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Old Posted Mar 12, 2021, 4:11 PM
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Quote:
Originally Posted by JMKeynes View Post
I agree. It’s pretty clear that Blackstone will anchor 350 Park! This is superb news!!!
It's looking more and more like it. I can't think of any other towers of this size with completion dates around that time, and particularly with the landlords involved. Maybe 15 Penn, although that's strictly Vornado. Guess we'll have to wait and see, but that 1 year extension is key for me. If the previous lease expired in 2027, that extra year signals more time for something to be completed in 2028.


Quote:
Originally Posted by Hudson11 View Post
If this tower can be delivered before the redevelopment of Hotel Penn it's probably a done deal. I just wish Silverstein could snag Blackstone or some other large anchor for 2 WTC, but let's be happy for what we can get I suppose.
I think it was unlikely they would leave Park Avenue for Downtown, or even the west side, unless there were no options. JP Morgan Chase also looked Downtown and to the west side for a new headquarters, but just happened to be in a position to rebuild their own headquarters when terms didn't pan out.
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