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edmundblackadder1999

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Posts posted by edmundblackadder1999

  1. 50 minutes ago, atlrvr said:

    No way.  They aren't going underground with parking, and they've been grading it as they demoed.  The equipment on site is for footings.  This should be above ground in the 2nd half of this year I would think.

    Thanks.  In NY, they go several stories below ground deep into the bedrock (and there's never parking -- that's just for the building).

    Since Charlotte doesn't even have bedrock, I assumed that they would need to dig a foundation at least 50' deep and line it with concrete and rebar, etc.  Is that not the case?

     

     

  2. 39 minutes ago, KJHburg said:

    An apartment complex on N Tryon in the University area is using EB-5 but that is the first in the area I think. Hudson Yards in NYC used it quite a bit. 

    Thanks, KJ.  All developers in NY use it and the Israeli bond market.

     

    26 minutes ago, kermit said:

    I gotta ask, what is an EB-5?

    It's a form of financing in which foreigner individuals pay around $500,000 in return for a Green Card.   

    • Like 1
  3. 39 minutes ago, ricky_davis_fan_21 said:

    Officially. Nobody on this board can answer any of these questions

    Unofficially. I wrote a possible breakdown a few pages back, but my intel is from 9 months ago, so tons could have changed, and it was told to me in a very unofficial capacity. Like I said in my article I wrote (http://www.charlottefive.com/charlotte-deserves-better-than-the-planned-office-tower-at-the-former-observer-site/), there has been no masterplan, nobody outside of Lincoln Harris/Goldman Sachs knows the plans for the rest of the land or when the other buildings will rise.

    Thanks, Rick.

    PS: I didn't know that you wrote that article.  Personally, I think I'm one of the few people who likes this tower.  Also, while granite or limestone would have been nice.  Polished concrete looks good too.  Consider 99 Church Street or 432 Park in NY.  Isn't this tower's shorter twin, Odell Plaza, polished concrete as well?

     

  4. 1 hour ago, Niner National said:

    Well, the city used to just be roughly what is now Uptown and it was quite dense. 

    There were reasons at the time, though in hindsight we know tearing down these old buildings was a mistake. You have to keep in mind the time period in which they were torn down though--primarily the 60's and 70s. At that time, most of the buildings in Uptown were only 30-50 years old and not really considered historic.

    Yes, but to this today (let alone 20 years ago), there are (and were) scores of empty lots surrounding Uptown.  When I first visited in 1993, there were parking lots everywhere.  I assume that was the case when that old building was razed in the 60s.

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