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March 26, 2009

Trouble For Gehry's Beekman Tower

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I posted an article on the 18th of last month on Gehry's Beekman tower and how he had utilized his "Digital Project" software to ensure that the design would come in under budget. Unfortunately, it seems that even his magic software can't save the tower from effects of the economic meltdown in the country right now.
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Developers should really stop the horrid habit of chopping off projects halfway and leaving projects that they feel are products of a recession but are really monuments to their inefficiency. Didn't realize how much it would cost or have a contingency plan for if costs exceed the budget, which always happens anyway.

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NoLandGrab: Fortunately, Ratner's Atlantic Yards project has yet to get started, so abandoning it now won't leave any stumpy buildings — just tree stumps.

Posted by eric at March 26, 2009 9:34 AM