Quote:
Originally Posted by Busy Bee
I'm not upset about the final death of 80 South. I always felt like it had the potential to totally f*** up the balance of the Lower Manhattan skyline. I'd actually be perfectly fine with something in the 800' range.
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The project is in no way dead or canceled, it’s being sold to another developer, just as it was sold to Oceanwide, who was not the developer to put the pieces in place to build this tower. Unfortunately, they are having major problems, and will have to pass it on to another developer who will get it built. That’s the way it works in the real estate game in the city, and we see it over and over.
As far as the height, it’s as tall as it is because of the specific programming on that small site. Now, unless the next developer plans to sell half the air rights to another site nearby (where at in the Seaport district can you build as tall as-of-right without getting hacked to death like 250 Water St?), it will be built, and every ounce of development rights used.