https://commercialobserver.com/2024/...ooked-so-good/
By The Editors
October 20, 2024
Quote:
All this activity might explain why developers such as the legendary Gary Barnett are starting to roll up their sleeves and build in Manhattan again.
Barnett’s Extell Development just purchased the 24-story office tower at 655 Madison Avenue (which was ready to tear down) from Williams Equities for $160 million, with plans to “build something spectacular” on the site — which is a vague enough promise to pique our interest.
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From the earlier article...
https://commercialobserver.com/2024/...adison-avenue/
Quote:
The sale comes after Williams Equities filed plans in August to tear down the property.
While Extell’s plans for the property aren’t clear, the source said the developer plans to continue with the demolition and “build something spectacular” in its place.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Last edited by NYguy; Oct 22, 2024 at 2:41 AM.
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