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Originally Posted by ChiND
They both make sense.
I'm now very intrigued by Blackstone. They clearly want new space since they signed only a ten-year lease. Also, 345 Park is a depressing fortress. At a minimum, it should be reclad.
In any event, despite Blackstone's apparent desire to stay on Park in the 50s, if they're not going to 175 Park, I'd love to see them anchor HYII. There is no site on Park that could accommodate their needs unless they split up their staff and occupy a few towers in a campus.
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I like to think they'll want to stay within Midtown East / Grand Central but possible their need for space can take them west.
Blackstone and Bloomberg have been the 800lb tunas every developer has tripped over themselves trying to convince to anchor a new office development over the past few years. Bloomberg talks all fell through once they renewed at 731 lex and everyone realized they'd do the same at their other campus offices for the next decade (120 par, 919 Third)
Blackstone, Jeffries, Blue Owl, and a few more financial tenants (incl. Socgen and MS) are the remaining darlings that everyone wants to help find a home in a shiny new tower. Cheers to that!