NEW YORK | 175 Park Avenue (Grand Hyatt) | 1,581 FT | 92 FLOORS

[Zapatan]

Originally Posted by streetscaper

I'm certainly disappointed in the changes, definitely value-engineered as many of us here feared could happen.... but not that dissappointed because it's still quite beautiful and also because I never had my hopes up for the tower being built as was presented.

Let's hope for no further value-engineering, but you never know so, again, don't get your hopes up

I think we all saw that coming, I don't think it looks that bad at all though, and despite the potential slight height cut it will still be noticeably taller than the surrounding buildings, the signature tower of that area of midtown.


I really wonder if NYC will ever top Central Park Tower or 1WTC.

[DCReid]

Originally Posted by Zapatan

I think we all saw that coming, I don't think it looks that bad at all though, and despite the potential slight height cut it will still be noticeably taller than the surrounding buildings, the signature tower of that area of midtown.


I really wonder if NYC will ever top Central Park Tower or 1WTC.

The longer it takes to get started, the more costs will rise and the greater the risk that the size/height of tower will decrease. So, I am not surprised. Given its size already, even a large tenant like Morgan Stanley, signing may not eliminate the risk of it being reduced in size or further value engineering. Unlike the 70 HY, which has apparently grown in size, this building is already huge and I doubt any one tenant would be willing to fill even half of it. Let's just hope it gets built -- the hotel is still there and operating, and things can change.

[Solarian]

Originally Posted by Zapatan

I think we all saw that coming, I don't think it looks that bad at all though, and despite the potential slight height cut it will still be noticeably taller than the surrounding buildings, the signature tower of that area of midtown.


I really wonder if NYC will ever top Central Park Tower or 1WTC.

I honestly don't think so just in the near future at least. I don't really think there are many sites in NYC that are appropriate for developments even taller than what was already been built. Not against that changing though, just doesn't look like anyone was plans otherwise