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Old Posted Apr 25, 2012, 6:28 PM
RobertWalpole RobertWalpole is offline
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Join Date: Apr 2010
Posts: 1,911
Quote:
Originally Posted by babybackribs2314 View Post
I see this as being neither tall nor remarkable.

Anything below 700' fails to make any impact on Midtown East, and I think it's doubtful they exceed that height (if they do, not by much). They don't have the necessary FAR.

432 Park is going to be practically across the street, as well. It would have to be extremely tall to make an impact next to the city's future tallest by roof.

I wonder if the 'starchitect' competition is a front, as this just doesn't seem like an opportunity for something huge (although buildings like Hearst are quite nice). Could also just be PR for the first of dozens of sites that will be redeveloped after the upzoning.
I could see it going a lot taller. A huge corporate user isn't going to sign on here for $125/sf. This building will attract a lot of small, very high-end users. I would not be surprised if high-floor tenants pay over $150/sf. I expect a tower between 800 and 1,000 feet with small floor plates.