|
Post by keymod on Sept 9, 2022 15:40:42 GMT -6
IIRC, Waterfront got destroyed by flooding, maybe Hurricane Sandy??
|
|
|
Post by jmoose on Sept 10, 2022 16:02:50 GMT -6
Quite a few studios were impacted by Sandy, some closing forever but Waterfront was long gone by the time that storm hit. Not sure of the year, the article may reference but I wanna say Henry & Co moved to Hudson around 2006? +/- 3dB? Now, Water Music... the big Neve room? They got flooded, repaired & have since closed. That desk is now at the Bunker in Brooklyn and the property that was Water Music? Sold earlier this year for approx 6 million tacos and will be torn to the ground & rebuilt as gentrified cookie cutter condos. edit - recent article on the fate of the Water Music building in Hoboken. jerseydigs.com/hoboken-set-to-vote-on-redevelopment-for-former-recording-studio-site/(one day... this will all be a parking lot...)
|
|
|
Post by jeremygillespie on Sept 10, 2022 17:05:30 GMT -6
Or a boat launch hahaha
|
|
|
Post by jmoose on Sept 14, 2022 14:18:46 GMT -6
Yeah... or a boat launch indeed. Funny as it is like all great humor there's some dark truth to that statement... Swinging back around to "real estate" - and specifically real estate vs the studio biz? Some may or may not be aware that most of the greater NYC region including the 5 boroughs are at or just below sea level. Manhattan is basically an island. Large part of what's driving land costs isn't the land... its "air rights" - how high can we build??! The greater NYC region is heading towards a Jetson's style future... just look at places like Dubai and buildings that are 150+ floors. Up up & away! Classic early example is the Hit Factory on west 54th St which, man I had to look this up... was sold & turned into condo's in 2006. As someone close to the source told me around that time, its not there wasn't any work. That the studios weren't busy. It was more a question of what decision do you make when the business is pulling in 3 million a year but the building is worth 30 million?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Sept 14, 2022 16:33:11 GMT -6
Yeah... or a boat launch indeed. Funny as it is like all great humor there's some dark truth to that statement... Swinging back around to "real estate" - and specifically real estate vs the studio biz? Some may or may not be aware that most of the greater NYC region including the 5 boroughs are at or just below sea level. Manhattan is basically an island. Large part of what's driving land costs isn't the land... its "air rights" - how high can we build??! The greater NYC region is heading towards a Jetson's style future... just look at places like Dubai and buildings that are 150+ floors. Up up & away! Classic early example is the Hit Factory on west 54th St which, man I had to look this up... was sold & turned into condo's in 2006. As someone close to the source told me around that time, its not there wasn't any work. That the studios weren't busy. It was more a question of what decision do you make when the business is pulling in 3 million a year but the building is worth 30 million? Well the USA is in another major housing bubble due to a housing shortage. We’re short what? 5 million units? Most of the buyers bought their houses not with cash but with low interest rate loans. They can’t sell because they normally wouldn’t be able to afford their awful cookie cutter condos and McMansions in the first place. The politicians won’t build, building is expensive, and nobody wants to crash prices or raise interest rates to combat inflation in a democracy. The only way is a hard landing which will sink everyone who got in on the bad loans. The cash buyers? there are deep flaws in our economy. Mass inequality, certain positions overcompensated, activist shareholders, private equity looting, etc. These aren’t good and are destabilizers. Just because the USA and China are #1 and #2 now doesn’t mean they they will be in the future.
|
|
|
Post by the other mark williams on Sept 14, 2022 17:30:16 GMT -6
[...] Manhattan is basically an island. Quite literally so.
|
|