stjames2queenwest
Senior Member
I bet everyone in that building feels that way and if they don't then there is something wrong with them. I hope that name goes. It's really innapropriate, and is now synonymous with discrimination.
Unfortunately, contracts don't just protect honest folk—they protect ignorant sentient cheese doodles, too.I bet everyone in that building feels that way and if they don't then there is something wrong with them. I hope that name goes. It's really innapropriate, and is now synonymous with discrimination.
It's not the level of disaster here that you're claiming, at all. I know everyone gets off here, the schadenfreude and all that, but the interiors do not require hundreds of millions in upgrades, and the views, while not the traditional unimpeded sweeping vistas that everyone seems to mistakenly think are available at every other skyscraper, are really interesting here because you get both buildings in the foreground and openings to the distance.What a disaster. I don't see an easy solution to this mess either. I don't think changing the name will help a whole lot. Who wants to pay top dollar to live in a tower shoehorned in the financial district with little to no views. The interior finishes are no longer current with trends either. Whoever buys it will have to probably throw hundreds of millions on top to completely renovate and/or reinvent the tower.
It's not the level of disaster here that you're claiming, at all. I know everyone gets off here, the schadenfreude and all that, but the interiors do not require hundreds of millions in upgrades, and the views, while not the traditional unimpeded sweeping vistas that everyone seems to mistakenly think are available at every other skyscraper, are really interesting here because you get both buildings in the foreground and openings to the distance.
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It's not the level of disaster here that you're claiming, at all.
I don't know how you would describe the current situation but, I will stand by disaster. This is two registered stratas!
As for getting out of this mess, it will take many, many millions to convert or redesign if it can't be sold or leased as is it currently stands. The views and its location are not playing in this tower's favour and has attributed more to the poor sales than Trump's campaign over the last couple of years. I've been in this tower many times. I know the finishes. They are very nice but, they are no longer trendy either. It definitely needs a refresher to reach the target client and I know them very well. That won't be cheap either.
Probably can pick up the tower for about half the value of the real estate value of all the units once sold. There is money to be made. I wouldn't necessarily take the gamble.