Not an accurate headline, but I like the way it sounds...
https://www.globest.com/2025/01/17/rxr-a...-ever-us-skyscraper-that-could-cost-65b/
RXR and TF Cornerstone Propose to Build Tallest-Ever U.S. Skyscraper That Could Cost $6.5B
The 1,575-foot tall tower would feature office and hotel components.
By Anthony Russo
January 17, 2025
Quote:
TF CornerStone and RXR are proposing what would be the tallest skyscraper to ever be built in the United States.
The New York proposed building, called 175 Park Avenue, would stand 1,575-foot-tall and cost as much as $6.5 billion, according to a report from Business Insider. Not only would it be the tallest skyscraper by height — but it would shatter the record for costs too. The tower would feature a mixed-use setting between office and hotel. Other potential amenities that would be included are unclear. The project would surround the Chrysler Building and a new headquarters that's under development for JPMorgan Chase.
To finance part of the costs, the two New York developers are seeking to apply for up to $4.84 billion in federal loans. While that might seem like an ambitious plan because it's up to the Federal government's Department of Transportation to decide on the allocation of funds, Scott Rechler, CEO and chairman of RXR, expects the incoming Trump Administration to support the project.
|
Looking over the process for some previous approved developments, it could take anywhere from a few months to approve (most projects) to a few years. I doubt this would be a long approval, even if they got the full requested amount.
Threaded Mode