Quote:
Originally Posted by CIA
The tower has been scaled back. We don't know the office component. Originally 100k feet of office space.
I'm not as excited about this one anymore.
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Scaled back MAYBE a little, but still 1,512 units approximate to 756 per tower... I'm not as worried about the office component as it still looks to have a strong retail component. We're talking two towers at virtually 750 ft, probably a bit taller. What we are legitimately worried about is that the Kushners are screwing with us again, and while they own the property will they ever have enough on hand to justify building them? Especially when we know of the burgeoning troubles on the KABR side of the Kushner empire including their toxic relationship with President Trump, that they will have to get outside investors to help them if they can't do it predominantly by themselves, they won't be getting any significant public subsidy or tax abatement... the appearance of the Kushner family trying to capitalize on appeals to investment with potential Chinese benefactors for favorable green card/citizenship treatment did a big part in actually scaring off those investors because of the negative publicity.
The important thing is if this project's latest revision is going to be approved by the Planning Board, it has to be conditional and depend on actually following through or seriously, Mayor Fulop got the Kushners in and he's going to have to push them out if it reaches that point. Put up or shut up time, NOW.