Quote:
Originally Posted by DCReid
There's really no demand for a residential skyscraper that tall in the downtown area right now. I doubt there will be a demand even 10 years from now.
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You have no idea what you're talking about. It's not the height that's important, but the amount of space and units. There's a whole wave of conversions and apartments coming to that area.
https://skyscraperpage.com/forum/showthread.php?t=260180
There's residential demand
everywhere in New York, and especially Manhattan. Anyway, half of this project will be a hotel, something the city sorely needs now that it has ran itself into a hole in that regard.
Quote:
Originally Posted by Crawford
A very tall building downtown could obviously be financed and built, just as elsewhere in Manhattan. It wouldn't get Billionaire's Row-type pricing, but there's no obvious reason it won't happen.
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And they're not even lookin for billionaires row pricing. Even the failed 1 Seaport had buyers of some of the units there before that project went to hell. I. think people are banking on the height creating extremely high prices, but that isn't always the case. There's a chance we could even see a tower taller than this built on the west side with affordable housing, though that is not a requirement here.
The transfers to the site that were completed prior to China Oceanwide's purchase:
This site is barely outside of the historic district....
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