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Circle South, 30 story/443'/535,000 sq. ft. office tower; 19 story/239'/261 residential tower; 2.6 acres at Lafayette and 8th Ave. South


markhollin

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8 hours ago, PruneTracy said:

Generally speaking, it's not an issue. Coordinating construction projects in tight confines happens all the time. But there are complications that can make construction harder, which means more expensive. Are roadways going to be closed at the time you need deliveries of material? Is it possible to coordinate traffic control? Are you going to have to schedule around loss of utilities, namely power?

Timing is also an important issue. If you are a private developer who has financed a nine-figure development, then you have to be able to have control of when you can start leasing/selling, when your building opens, etc. or else you stand to lose a lot of money. It wouldn't do to spend most of your loan on getting to 75% completion of a building then have to stop for an adjacent utility project to be completed, even more so when they have no incentive to finish sooner. There are plenty of projects, and developers by extension, that get broken on unexpected changes in the middle of construction.

Appreciate that insight, PT!

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16 hours ago, jjbradleyBrooklyn said:

Oh really? OK, that makes sense. 

How much time do you think it will take the city to complete their upgrade part before construction can start on this project and the Ritz-Carlton? If it takes longer than a year, I imagine these projects could be in jeopardy of not being built right now....?

Unsure to the first question. As to the second one, that project may be on a different sewer line.

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4 hours ago, markhollin said:

As Smeagolsfree mentioned last week, the high fencing is now up around the entire site, including the area for the residential tower on the south end.

 

Circle South, March 27, 2022, 1.jpeg

Circle South, March 27, 2022, 2.jpeg

Circle South, March 27, 2022, 3.jpeg

That is an amazingly great sign! 

How many proposed/approved projects are there total now for the "Sticks" area? 

Four or Five separate ones or more? 

Once they start shovels in ground, this area will be the next major skyline-altering downtown hot spot.

 

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59 minutes ago, jjbradleyBrooklyn said:

That is an amazingly great sign! 

How many proposed/approved projects are there total now for the "Sticks" area? 

Four or Five separate ones or more? 

Once they start shovels in ground, this area will be the next major skyline-altering downtown hot spot.

 

Agreed.  If/when this one, 800 Lea, and the Ritz project start rising, the skyline will be immediately and tremendously transformed.

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48 minutes ago, TheSound said:

Yes, we will see the roundabout as hopefully 1 of 3 significantly tall new highrise clusters over the next few years.  The other 2 being Church St with Yards and Tony G's towers and also the Peabody/KVB developments (Tishman, Centrum, and 2nd & Peabody, along with continuation of Rolling Mill Hill).  Of course that doesn't include the Broadway car lots or anything on the east bank; just stuff in SoBro/traditional CBD.  Insane to really envision it all.

Ahh, that's a good snapshot overall.

I'd imagine the Reed District towers should start construction in the next year or so?

Hopefully sooner rather than later. That project is super exciting and just elevating a "meh previous usage" into an exciting live/work destination, connecting midtown to downtown. 

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On 4/5/2022 at 8:59 AM, markhollin said:

Sewer work continues.

Looking NE from 8th Ave. South near intersection with Lea Ave:

Circle South, April 3, 2022.jpeg

How long does this sewer work typically take....

Is that sort of the bigger obstacle holiding off "shovels in the ground" for this district and the buildings waiting to be built?

 

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