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Old Posted Mar 14, 2017, 2:04 PM
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chris08876 chris08876 is offline
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Join Date: Jul 2013
Location: New Jersey - Somerset County
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Quote:
Originally Posted by NYguy View Post
Yeah, we never quite got a look at the "reconfiguration" that was planned. But for the amounts of money involved, I definitely think this would be more than simply converting the upper floors to residential.
Current set up could support a super tall and 4 billion guarantees us at least 950 ft +.

Mixed used, with the addition of residential will make height a priority in terms of pricing. Better views demand better prices. So given that there is a luxury residential component on the upper floors, it will most likely catar to similar buys like we've seen on 57th Street. And with that, a tower needs to stand out to attract those tenants.