Swig says construction on the all-glass tower development, whichincludes the US debut of the Nobu Hotel and Residences and a Noburestaurant, will take anywhere from 20-24 months to build, "and Iam assuming that we will be in a better market then, than we aretoday." Although Swig says he has construction cost numbers, hecannot provide them at this time. He did note that he anticipatesground-breaking in the third quarter of this year.
He explains that it is a great time to be Downtown. "There aremore and more tenants heading there." The tower will be located inthe heart of Lower Manhattan's Financial District neighborhood at45 Broad St., across and down the street from the New York StockExchange.
Hotel experts note that there is a lot of confidence in Downtownat the moment. Sumner Baye, president and partner of InternationalHotel Network, says, "Downtown is a very interesting situation. Alot success for projects, such as these, depends on who will remainDowntown," referring to the importance of keeping tenants such asthe banking/financial world Downtown.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
