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JeffeBezos t1_jdczpby wrote

The article said it needs $100MM in repairs.

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thetzar t1_jddawj2 wrote

Which is nuts, didn’t they just do a decade of work on it?

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Yolo_420_69 t1_jddti1z wrote

Im guessing the cost isnt to fix but to re-imagine the interior and space use. IE, it can be a perfectly good office floor but if you want to convert it to condos its going to cost a shit ton of money. Shop front additions, modern office spaces, etc

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GVas22 t1_jddwj53 wrote

Historic landmark status makes repairs more expensive since they need to preserve a lot of the old building design and materials and you're restricted on the types of renovations that are allowed.

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solo-ran t1_jddp6x9 wrote

I worked in offices in there from time to time and it seemed fine to me… but I maybe am used to old buildings.

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UnidentifiedTomato t1_jdg0xz1 wrote

That's definitely bare minimum. I imagine a good investment would be $150mil ballpark

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