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  #621  
Old Posted Mar 31, 2020, 11:55 PM
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Yeh that era looks like a completely different city. It's amazing the changes that happened in the skyline between 1969-1974. Crazy.

I mean if it was now I would be moaning about 28 Liberty Street being built.

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  #622  
Old Posted Apr 1, 2020, 12:25 AM
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it was a completely different mindset back then. Urban Renewal was all the rage. Chase Manhattan was considered a pioneer in the concept for building that skyscraper. Some still say they saved downtown as a viable place of business. Maybe without Chase moving in, the Twins wouldn't have been built. And now, under a new umbrella, they're doing something similar with 270 Park.
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  #623  
Old Posted Apr 2, 2020, 2:30 AM
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When I think about that era in construction Downtown, I think of the Hudson Yards. But at least in the Hudson Yards, you have a blank slate. I know it was necessary though at the time, there hadn't been new office construction there for decades. And they got a lot of it.

It could have been worse though. We could have ended up with this as WTC, though maybe that would have saved some of the classic skyline views.



https://www.reddit.com/r/Architectur..._center_1960s/



Here you can see the waterfront district in the 60's...



https://www.alamy.com/1970s-aerial-v...244698182.html



A look at a dominant 80 South Street...


https://www.instagram.com/p/B9pc16ZIcPl/

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  #624  
Old Posted Apr 4, 2020, 9:21 PM
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Gaudi's Hotel Attraction would have probably relegated the WTC to the lower east side had it been built. AFAIK it was earmarked for the Radio Row area, before Radio Row even existed.
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  #625  
Old Posted Oct 8, 2020, 7:44 AM
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From my NYC 3d model:







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  #626  
Old Posted Oct 8, 2020, 2:08 PM
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It will be a while before we see this one too, but whatever design gets built here will dominate that portion of the skyline.
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  #627  
Old Posted Oct 8, 2020, 8:14 PM
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Will be it built?
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  #628  
Old Posted Oct 8, 2020, 8:33 PM
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Originally Posted by manchester united View Post
Will be it built?
Maybe. But for now we don't know anything.
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  #629  
Old Posted Oct 9, 2020, 1:52 AM
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Originally Posted by manchester united View Post
Will be it built?
That's not what's being built. We haven't seen the proposal yet.
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  #630  
Old Posted Oct 9, 2020, 6:17 PM
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Whatever goes here, this is such a prime opportunity, here's to hoping whoever buys it builds super high and doesn't blow it with some 700 ft high-rise. (Not that those are bad but this is NYC).

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  #631  
Old Posted Jun 17, 2021, 9:18 PM
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https://www.pincusco.com/china-ocean...fidi-dev-site/

China Oceanwide modifies $169M loan with DW Partners for FiDi dev site


June 17, 2021


Quote:
China Oceanwide Holdings through the entity Oceanwide Center NY LLC as borrower signed a loan modification with lender DW Partners through the entity DW 80 South LLC valued at $169 million for two properties including the industrial (E9) at 163 Front Street in Financial District, Manhattan and office building (O2) at 80 South Street in Financial District, Manhattan.

The deal closed on May 22, 2021 and was recorded on June 16, 2021.

The developer is proposing an 818,000 square feet supertall project, which yields a loan value of $206 per square foot.
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  #632  
Old Posted Jun 17, 2021, 9:28 PM
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What does this mean?
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  #633  
Old Posted Jun 17, 2021, 10:42 PM
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Originally Posted by Yackemflaber69 View Post
What does this mean?
Oceanwide still has the site. Not sure what happened with the sale, but maybe the market wasn’t right for the best price.
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  #634  
Old Posted Jun 18, 2021, 3:51 AM
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Oceanwide has left some real turds for us on the west coast, hoping they don't do the same in NY. The developments look great, but they just can't get them done and have huge unfinished projects in LA and SF.
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  #635  
Old Posted Jun 18, 2021, 5:07 AM
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Hopefully this will be one of the initial residential supertalls of this next development cycle.

Lower Manhattan REALLY needs this tower to balance out the skyline.
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  #636  
Old Posted Jun 18, 2021, 3:33 PM
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I thought Oceanwide would be off the scene by now...


https://therealdeal.com/issues_artic...-sinks-deeper/

Oceanwide’s US business is sinking. Can it right the ship?
The Chinese developer appears adrift, shedding U.S. properties as it seeks to exit real estate






By Kevin Sun
June 14, 2021


Quote:
In 2014, Oceanwide Holdings announced plans to build a 2.4 million-square-foot megaproject in San Francisco. The twin-tower development would be the Chinese conglomerate’s first big push into North America, at a time when Chinese firms were spending billions on massive projects and on acquiring high-end properties from California to New York.

Seven years later, the stalled project — dubbed Oceanwide Center — has come to represent something else: a $1.6 billion burden. Another is a massive L.A. tower project where work has also stalled, along with two large-scale developments still in the planning stages in New York City and Honolulu.
Quote:
In late 2019, reports emerged that Oceanwide was seeking to sell off not only Oceanwide Center in San Francisco, but also Oceanwide Plaza in L.A. and its development site at 80 South Street in Lower Manhattan, where it planned to build a 1,400-foot-tall mixed-use skyscraper. The company’s land holdings in Hawaii, where it planned a high-end resort, were not up for sale at the time.
Quote:
In May, the company announced it had refinanced $146 million out of a total $280 million in debt that had come due, while the remainder of that debt would be extended to August — further highlighting its looming debt obligations.

“Due to the adverse impact of a number of factors including the macroeconomic environment, the regulations on real estate and financial industry and the Covid-19 pandemic, Oceanwide Holdings … is facing a temporary cash flow issue,” the company’s Hong Kong subsidiary disclosed at the time.

Funds for debt repayment would be raised from “expedited sales of real estate projects” and “intended disposal of certain offshore assets,” the disclosure continued.

In the meantime, Oceanwide’s projects in L.A., San Francisco and New York are still on pause and there is no timeline for the Honolulu development.
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  #637  
Old Posted Jun 18, 2021, 6:38 PM
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I hope that this great tower will be built!
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  #638  
Old Posted Jun 18, 2021, 6:56 PM
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Oceanwide Holdings like many Chinese private companies are grappling with debt payments and insolvencies. The negative fact is that at the disposal of President Xi Jinping, Chinese banks, due to large debt exposures, will no longer easily grant loans to exposed companies. Consequently, companies such as the Oceanwide Holdings will either have to sell their assets or pay their debts themselves. I'm afraid you projects like 80 South Street will not be built, or the project will have to be sold to new builders. Extell and JDS Development could get ready ...
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  #639  
Old Posted Jun 18, 2021, 7:09 PM
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Originally Posted by Sky88 View Post
I'm afraid you projects like 80 South Street will not be built, or the project will have to be sold to new builders. Extell and JDS Development could get ready ...
As we've been discussing for the past few years, 80 South Street will be built. The question is who will do the building. Oceanwide has already put this property up for sale, but now even that is up for question.
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  #640  
Old Posted Jun 18, 2021, 7:32 PM
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Originally Posted by NYguy View Post
As we've been discussing for the past few years, 80 South Street will be built. The question is who will do the building. Oceanwide has already put this property up for sale, but now even that is up for question.
Perhaps if it manages to sell Oceanwide Center in San Francisco, then the company will make room for other projects.
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