I can see 477 Madisonbeing replaced even if it can’t grow in size. I suspect that Aby cautiously spent de minimus funds for its “upgrade” looking ahead to future redevelopment. With all of the lavish office projects being built on Park, the demand for a five-star hotel in this immediate vicinity is acute. Can you imagine an uber-luxury hotel topped off by some condos? While they might not have park views, it would still do very well.
I’d like to see something like this.
