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NYC's Luxuriest Building Is First Sandy Casualty: Live Webcast Of Crane Dangling On 75th Floor

Tyler Durden's picture




 

While we are still hours away from "Peak Storm", the structural casualties are already adding up.  FDNY reports a 2nd alarm alert at the soon-to-be tallest residential building in Manhattan - 157 West 57th Street (aka One57, where recently a record price was paid for a duplex apartment) entailing a dangling crane. The area is being evacuated - to somewhere we assume that does not have cranes (good luck finding that). The critical question for Steve Liesman remains - how much more is a 'broken crane' worth to GDP than a 'broken window'? Live stream embedded below...

 

UPDATE: New York City officials order evacuation of upper floors of several
buildings near site of partially collapsed crane.

Here is the clip of the actual collapse!!!

 

Here is the close-up stream of the crane (via NBC):

View more videos at: http://nbcnewyork.com.

 

 

And CBS Local news updates:

Current Over/Under on collapse is 6/9 hours

 

Emergency links (click image for real-time updates)

 

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Mon, 10/29/2012 - 15:10 | 2928629 vast-dom
vast-dom's picture

KEYNESIAN WET DREAM

Mon, 10/29/2012 - 15:11 | 2928633 KingTut
KingTut's picture

Wet dream and Blow Job!

Mon, 10/29/2012 - 15:13 | 2928634 vast-dom
vast-dom's picture

No reach around? Even with big balls dangling from cranes....

Mon, 10/29/2012 - 15:13 | 2928638 fuu
fuu's picture

Krugman's unit is missing a few layers of skin at this point.

Mon, 10/29/2012 - 15:15 | 2928640 Pladizow
Pladizow's picture

Its mimicking the Bernak's limp monetary policy!

Mon, 10/29/2012 - 15:16 | 2928642 vast-dom
vast-dom's picture

limp in the face of moist hot increses in destruction induced aggregate demand?

Mon, 10/29/2012 - 15:19 | 2928650 vast-dom
vast-dom's picture

And on the Nth Day of QEternity it hurricaned fire and brimstone.

Mon, 10/29/2012 - 15:25 | 2928658 ZerOhead
ZerOhead's picture

ZerOhedge Alert:

Attention NYC...

Just in case the rumors are true that 157 57th Street is owned by Larry Silverberg I would be quickly heading to the exits before the building experiences a freefall collapse followed by a mega insurance payout...

Just sayin'...

Mon, 10/29/2012 - 15:29 | 2928686 Big Corked Boots
Big Corked Boots's picture

PULL IT!

(sorry, had to say it)

Mon, 10/29/2012 - 15:41 | 2928705 ZerOhead
ZerOhead's picture

Don't be sorry...

Larry was going to be in the building for the collapse but instead his wife told him to go to a forgotten appointment with his proctologist.

Apparently he has an embarrassing problem with money leaking out of his ass...

Mon, 10/29/2012 - 15:57 | 2928758 francis_sawyer
francis_sawyer's picture

Hey You... Get off of my Cloud...

Mon, 10/29/2012 - 16:17 | 2928801 knukles
knukles's picture

Green eco-skidmarks...

Mon, 10/29/2012 - 15:57 | 2928757 _ConanTheLibert...
_ConanTheLibertarian_'s picture

We decided to pull Crane No. 7. Look ma no hands!

Mon, 10/29/2012 - 16:22 | 2928813 Haole
Haole's picture

Isn't it Silverstein or did I miss some hidden meaning there..?

Mon, 10/29/2012 - 17:01 | 2928970 ZerOhead
ZerOhead's picture

Point conceded Mr. Know-it-all... ;)

Mon, 10/29/2012 - 15:19 | 2928652 MillionDollarBonus_
MillionDollarBonus_'s picture

All those waisted premiums sitting in the bank accounts of insurance companies will now be spent into the economy. Again, I don't mean to sound krass, but the resulting increase in aggregate demand is going to be simply spectacular. 

Mon, 10/29/2012 - 15:21 | 2928655 vast-dom
vast-dom's picture

most of the savings on the east coast was spent already on bottled water and stale bread.

Mon, 10/29/2012 - 15:24 | 2928671 Beam Me Up Scotty
Beam Me Up Scotty's picture

MDB, you are a bona fide Dumb Ass.

Mon, 10/29/2012 - 15:31 | 2928689 ZerOhead
ZerOhead's picture

Spectacular indeed.

