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Thread: 220 Central Park South - RA Stern - 920 ft

  1. #211
    NYC Aficionado from Oz Merry's Avatar
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    Stern's usual class. Very nice.

    If the building is facing north, where is the sunlight in the 2nd and 3rd photos in #198 coming from? From the west-facing windows in the 3rd photo I could understand. Or have I got my bearings wrong?

  2. #212

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    Thank Christmas for Bob Stern, The Last Classy Architect.

  3. #213
    Build the Tower Verre antinimby's Avatar
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    NB permit filed shows a height increase.

  4. #214
    Fearless Photog RoldanTTLB's Avatar
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    At 950 DOB height, this could easily crack 1000 official.

  5. #215
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    Quote Originally Posted by RoldanTTLB View Post
    At 950 DOB height, this could easily crack 1000 official.
    Yes, there's a good chance. One57 was about 950' with the DOB height and ended up over 1000 feet.

  6. #216

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    Despite my hatred of Vornado, I have to say this is nice.



    Vornado Closes $600M Loan at 220 Central Park South
    By Rayna Katz | New York

    http://www.globest.com/news/12_787/n...th-342361.html

    NEW YORK CITY-Vornado Realty Trust has completed a $600 million loan secured by its 220 Central Park South development site. The loan bears interest at Libor plus 2.75% and matures in January 2016, with three one-year extension options. The firm declined to comment on the loan to GlobeSt.com


    This view will be quite something with 220 CPS, 111 W 57, and Extell's tower; and I bet the final design of Extell's tower will be a bit different from what we've seen.




  7. #217

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    220 looks magnificent.


    Derek, do you have any inside information about a modified design for the Nordstrom tower or are you speculating? I truly hope that Extell comes up with a better design. What was shown thus far is horrible.
    Last edited by londonlawyer; February 4th, 2014 at 07:32 AM.

  8. #218
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    so Vornado is having to raise debt - red flag?

  9. #219
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    I would think every developer has debt. Rates are low and leverage is a good way to make a lot more than you can with only your own money.

  10. #220

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    Quote Originally Posted by GordonGecko View Post
    so Vornado is having to raise debt - red flag?
    I have never heard of a developer who didn't raise debt to build a building. Why would someone just spend their personal fortune?

    And Vornado is a public company. They likely couldn't 100% self-finance, even if they wanted to.

    The debt amount, BTW, is quite small for a project of this scope, and the terms are extremely generous.

  11. #221
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    Quote Originally Posted by Ed007Toronto View Post
    I would think every developer has debt. Rates are low and leverage is a good way to make a lot more than you can with only your own money.
    of course, but I would have thought at this stage that they had all the financing lined up

  12. #222
    Senior Member DKNY617's Avatar
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    My friend and SSP forum member Danielson27 made these models and I just took the screenshots of them, sorry for them not being clad!!! One57, 432 Park, Torre Verre, 111 W57, 225 W57, 220 CPS are all there.

    From Central Park:


    From the West:


    From the Empire State Building:


    From Rockefeller Center:


    From Rockefeller Center:

  13. #223

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    Impressive, but not a very coherent skyline. A tower taller than the rest close to Fifth Ave. could pull the composition together. The lot Extell is trying to assemble across from 9 West 57th would be the perfect spot.

  14. #224

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    217 W 57th St is such crap!

  15. #225
    Disgruntled Optimist lofter1's Avatar
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    If this number of super tall towers can rise along here within such a concentrated time span, imagine what this skyline will be in 25 years ...

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