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Originally Posted by BrianTH
Oxford officially announced renovation was a possibility, with renderings and such, so I assume they know what they are talking about.
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I don't disagree. Oxford must know its market and what can/cannot be done w/r/t renovation. I am sure that the building can be renovated into usuable office space. I guess my point is that the eight foot span would seem to limit the type of renovation possible...or the type of tenant that could be attracted. And maybe that will be one more reason for Oxford to opt for new construction. But that is all conjecture on my part.
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For example, the 2010 proposal for the Chelsea Market expansion (which ran into trouble for NIMBY/design issues) was over what looks to me like a similar sort of building. Note the High Line passing through and the cantilever over the neighboring building--I would think if anything all that would increase the degree of difficulty, although it would be kinda cool to cantilever something at least partially over the Warner Center:
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I agree that there are probably lots of possible means of saving the F&S façade while constructing a high rise inside and above. Or cantilevered above the Warner Centre, assuming those air rights can be obtained. Let's hope that some alternative ideas are explored. I just wonder about the effect of special engineering solutions on the cost of the project, because, that ultimately is what will drive Oxford's decision.
Chelsea Market is the old Nabisco factory (it's our Bakery Square), so as a former industrial building it might be more strongly built that a former Pittsburgh department store. The High Line, afterall, was a freight railroad. But you're right---the problem can be engineered away. But will Oxford pay that? I ask because in New York, where landlords can command some of the highest rents in the world, the default mindset is to build to maximize profits, not to build attractively or creatively. We have our own Bunchers up here.
It's funny that you would reference the Chelsea Market expansion as an example. I live a few blocks north of the complex and was one of the NIMBYs at the 2010 and 2011 Community Board meetings that addressed the expansion. Your photo shows the proposed expansion on the Tenth Avenue end of Chelsea Market---I have no issue with that, although many people argued that with the cantilever is should be lower. But the project also included a second office building on the Ninth Avenue end of the block. That building was simply too tall for the site's footprint. Rather than cantilever (which involves no air rights purchase as the Market owns the entire block), the building shot straight up. The developer eventually promised to reduce the height when he saw the amount of opposition. I heard that the developers are proposing a ten story building, which should not elicit too much negative reaction. Not sure where things stand now.