I've positioned myself long in ShamWows...

Mon, 10/29/2012 - 15:31 | 2928691 Mad Mohel
Mad Mohel's picture

I hope one day someone on here (not me, I'm a pacifist) finds you and gives you a good ass beating. Even if you are a troll, your general manner is deserving of it. "Simply spectacular" what a prick!

Mon, 10/29/2012 - 15:38 | 2928703 TheCanadianAustrian
TheCanadianAustrian's picture

Maybe you're new here. His goal is to root out and make fools of people who aren't smart enough to recognize the trolling. You just got owned.

Mon, 10/29/2012 - 19:43 | 2929507 willwork4food
willwork4food's picture

I don't get it. You're saying MDB is playing a troll? What he said sounded logical to me. What was wrong with that?

Mon, 10/29/2012 - 15:47 | 2928728 Zero Govt
Zero Govt's picture

MDB  -  you "sounding crass"? ...you're kidding. You and Paul Krugman are sane, it's the rest of the world that's completely lost it

Mon, 10/29/2012 - 16:20 | 2928810 walküre
walküre's picture

premiums sitting in equity and bond accounts

the withdrawal barrage to cover the payouts will be EPIC

 

Mon, 10/29/2012 - 16:28 | 2928829 dbomb12
dbomb12's picture

Thus triggering the much anticipated HYPERINFLATION

Mon, 10/29/2012 - 18:25 | 2929214 reTARD
reTARD's picture

MDB is right. This would be closer to the stimulus Krugman called for short of an alien invasion. All that damage will continue to increase the GDP growth which resulted from increased federal government spending.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Also if enough Apple products get flooded out, the personal consumption expenditures (PCE) should continue to accelerate as well. ;-)

Tue, 10/30/2012 - 22:42 | 2933520 MeelionDollerBogus
MeelionDollerBogus's picture

'waisted' ?

Come on, if we're to see some Million-Dollar douchery at least ensure it's one of the literate Tyler/Bots that's doing it. I know there's a lot of Tylers and a lot of variety but come on ... MDB is a particular kind of character with specific traits that are obvious when missing.

Mon, 10/29/2012 - 15:16 | 2928644 Manthong
Manthong's picture

Momentary perch for the black swan.

Mon, 10/29/2012 - 15:19 | 2928653 NewThor
NewThor's picture

Let us say this flood is a metaphor,

laugh now for soon this flood

will be at your door.

Mon, 10/29/2012 - 16:48 | 2928911 Karl von Bahnhof
Karl von Bahnhof's picture

Yeah, just another regular black swan, like every year about this time.

Mon, 10/29/2012 - 15:19 | 2928651 SeverinSlade
SeverinSlade's picture

Only Keynesians are crazy enough to believe that rebuilding things that have been destroyed somehow translates into growth.

Mon, 10/29/2012 - 15:22 | 2928667 Mae Kadoodie
Mae Kadoodie's picture

ClusterFuck

Mon, 10/29/2012 - 15:54 | 2928748 slaughterer
slaughterer's picture

Isn't the underlying fantasy of this event that we all want everybody in the storm path to die a horrible, agonizing death?  Even ourselves?  And that we want to watch it in real-time detail.  I am sorry, but the professional reportage cannot hide the underlying phantasm of disaster and mass death at play here.  

Mon, 10/29/2012 - 16:06 | 2928777 fuu
fuu's picture

Like something out of an early Jonathan Littell novel.

Mon, 10/29/2012 - 16:38 | 2928867 UGrev
UGrev's picture

Uh.. no. Well.. kind of... We just want it to hover over D.C... you know.. for like 40 days and 40 nights. Then it can vanish, courtesy of the manhatten project, and reappear over chicago, then replicate over hollywood. 

Mon, 10/29/2012 - 19:57 | 2929543 willwork4food
willwork4food's picture

Sensastionalism @ its best.

I was watching the local news here on the coast in VA. The Operah wanna be weather reporter was outside in the rain, wind with the camara showing half submerged cars behind her in a residential neighborhood. She was using the obligatory catch- alls like "unprecidented"," spectacular", bla, bla, when she grabed this one black chick from her front yard trying to get some additional studio brownie points.

WEATHER GIRL: " Have you EVER seen such a huge amount of water like this in your neighborhood"?

BLACK CHICK: " Yup. Happens all the time it rains a little."

