Quote:
Originally Posted by Crawford
Back to the real world, 1.5 million square feet of air rights are in play for this site. The chance that developers pay hundreds of millions to build a retail pad are right around zero.
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You're confusing two different sites. The Old Navy store where Vornado paid $355 million is across 34th from Macy's. The store they just picked up for $28.5 million is on the north side of 34th across from 1 Penn Plaza.