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Thread: 200 Greenwich Street - Proposed WTC Tower #2 - by Norman Foster

  1. #871

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    I feel like we have at least a year before it gets to street level.

  2. #872

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    Quote Originally Posted by Derek2k3 View Post
    I feel like we have at least a year before it gets to street level.
    or three

  3. #873

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    Quote Originally Posted by Tectonic View Post
    Building a podium you can build upon sounds feasible to me, a opposed to something temporary you'd have to tear down. Sad but the market just isn't there right now.
    Of course you're not building them for the market now. You're building for the markets in the future when the building is complete.

  4. #874
    Disgruntled Optimist lofter1's Avatar
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    The hole for 2 WTC looks clean as a whistle ...

    http://www.flickr.com/photos/morrongiello/3996309890/

    *
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  5. #875
    Forum Veteran Daquan13's Avatar
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    Yeah, looks like it's all ready to go. I think the spot where T3 will be put is also emptied and clean.

  6. #876

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    T2 is my favorite of these. I hope that it's built soon.

  7. #877
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    10/17/09

  8. #878
    Disgruntled Optimist lofter1's Avatar
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    After this weekend: Downtown's newest swimming hole, complete with bedrock bottom.

    Could be the perfect site for the next Polar Bear Swim at 01.01.2010

  9. #879

    Default Its actually a nearly finished art work.....


  10. #880
    Forum Veteran Daquan13's Avatar
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    I was about to say that it looks like water is in there.

    But then, does THIS one also ring a bell? There's probably some water in there as well.
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    Last edited by Daquan13; October 23rd, 2009 at 12:24 PM.

  11. #881

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    What's going on with this building? It and tower 3 are my favorites, but nothing seems to be happening. Then again, I'm not in NYC and don't hear the scuttlebutt.

    Any information would be appreciated.

  12. #882
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    Quote Originally Posted by James Kovata View Post
    What's going on with this building? It and tower 3 are my favorites, but nothing seems to be happening. Then again, I'm not in NYC and don't hear the scuttlebutt.

    Any information would be appreciated.
    Despite collecting billions of dollars in insurance payouts from the loss of the Twin Towers - money that was supposed to be used to build Towers 2, 3 & 4, Silverstein thinks that the Port Authority should finance his private development, and he is willing to sit on the site until we toll-payers pony up and give him the money.

    The public should see an audit of how/where that insurance money was spent.

    Here's Silverstein's side:

    "Developer Larry Silverstein sometimes thinks about leaving the quagmire of the World Trade Center site behind and casting off on his yacht, but he said he’s afraid that without him, the site will never get rebuilt.

    “Without a push from the private sector to move this damn thing forward, it wouldn’t happen,” Silverstein said Wednesday at the RealShare New York real estate conference in Midtown.

    Silverstein’s comments were among the first he has made on the Trade Center since he and the Port Authority entered arbitration this summer. Back then, in a well-publicized dispute, Silverstein charged that the Port was years behind on key infrastructure projects at the site, preventing Silverstein from building his three office towers on Church St. To compensate for the delays and the frozen credit markets, Silverstein wanted the Port to help him finance two of the Church St. towers. The Port offered some assistance, but said Silverstein needed to put in more money as well.

    The argument has largely disappeared from the spotlight as Silverstein and the Port make their cases privately before an arbitration panel. As Silverstein pointed out Wednesday, “There’s not a hell of a lot I can say, for obvious reasons.” But he went on to speak about the World Trade Center for half an hour with moderator John Salustri, editorial director for the ALM-Real Estate Media Group.

    One problem with rebuilding the Trade Center has been the revolving door of New York and New Jersey governors, who share control of the Port Authority, Silverstein said.

    “Every time there’s a change of executive, there’s a change of agenda,” Silverstein said. “And every time there’s a change of agenda, it wreaks havoc with everything you’re trying to accomplish if you’re trying to hold a specific timeframe.”

    Silverstein also criticized the Port Authority, though he started by saying they’re “not bad people.”

    “The unfortunate thing,” Silverstein said, “is the people who built the Trade Center — the last major high-rise project they were involved with — are long since gone. And the people who are there today don’t have the experience, don’t have the ability, don’t have the comprehension of what it takes, the need for timely decisions.

    “You know,” Silverstein continued, “the attitude is, ‘I’ll get back to you for the decision.’ Construction doesn’t wait for people who say, ‘I’ll get back to you.’ You need the decision now.”

    Silverstein said he committed shortly after 9/11 to stay at the World Trade Center for 10 years to rebuild it. Now an optimistic estimate looks more like 17 years, but he said he’s not going anywhere.

    “My attitude is you’ve gotta stay there,” Silverstein said. “On a daily basis, you’ve gotta make the decisions that you are required to make so the construction will flow unimpeded…. I want very much to be around to see it accomplished. So as far as I’m concerned, I’m going to stay right where I am.”

    Silverstein said he was not worried that the Port would find a way to complete the project without him.

    Silverstein expects the arbitration to finish before the end of the year. A source familiar with Silverstein’s position said a few months ago that the developer would ask the arbiters to award him at least $2.75 billion as compensation for Port delays and for all of the rent and insurance he has paid to the authority.

    The panel just finished hearing two weeks of testimony from Silverstein and is now hearing two weeks from the Port, Silverstein said. If the panel rules in favor of Silverstein and forces the Port to give him the resources he needs to build the towers, Silverstein said the entire site with all three of his office towers could be complete by 2016. The Port previously wanted Silverstein to only build Tower 4 and wait to build Towers 2 and 3 until the market improved.

    A Port Authority spokesperson declined to comment on the arbitration but said in a statement, “We are 100 percent committed to restoring Downtown and continue to make important progress on all of the public projects on the site, including the 9/11 Memorial, which is our highest priority.” Previously, the Port has objected to risking billions of dollars on Silverstein’s private office towers, saying the expense would compromise the Port’s ability to complete public infrastructure projects elsewhere.

    Silverstein also gave a brief update on 99 Church St., the fenced-off site next to the Woolworth Building that was supposed to be an 80-story condo and hotel tower run by the Four Seasons. Silverstein stopped construction on the tower this summer after finishing the foundation because he could not get a loan to continue building above street level.

    “We’re going to have to be patient,” Silverstein said. “Four Seasons’ attitude is, ‘Hey, whenever it comes, it comes. We’re there, we’re ready.’”

    Silverstein said he feels the same way and he expects to get a loan in 2011 and finish the building in 2013 or 2014.

    Julie@DowntownExpress.com
    Last edited by RandySavage; November 5th, 2009 at 11:51 PM.

  13. #883
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    Dp

  14. #884

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    I understand your point of view, but the Port Authority is hardly blameless in this mess.

  15. #885
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    ^Probably... but just look at Silverstein flailing for excuses in that article (changing of governors, lost wisdom of people who built the first wtc, etc.). Is the Calatrava Path station the "key infrastructure" project that PA is "years behind on" preventing him from starting building 2 & 3, but not 4 which is at ground level? It's probably easier to build Calatrava simultaneously with 2&3 but is it impossible to begin after the towers have started... probably not.

    Most importantly, how many billions did he get in total from 9/11 insurance and where the hell was it all spent?!

    I get the feeling Silverstein sees an opportunity to get a govt handout (it's all the rage these days) and he's grabbing at an opportunity to maximize his upside while the coffers are still open? Insatiable avarice.

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