LG0564-0616 WST monthlyupdate Oct CN&ENG DRAFT 2 - IBID · Monthly Construction Update | June 2016...

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Monthly Construction Update | June 201 PROJECT BUDGET $397.1 Million remaining $540.9 Million Total Project Budget $ 143.8 Million Land Acquisition and Construction Costs to Date MONTHLY BULLETIN Wall Street Tower Construction Report | October 2016 Chief Investment Officer, Lightstone Investments Jonathan Rabinow Dear Investors, Lightstone is pleased to update you on the status of Wall Street Tower. Through October 2016, the project moves forward with demolition of building one completed and tie back installation down to the 11th floor of building two’s neighboring building, water and sewer disconnection and approval of demolition drawings by New York’s Department of Buildings for building three. There are, on average, 20-25 workers on-site daily. To date, Lightstone has spent a total of $143.8 million on construction and acquiring the land, and Lightstone estimates that over 95 jobs have been created . Sincerely Over 95 Jobs Created Lightstone estimates that over 95 of the 2,000 jobs required by USCIS have been created. JOB CREATION CONSTRUCTION TIMELINE TARGET COMPLETION 2015 2016 2017 2018 2019 2020 Permits Demolition Excavation Superstructure Condo Interiors NOVEMBER 2019

Transcript of LG0564-0616 WST monthlyupdate Oct CN&ENG DRAFT 2 - IBID · Monthly Construction Update | June 2016...

Page 1: LG0564-0616 WST monthlyupdate Oct CN&ENG DRAFT 2 - IBID · Monthly Construction Update | June 2016 PROJECT BUDGET $397.1 Million remaining $540.9 Million Total Project Budget $ 143.8

Monthly Construction Update | June 2016

PROJECT BUDGET

$397.1 Millionremaining

$540.9 Million Total

Project Budget

$ 143.8 MillionLand Acquisition and Construction

Costs to Date

MONTHLY BULLETIN

Wall Street Tower Construction Report | October 2016

Chief Investment Officer, Lightstone InvestmentsJonathan Rabinow

Dear Investors,

Lightstone is pleased to update you on the status of Wall Street Tower. Through October 2016, the project moves forward with demolition of building one completed and tie back installation down to the 11th floor of building two’s neighboring building, water and sewer disconnection and approval of demolition drawings by New York’s Department of Buildings for building three. There are, on average, 20-25 workers on-site daily. To date, Lightstone has spent a total of $143.8 million on construction and acquiring the land, and Lightstone estimates that over 95 jobs have been created .

Sincerely

Over 95Jobs Created

Lightstone estimates that over 95 of the 2,000 jobs required by USCIS have been created.

JOB CREATION

CONSTRUCTION TIMELINETARGET

COMPLETION

2015 2016 2017 2018 2019 2020

Permits

Demolition

Excavation

Superstructure

Condo Interiors

NOVEMBER2019

Page 2: LG0564-0616 WST monthlyupdate Oct CN&ENG DRAFT 2 - IBID · Monthly Construction Update | June 2016 PROJECT BUDGET $397.1 Million remaining $540.9 Million Total Project Budget $ 143.8

Monthly Construction Update | June 2016MONTHLY BULLETIN

PHOTOS

Demolition of Wall between Buildings Two and Three

Installation of Building Tiebacks

Demolition of Steel Beams Demolition of Floor Slab


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