Aspen Heights in Athens, GA 1 year ago.
Time Lapse Video of 112 days of construction for the Steak n Shake in Athens, Georgia. A photo was taken every 30 minutes for the duration of the project then edited to show construction activities from beginning to end. Video created by Smith Planning Group in 2012.
World Trade Towers:
Bad News: no sooner had the ink dried on the bill of sale, then along comes Bin Laden and eliminates the underlying asset, triggering the mortgage lender to demand its money back.
Good News: Silverstein had insured the buildings.
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Bad News: They were insured up to a maximum of $1 billion per incident.
Good News: Two separate planes, two separate buildings, two separate incidents
Bad News: Insurance company goes to court, claiming one terrorist organization, one coordinated attack, one incident…and they win.
Good News: The Silverstein group still has the ground lease for the site (as well as the payments to the Port Authority that he still owes), so they are the ones building and owning the replacement tower there, for which they had to get a construction loan, and, when finished, a mortgage.
Aspen Heights Project Time Lapse Video in Athens, GA