(Flustered) WEATHER GIRL: Can you BELIEVE how many cars are abandoned behind our camaras?

BLACK CHICK: " Yea, That happens all the time too. I can't believe the dummies left their cars there over the weekend. We moved ours just up the road Friday."

I almost peed myself.

Mon, 10/29/2012 - 15:10 | 2928630 fonzannoon
fonzannoon's picture

I'm starting to wonder if this storm could end up being the black swan everyone was looking for. Maybe a few poorly hedged insurers bite it.

Mon, 10/29/2012 - 15:22 | 2928665 NewThor
NewThor's picture

This storm is only the beginning.

A series of disasters has just begun.

Mon, 10/29/2012 - 15:54 | 2928747 MsCreant
MsCreant's picture

I wonder about a poster like you. What are you about? Is it an "I told you so?" Are you warning folks about what you think is going to take place? Do you think it could be helpful? I have never junked you don't take this wrong, I am genuinely curious. I can't get my head into your perspective.

Mon, 10/29/2012 - 16:01 | 2928770 ZerOhead
ZerOhead's picture

As I have said before...

It's the Iranian landing craft using the storm as cover that we should all be worried about! ;)

Mon, 10/29/2012 - 16:02 | 2928772 bunnyswanson
bunnyswanson's picture

The cost to repair the damage resulting from this storm may be substantial considering it's size and formation. 

Mon, 10/29/2012 - 17:16 | 2929024 TSA gropee
TSA gropee's picture

From a purely statistical standpoint, one could look at the trends with regards to the frequency and severity of "natural disasters" and come to a reasonable conclusion that there are more to come, more often.

Mon, 10/29/2012 - 18:47 | 2929290 ZeroAvatar
ZeroAvatar's picture

Yep!  All we need NOW is for a big cold front to come in and turn everything to ice, just like in "The Day After Tomorrow".

Mon, 10/29/2012 - 15:10 | 2928631 Randall Cabot
Randall Cabot's picture

Light rain and wind all morning here in King of Prussia but Sandy is rearing her ugly head in the last half hour with rain and wind getting louder and louder!!!

Mon, 10/29/2012 - 16:25 | 2928821 Trimmed Hedge
Trimmed Hedge's picture

Just be careful of all those falling leaves!!

Mon, 10/29/2012 - 15:11 | 2928632 RacerX
RacerX's picture

GDP +3.1%

Mon, 10/29/2012 - 15:13 | 2928635 Bansters-in-my-...
Bansters-in-my- feces's picture

Fuck you Bernanke....

This is a financial blog,is it not...?

Mon, 10/29/2012 - 15:20 | 2928654 Tyler Durden
Tyler Durden's picture

One 57 Sales Update:

According to The Real Deal, as of February 1, 2012, the building is over 30% sold and demand has been very strong, especially for Combinations and Full Floor apartments.  The building has already been through one recent price increase and is now averaging around $6,000+ per sq. ft. If you are interested in learning more about this project, including prices and availability, please contact us.

March 7th, 2012

There are only two 2 bedrooms residences left at One57 – 46th floor for $7.8 million and 47th floor for $7.9 million.

April 20th, 2012

One 57 just released two 1 bedroom units starting in the $3mm – $4.5mm range. Units sizes are 1,021 sq.ft. (South exposure) and 1,287 sq.ft. (South & West exposure).

May 18th, 2012

One 57 breaks record announcing a sale price of over $90 million for its duplex penthouse on the 89th and 90th floors, the highest price ever paid for a single residential property in Manhattan. One 57 is now over 50% sold with over $1 billion in total sales since its launch only six months ago.

While this is a record sale, on a per square foot basis, the penthouse sold for over $8,200 square feet which still does not come close to the $13,000 per square foot price paid for the Penthouse at 15 Central Park West only a few months ago. That being said, the sale is a milestone for this iconic building that will be one of the very top buildings in New York City for decades to come.

* * *

Maybe you are confused, but a story about flailing crane on a building in which an apartment just a few months ago sold for a record price, in the city of New York (where due to a 'financially irrelevant' storm the capital markets are now shut down for a historic two days due to a storm with huge impacts on financial markets everywhere), and where future sales may be impaired as a result of said crane say crashing against the building, maybe, just maybe, has financial connotations.

All of the above could have been promptly uncovered with a simple google search. But why when that takes away from precious typing "fuck you Bernanke" and bitching time.

