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Thread: SYMS - Trinity Place, Financial District

  1. #1
    Kings County Loyal BrooklynLove's Avatar
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    Default SYMS - Trinity Place, Financial District

    It's about time this intriguing real estate story got its own thread.

    The enclosed links pretty much tell the whole story to date:

    http://www.nypost.com/seven/04292008...ver_108628.htm

    http://www.nypost.com/seven/05202008...yms_111662.htm

    http://www.observer.com/2008/real-es...own?page=0%2C0

  2. #2
    Build the Tower Verre antinimby's Avatar
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    The laziest start of a thread on this board ever!

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    Kings County Loyal BrooklynLove's Avatar
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    i plead no contest

  4. #4

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    I don't know about the legal maneuvers behind this deal, but if they do build on the site I won't miss the building currently there. (Although the way it appears they are secretly going about its development makes me think we will wind up with something terribly generic and non-descript)

  5. #5

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    Some very good things have resulted from the recession.

    For example, we dodged one serious bullet vis-a-vis the absolute POS (I am sorry but this warrants that term) that Garret Gourlay proposed for the Syms site.



    http://www.go-arch.com/downtown.html

  6. #6

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    interesting that he lists the E 51st street tower under unbuilt. I wonder if they'll ever resume construction there.

  7. #7

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    I would assume that they will. It seems to be at least half-way constructed as I recall. It seems that when financing resumes, they'll simply finish it and convert it to a rental project.

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    Build the Tower Verre antinimby's Avatar
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    Other than the balconies, I don't think it looks any worse than a lot of the other projects around the city and certainly better than the SYMS building that's there now.

    For example, that base looks a whole lot better and inviting than the InterContinental's on Eighth.

  9. #9

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    Quote Originally Posted by antinimby View Post


    .... I don't think it looks any worse than a lot of the other projects around the city.... For example, that base looks a whole lot better and inviting than the InterContinental's on Eighth.
    I agree. However, given the stinginess of many NY "developers" it's often better not to build anything at all.

    This POT looks as cheap as the suits that they sell at Syms, where an uneducated consumer is their best customer.

  10. #10
    Build the Tower Verre antinimby's Avatar
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    Will these NY developers quit with all these stupid balconies already. It's not like people care about them.

    Some of the most expensive condos don't have balconies (15 CPW, TWC, TWT, etc.) while all the cheap-ass ones all do.

    You'd think they would have figured that out by now.

    It's acceptable if you have balconies on say, Second Ave but not in the Financial District or on Broadway or Fifth Ave.

    Idiots.

  11. #11
    Disgruntled Optimist lofter1's Avatar
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    But by sticking balconies on the buildings / units the developer can charge for the additional square footage / unit. And, since balconies are not included in FAR calculations, they thereby reap more $ for the same building of comparable style / level than those without balconies.

    That is, no doubt, the theory from the developer POV.

    Plus when considering the psychology of selling: Folks think they're getting all that additional space. If you're looking at a standard box in the sky the balcony would at least give the impression of openness from inside.

    Don't get me wrong: I think new buildings in NYC with balconies look lousy in almost all cases.

  12. #12

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    Half the time balconies are just used for storage.

  13. #13
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    Definitely looks better than what is there right now.

  14. #14

    Default Where is the most endangered Federal-era building in Lower Manhattan?

    Quote Originally Posted by londonlawyer View Post
    Some very good things have resulted from the recession.

    For example, we dodged one serious bullet vis-a-vis the absolute POS (I am sorry but this warrants that term) that Garret Gourlay proposed for the Syms site.



    http://www.go-arch.com/downtown.html
    In this ^ proposal, they have too conveniently removed 67 Greenwich Street (1810) which was landmarked in 2005.






  15. #15

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    What's up with the garage in the back? It's awful, though I do know it is attached to a nice Art Deco gem. What's the dating on it?

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