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  #2001  
Old Posted Mar 26, 2023, 11:09 PM
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Are those new renderings? It's kinda interesting but I don't love it.

I'm glad this may not be getting built, at least not in the near future.
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  #2002  
Old Posted Mar 27, 2023, 12:28 PM
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This just gets worse and worse with each new render. I really wish they would just start over with a new design.
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  #2003  
Old Posted Mar 27, 2023, 2:29 PM
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Next!
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  #2004  
Old Posted Mar 27, 2023, 2:54 PM
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Originally Posted by Zapatan View Post
Are those new renderings? It's kinda interesting but I don't love it.

I'm glad this may not be getting built, at least not in the near future.

Those are the latest renderings Vornado added to its marketing materials. We don’t know when this tower will start (the hotel is still being demolished), but it could be next year for all we know.
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  #2005  
Old Posted Apr 7, 2023, 2:59 PM
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Credit: JC_Heights
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  #2006  
Old Posted Apr 10, 2023, 5:57 AM
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. . Latest rendering looks like an
unimaginative Lego model entitled . .
“Preliminary Proposal for Tall Building at
the exit 14 site, of the Alabama Turnpike”
. . By Billy-boy Crabtree - 5th Grade
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  #2007  
Old Posted Apr 10, 2023, 2:22 PM
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Originally Posted by artspook View Post
. . Latest rendering looks like an
unimaginative Lego model entitled . .
“Preliminary Proposal for Tall Building at
the exit 14 site, of the Alabama Turnpike”
. . By Billy-boy Crabtree - 5th Grade
I don't know why you're bringing The South into it, New Jersey Turnpike would have worked just fine.
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  #2008  
Old Posted Apr 10, 2023, 2:24 PM
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Quote:
Originally Posted by artspook View Post
. . Latest rendering looks like an
unimaginative Lego model entitled . .
“Preliminary Proposal for Tall Building at
the exit 14 site, of the Alabama Turnpike”
. . By Billy-boy Crabtree - 5th Grade
Why do you type like this? Do you just have a poetry generator that you put whatever you wanna say in?
Could you just type normally?
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  #2009  
Old Posted Apr 10, 2023, 2:30 PM
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His posts have always looked like that. It's their aesthetic. I agree the building looks like what me and my friends would have cooked up with legos in the 4th grade but I dont really understand the turn to the whole Alabama redneck thing.
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  #2010  
Old Posted Apr 10, 2023, 3:25 PM
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  #2011  
Old Posted Apr 14, 2023, 11:32 PM
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UpwithOlives & Busy Bee . . Thanks . .
you guys are right . . “Alabama” was a poor word choice
. . didn’t want to use “Jersey”, ‘cause I didn’t want to
insult the many SSP Jerseyites on this thread . . Didn’t
want to insult anyone . . just wanna inspire, and dis-
courage“podunk” thinking in & around NYC . . so that we
better appreciate our Skyline-City’s awesome preeminent
world-class heritage, & enhance aspirational expectations
for premium quality in some glorious timeless future
peaks . .

. . So I should have said “. . exit 14 site, of the Podunk
TurnPike” . . BTW, Mobile has a very cool new tower to
augment their Civic pride, in the Great state of AL . .
Every American state has exceptional stuff to boast of

. . I, myself, get wonderful emotional vibes from this
extravagant city’s spirited architecture . . & sharp pangs
from glaring missed opportunities . . I love it colorful,
punky & funky at street-level . . elegantly sublime up
in the highest fantasy crowns . . and I can get kinda
strident once in awhile . .

apologies to MAC123 . . Don’t think I can type “normally”
. . I have no idea how my words arrange themselves on
your computer screen . . I only hope, that if you’re not
getting my bonkers benign intent . . Maybe you can
easily experience your own creative pleasure on this wild
SSP site . .
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  #2012  
Old Posted Apr 15, 2023, 3:06 AM
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so wait is this thing actually approved for construction?
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  #2013  
Old Posted Apr 15, 2023, 5:07 AM
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the penn deconstruction view from above is wild.

always love to see the rare from above view in demo’s.
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  #2014  
Old Posted Apr 15, 2023, 5:19 AM
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Originally Posted by MAC123 View Post
Why do you type like this? Do you just have a poetry generator that you put whatever you wanna say in?
Could you just type normally?
i believe the artspook is also a former clevelander so i have to defend him, its just how we are lol. yes spooky said a mean thing this time, but generally is benign — and as he, she, they??? comes and goes i would say a bit of occasional quirk style around this otherwise rather dry and didactic place is a good thing.
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  #2015  
Old Posted Apr 15, 2023, 3:24 PM
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Originally Posted by Charmy2 View Post
so wait is this thing actually approved for construction?
It was approved about a decade ago. It's Vornado who will decide when it gets built. And they've flip flopped on it ever since it was approved. But now that the hotel is no longer active as a placeholder, we'll see what they decide. For now, they are focusing on starting a residential tower on Site 4 first. Of course, this could all change by next month.