Of course, by now you are surely on the other post discussing sovereign CDS and "hard core finance" issues right now, or better yet, concocting even more profound editorial advice, so there is no point in event writing this response.

Mon, 10/29/2012 - 15:26 | 2928674 NewThor
NewThor's picture

Sorry Tyler,

It's an age old rule,

you can't choose your followers. 

 

Mon, 10/29/2012 - 15:28 | 2928680 Bansters-in-my-...
Bansters-in-my- feces's picture

Tylers having a bad hair day.....

Poor boy.

Mon, 10/29/2012 - 15:32 | 2928695 NewThor
NewThor's picture

Moments of character are rare.

Today is showing the true character

of the average Zerohedge member.

So it's totally understandable 

if Tyler is feeling crestfallen.

 

 

 

Mon, 10/29/2012 - 15:50 | 2928735 fuu
fuu's picture

If you think this is bad you should have seen the Fukushima threads.

Mon, 10/29/2012 - 15:59 | 2928765 francis_sawyer
francis_sawyer's picture

Are they still interviewing for the 'Super' position?...

Mon, 10/29/2012 - 16:08 | 2928781 fuu
fuu's picture

You lost me on that one.

Mon, 10/29/2012 - 15:28 | 2928682 mac768
mac768's picture

the beginning of the end of the tower of Babel

Mon, 10/29/2012 - 15:29 | 2928683 CoolBeans
CoolBeans's picture

OMG - what a great insurance scam.

The sales on this baby were pretty shocking compared to the number of vacanies elsewhere.

My first thought, as a now FL resident on the crane issue was, "Amateurs....everyone knows you have to take your stuff in / secure it before a hurricane...and I'm new here."

But...then it struck me - the insurance.  Even if an insurance company cries negligence -- they'd surely be forced to settle for some cash.

I hope Becky Quick's bathtub boyfriend owns that insurance company.

Mon, 10/29/2012 - 19:10 | 2929365 Ballin D
Ballin D's picture

Its class 1.  I dont think cranes are supposed to break under 75mph winds.

Mon, 10/29/2012 - 15:32 | 2928694 alien-IQ
alien-IQ's picture

$3 million for a 1021sq ft 1 bedroom????? That's preposterous even by Manhattan standards.

It's madness...pure madness...

Mon, 10/29/2012 - 15:55 | 2928749 SmallerGovNow2
SmallerGovNow2's picture

Classic rant Tyler, right up there with Nigel Farage, I'm sure he'd be proud...

Mon, 10/29/2012 - 15:56 | 2928754 ebworthen
ebworthen's picture

Notice that the boom of the crane was facing the street and the people below when they knew the storm was coming, rather than being turned toward the building itself.

Symbolic in my book.

Mon, 10/29/2012 - 19:26 | 2929432 Bunga Bunga
Bunga Bunga's picture

Soon they will find out that they can't grow potatoes, can't dig for water and won't find much firewood in their 3 mln one bedroom.

 

Mon, 10/29/2012 - 20:37 | 2929699 willwork4food
willwork4food's picture

Tyler-

I understand and appreciate your blog and your gift of writing & financial sense.

But I have to ask: Why would you get mad at someone who bellows out a FU Bernanke just because anyone can do a search and see the results of the penthouse like you did?. Most of us pretty much are aware Manhattan RE is beyond what most of us will make our entire lives. But the point is WHO THE FUCK CAN AFFORD A $90 million PENTHOUSE Condo in NY? Not me, not 90% of America.

You might say, that money was accelerated through the economy and I could not disagree. But where was it accelerated through? The city gets alot more income from the land & sale which goes to the corrupt cronyism that is NYC.Most of the Union builders will get a decent paycheck after the Union dues, cuts and bribes. Then only after they work in very tuff weather, envirnmental and safty conditions until their part is done, then the next union crew comes in. Since they all HAVE to be union, the union makes some of the most money on the whole deal.Once its built you get the Real estate sales professionals that get a cut, and their brokers.

That's it. Besides having a doorman and cute Russian maids I can't see who it really helps the economy after the bastards with that much money probably stole it from a granma's retirnment fund and had enough money to fight her slander in court for her two bedroom trailer. (And win).

The rampant croynism and disregard for the hard working people of America in DC and NY is disgusting, revolting and enraging. Forgive my 2 cent rant.

