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Thread: The Bank of America Tower a.k.a. One Bryant Park - by Cook + Fox Architects

  1. #181

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    Wait! It's not a blight.

  2. #182
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    There is a meeting today at 110 Wiliam street to decide if this project should get $450 milion in Liberty Bonds and if Bank of America should get the tax brekas they are looking for. If this both happens, this project will be getting under the way soon

  3. #183

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    Well, lets hope at least some of it happens. NYC can't keep being tough on corporations. If they get a competitive offer, like Jersey, they'll easily go there.

  4. #184

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    September 30, 2003

    Bonds for a Midtown Skyscraper Bring Out Supporters and Critics

    By CHARLES V. BAGLI

    The announcements for public hearings by the city's Industrial Development Agency are usually buried in the back of a newspaper and rarely draw more than a handful of people to consider what amounts to hundreds of millions of dollars in subsidies for private projects.

    But there was a full house on hand yesterday, about 75 people, for a debate over the merits of a $915 million, 57-story skyscraper for Bank of America at 42nd Street and the Avenue of the Americas. Critics and supporters focused on the city's plan to provide $650 million in tax-free financing known as Liberty Bonds for the bank, which would be the principal tenant, and its development partner, the Durst Organization.

    "We've been trying to bring more sunshine to the process," said Bettina Damiani, director of Good Jobs New York and a critic of the development agency. "In that respect, this has been a huge success. It can only lead to economic development with clearer public benefits."

    Still, the directors of the Industrial Development Agency are expected to tentatively approve the special financing for the project today without getting more than a cursory report on the hearing. A number of speakers also complained yesterday that city documents detailing the Bank of America project were full of conflicting and confusing numbers.

    Andrew M. Alper, chairman of the agency, acknowledged that the matter was somewhat rushed because Bank of America needed to complete the project before its current lease at 9 West 57th Street expired in 2008. But, he added, the project will have to come back to the agency for another public hearing and approval.

    Mr. Alper said the bank's decision to build a new headquarters on 42nd Street was "a strong vote of confidence in New York and will do a lot to rebuild the city's economy."

    The bank plans to occupy about half the proposed 2 million-square-foot skyscraper.

    But members of the Libertarian Party, a community housing group and an adjacent property owner facing condemnation criticized the city for agreeing to a huge subsidy for a wealthy bank and developer in the most desirable office district in the world. The Liberty Bonds, they said, were intended to rebuild Lower Manhattan after the attack on the World Trade Center.

    John C. Whitehead, chairman of the Lower Manhattan Development Corporation, issued a statement at the hearing opposing the use of Liberty Bonds for Midtown projects, because the use of the bonds downtown is "fully feasible."

    Mr. Alper said the city did not see the demand downtown for all $8 billion in Liberty Bonds. The bank project, however, is not feasible without the bonds, he said.

    Margaret Hughes of the Good Old Lower East Side housing organization said the money would be better spent on "creating economic development opportunities in the outer boroughs."

    Ms. Damiani questioned whether the city had included adequate penalties in the event Bank of America failed to live up to its promises to keep 2,800 jobs in Manhattan and add hundreds more in the future. She said the bank had obtained $18 million in tax breaks in 1993 to bring 1,700 employees to the World Trade Center. But by 1998, the bank had cut its staff at the trade center to 830.

    Members of the New York City Arts Coalition and the Environmental Justice Coalition praised the building for its environmental design but said the city should insist on a development fee for the arts and affordable housing.

    The Real Estate Board of New York, the construction industry executives and the construction unions all spoke in favor of the project.


    Copyright 2003 The New York Times Company

  5. #185

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    Members of the New York City Arts Coalition and the Environmental Justice Coalition praised the building for its environmental design
    At least they have seen a design.

  6. #186
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    The Durst (Development) / Tishman (Construction Manager) combo is the pre-eminent builder of greebn architecture in NYC. The Westin NYC, Reuters, and Conde Nast are the "greenest" commercial buildings in NY. On the side, Jody Durst owns major organic farm operations and Dan Tishman owns Llama farms.

  7. #187
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    Liberty of Bonds OK'd for midtown tower

    New York City’s Industrial Development Agency today gave preliminary approval for $650 million in tax-exempt Liberty Bonds to be used for Bank of America’s proposed headquarters building in midtown.

    Bank of America plans to develop a 2 million-square-foot, $915 million skyscraper at 42nd Street and Sixth Ave., and occupy half the floors.

    The use of Liberty Bonds—authorized by Congress to help revitalize lower Manhattan—to subsidize the midtown project has met with criticism from rebuilding agency Lower Manhattan Development Corp. and good-government groups like Good Jobs New York. John Whitehead, chairman of the LMDC, acknowledged Monday in a public hearing that $2 billion of the bonds had been earmarked for potential use outside of lower Manhattan if all of the money could not be used downtown. But he argued that it is “fully feasible” that the entire $8 billion worth of bonds may be needed in lower Manhattan.


    Copyright 2003, Crain Communications, Inc.


    As for last post that is true except Westin was not developed by Durst but was built by Tishman.

  8. #188

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    Awesome. I wish Bofa would build 67 storeys instead, but in a sluggish market Im not complaining.

  9. #189

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    Quote Originally Posted by Stern
    Awesome. I wish Bofa would build 67 storeys instead, but in a sluggish market Im not complaining.
    I wish it was a 97-story building.
    But that would be impossible because such a tall building would disrupt the emission by the antenna of Condé Nast.
    Then I guess I'm not complaining either.

  10. #190

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    You've got to assume that a design will have to be shown pretty soon. They've given the number of stories, but the height is a whole other question. Given a banks needs on such a huge site, you've got to assume the slab to slab is going to be pretty significant for a good part of the building.

    Also on the Green side, Cook + Fox are pretty big proponents of green design as well... at least Fox was at Fox and Fowle and it seems that Cook is from their website. Fox was involved/wrote the green guidelines at Battery Park City (which are pretty impressivE). The Dursts are serious about it. I've heard Douglas Durst gets around in a hybrid car as well.

    Any bets on a height?

  11. #191

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    900-1000 feet

  12. #192

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    any new renderings yet?

  13. #193
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    If there were, you'd see 'em here.

  14. #194
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    900-1000?

    Is that really optimistic, or could that end up being a reality?

  15. #195
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    Maybe not.

    Like Fabb said, they'd have to consider the antenna atop Condé Nast.

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