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Thread: 130 Liberty St - Post 9/11 Demo - Deutsche Bank Building - by Shreve, Lamb and Harmon

  1. #46
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    Default Toxic mold cleared from Deutsche Bank building

    That would mess with Dan's swooping vision.

  2. #47
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    Default Toxic mold cleared from Deutsche Bank building

    I'd recommend a tall residential building, maybe like Downtown's answer to TWT. *It definitely would have to implement the zoning clause that requires 20% of a development to be marketed to middle-income residents.

  3. #48

    Default Toxic mold cleared from Deutsche Bank building

    Probably the most likely outcome is more space here, less height at the WTC....

  4. #49

    Default Toxic mold cleared from Deutsche Bank building

    has anyone else noticed that in the last week they have taken the tarp off of the section facing the WTC? The insides of the building are totally exposed since a large part of the outer wall is missing. Is the missing wall segments from the towers falling on it or were those beams taken off piece by piece recently?

  5. #50

    Default Toxic mold cleared from Deutsche Bank building

    "Probably the most likely outcome is more space here, less height at the WTC.... "

    If this is true, then what's gonna happen to the 1.2 million sq ft of space that the Deutsche Bank once had?

  6. #51
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    Default Toxic mold cleared from Deutsche Bank building

    They haven't yet decided what to do with the site, save for the fact that the building will be razed. *Let's cross that bridge when we get to it.

  7. #52

    Default Toxic mold cleared from Deutsche Bank building

    Quote: from TLOZ Link5 on 2:07 pm on June 21, 2003
    I'd recommend a tall residential building, maybe like Downtown's answer to TWT. *It definitely would have to implement the zoning clause that requires 20% of a development to be marketed to middle-income residents.
    I still get the feeling that the developer of the proposed 1 NY Place will get his tower somewhere in the area. *Downtown is in the midst of a boom in residential towers.

  8. #53

    Default Toxic mold cleared from Deutsche Bank building

    Agglomeration, I was thinking the same thing as you. I was wondering when the Deutsche Bank is razed then will it's space be replaced? From what I hear it won't. They'll just use the space for a fifth tower, to get the 10 million sq ft of office space Silverstein wants with the thin and short towers he wants. I sure hope Deutsche Bank decides to sell to someone besides Silverstein. Everyone keeps saying all the 10 million sq ft will be replaced but they forget that WTC7 will have a lot less space, 200,000 sq ft less, I think. And to top that off Deutsche Bank may not be replaced. That'd be a huge loss, nearly 2 million sq ft, I think.

  9. #54

    Default Toxic mold cleared from Deutsche Bank building

    The downtown office vacancy rate is still quite high, but there have been encouraging signs.

    from the Wall St Journal:
    http://homes.wsj.com/regionalnews/no...morrissey.html

  10. #55
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    Default Toxic mold cleared from Deutsche Bank building

    It'll come around, especially with all the residential and parks plans. *When transit is improved, you will see a bigtime turnaround, I think. *This seems to be the one major thing holding people back. Add the WTC and it's memeorial/cultural center and the possible East River development. *Downtown will rebound nicely. *Still one of the most desirable commercial areas in America, if not the world.

  11. #56
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    Default Toxic mold cleared from Deutsche Bank building

    Keep in mind the airport rail link, as well.

  12. #57
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    Default Toxic mold cleared from Deutsche Bank building

    Ah yes, the cherry on the sundae.

  13. #58

    Default Toxic mold cleared from Deutsche Bank building

    August 9, 2003

    Insurers Block Plans to Raze Deutsche Bank

    By MICHAEL SLACKMAN

    Plans to tear down the Deutsche Bank building at the foot of the World Trade Center site are being blocked by two insurance companies arguing that the 40-story skyscraper can be repaired and reoccupied, a position that threatens to complicate the redevelopment of ground zero.

    Those involved in the design and development of the site have for weeks operated under the assumption that the bank building, at 130 Liberty Street, would be torn down and the land it stands on incorporated into the ambitious construction project. But now, the fate of the building is uncertain, and its owner, Deutsche Bank, is promising to go to court on Monday if the insurers do not agree by tomorrow to declare it a total loss and let it be torn down.

    The bank has taken tens of thousands of samples from the building and told insurers that it is too contaminated to reoccupy.

    "At this point we are moving forward with a plan that incorporates 130 Liberty into the redevelopment plan," said a senior official involved in the rebuilding effort. "That does not in any way anticipate that the building will still be there. It anticipates the building will be taken down."

    For the moment, at least one of the insurers, Allianz, is holding firm, insisting that the total loss to Deutsche Bank should be about $500 million, less than half of the $1.05 billion the owner has claimed. Allianz is responsible for 30 percent of any claim and the second insurer, AXA, of Paris, would have to cover 20 percent. Two other insurers who have agreed to settle with the bank would pay the other 50 percent.

