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  #561  
Old Posted Oct 29, 2019, 1:31 AM
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Quote:
Originally Posted by chris08876 View Post
I was checking the CTBUH and they are classifying it as "on hold".
No one anywhere: Wow that's really surprising


But really sometimes the CTBUH is a little behind or just wrong though, likely not in this case of course
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  #562  
Old Posted Oct 29, 2019, 2:44 AM
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The last update via the 45 Broad Construction Update;

SUMMARY
Over the past three weeks, we’ve been surveying and reviewing the site.

WEEKS OF 10/14 + 10/21 + 10/28
We will be coordinating foundation work with contractor, subcontractor and design professionals. There will be no active construction work during this period.



Lots of coordination occurring.

This was last updated on 10/14/2019.
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  #563  
Old Posted Oct 29, 2019, 3:01 AM
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  #564  
Old Posted Oct 29, 2019, 5:27 PM
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Great details about the background of this building and why it seems to be progressing so slowly... so much detail to get around but no doubt in the coming year as we start to see tangible progress it will be well worth the wait!
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  #565  
Old Posted Oct 29, 2019, 5:30 PM
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Yeah I think its going to turn out okay. I think we are just all being impatient. Remember how long 111 W 57th took. But I cant blame folks for being impatient (I'm one of them) because 45 Broad is stunning. Either if the design with the external bracing or not rises, its still stunning in every aspect.

But its definitely assuring if it starts within the next 6 months. Some of us get paranoid thinking about the market outlook when it comes to towers like this considering the shenanigans going on with One Manhattan Square and the LES towers.

I'm hoping its just administrative roadblocks or lag-time as opposed to market related risk mitigation.
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  #566  
Old Posted Nov 2, 2019, 1:15 PM
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In my part of Italy, "pizzarot" is a colloquial term meaning a bumbling simpleton.

Just thought I'd throw that out there.
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  #567  
Old Posted Nov 8, 2019, 2:45 PM
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Via 45 Broad Update:

WEEKS OF 11/4 + 11/8 + 11/15
We will be coordinating foundation work with contractor, subcontractor and design professionals. There will be no active construction work during this period.


Same stuff as in October.
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  #568  
Old Posted Nov 8, 2019, 4:21 PM
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I bet 3 years from now it'll say the exact same thing, and the site will look exactly the same
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  #569  
Old Posted Nov 10, 2019, 5:54 PM
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Quote:
Originally Posted by Visionist View Post
In my part of Italy, "pizzarot" is a colloquial term meaning a bumbling simpleton.

Just thought I'd throw that out there.
I think it has more to do with the softening condo market. Banks are more hesitant to lend than in the past few years.
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  #570  
Old Posted Nov 17, 2019, 10:14 PM
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From a YIMBY comment:

Quote:
After what feels like years of pounding in piles, the site looks exactly like it did before. For all we know the pile pounders plundered Pizzarotti, pocketed their pay and pulled off to Panama, Papua or the pampas of Patagonia.
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  #571  
Old Posted Nov 18, 2019, 2:04 AM
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I think Macklowe should buy this site and build his 1,500+ tower here, or maybe 2WTC since I'm convinced neither will see the sight of day at this point.

It's a shame since this building was just gorgeous (2WTC not so much)
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  #572  
Old Posted Nov 18, 2019, 3:25 AM
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^^^^

Hell no lol. Lower Manhattan is the aesthetic pinnacle of what is Manhattans skyline. Midtown is nice, but aesthetically, downtown is the image of the city. Can't have the obese 432 Park clone with an axe to the face built there. Would really stand out. Not enough height and mass to block it out.
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  #573  
Old Posted Nov 18, 2019, 3:31 AM
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Quote:
Originally Posted by chris08876 View Post
^^^^

Hell no lol. Lower Manhattan is the aesthetic pinnacle of what is Manhattans skyline. Midtown is nice, but aesthetically, downtown is the image of the city. Can't have the obese 432 Park clone with an axe to the face built there. Would really stand out. Not enough height and mass to block it out.
I meant with a better design, ideally.

I think downtown needs something in the 12-1500 foot range to complement the WTC.
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  #574  
Old Posted Nov 18, 2019, 1:59 PM
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I guess we'll have to put this thread to sleep since all we seem to get is ridiculous speculation.
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  #575  
Old Posted Jan 23, 2020, 7:32 PM
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Noticed changes in the Schedule A, now we know why...


https://therealdeal.com/2020/01/23/b...rtall-on-hold/


Quote:
A spokesperson for the developer confirmed that the condominium project is being put on hold due to “market conditions.” It’s not clear when the development team — which no longer includes Pizzarotti — will revive the project. When they do, the tower will be 80 feet shorter than the 1,115-foot-tall project initially pitched to meet Federal Aviation Administration requirements, according to Department of Building filings.

“45 Broad Street remains a top priority for the development team, and we have strong long-term confidence in the project’s viability,” a spokesperson for Madison and Gemdale said. “Due to short-term conditions in the Lower Manhattan market, we have decided to delay on constructing the building in the near future.”
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  #576  
Old Posted Jan 23, 2020, 8:17 PM
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Quote:
When they do, the tower will be 80 feet shorter than the 1,115-foot-tall project initially pitched to meet Federal Aviation Administration requirements, according to Department of Building filings.
1035 is still not bad downtown, at least it's not canceled. Some drawings showed 1200 feet though, not sure which one is accurate.

Quote:
It’s not clear when the development team — which no longer includes Pizzarotti
Good
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  #577  
Old Posted Jan 23, 2020, 8:39 PM
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Quote:
Originally Posted by Zapatan View Post
1035 is still not bad downtown, at least it's not canceled. Some drawings showed 1200 feet though, not sure which one is accurate.
The 1,115 ft figure was always the main roof. The total roof height was 1,127 ft and the higher number was for the crown. So basically, if it's the same design minus 80 ft, total height will be around that 1,115 ft figure.
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  #578  
Old Posted Jan 23, 2020, 9:52 PM
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Well at least we know its not being shelved, which is great. When the time comes, the right market conditions, hopefully it will sprout. I think on a tower of this caliber, its worth the wait. But until than, so many things rising to keep us busy.

Site prep is pretty much done, any potential demo complete, so now we wait.

Last edited by chris08876; Jan 23, 2020 at 10:07 PM.
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  #579  
Old Posted Jan 23, 2020, 10:26 PM
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Dammit
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  #580  
Old Posted Jan 24, 2020, 2:22 PM
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This and 80 South Street. Bummer.

I'm kind of tired of Midtown getting all the action too! Really an unfortunate event that is a byproduct of the success of the city. The last 4-5 years have been a tremendous period in which the ultra luxury sector boomed.
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