This will be a great year for this development, as financing is expected to be in place in a matter of months. Of course, the tenant reveal is expected, but the financing is the bigger piece.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
This will be a great year for this development, as financing is expected to be in place in a matter of months. Of course, the tenant reveal is expected, but the financing is the bigger piece.
Are you referring to the federal financing that RXR had sought? If so, do you think that a decision on that financing will be made soon?
Are you referring to the federal financing that RXR had sought? If so, do you think that a decision on that financing will be made soon?
That exact information is posted just above your post.
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Oh yes indeed. This is not just ahead of schedule, but its way ahead. Looks like somebody just said fuck it, lets get this over with. I"ll allow it!
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Wasn't it rumored (a few pages back) they already had a tenant but wouldn't announce it yet? Or perhaps it would be funded with both.
This project is great conceptually but not sure I have faith the dark horse forces behind the scenes getting it built. Fingers crossed.
It seems to me just a matter of time before a tenant is found. This is a long term project in a desirable location. Plenty of tenants will come eventually
Oh yes indeed. This is not just ahead of schedule, but its way ahead. Looks like somebody just said fuck it, lets get this over with. I"ll allow it!
And the outcome was a FONSI! Finding of No Significant Impact, they likely decided that there was zero negative outcome. Interesting they completed the review ahead of schedule even with the government shutdown
This project is great conceptually but not sure I have faith the dark horse forces behind the scenes getting it built. Fingers crossed.
I'm not sure why you have a problem retaining information, so I will be nice and simply say that we have already discussed the tenant situation and the tenant situation in relation to financing.
Now back to the ER, the findings (not that we expected anything different)...
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Given that the environmental review is done - and I have to believe things were expedited - they can now begin to formally close on the financing. RXR may be timing the tenant announcement together with the financing, but who knows.
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Given that the environmental review is done - and I have to believe things were expedited - they can now begin to formally close on the financing. RXR may be timing the tenant announcement together with the financing, but who knows.
Last January I read something about the developers seeking favorable rate federal loans. Is the expedited federal review at all indicative of that likely being the current intention still?
Last January I read something about the developers seeking favorable rate federal loans. Is the expedited federal review at all indicative of that likely being the current intention still?
That’s what the environmental review was for. This project recieved city approval (ULURP, environmental review) a few years ago. The website we have been getting this latest information from is the federal agency that distributes those loans, for transit related projects. The federal environmental review was required.
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Given that the environmental review is done - and I have to believe things were expedited - they can now begin to formally close on the financing. RXR may be timing the tenant announcement together with the financing, but who knows.
Hmmm, Blackstone is one of the most adept regulatory lobbyists, and the project has just had a highly expedited approval. It's impossible to be certain, but one can imagine...
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