 

Mon, 10/29/2012 - 15:14 | 2928639 TeamDepends
TeamDepends's picture

Mayor Bilderberg, get some industrial strength Viagra over to 57th street pronto!

Mon, 10/29/2012 - 15:29 | 2928687 I Got Worms
I Got Worms's picture

Did the BBC report that the crane fell while it was still standing in the background?

Mon, 10/29/2012 - 15:42 | 2928713 Zer0head
Zer0head's picture

worm - comment of the day +++

Mon, 10/29/2012 - 15:58 | 2928760 TeamDepends
TeamDepends's picture

Yes, and somehow it landed in Pennsylvania...

Mon, 10/29/2012 - 16:02 | 2928773 knukles
knukles's picture

OMG, how the official explanations become used as fodder for ridicule....

Mon, 10/29/2012 - 15:16 | 2928641 Abiotic Oil
Abiotic Oil's picture

The news chick saying, "trying to figure out how to safely solve this,"

Uh, don't be underneath it?  100MPH tape?

Mon, 10/29/2012 - 15:43 | 2928716 pods
pods's picture

Gimme some vise grips, duct (100 MPH) tape, Krazy Glue and some JB Weld and that will be as good as new.

pods

Mon, 10/29/2012 - 15:49 | 2928731 Abiotic Oil
Abiotic Oil's picture

Throw a blue tarp over the whole mess and I think we're good.

Mon, 10/29/2012 - 15:43 | 2928717 StychoKiller
StychoKiller's picture

Gotcha covered (in more wayz than one!)

Mon, 10/29/2012 - 15:16 | 2928643 fonzannoon
fonzannoon's picture

right before the holidays with this storm. who the hell will be buying gifts when they are too busy trying to fix leaky basements when their insurers claim "act of god" and deny all claims....i don't see this being good for gdp but maybe i am off.

Mon, 10/29/2012 - 15:44 | 2928721 knukles
knukles's picture

Best hope Krugman don't "know where you live"....
Ya'll might get billed for 17 new unsolicited NYT subscriptions.

Mon, 10/29/2012 - 15:50 | 2928737 fonzannoon
fonzannoon's picture

Obey better send Krug to shopvac my basement in about 4 hours if he wants my vote.

Mon, 10/29/2012 - 16:01 | 2928769 knukles
knukles's picture

Waaaaiiiiiit...

I thought yesterday we determined that Obey was gonna work while the Romulan supervised?
Now the Krug-a-lug's getting involved, too.

A Category 4 ClusterFuckDeluxe

Mon, 10/29/2012 - 15:21 | 2928657 Abiotic Oil
Abiotic Oil's picture

"The call came in around 2:30 p.m. Monday. At the time, according to the National Weather Service, winds in Manhattan were blowing at about 20 mph with gusts up to about 40 mph."

 

A 40mph gust knocked this thing over?  

Perhaps presales weren't going well?

Mon, 10/29/2012 - 15:35 | 2928699 Abiotic Oil
Abiotic Oil's picture

Since Obamacare mandates insurance for pre-existing conditions can I get some flood insurance for a pre-existing flood?

Mon, 10/29/2012 - 15:46 | 2928723 knukles
knukles's picture

You're confusing that with ObamaDon'tCare

Mon, 10/29/2012 - 15:56 | 2928755 fonzannoon
fonzannoon's picture

You need to TM that.

Mon, 10/29/2012 - 15:58 | 2928762 knukles
knukles's picture

 

 

 

ObamaDon'tCareTM

 

Done.
You dah man, Fonz :)

Mon, 10/29/2012 - 15:22 | 2928661 Ineverslice
Ineverslice's picture

 

The cold temps to follow after will darken all this further...

Mon, 10/29/2012 - 15:23 | 2928669 earleflorida
earleflorida's picture

this is what happens when ya fuck with the raising gangs pensions!

Mon, 10/29/2012 - 15:24 | 2928670 Bansters-in-my-...
Bansters-in-my- feces's picture

Bernanke,and Timmy.....

is that you's giving me down arrows....?

Mon, 10/29/2012 - 15:28 | 2928679 Tyler Durden
Tyler Durden's picture

Wait, you are still on the post you just complained about? Shouldn't you be on one of the about 20 far more "hardcore finance" articles we have posted so far today?

Mon, 10/29/2012 - 15:39 | 2928707 MsCreant
MsCreant's picture

1st RULE: You do not talk about FIGHT CLUB.

