Quote:
Originally Posted by Sonofsoma
It is my understanding SOM was so stunned by Hines' $350Mil figure, they publically questioned it's legitimacy. Hines responded by announcing they already have tentative lease agreements on more than 40% of the tower and are committed to it being no less than 1200 ft tall
For this project anyway... They mean business.
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Yep, Hines is so confident in this site that they are willing to maintain the $350 million offer even if forced to make some of it residential (according to the TJPA). The 40% pre-leased figure is very interesting and a good sign for the project.
Once I realized this competition included a bid on the land, I knew what would happen. There is no way the TJPA or the City would turn down an extra $200 million just for a better design. The SOM bid undervalued the land, and the City would have lost a lot of money.
I'm not sure what they can do to the building to make it look more "iconic" (extra height won't really change that). In the report, TJPA referred to it as "pearlescent" or something, which could be interesting, although it does not look that way in the renderings. Depending on the color and the glass, I'm hoping it looks better in real life.
Maybe they could make it more like a real obelisk with the four corners coming to a point. With an obelisk and a pyramid, we could have a whole Egyptian theme going on