Posted Aug 19, 2016, 1:19 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,840
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I notice developers tend to be very optimistic about timelines. If I've learned anything over the years, it's that they are usually off by 5-7 months. Not as bad as Miami though when it comes to the optimism. That in itself is a different story. But at least with NYC, they will most of the time become a reality. Even projects that have been stalled for years, spring back to life. But in terms of financing news, this is nice. Also good that EB-5 and Chinese capital is funding it. In other words, it's good to go.
They could technically build this in 2 years. Lets say it starts this fall or Q4 of 2016. Given a 2018 completion date, let's assume wither Q3 of Q4, it's very possible that it may.
I do wonder if this started in the fall, would this finish faster than 125 Greenwich? I think so. That project is crawling. Shvo is terrible that's why. He is not Stern or Barnett. Shvo just has better looking hair, but hair does not matter, supertalls do!
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