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Originally Posted by ILNY
Sorry to spoil the party but I am holding my breath at least until I see a render. Remember that 125 Greenwitch was originally 1,356 ft ... but then got almost 300 ft height cut.
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It's all a matter of those development rights, and what could be built. The deal was contingent on securing those additional development rights, and they'll use them. I believe they will also build tall. The Chinese won't shy away from that.
Quote:
The deal, initially announced in August, was contingent on Howard Hughes transferring an additional 303,113 square feet in air rights — after already securing 104,167 square feet — to the site, according to the sale agreement. The Chinese firm paid $390 million for the site, according to a statement released by Howard Hughes on Thursday.
The City Planning Commission approved the air rights transfer in February, bringing the site’s development potential to 817,784 square feet and clearing the way for the two parties to finalize the sale.
The building is expected to be 1,436 feet and 113 stories, according to documents filed with the planning commission.
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I just hope SHoP is still on board with this design.
Quote:
Originally Posted by chris08876
I'm hoping that the renderings will be stunners. We came a long way. Remember this?

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While I did like that version of the tower, I think this is just another case when what we eventually get could turn out much better.
This and 45 Broad are the two most exciting developments Downtown for me. If they move forward as planned, it will reshape how we view the Downtown skyline.