Re: Trans National Place (Winthrop Square) Part 2
But do they have the same amount of power that the NIMBYs in Boston have? Really, I know NYC has strong NIMBYs too but I see the majority of their towers being built. I'm not surprised about Buffalo and Albany as they are not necessarily a major city nor are they as important in the eyes of the world.
And really what can you expect from the city where the average time from proposed to constructed is in the double digits. Most people won't build towers in Boston if they know that they will be dead before the project they are proposing ever see profit.
On the side note, my rant on NIMBYs is meant to be directed more at C.C. but I'm just making a point that some of reasons that NIMBYs make are irrational and unreasonable.
No I think I speak for many forumers that though height did influence many of our desires for this tower to be built, it is not the main reason why we are so frustrated. It's the fact that towers like the CC are being delayed so long and then ends up being cancelled. Fan Pier anyone? If it's approved then that should be that. To me, TNP gave me hope that this vicious cycle might actually change for once. I didn't necessarily have to be tall. I would be fine if it would at least be taller than the surrounding tower so it can be seen. It just feels like this tower will just be another SST or One Lincoln, W Hotel, etc. that has taken more than 10 years to be built although the W Hotel had a good reason why it was delayed.
It's also frustrating to see Boston lagging behind other city. Cities like SF, Philadelphia, and yes even Baltimore and Miami, are growing in a rapid rate. Boston however, isn't going anywhere.
You haven't seen NIMBY's until you've been to San Francisco. NIMBY's in Boston pale in comparison.
As for Philadelphia, there are no 1,000 foot towers, nor in Baltimore or Miami. Miami's parade of mini towers are almost all condo residential, of which there is a big bust.
Columbus Center's height was not dictated by the FAA, the SST was.
IMO, the problem with getting all enamored with Tommy's Tower is that Tommy's friends who have deeper pockets and more real estate experience than Belkin weren't building it; e.g., Ron Druker.
Towers, even in NYC, are typically not built on spec, following a sort of 'Build it, and they [tenants] will come' paradigm.
If you re-read the Dec 22, 2006 Boston Business Journal article on Belkin's Tower you can see the basis for skepticism even back then.
The tower is 75 stories, with 70 stories of occupyable (sp?) space. At 1.5 million sq ft, thats a floor footprint of about 20,000 sq ft. Belkin said he would take 100,000 sq ft for his own company, and he asserted over 18 months ago that he had another prospective tenant who would take 150,000 sq ft. That leavers 1.25 million sq ft to fill. Belkin wanted to charge between $65 and $85 a sq ft. Belkin said that by the time he started construction he wanted to have half the building leased. He also said of the $1 billion cost, he was willing to put up $150 million of his own money. (What he means by his own money is unclear.)
So how many companies, businesses, or firms in Boston are eagerly looking for 20,000 sq ft floor footprints at between $65 and $85 a sq ft?
Finally, as I understand it, much of Belkin's core business strength is travel-related. The sort of business that may leave him strapped if there's even a modest recession.