    "The conclusion is, like the surrounding buildings, this can be cleaned and repaired," said Sabia Schwarzer, an Allianz spokeswoman based in Silver Spring, Md., who confirmed that her company received Deutsche Bank's ultimatum in a letter at its headquarters in Germany earlier this week. An AXA spokesman in Paris said the company would not comment on matters involving its clients.

    Unless Allianz's position is a negotiating tactic, it could complicate the construction of a memorial and business complex on and around the World Trade Center site. At the very least, a lawsuit could delay dealing with a building that some community and public officials have said is a symbol of decay and inaction in Lower Manhattan.

    The fate of the Deutsche Bank building has also been framed as a question of aesthetics. By removing the 1970's-era steel-and-glass skyscraper that soars 560 feet into the air, developers and designers would be able to better integrate the new project into the community, said Fredric Bell, executive director of the New York chapter of the American Institute of Architects.

    "What happens around the perimeter of the 16-acre site is as significant as what happens on the site itself," Mr. Bell said. "In creating a neighborhood, there needs to be a degree of continuity. That building is a symbol of the past and not the future."

    On Sept. 11, 2001, the building, which stood just 600 feet from 2 World Trade Center, was blasted with debris. More than 1,700 windows were shattered, and a piece of the collapsing trade center tower smashed into the building's north face, tearing a gash, breaking through concrete and twisting beams across 15 floors.

    But Deutsche Bank has said that the main reason the building could not be reoccupied was because of contamination from dust spiked with asbestos and other contaminants. It wrote in its claim that the building was subject to tornado-force winds, earthquake-like shaking and pressure waves that forced dust into "every crack and crevice" in the building.

    "The building was the most affected of major office buildings outside of the W.T.C. site itself," Deutsche Bank wrote.

    How to redevelop Lower Manhattan has been a sensitive issue from the very start, complicated by efforts to balance business interests with emotional and aesthetic concerns. Recently, after months of arguing, officials overseeing the project resolved major areas of dispute, paving the way for Daniel Libeskind's winning design to be built in substantially recognizable form.

    But several of those resolutions were predicated on the availability of the land beneath the Deutsche Bank building. Though Deutsche Bank has not said what it would do with its parcel if the building is torn down, it has indicated that it would be willing to sell it, which could provide a contiguous piece of land suitable for office space. Engineers for the Port Authority of New York and New Jersey have also been looking at moving a security screening area used by trucks making deliveries to a site beneath what is now the Deutsche Bank building.

    But the building would have to come down first.

    "It is a safety valve, in that it does relieve the pressure of having too dense a development on the site," Mr. Bell said. "It is a way of releasing that pressure, and it could work in the context of redeveloping Lower Manhattan."

    If the issue with the insurers is not resolved, public officials could still move to condemn the property, pay Deutsche Bank what was determined to be the parcel's market value, and file its own lawsuit against the insurers seeking to compel them to pay, said the senior official involved in the rebuilding.

    Deutsche Bank has four insurers for the building, with a total possible benefit of $1.7 billion. Two insurers have already agreed to Deutsche Bank's $1.05 billion estimate of loss the Chubb Corporation, which would be responsible for covering 30 percent, and Zurich Financial, which would cover 20 percent.

    Allianz and AXA said that they estimated the total loss as about $500 million, according to people affiliated with the insurers, and they have asked Deutsche Bank to turn over proof of its loss by Monday. Deutsche Bank declined to elaborate, saying that negotiations were ongoing.

    However this is resolved, the building will either have to be taken down or repaired. Either could prove difficult and costly, said Howard P. Zweig, a structural engineer who was part of the building's original design team. Mr. Zweig, who is managing partner with The Office of James Ruderman engineering firm, said he had not been involved in the inspection of the building after Sept. 11, but from a structural perspective, it appeared that the building could probably be repaired. That was the same conclusion reached by the Federal Emergency Management Agency in a study published in May 2002.

    However, Mr. Zweig and others said potential contamination could prove a problem, not only for reoccupation but also for taking the building down.

    Neighbors of the building, who fled after the disaster and have in many cases only recently returned home, are of mixed minds about taking it down. Some want to see it leveled, while others are concerned about the noise and danger associated with the demolition.

    "There are concerns over the environmental impact," said Paul Goldstein, district manager of Community Board 1, which represents Lower Manhattan. "But there is a lot of interest in taking it down. It's just another sign of Sept. 11."


    Copyright 2003 The New York Times Company

  14. #59

    Default Toxic mold cleared from Deutsche Bank building

    Hopefully it will be restored so Silverstein will have no choice but to build on-site. If demolished Silverstein can move upto 2 million square feet here, and lower heights all-around.

  15. #60
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    Default Toxic mold cleared from Deutsche Bank building

    Try to get tenants who want to work in a building that had a "toxic mold". *Insurers never cease to amaze me.

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