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  #21  
Old Posted Sep 17, 2012, 6:10 PM
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Originally Posted by Yackemflaber69 View Post
any updates
I was on the block on Saturday night, and the site remains in the same condition as the earlier pictures, full of construction trailers. I have a good friend who lives in the old Post Building across the street from the site, and she's said that she's seen contractors looking over the site recently along with some mild activity, so they may be preparing to finally start up. It's a very small block; it's possible they're waiting for 99 Washington Street to finish.
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  #22  
Old Posted Oct 27, 2012, 4:22 PM
DURKEY427 DURKEY427 is offline
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Any news?
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  #23  
Old Posted Oct 27, 2012, 6:21 PM
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Originally Posted by DURKEY427 View Post
Any news?
This site is being used as a staging site for 99 Washington, so there's no way it breaks ground until the 99 Washington construction wraps up.

So probably 2013 for this project.
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  #24  
Old Posted Oct 27, 2012, 9:02 PM
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^ Thanks
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  #25  
Old Posted Jan 13, 2013, 5:44 AM
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Seems Sandy changed the plans a bit for this tower too.

Quote:
Mr. Becker is looking at similar strategies for 111 Washington Street, a 50-story rental project on which Albanese is also advising. There, the electrical system is being moved to a higher floor from the basement, at an estimated cost of $850,000, Mr. Becker said.

Relocating basement mechanical systems means eliminating space on upper floors that could have been used for apartments or building amenities, said George Poniros, the assistant director of construction at Pink Stone Capital Group, the developer of 111 Washington. “It does cut into some of our sellable space,” he said, “but when people go to rent in our building they will know that we have taken these extra precautions, and it will give us an edge.”
http://www.nytimes.com/2013/01/13/re...ewanted=2&_r=0
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  #26  
Old Posted Sep 21, 2013, 1:59 PM
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Are they waiting for the other luxury(?) hotel to finish up so this can begin construction?
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  #27  
Old Posted Sep 21, 2013, 4:03 PM
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Originally Posted by Eveningsong View Post
Are they waiting for the other luxury(?) hotel to finish up so this can begin construction?
Probably just due to the changes in plans. Things in NYC take an absurdly long time to get started. Even slight changes could take weeks especially on large projects.
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  #28  
Old Posted Oct 7, 2013, 4:24 AM
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  #29  
Old Posted Mar 11, 2014, 1:52 AM
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http://www.crainsnewyork.com/article...-princely-260m

Downtown lot hits market at a princely $260M
At $700 per buildable square foot, the price would mark a new high for a residential development site in lower Manhattan, shattering the current record set just eight months ago by 17%.






Daniel Geiger
March 10, 2014


Quote:
A father and son team that purchased an empty parking garage just south of the World Trade Center has put the site on the market for $260 million, five times what they paid for it just three years ago.

Fred Ohebshalom and his son Richard acquired 111 Washington St., three blocks south of the WTC site, three years ago by buying the distressed mortgage on the property from lender New York Community Bank. The price was a figure close to the $50 million loan’s face amount, according to reports. Eventually, the pair took control of the property when it was in foreclosure.

The pair then spent an undisclosed amount snapping up nearly 200,000 square feet of air rights from several surrounding properties, 102-104, 106 and 108 Greenwich Street and 105 and 109 Washington Street. All together with those extra air rights, about 362,000 square feet of residential or mixed use space can now be built on the site, which is at the corner of Washington and Carlisle streets.

Bob Knakal, chairman of the sales brokerage Massey Knakal Realty Service, has been hired by the Ohebshaloms to market the property and handle the sale.

“We certainly expect to set a pricing record for the neighborhood,” Mr. Knakal said. “We anticipate interest from around the city, around the country and around the world.”