2nd RULE: You DO NOT talk about FIGHT CLUB.

3rd RULE: If someone says "stop" or goes limp, taps out the fight is over.

4th RULE: Only two guys to a fight.

5th RULE: One fight at a time.

6th RULE: No shirts, no shoes.

7th RULE: Fights will go on as long as they have to.

8th RULE: If this is your first night at FIGHT CLUB, you HAVE to fight.

 

Get your shirt and shoes off or go home is what I'm reading here.

Mon, 10/29/2012 - 15:26 | 2928673 slaughterer
slaughterer's picture

Any shoddy nuclear power plants to topple?

Mon, 10/29/2012 - 15:35 | 2928700 Ineverslice
Ineverslice's picture

 

Oyster Creek

must keep spent fuel pool cool.

Mon, 10/29/2012 - 15:51 | 2928738 ZerOhead
ZerOhead's picture

What?

The nuclear powered Oyster cooker?

Mon, 10/29/2012 - 15:57 | 2928756 knukles
knukles's picture

Irony of the Day...
Your Moment of Zen

 

So, the nuke is undergoing maintenance with all the fuel rods temporarily lying in cold water storage pools.
Check.
Which, if there is no power, cannot be properly cooled.
Well, OK, but check .... (?)
And then might become a sorta semi-permanent Hazard to The Neighbors, aka Fuckushittnme.
Opppps!

WTF, like no power at a nuclear power reactor?

Who the Fuck Thinks Up the Risk Assessments for This Shit?

Mon, 10/29/2012 - 15:26 | 2928675 Frank N. Beans
Frank N. Beans's picture

who do these reporters think they are, questioning the sanity of people coming out to see and experience the storm.  i hate that.  mind your own fucking business

Mon, 10/29/2012 - 15:27 | 2928677 mayavision2012
mayavision2012's picture

A Crane Outside Piers Morgan’s Office Just Snapped And Is Now Dangling Over West 57th Street [UPDATE]

Livestream  http://gawker.com/5955905/a-crane-outside-piers-morgans-office-just-snap...

Mon, 10/29/2012 - 15:29 | 2928684 The big unzip
The big unzip's picture

Obama said it is not the construction company's fault if the crane falls,  because they didnt build that!   I'm sure the Gov't will now take full responsibility for any and all damage.

Mon, 10/29/2012 - 16:56 | 2928944 Coldsun
Coldsun's picture

They'll only pay for it if the workers, owners and residents vote for Odumbass.

But the real joke is that the government would actually take responsibility. Based on the stellar record of Fast and Furious and Libya. They just Cover-up, Blame, and Apologize.

Mon, 10/29/2012 - 15:33 | 2928697 butchee
butchee's picture

Black swan, dangling crane....potato, potahto

Mon, 10/29/2012 - 15:35 | 2928701 Piranhanoia
Piranhanoia's picture

People pay to live on a wind turbine.  If you are from Earthquake County, like most folks on the west coast,  you might wonder at others choosing to live where you can't escape.  

Mon, 10/29/2012 - 15:43 | 2928718 buzzsaw99
buzzsaw99's picture

sandy missed the big sandy by a nose. what a dud.

Mon, 10/29/2012 - 15:44 | 2928720 yogibear
yogibear's picture

Timber!

It's insured.

Mon, 10/29/2012 - 15:47 | 2928724 Wakanda
Wakanda's picture

That's not a dangling crane.  That's an external staircase between floors in the record setting duplex.

We're modifying the blueprints in real time.

Mon, 10/29/2012 - 15:48 | 2928729 MsCreant
MsCreant's picture

"New York City officials order evacuation of upper floors of several
buildings near site of partially collapsed crane."

Uhhh...why is anyone in those buildings....

Mon, 10/29/2012 - 16:08 | 2928783 knukles
knukles's picture

They're evacuating to higher penthouse grounds with Dom Perignon, caviar, pate and hula girl service.
It's New Yawk, Missy!

Mon, 10/29/2012 - 17:40 | 2929093 MsCreant
MsCreant's picture

I really hope you are right. They deserve everything they get if they are in those penthouses, with cranes flopping around, dangling on wires and chains.

Not a black swan, a grey crane...

Mon, 10/29/2012 - 15:50 | 2928734 virgilcaine
virgilcaine's picture

Wouldn't it have been prudent to take the cranes down before the Hurrricane arrived? 

