|What almost became the biggest little dealbreaker for 1 WTC.|
Friday, 17th June 2011
Source : Andrew Calvo ~ Passions Of A Zealot
As everyone in the world knows by now Ė Conde Nast signed a lease to become the first major tenant at 1WTC Ė but what almost became the deal breaker wasnít the ability for black sedans to easily pick up and drop off executives, security precautions to the building for clients and employees, no, it was the size and positioning of the vent for the kitchen.
A kitchen vent.
Makes sense though, Conde Nast is famous for their cafeteria, much has been written about it, the food is excellent, the patrons are the creme de la creme of the publishing world and the architecture and design of the place is out of this world. Plus, since this vent will also be used for Conde Nastís test kitchens as well as the cafeteria, itís big Ė one story high and 25 feet wide.
I had heard a quick blurb about the vents being a potential deal breaker, but the NY Post had a great story on it recently which shed some more light on the issue.
Not to worry, the vent wonít appear as an eyesore similar to the vents on the side of the Borgata in Atlantic City, or the Goldman Sachs Tower in Jersey City Ė this vent is costing $1 million, including specially designed glass panels which help to disguise itís appearance.
From how the article sounds, itís going to be difficult to tell its even there unless you know what youíre looking at, and itís going to be on the North Side, not the Southern Side which faces the WTC Memorial and the rest of Ground Zero.
Just goes to show how what may seem to be the most inconsequential item on a tenant build-out can end up being a major deal breaker.
Andrew Calvo is a Commercial Real Estate Advisor in New Jersey. I live in Tinton Falls, NJ. This blog is about my passions - primarily hotels, commercial real estate, and development, etc.
Since I have been in High School I've had numerous jobs, but the field which has always interested me is Real Estate, Hotel Development and Construction. I consider myself a zealot in that area - I try to absorb as much as I possibly can, take the experiences that I learn, or read about and use them in my life.†