Austin | 6G | 874 Feet | 65 Floors | Complete - Page 82

the Genral · #**1621** Posted **Jul 22, 2020, 9:26 PM**

Quote:

Originally Posted by gillynova

What a mammoth of a building...

There was a time when City leaders did not want any building to stand taller than the Capitol Building, then came the set backs, and now... its incredible really.

Echostatic · #**1622** Posted **Jul 22, 2020, 9:34 PM**

eguidry · #**1623** Posted **Jul 22, 2020, 9:35 PM**

wrong thread

the Genral · #**1624** Posted **Jul 22, 2020, 10:35 PM**

I just noticed that the office section seems to have taken on a smoother sheen simular to Tower 5C. Maybe its just an illusion from that distance and angle, but I wouldn't mind if it was a late design change.

AusTxDevelopment · #**1625** Posted **Jul 24, 2020, 3:08 PM**

Quote:

Originally Posted by urbancore

Thank GOD 6X broke ground. Now I just hope they don't abandon it like Intel did. (though that performance art show they held in the old Intel shell was hella cool) Does anyone know if the city passed an ordinance to fine companies that abandon their skyscrapers? Can the developer walk away from 6X when the building is 3/4 complete?

Intel only got away with abandoning their building because it was privately funded and being built exclusively for their use. They weren't breaking a contract with other parties except perhaps their bankers.

Skyscrapers that are designed to be leased are done as investments. There are so many parties involved in it - the developer, the stakeholders, the equity partners, the construction lender, etc. - that if one party decides to walk, the others will sue the crap out of the guys who walked away. These deals are well papered and usually insured to cover this type of thing. Short of bankrupting your company it is difficult (but not impossible) and very expensive to walk away from a construction project that is already underway.

If one of the investors wants to walk they just find someone to buy them out. In a down market they sell their interest in the project at a loss and write it off. In an up market they flip their interest and make a ton of money. Some, like Tom Stacy and Sutton, make a career out of this method of investing.

myBrain · #**1626** Posted **Jul 25, 2020, 8:20 PM**

https://www.instagram.com/p/CDEg4eDlTrd/

The ATX · #**1627** Posted **Jul 29, 2020, 1:24 PM**

It looks like the rebar for a couple columns in the SW corner reaches above street level. This is moving fast. They have been filing permits for overnight cement pours.

lonewolf · #**1628** Posted **Jul 29, 2020, 4:13 PM**

Quote:

Originally Posted by The ATX

It looks like the rebar for a couple columns in the SW corner reaches above street level. This is moving fast. They have been filing permits for overnight cement pours.

best time to pour!

Vexal · #**1629** Posted **Jul 29, 2020, 7:24 PM**

Quote:

Originally Posted by lonewolf

best time to pour!

Now if only the city will let us order to-go cement pours without including a food item.

The ATX · #**1630** Posted **Aug 9, 2020, 5:42 AM**

Another rendering from George Blume. He added some Tower 5C conceptual stuff too.

https://www.instagram.com/george_blume3/

llamaorama · #**1631** Posted **Aug 9, 2020, 3:19 PM**

Pretty wild, you could almost mistake that picture for a street in Chicago’s River North or West Loop, or even Melbourne. Kind of shows how far Austin’s come but also how generic architecture has gotten worldwide.

But that podium, sighs...

We vs us · #**1632** Posted **Aug 9, 2020, 5:10 PM**

Quote:

Originally Posted by llamaorama

Pretty wild, you could almost mistake that picture for a street in Chicago’s River North or West Loop, or even Melbourne. Kind of shows how far Austin’s come but also how generic architecture has gotten worldwide.

But that podium, sighs...

I can't help but note that within 5 years or so, that view's going to look WAY more like River North than it does now. Hyatt Centric, BBVA, 5C, Hanover Republic Square -- all are in that view.

JoninATX · #**1633** Posted **Aug 16, 2020, 12:04 AM**

Looks like part of the tower is nearing street level.

KevinFromTexas · #**1634** Posted **Aug 16, 2020, 4:10 AM**

The rebar on the south side already is as of last Tuesday.

Strayone · #**1635** Posted **Aug 17, 2020, 1:14 PM**

Quote:

Originally Posted by The ATX

Another rendering from George Blume. He added some Tower 5C conceptual stuff too.

https://www.instagram.com/george_blume3/

My Lord this is a great view of 6X, and geez it is ridiculously big when comparing it to the Chase tower...which is a block further away. But even Frost looks small (again it's further away) but this building is so big and positioned perfectly in the grid DT. How long will it take to top out? Is that the Indeed building U/C behind 6X...?

jg6544 · #**1636** Posted **Aug 17, 2020, 4:32 PM**

Quote:

Originally Posted by AusTxDevelopment

Intel only got away with abandoning their building because it was privately funded and being built exclusively for their use. They weren't breaking a contract with other parties except perhaps their bankers.

Skyscrapers that are designed to be leased are done as investments. There are so many parties involved in it - the developer, the stakeholders, the equity partners, the construction lender, etc. - that if one party decides to walk, the others will sue the crap out of the guys who walked away. These deals are well papered and usually insured to cover this type of thing. Short of bankrupting your company it is difficult (but not impossible) and very expensive to walk away from a construction project that is already underway.

If one of the investors wants to walk they just find someone to buy them out. In a down market they sell their interest in the project at a loss and write it off. In an up market they flip their interest and make a ton of money. Some, like Tom Stacy and Sutton, make a career out of this method of investing.

The Fairmont Hotel in Dallas sat empty and unfinished for years before they finally resumed construction and completed it.