Posted Mar 22, 2012, 3:07 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 52,590
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Quote:
Originally Posted by Roadcruiser1
Actually the Port Authority should try to get Chadbourne and Parke to lease room in either Two or Three World Trade Center. They are the ones that desperately needs tenants or else they won't be built, and what a better company to take room in them then Chadbourne and Parke.
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Probably won't happen because the same reason the move didn't happen would still apply...
http://www.commercialobserver.com/20...surprises-few/
Chadbourne Decision Surprises Few
Relocating downtown and big capital expenditure dissuaded law firm
By Daniel Geiger 3/21/12
Quote:
Chadbourne & Parke’s decision not to move to One World Trade Center surprised few in the real estate industry who for weeks had been telling The Commercial Observer that the firm’s partners were divided about relocating to Lower Manhattan from Midtown where the firm has long been based.
Another issue that people familiar with the law firm said likely dissuaded it from doing the deal at the iconic downtown tower is the large capital expenditure it would require the company to spend building its space there. “Law firms don’t really have any assets except their people,” said a real estate lawyer who spoke with The Commercial Observer. “As a result, to take a loan, a firm’s partners sometimes have to pledge their own assets as collateral, which can make borrowing money tricky.”
The owners of One World Trade, a partnership between the Port Authority and the Durst Organization, would likely have given Chadbourne & Park significant incentives to do the deal that would have covered part of this expense. Still, Chadbourne & Parke would have likely had to fork over millions of dollars more to pay for the space.
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Meanwhile...
http://online.wsj.com/article/SB1000...127950288.html
Windy City East
March 21, 2012
Eliot Brown
Quote:
The developers of One World Trade Center, the 1,776-foot tower under construction in Lower Manhattan, are facing a problem of nature: wind.
Even though the winter was unusually mild, winds have been gustier than expected, and workers were unable to put up steel at the tower for portions or all of 35 days between December and February, according to Steve Coleman, a spokesman for the Port Authority of New York and New Jersey. He said that is about twice as much time lost to the elements than expected by the agency, which is developing the 104-story tower.
Despite the wind, and a little rain, Mr. Coleman said, "we've made significant progress on the tower and anticipate completing the 101st floor within six weeks." He said the completion date around the end of 2013 wouldn't be affected.
In October 2008, the agency predicted that the building would be "topped out" with its final floor by the end of 2011. Now, in part due to the wind, it is still at least a couple of months away, although the agency hasn't announced a new date.
The agency says it halts the use of cranes to lift steel when winds reach 30 miles an hour.
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NEW YORK is Back!
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Last edited by NYguy; Mar 22, 2012 at 3:26 AM.
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We just have to hang in there & just wait alittle longer now. Trust me, I can't wait for her to get to the roof & for them to add the Antenna. Before we know it, she'll be at FULL HEIGHT! 
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