Manhattan Transfers Cheat Sheet
As most every New Yorker can now eerily recall, just as Hurricane Sandy was bearing down on the city, the crane atop One57 snapped back, nearly crashing to the street. The boom wound up holding throughout the 100-mile-per-hour winds, the incident resulted in the evacuation of hundreds of residents, businesses and hotels, most of whom could not return for more than a week.
We’ve already heard from an angry public relations executive who believes Extell should reimburse the city for the cost of monitoring the accident and evacuating the streets. Now comes the first of what may well be many lawsuits over the crane crisis at the billionaire-beloved building.
– The big deal of the day (or should we say Big Deal) is that the massive Helmsley mansion in Greenwich has finally sold, albeit at a considerable discount. From an original price of $125 million in 2008 — a year after Leona Helmsley died at the 40-acre property — to a Read More
The demolition of the ill-fated tower may take even longer than expected. And then there’s lawsuits. Read More
The troubled Santiago Calatrava–designed PATH station at the World Trade Center is facing a new obstacle. After years of what multiple executives and officials described as a rocky relationship and headaches over a tremendously complicated project, the Port Authority on Thursday broke off its relationship with Phoenix Constructors, a conglomerate of some of Read More
Yesterday the Port Authority awarded the largest single construction contract for the National September 11 Memorial and Museum at the World Trade Center to Navillus Contracting in Long Island City, City Room reported.
Navillus, which is new to ground zero, joined with Bovis Lend Lease to bid on the $103.9 million concrete contract. Read More
Almost five months after a deadly fire halted deconstruction on the former Deutsche Bank building at Ground Zero, the state has picked a new contractor to oversee its demolition, New York-based LVI Services (which also specializes in controlling the “superbug” bacteria … just in case).
Ironically, LVI was originally slated Read More
The World Trade Center Memorial Foundation came out with a press release formally acknowledging the new, higher estimates for Michael Arad’s design, as reported this morning, and breaking out the $300 million infrastructure separately. In fact, the release never mentions the figure $300 million:
[T]he Foundation and by extension, its private donors, should Read More
What’s funny about the debate over the World Trade Center Memorial’s cost and fundraising is that only one of them can be a problem. If the cost can be limited to $500 million, as Bloomberg wants, then it is almost paid for: there is already $480 million in private and public funds received or pledged, Read More