HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals


Reply

 
Thread Tools Display Modes
     
     
  #161  
Old Posted May 7, 2020, 2:59 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 43,205
__________________
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #162  
Old Posted May 7, 2020, 3:10 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 43,205
https://www.fool.com/earnings/call-t...-call-tra.aspx

May 5, 2020

Vornado Realty Trust Q1 2020 Earnings Call
Steven Roth -- Chairman of the Board and Chief Executive Officer


Quote:
...we are scheduled to receive $750 million from 220 Central Park South closings from May through the balance of this year. So you might say our liquidity is really over $4 billion. Interestingly, since the heat of the crisis in mid-March and through April, we closed as scheduled five units for net proceeds of $210 million.

We remain committed to our redevelopment and capital plans for the Penn District, Farley, PENN1 and PENN2. These projects are the center point of our Penn District vision, the new epicenter of New York, where we will be delivering for tenants cutting-edge, next-generation amenities and services unmatched anywhere. Each project is progressing, albeit at a somewhat slower pace due to government-mandated construction restrictions.

As we have said before, these three large Penn District projects are debt-free and are being funded off our balance sheet and from the aforementioned proceeds from 220 Central Park South closings.
__________________
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; May 7, 2020 at 3:25 AM.
Reply With Quote
     
     
  #163  
Old Posted May 7, 2020, 7:19 PM
Submariner's Avatar
Submariner Submariner is offline
Registered User
 
Join Date: Mar 2013
Posts: 1,291
NY Guy, will the exterior of MSG be having any work performed on it?
Reply With Quote
     
     
  #164  
Old Posted May 7, 2020, 10:23 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 43,205
Quote:
Originally Posted by Submariner View Post
NY Guy, will the exterior of MSG be having any work performed on it?
Doubtful. The Garden was renovated a few years ago. It would be nice if they did something, including moving it, but I doubt it.
__________________
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #165  
Old Posted Jun 8, 2020, 3:55 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 43,205
__________________
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #166  
Old Posted Jun 11, 2020, 4:00 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 43,205
__________________
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #167  
Old Posted Jun 11, 2020, 3:54 PM
Zerton's Avatar
Zerton Zerton is offline
Ω
 
Join Date: Mar 2002
Location: Chicago
Posts: 4,399
The giant overhang cantilever looks cool in renderings but these things often fail as public spaces in real life. People don't like the feeling of being under a giant mass outdoors like that. It's gloomy. We will see if they can pull it off in real life I suppose.
__________________
If all others accepted the lie which the Party imposed, if all records told the same tale, then the lie passed into history and became truth. -Orwell
Reply With Quote
     
     
  #168  
Old Posted Jun 16, 2020, 4:31 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 43,205
Still looks on target to open the end of the year...















__________________
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #169  
Old Posted Aug 5, 2020, 2:10 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 43,205
https://seekingalpha.com/article/436...all-transcript

Vornado Realty Trust (VNO) CEO Steven Roth on Q2 2020 Results - Earnings Call Transcript

Aug. 4, 2020


Quote:
Jamie Feldman

And then as you think about, I mean, now that Farley is done. Can you talk about the conversations around PENN 2. I mean, what is that depth of demand look like? I know you've got some time before that project is completed, but just - that's certainly next step to the plate?

Steven Roth

It sure is. So the first thing is that, I'm sure you have, but I ask you again, take a look at our website where we have a fairly large picture book of what we are going to be doing at 2 Penn, what it's going to look like, what the amenities are, what the services we're going to bring to our tenants.

And by the way, we look upon PENN 2 and PENN 1 as a campus, because those two buildings will be interconnected. So we have basically a 4 plus billion square foot campus in - on top of Penn Station, which is - I submit an unbelievably scarce asset and valuable.

The development plan for 2 Penn is too long. It's the better part of three years, but that's what it takes. So we have lots of time in terms of the leasing. We are going to basically - Glen is basically going to stay out of the market for the next year. We're not even going to entertain, well, if something comes along maybe, yes, but basically our intention is to not start to lease it for a year when the market begin to see some of - a better visibility into what the product will look like.

Now there was some conversation that in past calls where we said that we had a 400,000 foot anchor tenant to whom we were talking that I said in last quarter's call that conversation has - as expected gone into pause. Not gone away, gone into pause, okay.

The major tenant in that building now is somebody called Madison Square Garden. They have been in that building for decades. That building is adjacent to their business. And so, that's really - 2 Penn has been the home of Madison Square Garden for a long while. So you can put two and two together, but the - and that's - and that's the status report on that
.
Quote:
Steven Roth

The other thing, by the way, is the design of the building with the bustle creating the overhang, creating the prominence, creating the entrance to Penn Station, et cetera. I mean, it has got universal applause.

And so, we're pleased about that. There is an elephant company that's in the marketplace that is looking - by the way, it happens to be looking at both 350 Park Avenue, and 2 Penn, which is an interesting combination of locations. And their boss basically said that going through the renderings and the presentation that he thought that the design and the bustle were extraordinary piece of architecture and we agree with that.
Quote:
Jamie Feldman

Okay. Thanks for the color. And you're saying that the tenant looking at 350 Park and 2 Penn, they would only take one. They are not --

Steven Roth

Glen is good, but he can't sell a space twice. No, they would only take one.
Quote:
Alexander Goldfarb

....Next, I was going to give you a plug for talking to Steve Schwarzman, your buddy about anchoring 350, but sounds like Glen is also trying to sell him on Penn Station. So look forward to that as well.

Steven Roth

Well, first of all, I'll pass the congrats off to Glen and David. Second of all, don't make that conclusion. It's not a good conclusion.
__________________
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 9:58 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.