Quote:
Originally Posted by mrnyc View Post
the penn deconstruction view from above is wild.

always love to see the rare from above view in demo’s.

Yeah, from the street, you only know that the building is shrinking. But from above you can see what's really happening.
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  #2016  
Old Posted Apr 17, 2023, 6:49 PM
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https://therealdeal.com/new-york/202...plainin-to-do/

Vornado’s Roth has some ’splainin’ to do
Exec still trying to stop fallout from comments about Penn redevelopment






April 17, 2023
By Erik EngquistKathryn Brenzel


Quote:
In trying to set the record straight, Steve Roth might have sent some investors’ heads spinning.

The Vornado Realty Trust CEO used the company’s recently issued annual report to take another stab at downplaying four-month old comments that many observers interpreted as an about-face on the developer’s Penn District overhaul.

“I inadvertently created a whirlwind when I made what I thought was an obvious comment on our third quarter 2022 conference call that, ‘the headwinds in the current environment are not at all conducive to ground-up development,’ which was interpreted as our abandoning the grand plan,” he wrote in a letter to shareholders. “Nothing could be further from the truth. A pause necessitated by economic conditions is not abandoning.”

But as he tried to calm everyone down, in the same note, published in Vornado’s April 7 annual report, he resorted to a dire warning to justify the decision, writing, “We are now approaching the eye of the economic storm, and I expect it will get even worse.”
Quote:
“Defaults and ‘give back the keys’ have already started, led by some of the industry’s largest companies,” he wrote. “There is no new debt available for office, so no buying, no selling, no new builds. When a loan comes due, the only refinance available (and that with a fight) is from the existing lender.”

Vornado’s investments are 86 percent New York and 77 percent office assets, facts it does not bury in the back of its 23-page report. In fact, it’s the second sentence. Those are major reasons its stock has performed so badly, even while revenue poured in from the most profitable condominium ever.

….. Roth continues to insist that Vornado will ultimately complete its grand plans around Penn Station, which — even before his November remarks — the Hochul administration had estimated would not be finished until 2044, when Roth would be more than 100 years old.

“My excitement and conviction about our Penn District grows quarter by quarter,” he wrote. “I still believe that a winning strategy is to allow investors to choose between the high-growth, development-oriented Penn District or our other, pretty terrific in their own right, Class A traditional core assets, or both.”

“Nonetheless,” he continued, “we have decided to pause.”

Not that he has any choice — given the lending environment, doubts about the future of office, and New York politicians’ loss of faith in the Penn plan — but Roth wrote that he’s in no hurry.

“I believe it wise to delay until Covid and the current economic storm are resolved, workers return en masse to the office, construction is further along, etc.” he wrote. “No rush, let’s get it right.”
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  #2017  
Old Posted Apr 18, 2023, 4:05 PM
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Quote:
“Nonetheless,” he continued, “we have decided to pause.”
Pause for the current recession and possible MSG/Penn Station redevelopment?!?
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  #2018  
Old Posted Apr 18, 2023, 4:07 PM
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Originally Posted by HyperPower View Post
Pause for the current recession and possible MSG/Penn Station redevelopment?!?
No more hideous tower ruining the Midtown skyline and blocking the ESB.
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  #2019  
Old Posted Apr 18, 2023, 4:37 PM
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Pause for the current recession and possible MSG/Penn Station redevelopment?!?
We're not in a recession.
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  #2020  
Old Posted Apr 18, 2023, 5:17 PM
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Originally Posted by HyperPower View Post
No more hideous tower ruining the Midtown skyline and blocking the ESB.
You can think whatever you want about the design, but a tower of that size or bigger is going to rise there and in other adjacent lots in the future. The ESB will be blocked eventually and that's just something you're going to have to get over.
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