I'm sorry but *how* is this a surprise to anyone? Anything that happens here needs to be accretive while still following the built form (TBG) and OPA 231 guidelines that are in place. We were never going to get a new, tall, tower because the space between the existing buildings isn't wide enough. We were never going to demo the existing office tower because the replacement cost would outweigh the profit. Reclad and refurb was *always* going to be the name of the game here. I'm sorry but if folks thought we were going to get Langham Place or Ginza-Six-meets-Shibuya-Sky you were only deluding yourselves.
In that vein, I'm happy with KPMB and what we're seeing now looks promising.
Exactly.