It's become even more prosaic.
The currently Underconstruction CIBC Tower (535 feet) to the designs of SOM:
It's become even more prosaic.
the base has a tint of 5th Avenue elegance. The rest is a bore. Then again this is SOM and CIBC. This 'was' a chance to create a skyline focal point. Its time for NY to dump SOM.
Wow, that building is so... *horrible.
Not worst than many built during the eighties.
Maybe the skin will be nice.
Also this architecture (like W-Hotel) is not a good architecture in my personal opinion. the curtain-wall remember me - *in part - Der Scutt's 520 Madison Avenue. However is an architecture not innovative that really add nothing to NYC architecture. I think after LVMH Tower, or the new NYTimesTower, architects should re-consider the way to design buildings.
NEW YORK POST
CIBC DOWNGRADES TO SMALL SLICE OF HQ TOWER
By STEVE CUOZZO
January 27, 2003 -- The longest-running guessing game in Midtown real estate just ended with word that CIBC World Markets will occupy less than one-third of its new headquarters tower.
Brookfield Properties CEO Ric Clark said CIBC will use just 375,000 square feet of the 35-story, 1.2 million-square-foot tower that Brookfield is building for the Canadian bank at 300 Madison Ave., at 42nd Street.
The decision follows months of speculation about what recession-wracked CIBC would do with its gleaming new home near Grand Central. CIBC originally planned to use about 900,000 square feet of the tower, which it has leased in its entirety for 30 years. Reports variously had it dropping to 500,000 feet or even walking away from the building entirely.
The actual pullback allows the tower to retain a glamorous anchor tenant, while adding more than 800,000 square feet to Midtown's growing space surplus.
Clark said CIBC decided to cut back "to 375,000 square feet due in part to its sale of certain units and its desire to disperse operations over several locations to ensure business continuity."
He said CIBC plans to use the lower floors. Brookfield will act as CIBC's leasing agent, but CIBC will still pay the rent on the whole tower.
Although CIBC's retrenchment won't affect Brookfield's bottom line, it will keep its brokers on their toes: They're also marketing oodles of former Lehman Bros. space at Brookfield's World Financial Center downtown.
CIBC World Markets is the investment-banking arm of CIBC, formerly the Canadian Imperial Bank of Commerce.
Two years ago, it leased all of 300 Madison Ave. for 30 years in a transaction valued at about $800 million. As part of the deal, CIBC enjoyed $16 million in city tax breaks and low-cost state energy units.
CIBC officials could not immediately be reached.
I agree that this will not bring the level of architecture in NYC, but the glass makes up for the poor design.
Is that the Lincoln Building, that CIBC blocked from Bryant Park? For shame!
Its true fashion its an SOM Building, it also has a good skin. Definetly not the worst SOM building in town.
Darn, it should have been 775 feet and 55 floors, with 1.7 million sq ft of ofice space. *