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Old Posted Oct 17, 2019, 8:06 PM
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JMKeynes JMKeynes is offline
In the long run...
 
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Old Posted Oct 17, 2019, 8:15 PM
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Extell already owns the adjacent building, and there's a separately owned assemblage covering the southern half of the block. I'd bet serious money Extell is trying to buy the whole block.

This will be a major development. Gary Barnett strikes again!
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Old Posted Oct 17, 2019, 8:19 PM
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Hopefully, it will be another supertall.
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Old Posted Oct 17, 2019, 9:58 PM
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NYIT has its graduate architecture program in this building, in fact there is a killer model lab with multiple 3d printers, a CNC machine, laser cutters, table saws, you name it, on the 11th floor with a stunning view of Columbus Circle and the park. Hope they enjoy it while it lasts!
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Old Posted Oct 17, 2019, 10:07 PM
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This sounds like a long term play for the next cycle. When the market picks up for ultra-luxury, the next CPT in the making, when the current inventory is mostly sold.
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Old Posted Oct 17, 2019, 10:12 PM
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Quote:
Originally Posted by chris08876 View Post
This sounds like a long term play for the next cycle. When the market picks up for ultra-luxury, the next CPT in the making, when the current inventory is mostly sold.
That would make sense because when I asked the grad director a few months back if he was concerned about a sale and had any idea where grad arch would move he seemed utterly unconcerned. This building will stand another couple years most likely.
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