[JMKeynes]

Originally Posted by NYguy

I’m too excited watching this building rise to stop! It also helps that the pace has picked up.





I don’t know why we’re talking about Chicago, but buildings aren’t just built for height. Both the Spiral and 50 Hudson are larger buildings than this one, but of significantly shorter height. The reason we are seeing so many taller office towers built now is because of demand and the differences in how you bulit then as opposed to now.

New York is a market that demands the best of what is to offer, as far as office space goes. So you will see buildings with higher ceilings, for example, than some of the cheaper construction elsewhere. It also helps to be higher when one of your selling points in a dense skyline is your views.

But with all that being said, this building could have been, and would have been even taller - with the same amount of square footage - if they just built as was required by zoning. But they wanted to build an office tower that worked best for them. It’s why we had that lengthy approvals process. Ultimately, they didn’t get the alternative they wanted, but a compromise, and probably something better.







As the main entrance, I’m sure that space is going to be spectacular. We are robbed of a little joy from not having a rendering to compare it to, but what are you gonna do.

That’s true. The Madison Avenue entrance looks spectacular.