If the property garners $260 million, it would translate into more than $700 per square foot, 17% more than a previous record for a residential development site in lower Manhattan set just eight months ago. That deal was for 101 Murray St., which developers Steven Witkoff, Howard Lorber and Fisher Brothers bought in July 2013, paying about $223 million. That site can accommodate slightly more space than 111 Washington St., 370,000 square feet, making its price per buildable square foot around $600.

“In the past six months to a year, the price of development sites has significantly appreciated all over the city,” Mr. Knakal said.

He noted that a developer could build either rental or condo space or a mix of both at the site along with retail in the property’s base. The development could also be home to a hotel, he said.

The Ohebshaloms could not immediately be reached for comment.
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  #30  
Old Posted Mar 11, 2014, 3:57 AM
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I hope whom ever purchases this sites also buys those derelict properties around it.
This area could use a fresh new start.
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  #31  
Old Posted Mar 11, 2014, 4:07 AM
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..But the character!

Seriously though, those are the properties that the extra air rights were purchased from, and aren't useful for development anymore.
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  #32  
Old Posted Mar 11, 2014, 4:49 AM
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Maybe someone could buy up that awful hotel right down the street and tear it up, too.
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  #33  
Old Posted Mar 11, 2014, 3:54 PM
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Hopefully we get something very tall and slim on this site.

At that asking price, this will definitely be superluxury condos. Rentals won't pencil out financially with those land costs.
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  #34  
Old Posted Mar 11, 2014, 5:34 PM
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Quote:
Originally Posted by Eveningsong View Post
I hope whom ever purchases this sites also buys those derelict properties around it.
This area could use a fresh new start.
Dude, you've never been to New York have you?

Those are the sidewalls and backsides of buildings, of course they're not going to look good from that perspective but their front sides are attractive and a couple are even landmarked.

If you wipe out all these small foot print buildings and replace them with modern blockbusters, then you essentially have Houston.
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  #35  
Old Posted Mar 11, 2014, 8:59 PM
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There are two NYC landmarks on that block, as indicated below.




The other marker on the street is for landmarked lamp posts.
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  #36  
Old Posted Mar 11, 2014, 9:27 PM
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Originally Posted by antinimby View Post
Dude, you've never been to New York have you?

Those are the sidewalls and backsides of buildings, of course they're not going to look good from that perspective but their front sides are attractive and a couple are even landmarked.

If you wipe out all these small foot print buildings and replace them with modern blockbusters, then you essentially have Houston.
Well I live in the NYC metro area and that is as far as I'll go. I think those tenements are not unique and should be razed.
Also what's wrong with Houston? I've never been for your info.

Last edited by Perklol; Mar 11, 2014 at 9:52 PM.
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  #37  
Old Posted Mar 11, 2014, 10:32 PM
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Nothing if you like a boring, sterile downtown. Those tenements create a small scale feel (not talking about height) to a block that a building that takes up a whole block does not do.

It's why cities like Boston, Chicago, San Francisco are walkable, considered more charming and preferred over the more modern cities like Dallas, Phoenix and yes, Houston.
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  #38  
Old Posted Mar 11, 2014, 11:39 PM
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Quote:
Originally Posted by antinimby View Post
Nothing if you like a boring, sterile downtown. Those tenements create a small scale feel (not talking about height) to a block that a building that takes up a whole block does not do.

It's why cities like Boston, Chicago, San Francisco are walkable, considered more charming and preferred over the more modern cities like Dallas, Phoenix and yes, Houston.
I did not know that. Thanks for clarifying. It's starting to make sense now..

Those buildings do have a charm to them now that I'm thinking about it.
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  #39  
Old Posted Mar 11, 2014, 11:41 PM
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Quote:
Originally Posted by McSky View Post
There are two NYC landmarks on that block, as indicated below.




The other marker on the street is for landmarked lamp posts.
103 Washington is beautiful.
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  #40  
Old Posted Mar 12, 2014, 12:52 AM
M. Incandenza M. Incandenza is offline
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Yeah, that church is really interesting. Never seen anything like it in NYC. Anyone know anything about it?

Also: what antinimby said.
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