http://www.nj.com/hudson/index.ssf/2...rt_river_index
Plans for N.J.'s new tallest tower get federal OK
Also, reading on another site about misinformation that China Overseas America was land banking this site and cut the height of the tower due to lack of investor demand in China. That's complete uninformed bull----. Reality is the tower was still in a design phase when first announced.
The original plan called for 950ft height, 95 storys, and nearly
1 million sqft of residential space.
Zoning was changed to allow for a maximum height of 990ft, no limit on the number of storys, and nearly
1 million sqft of residential space.
Once the design was finalized, it will be 900ft, 76 storys, and nearly
1 million sqft of residential space.
The design of the building has changed but there has been no cut in the amount of development space. We focus big on height and number of storys on the various skyscraper forums, but the actual amount of development, 1 million sqft of residential space, has not changed and China Overseas America is utilizing the full development potential of the site. That remains true when the tower was first unveiled to the public January 20, 2015. There has been no cut in the square footage of this development, and certainly no cut because of a lack of demand.
In a developer's world, there is a pro forma floating around somewhere that allocates the one million sqft of residential space to 743 units and the amount they believe they will be able to sell for each unit/square foot of development. This document existed before the tower was even designed and will continue to change until the last units are sold. The one thing that has remained consistent since the property has been bought is the plan to develop nearly one million sqft of development.