!

Spectre1000 :haha::haha::haha

http://i1287.photobucket.com/albums/...s.jpg~original

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.

I think your confusing One57 with Tower Verre. AFAIK, One57 was always between 900 and 1100 feet in all proposals.

Nice height, just pass Sears already!

Nope, it was indeed ~1,300' at some point. Look up the One57 thread.