Quote:
Originally Posted by Busy Bee
If this development expands the assemlage to Madison Av, or if another venture acquires the corner properties in the future, I really really hope the Interaudi Building has its facade preserved and integrated into the base, as it's quite beautiful. Actually the three buildings on Madison are actually quite nice so I'd admittedly have mixed feelings about those being razed.
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The site is surrounded by landmarks, so the footprint won't grow. However, they could acquire air rights or get a transit improvement bonus, if they wanted to.
But currently, it doesn't seem they want to...
https://www.crainsnewyork.com/real-estate/charles-cohen-sells-3-e-54th-st-vornado
Quote:
Vornado Realty Trust bought the 280,000-square-foot property for $141 million and plans to demolish it. The developer said it could build a project as large as 230,000 square feet on the site without triggering a review by city officials.
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