Mon, 10/29/2012 - 16:03 | 2928774 ebworthen
ebworthen's picture

Or at least rotate it 180 degrees so it is over the building rather than facing the street.

Some people 50 stories down crushed to death?  That's what insurance is for.

The interior of the hoity-toity building damaged?  God forbid!

Mon, 10/29/2012 - 16:29 | 2928831 Seer
Seer's picture

I think that it's more efficient if the hurricane does it... but then again, I didn't major in business...

Mon, 10/29/2012 - 15:53 | 2928744 I am a Man I am...
I am a Man I am Forty's picture

that crane is going nowhere

Mon, 10/29/2012 - 16:30 | 2928836 Seer
Seer's picture

Looks like it had a different idea...

Mon, 10/29/2012 - 16:04 | 2928746 Zer0head
Zer0head's picture

heres another stream of the crain but takes a while to connect

http://aCrainyDayinNY.tumblr.com

Mon, 10/29/2012 - 16:00 | 2928767 RacerX
RacerX's picture

so would this be a "crane-ready job"?

Mon, 10/29/2012 - 16:13 | 2928786 knukles
knukles's picture

I am so grateful I escaped NY some 15 years ago....
Only thing I miss is the food.

Mon, 10/29/2012 - 16:36 | 2928857 mick_richfield
mick_richfield's picture

Ahh.  The Russian Tea Room, trying to impress a new girl friend.

A little place on the corner of 1st and 1st, where old Polish men sat and drank Krupnik.

Long ago.

Mon, 10/29/2012 - 16:16 | 2928798 tip e. canoe
tip e. canoe's picture

wonder if one57 got any tax breaks from the city for building so high?  

Mon, 10/29/2012 - 16:19 | 2928805 Wakanda
Wakanda's picture

It is tall so that the upper floors can peer over 58th and Central Park South to get a view of the Park.  I'm sure the record setting duplex had a spectacular north facing view.

Mon, 10/29/2012 - 16:34 | 2928853 SillySalesmanQu...
SillySalesmanQuestion's picture

Is'nt that Jamie and Blythe hanging on to the end of the crane for dear life...OMG, don't fall...

Mon, 10/29/2012 - 16:36 | 2928861 Trimmed Hedge
Trimmed Hedge's picture

OMG, the whole building is shaking..!!

Mon, 10/29/2012 - 16:39 | 2928880 takinthehighway
takinthehighway's picture

Got scrolling down through the emergency links...saw that a man was arrested on the 17th in a plot to blow up the reserve building...supposedly a 21 year old male from Bangladesh...am I the only one who didn't hear about this at the time?

Looking back, the 17th was the day I had my colostomy, so I guess I had an excuse...

Mon, 10/29/2012 - 16:55 | 2928934 bunnyswanson
bunnyswanson's picture

You may mean colonoscopy - colostomy would be an external drainage bag after surgical resection of your bowel. 

Mon, 10/29/2012 - 20:04 | 2929566 takinthehighway
takinthehighway's picture

Trust me, it was a colostomy...nasty but necessary.

Mon, 10/29/2012 - 16:54 | 2928930 mendolover
mendolover's picture

Only a fool would spend $95 mil for a penthouse on top of a 75 story condo.  Fuck the view.  Insanity.  I wouldn't get one nights sleep up there!

Mon, 10/29/2012 - 17:19 | 2929028 Random_Robert
Random_Robert's picture

It will be interesting if we eventually find out that Larry Silverstein took out an insurance policy on the entire Eastern Seaboard for 5X the book value just 2 weeks before this storm, and paid the extra premium for maximum flood coverage...  yes?

 

 

 

Mon, 10/29/2012 - 18:11 | 2929165 I Got Worms
I Got Worms's picture

The smartest thing to do is to "pull it."

Mon, 10/29/2012 - 18:50 | 2929303 mayavision2012
mayavision2012's picture

That "Emergency Links" above just posted a 4-story building collapse

 

10-29-2012 18:43 EDT U/D cmd rpts collapse to be a 4 sty 25x60 class 3 structure manhattan NYC 10011 BLDG COLLAPSE 10-29-2012 18:41 EDT FD O/S Conf Bldng Collapse. poss trapped people. manhattan NYC 10011 BLDG COLLAPSE
Mon, 10/29/2012 - 20:21 | 2929627 robertocarlos
robertocarlos's picture

The wind blew a sign off a building in Toronto, a woman was hit and died.

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